Reviews of Stock Brokers

Share India

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Share India, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Share India founded in 1993 by Sachin Gupta is a Private company headquartered in Uttar Pradesh, India India. As a Discount Broker, Share India aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Share India operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewShare India
Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterUttar Pradesh, India
FoundersSachin Gupta
Foundation Year1993
Supported ExchangesNSE, BSE, and RSE
Total branches729

Share India Account opening charges

To begin trading with Share India, you need to open a trading account and a Demat account. Share India charges Zero for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesShare India
Trading Account Opening ChargesZero
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Rs.300 per Annum
Margin MoneyRs.10,000
Offline to Online ChargesRs.100

Share India Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Share India brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesShare India
Equity Delivery BrokerageZero Brokerage
Equity Intraday Brokerage0.03%
Equity Futures Brokerage0.03%
Equity Options BrokerageRs.20 per executed order

Currency Brokerage Charges

Currency Brokerage ChargesShare India
Currency Futures Brokerage0.04%
Currency Options Brokerage0.04%

Commodity Brokerage Charges

Commodity Brokerage ChargesShare India
Commodity Options Brokerage0.04%

Share India Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesShare India
Minimum Brokerage ChargesRs.10 Per Order
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs.50 per order placed through a dealer at Share India

Share India Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Share India:

Equity LeverageShare India
Equity DeliveryUpto 5x
Equity IntradayUpto 3x
Equity FuturesUpto 10x
Equity OptionsUpto 10x

Share India Currency Leverage

Currency LeverageShare India
Currency FuturesUpto 10x
Currency OptionsUpto 10x

Share India Commodity Leverage

Equity LeverageShare India
CommodityUpto 10x

Share India Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersShare India
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Share India Features

FeaturesShare India
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 10x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Share India Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesShare India
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Share India Trading Platforms

The Share India trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Share India Trading Platforms

Desktop Trading PlatformsShare India
Desktop BrowserYes

Share India Mobile App

The Share India mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppShare India
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osYes

Share India Web Trading

For web-based trading, Share India offers a powerful trading website known as Share India trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Share India Trade Terminal

Share India offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Share India Customer Support

Customer SupportShare India
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportYes
Email SupportYes
Chat SupportYes
Toll free numberYes
Support Branches16

Share India Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Share India.

BSE ComplaintsShare India
BSE Complaints11
BSE Resolved Complaints11
Percentage of resolved BSE complaints100.00 %
NSE Complaints6
NSE Resolved Complaints6
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


In conclusion, Share India offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Share India can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.