About Sharewealth
Overview
Sharewealth is an Indian stock broker headquartered in Thrissur, Kerala. According to corporate records, the firm was founded on 16 July 2019, although the company itself claims origins dating back to 2005. It operates under the trading name Sharewealth Group of Companies and its official website is sharewealthindia.com.
The broker presents itself as a full-service stockbroker offering equity, commodity, and derivative trading services. It provides a proprietary trading platform called 'Shareetrade app' and claims to offer leverage of up to 6 times on certain products. The firm's registered address is 20/232, Adiyat Lane M.G Road, West Fort, Poothole P.O, Thrissur 680004.
Regulation
Sharewealth is not regulated by any financial regulatory authority in the context of forex or CFD trading. However, its website references the Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE) in its escalation matrix, suggesting it may be registered as a stockbroker with SEBI. Our records indicate no known regulatory licences, and traders should exercise due diligence to verify the firm's current registration status with SEBI before engaging.
In India, stockbrokers must be registered with SEBI and are subject to its rules. The presence of SEBI references on the contact page implies compliance, but independent verification is recommended.
Products and Services
The broker offers equity trading through demat accounts, commodity trading, and likely mutual funds and derivatives. It promotes its 'Shareetrade' platform for trading. According to its website, it provides services such as guidance, research, and risk management tools. The firm lists multiple bank accounts for client fund segregation, including IndusInd, South Indian Bank, SBI, Federal Bank, UTI/Axis Bank, HDFC, and IDBI Bank.
Sharewealth also runs a referral program that rewards existing clients with 10% of the brokerage paid by referred friends. The minimum withdrawal amount for referral earnings is Rs. 1,000.
Target Audience
Sharewealth is aimed at Indian retail investors looking for a full-service stockbroking experience. Its educational mission suggests it targets beginners and those seeking guidance in financial markets. The broker's leverage offering (up to 6 times) may appeal to traders wanting higher exposure, though such leverage is typical for equity derivatives in India.
The firm does not appear to target international clients or forex traders, as its product focus is on Indian equities and commodities.
Platform and Tools
The broker claims to have its own-designed trading platform called 'Shareetrade app'. Details about the platform's features are limited on the website, but it is positioned as a tool for magical trading. The broker also mentions providing periodic portfolio checks and timely guidance to manage risk.
For account opening, clients can sign up for a demat account through a link to Kotak Securities, indicating a partnership or white-label arrangement. The bank details page lists multiple accounts for fund deposits, suggesting a straightforward funding process.
Overview compiled by FXCanary from regulatory records and public data. full Sharewealth review