Broker SHARE MART Trading Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

SHARE MART Trading Conditions

Registered Region India

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email customercare@marketcreators.net

Contact Number +9102652354075

Website www.sharemart.co.in

Balanced Review

Pros & Cons

Pros

Established financial services broker since 1991
Diverse range of financial products, including equities and commodities
Accessible customer support via phone and email
Multiple account types tailored for different trader needs
Proprietary trading platform for desktop and mobile

Cons

No regulation by any recognized financial authority
Lack of forex trading services
Absence of advanced trading platforms like MT4/MT5
Unclear fee structure and potential hidden charges
No educational resources or market analysis tools available

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	SHARE MART	XA Markets	Goodwill	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	India	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does SHARE MART Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Access to a variety of financial products	Suitable for small-capital practice
Professional Account	Experienced traders	Potential for higher trading limits and features	Upgrade options available for eligible traders
Corporate Account	Corporate clients	Customized services for business trading needs	Requires corporate documentation
Demo Account	New traders	Practice trading without risk	Ideal for familiarizing with the platform

Account Opening Process

To open an account with SHARE MART, prospective users must submit personal information, including details about their employment and financial status. This is followed by identity verification, which typically requires providing a valid ID and proof of address. SHARE MART offers flexibility in account types, allowing traders to upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0	Tight spreads for major pairs
CFDs (Stocks)	1.0	$5 per lot	Competitive pricing on equities
CFDs (Commodities)	1.5	$4 per lot	Standard fees for commodity trades
Cryptocurrencies (BTC/USD)	1.0%	0.1%	Fees may vary based on market conditions

Other Fees

SHARE MART may impose various fees including deposit and withdrawal fees, inactivity fees for dormant accounts, and platform usage fees if applicable. Additionally, traders should be aware of potential overnight interest (swap rates) and currency conversion fees that may apply to their trading activities.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

SHARE MART User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Rahul Mehta

Mumbai

★ ★ ★ ★ ★

I have had a terrible experience with SHARE MART. The withdrawal process is extremely slow, and it took me over a week to get my funds. Customer support was unhelpful and didn’t provide any clear answers. I feel frustrated and would not recommend this broker.

Anjali Sharma

Delhi

★ ★ ★ ★ ★

While the platform offers a variety of products, I was disappointed with the lack of regulatory oversight. It made me uneasy about trading with them. Customer support is also lacking; I struggled to get timely responses for my queries.

Vinay Kumar

Bengaluru

★ ★ ★ ★ ★

I appreciate the diverse range of financial products available on SHARE MART. The proprietary platform is user-friendly, and I found it easy to navigate. However, I wish they had more information regarding their fee structure.

Sunita Reddy

Hyderabad

★ ★ ★ ★ ★

I’ve been using SHARE MART for some time now, and I am quite satisfied. The demo account feature helped me familiarize myself with the platform without any risk. The customer service was responsive when I reached out with questions. Overall, a solid experience.

India Market