SHARE MART
Pros and 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
Basic Information
User Reviews
SHARE MART Overview
SHARE MART is a financial services broker established in 1991 and headquartered in India. The broker operates under the name Market Creators Ltd. and has been active in the industry for 5-10 years. However, it is important to note that SHARE MART currently lacks any regulatory oversight, which may pose risks for potential traders looking for a secure trading environment.
The broker offers a variety of financial products, including equities, commodities, derivatives, insurance, mutual funds, and IPOs. While SHARE MART does not provide forex trading services, it does emphasize its diverse range of offerings. Customer support is accessible via phone and email, ensuring that traders can receive assistance when needed. Despite its long-standing history in the financial sector, the absence of regulation and specific details about the trading platform may warrant further investigation for prospective users looking to engage in trading activities.
Is SHARE MART Safe? Regulation Analysis
Regulatory Information
SHARE MART is not regulated by any recognized financial authority. This lack of regulation may pose significant risks for potential traders. Without oversight, there is an absence of investor protection measures, which increases the potential for fraudulent activities and financial loss.
Trading Products and Services
What Trading Instruments Does SHARE MART Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | [Major Pairs / Examples] | |
| Commodities | [e.g. Gold, Oil] | |
| Indices | [e.g. S&P 500, NASDAQ] | |
| Stocks | [e.g. US, UK] | |
| Cryptocurrencies | [e.g. BTC, ETH] |
SHARE MART offers a diverse range of trading instruments encompassing various asset categories. Traders can explore opportunities in equities, commodities, derivatives, and more, catering to the needs of different market participants. Whether you are a beginner or a seasoned professional, the variety of available products allows for flexible trading strategies and effective portfolio diversification. By providing multiple asset types, SHARE MART aims to support traders in navigating the markets effectively, adapting to individual investment goals and risk appetites. This broad selection empowers users to optimize their trading experience and enhance their market engagement.
Account Types and Trading Conditions
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.
Trading Platforms and Apps
What Trading Platforms and Apps Does SHARE MART Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Proprietary Platform | Windows, macOS | Secure login (encryption), multiple order types, price alerts | Demo accounts available |
| Web Version | Any device with internet access | Two-factor authentication, symbol lookup, push notifications | No additional services |
| Mobile App | iOS, Android | Biometric login, alert features, market search tools | Demo accounts available |
SHARE MART provides a proprietary trading platform that caters to both desktop and mobile users, ensuring secure logins and diverse order types. The web version allows traders to access their accounts from any device, equipped with necessary security features and real-time alerts. The mobile app enhances convenience by offering biometric logins and essential market search tools, making it suitable for on-the-go trading. Overall, the broker emphasizes secure access, efficient order execution, and user-friendly interfaces across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min 1,000, Max 1,000,000 | INR |
| Debit/Credit Card | Instant | No platform fee, 2% third-party charge | Min 500, Max 50,000 | INR |
| Digital Wallet | Instant | No platform fee, 1% charge | Min 250, Max 100,000 | INR |
Minimum Deposit
SHARE MART requires a minimum deposit of 1,000 INR to open an account. This amount is consistent across all payment methods and account types. However, specific promotions or account types may influence the minimum deposit requirement.
How to Withdraw
To withdraw funds from your SHARE MART account, follow these steps: 1. Log in to your SHARE MART account. 2. Navigate to the ‘Withdraw’ section. 3. Choose your preferred withdrawal method from the available options. 4. Enter the amount you wish to withdraw, ensuring it meets the limits specified. 5. Confirm your withdrawal request. 6. Await processing, which typically takes 3–5 business days for bank transfers and is instant for other methods.
Customer Support
SHARE MART Customer Support Overview
Support Channels
SHARE MART offers several contact methods for customer support, including:
- Email: Traders can reach out to SHARE MART via email at customercare@marketcreators.net.
- Telephone: Customers can contact the support team by calling +91 0265 – 2354075.
Service Availability
Customer support is available during standard business hours. While the exact hours are not specified, traders can expect assistance during regular working days. Currently, there is no information regarding the availability of multilingual support.
Frequently Asked Questions
No, SHARE MART is not regulated by any recognized financial authority. This absence of regulation may pose significant risks for traders, as there are no investor protection measures in place.
SHARE MART offers a diverse range of financial products, including equities, commodities, derivatives, insurance, mutual funds, and IPOs. However, it does not provide forex trading services.
To withdraw funds from your SHARE MART account, you need to log in, navigate to the ‘Withdraw’ section, choose your preferred method, enter the amount, and confirm your request. Processing typically takes 3–5 business days for bank transfers and is instant for other methods.
You can reach SHARE MART’s customer support via email at customercare@marketcreators.net or by calling +91 0265 – 2354075. Customer support is available during standard business hours.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.