Sharekhan vs ZuluTrade

Sharekhan vs ZuluTrade Comparison Table 2023
Sharekhan Review 2023	ZuluTrade Review 2023
Review 3.2 Sharekhan is #36 in our broker rankings.	Review 4.1
Traders from US accepted	Traders from US not accepted See available CFD brokers
Sharekhan is one the largest stock and derivatives brokers in India. Established in 2000, it has 2+ million clients with 1.5 million trades executed on average per day. The firm is regulated by the SEBI and offers a range of bespoke trading platforms.	ZuluTrade provides social and copy trading services across forex, indices, stocks, cryptocurrencies, commodities and more. Over 90,000 traders are available to follow and the firm has picked up multiple awards. ZuluTrade is part of the Finvasia Group and is regulated in the EU, South Africa, Japan and Mauritius.
Comment by Reviewer
"We recommend Sharekhan for Indian stock traders looking for low fees, no minimum deposit and excellent educational resources."	"We recommend ZuluTrade for investors interested in joining one of the world's largest and best-performing social trading networks. The platform is user-friendly and clients can copy trade in a variety of popular financial markets."
Pros
User-friendly web platform and mobile app with live investment analysis, market news and charting tools Responsive customer support available 24 hours a day via telephone, live chat and email Online learning resources with courses by experience level and in-person events Third-largest stockbroker in India with a good reputation No minimum deposit for new customers Strong market research Regulated by the SEBI	Many global affiliate brokers Reliable and easy-to-use mobile app Access to popular cryptocurrencies including Bitcoin Free and fully functioning demo account, perfect for beginners Wide range of performance indicators and graphs to help evaluate traders More than 90,000 traders to follow and copy which could result in greater earnings Users can comment directly on traders’ profile pages, helping to hold traders to account while creating an effective review process Some social trading networks only give you access to the last 50 or 100 traders, but all historical trades are available at ZuluTrade Only view the top traders who comply with stringent criteria, demonstrating consistent and reliable performance
Cons
Deposits and withdrawals are only available via bank transfer Accounts are only available to Indian residents or NRIs Access restricted to local markets like the NSE and BSE Complicated account and fee structure AMC charges after the first year	Some inconsistent traders to be aware of Employing an effective money management system can be difficult for beginners Traders are not formally vetted. The ZuluGuard™ feature does mitigate this risk however, removing traders and/or withholding fees where appropriate
Awards
	Best Social Trading Solution at UF Awards 2022 Best Social Wealth Management Platform at Forex Expo Dubai in October 2022 Best Social Trading Solution Award at iFX EXPO Dubai 2023
Instruments
Stocks, Futures, Options, Forex, ETFs	CFDs, Forex, Stocks, Cryptos, Commodities, Indices
Demo Account
No	Yes
Minimum Deposit
$0	Broker Dependant ($100 Minimum Balance)
Trading Platforms
Own	MT4 MT5 ActTrader
Payment Methods
Wire Transfer	Credit Card Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
SEBI	HCMC & General Japan Investment Advisers Association
Margin Trading
Yes	Yes
Margin Rate
0.5%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
Yes	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
	ZuluTrade are market leaders in automated trading. From scripts to auto execution APIs and copy trading.
Copy Trading
No	Yes
Copy Trading Platform
	Investors can follow the strategies and positions of 90,000+ traders spanning a range of financial markets. ZuluTrade is one of the top-rated and regulated copy trading platforms globally, with multiple industry awards, an excellent reputation and a suite of risk management tools and real-time analysis features.
Social Trading
No	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Stock Exchanges
Bombay Stock Exchange National Stock Exchange Of India
Commodities
	Gold Oil Silver
CFD Trading
CFD trading not offered	Invest in traditional and emerging markets in line with your broker's supported CFD assets. Go long or short with leverage. Traders can also utilize technical analysis tools and create Expert Advisors using ZuluScript.
Leverage
	Broker Dependent
FTSE Spread
	Broker dependent
GBPUSD Spread
	Broker dependent
Oil Spread
	Broker dependent
Stocks Spread
	Broker dependent
Forex Trading
Sharekhan offers a narrow range of forex futures, including the EUR/INR, USD/INR and JPY/INR. Arbitrage and hedging strategies are permitted and the trading platform offers excellent charting and analysis tools.	Clients can speculate on an extensive list of currencies, dependant on the partner broker. 24/5 customer service is available to support new users. Traders can also practice forex analysis techniques and browse leaders in the free demo account.
GBPUSD Spread
N/A	Broker dependent
EURUSD Spread
N/A	Broker dependent
EURGBP Spread
N/A	Broker dependent
Assets
6	500+
Cryptocurrency
Crypto trading not offered	ZuluTrade works with a range of brokers that deliver trading on a huge range of cryptos. Copy the trades on some of the most popular cryptocurrencies in the world, including Bitcoin and Ethereum and stay up to date with ZuluTrade's integrated crypto news.
Spread
	Broker dependent
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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