Updated October 13, 2026 · BrokerCue Editorial Team
FBS vs Sharekhan
What sets them apart
| Compare |  FBS |  Sharekhan |
|---|---|---|
| Minimum deposit | $5 | ₹0 |
| Account fee | $0 | ₹400 |
| Markets | Stocks, ETFs, Forex, CFDs, Metals | Stocks, ETFs, Forex, Options, Futures, Bonds, Funds |
| Platforms | MetaTrader 4, MetaTrader 5 | ShareMobile, TradeTiger, Web |
| Stock trade fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Regulators | Cyprus Securities and Exchange Commission | Not confirmed |
| Investor protection | EU ICS up to EUR 20,000 | Not confirmed |
| Retail accounts that lose money | 66.43% | Not confirmed |
| EUR/USD spread | 0.5% | Not confirmed |
| Options contract fee | Not confirmed | ₹50 |
| Deposit and withdrawal fees | Free | Not confirmed |
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Key differences
- Markets: only FBS offers CFDs, Metals.
- Markets: only Sharekhan offers Options, Futures, Bonds.
- Platforms: only FBS offers MetaTrader 4, MetaTrader 5.
- Platforms: only Sharekhan offers ShareMobile, TradeTiger, Web.
- Support channels: only FBS offers Email, Phone.
- Features: only Sharekhan offers Options, Futures.
Our verdict on each
FBS
Fbs Partners suits readers who want a plain, low cost picture from a firm regulated by the Cyprus Securities and Exchange Commission: the account fee is $0 and the stock trade fee is $0. The EUR/USD spread of 0.5% and the retail loss rate of 66.43% are the figures to weigh before funding.
Sharekhan
For investors in India who want guided participation, Mirae Asset Sharekhan offers a full service trading and investment platform with research insight. It draws on 29+ years of market cycle experience and covers Indian markets plus 10,000+ US stocks and ETFs through a facilitated route.
Score breakdown
| Area | FBS | Sharekhan |
|---|---|---|
| Cost | 9.3Higher | 9.0 |
| Offer | 9.3Higher | 9.2 |
| Trust | 8.8 | Not confirmed |
Where they rank in our lists
| Ranking | FBS | Sharekhan |
|---|---|---|
| Stock and ETF brokers | 110 of 471 | 433 of 471 |
| Forex brokers | 47 of 147 | 136 of 147 |
| Low-spread forex brokers | 45 of 145 | 134 of 145 |
Licences and countries
| Country | FBS | Sharekhan |
|---|---|---|
| Cyprus | Not confirmed |
Side by side, item by item
| Markets | FBS | Sharekhan |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | No |
| Options | No | Yes |
| Futures | No | Yes |
| Bonds | No | Yes |
| Funds | No | Yes |
| Metals | Yes | No |
Where these facts come from
FBS
- investing.com: 10 facts, checked September 26, 2026
- fbs.eu: 7 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Sharekhan
- sharekhan.com: 4 facts, checked September 26, 2026
- thebeststockbroker.com: 4 facts, checked September 26, 2026
Every fact side by side
| Fact | FBS | Sharekhan |
|---|---|---|
| Features | Demo account, Mobile app | Options, Futures, Mobile app, Demo accountCovers more |
| Pricing model | Commission free | Not confirmed |
| Audience | Beginners | Not confirmed |
| Legal entity | Tradestone Limited | Mirae Asset Sharekhan |
| Headquarters | Cyprus | Not confirmed |
| Founded | 2009 | Not confirmed |
| Support channels | Email, Phone, Help centreCovers more | Help centre |
Where each stands against the rest
| Fact | FBS | Sharekhan | Median |
|---|---|---|---|
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Retail accounts that lose money | 66.43%below the median | Not confirmed | 72.05% |
| EUR/USD spread | 0.5%below the median | Not confirmed | 0.65% |
| Options contract fee | Not confirmed | ₹50highest quarter | ₹20 |
Median across 91 listed brokers.
Pros and cons
FBS
Pros
- An account regulated by the Cyprus Securities and Exchange Commission: Cyprus Securities and Exchange Commission licenses Tradestone Limited under 331/17, so the contract has a named entity behind it.
- The stock trade fee is $0 on a commission free model, so dealing in the shares and ETFs inside stocks, etfs and forex carries no ticket charge.
- The inactivity fee is $0, so a dormant balance is not quietly drained by account charges.
Cons
- The EUR/USD spread of 0.5% is the charge that lands on every forex and CFD trade, so currency traders feel it more than the flat fees suggest.
- The minimum deposit of $5 sits above CFI's $0, so readers who want the smallest opening balance have a lower floor elsewhere.
- The market list stocks, etfs and forex leaves out crypto and futures, which eToro covers in stocks, etfs and forex.
Sharekhan
Pros
- Combines trading with mutual funds and portfolio management in one place
- Publishes research insights shaped by 29+ years of market cycles
- Opens 10,000+ US stocks and ETFs through a GIFT City route
Cons
- Full service model asks for serious research, analysis and discipline
- Indian investor focus leaves little relevance for residents elsewhere
- US investing works through facilitated partners, not direct provision
Who each suits
FBS
Who it suits
- Beginners opening a new trading account: the minimum deposit is $5 and the account fee is $0.
- Readers who hold shares and ETFs alongside forex: stocks, etfs and forex covers that mix on the same account.
- European readers who want a Cyprus regulated firm: Cyprus Securities and Exchange Commission licenses the entity behind the brand.
Who should look elsewhere
- Readers who want the smallest possible opening balance: CFI takes $0.
- Readers who need crypto or futures in the same account: eToro lists stocks, etfs and forex, and those lines sit outside stocks, etfs and forex.
- Readers who want crypto added to a forex, CFD, stock, ETF and metals mix: Vantage covers forex, cfds and stocks.
Sharekhan
Who it suits
- Indian investors wanting research supported trading
- Long term savers using mutual funds and managed portfolios
- Investors seeking facilitated access to US stocks and ETFs
Who should look elsewhere
- Traders wanting light touch execution without research depth
- Investors based outside India
Questions about each
FBS
What does it cost to run an account at Fbs Partners?+
The account fee is $0, the stock trade fee is $0 and the inactivity fee is $0, so nothing is charged for holding the account, dealing in shares or leaving a balance idle. Deposits and withdrawals carry no charge either. What remains on a forex or CFD trade is the spread, quoted at 0.5% on EUR/USD.
How much does the EUR/USD spread cost in practice?+
The EUR/USD spread is 0.5%. On a currency pair that spread is the dealer's charge for opening and closing, so it lands on every position rather than on a ticket line. The stock trade fee of $0 and the account fee of $0 sit alongside it, which makes the spread the number to size positions around.
Sharekhan
What does Mirae Asset Sharekhan provide?+
Mirae Asset Sharekhan provides online trading with mutual funds, portfolio management and research insights. You can use its trading and investing platforms for share market participation. Research supports decisions across different market cycles.
Which markets does it cover?+
You can access stocks, mutual funds and derivatives including Options and Futures. The platform also covers portfolio management alongside research insights. Global access adds 10,000+ US stocks and ETFs through a facilitated route.
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