Share.Market review
Independent review of Share.Market — brokerage, app, account opening, customer support and the kind of investor it actually fits. Share.Market is the discount broker by PhonePe.
Verdict
Cost-conscious, self-directed (DIY) investors and traders already in the PhonePe ecosystem who want a low-cost, app-first platform for stocks, F&O, ETFs, mutual funds and IPOs.
Brokerage at a glance
Headline brokerage on the default Share.Market standard plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About Share.Market
Share.Market is the discount broker by PhonePe. After its launch zero-brokerage promotion ended 31 March 2025, it charges ₹20 per executed order or 0.1% of turnover (whichever is lower, minimum ₹2) for delivery and intraday, and flat ₹20 for F&O.
The Share.Market trading app
- Open a free demat account with paperless KYC for stocks, ETFs, mutual funds, F&O, WealthBaskets and IPOs
- Invest in and trade NSE and BSE listed stocks with live price movements and intraday trading
- Trade Futures & Options (F&O) contracts
- Invest in mutual funds starting from Rs 100 and set up Stock/ETF SIPs
- Apply for IPOs and invest in curated WealthBaskets (stock/ETF portfolios)
- Charting tools, company financial analysis, watchlists, market screeners and GTT orders
Opening a Share.Market account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at share.market.
Customer support
Share.Market support is available all days, 9:00 am - 6:00 pm (support); compliance/grievance monday to friday, 9:00 am - 6:00 pm. For complete contact details, the four-level SEBI escalation path (broker desk → compliance officer → SCORES → SMART ODR), and what to have ready before escalating, see the Share.Market customer care page.
Pros and cons
How we judge this: these pros and cons are drawn from Share.Market’s published charges and platform features, its app-store ratings — cross-checked against its SEBI registration and NSE / BSE membership. They are our editorial assessment, not a sponsored placement, and not financial advice.
What users say about Share.Market
Paraphrased themes from public app-store reviews and forums — these are users’ opinions, not our testing, and not financial advice. Sampled 2026-06-14.
- Free account opening with zero annual maintenance charge on trading and demat account
- Flat brokerage of Rs 20 per order (or 0.1% whichever is lower, min Rs 2) on equity delivery and intraday; Rs 20 per order on F&O
- Backed by the PhonePe ecosystem with fully digital Aadhaar/DigiLocker onboarding
- WealthBaskets - expert-curated baskets of stocks and ETFs
- Invest across stocks, F&O, ETFs, mutual funds and IPOs from one app
- TradingView charting integration
- Some users report the app occasionally getting stuck on the opening screen
- OTP delivery delays reported on certain mobile networks during login
- Some users report session expiry / having to log in again
Alternatives to Share.Market
By active client count, Share.Market is the #18 largest of 38 retail brokers on the NSE (as of 2026-04-30). If you're weighing it against the field, these are the brokers people most often compare it with:
See the full ranked list of every retail broker in India on the stock brokers in India page, or compare exact landed cost on a typical trade with the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about Share.Market.
Share.Market is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Cost-conscious, self-directed (DIY) investors and traders already in the PhonePe ecosystem who want a low-cost, app-first platform for stocks, F&O, ETFs, mutual funds and IPOs.
Equity delivery is ₹20 / 0.1% (min ₹2). Equity intraday is ₹20 / 0.1% (min ₹2). Equity options is Flat ₹20. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
Share.Market is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Open a free demat account with paperless KYC for stocks, ETFs, mutual funds, F&O, WealthBaskets and IPOs. Invest in and trade NSE and BSE listed stocks with live price movements and intraday trading. For a full feature list and download links see the Share.Market app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://share.market.
Discount brokers comparable to Share.Market include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.