Sharenet Review 2026

Item: Sharenet
Rating: 4.96
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: April 10, 2026

Top Brokers Overview — United States

Min. deposit $3500
Fees 8 /10
Account types 3.9 /10
Regulation 6.8 /10

5 /10

High risk

Sharenet User Reviews 5.5
Commissions and Fees 8.0
Regulation and Safety 6.8
Account Types 3.9
Deposit and Withdrawal 4.7
Markets and Tradable Assets 7.3
Trading Account Opening 6.0
Customer Support 4.9

Sharenet Pros & Cons

150+ trading instruments, including 94 indices.
Doorway to emerging African markets.
Opportunity to invest in managed portfolios.
Technical support works 24/7.
Commission for deposits and withdrawals is 0%.

Complicated registration procedure.
Initial deposit from 3,500 USD.
Limited number of ways to contact customer service.

TU Expert Verdict

Sharenet carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

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Sharenet User Reviews

Score:

5.5 /10

23 total

5-star

4%
4-star

13%
3-star

52%
2-star

13%
1-star

17%

The biggest positive point about the broker sharenet.co.za is that they have been in the market for a long time. Other than that, I don't see any more positive points. Their trading platform is developed by the company, and this platform has significant issues. Currency exchange rates can differ from the market rates. The support team at sharenet.co.za claims that they take currency rates directly from the market, but in reality, there are significant discrepancies. In general, I do not recommend this company!

Sharenet is one of the most normal brokers on the market. I started with a demo with them and now I have the Standard account. Trading conditions are normal, but the bad thing is that there is no deposit insurance. For novice traders, for example, insurance is mandatory, I think. In general, there are no particular complaints about the company.

Sharenet is not only a CFD broker. It also offers investments in securities, so there are a lot of analytics, market reviews and research on its website and in the terminal. Spreads for major currency pairs start from 1 pip. But, by the way, there are not so many tools. The choice of exotic couples is especially limited. Sharenet does not withhold non-trading commissions. Although I am not sure about the commission for inactivity, because I trade with this broker not so long ago. But he definitely does not charge fees for replenishment and withdrawal of funds, as well as for maintenance. Only one account type is available - Standard. Even an Islamic account cannot be opened. Oh yes, you can create a demo account, but its duration is limited to 2 weeks.

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Commissions and Fees

Score:

8 /10

The trading and non-trading commissions of Sharenet have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Sharenet with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Sharenet’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Sharenet Standard spreads
	Sharenet	OANDA	FOREX.com
EUR/USD min, pips	0.5	0.1	0.7
EUR/USD max, pips	1.2	0.5	1.2
GPB/USD min, pips	0.7	0.1	0.9
GPB/USD max, pips	1.5	0.5	1.4

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Sharenet RAW/ECN spreads
	Sharenet	OANDA	FOREX.com
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	5	3.5	5
EUR/USD avg spread	0.2	0.15	0.2
GBP/USD avg spread	0.2	0.2	0.4

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Sharenet. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Sharenet Non-Trading Fees
	OANDA	FOREX.com
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0-15	0
Inactivity fee ($, per month)	0	15

Is Sharenet Safe?

Score:

6.8 /10

Sharenet has a safety score of 6.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated
Negative balance protection
Track record over 38 years

Not tier-1 regulated

Sharenet Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FSCA SA	Full Name Financial Sector Conduct Authority of South Africa	Country of regulation South Africa	Investor Protection Fund No specific fund	Regulation Level Tier-2

Sharenet Security Factors
Foundation date	1988
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

3.9 /10

Sharenet offers the following account options: Demo, Standard, ECN/Raw spread.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Standard account with balanced trading conditions
Demo account
Tight spread ECN account

Micro lots are not available
No VIP account option

Sharenet account types vs top competitors
	Sharenet	Trading.com	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	No	Yes
VIP	No	No	No
Managed	No	No	No

Sharenet accounts trading conditions

Sharenet offers only one type of real trading account, so all clients work on the same terms. Users in the paid subscription format have access to additional options. There is also a demo account.

Account types:

Account Type	Description
Standard	To open this account you need to make a minimum deposit starting from 3,500 USD. Clients can trade with spreads from 1.0 pips for EUR/USD, with 1:1 leverage. Verification is required to open an account.

The broker also offers clients a demo account. You can open it for free. To do this, you need to register on the platform and wait for the representatives of the company’s technical support to contact you. Sharenet provides clients with a demo account for 14 days, after this term you need to open a real account. A demo account can be opened on any platform - desktop, mobile or online.

Sharenet is a broker with attractive trading conditions and a single trading account for all traders. It is suitable for clients looking to discover African markets.

Deposit and Withdrawal

Score:

4.7 /10

Sharenet received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

Sharenet offers limited payment options and accessibility, which may impact its competitiveness.

Supports 5+ base account currencies
No withdrawal fee
No deposit fee
Minimum deposit below industry average

Limited deposit and withdrawal flexibility, leading to higher costs
PayPal not supported
BTC payments not accepted

What are Sharenet deposit and withdrawal options?

Sharenet offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making Sharenet less competitive for those seeking diverse payment options.

Sharenet Deposit and Withdrawal Methods vs Competitors
	Sharenet	Trading.com	Plus500
Bank Wire	Yes	Yes	Yes
Bank card	No	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	No	No	No

What are Sharenet base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Sharenet supports the following base account currencies: USD, EUR, GBP, CHF, ZAR.

What are Sharenet's minimum deposit and withdrawal amounts?

The minimum deposit on Sharenet is $3500, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Sharenet’s support team.

Markets and Tradable Assets

Score:

7.3 /10

Sharenet offers a wider selection of trading assets than the market average, with over 70000 tradable assets available, including 50 currency pairs.

70000 assets for trading
Indices trading
Passive income with bonds

No ETFs
Futures not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Sharenet with its competitors, making it easier for you to find the perfect fit.

	Sharenet	Trading.com	Plus500
Currency pairs	50	69	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	70000	69	2800
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products Sharenet offers for beginner traders and investors who prefer not to engage in active trading.

	Sharenet	Trading.com	Plus500
Bonds	Yes	No	No
ETFs	No	No	Yes
Copy trading	No	No	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

6 /10

We successfully registered an account with Sharenet in 12 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Sharenet is $3500.

The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.

Low minimum deposit requirement
Fast registration time (up to 15 minutes)
Fully online account opening process

Account approval may require extra time depending on the documentation.

Sharenet account opening
	Sharenet	Trading.com	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$3500	$50	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	12	20	5
KYC time (days)	2	2	3

Is Sharenet available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading with Sharenet, you need to become a client of the broker by opening a trading account. A quick guide looks like this:

On the main page of the site, you need to click on the Login button.
Next, the broker will offer to open a real trading account, a demo account, or you will have to log in (for clients with an active account).
Then, you need to fill out the registration form. Registration with Sharenet is a bit complicated, it includes nine blocks. You need to provide detailed information about yourself, your residential address, financial details, employment status, trading experience, bank account number, and other required information.
After that, clients need to go through verification. You need to upload your ID, proof of residential address, and proof of bank details. After reviewing the documents, you need to talk to the broker’s representatives. Only then will the client will be able to fund the account and start trading.

Also in the personal account, traders have access to:

PowerChat. This is a large forum to which all registered clients of the broker have access. This is where the discussion of current news takes place, you can ask questions to experienced traders or contact technical support.
JSW Online. In this section, the broker provides up-to-date information about the trading instruments available on the exchange. You can quickly track the price and price changes, and dynamics of certain instruments, etc.
Charts. Here, clients can view charts of trading instruments, use technical analysis tools and indicators, and open transactions.

Customer Support

Score:

4.9 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

Customer service operators are available 24 hours a day, 7 days a week. However, the response of technical support is rather slow. You have to wait more than two hours for an email response.

They work 24/7
Assistance is in English only

Technical support response takes a lot of time, requests processing takes more than two hours
No online chat

This broker provides the following communication channels:

phone number (can be found in Contact);
email;
PowerChat forum.

Both clients and traders without an active account can ask the company a question by phone or email. PowerChat is only available to registered users.

Contacts
Foundation date	1988
Registration address	301, 3rd Floor, Imperial Terraces, Tygervalley Waterfront, Bellville, Cape Town, 7530
Regulation	FSCA
Official site	https://www.sharenet.co.za/
Contacts	support@sharenet.co.za

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Sharenet Video Guides

FAQs

What trading commissions and non-trading fees does Sharenet charge?

Sharenet is rated as having low overall fees, with no deposit, withdrawal, or inactivity fees listed in the review. For Standard accounts, trading costs are included in floating spreads, with typical EUR/USD spreads between 0.5–1.2 pips and GBP/USD between 0.7–1.5 pips, while RAW/ECN accounts show an average 0.2-pip spread on EUR/USD and GBP/USD plus a $5 commission per lot.

What types of trading accounts does Sharenet offer and what are their main conditions?

Sharenet provides a single real Standard account and a demo account, with no Cent, Micro, VIP, swap-free, or managed account options mentioned in the section. The Standard account requires a minimum deposit from 3,500 USD, offers spreads from 1.0 pips on EUR/USD with 1:1 leverage, and requires verification, while the demo account is free, available on all platforms, and limited to 14 days before a real account is needed.

What do user reviews and feedback say about Sharenet overall?

Sharenet has a user satisfaction score of 5.5/10 based on 23 reviews, with a rating distribution that is mostly 3-star (52%) and smaller portions of 4-star, 5-star, 2-star, and 1-star ratings. According to user reviews, the overall impression is mixed rather than strongly positive or negative.

What markets and tradable assets are available with Sharenet?

Sharenet offers over 70,000 tradable assets, including 50 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not provide options or ETFs according to the section. For more investment-style products, the review notes that bonds are available, while copy trading, PAMM investing, and managed accounts are not listed as offered.

How do clients describe Sharenet customer support in reviews and comments?

The customer support section notes a safety score of 4.9/10, with weaknesses in responsiveness and depth of assistance, including email replies that may take more than two hours and sometimes require repeated contact. Support is available 24/7 in English via phone, email, and a PowerChat forum for registered users, but there is no online chat and traders who depend heavily on fast support may find this inconvenient.