Discount Broker Depository: NSDL
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Espresso is a company established by Sharekhan in September 2020 that focuses on providing discount broking services.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans (Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 400

Call & Trade Charges

₹ 50
Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.03%

Equity Futures Brokerage

0.03%

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

0.03%

Currency Options Brokerage

₹ 20

Commodity Futures Brokerage

0.03%

Commodity Options Brokerage

₹ 20
Margins

Equity Delivery Margin

0x

Equity Intraday Margin

4x

Equity Futures Margin

0x

Equity Options Margin

0x

Currency Futures Margin

0x

Currency Options Margin

0x

Commodity Futures Margin

0x

Commodity Options Margin

0x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Myespresso Web Trading Platform Espresso Mobile Application Binge
Pros

Advantages and Strengths of this broker.

  1. The Pay Only When You Profit feature helps the user significantly reduce their expenses.
  2. It is a subsidiary of Sharekhan, which is one of the largest brokers in the country.
  3. Espresso provides educational information to its users in the form of articles, courses and movies.
  4. Call and trade facilities are free.
  5. Fixed deposits can be used as collateral for futures and options trading.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. The broker does not provide any products related to banking, insurance and forex trading.
  2. Espresso does not provide 24*7 query support.
  3. The broker does not offer a 3 in 1 account as they do not provide banking services.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Espresso Sharekhan

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3.2)

Usability

(2.5)

Customer Service

(3)

Charges Review

  • Opening an account is absolutely free, for a limited period. However, the AMC charged annually is Rs.400.
  • Espresso provides a “pay only when you profit”. However, the computation is quite complicated.

Customer Service Review

  • Espresso does provide chat, email and call support.
  • The broker also provides a separate “account opening assistance” number, that users can use to resolve their queries.

Ease of Use Review

  • Espresso provides both online and offline trading.
  • The broker provides multiple platforms for various kinds of trading.
  • This might induce ambiguity and complication.

Account Opening Procedure Review

  • Opening an account on Espresso is super quick and simple. However, activation might take a couple of hours.
  • A 2-in-1 account (demat and trading) account can be opened both online and offline. However, NRI trading accounts cannot be opened online.

Why Choose Espresso Sharekhan? Know Everything about Espresso Sharekhan here.

Verdict

Sharekhan is among the first brokers to establish an online trading platform. It caters to the requirements of all kinds of investors and traders. On average, Sharekhan executes more than 4,00,000 orders every day. Espresso is a company established by Sharekhan in September 2020 that focuses on providing discount broking services.

 

If you are an investor, the broker provides you with

  • Friendly customer service representatives are available on call, email and live chat.

  • Live price tracking, timely advice with well-defined profit targets.

  • Educational articles on their blog segment, EspressoLogy Blog.

If you are a trader, the broker provides you with

  • Dial-N-Trade helps you trade in assets over the telephone.

  • Online transfer activated with 12 banks, shortcut keys for quick access to place orders and execute transactions.

  • International market watch, advanced charts and tools to analyse and compare better.

  • Trade booster program, a 7-day course that would equip you with most concepts of the stock market and trading practices, is provided by Sharekhan’s subsidiary, Sharekhan Education.

Trading Tools

Myespresso Web Trading Platform

Myespresso is a website version of the discount broker. Not only does the website allow a user to create an account and trade, but it also provides features like unique pricing, which allows you to skip brokerage on losses incurred and a trade booster program that will help one understand stock market concepts better. The recently launched MIS+ feature helps one earn higher leverage for intraday trading on NIFTY and bank NIFTY options. One can also refer espresso using their referral link to their acquaintances and earn rewards.

Espresso App Mobile Application

The application version of the discount broker is Espresso App that is available on both iOS and Android. It is a user-friendly app that helps users get their desired results in a few clicks. The application provides a voice search tool that is very efficient. The watchlist allows a user to add up to 100 scrips and also provides a shortcut bar that will quicken the trading process. One can track the top performers and also, the app does allow to set alerts for the various corporate announcements and actions.

Binge

Binge is a downloadable version, accessible on a desktop. This platform focuses on further easing a user’s trading experience. You can customise your watchlist that will automatically show on your website and app also. It also allows you to track peer performance, 52 weeks high and low, which will aid in better decision making. The procedure to place an order is quick and simple. Users can customise their menu bar and also view and operate up to 6 charts with a single click.

 

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00345% - NSE

0.003% - BSE

0.00325% - NSE

0.003% - BSE

0.002% - NSE

0.053% - NSE

Demat Transaction Charges 

Sell-side, ₹ 250 per 100 shares 

-

-

-

GST

18% on Brokerage + Exchange Turn over Charges

18% on Brokerage + Exchange Turn over Charges

18% on Brokerage + Exchange Turn over Charges

18% on Brokerage + Exchange Turn over Charges

STT

0.1% on buy & sell

0.025% Sell-side

0.01% Sell-side

0.05% Sell-side

SEBI Charges

0.00005% of turnover

0.00005% of turnover

0.00005% of turnover

0.00005% of turnover

 

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% Non-Agri

0.00175% Agri Commodity

-

Clearing Charges 0.0003%  

GST

18% on Brokerage + Transaction Charges

18% on Brokerage + Transaction Charges

STT

Sell-side, 0.01% - Non Agri 

Sell-side, 0.05%

Options Exercise 0.125% on (Settlement Price * Quantity)

SEBI Charges

₹ 5 per crore (Non-Agri Commodity)

₹ 1 per crore (Agri Commodity)

₹ 5 per crore (Non-Agri Commodity)

₹ 1 per crore (Agri Commodity)

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
 

0.04% - NSE
 

GST

18% on Brokerage + Transaction Charges

18% on Brokerage + Transaction Charges

STT

-

-

SEBI Charges

₹ 5 per crore

₹ 5 per crore

Espresso Sharekhan Complaints & Stats

Company name:

Sharekhan Comtrade Private Limited

Contact:

022 6767 2020

Email:

support@myespresso.com
Espresso Sharekhan Customer Reviews

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