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Espresso Sharekhan Review

(2.9)
Discount Broker Depository: NSDL
4

Espresso is a company established by Sharekhan in September 2020 that focuses on providing discount broking services. Espresso Sharekhan has an active client base of 7,06,522 as of October 2024.

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

Espresso Sharekhan offers a wide array of trading tools to ease the process and experience of beginner and advanced-level traders. Some of its tools are:
 

MyEspresso Web Trading Platform

Espresso’s Web Trading Platform provides a tech-driven convenient interface for a quick and hassle-free trading experience. Following are the features provided by Espresso Web:

  • Comprehensive reports on EoD, portfolio, Tax, etc.
  • Routinely notifications to aid informed decisions
  • Order window for trading and investing with auto margin calculator
  • Watchlists that can be integrated across platforms
  • Customisable homepage with easy to track indices, stocks and positions
     

Espresso App Mobile Application

The Espresso Mobile App gives traders an elite experience with quick-to-access trading features and a user-friendly interface. Some prominent facets of the Espresso Mobile App are:

  • Voice search tool to enable hassle-free trading.
  • Quick navigation with a shortcut bar.
  • Watchlists that can comprise up to 100 scrips.
  • Notifications with corporate announcements, action alerts and more.
  • Order window for trading and investing with auto margin calculator.
  • Fundamental data with advanced tools and charting.
  • Real-time market analysis with market movers.

Binge

Created as a pro-trading platform, Binge eases trading with multiple market scanners, class charts and real-time feeds. Some major features of Binge are as follows:

  • Convenient data visualisation with advanced market tools.
  • Instant updates on watchlists.
  • Peer tracking based on 52 weeks highs/lows and stock performance.
  • Free multiple views of charts across all segments.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00345% - NSE

0.00345% - BSE

0.00345% - NSE

0.00345% - 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

0.02% Sell-side

0.1% Sell-side

SEBI Charges

  ₹ 10 crore

₹ 10 crore ₹ 10 crore ₹ 10 crore

 

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

₹ 10 per crore (Non-Agri Commodity)

₹ 1 per crore (Agri Commodity)

₹ 10 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

₹ 10 per crore

₹ 10 per crore

Espresso Sharekhan Complaints & Stats

Company name:

Espresso Financial Services Private Limited.

Contact:

022 6767 2020

Email:

support@myespresso.com

Active Users:

7,06,522
Espresso Sharekhan Customer Reviews

No Customer reviews yet. Be the first to review this broker.

Frequently Asked Questions

The free demat account opening scheme is valid for a limited period. The annual maintenance charge is Rs.400 that is payable annually. The company also charges a significant amount for various other services provided.

You can open a demat and trading account in 15 minutes by following the below steps.

  • On the Sharekhan website, you will find a "Open an account" option. Clicking on this will take you to a separate window.

  • Enter your basic details like name, mobile number, email id, etc.

  • Upload a few documents for proof of identity, proof of address, proof of income, etc.

  • The broker will now verify the details and your demat and trading account will be activated.

Espresso Sharekhan app is an application-based trading platform that provides discount brokerage services. Its unique feature of “Pay Only When You Profit” makes it stand out from its peers.

You can open an account on Espresso's website or their app.

  • Enter your mobile number and click on "start/resume application".

  • Enter other basic details.

  • Upload the relevant documents for proof of identity, address and income.

  • Post verification of details and documents provided, your account will be activated.

Sharekhan is a full-service broker that provides four kinds of accounts based on your requirements and experience in trading. A separate account is required to be opened if you wish to invest in mutual funds. You can open a demat and trading account, either offline or online and start trading in the various asset classes that the broker provides.

The opening of an account is absolutely free on Sharekhan. However, an amount of Rs.400 is charged as annual maintenance charge. The brokerage fee depends upon the nature and quantum of each transaction.

It is not possible for one to open more than one demat account with Sharekhan. One can have more than one demat account. 

Sharekhan is one of the best and most trusted providers of mutual funds in India. Though it does not provide direct mutual funds like some of its peers, Sharekhan provides other benefits. It does not charge any brokerage or entry load, and the personal relationship manager assigned provides best and implementable advice. Also, opening a mutual fund account with Sharekhan is almost instant and completely paperless.

Espresso is a discount broker company of Sharekhan, wherein individuals can open a demat and trading account and trade in various financial assets. It provides dynamic alert tools, synchronised watchlists and free scanners.

The section  “Withdraw funds” will help you check the amount that can be withdrawn. The espresso website and the app provides a link to request to place a withdrawal request. Your withdrawal request will be accepted subject to certain conditions.