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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 18,769 as of March 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

0.01% Sell-side

0.05% 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:

18,769
Espresso Sharekhan Customer Reviews

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