Espresso Sharekhan
Espresso Sharekhan
Discount Broker

About Broker

Espresso, a company launched by Sharekhan in September 2020, specializes in offering discount broking services. As of March 2024, Espresso Sharekhan boasts an active client base of 18,769.

Product Basket

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

EquityCommodityCurrencyFuturesOptions

Brokerage 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

Free

Account Maintenance

₹400

Call Trade

₹50

Brokerage

Equity Delivery

Zero

Equity Intraday

0.03% on order value

Equity Futures

0.03%

Equity Options

₹20

Currency Futures

0.03% per order

Currency Options

₹20 per order

Commodity Futures

0.03% on order value

Commodity Options

₹20 per order

Margins

Equity Delivery

0x As per exchange

Equity Intraday

4x As per exchange

Equity Futures

0x As per exchange

Equity Options

0x As per exchange

Currency Futures

0x As per exchange

Currency Options

0x As per exchange

Commodity Futures

0x As per exchange

Commodity Options

0x As per exchange

Platforms Offered

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 PlatformEspresso Mobile ApplicationBinge

Other Details

Pros

Advantages and Strengths of this broker.

  • The 'Pay Only When You Profit' feature greatly lowers costs for users.
  • It operates as a subsidiary of Sharekhan, one of the nation's leading brokers.
  • Espresso provides educational tools like articles, courses, and videos to its users.
  • Call and trade services are offered without any charges.
  • Fixed deposits can be used as collateral for futures and options trading.

Cons

Disadvantages of this broker that it needs to improve upon.

  • The broker does not offer any banking, insurance, or forex trading products.
  • Espresso does not provide 24/7 customer support for queries.
  • The broker does not offer a 3-in-1 account since banking services are not available.

Additional Features

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

3-in-1 AccountComplimentary Trading TipsMarket Research AccessInstant SMS NotificationsLeverage FundingStock-Based Margin

Additional Features

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

Mutual FundsIPO Investment PlatformDebt BondsETF (Exchange-Traded Funds)Insurance Services