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Open an Instant and Online account with Espresso in 15 mins.Espresso Demat & Trading account offers online equity trading, derivatives trading, commodity trading, and currency trading facility to customers. It further offers online IPO investment, OFS, and SGB products. The broker charges zero brokerage on delivery trading and Max Rs. 20 per order brokerage on all intraday and F&O trades. The online discount broking firm offers CNC, MIS, and MIS+ products and allows customers to place a market, limit, and stop-loss orders. It also offers advanced orders like Bracket order, after market order, and GTD (Good Till Date) order. Check out the complete review of Espresso Sharekhan Products & Services Review 2022.
Espresso Demat Account keeps all shares in a dematerialized format in a safe and secure manner. However, a trading account in Espresso facilitates placing buy and sell orders across equity intraday, delivery, derivatives, commodity, and currency segments. Espresso charges Rs. 400 Demat AMC on a quarterly basis.
Espresso is a registered trading member of BSE and NSE to allow customers to trade in shares listed on any of these exchanges. The broker offers both the equity intraday trading means MIS (Margin Intraday Square Off) as well as delivery trading, CNC (Cash N Carry). Investment in company’s shares or delivery trading in Espresso Sharekhan is absolutely free and charged with NIL brokerage. However, it charges flat Rs. 20 per order or 0.03% whichever is lower on the equity intraday trades only if your trade is profitable otherwise the brokerage will Rs. 0.
Espresso facilitates customers to trade in equity derivatives or futures & options (F&O) segments. It charges a Max of Rs. 20 per order brokerage on all profitable F&O trades while no brokerage is charged on loss-making F&O trades.
Espresso customers can trade in four currencies USD, EUR, GBP, and JPY through the Espresso Trading Account. Its Pay only when you earn brokerage model charges a flat brokerage fee of Rs. 20 per order on all trades that are profitable, however, there will be zero brokerage on loss.
Espresso is a registered member of MCX (Multi Commodity Exchange) that offers customers a platform to trade in different types of commodity. The broker charges a lower of flat Rs. 20 per order or 0.03% brokerage on commodity futures and charges Rs. 20 flat brokerage on commodity options trading. Espresso offers a free commodity trading account at zero account opening fees.
Customers can apply in IPO online using UPI app on the Espresso web or app platform. There is no brokerage on IPO investment with Espresso. The broker even allows customers to pre apply for an IPO even before the IPO starting date or after market hours.
When promoters in any company sell their shares to reduce their holdings transparently through the bidding platform on the exchange, is called offer for sale (OFS). The broker charges Rs. 20 per order + GST to place OFS order on the Espresso app or website.
Espresso has 3 types of products including CNC, MIS, and MIS+ products.
How to use the Espresso Product Types?
Espresso offers a number of orders that a customer can place using the broker’s mobile app or website. Here are the various types of orders available at Espresso;
The broker further offers advanced order types such as advanced orders like bracket order, aftermarket order, and GTD order placement facility.
How to place different types of orders in Espresso?
If you don’t have time to actively track the market during trading hours then place aftermarket order in any segment using the Espresso app or website. Once the market opens, the order will be sent to exchange and executed when matched.
Likewise Zerodha GTC (Good till cancelled), Espresso offers GTD (Good Till Date) order feature to allow customers to place Buy or Sell Limit orders that will remain active till the specified date. The date entered must be within the maximum validity period of 1 month or 30 days. Customers can also place GTD with a bracket order or a cash order.
Likewise Zerodha, Espresso also has a call n trade service desk to allow customers to place order simply over a phone. Users can call at the Espresso customer service desk at 022-67670800 and the team will place the order on your behalf. Espresso levies call & trade charges of Rs. 50 per order + GST.
Espresso Dial N Trade Timings
Espresso refer & earn program facilitates customers to refer Espresso account to their friends or relatives, and get Rs. 600 referral benefits. Referred friend must open a Demat & trading account in Espresso and place trades in the same month. If both the conditions are satisfied, then you will earn referral benefits worth Rs. 600 by the 10 th of the Next month.
Espresso Referral Program Benefits for referred friends:
Espressology blog is a single platform to get access to all the important stock market news, announcements, updates, and opinions. Users can read the informative and educational blogs on the Espresso website for free.
Trade Booster Program is a 7-day stock market learning platform designed for beginners to pro-level traders and investors. You can access to the platform to learn about stock market trading and investing. The program is available at Rs. 9,990 + GST to Espresso customers whereas its retail price is Rs. 15,000 + GST.
You can become a partner with Espresso and refer Espresso account to your friends & relatives and get earning payout. Here are the top-notch benefits of Espresso Partner Program;
Good for Day (GFD) and Immediate or Cancel (IOC) are the two different types of orders in Espresso Sharekhan that comes with different validity or time period till the order will remain activated in the pending status.
No, You cannot convert MIS or MIS+ trades or your intraday positions to CNC or delivery trading segment in Espresso. You have to close all open MIS positions same day otherwise Espresso team will auto square off the positions at applicable auto-square off charges of Rs. 50 per order + GST.
Espresso allows customers to apply for OFS using its Espresso website or mobile app platform. The broker charges flat Rs. 20 per order + GST OFS apply charges.
Steps to apply in OFS using Espresso Sharekhan App:
Steps to place MIS+ order in Espresso;
A stop-loss order is particularly designed to limit your losses in the stock market. Espresso Sharekhan customers can place either a Stop-loss market or a stop-loss limit order.
Steps to place SL-MKT (stop-loss market) order in Espresso:
Steps to place SL-LMT (stop-loss limit) order in Espresso:
The Split order functionality in Espresso Sharekhan is an intelligent order-processing mechanism that automatically splits order into two or more orders considering the maximum order quantity set by exchange. Thus, customers can place a single order for a large quantity and the order gets automatically splitted into two or more so that each order doesn’t exceed the exchange-approved limit.
EMF in Espresso Sharekhan stands for “Exchange Margin Funding” order that allows customers to take positions under the prescribed margins by paying only upto the EMF haircut value and rest is funded by the Espresso Sharekhan. Clients can take the shares delivery by making the necessary fund settlement or square off the open positions.
If you already have an Espresso equity trading account and want to start trading in derivative segments then you can activate F&O trading segment online using the Espresso App.
Steps to activate F&O in the Espresso App:
Click on the “Submit” option and once details are verified, F&O trading segment will be activated by Espresso team.
