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IDBI Direct Vs Espresso Sharekhan: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Espresso Sharekhan offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Espresso Sharekhan ranges between Rs 20. IDBI Direct is a Full Service Broker where Espresso Sharekhan is a Discount Broker. IDBI Direct is having overall lower rating compare to Espresso Sharekhan. IDBI Direct is rated only 3.5 out of 5 where Espresso Sharekhan is rated 4 out of 5. Number of active customer for IDBI Direct is 54,478 where number of active customer for Espresso Sharekhan is 21,960. IDBI Direct is serving more customer compare to Espresso Sharekhan.

Here we present side-by-side comparison of IDBI Direct vs Espresso Sharekhan share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Espresso Sharekhan's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IDBI Direct vs Espresso Sharekhan share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Espresso Sharekhan's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IDBI Direct vs Espresso Sharekhan on Service

  IDBI Direct Compare
IDBI Direct
Espresso Sharekhan Compare
Espresso Sharekhan
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX
Active Clients 54,478 21,960
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct Espresso, a part of Sharekhan offers the lowest brokerage online trading services at Rs. 20 flat brokerages on profitable intraday trades, and no brokerage on delivery and loss-making trades on the Beta-tested app and desktop trading platforms.
Broker Enquiry Request call back from Zerodha Request call back from Espresso Sharekhan
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Account Opening Charges and AMC

Compare IDBI Direct vs Espresso Sharekhan on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Espresso Sharekhan on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Espresso Sharekhan charges Rs. 354 (Free for limited time) for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Espresso Sharekhan charges Rs. 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Espresso Sharekhan
Charges IDBI Direct Espresso Sharekhan
Trading Account Opening Fees Free Rs. 354 (Free for limited time)
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs. 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Espresso Sharekhan on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Espresso Sharekhan. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with Espresso Sharekhan on Plan Options
Plan Types IDBI Direct Espresso Sharekhan
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Espresso Sharekhan
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Espresso Sharekhan on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Espresso Sharekhan Brokerage Plan detail - Pay only when you profit is a flat brokerage plan that offers free delivery trading and charges Max Rs. 20 per order brokerage on equity intraday, F&O, commodity, and currency only in case of profit. There will be NIL brokerage fee in case of loss.

Brokerage Charges - Compare IDBI Direct with Espresso Sharekhan
Brokerage Charges Compare IDBI Direct Espresso Sharekhan
Plan Name Flat Brokerage PLan Pay Only When You Profit
Equity Delivery 0.20% Free
Equity Intraday 0.02% 0.03% or Rs 20 whichever is lower
Equity Futures Flat Rs 15 per order 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs 15 per order Flat Fee Rs 20
Commodity Trading NA 0.03% or Rs 20 whichever is lower
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available No
Funding Info Not Available Info Not Available
Call & Trade Charges Free Rs. 50 + GST per order placed through dealing desk
Auto Square off Charges NA Rs. 50 + GST per order placed through dealing desk
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Espresso Sharekhan
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Share Broker's Transaction Charges

Compare IDBI Direct vs Espresso Sharekhan on Transaction Charges

Compare IDBI Direct with Espresso Sharekhan on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with Espresso Sharekhan
Transaction Charges Compare IDBI Direct Espresso Sharekhan
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for espresso-sharekhan
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Account Features

Compare IDBI Direct vs Espresso Sharekhan on Account Features

Compare IDBI Direct with Espresso Sharekhan on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Espresso Sharekhan offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IDBI Direct offers NRI where Espresso Sharekhan doesn't offers NRI Trading.

Account Features - IDBI Direct with Espresso Sharekhan
Account Features Compare IDBI Direct Espresso Sharekhan
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Espresso Sharekhan on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Espresso Sharekhan. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IDBI Direct with Espresso Sharekhan
Trading Platform Compare IDBI Direct Espresso Sharekhan
Desktop Trading Platform Infinity Espresso
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://trade.myespresso.com/trading/login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Espresso Mobile App
Mobile Trading App Demo Info Not Available Espresso Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Espresso Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS Espresso Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Espresso Sharekhan
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Espresso Sharekhan
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Espresso Sharekhan
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for espresso-sharekhan

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Broker Ratings by Users

Compare IDBI Direct vs Espresso Sharekhan on User Rating

  IDBI Direct Espresso Sharekhan
  31 Customer Reviews    Rate IDBI Direct 1 Customer Reviews    Rate Espresso Sharekhan
Fees Ratings 3.0 1.0
Trading Brokerage Rating 2.5 5.0
Trading Platform Usability 2.6 3.0
Customer Service Ratings 2.7 2.0
Overall Ratings 2.7 1.0
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Espresso Sharekhan is Rated 1.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare IDBI Direct vs Espresso Sharekhan on Investment Offerings

Compare IDBI Direct with Espresso Sharekhan on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Espresso Sharekhan offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - IDBI Direct offers online mutual fund investment option where Espresso Sharekhan doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare IDBI Direct with Espresso Sharekhan
Investment Offerings Compare IDBI Direct Espresso Sharekhan
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL SGB, Buyback, IPO
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Order Types

Compare IDBI Direct vs Espresso Sharekhan on Order Types

Order Type - Compare IDBI Direct with Espresso Sharekhan on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - IDBI Direct provide Cover Orders (CO) where Espresso Sharekhan doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IDBI Direct with Espresso Sharekhan
Order Type Compare IDBI Direct Espresso Sharekhan
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IDBI Direct vs Espresso Sharekhan on Customer Service

Compare IDBI Direct with Espresso Sharekhan on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IDBI Direct with Espresso Sharekhan
Customer Service Compare IDBI Direct Espresso Sharekhan
24/7 Customer Service IDBI Direct vs Espresso Sharekhan - 24x7 customer support No No
Email Support IDBI Direct vs Espresso Sharekhan - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Espresso Sharekhan - Onine Live Chat No No
Phone Support IDBI Direct vs Espresso Sharekhan - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Espresso Sharekhan - Toll Free Number Yes No
Through Branches IDBI Direct vs Espresso Sharekhan - Through Branches Yes No
Customer Care Number IDBI Direct vs Espresso Sharekhan - Customer Care Number 022-3913 5001 022 6767 0700
Account Opening Process IDBI Direct vs Espresso Sharekhan - Account Opening Process Info Not Available 100% online/paperless
Customer Support Email IDBI Direct vs Espresso Sharekhan - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Espresso Sharekhan - Knowledge Center/Education Info Not Available https://www.myespresso.com/the-espresso-blog
Head Office Address IDBI Direct vs Espresso Sharekhan - Head Office Address/Corporate Address Info Not Available Sharekhan Comtrade Private Limited
Lodha iThink Techno Campus, 10th Floor, Beta Building,
Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East),
Mumbai - 400 042, Maharashtra.
Website IDBI Direct vs Espresso Sharekhan - Company Website https://www.idbidirect.in/ https://www.myespresso.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Espresso Sharekhan on Research Reports, Tips

Compare IDBI Direct with Espresso Sharekhan on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with Espresso Sharekhan
  IDBI Direct Espresso Sharekhan
Research Mutual Funds IDBI Direct vs Espresso Sharekhan - Research Mutual Funds Yes No
Research Equity Reports IDBI Direct vs Espresso Sharekhan - Research Equity Reports Yes No
Research ETF IDBI Direct vs Espresso Sharekhan - Research ETF Yes No
Daily Market Report IDBI Direct vs Espresso Sharekhan - Daily Market Report Yes No
Free Tips IDBI Direct vs Espresso Sharekhan - Free Tips Yes No
Quarterly Result Analysis IDBI Direct vs Espresso Sharekhan - Quarterly Results Yes No
News Alerts IDBI Direct vs Espresso Sharekhan - Yes No
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Demat Account

Compare IDBI Direct vs Espresso Sharekhan on Demat Account

Compare IDBI Direct with Espresso Sharekhan on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Espresso Sharekhan is ₹400 pa where for IDBI Direct is ₹350 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Espresso Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges).You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IDBI Direct with Espresso Sharekhan
  IDBI Direct Espresso Sharekhan
DP Source CDSL CDSL
DP ID IDBI Direct vs Espresso Sharekhan - DP ID No CDSL-DP-45
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹400 pa
Advance Deposit NO Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)
Statutory charges Nil Actual Stamp Paper Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 0.03% (Min ₹30) + ₹5.50 (CDSL Charges)
Demat ₹5 per certificate + ₹30 courier charges ₹5 per certificate (Min 50 per request)
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹50 per certificate or ₹50 for every hundred securities
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher 0.03% (Min ₹100)
Pledge Creation Confirmation Nil NIL
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher NIL
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher NIL
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher NIL
Failed Instruction Charges Nil Nil
Other Charges Nil Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Espresso Sharekhan on Special Offers and Promotion

Compare IDBI Direct with Espresso Sharekhan on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs Espresso Sharekhan on Special Offers and Promotion
  IDBI Direct Espresso Sharekhan
Pay In and Pay Out Options IDBI Direct vs Espresso Sharekhan - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Expresso
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IDBI Direct vs Espresso Sharekhan - Payout Time Info Not Available Max 24 hrs except for bank holidays
Bank Supported and Charges IDBI Direct vs Espresso Sharekhan - Bank Supported and Charges Info Not Available Around 31 banks allow instant credit facility with charges of Rs 9 + GST
Bank Detail Info Not Available
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • No brokerage on losses.
  • Pay Max Rs. 20 per order brokerage charges across segments.
  • Zero brokerage on cash N carry (CNC) orders (delivery).
  • Zero Demat AMC charges for 1st Year
  • Hassle-free fund transfer via UPI and net banking.
  • Apply for buyback, NFO, and OFS at Rs. 20 per order + GST.
  • Pre-IPO apply feature to apply for IPO.
  • Free mobile app and Binge trading software for active traders.
  • Integrated watchlists, free scanners, quick order placement, and split order functionality.
  • Zero payment gateway charges on Axis, HDFC, ICICI, IDBI, IndusInd, and Kotak Mahindra Bank.
  • EspressoLogy and Learning center to learn about the stock market.
  • Place bracket order (BO) and after-market order.
  • Free GTD (Good Till Date) order
  • Margin trading facility.
  • No hidden charges.

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • Espresso Sharekhan does not offer mutual funds.
  • You cannot open an integrated 3-in-1 account.
  • It does not provide 24*7 customer support.
  • NRI cannot open an account with Espresso Sharekhan.
  • Espresso Sharekhan Trade Booster is 7-day paid stock market learning platform.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Espresso Sharekhan Account Now>>

Last Updated on 2023-08-21T03:25:00+00:00