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.
Sharekhan, a renowned and reputed full-service brokerage house stepped into an online discount broking business, named Espresso Sharekhan. Launched in 2020, Espresso is a registered member of BSE, NSE, and MCX to facilitate trading in equity intraday, delivery, equity derivatives, commodities, and currency segment.
Pay only when you profit is Espresso Sharekhan’s unique offering that charges you a flat brokerage fee of Rs. 20 per order only if you earn a profit, and there is nil brokerage on delivery trading and loss-making intraday trades. Open an instant paperless Espresso trading and demat account by registering digital KYC and experience an online trading journey at the lowest brokerage charges.
Espresso Sharekhan has a user-friendly mobile app, website, and Binge desktop software online trading platforms that are tested by trading enthusiasts. Synchronized watchlists, free real-time market scanner, quick and easy order placement, high-quality charting, and dynamic alert tools are the key features available on the Espresso platforms.
The online discount broker also offers unique leverage products such as MIS and MIS+ orders, and margin trading facility. Espresso has a dedicated dealing desk to provide online customer care services.
The article covers an in-depth genuine Espresso Sharekhan Review 2023 including the account opening process, brokerage charges, trading platforms, margin, and pros & cons.
Current offere from Expresso for InvestorGain Visitors:
Espresso Sharekhan has a single Pay Only When You Profit brokerage model that charges you a brokerage fee of Rs. 20 per order only if a trader makes a profit, or else the brokerage will be Zero. Investment in stocks with Espresso is also free at Rs. 0 charges.
Espresso is following Zerodha's pricing model, but Zerodha is offering this plan from 2010.
|Trading Account Opening Charges:||Rs. 354 (Free for limited time)|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs. 400 PA|
Here we are comparing Espresso Sharekhan with its 5 close competitors, who are currently market leader in brokerage industry.
|Broker||Espresso Sharekhan||5paisa||Zerodha||Upstox||Paytm Money|
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||Free||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.03% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.03% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||0.03% or Rs 20 whichever is lower||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||0.03% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
For complete brokerage charges and trading plans detail please visit Espresso Sharekhan Brokerage Charges.
Please refer unique and accurate Espresso Sharekhan Brokerage Calculator
Open an account with Espresso Sharekhan and get zero brokerage benefits on loss-making trades or trade at Rs. 20 flat brokerage charges across segments.
Open a 100% online demat and trading account with Espresso and start your digital trading and investing journey. The instant online account opening process enables you to open Espresso Demat Account in just 15 minutes and get started with Rs. 20 flat brokerage trading.
Espresso Sharekhan has all kinds of free user-friendly trading platforms to allow users to place buy and sell orders online. Customers can trade via Espresso mobile trading app, trading website, and Binge desktop trading software to experience the fastest trading experience. Let’s check out a quick review of Espresso trading platforms.
For detail review of mobile app and download please visit Espresso Sharekhan Trading Platform Review.
Espresso Sharekhan offers online customer support in the form of self-help, videos, and FAQs. It has a customer care dealing desk and a dedicated account opening service desk to resolve customer queries on different subjects.
The broker does not have any branches therefore, offline support is unavailable.
Being a part of a reputed full-service broking firm, Sharekhan helps to win customer trust and confidence for Espresso.
It’s Pay on profitable trading pricing model with highly competitive Rs. 20 per order brokerage, free delivery trading, and a complete feature-rich package of online trading platforms like Espresso Binge and a mobile app with advanced charting features make huge sense for customers to open an Espresso Demat and Trading account for Free.
Last updated on: 2023-09-13
MIS+ order in Espresso Sharekhan is a feature to place a market order or limit order along with a stop-loss order. Customers can use MIS+ orders to take an intraday position in cash and equity Futures & options (F&O) segments. Thus MIS+ Buy or sell that is placed simultaneously with a stop-loss order prevents losses. MIS+ is an intraday product and users must close all open positions the same day otherwise positions will be automatically squared off after 3 PM at Rs. 50 per order auto-square off charges.
MyGTD stands for My Good Till Date that is an alternative to Good Till Cancelled (GTC) feature. Espresso offers a GTD order facility for customers to place a buy or sell limit order with a maximum order validity of up to 30 days. The best part is that the GTD order validity can be extended up to 1 month, and if prices are matched during the specified period, the order gets executed, or else gets expired.
Yes, Espresso Sharekhan is an online discount brokerage firm launched by Sharekhan Limited, a renowned and well-established name in the Indian brokerage space. Espresso by Sharekhan is a completely separate entity that offers online trading in equity, derivatives, commodity, and currency segment. The broker further allows customers to apply for IPO, buyback, OFS, and NFO.
Sharekhan has ventured into discount broking space by the name of “Espresso” in September 2020. Espresso is a low-cost online broker and a great platform to start free delivery trading and charges max Rs. 20/order brokerage on all intraday and F&O trades. The most fascinating feature of its pricing model is that you are charged with Rs. 0 brokerage on all loss-making trades.
Espresso pricing model offers free delivery trading and charges a fixed brokerage of Rs. 20 per order across all segments including equity intraday, derivatives, commodity, and currency. The most exciting feature of Espresso brokerage model is that you have to pay brokerage only when your trade is profitable otherwise the brokerage will be NIL. Espresso Sharekhan matches every buy and sell trade orders for the same stock or contract to check whether the trade was profitable or not. If it results in profit then you will be charged with the applicable brokerage fee of Max Rs. 20 per order while in loss, you have to pay zero brokerage. If you’ve placed multiple Buy or Sell orders for the same stock or contract, the average buy or sell price will be considered to calculate the profit or loss.
Yes, Espresso Sharekhan is undoubtedly the best broker for beginners. The discount broker is a part of Sharekhan full-service brokerage firm that charges flat Rs. 20 per order brokerage on all intraday and F&O trades in equity, commodity, and currency segments. Beginners or newbies can open a Demat and Trading account with Sharekhan due to the following reasons;
Free fund transfer with selected banks; ICICI, HDFC, Axis, IDBI, IndusInd, and Kotak Mahindra.
Espresso Sharekhan charges an annual maintenance fee of Rs. 400 + applicable GST on its Demat account. The broker charges AMC fee on a quarterly basis means Rs. 100 per quarter AMC fee + GST is charged from customers. The broker offers charges zero Demat AMC for the first year.
Espresso Sharekhan is a part of Sharekhan brokerage house that has long-term operating history in the brokerage space. Espresso is an excellent platform for online trading for beginners to trade in the delivery (Cash N Carry, CNC) segment for free. Further, its pay only when you make profit brokerage plan is the most attractive offerings that results in no brokerage on losses or else charges Rs. 20 flat brokerage on all profitable intraday and F&O trades. Espresso Sharekhan has all kinds of trading platforms across web, mobile app, and desktop trading software.
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