Espresso Brokerage Charges, Account Opening Charges & more
Last Updated Date: Apr 15, 2023When it comes to the volume of traders, Espresso is one of the largest brokers in the country. If traders are new to broking, they can get all the details of Espresso charges.
Espresso is mainly a part of the ShareKhan group, and the latter is one of the biggest standalone retail brokerages in the country.
The broker offers plenty of services easily, ensuring that everyone can spend in the market easily. Furthermore, the broker mainly works through the different branches spread across the country.
The broker also puts up Espresso brokerage charges on their site to make things feasible.
Espresso Brokerage Charges
Espresso brokerage is one of the most prominent charges that traders need to consider.
| Segment | Brokerage Fee |
| Equity Delivery Trading | Zero brokerage for full cash-and-carry orders | 0.1% or Rs 20 for every margin order (whichever is lower) |
| Equity Intraday Trading | 0.03% or Rs 20 per order (whichever is lower) or else Zero brokerage on square-off orders in case of loss |
| Equity Futures Trading | Flat Rs 20 per order or Zero brokerage on square-off orders in case of loss |
| Equity Options Trading | 0.03% or Rs 20 per order (whichever is lower) or else Zero brokerage on square-off orders in case of loss |
| Currency Futures Trading | Flat Rs 20 per order or Zero brokerage on square-off orders in case of loss |
| Currency Options Trading | 0.03% or Rs 20 per order (whichever is lower) or else Zero brokerage on square-off orders in case of loss |
| Commodity Futures | Flat Rs 20 per order or Zero brokerage on square-off orders in case of loss |
| Commodity Options | 0.03% or Rs 20 per order (whichever is lower) or else Zero brokerage on square-off orders in case of loss |
Espresso brokerage is one of the most prominent charges that traders need to consider.
Explanation of Sharekhan Espresso Brokerage Charges
Being a trusted broker, Espresso brokerage charges are quite reasonable to other brokers in the share market.
Espresso brokerage charges for Intraday traders: Under this, the broker tends to charge around 0.03% on the buy and sell side. On the other hand, the traders need to pay Rs.20 for every order if it is lower.
Espresso brokerage charges for delivery-based trades: Under this, the broker will charge 0.1% or Rs. 20 per order, whichever is the least.
Espresso brokerage charges for equity future: The traders need to pay Rs. 20 flat per order or zero brokerage if there is a loss on square-off orders.
Espresso brokerage charges for equity options: The traders need to pay 0.03% or Rs.20 per order, whichever is the least. They don’t need to pay any brokerage in case of loss on square-off orders.
Comprehend with us all the features of this stock broking company in our Espresso Review.
Open Demat Account with Espresso – Fill up the form below
Espresso Account Opening Charges
| Trading Charges [One Time] | Rs.0 |
| Trading AMC [Yearly] | Rs.0 |
| Demat Charges [One Time] | Rs.0 |
| Demat AMC [Yearly] | Rs 400 / year + GST |
| Margin Money | Not required |
When it comes to Espresso account opening charges the traders don’t need to pay any charges as such. Furthermore, Espresso AMC charges for trading are zero.
On the flip side, if traders choose a Demat account they need to pay an AMC of Rs. 400 yearly. The margin money is zero so traders don’t need to stress.
Also, you can easily check and compare your brokerage with our Espresso Brokerage Calculator.
Similar Stock Brokers Charges You may also Like
Espresso Transaction Charges
| Equity Delivery | NSE: 0.00325%, BSE: 0.00275% |
| Equity Intraday | NSE: 0.00325%, BSE: 0.00275% |
| Equity Futures | NSE: 0.0019% |
| Equity Options | NSE: 0.05% (on premium) |
| Currency Futures | NSE: 0.00095% BSE: 0.00022% |
| Currency Options | NSE: 0.037% BSE: 0.001% |
| Commodity Futures | Non-Agri: 0.0026% (MCX) Agri: All 0.00175% Except for Castor Seed (0.0005%) and Pepper (0.00005%) |
| Commodity Options | No charges |
Espresso users must be aware of the transaction charges. These charges exist at Espresso and are deducted from the user’s amount wherever the eligible condition arrives. But there’s nothing to feel worried about as these charges are as tiny as to cut a small chunk of the value.
Such as transactions related to equity delivery orders invite 0.00325% charges (NSE) and 0.00275% (BSE). Equity delivery orders also have a similar charges structure, except for Equity futures that invite 0.0019% charges and 0.05% for equity options (on premium).
Similarly, charges vary for other transactions carried out at the Espresso Broking platform related to particular assets. So make sure you know them.
Espresso Charges – Others
There are a few other charges that apply for demat account opening & trading into the stock market. These charges are very minimal.
| Segments | Charges |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | Rs 25 per instruction |
| Dematerialisation Charges | Rs 50 Per Certificate |
| Pledge Creation | Rs 20 Per ISIN Rs 50 Per ISIN For BSDA Clients |
| Pledge Invocation | Rs 20 Per ISIN Rs 50 Per ISIN For BSDA Clients |
| Margin Pledge/Unpledge/ Pledge closure | Rs 20 Per ISIN Rs 50 Per ISIN For BSDA Clients |
| Margin Repledge | Rs 20 Per ISIN Rs 50 Per ISIN For BSDA Clients |
| DP Charges | Rs 13.5 + GST per scrip |
| Buyback, OFS and NFO Order Charges | Rs 20 per order + GST, Rs 20 + GST for OFS |
| Physical Document Charges | Up to 10 pages – Rs 100 11 pages or more – Rs 250 |
| Payment Gateway Charges | Nil charges for fund transfers from Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank Other banks – Rs 9 |
| Physical Delivery Settlement | Equity Future: 0.5% of the physical settled value Equity Option: 0.5% of the physical settled value Commodity Future: 0.5% of the physical settled value Commodity Option: 0.5% of the physical settled value |
Other Charges
Other charges cover every charge that you might have left unnoticed or that you are eagerly looking forwards to in Espresso. These charges are often ignored by a client themselves, that later on drop them into a puzzling state.
Such as, account reactivation charges are Rs 20 per instruction, and Account Closure Charges are Rs 25 per instruction. Similarly, charges like Physical Document Charges also exist here.
Users are required to take care of every charge that’s unexpected or unwelcome. Moreover, it is also worth noting that not all charges are mandated to be paid by every user for trading.
Only in a specific condition are these charges imposed; otherwise, NO.
Espresso Regulatory & Government Charges
| Segments | Charges |
| SEBI Turnover Charges | Rs 10/crore (Rs 5/crore till 31/03/21) |
| STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell-side (Non-Agri) Commodity Options: 0.05% on sell-side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell-side |
| Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
GST and SEBI charges are the acronyms of Regulatory and Government charges in India. Goods and Services Tax at the rate of 18% is charged by the government of the nation for every relevant and eligible brokerage condition.
Similarly, SEBI Turnover charges Rs 10, and Rs 5 per crore value comes under Regulatory charges. STT and Stamp duty is also covered under regulatory powers.
And it’s worth noting that you have no right to deny these charges, as they are automatically deducted or included in the charges’ sides of the receipt. Not complying with these charges and taxes will be subject to an illegal act.
Espresso Charges – Conclusion
No doubt, it is free to open a Demat and trading account here but there are some mandatory Espresso charges that one needs to align with.
After one year, traders need to pay some maintenance charges. The Espresso Demat charges are Rs. 400 per year. Furthermore, the traders need to also comply with other charges including STT and GST.
FAQs on MyEspresso Brokerage Charges
Here are various FAQs on MyEspresso Brokerage Charges –
Does Espresso Charge Brokerage?
Yes, Espresso charges brokerage under the company’s business structure. Being a full-service broker, it levies percentage-based charges. Traders need to check all the charges while choosing a broker.
What is the Intraday Brokerage of Espresso?
The intraday brokerage for Espresso is 0.03% on the buy and sell side, or they need to pay Rs.20 per order.
What are Sharekhan Espresso Brokerage Charges?
The brokerage charges differ for all segments, so traders need to check them before investing.
What Other Charges were levied by Espresso?
Not only brokerage, but the traders also need to pay for other charges once they start trading here. There are various charges available here like GST, STT, account-related, and margin funding charges.
Is Espresso a discount broker?
Espresso isn’t a discount broker; it is ideally a full-service broker. They provide various investment options.
Does Espresso One broker have Free Delivery?
No, the broker doesn’t offer free delivery perks to its traders. But the best part about trading here is that traders don’t need to break their banks. For any segment, traders need to pay around Rs. 20 per order.
How much does Espresso Charge for Options?
Be it equity or options, the charges aren’t likely to change. All it means is that traders need to pay Rs. 20 per lot.
What are Espresso Transaction Charges?
Espresso Transaction charges aren’t the same. Equity Deliver orders are charged by 0.00325% (NSE) and 0.00275% (BSE). Equity delivery orders also have a similar charges structure, except for Equity futures that invite 0.0019% charges and 0.05% for equity options (on premium).
What is the Demat AMC in Espresso?
When it comes to AMC under Espresso, the traders need to pay Rs. 400 as AMC. Traders need to check it because there is also a possibility of waving the charges.
Is Espresso Brokerage Free?
The brokerage isn’t free for securities under Espresso. Traders need to pay all the charges if they choose to trade here.
Does Espresso charge monthly?
No. Espresso doesn’t charge monthly. The broker has a particular set of commissions charged from traders against numerous trading activities they carry out at Espresso.
What are Espresso brokerage charges?
Espresso Brokerage charges are Rs 20 for every margin order in Equity Delivery trading. Intraday trading also follows a similar charges pattern to some extent. Similarly, the rest of the assets are also subjected to similar charges. A few assets may have a small change in the brokerage structure.
What are Espresso intraday charges?
Espresso Intraday charges are Rs 20 per executed order or 0.03%. However, no charges are levied if a user makes a loss, even if it is a square of a loss.
What are Espresso delivery charges?
Espresso Delivery charges are Rs 20 for every margin order or 0.1%. Cash-and-carry orders can be placed without brokerage stress. The broker follows a zero brokerage policy on delivery orders.
How is Espresso brokerage calculated?
Espresso Brokerage is a calculation of numerous assets, services from the broker, and expenses made on each. Thus the ultimate amount decided by the broker for brokerage charges comes to light.
What makes Espresso Sharekhan different from the competition?
The thing that sets Espresso Sharekhan different from the competition is its brokerage charges. Brokerage is free on equity delivery orders. At the same time, the rest of the assets you see on the trading platform has small fees attached.
Does Espresso allow IPO?
Yes. Investors looking for some great IPO investments can see many opportunities at Espresso. Initial Public Offering is the core speciality of the broker. Thus feel free to invest in any best start-up, unicorn, or budding company that’s expected to become profitable.
What is espresso trading?
Espresso Trading is a trading service offered by one of the biggest broke in the industry Espresso. You can use a trading platform that caters to the dynamic requirements of traders in the industry.
What are the opening account charges at Espresso?
Account opening charges at Espresso don’t exist. The broker charges ZERO amount from traders or investors visiting for the first time at Espresso to give their trading career a spin. So whenever you are free, visit Espresso, which allows you to start trading for free. However, charges on trades must be noted from onwards.
What leverage is offered at Espresso?
Espresso users can reap the benefit of leverage by up to 5 times on available margin.
What is the AMC or Annual Maintenance Charges for Espresso?
AMC or Annual Maintenance Charges of Espresso are Rs 400/year. Moreover, GST is to be paid extra. Hence, you can calculate the overall charge amount likely to arrive by the end of the year.
What are auto square-off charges?
There is no Auto Square Off charges at Espresso. Users will be charged for nothing if they forget to close their position by the end of the trading day.
How to download the Espresso app?
You can download the Espresso app from the Google Play store and Apple App Store. Link to the mobile applications is available at the broker’s official site too.
Does Espresso offer Call & Trade?
Yes. Espresso offers Dial-N-Trade services.
Is Espresso available for PC?
Yes. PC users can access espresso web trading platforms.
Open Demat Account with Espresso – Fill up the form below
