Espresso Review, Brokerage Charges, Demat A/C, Trading Platforms & moreLast Updated Date: Jan 16, 2023
Espresso or MyEspresso is a new discount broker in the market from Sharekhan. Discount Broking has been rocking the charts ever since it has entered the Indian market.
From the introduction of new players in this arena to shapeshifting an entire business to meet market needs, these companies have grown up.
Espresso is one such example of discount broking that Sharekhan launches.
Sharekhan is an old player and is one of the renowned companies in the share market arena. This Espresso review will get you to know more about the structure.
You will get to see the MyEspresso review here, along with its features, advantages, disadvantages, account opening guide, customer rating, and different segments they have for the customers.
Let us take a look at Sharekhan Espresso in detail.
Table of Contents
- Rating & Review
- Brokerage Charges
- Other Charges
- Account Opening Charges
- Account Opening Process
- Products & Services
- Research & Tips
- Trading Platforms & Apps
- Customer Care
- Open an Account with Espresso Now!
Espresso Ratings & Review by Top10StockBroker
|Experience||8.8 / 10|
|Trading Platform||8.5 / 10|
|Product & Services||8.8 / 10|
|Brokerage Charges||9.0 / 10|
|Research||8.0 / 10|
|Overall Rating||8.10 / 10|
With innovative products and high technical efficacy, Espresso is no less than any other stockbroker. It has a nice user base, and people are happy with how they provide their services. With that being said, Espresso reviews and rating tells it all.
As per customer ratings from renowned review platforms, Sharekhan Espresso gets an overall rating of 8.10 points out of 10 points which is quite good in the Indian share market arena and means they are providing what they have been promising.
As per user experience, they get 8.8 out of 10. Their trading platform gets 8.5 out of 10, whereas they get 8.8 out of 10 for other products and services that they provide.
Their brokerage charges are very competitive, so maximum people have voted 9.0 points out of 10 for this section. In the research area, they have 8.0 out of 10.
If you go for the star rating, they have a full 5 stars, making them highly reliable and the Best Broker in India. The above data is based on 2486 customer reviews.
|Company Type||Private Limited|
|Broker Type||Discount Broker|
|Founder||R Kalyanaraman Iyer|
Espresso is a discount brokerage service provider launched by Sharekhan as a completely separate entity.
Espresso started its venture in September 2020 and has grown rapidly. The thing that makes it more reliable is that Sharekhan has launched it.
They have a website in the name of MyEspresso, which is a web trading platform. They have apps based on operating systems and types of devices.
The company runs on a Pay when you profit model or PWYP, and their trading platform is tried and tested numerous times by expert traders and investors before the final launch.
It is a private limited company based out of Mumbai, India. The founder and CEO is R Kalyanaraman Iyer.
Open Demat Account with Espresso – Fill up the Form Now!
Espresso Brokerage Charges – Espresso Profit Only Plan
|Brokerage Charges||Basic Plan|
|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 for every executed 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 for every executed 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 for every executed 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|
|Demat AMC Charges||Rs 400/year + GST charged quarterly|
|Trading AMC Charges||Rs.0|
|Buyback, OFS and NFO||Rs 20 per order + GST|
Brokerage is the key point to making profits when it comes to brokerage services because if you pay brokerage with zero profit, you are losing money on two ends.
However, in MyEspresso, it is completely different as they charge brokerage only on the deals where you will profit.
Sharekhan Espresso brokerage charges are fixed at Rs 20 or 0.01% of invested amount for every successful trade.
For a detailed calculation of brokerage & other charges, check out our Espresso Brokerage Calculator.
Profit only Plan by Espresso
They charge zero brokerage for equity delivery trading on full cash and carry orders but a 0.1% charge or Rs 20 brokerage for equity delivery trading on margin orders.
For equity intra-day trading, Equity futures trading, and equity options trading, they charge a brokerage of Rs 20 or 0.03% for every executed order; however, in case of loss, there is no brokerage.
They also have currency futures trading, currency options trading, commodity futures, and commodity options trading. They charge Rs 20 or 0.03% as a brokerage; however, they omit the brokerage and charge for the squared-off deals with a loss.
There are Demat account charges on a per-year basis of Rs 400, along with GST, which is charged quarterly.
There are no trading AMC charges. For OFS, NFO, and Buyback, there is a flat brokerage of Rs 20 per order along with separately charged GST. They have a brokerage calculator which you can utilize to calculate your investments.
Espresso has a package for its customers to pay a lump sum amount and get brokerage at a discounted price.
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Sharekhan Espresso Charges – Charges other than Brokerage
As can be clearly gathered from the chart that has been tactically mentioned above, Espresso does impose a number of relevant charges other than the usual brokerage from its registered traders and investors.
|SEBI Turnover Charges||Rs 10/crore (Rs 5/crore till 31/03/21)|
|STT||0.1% on buy and sell sides|
|0.025% on the sell side on the avg. rate of buy and sell|
|0.01% on the sell side|
|0.05% on the sell side (on premium)|
0.125% on the exercised trade (on premium)
|0.01% on sell side (non-Agri)|
|0.05% on the sell side|
|Stamp Duty||0.0001% – 0.003%|
|GST||18% on (brokerage + transaction charges)|
|Margin Funding Charges||75% Margin|
|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|
As can be gathered from the chart that has been tactically mentioned above, Espresso does impose several relevant charges other than the usual brokerage from its registered traders and investors.
Espresso charges brokerage based on some other factors as well, and thus Espresso brokerage is not limited to only trade-in and trade-out deliveries.
MyEspresso has SEBI turnover charges which are Rs 10 on every crore invested.
The same charge was previously charged as Rs 5 on every crore invested through the trading platform, but it changed to what it is now after 31/03/2021.
Securities Transaction charges or STT is 0.025% for an average buy and sell rate on the sell-side.
The same premium on the sell-side is 0.05% and 0.125% on exercised trade. For non-agricultural transactions, it is 0.01% on the sell-side.
There is a stamp duty of 0.0001%, which can go up to 0.003%. GST is extra as per India’s tax norms, which is 18% of brokerage and transaction charges.
Other than all the charges, there are a few other charges like reactivation, Rs 20 per instruction, and account closure, which is RS 25 per instruction. In contrast, the dematerialization charge is Rs 50 per certificate.
For pledge creation, they charge Rs 50 per ISIN for BSDA clients, and it is Rs 20 per ISIN. The pledge invocation charge is Rs 50 per ISIN for BSDA clients and Rs 20 per ISIN.
The Margin pledge, Margin Unpledged, and pledge closure charges are Rs 20 per ISIN and Rs 50 for BSDA clients.
To repledge the margin, you have to spend Rs 20 per ISIN Rs 50 for BSDA clients.
More on MyEspresso other Charges
Depository Participant (DP) Charges for Sell Delivery – Expresso does not charge for equity delivery. And sell delivery charges by this stock broker is Rs. Rs 13.5 + GST per scrip. This sum is debited from the trading account where the security is sold.
Physical Document Charges – Physical Documents include summaries like ledger statements, Contract Notes, and CP Client Master Forms. The charge is dependent on the number of pages. If pages are up to 10, it will charge Rs. 100 and if more than 10, then charge be Rs. 250.
Payment Gateway Charges – Expresso gives leverage on several banks, including Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank. If the transfer is with these banks, no charges will be levied. UPI will also be free of charge.
In the case of other banks, the charges will be Rs. 9.
To know in detail, just click on this link Espresso Brokerage & Other Charges.
Compare Espresso with Other Brokers
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Espresso Demat Account Opening Fees
|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|
You don’t have to pay any amount to open a Demat account. The Espresso account opening charges are zero; however, the Demat Annual maintenance charges or MyEspresso AMC are Rs 400/ year, and GST is to be paid extra.
The Trading Annual Maintenance charge and the Demat charges are zero, which means you only have to pay Rs 400 for the Demat account annual maintenance; apart from this, there are no opening account charges involved with Sharekhan Espresso broking house.
There is no requirement of Margin Money while opening an account with them.
To know in detail, just click on this link Espresso Demat Account.
|Free Demat Account||Yes|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||No|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||Yes|
Espresso is a heads up for numerous reasons. Its unique offerings differentiate it with the competitors. It offers a free Demat account and trading account to all registered users upon KYC verification.
One of the fascinating features of this broking house is that it charges brokerage only if you make a profit on a deal.
This means if you make a deal and do not make a profit on it, they will not charge any brokerage, therefore zero brokerage on loss-making trades.
With facilities like holiday offers and no brokerage on losses for its customers, Espresso has win many hearts and become one of the Best Discount Broker in India . They, however, do not have anyone monthly free trials or trading happy hours, which other top brokers are providing.
0 brokerage on loss-making trades – Expresso does not charge any sum from its customers for the loss-making trades. It only charges one side of the trade, i.e., buy or sale, as it was a loss trade.
Nil delivery brokerage – Investors can buy, sell and trade on the Expresso platform, and no brokerage will be charged on same for delivery trades. Also, even for intraday trades, the charges are Rs. 20 or 0.01%, whichever is lower.
Leverage products – Expresso has introduced Exchange Margin Funding (EMF) in its product portfolio, which offers high leverage, up to 3x.
Pay only when you profit – Sharekhan backed Expresso mainly aims at promoting and supporting investors, increasing their confidence, and helping them grow. And in an attempt towards their motive, Expresso adopted Pay only when you profit model where it does not charge for loss-making trades and brokerage free trading for delivery trades.
Open Free Account – You can open free trading and Demat account with Expresso and take advantage of various offers and facilities offered by Expresso. With the free account, you also get a one-year MoneyFlix subscription-free along with other benefits.
Referral Programs – Expresso also offers referral offers where you can win rewards by referring through code and link to your family and friends.
How to open a Demat account with Espresso?
Opening a Sharekhan Espresso Demat account is easier, and everything about opening an Espresso account has been listed on their website.
Here we have simplified the process for you to understand it better. Let’s check out the account opening process in detail.
- Click on the green “Open Demat Account” button at the bottom of the screen
- Next, you will see a form where you need to put your name, mobile number & city and click on the “Submit.”
- In the next step, you will receive a call from the espresso executive. He/she will share a link with you.
- This link will have Espresso online account opening, where you need to fill-up the form with your details.
- Next, you have to upload your documents for KYC verification, and on successful verification, your trading account and Demat account details will be handed over to you via email.
- Use the credentials to login to your Espresso Accounts.
Open Demat Account with Espresso – Fill up the Form Now!
Why Open MyEspresso Trading account?
There are lots of reasons as to why you should go for an MyEspresso trading account while there are other players in the market.
Here we have filtered out the top reasons as to why you should open an Espresso account.
Watch lists here are synchronized
You can view all your watch lists from different platforms without creating separate watch lists for separate platforms and devices.
The watch list that you create from one device can be viewed from any other device where you have logged in with your credentials. They also allow a total of 100 scribs on watch lists.
Real time alert tool
With an Espresso account, you will get instant notifications and alerts on prices, actions, and stocks that can be customized according to your needs.
You don’t have to be on the app 24×7 to stay updated, as any anomaly will be alerted to your promptly.
Free charting tools and other tools
You will get free market scanning tools and can place orders quickly with ease.
They have simplified the ordering window as every bit of information will be presented to you on the same screen, and thus you can place an order in a few clicks.
Since they are tied up with more than 50 banks in India, the payment time also decreases.
You can scroll your chartbook in one click and view multiple technical charts. These charts come with multiple time-frames.
Espresso Products & Services
Here is the list of Products & Services offered by Espresso:
Sharekhan Espresso Products
If you compare with the trading market, products and services provided by other top brokers are similar to that of Espresso products, which is why this is a competitive platform.
You can also do SIP with the help of their web trading platforms. Espresso products and services are top-notch and give high competition to competitors.
Apart from these, they have interactive charting tools and other essential tools that help you to trade better.
Some of them are interactive charts, research reports, Global indices, stock tips, personalized Advisory, portfolio details, live market updates, and much more.
They let you manage multiple accounts from the same trading platform.
Sharekhan Espresso Services
|3 in 1 Account||No|
|Trading Exposure||Upto 5x|
If you look at the Espresso services, you will find that they have all the key services that most of the top trading companies in India provide.
They have the usual Demat and trading services along with intraday services.
When you register in MyEspresso, you will get a multi-account management feature for all your trading needs and which you can control from any device.
There is synchronization in every device where you have logged in with your credentials, and thus if you left something in the middle of a device, you could resume it from another device.
They have a stock recommendation feature and trading institution as well. The trading exposure is up to 5 times.
Other Major Services
Espresso has other major services like Espresso dial-n-trade, trading over a phone call, and MyEspresso trade booster program, a 7-days program to teach you everything about trading.
Let us take a look at these features in details
Espresso Dial-n-trade is an amazing feature powered by Espresso for people who cannot access the internet.
With this feature, you will make trades over phone calls. The feature is accessible from any part of India and is highly secured.
The order placement consists of 3 steps, and there is no limit on the trades you makeover phone calls using Espresso Dial-n-trade.
The feature is highly profitable for those traveling who do not have access to the internet and are thus unable to use the platforms.
Espresso Trade Booster Program
The Espresso trade booster program is an essential program powered by Sharekhan espresso for newbie traders.
The program ensures that the newbie traders know everything before they invest, which minimizes the risk of losing money.
The course is a 7-day program and is designed by Sharekhan education.
On Day 1 of the program, you will get an overview of the trading market along with the trading platform and the tools included.
Day 2 of the program, you will learn about Advanced charting teaching about candlesticks.
On Day 3, you will learn about support, resistance, and trend analysis. On Day 4, you will learn about Indices, and on Day 5, you will get to know more about advanced trading strategies like leveraging trading tools to create excellent trading strategies.
Day 6 of the program, they will work with you to make an effective strategy that you can use to kick start trading.
On Day 7, you will be explained about Risk management and position sizing. Thus by completing the 7-day program, you will master the art of trading.
Espresso Referral Program
Espresso has a referral program where you can earn 15% in commission of the brokerage for one year for your referral.
When you sign up for the Espresso referral program, you are entitled to an affiliate account and a unique code through which you can track your referrals.
The payment gets processed every 10th of the next month. Suppose you have your referral registered for an account on September 2021, then your commission will get credited to your account on October 2021.
On the other hand, your referral will also benefit from zero opening account charges, zero brokerage on delivery of trades, and paying brokerage only on profitable trades.
Getting an affiliate account is easy as you need to go to the affiliate page and type in your mobile number, which will generate an account for you and a unique referral link that you can share to get going.
You need to keep in mind that the mobile number you will use for registering to the affiliate zone is the same number you have to register for a Sharekhan espresso account.
Unique pricing – With the unique pricing model, Expresso offers no charge on loss-making trades and provides a trade booster plan for its investors to better understand the stock market.
Calculator – Expresso provides the feature of calculators so that the investors can accumulate the profitability and worthiness of their investment, and it also helps in making investment decisions.
MyEspresso Research, Advisory & Stock Tips
|Research & Advisory|
|Company Stock Review||Yes|
|Free Stock Advisory||Yes|
|Daily Market Review||Yes|
The Discount broker provides research tips and Advisory, which is highly beneficial for the users.
Espresso Advisory and tips include free stock advisory, top picks, offline Advisory, and daily market review. They also provide IPO reports, top picks, weekly reports, and monthly reports.
They have a dedicated relationship manager or account manager who will attend to your issues and needs regarding the platform.
Dynamic Alert Tool – Nowadays, websites and other application-based platforms provide price alerts and stock alerts.
Expresso went a step ahead and offered real-time dynamic alert tools based on multiple factors which can influence your drive for the stocks.
Real-Time Market Scanning – For a more conscious and informed decision, it is inevitable to undertake Research, and when you have Expresso, you don’t have to worry about the Research.
Expresso does all the real-time market scanning for you and offers the best stocks on its platforms.
How to Invest in IPO with Sharekhan Espresso?
Sharekhan Espresso features IPO offerings through their mobile platform, which can be achieved using a few clicks. Let us take a look at the process.
- Login to espresso account on your mobile devices through the MyEspresso app
- Tap on the burger menu or three lines on the top left corner
- There you will find the “E-apply” option. Click on it
- Next, you will be taken to the IPO window, where you can see the current IPO and a list of active IPOs. Select the one you desire and proceed
- You will have a form to fill up with details regarding the IPO, like the amount and price on the next screen. After filling the form, press “Place Order” and then confirm your order on the next screen after checking the information you have filled up
- Next, you have to authenticate the bid amount via the UPI mandate of your choice
- Upon successful application, you will receive an SMS on your registered mobile number requiring authentication
- Next, go to the UPI app you have chosen and complete the transaction to successfully apply for the IPO.
Also, check out Upcoming IPO.
Espresso Exposure or Leverage
|Exposure / Leverage|
If we look at Espresso’s margin, exposure and leverage, they have a very high margin.
The exposure/leverage is five times for equity delivery and Intraday. The same for equity futures and equity options is just one time.
They also have currency futures and currency options, where the margin is one time. The same can be said for commodities future and commodities options as well.
They also have a margin calculator, which will help you calculate the margin before you purchase stocks with margin.
How to transfer shares in Espresso from other Stock Brokers?
Want to take advantage of all the features offered by Expresso open Trading-cum-Demat account, or you can also transfer your shares from your existing stockbroker. You can choose the manual method or do it online to transfer your shares.
- Firstly, you will need to submit a Delivery Instruction Slip (DIS) filled and signed by the account holder. The details required to be filled in are DP Name, DP ID, Client ID, and security details.
- For more than three securities transfers, annexures should be updated in the right format.
- Submit the DIS with the Depository participant, and further, it will be transferred to Depository i.e. CDSL or NSDL
- After the transfer, shares will be reflected in the new Demat account.
Espresso Trading Platforms
Like all full-service broker MyEspresso also provides trading platforms for all devices & browsers. Let’s review its trading platforms.
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||Yes|
Espresso trading platform supports almost all of the operating systems used by the general public.
The desktop platform is built for Windows and Mac users. However, you can also access the desktop platform using web browsers.
The mobile site platform is supported on Android and iOS platforms, and you can avail yourself of the apps from their respective app stores.
The trading platform helps you get real-time updates regarding the latest market news, your account, and reminders.
The platform can provide you with portfolio details, Newsflashes, research reports, personalized Advisory, Global indices, stock tips, interactive charts, live market updates, and multi-account management features.
You can buy Monetary Funds with the help of their platform, and it is quite easy to install the application on your devices. You can set SMS or Email alerts as per your needs.
Sharekhan Espresso App
Espresso has a mobile app, which can be downloaded from the Google play store if you are an Android user.
You can download their app from the app store if you are using Apple devices. The Espresso has been designed and tested by expert traders.
The Espresso Mobile App comes with a voice-based searching tool which makes it much easier to navigate throughout the platform.
The app has a friendly user interface that helps you achieve your targets in fewer clicks. Their bottom shortcut bar helps you in faster navigation throughout the app.
The watchlists are well synchronized across devices and also you can add 100 scribs to your watchlists.
A notification system is brilliant as it pings you up with the latest updates as soon as they happen. Order window has all the necessary options which make it.
MyEspresso Web Trading
Espresso’s web trading platform is much faster, reliable, and flexible. This is an alternative to the Desktop app and mobile app.
To utilize this platform, you only need a browser to type myespresso.com and log in with your credentials. The web-based platform has all the desktop and mobile apps’ features.
Additionally, the web trading platform features custom landing pages, tax reports, single-page stock screening, and much more.
You will also get Pay when you profit reports, portfolio reports, and end-of-day reports here, along with free GTD orders.
You can build multiple watchlists and sync across your other devices using this platform. The only issue with the web trading platform is that you need to log in to the platform every time you close your web browser.
Espresso binge is the exclusive desktop-only platform for the users comfortable using the platform on their PCs.
This desktop platform provides real-time feeds, experience class charts, market scanners, and many more other tools which make your trading experience smooth.
They have provided advanced market watch tools to help with data visualization and strategy making. Now you can view various data points at one go.
You can create indices heat map and script in one click. The watch list that you get in espresso binge is very simple to use and is hassle-free.
The price in the watch list gets updated as it happens, and you can also get real-time price-based signals.
Now you can track between highs and lows of the past 52 weeks and check the performance of stocks in different time frames. The order window is quick and hassle-free and lets you place the order in just a few clicks.
You can customize the top menu bar and update your real-time feed across all segments in no time. You will also have the ability to operate six charts with one click.
Apart from the desktop platforms, mobile platforms, and web trading platforms, they have other trading platforms indirectly linked to trading.
One of them is the moneyFLIX, and the other is espressology.
Espresso Moneyflix is the platform where you get to watch financial movies. These movies are different than mainstream movies but have a touch of investments and finance.
Generally, these movies are shorter than mainstream movies but have huge financial knowledge.
Moneyflix is the financial movies platform, and basically, you can call it the Netflix of finance. The platform enables you to understand concepts of trading through moving pictures.
This is the OTT learning platform where they present your information in storytelling and acting.
Moneyflix is a mobile application and can be procured from the Google Playstore. They are planning to launch the iOS version of Moneyflix very soon.
Visit top broking house official websites. You will find out that they have a separate section dedicated only to blog posts which consist of various writings related to the platform and trading market.
Espressology is one such platform for Espresso where you can find interesting content about Espresso.
They provide details of market news and detailed information about their platform. You will also learn about tips, tricks, and other beneficial ways regarding trading through this platform.
Espresso mobile app – Investors can access all the fascinating features of Expresso on their Mobile phones. A light-weighted, fast and innovative application made to cater to all your trading and investing requirements.
Web platform – Access expresso from their website, www.myespresso.com. The website offers all major tools, resources, indicators, research opportunities an investor requires for making fruitful investment decisions.
Espresso Customer Support
The table has been presented to explain every sort of support being provided by the customer care section of Espresso.
|Support Number||Fill up the Form|
Espresso support is prompt and to the mark and covers various areas. They have a dedicated dealer for new users who helps in onboarding and helping clients understand the tools.
They have support for online trading where you will have all your issues resolved. The broker provides support to their customers 24×7.
They do not have a phone number or contact details; rather, they have a contact form that can be used to generate tickets, and you will be contacted at the earliest.
This Discount broker has the usual email support to resolve issues. They have a total of 153 branches across India serving customers with their excellent support services.
Espresso Complaints & Feedback
|Complaints (Current Year)|
|Lodged in BSE||104|
|Resolved in BSE||104|
|Lodged in NSE||132|
|Resolved in NSE||132|
Espresso complaints and espresso feedback can be registered in BSE and NSE, and apart from that, you can also report discrepancies through Google platforms which will help other customers.
As of now, there are 104 espresso complaints lodged with BSE. Out of these 104 complaints registered with BSE, all 104 complaints have been resolved.
Also, there are 132 complaints, including feedbacks registered with NSE, out of which Espresso has resolved all 132 cases.
Sharekhan Espresso Disadvantages
Although Espresso seems to be a top-notch broking house like other broking houses, it too has some disadvantages. Let us look at the espresso disadvantages you can face while trading.
- Sharekhan Espresso keeps changing their AMC without advanced notices, as claimed by some users. Changing bank accounts can be tedious at times.
- The user interface seems less user-friendly, and withdrawal takes a lot of time to process.
- The app is pretty slow while loading as compared to other broking houses, and support executives are not so cooperative at times.
- Account opening procedure is usually fast, but sometimes they delay sending credentials to their registered users.
Espresso is a subsidiary of the famous broking house Sharekhan, one of the top 10 brokers in India, which helps gain the much-needed trust of the customers.
This is a discount broking platform that provides utmost care to the customers’ decision-making.
Their unique “pay on profit-making trade” feature gives a huge sense of relief to the customers such that if a customer makes trade and ends up losing money, they will not charge brokerage on this particular trade.
The espresso review laid to you will clear all your doubts regarding the espresso trading platform.
Espresso Review FAQs
Here is the list of FAQs on MyEspresso Discount Broker –
Is Espresso Safe for Trading?
Espresso is a subsidiary of Share khan, one of the top 10 brokers providing its service to customers across India for the last 30 years. Thus it is safe and reliable for trading in India.
What is the Brokerage for Espresso?
The Brokerage for Espresso is Rs 20 per delivery; however, if you don’t earn a profit on a trade, they will not charge and brokerage on that particular trade. This is the Pay when you profit model of Espresso.
How to Open MyEspresso Demat Account?
Opening an Espresso DEMAT account is very easy. You need to visit Espresso’s official website and fill up the registration form thereupon.
Next, you will have to upload documents for KYC verification, and once the verification process is complete, you will receive the login credentials on your email id.
Can I invest in IPO via Espresso?
Yes, you can Invest in IPO via Sharekhan Espresso only if there is an active IPO offering listed in the IPO section of the mobile app.
What leverage does Espresso provide?
Espresso provides five times leverage for equity delivery and equity intraday, while for other products, it is just 1.
Does Espresso have a trading app?
Yes, Espresso has a trading app dedicated to mobile devices. The app can be acquired from the Google play store for android devices and the App Store for iOS devices.
How to contact Espresso Support?
If you are contacting Espresso support for the first time, you will have to contact them via the contact form given in the contact us section of their website.
The subsequent process will be conducted via email, and also they may reach out to you over a phone call.
Does Espresso provide Research?
Yes, Espresso provides research and research tools to better understand market trends.
MyEspresso research includes fundamental reports, company reports, research reports, company stock reviews, and annual reports.
Is Espresso good for Beginners?
Yes, Espresso is good for beginners as you will learn a lot from their platforms where they train newbie clients to trade properly.
They have a separate platform where they showcase financial movies, which go by Moneyflix. This platform is highly useful for newbie users and is an interactive way of learning.
Who founded Espresso?
Espresso is a subsidiary of Share Khan Private limited. It was founded by R Kalyanaraman Iyer, who happens to be the company’s CEO as well.