Sharekhan Espresso Review

Category: Reviews | Author: Trading Brokers | Date: September 22, 2023

Introducing Sharekhan Espresso, an Indian brokerage firm renowned for its comprehensive online trading services across an extensive spectrum of financial products. As a frontrunner in the Indian stockbroking landscape, Sharekhan Espresso offers a diverse array of financial services encompassing online trading, in-depth research and analysis, proficient portfolio management, mutual fund solutions, and an array of other offerings. In this comprehensive review, we will delve into various facets of Sharekhan Espresso, shedding light on critical aspects such as regulatory compliance, the array of platforms and tools available, educational resources, accessible markets, account options, and funding avenues.

Pros & Cons

  • Low brokerage rates, including zero brokerage for equity delivery trades and flat Rs 20 per trade for intraday and F&O trades
  • Range of platforms, including a mobile app, web platform, and desktop platform
  • Research and insights, including research reports, market insights, and trading ideas
  • Trading tools, including a margin calculator, trading ideas, market watch, and trading strategies
  • Sharekhan Espresso allows you to create customizable watchlists, making it easier to track your favorite stocks and monitor their performance
  • Limited customer support, with reports of slow response times and unhelpful representatives
  • Sharekhan Espresso has higher brokerage charges compared to other brokers in India
  • The platform has higher margin requirements

Summary

Sharekhan Espresso Review

Sharekhan Espresso Review

Sharekhan Espresso is an Indian brokerage that offers a comprehensive range of online trading services, covering a diverse array of financial products. As a prominent player in India’s stockbroking landscape, it provides a wide spectrum of financial offerings, including online trading, research and analysis, portfolio management, and mutual funds, all under the vigilant regulatory oversight of the Securities and Exchange Board of India (SEBI). Sharekhan Espresso ensures a user-friendly trading experience through its Espresso Mobile App, facilitating on-the-go access to real-time market data, advanced charting tools, and seamless order execution. To bolster traders’ knowledge and expertise, the brokerage offers a rich repository of educational resources, including articles, tutorials, webinars, and seminars, accessible via their website or mobile app. With an array of tradable instruments, flexible account options, and diverse funding methods, Sharekhan Espresso empowers traders and investors to navigate India’s dynamic financial markets with confidence and convenience.

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Regulation

Sharekhan Espresso is regulated by the Securities and Exchange Board of India (SEBI). As a regulated broker, Sharekhan Espresso is required to comply with various rules and regulations set by SEBI, including those related to capital adequacy, risk management, and investor protection. Sharekhan Espresso is registered with the following regulatory authorities: BSE / NSE (Cash / F&O / CD) / MCX – Commodity under the registration code INZ00004133. It also holds the Corporate Identification Number (CIN) U65100MH2015PTC269036, operates as a Depository Participant (DP) with the code CDSL-DP-451-2020, and maintains memberships with NSE, BSE, and MCX under the respective Member IDs 90194, 6732, and 55400. If you’re considering alternative options, it’s advisable to explore a list of regulated brokers for additional choices in accordance with your preferences and requirements.

Platforms & Tools

Sharekhan Espresso takes trading convenience to the next level through its trading platforms, meticulously designed to cater to traders’ dynamic needs. Sharekhan Espresso provides three different platforms for its customers to access the market and execute their trades:

  • Espresso Mobile App: This is a mobile trading app that allows customers to trade from anywhere and anytime using their smartphones. The app has a user-friendly interface and a fast order execution process. The app also provides live market quotes, advanced charts, multiple watchlists, single click order placements, and more. The app supports trading in stocks, commodities, and currency
Sharekhan Espresso Mobile App

Sharekhan Espresso Mobile App

  • Myespresso Web Platform: This is a web-based trading platform that can be accessed from any browser and device. The web platform has a sleek design and a dynamic alert tool that notifies customers about the market movements and events that may affect their stock prices.
    Myespresso Web Platform

    Myespresso Web Platform

    The web platform also provides heat maps, customizable watchlists, support-resistance levels, and more. The web platform supports trading in all segments and products.

  • Binge Desktop Platform: This is a desktop trading platform that can be downloaded and installed on the customers’ computers. The desktop platform has a powerful performance and a comprehensive charting tool that offers multiple timeframes, views, and indicators.
    Binge Desktop Platform

    Binge Desktop Platform

    The desktop platform also provides scanners, bracket orders, and more. The desktop platform supports trading in all segments and products

Sharekhan Espresso also offers a range of tools and services to help customers learn and improve their trading and investing skills. Some of these are:

  • Margin Calculator: Espresso offers a margin calculator that allows users to calculate the margin required for their trades.
  • Trading Ideas: Espresso offers trading ideas based on technical analysis and market trends.
  • Market Watch: Espresso offers a market watch feature that allows users to track the performance of stocks, commodities, and currencies in real time.
  • TradeTiger: TradeTiger is an advanced online desktop trading platform offered by Sharekhan. It offers features such as real-time streaming quotes, advanced charting tools, live news feeds, and access to proprietary research

Education

Sharekhan Espresso places a strong emphasis on education, offering a diverse array of learning materials to empower its users. Among these resources are insightful articles, comprehensive courses, and informative videos. One such offering is the free “Bootcamp” course, strategically crafted to facilitate hands-on learning and practical application in the complex world of the stock market. This educational gem is accessible in both Hindi and English, ensuring inclusivity and accessibility for a broader audience.

Furthermore, Sharekhan Espresso extends its commitment to knowledge enrichment by providing a robust selection of educational materials, including articles, tutorials, engaging webinars, and informative seminars. These valuable resources serve as a knowledge reservoir, enabling traders to enhance their expertise and refine their skills. Whether users prefer to delve into these materials via the Sharekhan Espresso website or their mobile app, the wealth of information remains readily available to bolster their trading acumen.

Markets

Sharekhan Espresso emerges as a formidable force in the trading arena, where a vast expanse of tradable instruments awaits the discerning trader. This dynamic platform opens doors to a panoramic array of investment avenues, leaving no stone unturned when it comes to market exploration. Within this treasure trove of opportunities lie the renowned equities, promising substantial growth potential; equity derivatives, where financial strategies come to life; currency pairs, offering an entrée into the captivating realm of forex; and the tangible allure of commodities, where the likes of gold, silver, and crude oil beckon. Sharekhan Espresso’s expansive offering serves as an expansive canvas for traders to chart their financial journeys, diversify their portfolios, and embark on a quest for financial success, all within the vibrant tapestry of global markets.

Accounts

Sharekhan Espresso, known for its versatility and commitment to serving diverse investor needs, offers a range of account types to cater to a wide spectrum of trading preferences. These meticulously crafted account options include:

  • Demat Account: A demat account is a place where you hold or store the shares and securities in their electronic format. Opening a demat account is necessary to trade in the stock market.
  • Trading Account: A trading account is used to buy and sell securities in the stock market. It is a basic account that allows the user to trade in stocks, commodities, and currencies.
  • 3-in-1 Account: Sharekhan offers a 3-in-1 account that comprises a trading and a demat account from Sharekhan and a savings account from Axis, IDBI, IndusInd, or Sharekhan banks. This account is available for NRIs, PIOs, and OCIs and allows them to trade in equities and equity derivatives, invest in IPOs, Mutual Funds, NCDs, and Corporate FDs

Moreover, Sharekhan Espresso’s approach to brokerage is equally noteworthy. The platform imposes a flat brokerage fee of Rs 20 per order for intraday trades across all segments, encompassing Equity, Futures, and Options (F&O), Commodity, and Currency trading. What sets Sharekhan Espresso apart is its innovative proposition, where traders are charged only when they profit, making it an attractive option for traders seeking cost-effective solutions. Additionally, the platform offers zero delivery brokerage for added convenience.

Funding

Espresso provides a wide range of payment options to cater to the diverse needs of its users, making it convenient to fund trading accounts and pay for events. These options include Credit Card payments, securely processed through Stripe, as well as PayPal and Amazon Pay for added flexibility. For those who prefer traditional banking methods, Espresso supports Bank Transfers using payment gateways such as IMPS and NEFT, ensuring a seamless transfer from bank accounts to trading accounts. Additionally, UPI payments are also accepted for swift and straightforward fund transfers. To further enhance user experience, Espresso offers the Payment Methods Pro-add-on, empowering users to create and link different merchant accounts to specific events. This feature allows for the efficient handling of payments for various events by directing them to designated accounts with online payment services like PayPal, Stripe, and more.

Conclusion

Sharekhan Espresso is a prominent Indian brokerage firm offering a comprehensive suite of online trading services across various financial products. Regulated by SEBI, it provides a secure and trustworthy trading environment. Their user-friendly Espresso Mobile App offers real-time data and advanced tools for seamless trading. Sharekhan Espresso prioritizes investor education and provides a wide range of trading instruments, transparent fees, and tailored account types to meet diverse preferences. However, it’s essential to note that while Sharekhan Espresso offers strong features, there are other brokers with longer track records to consider as alternative options. For additional choices, we recommend exploring our trading broker reviews to make an informed decision for your financial journey.

Sharekhan Espresso Logo

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Sharekhan Espresso, established by Sharekhan in September 2020, brings a dynamic blend of technology and expertise to the fingertips of traders and investors. With a commitment to regulatory compliance, an intuitive Espresso Mobile App for seamless trading, a wealth of educational resources, diverse market offerings, tailored account options, and flexible funding methods, Sharekhan Espresso stands as a trustworthy partner in the pursuit of financial success.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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