Espresso Sharekhan - Safe, Reliable & Trustworthy Broker

Espresso is safe and trusted stock broker with an excellent track record of over 25 years of its parent company Sharekhan. Sharekhan is owned by BNP Paribas, a French international banking group with branches in 65 counties.

Espresso (Sharekhan) is a SEBI-registered broker and is a depository participant with CDSL and NSDL. Espresso allows its customers to trade on BSE, NSE and MCX exchanges and is a member of CDSL.

Espresso is an online trading platform that was launched in 2020 by Sharekhan to compete with new-age discount stock brokers like Zerodha and ProStocks.

Sharekhan Espresso Key Facts

The following are some of the key facts you should know about Espresso.

• Sharekhan Limited (part of BNP Paribas) is the company behind the Espresso platform.
• The Espresso platform was launched in 2020.
• Espresso offers Stocks, Equity Derivatives, Currency, and Commodity trading.
• Offers brokerage free equity delivery trades.
• Do not change brokerage for loss-making intraday trades.
• Offers free online account opening and Rs 0 demat AMC for 1^st

Why is Espresso safer than other brokers?

Espresso is an online trading platform of Sharekhan, the most prestigious stock broker for over 25 years. Espresso trading platforms aim to make the trading journey simple, seamless, transparent, quick and easy for its customers. Let's take a look at a few more indicators of the broker's safety:

1. Strong Parent Company

   Sharekhan Limited, a subsidiary of BNP Paribas is the parent company of Espresso. Sharekhan is one of India's leading broking houses with more than 23 lakh customers. Incorporated in 2000, Sharekhan has a presence across 600 cities across India with an international presence in the UAE and Oman. The strong parent company increases the safety measure for Espresso as it can help the company to come out of bad circumstances.

   BNP Paribas S.A. is a French international banking group. It has a presence in 65 countries and a $2.7 trillion asset under management. It is the 25^th largest bank in the world in terms of market capital.

2. Registered with Regulatory

   Espresso is a SEBI registered broker and a member of BSE, NSE, MCX, and CDSL. Espresso offers to trade in Stocks, Equity Derivatives, Currency, and Commodity trading.

3. Unique Pricing Model

   Espresso offers a Pay Only When You Profit brokerage model. Espresso charges zero brokerage for Equity Delivery trades and on loss-making intraday trades. Espresso charges the lowest brokerage fee of Rs. 20 per trade in Intraday and F&O.

4. Technology-Focused Company:

   Espresso offers technology-advanced investment software such as Espresso Mobile App, Myespresso Web, and Binge desktop-based application. The advanced Espresso platforms have been tested by multiple traders and investing enthusiasts for making investing, exploring and trading easy for the investors. The broker also provides support to help customers with any platform-related problems.

Espresso Risks

1. Margin Trading Facility (MTF)

   Espresso offers a margin funding facility to the clients. Margin trading funding is considered a risky business as you earn profit only when the earned amount is higher than the margin. You also have to pay margin interest per day whether you generate profit or loss.

2. Power of Attorney:

   Through Power of Attorney (PoA), Espresso is allowed to invest and hold the shares on request placed by customers. The PoA gives rights to the broker to debit or credit from the Demat account whenever required.

Espresso Memberships

Espresso is registered with SEBI and a member of leading stock exchanges like NSE, BSE, and MCX. All stockbrokers offering trading services in India must register with SEBI and follow various guidelines. Similarly, stockbrokers must also get membership in the stock exchanges to be able to give their customers access to the exchange platforms.

Espresso is also a Depository Participant (DP) with CDSL, one of India's two central depositories for Demat accounts. Please note that Espresso does not open or maintain Demat accounts; instead, it acts as an intermediary between consumers and the CDSL.

Espresso's various membership details are as follows:

• Member: BSE / NSE (Cash, F&O, CD) / MCX (Commodity)
• DP: CDSL
• CDSL DP ID: 12090000
• NSE Member ID: 90194
• BSE Member ID: 6732
• MCX Member ID: 55400

Conclusion

Espresso is one of India's most secure, reliable and trustworthy online discount brokers. The company is a legitimate stockbroker with all required certifications and memberships. Espresso features excellent management, a strong parent base, cutting-edge technology, distinctive brokerage programmes, and advanced online platforms.

Must Read:

• 10 Steps to safeguard trading and Demat account

Frequently Asked Questions

Espresso Sharekhan Competitors Review

Information on this page was last updated on Wednesday, March 22, 2023