Espresso Demat Account Charges

Espresso Demat Account Charges are lower than other brokerage accounts. Espresso App is launched by Sherkhan Share Brokerage.

Espresso is a brokerage app with no delivery charges. You won’t be charged anything if you use this app to trade for the purchase or sell brokerage.

 A flat 20 brokerage fee is applied to any additional trades you make, such as intraday trades, options, features, currencies, or commodities.

Expresso account charges are better than ICICI Direct.

In intraday trading on the Espresso app, you have to pay brokerage charges only when you make a profit in trading. This feature is not available in Upstox also.

For instance, if you square off an intraday trade and suffer a loss in that trade, there won’t be any fees for the second leg of the transaction.

The Espresso app is the only one with the Pay Only Profit feature; other applications do not have it.

Account opening charges are zero the on Expresso website.

Unique Features of Espresso App

Espresso App is a platform tested by trading enthusiasts.

The platform tested by Trading Enthusiasts has a better user experience.

Espressology

The Espresso team informs about their products, features, and services through their blog Espressology.

A variety of trading and investing-related articles are published on the Espressology blog, which serves as a guide for new customers.

MoneyFlix

The Espresso app offers the MoneyFlix platform, which shows videos of share trading, products, and services.

On the MoneyFlix portal, which is made for new users, more than 100 videos about stock trading, investing, and experience have been posted.

The first movie platform in the world where video assists are available for investors and traders is MoneyFlix. For the first year, MoneyFlex’s subscription is completely free.

7 Days to Kick Start Disciplined Trading

Espresso has 7 days to kick start a disciplined trading platform.

With this feature, the top qualified professionals of the industry help new and advanced traders.

The 7 Days to Kickstart trading platform is designed to provide traders with all kinds of advanced tools so that new traders can learn well.

More than 30% discount is also available on joining the Trade Booster plan.

Get Leverage

If you have money short to trade and you want to trade, then this feature is useful for you.

With this feature, you can trade even on a low budget as the rest of the budget is arranged by the app.

How to use Espresso App Dashboard 

The espresso app has 3 features in the top panel which are INDICES, MarketMovies, and Watchlist.

espresso demat account charges

The watchlist allows you to save the shares you want to keep an eye on. Any stock that is listed in the watchlist will have its chart displayed on the screen.

espresso demat account charges

Click on the search option in the bottom panel to add a new share name to the watchlist.

espresso demat account charges

After that, look up the share’s name by using the search bar and select it from the list that appears.

The new share’s name will then be added to your watchlist in this way.

espresso demat account charges

Click on the name of the share to see the full details of the share.

espresso demat account charges

The full details of the shares, including the Best Buyer and Best Seller, Share Opening Value, High and Low Achievements, and Last Day Closing Value, are shown on the screen in this feature.

espresso demat account

When you select the Quote option in the bottom panel, the stock’s chart and all other information are displayed on the screen.

You will start receiving price alert notifications after you select the option for them.

espresso Demat account

In the notification option, you can define minimum and maximum value restrictions. To receive conditional notifications, save it by entering the minimum or maximum value.

espresso Demat account

The chart is the following selection on the bottom panel. You can view the chart created for any stock in the menu.

The chart can produce a daily, hourly, five-minute, three-minute, or two-minute chart. A candlestick chart is also included in the graph, and its value is shown underneath it.

Espresso Demat Account Charges Table

Here is a list of Expresso Demat account charges. 

Espresso Equity Segment Charges

This table belongs to Espresso Equity Segment Charges.

ESPRESSO CHARGESEQUITY DELIVERYEQUITY INTRADAY
Equity Brokerage ChargesFor total cash-and-carry orders, there is no brokerage.For each order that is executed, 0.03 percent, or Rs 20, is charged (whichever is lower)
Equity Brokerage Charges0.1% or Rs 20 for every margin order (whichever is lower)Square-off orders with no brokerage Charges in the case of a loss.
Equity Securities Transaction TaxOn Sell & buy 0.1% On sell & buy- average  0.025%
Equity Exchange Transaction Charges*NSE: 0.00345%NSE: 0.00345%
Equity Exchange Transaction Charges*BSE: 0.00345%BSE: 0.00345%
Equity SEBI Turnover ChargesRs 10/crore Rs 10/crore 
Equity GST18%18%
Equity Stamp Duty ChargesStamp Duty Charges are different in different segments Stamp Duty Charges are different on different segments 
Espresso Derivatives Segment Charges

Here is a list of Expresso Demat account charges. This table belongs to EspressoDerivatives Segment Charges.

Derivatives Brokerage Charges0.03% or Rs 20 for every executed order (whichever is lower)Rs 20 for every executed order
Derivatives Brokerage  ChargesSquare-off orders with no brokerage Charges in the case of a loss.Square-off orders with no brokerage Charges in the case of a loss.
Derivatives GST18% 18%
Derivatives Securities Transaction TaxDerivatives0.05% on the sell side (on premium)0.125% on the exercised trade (on premium)
Derivatives Exchange Transaction ChargesNSE: 0.002%NSE: 0.053% (on premium)
Derivatives SEBI Turnover ChargesRs 10/crore Rs 10/crore 
Derivatives Physical Delivery Settlement0.5% 0.5% 
Derivatives Stamp Duty ChargesStamp Duty Charges are different in different segments Stamp Duty Charges are different in different segments 
Espresso Currency Segment Charges

Here is a list of Expresso Demat account charges. This table belongs to Espresso Currency Segment Charges.

Currency Brokerage Charges0.03% or Rs 20/executed order (whichever is lower)Rs 20/executed order
Currency Brokerage ChargesSquare-off orders with no brokerage Charges in the case of a loss.Square-off orders with no brokerage Charges in the case of a loss.
Currency Securities Transaction TaxNilNil
Currency Exchange Transaction ChargesNSE: 0.00095%NSE: 0.037%
Currency Exchange Transaction ChargesBSE: 0.00022%BSE: 0.001%
SEBI Turnover ChargesRs 10/crore Rs 10/crore 
Currency GST18% 18%
Currency Stamp DutyStamp Duty Charges are different on different segments Stamp Duty Charges are different on different segments 
Espresso Commodities Segment Charges

Here is a list of Expresso Demat account charges. This table belongs to Espresso Commodities Segment Charges.

Commodities Brokerage Charges0.03% or Rs 20/executed order (whichever is lower)Rs 20/executed order
Commodities Brokerage ChargesSquare-off orders with no brokerage Charges in the case of a loss.Square-off orders with no brokerage Charges in the case of a loss.
Commodities Transaction Tax0.01% on sell side (non-Agri)0.05% on the sell side
Exchange Transaction ChargesNon-Agri: 0.0026% (MCX)0.05%
Commodities Exchange Transaction ChargesAgri: All 0.00175% -Seed (0.0005%) -Pepper (0.00005%)0.05%
Commodities SEBI Turnover ChargesSEBI Turnover ChargesRs 10/crore 
Commodities GST18% 18% 
Commodities Physical Delivery Settlement0.5% 0.5% 
Commodities Stamp DutyStamp Duty Charges are different in different segments Stamp Duty Charges are different in different segments 
Espresso Demat Account Operating 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 MoneyNot Required

How to Open Espresso Demat Account

It’s simple to open an Espresso Demat account. Aadhar cards, PAN cards, mobile numbers, and bank account numbers are required documentation before you may open an account.

Open the Espresso official website in order to create an Espresso Demat account.

You can also open the espresso website by directing www.myespresso.com or by searching “espresso Demat account opening” in the google play store.

The first step in opening a DEMAT account is to click “Open Account” in the top right-hand corner of the Espresso website’s homepage.

espresso demat account charges

On the next page enter your mobile number, enter the captcha code and click on the button “Start Re Submit Application”.

espresso demat account charges

The portal will send you an OTP; input it on the screen, and then click Continue.

Enter your complete name, email address, and city on the following page, then click the proceed button.

The following four steps—inputting the PAN and bank information first, uploading the required paperwork, filling out the remaining fields, and finally electronically signing—will open this account.

In the PAN details box on this page, enter the 10-digit PAN card number.

In the next column, type your DOB information.

Then, enter your bank’s information, including the IFSC, your savings account number, the number again, and a check next to the terms and conditions.

Click Save and Continue after filling out all the details.

espresso demat account charges

Upload your documents in the following section, starting with your PAN card, followed by your income proof, any address proof, such as an aadhar card, and finally your signature and a selfie.

Click Save and Continue once all the documents have been uploaded.

Enter your gender, marital status, and father’s name on the personal details page.

espresso demat account charges

Enter your trading experience, organization name, and organization designation in the Experience section.

Enter your annual income, suggested investment value, and source of income under “Income Details.”

Put the mother’s name, your income level, and the nation’s name in the other details column. After you’ve completed all the fields, click Save & Continue.

Filling up the nomination details is optional. Do so only if you want to.

Download your application form, then carefully review it. Next, select E-Sigh. You will be taken to the NSDL website after clicking on E-Sigh.

Your Aadhar card number must be entered here before clicking Send OTP.

espresso demat account charges

An OTP will be sent to your mobile device. Enter it there and select Verify.

Once the OTP has been validated, your E-Sign will be finished.

Your espresso Demat account opening form will be submitted successfully in this manner. Your account will be activated by the firm within 24 hours.

Your registered email address and mobile number will receive your Espresso Login ID and password.