Hot Deal Sharekhan has launched its discount broking arm Espresso

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https://www.myespress...m/
Salient features are
1) pay brokerage when you make profit, applicable for intraday trades across equity, FnO, currency and commodities
2) Check for its detailed charge structure
https://www.myespresso.com/c...es
3) 1 year access to moneyflix https://www.myespresso.com/mon...ix
4) check trading platforms https://www.myespresso.com/trading-pla...ms

63 Comments  |  
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Brokerage rate when in profit?

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MrKool_JJ wrote:

Any idea about account opening and AMC charges?
Couldn’t find this in their main webpage toungueout

AMC is 400+ GST  https://cdn0.desidime.com/attachments/photos/638991/medium/Screenshot_20200924-203623__01.jpg?1600960026

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4V35H wrote:

Brokerage rate when in profit?

20 buy 20 for sale. 🙂

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MrKool_JJ wrote:

So it’s expensive for me atleast grinning

Basic Services Demat account hai naa re bhai

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4V35H wrote:

Brokerage rate when in profit?

0.01% or max 20 for every executed order (both buy & sell)
No brokerage on square off trade if it is loss making.

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@bikidas2060 Bhai looks good but may inadvertently trap new retail investors not trying their hand at FnO/currency/commodity because of more charges, good but only for experts or those who know what they are risking.

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guest_999 wrote:

@bikidas2060 Bhai looks good but may inadvertently trap new retail investors not trying their hand at FnO/currency/commodity because of more charges, good but only for experts or those who know what they are risking.

🙂🙂🙂

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Do they provide APIs for alog trading etc?

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xuseronline wrote:

Do they provide APIs for alog trading etc?

Do you want to place your trust in a discount broker APIs for algo trading? smile

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xuseronline wrote:

Do they provide APIs for alog trading etc?

Bhai I really don’t know 😀😀😀

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MrKool_JJ wrote:

BSDA hai na me b bhool gya toungueout
@bikidas2060
Account opening nil rahe to kholdu act biggrin

I don’t trust Sharekhan for BSDA. I have one of my friends account with me in Sharekhan, they charged him amc despite his acc being eligible for bsda. Suckers for money.
If you anyway have only one purpose, that’s ipo, then i don’t find any other broker good except zerodha / upstox. Why to take risk where there’s no transparency.

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BubbleBoyChickenLittle wrote:

I don’t trust Sharekhan for BSDA. I have one of my friends account with me in Sharekhan, they charged him amc despite his acc being eligible for bsda. Suckers for money.
If you anyway have only one purpose, that’s ipo, then i don’t find any other broker good except zerodha / upstox. Why to take risk where there’s no transparency.

This is a discount broker arm of Sharekhan. So, I think it ll do okay.

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Chemcon ka ipo kb allot hoga?

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Money_Heist wrote:

Chemcon ka ipo kb allot hoga?

28 ko hoga. 29 taak pata chal jaega

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guest_999 wrote:

Do you want to place your trust in a discount broker APIs for algo trading? smile

Yes, some are trusted wink
Using Zerodha’s API for last 4 months… never had any issues but they are charging Rs.2000/mo . Discount broker but API is costly smile

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xuseronline wrote:

Yes, some are trusted wink
Using Zerodha’s API for last 4 months… never had any issues but they are charging Rs.2000/mo . Discount broker but API is costly smile

That’s the conundrum. Even if it is a discount broker it is not possible for it to provide a cheap API service at same price as its discount broker service so end result is same.

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Buy side brokerage is 20
Sales side brokerage is nil if we make a loss.
It’s a really good deal.

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Espresso discount broker, 3 month brokerage free, 1Year Moneyflix free

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xuseronline wrote:

Yes, some are trusted wink
Using Zerodha’s API for last 4 months… never had any issues but they are charging Rs.2000/mo . Discount broker but API is costly smile

what is API ?

Missing