FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Espresso Sharekhan Commodity Trading Review 2024

Rated 4/5 by InvestorGain Team
Espresso Sharekhan  Commodity Trading
Open an Instant and Online account with Espresso in 15 mins.
Open an account with India's leading broker.

Espresso Sharekhan is a registered trading member of MCX commodity exchange to provide an online platform for customers to trade in commodities. You can open Espresso Trading & Demat account online and start commodity futures & options trading. Low commodity brokerage is the top reason to open a commodity trading account with Espresso. Espresso charges a Max of Rs. 20 per order flat brokerage fee on commodity derivatives trading while you will pay zero brokerage fees on all loss-making commodity trades. Customers can trade in different types of commodities through any of its platforms whether the website, Espresso mobile app or Binge desktop trading software. Read more about Espresso Sharekhan Commodity Trading Review 2022 including commodity account opening fee, commodity brokerage charges, and commodity trading platforms.

Espresso Sharekhan Commodity Trading

Espresso by Sharekhan facilitates online trading in different types of commodities. Customers can trade in agricultural commodities i.e. soya, rice, etc., metal commodities i.e., gold, silver, copper, etc., and energy-related commodities i.e., crude oil, natural gas, coal.

How to open Espresso Sharekhan Commodity Trading Account?

Opening an account in Espresso Sharekhan is a completely digital and paperless process that takes about less than 15 minutes and the account will get activated within 24 hours.

Steps to open Espresso Sharekhan Commodity Trading Account;

  1. Head to Espresso’s official website.
  2. Click on the “Open an Account” option.
  3. Enter your mobile number and verify it with OTP.
  4. Provide personal details, PAN number, and DOB as per PAN.
  5. Add bank account details i.e. account number and IFSC code.
  6. Upload all the required documents.
  7. Complete in-person or video verification by recording and uploading a 15-second video of yourself.
  8. E-sign the account opening form.
  9. You have successfully opened Espresso Commodity Trading Account. You will receive login credentials within 24 hours for online trading.

Espresso Sharekhan Commodity Trading Account Opening Documents

Opening a commodity account in Espresso mandatorily requires you to submit the below set of documents;

  • PAN Card.
  • Address Proof
  • Signature proof.
  • Canceled cheque leaf with the pre-printed name of the account holder.
  • Upload a passport size photo or take a selfie.
  • Income proof i.e. latest 6 months salary slip, bank statement, etc.

Espresso Sharekhan Commodity Trading Account Opening charges

MCX trading with Espresso requires users to open a Trading & Demat account. The 2-in-1 account allows customers to trade in multiple segments including equity, derivatives, commodities, and currency. Currently, the broker offers a free commodity account opening facility at zero charges.

Charges
Espresso Sharekhan Commodity Trading Account Opening Fee Rs. 354 (Free for limited period)
Espresso Sharekhan Commodity Trading Account AMC Free
Espresso Sharekhan Demat Account Opening Fee Free
Espresso Sharekhan Demat Account AMC Rs. 400 per annum, charged every quarter

Espresso Sharekhan Commodity Trading Brokerage

Espresso Pay Only When You Profit model charges brokerage only on profitable commodity future & options trading whereas there is no brokerage levies on loss-making commodity derivative trades.

Charges
Espresso Sharekhan Commodity Futures Brokerage Flat Rs. 20 per order or 0.03% whichever is lower
Espresso Sharekhan Commodity Options Brokerage Flat Rs. 20 per executed order

Espresso commodity brokerage charges look highly competitive and match the charges of top discount brokers like Zerodha and Upstox.

Espresso Sharekhan Commodity Trading Segment Activation

If you have an active equity trading account in Espresso but now looking to start online trading in the commodity market, then at the very first step, you have to activate the MCX commodity trading segment. Espresso customers can active the commodity F&O segment online instantly in a few steps.

Steps to activate commodity trading segment in Espresso:

  1. Login to your Espresso Account on the Espresso App.
  2. On the left-hand side, click on the three lines on the top.
  3. Tap on the “Support” option under the menu.
  4. Under the Self-Help, click on the “Trading Segment Activation” option.
  5. Click on the “Activate Commodity” option to activate the commodity trading segment.
  6. Select the income proof document from the dropdown, upload the file, and submit.
  7. Enter personal details including your mother’s name, and occupation details, and tap on the “Next” button.
  8. The screen will display the applicable brokerage charges on commodity futures & options trading.
  9. Tap on the “I Agree” option to accept the ECH mandate and declaration form.
  10. Once submitted, your document will go under verification by Espresso Team, and once verified, you will be notified about the segment activation through an email.

Espresso Sharekhan Commodity Trading Platforms

All of Espresso's trading platforms across the web, mobile app, and desktop allow online trading in commodities. Users are free to trade through any of the platforms based on their choice.

  1. Espresso Mobile App: If you prefer trading via mobile phone then you can download the Espresso Mobile app on your device whether Android or iOS. Espresso app is an all-in-one mobile trading app to trade in equity, F&O, commodities, and currency segments. Advanced charting, multiple customizable watchlists, a dedicated commodity search bar, contract details, etc. are attractive features for commodity traders.
  2. Espresso Web: Users can log in to their Espresso Demat & Trading account on the Espresso website using a mobile device, computer, or laptop. The web platform is quite user-friendly and comes with easy-to-use functionality.
  3. Binge Desktop Trading Software: Espresso Binge commodity trading software is specially designed for pro traders with an advanced market sentiment tracker, super-quick price updation, auto margin calculator, real-time market feeds across segments, and multi-view (up to 6) chart setting features. If you trade in commodities, then you can install the Binge trading software on your computer or laptop and enjoy the fastest commodity trading experience.

Espresso Sharekhan Commodity Trading Pros

  • Free or Rs. 0 brokerage on loss-making commodity derivative trades.
  • Diversify your portfolio to manage concentration risk.
  • High margin or leverage available on commodity trading.
  • Safeguarding your commodity investment against inflation risk.
  • Trade on Espresso mobile app, web, or Binge software.
  • Online commodity trading is a 100% liquid market and you can buy and sell commodity futures & options anytime online.

Espresso Sharekhan Commodity Trading Cons

  • The commodity market is highly volatile, and therefore carries high risk.
  • Espresso doesn’t offer commodity research services.
Request call back from Espresso Sharekhan

FAQs

Yes, Espresso Sharekhan is a registered MCX trading member that offers online commodity futures & options trading services to customers. If you have losses on the commodity derivative trades then Espresso Sharekhan will charge zero brokerage whereas on profitable trades, the broker will charge a flat brokerage of Rs. 20 per executed order.

 

Once you have requested the broker to activate commodity F&O segment the documents will go under verification by the Espresso Team, and once verified, the commodity trading segment will be activated within 24 hours.

 

Last Updated on 2024-01-30