In this Dhan vs Espresso comparison you will be easily able to find which stockbroker is better for you and why you would even choose them for your trading and investing purpose at all.
More important question is why one would even choose this 2 stock brokers dhan and espresso at first place as they seem to be somehow new in the broking industry at first place.
It is because believe me or not but espresso and dhan both are giving the tough competition to Zerodha and Upstox in terms of best trading platform, lowest brokerage structure, better investing features etc.
Yes, we will going to discuss and compare the espresso vs Dhan on all parameters such as brokerage, web/desktop based trading platform (Dhan App vs Espresso Mobile App), account opening charges, customer service, margin and lot more products and services both stock broker offers to its clients.
But before we begin let me brief you about a quick fact about both stock brokers i.e. the number of active clients and total clients as of according to the latest NSE Data.
Espresso by sharekhan have more than 1,84,204 active clients whereas Dhan made their entry in one of the highly competitive broking industry in September 2021 and they have more than 1 million+ users who have installed their app from playstore. Looking at this number it does shows the trust they have created for users in their products and services.
Trust me after experiencing the dhan and myespresso broker service I am very much certain that they will make a place to be in the top 5 stock broking company in India very soon.
Just to let you know, you can read the detailed review of Espresso Broker here, similarly checkout the complete Review of Dhan here.
So without further delay, let us start first with Dhan vs Espresso overall review in 18 brief points and later below you can check them in detailed guide if you want.
Just to let you know the post may be little long as it covers all aspects of the Dhan and Espresso stock broker in detail, you can move through table of contents for the info you are looking.
Dhan Vs Espresso Overall Comparison:
I have already used both stock broker services as well as wrote the reviews about them in detailed way separately, based on my experience and facts below are things you can consider before opening an account with them.
- Espresso and Dhan both have fantastic trading platform for Web/mobile app, you can do fundamental as well as technical analysis quite easily.
- Espresso offers a downloadable version by name Binge but Dhan do not have this as of now. On the other hand dhan have a dedicated option trading platform (Web + App) which is not available at Espresso.
- Dhan have also made tie up with smallcase for making portfolio based investment moreover they do have a stock recommendation tool as well which gives long term investment ideas known as Stratzy and this feature is not available with Espresso.
- Myespresso unique feature includes giving free daily intraday trading recommendations to its users on its platform, which helps beginner traders and investors.
- Dhan has also partnered with Tactic who provides Trade Ideas & Strategies of top SEBI registered traders in currently 3 modes – Intraday, Positional & BTST. This feature will greatly help the new as well as experience traders.
- Dhan also offers another feature known as WelathBasket, it is a basket of stocks/ETFs, based on a strategy, theme or idea. WealthBaskets are professionally managed and help you invest in Stock Markets in a systematic way and this is not available with Espresso.
- 1Cliq by oipulse is integrated with Dhan which helps fast traders to identify trends especially scalpers. You can have trade execution with pre defined SL, auto Trailing SL, MTM target and stop loss are some of it’s amazing features which is not available with myespresso.
- Espresso and Dhan both are charging equal brokerages as they charging Rs.20 or 0.03% (whichever is lower) per order.
- Espresso and Dhan both offers free equity delivery trades as well, but with Espresso there are No brokerage on loss-making trades whereas with dhan you also get another 50% brokerage off for women’s.
- Dhan offers brokerage or say commission free mutual funds investment and platform for its users this is not available at Espresso as of now.
- You can Invest and trade in all segments at Dhan as well as Espresso broker i.e. Equity (Stocks), FNO, Commodity, Currency on NSE, BSE & MCX.
- Espresso has brought EMF, exchange margin funding as a new product to give higher leverages even for delivery based trades. This is very unique and rare feature to get up to 3X time leverage.
- Dhan also gives Margin Trading Facility (MTF) for up to 4X leverage (75% funds) from Dhan for Equity Delivery trading. You can buy 950+ stocks and hold them for unlimited period of time.
- If we talk about Margin at Espresso Vs Dhan, after SEBI Rules on Intraday margin every stockbroker is giving same margin 5X throughout India, hence this does not matter anymore.
- Other than this You can also invest in IPO’s/NFO, ETF, SGB, on both stock brokers platform.
- Account opening charges as well as AMC (Annual Maintenance Charges) is Zero for Dhan for a limited time period,
- For a limited time period you can open a Free trading/demat account with Espresso here, although they do charges one time account opening fee of Rs.375. The AMC (Annual Maintenance Charge) at Espresso is Rs.400, which gets charged at the year end.
- Overall, Dhan when compared on all parameters is still have an edge over Espresso as of now.
Both are offering great features and service at a very low cost. Moreover, there are nothing you are loosing both in terms of features as well as money. Having said that if you have to choose between Espresso and Dhan than I would recommend to give a chance to Dhan stockbroker.
You can Open a free Dhan trading/demat account with Zero AMC when you open through this link.
Open Free Espresso trading/demat account through this link for a limited time period. Also get additional benefit Such as 1 year MoneyFlix subscription free and also a 30% discount on Espresso trade booster program.
Now, let us go dive deep to cover all different services and features of Dhan and Espresso step by step and see who is best between both discount brokers by doing in depth analysis.
About Dhan Vs Espresso:
Before we dig deeper to understand the various services offered it becomes utmost import to know in brief about Espresso and Dhan history.
Dhan Stock broker made their entry in one of the highly competitive broking industry last year in September 2021. Pravin Jadhav who was also the former Paytm Money CEO is the CEO of Dhan. Dhan is backed by leading investor such as MIRAE ASSET, BEENEXT, BLUME, 3ONE4 CAPITAL, Social Leverage etc.
Dhan is SEBI Registered (INZ000006031) online stock broker offering trading on all exchanges (BSE, NSE, MCX) and across all segments (equity, exchange-traded funds, futures, options, currency, commodities). Dhan have partnered with CDSL for depository services.
The company is registered by the name Moneylicious Securities Private Limited and have corporate office in, Borivali East, Mumbai, Maharashtra.
Sharekhan has launched a separate entity called Espresso for discount brokerage services. Sharekhan is one of the largest brokers in India, was founded in 2000 and a subsidiary of BNP Paribas since November 2016.
Sharekhan offers a wide range of savings & investment solutions including equities, futures, and options. Currency trading, portfolio management, research, mutual funds and investor education.
Espresso got launched on September 22, 2020, R. Kalyanaraman is the CEO of espresso and have worked tirelessly to build a unique platform for traders and investors.
As per the CEO R. Kalyanaraman and I am quoting “Espresso isn’t just an interface. We’re in it for the long run. We’re in it to help you to succeed. That’s why we got our platforms Beta-tested by trading and investing enthusiasts. We didn’t stop there, though! With our Pay Only When You Profit pricing model, our endeavor is to ensure you keep at it and get better and succeed. We are here to help you achieve that, backed by our Sharekhan experience.”
Espresso offers trade execution facilities for equity cash and derivatives segments on BSE and NSE, commodities trading facilities on MCX and NCDEX as well as in currency segment.
They have partnered with both CDSL and NSDL for depository services. The basic idea of espresso is to help clients succeed by ensuring that they have more money in their hands by not paying brokerage on loss-making intra-day trades, or simply put ‘‘pay-when-you-profit-pricing model”.
Dhan Vs Espresso Margin Comparison:
Margin in stock market refers to buying/selling of securities (shares) by borrowing money from your broker. This is very much similar to taking loan for short period of time. This helps traders in buying or selling more with less money in intraday trading.
If you are an active trader or a beginner who knows what exactly going on with recent changes brought by SEBI, Higher Margin won’t be a factor anymore, now the competition among the broking industry is in terms of better trading platforms and lower brokerages plans.
The upfront margin collection in cash segment has been kept at flat 20%, which means now the leverage for all stocks would be 5x also the penalty provision for short-collection/ non-collection of upfront margin in cash segment.
This means regardless of any broker you won’t get more than 5X times margin in equity cash segment and in FNO you need to have the full margin span+exposure to take any position.
You can read more about it here.
Therefore, the margin or leverages offered will be equal irrespective of the stock brokers in India going forward. Keep in mind this also applies to Currency and commodity derivatives as well.
For example: if there is a 20% margin requirement on a particular stock, then you will have to pay only Rs.20 to buy a stock of Rs.100. Another way to look at it is that if you have Rs.100, you will be able to buy five stocks instead of one.
Hence, the margin requirement will be same for all brokers including Dhan and Espresso for intraday trading in equites and derivatives.
One need to understand taking more margin means more risk and chances of your money getting wiped out is even more, so it is always advisable to use it in limited way.
So going forward please choose stock broker not in terms of margin or leverage as it is same for all brokers through out India.
Dhan Vs Espresso Brokerages Comparison:
Brokerage is the most important factor when you trade and invest, both Myespresso and Dhan have quite low brokerages. Let us know brokerage for both discount brokers one by one.
Espresso Brokerage Structure:
First of all the brokerage charges are kept at decent Flat Rs 20 per order, For Intraday trades across all segments (Equity, F&O, Commodity and Currency).
There are no brokerage charges for delivery based trades at espresso. Moreover, No brokerage on loss-making trades, Let’s break it down with an example:
Suppose you make 20 trades a day every trading day of a year
20 trades a day x 250 trading days = 5,000 trades
5,000 trades x Rs 20 per transaction = Rs 1,00,000
Assuming 40% are loss-making trades, you don’t pay brokerage worth Rs 20,000!
Now let us how espresso brokerage structure works with another example. Suppose you bought TATA Motors 1000 shares @Rs.200 and sold the same @Rs.196, which means you made a loss on the trade.
Therefore espresso will only going to charge you one side of the order either buy/sell as it was a loss making trade.
Isn’t great that you don’t pay a penny on your loss making trades by using espresso stock broker. Another thing you must know in equity cash segment the brokerage charges are kept at 0.03% or Rs 20 for every executed order (whichever is lower).
What they mean is, suppose you bought stock xyz priced at Rs.100, quantity 100 on intraday basis,
so the total turnover would be bought 100, sold 100(100*200)= 20,000 on this amount they will charge either whichever amount is lower as 0.03% of 20000, is Rs.6 so they will charge that instead of flat Rs.20.
For all other segments such as derivatives (FNO) IN Equity, Commodity and Currency the brokerage charges at espresso are kept at Rs 20 for every executed order, also Zero brokerage on square-off orders in case of loss.
Dhan Brokerage Structure:
Brokerage charge at Dhan is very low, there is no charge for taking delivery of the trades to your demat account. Whereas for intraday trades across equity, currency, commodity, it is flat Rs.20 or 0.03%(whichever is lower) and for options segment it is Rs. 20 per order.
So, Overall if we see Espresso brokerage is somehow lower than Dhan as of now.
Dhan Vs Espresso Account Opening Charges:
There are no account opening charges as of now with dhan for a limited time period. You can open dhan trading and demat account with zero AMC (Annual Mainenetance Charges).
- ₹0 Demat Account Fees
- ₹0 AMC
- ₹0 Platform Fees
- ₹0 Brokerage for Delivery Trades
- ₹20 per order for Intraday Trades
- ₹10 per order for Intraday and F&O Trades for all women investors on Dhan
If we talk about Espresso
To open a trading/demat account at espresso there are no charges Rs.0 for a limited time period if you open an account through this link. Whereas the Annual Maintenance charge (AMC) is Rs 400/year + GST charged quarterly.
Moreover, Get additional benefits with Espresso when you open an account through this link. Such as 1 year MoneyFlix subscription free and also a 30% discount on Espresso trade booster program.
MoneyFlix is the world’s first financial movies platform! Whereas trade booster program of espresso is provided by subsidiary company Sharekhan Education.
I think its a win-win deal for you as there are no charges to open the account for a limited period offer*.
So, overall Dhan is best as it is not charging anything at all for account opening of trading/demat plus no AMC in comparison to Espresso.
Dhan Vs Espresso Trading Platform Comparison:
The most important part of any trading platform is the tools and resources it has for technical and fundamental analysis. If we talk about Dhan first below is what you can expect as an trader and investor:
Dhan have 3 trading platform for all devices known as:
- Dhan App for Mobile
- Dhan for desktop web version
- Option trading platform (Web + App) by dhan
It is not possible to review all of them under one post however, will review the dhan web version trading platform and as the functionalities and features remains same across different version hence it does not matter.
Dhan web or say browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed.
Honestly, this is one of the best web based trading platform I have personally seen it may sound little exaggerated but it even beats the Zerodha trading platform due to the various features available under the same page such as technical, advanced option chain data, customised option strategy builder, fundamentals of company, financials etc.
On left hand you will see the market watch, from here you can add or delete the scrips. When you move and hover over any stock it will give you different options.
If you know how to trade options then all the important details such as option chain, option delta, option moneyness etc. is easily available for you.
With Dhan platform you get the maximum no. of indicators you want in life. They are just one click away.
You can display and use any type of chart with different candlestick patterns
Whether you want to use:
Support and Resistance indicator and many others
Dhan gives Trading View charts along with ChartIQ on both web and mobile application. Different Candlestick patterns etc. you name the indicator and it will be there.
As, you can see in the above image of order window, you can place different types of orders in intraday trading, if you select the option delivery, it will give you the option to place different order for delivery.
You can add- withdraw funds directly and instantly, create or back-test trading strategies use DHAN API to trade and lot more.
The user interface is so clean and up to the mark, you can easily know which icon will do what, as the moment you will hover to any it will tell you the functionality of it.
So all in all Dhan trading platform has everything what is needed for a hassle-free trading platform.
Open a Free Dhan trading/demat account with Zero Annual Maintenance Charges online here
Let us now check Espresso trading platform in comparison to Dhan in a detailed way:
There are 3 trading platform offered by Espresso for all devices:
- Binge (downloadable version) for desktop/laptop
- www.myespresso.com is the web version
- Espresso Discount Broking Mobile App
I won’t be discussing all the types of platform instead will discuss the Espresso Trading platform for desktop version, as the post will unnecessary be long you can read more about it here
Espresso Binge Desktop Based Trading Platform:
With Espresso Binge unleash the power of trading using Experience class charts, real-time feeds, multiple market scanners and much more to lend a hand to your trading. It has all the features required to be one of the best trading platform in India.
Advanced market sentiment tracker
Advanced market-watch tools that aid data visualization and decision-making
A watchlist that’s simple and hassle-free
Quick updates that help you stay ahead of the curve
The user interface is so clean and up to the mark, you can easily know which icon will do what, as the moment you will hover to any it will tell you the functionality of it.
Peer tracking beyond highs and lows
If you trade in Futures or Options than this downloadable platform is worth using. You have different tools to help you in trading FNO such as option greeks calculator, option chain, implied volatility tool, black and Scholes calculator in-built.
Get the power of charts with Espresso Binge
Choose and use the best candlestick patterns or other different types of chart such as Renko chart, Bar chart etc.
Espresso Binge has all the required charting and more than 100+ indicators indicators like major ones MACD, BOLLINGER BANDS, RSI, S&R, Volume etc.
Open Free Espresso trading/demat account through this link for a limited time period. Also get additional benefit Such as 1 year MoneyFlix subscription free and also a 30% discount on Espresso trade booster program.
Overall Dhan in comparison to Espresso trading platform offers much better user interface as well as they have many other services integrated under one page which makes it very easy to find all resources.
Dhan Vs Espresso Other Charges Comparison:
Call and Trade Charges At Dhan?
Dhan do not have any charges for you when you call Dhan Customer Care, however for call and trade at dhan you will be charged Rs 50 + GST per order placed through Dhan trade desk.
Call and Trade Charges At Espresso?
Espresso offers you to place order by call and trade which will be charged Rs.50 per order through phone and you can modify an order as many times you want to during a day.
Auto squared off charges by Espresso Vs Dhan?
The charges are INR 20/order + GST for auto square off at dhan and Rs.50 per position open (intraday) excluding GST will be charged as auto square-off at Espresso, in case you do not do it by yourself from the trading platform.
What are Payment Gateway Charges at Dhan Vs Espresso?
There are no charges for payment gateway if making the payment through UPI and Net Banking at Dhan as well as Espresso.
Apart from above, the following types of charges are levied on your trades at every broker:
- STT– The Securities Transaction Tax is a direct tax levied on every purchase and sale of securities.
- Transaction charges– This is a charge levied by the exchange on every transaction placed.
- Clearing charges– This is a charge levied by the exchange for clearing the trade.
- GST– A Goods & Services rate of 18% is levied on every purchase and sale transaction of securities.
- State stamp duty– This duty is levied on the value of shares transferred and varies as per the individual state.
- SEBI turnover fees– This fee is charged by SEBI on the purchase and sale of all securities.
My Opinion On Dhan Vs Espresso:
I hope you have now thoroughly understood most of the services offered by Espresso by Sharekhan and Dhan, if you ask me in Espresso vs Dhan who is better?
According to the latest NSE reports there are about 250+ stock brokers in India, however what makes Dhan a leading and strong contender in the stock broking industry is the tools and resources they have in their trading platform.
Moreover there are no hidden charges and the brokerages are very minimal if we do the industry comparison. They are also backed by cash enriched investors so nothing to fear.
If I have to rate Dhan broker after looking at there breakthrough pricing model for brokerages as well as other charges and experiencing there simple yet great user interface for trading platform I would give it 9.6 out of 10.
I am still being harsh as it is a new company, but you may see the ratings may go higher with time in my opinion.
So if you are thinking of opening a trading/demat/mutual fund combined account, than do not put any second thought, go ahead and Open Free dhan trading and demat account with Zero AMC (Annual Mainenetance Charges) there is nothing to lose its a win-win deal.
On the other hand
Espresso by Sharekhan might be new in discount broking industry but as we know being a subsidiary of Sharekhan it has support as well as the experience that any new start-up requires.
Having said that, Espresso seems to be a perfect choice for anyone who is looking to open an trading/demat account, moreover there are no charges as of now to open an account so nothing to lose at all.
Espresso by Sharekhan has all that is required for being one of the best in broking industry, Expressing my opinion in terms of all technological tools, advanced platforms, robust management I would rate it 9.2 out of 10.
So, go ahead and Open your Trading/Demat account with Espresso online, paperless and absolutely free through this link for a limited time period within few minutes.
In my opinion you can open account with both stock brokers, as there is nothing to lose. Always have atleast 2 to 3 trading and demat accounts, it gives you more different experience of platform and different services offered by them.
If you are a beginner in trading and investing, please read this amazing guide on How stock market works in India?
Learn the basics of option trading step by step here.
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Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.
