What makes Espresso one of the great stock brokers in India?
Choosing a suitable stock broker is like choosing a suitable stock to invest in. It requires a lot of research and time to compare and choose from brokers with most ideal investment trading platforms from the numerous options available in the marketplace. However, having a good stock broker is the primary need for investment that requires a well-informed decision
Published on 11 April 2023
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Are you planning to invest and trade in stocks?
With so many options available, finding suitable brokers with optimal investment online platforms for your needs can be overwhelming, especially if you're an Indian investor.
That's why, in n this article, we'll explore the key factors you should consider when choosing a broker.
Who Is a Stock Broker?
A stock broker is a licensed professional or an organization that buys and sells stocks and other securities on behalf of clients, typically individuals or institutions. Brokers may work for a brokerage firm or be self-employed.
Choosing stockbrokers and right investment trading platforms helps clients make informed decisions about investing in the stock market by providing them with advice and research on various companies and securities. They also execute BUY and SELL orders, monitor prices and market trends, and keep clients always updated on their investments. In exchange for these services, stockbrokers typically earn commissions on the trades they execute for clients.
They also build and maintain client relationships, providing personalized service and addressing their clients’ investment concerns and questions. Ultimately, the role of a broker and an online investment platform is to help clients achieve their financial goals and build a secure financial future.
How to Choose a Stock Broker?
Like choosing a perfect investment trading platforms, selecting a suitable broker in India can also be challenging, as there are many factors to consider. Here are some key steps to follow when choosing a stockbroker in India:
1. Determine your investment goals and strategy:
When investing in the stock market, a clear understanding of your investment goals and strategy is crucial. This is because your goals and strategy will dictate the type of stocks you invest in, the level of risk you're comfortable with, and the time horizon for your investments.
2. Research on brokerage firms:
Research on different brokerage firms and compare their services, fees, and reputation. Look for brokers with a strong track record of success and good customer reviews.
3. Consider fees and charges:
When considering fees for a broker, it is essential to evaluate all associated costs carefully. These fees can include the brokerage commission, account opening, transaction, and maintenance fees. Transparency is one of the most important things to look for when evaluating fees. A broker should clearly outline all fees associated with their services so investors can make informed decisions.
4. Check regulatory compliance:
One of the most important factors to consider when choosing a broker with an investment trading platform is regulatory compliance. This means ensuring the broker is registered with the Securities and Exchange Board of India (SEBI) and follows all regulatory requirements. By choosing a broker registered with SEBI and following all regulatory requirements, investors can be assured that their investments are safe and secure. SEBI ensures that brokers follow strict guidelines regarding handling investor funds, protecting investors against fraud and misconduct, and ensuring fair and transparent trading practices.
5. Look for customer support:
Choose a broker that provides good customer support with a dedicated team to answer your queries and resolve issues promptly.
6. Test the platform:
Try out the broker's trading platform and tools to ensure they are user-friendly and provide the necessary research and analysis tools for your investment needs.
7. Consider value-added services:
Look for brokers that offer value-added services such as research reports, investment advice, and portfolio management services.
The Last Word
Choosing the right online investment platform is essential for Indian investors looking to enter the stock market. Investors can select a broker that meets their investment goals and trading style by considering factors such as fees, regulatory compliance, customer support, and value-added services. It is essential to do thorough research and evaluate different brokerage firms to find the one that provides the support and services for your investment needs. With advanced investment online platforms, Indian investors can make informed investment decisions and achieve their financial goals in the stock market.
What makes Espresso one of the great stock brokers in India?
Espresso is a discount stockbroker in India that offers investors a range of investment and trading services. It is a subsidiary of Sharekhan, established in 2000; Espresso offers many investment options, including equity, derivatives, currency, and commodity trading.
The broker is known for its user-friendly online trading platform.
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Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.
The Top 5 Rules for Investing in the Stock Market in 2023
Investing in the stock market through stock broker trading platforms can be an excellent way to build wealth over the long term. However, it is also a complex and volatile market that can be difficult to navigate, particularly for beginners. With the arrival of 2023, there are new trends, changes, and challenges that investors need to be aware of to make wise decisions while buying or selling stocks through stock broker trading platforms.
Most people associate investments with a demat account, but there’s a huge difference between that and a trading account. While the former allows you to hold all your shares and securities in one place, it doesn’t have the option to initiate trades by buying or selling. That responsibility is entrusted to a trading account.
The online margin calculator will undoubtedly be useful when determining the revenue of a specific item. But that isn't all. You can easily calculate all of the primary variables that fall under the sales procedure, which are profit, cost of goods sold, revenue, and profit margin, using this calculator.
The Top 5 Rules for Investing in the Stock Market in 2023
Investing in the stock market through stock broker trading platforms can be an excellent way to build wealth over the long term. However, it is also a complex and volatile market that can be difficult to navigate, particularly for beginners. With the arrival of 2023, there are new trends, changes, and challenges that investors need to be aware of to make wise decisions while buying or selling stocks through stock broker trading platforms.
Most people associate investments with a demat account, but there’s a huge difference between that and a trading account. While the former allows you to hold all your shares and securities in one place, it doesn’t have the option to initiate trades by buying or selling. That responsibility is entrusted to a trading account.
The online margin calculator will undoubtedly be useful when determining the revenue of a specific item. But that isn't all. You can easily calculate all of the primary variables that fall under the sales procedure, which are profit, cost of goods sold, revenue, and profit margin, using this calculator.
Sharekhan Comtrade Private Limited (TM) operates the web site accessible from the URL www.myespresso.com (the “web site”').
Sharekhan Comtrade Private Limited is committed to protecting your privacy and utilising technology that gives you the most powerful, safe, online experience that you can get anywhere else.
Sharekhan Comtrade Private Limited does, however, gather certain information that is provided by you to the Web Site. Sharekhan Comtrade Private Limited believes that by collecting this information Sharekhan Comtrade Private Limited is able to provide you with a personalised web experience, and to assist its own sales team and advertisers in efficiently reaching an appropriate audience.Sharekhan Comtrade Private Limited does, however, gather certain information that is provided by you to the Web Site. Sharekhan Comtrade Private Limited believes that by collecting this information Sharekhan Comtrade Private Limited is able to provide you with a personalised web experience, and to assist its own sales team and advertisers in efficiently reaching an appropriate audience.
Sharekhan Comtrade Private Limited requests the minimum information it believes necessary to achieve this goal.
The following discloses Sharekhan Comtrade Private Limited's information gathering and dissemination practices for the Web Site:
System Data:
Sharekhan Comtrade Private Limited uses your IP address to help diagnose problems with our server and to administer the web site. Your IP address is used to identify you and your shopping cart and to gather broad demographic information.
Registration Data:
The Web Site's registration form may require users to give us contact information (like their name, phone number and e-mail address), unique identifiers (like their PAN Number) and demographic information (like their pin code, age or income level). The Web Site uses customer contact information from the registration form to send the users information about Sharekhan Comtrade Private Limited and promotional material from some of Sharekhan Comtrade Private Limited's partners. The customer's contact information is also used to contact the visitor when necessary. Unique identifiers (such as PAN numbers) are collected to verify the user's identity. Demographic and profile data is also collected at the Web Site. We use this data to tailor the visitor's experience at the Web Site, showing them contents that we think they might be interested in, and displaying the contents according to their preferences. This information is shared with advertisers on an aggregate basis.
Links and Co-Branded Sites:
This site contains links to other Web Sites which are not necessarily been screened or reviewed by www.myespresso.com. Sharekhan Comtrade Private Limited is neither responsible for the privacy practices or the contents of such Web Sites nor shall be held answerable for the inaccurate, inappropriate or offensive data, material, information, products and services that may be viewed on those sites.
Sharekhan Comtrade Private Limited may operate a number of co-branded sites. Policies regarding information collection and sharing may differ on some of these co-branded sites. If you have any particular questions, you should check the privacy statement that appears on each co-branded site.
Order Forms:
The Web Site uses an order form for customers to request information, products and services. The Web Site collects visitors' contact information (like their mobile number or e-mail address), unique identifiers (like their PAN number) financial information (like their account or credit card numbers) and demographic information (like their pin code, age or income level). Contact information from the order form is used to send orders, information about Sharekhan Comtrade Private Limited, and promotional material from some of Sharekhan Comtrade Private Limited's partners to the visitors of the Web Site. The visitor's contact information is also used to get in touch with the visitor when necessary. Financial information that is collected is used to check the users' qualifications and bill the user for products and services. Unique identifiers (such as PAN numbers) are collected from Web Site visitors to verify the user's identity.
Surveys and Contests:
The Web Site's online surveys ask visitors for contact information (like their mobile number or e-mail address) and demographic information (like their pin code, gender, age or income level). The Web Site uses contact data from its surveys to send the user information about Sharekhan Comtrade Private Limited and promotional material from some of Sharekhan Ltd.'s partners. The customer's contact information is also used to contact the visitor when necessary. Users may opt-out of receiving future mailings; see the choice/opt-out section below. Demographic and profile data is also collected at the Web Site. The Web Site use this data to tailor its visitor's experience at the Web Site, showing them content that it thinks they might be interested in, and displaying the content according to their preferences. This information is shared with advertisers on an aggregate basis.
Sharekhan Comtrade Private Ltd run contests on the Web Site in which we ask visitors for contact information (like their e-mail address). Sharekhan Comtrade Private Limited uses contact data from its contests to send users information about Sharekhan Comtrade Private Ltd. and promotional material from some of our partners. The customer's contact information is also used to contact the visitor when necessary. Users may opt-out of receiving future mailings; see the choice/opt-out section below.
Third-Party Advertisement Servers:
Sharekhan Comtrade Private Limited engages the services of an outside advertisement company to display advertisement on the Web Site. These advertisements may contain cookies. While Sharekhan Comtrade Private Limited uses cookies in other parts of the Web Site, cookies received with banner advertisements are collected by the Advertisement company, and Sharekhan Comtrade Private Limited does not have access to this information.
Protection of your Data and Information:
The privacy and protection of your data and information provided to us is of vital importance. Sharekhan Comtrade Private Limited shall ensure to safeguard the security and confidentiality of any information you share with us. Any personally identifiable information of the customers obtained by us shall not be used or shared other than for the purposes to which the customers consents. However security and confidentiality of information cannot be guaranteed cent percent. Hence despite our utmost efforts to protect your personal information, Sharekhan Comtrade Private Limited and www.myespresso.com cannot warrant the security of any information you transmit to us through our online services. Such transmission of your personal information is done at your own risk.
Disclosure of Customer Information :
Sharekhan Comtrade Private Limited and www.myespresso.com shall not deliberately disclose customer's personally identifiable information to any unauthorized third person, save and except where such information shall be disclosed in good faith and for the purpose of law for the time being in force or to protect the rights and property of Sharekhan Comtrade Private Limited and www.myespresso.com.
Public Forums :
The Web Sites makes chat rooms, forums, message boards and/or news groups available to its users. Please remember that any information that is disclosed in these areas becomes public information and you should exercise caution when deciding to disclose your personal information.
Supplemental Information :
The Web Site supplements the information that you provide with information that is received from third parties.
The Web Site DOES NOT entice by the prospect of a special game, prize or other activity, to divulge more information than is needed to participate in the activity.
Further to the above, in light of the recently notified Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011. (Hereinafter referred to as the Rules)
The following shall be deemed to be sensitive information :
Password;
Financial information such as Bank account or credit card or debit card or other payment instrument details;
Physical, physiological and mental health condition;
Sexual orientation;
Medical records and history;
Biometric information;
Any detail relating to the above clauses as provided to body corporate for providing service; and
Any of the information received under above clauses by body corporate for processing, stored or processed under lawful contract or otherwise:
provided that, any information that is freely available or accessible in public domain or furnished under the Right to Information Act, 2005 or any other law for the time being in force shall not be regarded as sensitive personal data or information for the purposes of Rules.
Collection of Information:
Compliance with KYC guidelines as per SEBI / Exchanges / Or any other Act, law or regulation requiring the same and any internal KYC guidelines formulated by Sharekhan Comtrade Private Limited.
In order to provide enhanced trading experience to the client.
In order to provide any further information to be provided to regulators.
Such information may be collected in a manner that the client is always aware of the collection and purported usage of the same. The client shall have an option to withdraw consent to share the information. However such intimation shall be required in writing. Such intimation shall only be taken into account from the date on which the same is received. Sharekhan Comtrade Private Limited may choose to stop services to such a client in case such intimation is received. Such information shall only be used for the purpose it is collected.
Clients would be allowed an option not to disclose any information to be collected, provided the same is in compliance with regulatory requirements.
Disclosure of information:
Disclosure of sensitive information would be as per the terms agreed by the clients. For any change in such terms, the clients would be informed.
Provided no consent may be required in case the same is being shared as per compliance guidelines or as required by regulators.
Any information being disclosed to third parties would be in accordance with the Rules and would be done provided such third party has the same level of compliance guidelines as Sharekhan Comtrade Private Limited.
Sharekhan Comtrade Private Limited shall allow clients to review their personal information and the same shall be allowed to be edited provided exchange guidelines relevant to the same are followed.
Sharekhan Comtrade Private Limited shall maintain reasonable security practices and procedures and maintain a comprehensive documented information security programme. In the event of an information security breach, Sharekhan Comtrade Private Limited or a person on its behalf shall be required to demonstrate as and when called upon to do so by the agency mandated under the law, that there have implemented security control measures as per their documented information security programme and information security policies and information security policies that contain managerial, technical, operational and physical security control measures that are commensurate with the information assets being protected with the nature of business.
KYC Languages
Download Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don't's) in Vernacular Language :
Note: "This document is a translated version of the client registration documents in English and is being provided in vernacular language to facilitate better understanding by the investors. In case of any ambiguity, the contents of the English version would prevail."
NDNCR Terms & Conditions
By accepting the Terms & Conditions, you authorise Espresso, its representatives and agents to provide information about various products, offers and services provided by Espresso through any mode, including telephone calls, SMSes, emails, letters and any other mode of communication. You also confirm that laws in relation to unsolicited communication referred in "National Do Not Call Registry" as laid down by "Telecom Regulatory Authority of India" will not be applicable for such information/communication.
Filing Complaints on SEBI Complaint Redress System (SCORES) - Easy and Quick
Register on the SCORES portal
Mandatory details for filing complaints on SCORES:
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Benefits:
Effective communication
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You can file complaints on SCORES through https://scores.gov.in/scores/Welcome.html