This review and comparison of Espresso Vs Upstox stockbroker will going to help you to find the best between both, myespresso by Sharekhan has launched as an separate entity for discount brokerage services, as Sharekhan itself is a full-time stock broker like ICICIDirect offering all sorts of recommendation based paid services.

Sharekhan is one of the largest brokers in India, was founded in 2000 and a subsidiary of BNP Paribas since November 2016.

We will be comparing different services such as brokerage, web/desktop based trading platform (Myespresso App vs Upstox Pro 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 according to the latest NSE Data.

Upstox in terms of active clients in India recently they outpaced Zerodha, they have about 89,27,803(8.9 millions) whereas Espresso Broker launched last year on 22nd September 2020 created staggering 5,94,040 active clients within 5 year of its launch.

Looking at this number it does shows the trust espresso have created for users in their products and services.

Just to let you know, you can read the detailed review of Upstox here, similarly checkout the detailed review of Espresso Broker here.

Let us now move on to compare these brokers Upstox Vs Espresso in detail below step by step, However if you do not have time to read the complete comparison Below is the overall comparison talking about the clear cut and precise information of who is best among Espresso Broker and Upstox taking all parameters by which you can make your decision.

 

Espresso Vs Upstox 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.

1. Upstox have fantastic trading platform for desktop/web/mobile app, you can do fundamental as well as technical analysis quite easily and is better than Espresso platforms.
2. Upstox also have third party integration of software such as sensibull for options strategies and smallcase for portfolio based investments, Tickertape, sentinel etc. for its users, espresso do not have this service as of now.
3. Espresso brokerages are little lower than Upstox, they charge in equity Rs.20 or 0.03% (whichever is lower) Upstox charges Rs.20 or 0.05% (whichever is lower) Espresso and Upstox both offers free equity delivery trades as well.
4. Upstox offers brokerage or say commission free mutual funds investment and platform for its users this is not available at Espresso as of now.
5. With Upstox You can trade and Invest in Stocks, IPO’s/NFO, ETF, SGB, FNO, Commodity, Digital Gold, Mutual Funds, Commodity, Currency segments.
6. with Espresso you can trade and invest in all segments i.e. Equity, FNO, Commodity, Currency segments, there is no option to invest in mutual funds or golds as of now.
7. Call and trade charges are Rs.50 for Espresso and Rs.20 for Upstox if you use, Other charges such as stamp duty, DP, transactions charges remains same for both.
8. You can expect good customer service from both stock brokers.
9. If we talk about Margin at Espresso Vs Upstox, after SEBI Rules on Intraday margin every stockbroker is giving same margin 5X throughout India, hence this does not matter anymore.
10. Espresso 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.
11. Upstox do charges one time account opening fee of Rs.149 and Rs.25 p.m. for AMC (Annual Maintenance Charge) at the year end. However, for a limited time period you can open a free upstox account here.
12. Upstox and Espresso both also gives Margin Trading Facility for up to 4X leverage (50% funds) from for Equity Delivery trading or buying certain stocks and holding them.
13. Other than this you can make investment in T-Bills, SDLs, Fixed Income Bonds & NCDs with Upstox but this is not available as of now with Espresso.
14. Overall, Upstox when compared on all parameters is still better than Espresso as of now.

 

Now, it is up to you to decide which one you choose as both have everything that is needed to trade and invest in stock market hassle free online.

Overall, Upstox is better stockbroker than Espresso if you want to invest and trade in stock market without any doubt.

💡 Whether you’re just getting started or scaling your trades, Upstox gives you the edge with lower costs and powerful features.

👉 Join Upstox today and start your investing journey with a winning platform!
Click here to open your FREE account now

🔗 Don’t miss out—start smart, trade smarter with Upstox!

Let us now know some of the reason to open an trading and demat account with Upstox:

 

Reason To Open Upstox Demat & Trading Account?

India’s Highest-Rated Stock Market App with 1.3 Cr+ users and growing 🚀

Looking for a powerful and feature-rich trading platform? Whether you’re a pro trader or a long-term investor, Upstox offers everything you need in one place.

🔁 Modes for Every Type of User

🧠 1. Upstox PRO – For Active Traders

Trade in F&O, Currency, Commodity, and Equity with advanced tools and insights:

🔍 Discover Trades with Ease:

• Option Chain Tool with customizable Greeks, Max Pain, PCR & more
• Smartlists: Top Traded, OI Gainers/Losers, Most Active
• Futures Heatmap: Visualize market trends
• Ready-Made Option Strategies built right into the app
• Currency & Commodity Futures in one platform

📊 Advanced Trade Analysis:

• TradingView + ChartIQ integration with 100+ indicators
• In-depth Open Interest (OI) analysis for indices
• Accurate FII + DII data for smarter decisions

⚙️ Powerful Order Tools:

• Place 20-leg Basket Orders instantly
• Automate risk with GTT + Trailing Stop-Loss
• Margin Pledge: Get up to 90% collateral margin
• 4X Leverage for Equity Delivery
• 5X Intraday Margin on stocks

📈 2. Upstox – For Long-Term Investors

Invest in Stocks, Mutual Funds, ETFs, IPOs, Bonds & more

📌 Stock Investing:

• Browse 5,000+ stocks with curated lists (Top Gainers, Movers, Sector-based)
• Fundamentals: PE ratio, dividend yield, analyst ratings
• Stock SIPs & 365-day limit orders
• 6-point checklist for better decisions
• Easy intraday and delivery trading

📊 Mutual Funds & ETFs:

• 15+ Mutual Fund categories, SIPs from ₹100
• Save more with Direct Plans
• Built-in SIP Return Calculators
• Smart ETF tracking: error, liquidity & more

🪙 Gold & Govt-Backed Investments:

• Sovereign Gold Bonds: 2.5% interest + tax-free maturity
• Access to T-Bills, SDLs, Fixed Income Bonds & NCDs

🚀 IPOs:

• Pre-apply for upcoming IPOs
• Track recently listed IPOs
• Easy UPI payments (GPay, BHIM, etc.)

 

💼 What Makes Upstox the Best Choice?

• ✅ Limited Time Free Account Opening – Zero AMC, online KYC
• ✅ ₹0 Brokerage on Mutual Funds, IPOs, Gold Bonds
• ✅ Flat ₹20/order on Equity, F&O, Currency & Commodity
• ✅ Access to UpLearn – Learn strategies, trading & more
• ✅ Invest in P2P Lending & Fixed Deposits
• ✅ Tools for every level – from beginner to pro

 

🏁 Ready to Get Started?

🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!

✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee

Now, let us go dive deep to cover all different services and features of Espresso and Upstocks step by step and see who is best between both discount brokers by doing in depth analysis.

 

About Espresso Vs Upstox:

 

 

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”.

 

 

RKSV Securities later changed to Upstox was founded in 2011, it was founded by Ravi Kumar, Raghu Kumar and Shrinivas Viswanath. RKSV stands for the initials of their names (RK for Ravi and Raghu Kumar and SV for Shrinivas Viswanath) later in 2016 the name has been changed to Upstox.

Upstox is backed by none other than Ratan Tata, Kalaari Capital, GVK Davixa and Tiger Global, recently they have announced building technology and platform to trade in US markets as well by next year. Upstox is a SEBI registered discount broker and member of NSE, BSE, MCX.

You can trade and invest in different segments such as Equity, Derivatives, Commodity, Currency Futures, Mutual Funds, IPOs. They are depository participant (DP) for both NSDL and CDSL.

As I have already told you they have more than 8.9 million active client base and total client is near about 10 million which makes them one of the reliable and best brokers for both trades and investors.

There office is registered at New Delhi and also has a correspondence office in Mumbai.

Recently Upstox have announced building technology and platform to trade in US markets as well.

 

Espresso Vs Upstox Brokerages Comparison:

Brokerage is the most important factor when you trade and invest, both Upstox and Espresso 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 0.01% 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 0.01% of 20000, is Rs.2 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.

 

Upstox Brokerage Structure:

Let us know about the brokerage of upstox,

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 0.05% of 20000, is Rs.10 so they will charge that instead of flat Rs.20.

Moreover for investing in mutual funds there are no brokerage or commission is charged at upstox at all.

So , overall the brokerage charges for both stock brokers are kept at quite decent priced considering the broking industry norms. Having said that espresso is charging little less in comparison to upstox.

 

Espresso Vs Upstox Account Opening Charges:

If we talk about Espresso

To open a trading/demat account at espresso they charge Rs.375, Whereas the Annual Maintenance charge (AMC) is Rs 400/year + GST charged quarterly.

The account opening charges at upstox are Rs 149

Keep in mind this charges are only a one time fee for opening the account

There will be a monthly maintenance charge of Rs 25 (excluding GST), which will be charged at the in total end of year.

Overall, AMC charged at upstox is less in comparison to Espresso.

However, for a limited time you can

🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!

✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee

 

 

Espresso Vs Upstox Account Opening Process Online:

The account opening process is online and it’s very seamless and smooth. Here is what you need to do:

To open an account with Upstox online, you can sign up using your mobile number

Similarly, to open an account with Espresso online, you can sign up using your mobile number on their website

You will receive an OTP to your number and you can get started with the process.

You will be required to enter your PAN, Bank account details and personal details to continue with the sign-up.

Once you sign up you need to upload certain documents listed below:

1. Your PAN card

2. Your Aadhaar

3. To complete the e Sign process, you will have to authenticate it with an OTP. So, make sure you have the number linked to your Aadhaar handy. If not, you will not be able to complete the process. If the number linked to your Aadhaar is inactive, or if you don’t have any number linked, then you can visit your nearest Aadhaar Seva Kendra to get it updated.

4. A photo or scanned copy of your signature proof will be required to be uploaded.

6. Income proof – It is mandatory to submit income proof if you wish to trade in Futures and options – Equity, Commodity, and Currency.

You can submit one of the below documents.

1. Form-16
2. Income tax returns acknowledgment
3. 6-month Bank statement
4. Latest salary slip
5. Demat holding statement, or
6. A CA certifying your net worth

Note: The documents mentioned are for a Resident Individual Account.

 

 

 

Espresso Vs Upstox Trading Platform Comparison:

The most important part of any trading platform is the tools and resources it has for technical and fundamental analysis.

let us talk about Espresso trading platform in detail.

There are 3 trading platform offered by Espresso for all devices:

1. Binge (downloadable version) for desktop/laptop
2. www.myespresso.com is the web version 
3. 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

• View multiple market data points at one glance
• One click creates script and indices heat map
• One click to view the advance/decline of indices

 

 

A watchlist that’s simple and hassle-free

Quick updates that help you stay ahead of the curve   

• Super-quick price updation
• Real-time price-based signals
• Support/Resistance levels to aid decision-making

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

• Track all-time and 52-week highs/lows of multiple stocks together
• Track multiple stocks’ performances across different time frames

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

• Real-time feed updates across all segments
• Enjoy multiple views free of cost
• Customizable top menu bar
• Link your market-watch across Exchanges/scrips and time
• View and operate on 6 charts with a single click!

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.

 

Taking about Upstox they have partnered with three major desktop based trading platform apart from one browser/web based and mobile based platform:

If we talk about the desktop based trading platform at upstox unlike other stockbrokers who only either have a dedicated platform built in-house or partnered with others, Upstox offers it clients 3 desktop based platforms free.

1. NEST Trader
2. Dartstock
3. Foxtrader

All of them offers different functionalities, tools, resources however it won’t be possible to discuss all of them as the post will be become unnecessary long,  instead will see the features in brief and what to expect from them.

Upstox NEST Trader/Darstock/Foxtrader – They all are desktop based trading platform, which means you can download the software and can install it on you PC or laptop. The file size is only around 25 MB which is quite low and gets downloaded easily. You can use it by logging in through client id and password given after account opening an start placing trades online.

Upstox PRO WEB – It is a is a 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.

Upstox Pro Mobile App – It is a mobile based app,  you can use and place your trades in mobile itself instead on logging to your desktop or laptop.

As I can’t discuss all platforms alone in this post which by the way you can read in detailed upstox trading platform review here, we will only see the one downloadable version trading platform offered by upstox and their functionalities.

 

Upstox Dartstock Trading Platform Review:

Upstox has partnered with iDarts to offer you the Dartstock software for free, it offers valuable features and insights  that you won’t find it with any other broker, few of them are listed below:

Scanners: It comes with four predefined scanners which are:

• Trend scanners
• Live scanners
• Open vs. high/low
• Opportunity finders

These scanners help you set particular criteria and find the right stocks that meet your criteria.

 

 

Scans markets for trades with filters depending on Quantity, Traded Value, Index, Sector or personalized watchlist group. Scans markets for scrips in Equity & Futures segments. Highs & Lows of the day, 1 week, 2 weeks, 1 month, 1 year.

 

 

Spots trends when market is in Bullish Zone or a Bear Zone. you can also tracks changes in Open Interest in any particular scrip or whole index.

 

 

Check out Futures % Spreads between Near & Spot, Near & Next, Next & Spot. Shows volumes for all equity scrips in the watchlist. Shows % roll over for all equity scrips in the watchlist. One can also create scrips breaching Resistance or Support levels automatically. Also create special watchlist for those scrips with exceptionally high traded volume.

 

 

One can also create scrips that have recovered most from a low and those that have fallen most from an intraday high.

 

 

You can Choose and use the best candlestick patterns or other different types of chart such as Renko chart, Bar chart etc.

Upstox trading platform also has all the required charting and more than 100+ indicators indicators like major ones MACD, BOLLINGER BANDS, RSI, S&R, Volume etc.

Overall the Dartstock desktop based trading platform offered by upstox is a great platform and has all components one may need for effective trading and investing.

You can also run fully automate strategies on charts & scanners. Generate planned and fast orders with the help of API from any third party such as Ninjatrader or Amibroker etc.

Apart from this upstox also has an API for developers who wants to create their own platform in programming languages such as python.

So, Overall Upstox trading platform whether desktop/web or mobile indeed is much better than Espresso due to its tools and resources it has for users.

 

My Opinion On Espresso Vs Upstox:

I hope you have now thoroughly understood most of the services offered by Espresso and Upstox, if you ask me in Espresso vs Upstox who is better?

Upstox is better option as an stockbroker in comparison to espresso as it has made its place in the Indian stock broker industry with their fast and efficient trading platforms, sophisticated charting software’s combined with speed and reliability as well ease of opening the account online paperless.

The charges and brokerages are very much reasonable in comparison to other brokers, if you are thinking of opening a trading/demat/mutual fund as well as bank account, than do not put any second thought.

If I have to rate upstox overall as an leading discount broker I will give it 9.5 out of 10,

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.

Espresso by Sharekhan has all that is required for being one of the best in broking industry, If I have to rate Espresso 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 8.2 out of 10.

Upstox is the best choice as it is no longer just a low-cost broker—it’s evolved into a smart, trader-focused ecosystem. Whether you’re a beginner, swing trader, or options expert, it offers tools that espresso with you.

If you’re tired of minimal tools or outdated workflows, Upstox gives you the perfect edge in the fast-moving world of Indian stock markets.

Upstox is much better than espresso If we do a overall comparison of various charges, features hence I would advise anyone to go with upstox and avoid espresso any day.

and if you’re serious about trading—especially in derivatives, intraday, or using market tools—Upstox is clearly the better platform.

It offers a perfect balance of affordability, functionality, and professional-grade tools that espresso lacks.

So, if you are more of a trader making intraday trades on daily basis and looking for investing and trading in other segments than you should go with Upstox without any doubt.

👉 Ready to switch or start fresh? Click here to open your free Upstox account now and experience the next generation of trading!

🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!

✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee

 

If, you have liked the content please do share it with your friends or on social media, as sharing do bring the good karma. If you have any questions or feedback you can leave them in comment box below.

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🏆 Best Demat & Trading Account in India (2025) – Dhan vs Upstox vs Zerodha vs Groww

 

Here is the list of things as a beginner you should know, if you are thinking for doing intraday trading.

A brief understanding of

How share market works?

How To Invest In Indian Stock Market – Explained With Examples For Beginners

Learn about the basics of candlestick chart patterns and how to use them for intraday trading and investing. You should also learn about the best moving averages to use for better trading result.

Checkout Mastering Intraday Trading: A Beginner’s Guide to Profitable Strategies in the Indian Stock Market

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.

6 Reasons Why ETF Going To Be Next Big Thing In India

If, you have liked the content please do share it with your friends or on social media, as sharing do bring the good karma. If you have any questions or feedback you can leave them in comment box below.

Note: Please do not take this as any recommendation, to trade or invest. This is just for reference, to make you understand more about Upstox Vs Espresso and its importance, under no circumstances intended to be used or considered as financial or investment advice, a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset.

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.