FxPro's websiteEspresso in India — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%100
- Track record10%30
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- Espresso, discount-broking unit of Sharekhan Ltd (Mumbai); Sharekhan owned by Mirae Asset (formerly BNP Paribas).
- Founded
- 2020
- Currencies
- INR.
- Swap-free account
- no
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Espresso, discount-broking unit of Sharekhan Ltd (Mumbai); Sharekhan owned by Mirae Asset (formerly BNP Paribas).
- Local standing
- SEBI-regulated domestic discount broker.
- Licence as the register states it
- SEBI-registered stock broker (via Sharekhan Ltd); NSE/BSE/MCX member; NSDL & CDSL DP. Exact reg no not verified at review.
- Leverage for this entity
- Intraday leverage per SEBI peak-margin rules; MTF on delivery. Exact multiples not verified at review.
- The firm behind it
- Launched by Sharekhan (est. 2000) as its discount-broking brand; Sharekhan now under Mirae Asset.
- What we hold against it
- Backed by established Sharekhan brand; no major SEBI action verified at review.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Intraday leverage per SEBI peak-margin rules; MTF on delivery. Exact multiples not verified at review.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic discount broker.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading, flat-fee, subscription-style plans. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Espresso sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking.
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- Espresso web
- mobile app
- desktop
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Authorised by the India regulator in its own register
- Safety 100 of 100, its strongest of 3 scored axes
- 3 platforms: Espresso web, mobile app, desktop
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 6IN
- Min deposit, USD
- 10IN
- Leverage
- 3000IN
- Rank in this country
- #11
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Rank in this country
- #26
- Round turn, USD
- 10IN
- Min deposit, USD
- 15 groupIN
- Leverage
- 500 group
- Rank in this country
- #61
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Espresso |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 30 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Espresso accept residents of India?
- Yes. SEBI-regulated domestic discount broker. Onboarding entity: Espresso, discount-broking unit of Sharekhan Ltd (Mumbai); Sharekhan owned by Mirae Asset (formerly BNP Paribas).
- Is Espresso licensed to serve clients in India?
- SEBI-registered stock broker (via Sharekhan Ltd); NSE/BSE/MCX member; NSDL & CDSL DP. Exact reg no not verified at review. Checked on 09.07.2026.
- Which trading platforms does Espresso support?
- Espresso web, mobile app, desktop. Instruments: Equity delivery/intraday, F&O, currency, commodity, mutual funds, IPO.
- How can I withdraw money from Espresso in India?
- UPI, net-banking.
- What account types does Espresso offer?
- Demat+Trading; flat-fee and subscription-style plans.
- Does Espresso offer a swap-free (Islamic) account?
- No. Espresso publishes no swap-free (Islamic) account for India.