Anand Rathi vs Espresso – Compare Charges, Trading Features, Offers & more

In the world of discount broking, two prominent names are Anand Rathi and Espresso. For brokerage-conscious investors, discount brokers are the best resort as they offer reliable stock trading services at reduced brokerage.

Anand Rathi and Espresso, both discount brokers, are registered with SEBI and are quite popular among stock traders and investors. If you don't want to splurge on heavy brokerage, you can choose from these two discount brokers. However, many times traders and investors get confused between Anand Rathi and Espresso. So, here is a post that does a thorough comparison of both the discount brokers and helps you choose the best between them.

 
 

Overview – Anand Rathi vs. Espresso

Anand Rathi – Started its journey in 1994, Anand Rathi has come a long way in the discount broking space. It allows traders and investors to invest in stocks, currency, and derivatives (F&O). It is a member of BSE and NSE. The broker was set up by IIFL founders.

Espresso – Started in 2020, Espresso is a registered discount broker based out of Bangalore. It offers stock and commodity trading services at NSE, BSE, and MCX. It also offers Demat services through its CDSL membership.

Anand Rathi and Espresso, both stockbrokers, rely heavily on the latest technology to offer best-in-class trading services to their clients.

Anand Rathi vs Espresso – A Comprehensive Company Overview and Comparison

Company Overview Anand Rathi Espresso
Company Type Public Private
Broker Type Discount Broker Discount Broker
Headquarters Mumbai Mumbai
Founder Anand Rathi Jaideep Arora
Establishment Year 1994 2020

Brokerage Charges Comparison of Anand Rathi vs. Espresso

Brokerage is an intrinsic part of any stock broker and it is the first thing traders and investors look at while investing. Below are the brokerage details of Anand Rathi and Espresso the stockbrokers. The following brokerage comparison would help you look at the both brokers side by side.

Anand Rathi vs Espresso - A Detailed Brokerage Comparison

Brokerage Anand Rathi Espresso
Brokerage Plan Standard Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery 0.30% of Transaction Value Free
Equity Intraday 0.30% of Transaction Value Rs.20 per Trade or 0.03% (Whichever is Low)
Equity Future 0.30% of Transaction Value Rs.20 per Trade or 0.03% (whichever is low)
Equity Option Rs.50 per Lot Rs.20 per Trade
Commodity Future 0.03% of Transaction Value Rs.20 per Trade or 0.03% (whichever is low)
Commodity Option Rs.25 per Lot Rs.20 per Trade
Currency Future 0.03% of Transaction Value Rs.20 per Trade or 0.03% (whichever is low)
Currency Option Rs.25 per Lot Rs.20 per Trade

Equity

Equity refers to the ownership in a business that one can buy through a broker.

Equity delivery: If you hold your share (equity) for more than two days in your Demat account and sell it after that, a percentage of the gain will go to the broker. While Anand Rathi charges 0.30% of Transaction Value per Trade based on whichever is of the lower value, Espresso charges Free per Trade equity delivery.

Equity Intraday: Anand Rathi charges 0.30% of Transaction Value per trade.

Equity Futures: Espresso charges Rs.20 per Trade or 0.03% (whichever is low), whereas Anand Rathi charges 0.30% of Transaction Value per trade.

Equity Options: Espresso charges Rs.20 per Trade per trade, whereas Anand Rathi charges Rs.50 per Lot per trade each order.

Currency

Currency Future: Espresso charges Rs.20 per Trade or 0.03% (whichever is low) per trade for currency futures, whereas Anand Rathi charges 0.03% of Transaction Value per trade, depending on which is the lower value.

Currency Options: Espresso charges Rs.20 per Trade each trade for currency options, compared to Rs.25 per Lot per trade for Anand Rathi.

Commodity

Commodity Future: Espresso costs Rs.20 per Trade or 0.03% (whichever is low) per trade for commodity futures, whereas Anand Rathi charges 0.03% of Transaction Value per trade, depending on which is the lower value.

Commodity Options: Espresso charges Rs.20 per Trade each trade, whereas Anand Rathi charges Rs.25 per Lot per trade for commodity options.

Trading Platforms Comparison of Anand Rathi vs. Espresso

A trading platform lets traders and investors trade in stocks easily and effectively. Most stockbrokers offer trading platforms for desktop computers and smartphones. Both Anand Rathi and Espresso offer advanced trading platforms for Android and iOS systems. Also, one can access their account on web browsers through a web trading link.

Anand Rathi vs Espresso - A Complete Comparison of Trading Platforms

Trading Platforms Anand Rathi Espresso
Android App Anand Rathi Android App Link Espresso Android App Link
iOS App Anand Rathi iOS App Link Espresso iOS App Link
Web Trading Platform Anand Rathi Web Trading Link Espresso Web Trading Link
Trading Terminal Available Available
Algo Trading Platform Available NA
Foreign Stocks Trading Platform NA NA
Basket Trading Platform NA NA
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

Espresso used an advanced technology named ANT, meaning Analysis & Trade. It comes with three basic features that are needed to invest in stocks and commodities. The backend technology behind ANY is Omnesys NEST. Some of the major features of ANT are customized trading strategies, advanced charts, superior speed, historical data, technical indicators, and enhanced accessibility etc. The application's mobile version, ANT Mobi, enables users to analyze and trade different financial instruments at NSE, BSE, and MCX. The app features easy-to-use tools, real-time market information, market analysis, quick order placement, etc.

On the other hand, Anand Rathi also offers a wide range of trading platforms to its users including desktop application, web portal, and mobile application. The desktop application, Trade Station EXE, has features like quick funds transfer, advanced charting, customized watchlists, order slicing, shortcut keys, etc. It also provides algo trading tool that utilizes advanced technologies to enable automatic trading. Anand Rathi mobile trading app has various features like robo advisory, advanced charting, mutual funds investment, SIP investments, real-time quote streaming, currency trading, etc.

Anand Rathi vs. Espresso – Comparison of Trading Features

Now, let's look at some of the major trading features offered by Anand Rathi and Espresso.

  • Wishlist: If you wish to monitor a company's stock or a digital commodity, you just need to it to your Wishlist for close monitoring.

  • Real-Time Updates: Get timely updates on market trends, stock prices, and other details with this feature.

  • Portfolio Details A portfolio refers to a detailed snapshot of your investments, including stocks, bonds, commodities, and more, all in one place.

  • Online MF Buy: This facility allows you to buy or sell mutual funds (MF) right from the trading platform or mobile application.

  • Research Reports: The above feature offers you a comprehensive overview of different stocks and sectors in the stock market.

  • Global indices: It provides real-time data on all leading global stock market indices such as Sensex and Nifty.

  • Customized Recommendations: Given your investment objectives, trading behavioral patterns, and other factors, this feature let you get personalized investment suggestions.

  • Stock tips: Get valuable tips on which stocks to buy, hold, or sell centered on market trends to generate profit.

  • Interactive charts: The chart enables you to see the variation in price movements of any individual stock or digital commodity, which helps you better analyze when to buy or sell.

  • Live market: Get live updates on market movements and trends.

  • Multi Profile Management: Manage multiple trading profiles from a single account.

  • Robust & Secure Platform: This feature ensures a secure trading environment with next-gen security features that would not put your money, security, or data at risk.

Anand Rathi vs Espresso - A Comprehensive Comparison of Trading Features

Trading Features Anand Rathi Espresso
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports Yes No
Global indices No No
Customised Recommendations No No
Stock tips Yes No
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management Yes No
Robust & Secure Platform Yes Yes

Anand Rathi vs. Espresso – Comparison of offer

A majority of stockbrokers offer several types of discounts and additional offers to both existing and potential clients. Let’s look at them.

Free Account Opening and Maintenance (AMC) - By doing away with the outdated paper method, a Demat (dematerialization account) enables you to retain your shares in digital form. The National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), where depositors (brokers) place the securities, are governed by the Indian government.

They can now hold securities in electronic form, such as stocks, commodities, bonds, and exchange-traded funds (ETFs), thanks to the establishment of depository types like the CDSL and the NSDL. CDSL depository participants (DPs) include the brokers Anand Rathi and Espresso. When opening an account with the brokers, there are no demat fees.

However, once your demat account is opened, additional fees are assessed, including stamp duty, government fees, broker fees for each trade, and AMC (account maintenance fees), among others. Thankfully, there are no fees associated with the AMC. For the other brokerage fees, see 'Compare the Brokerage of Anand Rathi with Espresso'.

  • Free Brokerage: You can make a few trades using the aforementioned option without paying brokerage fees. This option is available through both Anand Rathi and Espresso brokerages, however it is restricted to particular trades.

  • Flat Brokerage: In contrast to the free brokerage charge, the flat brokerage charge levies a set fee irrespective of the volume of trades. This option is available through both brokerage firms, Anand Rathi and Espresso.

  • Flexible Brokerage Plans: Each broker provides a variety of brokerage plans, each with unique advantages. Depending on your unique trading requirements, you can select one. Espresso offers this option, while Anand Rathi does not.

  • Happy Trading Hours: Happy Trading Hours is where you can trade at reduced or zero trading fees at particular hours during the day. Both brokerage companies, Anand Rathi and Espresso, do not offer this option.

  • Free Delivery Trading: The above option lets you buy and hold your security without paying brokerage charges. While Anand Rathi does provide this option, Espresso does not.

  • Free Intraday Trading: Buying and selling your security during the same business day, generally from 9:15 a.m. to 3:30 p.m., is considered an intraday trade. Both brokerage companies, Anand Rathi and Espresso, do not offer this option.

  • Free F&O Trading: The above option allows you to participate in future and option trades without paying brokerage charges. However, neither the brokerage company Anand Rathi nor Espresso offers this option.

  • Free Research Reports: The above option offers you a detailed analysis of various stocks and sectors in the financial markets at no additional cost. However, neither the brokerage company Anand Rathi nor Espresso provides this option.

  • Free Trading Calls: It offers you trading signals or suggestions at no additional cost. However, neither the brokerage company Anand Rathi nor Espresso provides this option.

  • Referral Offers: Going by its name, referring your friend or family to the platform would benefit you. While Anand Rathi gives Rs.250 per Client, Espresso gives Rs.300 per Client.

Anand Rathi vs Espresso - A Comparison of Latest Offers

Offers Anand Rathi Espresso
Free Account Opening Yes No
Free AMC Yes, Limited No
Free Brokerage No Yes, Limited
Flat Brokerage Yes Yes
Flexible Brokerage Plans Yes No
Happy Trading Hours No No
Free Delivery Trading No Yes
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports Yes No
Free Trading calls Yes No
Referral Offers Rs.250 per Client Rs.300 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No Yes

Offered Products Comparison of Espresso vs. Anand Rathi

When it comes to choosing a discount broker, it is necessary to look at different types of products offered by the Anand Rathi and Espresso.

Below is a table that highlights the products offered by the stockbrokers.

Anand Rathi vs Espresso – A Complete Comparison of Products

Products Provided Anand Rathi Espresso
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes Yes
Commodity Future Yes Yes
Currency Option Yes Yes
Currency Future Yes Yes
Foreign Stocks Yes No
Mutual Funds Yes Yes
Banking No No
Insurance Yes No
Corporate Bonds Yes No
Govt. Bonds Yes No
Digital Gold No No
  • Equity Delivery: When the stock is allotted to your Demat account and it resides there for months or years before you choose to sell, it is called a delivery trade.

  • Equity Intraday: If you buy and sell your share (equity) within same business day, typically between 9:15 a.m. and 3:30 p.m. Then, it is called an intraday trade. Both discount brokers offer this product.

  • Equity Option: It refers to buying or selling a particular no. of shares (equity) at a particular date at pre-set price, it is called the strike price.

  • Equity Future: Purchasing or disposing of stock at a predetermined time, price, and quantity.

  • Commodity Option: Commodity options, which include raw materials or primary agricultural goods like gold, silver, or oil, entail the purchase or sale of a predetermined quantity of units on a predetermined date at a predetermined price, known as the strike price, within a predetermined time frame.

  • Commodity Future: Buying or disposing of digital commodities (such as agricultural goods or raw materials like gold, silver, or oil) at a predetermined time, price, and quantity in the future.

  • Currency Option: As the name implies, this option entails purchasing or disposing of currency (foreign exchange) at a given time, price, and quantity in the future.

  • Currency Future: Currency options (foreign exchange) entail the purchase or sale of multiple units on a given date at a predetermined price, known as the strike price, within a given time frame.

  • Foreign Stocks: Trading international equities while seated in India. To trade equities like Apple, Google, and others in India, for example, you could trade stocks from the USA.

  • Mutual Funds: Mutual funds (MF) combine your money with that of a number of other investors who share your interests in order to buy stocks, bonds, and other securities. The mutual fund aims to lower risk and diversify your investments.

Offered Services Comparison of Anand Rathi vs. Espresso

Now, let’s look at some of the major services offered by Anand Rathi and Espresso.

Anand Rathi vs Espresso – An In-Depth Comparison of Services Offered

Services Provided Anand Rathi Espresso
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account No No
Stock Research Yes No
Stock Recommendations Yes No
Trading Institution No Yes, Bootcamp
Share Pledging Yes Yes
PMS or PCG Yes No
NRI Services Yes No
  • Demat Services: A Demat account is used to buy, hold and sell securities. Both brokerage companies, Anand Rathi and Espresso, offer Demat services.

  • Trading Services: Both brokerage companies, Anand Rathi and Espresso, provide this service.

  • Intraday Services: Both discount brokers, Anand Rathi and Anand Rathi, offer intraday trading services.

  • F&O Services: This option is available from both Anand Rathi and Espresso brokerages.

  • IPO Services: This option is available from both Anand Rathi and Espresso brokerages.

  • 3-in-1 account: This type of account is inclusive of a banking, demat, and trading account. Both Anand Rathi and Anand Rathi don't have this service.

  • Stock Research: Anand Rathi and Espresso do not provide this service.

  • Stock Recommendations: Both, Anand Rathi and Espresso do not offer this option.

  • Trading Institution: This option is available from both Anand Rathi and Espresso brokerage companies.

  • Share Pledging: You can pledge your previously purchased shares to purchase the new shares if you wish to purchase shares but do not want to make an additional financial commitment. This option is available from both Espresso and Anand Rathi brokerages.

  • PMS or PCG: Portfolio Management Services (PMS) or Private Client Group (PCG) provide tailored investment recommendations according to your requirements.

  • NRI Services: Non-Resident Indians (NRIs) can trade in the Indian market with the assistance of certain brokers. Nevertheless, Anand Rathi and Espresso do not offer this choice.

Stock Advisory Service Comparison of Anand Rathi vs. Espresso

Stock advisory is one of the prominent services offered by different stockbrokers. One major objective behind offering these services to help traders and investors in selecting the most appropriate stocks for trading or investment.

In the world of investing, stock advisory is provided by offering several other elements related to different stocks. These include company reports, research reports, fundamental reports, stock tips, IPO reports, annual reports, technical reports, daily top stock picks, daily market review, monthly review, weekly review. You can refer to the following table to determine what advisory product is provided by Anand Rathi and Espresso.

Anand Rathi and Espresso - A Detailed Comparison of Advisory Services

Advisory Anand Rathi Espresso
Fundamental Reports Yes No
Research Reports Yes No
Company Reports Yes No
Annual Reports No No
IPO Reports Yes No
Technical Reports Yes Yes, chargeable
Stock Tips Yes Yes, chargeable
Daily Top Stock Picks Yes No
Daily Market Review No No
Monthly Review No No
Weekly Review No No
Relationship Manager Yes Yes, chargeable
Robo Advisory No Yes

Exposure Comparison of Anand Rathi vs. Anand Rathi

Exposure can be stated as a proportion of an investment portfolio or in monetary terms. Regular exposure monitoring is crucial.

Let's find out the exposure provided by Anand Rathi and Espresso below.

Anand Rathi and Espresso - A Comprehensive Comparison of Trading Exposure

Exposure Anand Rathi Espresso
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Comparison of Programs by Anand Rathi vs. Espresso

There are more opportunities to profit from discussing and promoting Anand Rathi & Espresso, just like we did when we compared the Referral scheme in the first sections of this article. For example:

  • Sub-broker Program: You or your business may register as an agent of the broker, in this case Anand Rathi or Espresso, and conduct business (helping clients trade) under their supervision and registration.

  • Partner Program: By becoming a partner, you can earn commissions for generating leads and helping with marketing.

  • Referral Program: As the name implies, you would gain from introducing your loved ones to the website.

Anand Rathi vs Espresso - A Comparative Analysis of Programs

Programs Anand Rathi Espresso
Sub Broker Program Yes Yes, Limited
Partner Program Yes Yes
Referral Program Yes Yes

Customer Support Comparison of Anand Rathi vs. Espresso

Customer service is the foundation of any company. Any customer can become a devoted, long-term client thanks to it.

Below is a table highlighting the customer services offered by Anand Rathi and Espresso.

Anand Rathi and Espresso - A Comprehensive Comparison of Customer Support Services

Customer Support Anand Rathi Espresso
Trading Support Available, Free Available, Chargeable
Dedicated Dealer Available, Free Available, Chargeable
Call Support 0291-6661001 022-67670700
Email Support customersupport@rathi.com igc@mAvailablepresso.com
Whatsapp Support NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link NA
Branches / Offices Available NA

Ratings – Anand Rathi vs. Espresso

Examine and contrast all of the factors in detail, including the goods and services provided by Anand Rathi & Espresso and other brokers.

Here is how we have evaluated them:

Anand Rathi vs Espresso – Ratings Comparison and Insights

Ratings Anand Rathi Espresso
Overall Rating 7.90 / 10 7.85 / 10
Customer Support 7.87 / 10 7.82 / 10
Technology 7.99 / 10 7.94 / 10
Charges 7.93 / 10 7.88 / 10
Products & Service 7.85 / 10 7.80 / 10
Experience 7.84 / 10 7.79 / 10

Complaints – Anand Rathi vs. Espresso

The Securities and Exchange Board of India (SEBI), BSE, and NSE, in their capacity as regulators, constantly guarantee the security of investors by examining the operations of all brokers. Brokers that commit misconduct or ignore client’s risk having their licenses revoked. This is a summary of every complaint that has been filed and settled.

Anand Rathi & Espresso - A Comparison of Customer Complaints

Complaints Anand Rathi Espresso
Total Complaints Lodged 35 4
Total Complaints Resolved 30 3
% of Resolved Complaints 85.71% 75.00%
Non Actionable Complaints 3 0
% of Non Actionable Complaints 8.57% 0.00%

Transaction Charges Comparison of Anand Rathi vs. Espresso

As its name implies, transaction charges are levied by the stockbroker for carrying out each transaction.

The following table highlights the transaction charges levied by Anand Rathi and Espresso.

Anand Rathi vs Espresso – A Detailed Comparison of Transaction Charges

Transaction Charges Anand Rathi Espresso
Equity Delivery
Equity Intraday
Equity Future
Equity Option
Commodity Future
Commodity Option
Currency Future
Currency Option

Pledge Charges Comparison of Anand Rathi vs. Espresso

  • Pledge Creation Fees: The broker charges pledge creation charges when a trader borrows money to trade bigger volumes and pledge your stocks as security.

  • Pledge Invocation Fees: If the borrower does not supply further securities within a certain time frame, the broker will charge pledge invocation fees when pledge shared are sold.

  • Interest on Margin Trading: Interest on the loan or the margin amount is owed while trading on margin.

Anand Rathi & Espresso - A Comprehensive Comparison of Pledge Charges

Pledge Charges Anand Rathi Espresso
Pledge Creation Charges
Pledge Invocation Charges
Interest on Margin Trading

Hidden Charges Comparison of Anand Rathi vs. Espresso

Apart from the regular charges, different types of hidden charges may be levied by stockbrokers. They are:

  • SEBI Turnover Charges: All charges levied on the purchase or sale of stocks made through a stock exchange (BSE or NSE).

  • DP Charges: It refers to charges against the maintenance, administration and management of securities in your Demat account.

  • GST:The stockbroker transactions levy a Goods and Services Tax (GST) of 18%.

  • Account Closure Charges: The fees charged for closing any account, such as the checking, savings, or investment accounts.

  • Reactivation Charges: The standard fees and charges schedule highlights the fees for reinstating your services.

  • Dematerialization Charges: This amount is charged for transforming your physical shares and securities into digital or electronic versions.

  • Call & Trade Charges: The amount is charged for making transactions done on the client's behalf over the phone.

Anand Rathi and Espresso – A Detailed Comparison of Hidden Charges

Hidden Charge Anand Rathi Espresso
SEBI Turnover Charges
DP Charges
GST
Account Closure Charges
Reactivation Charges
Dematerialisation Charges
Call & Trade Charges

Compare Demat Charges of Anand Rathi vs Espresso

When finalizing a broker, the key is to compare their Demat charges. Here is a breakdown of the competitive rate charged by Anand Rathi and Espresso:

Anand Rathi vs Espresso - A Detailed Comparison of Demat Charges

Demat Charges Anand Rathi Espresso
Account Opening Charges Free Rs.350
Annual Maintenance Charges (AMC) Rs.450 per Year (1st Year Free) Rs.400 per Year

Anand Rathi vs Espresso – Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are transaction fees charged by the government of India irrespective of the broker. Hence, the cost is the same for all brokers in India, and the government sets it.

Anand Rathi vs Espresso – A Comparative Analysis of STT and CTT Charges

STT & CTT Anand Rathi Espresso
Equity Delivery
Equity Intraday
Equity Future
Equity Option
Commodity Future
Commodity Option
Currency Future
Currency Option

Compare Stamp Duty of Anand Rathi and Espresso

Stamp duty is a form of government tax in India. You incur a stamp duty when the broker issues, sells, or transfers security (like stocks, currency derivatives, and commodities). The government collects stamp duty on all securities at the end of the day.

Anand Rathi and Espresso - A Comparison of Stamp Duty Charges

Stamp Duty Anand Rathi Espresso
Equity Delivery
Equity Intraday
Equity Future
Equity Option
Commodity Future
Commodity Option
Currency Future
Currency Option

Frequently Asked Questions


Is Anand Rathi better than Espresso?
Like shoes, the same size does not fit all. Even if we consider brokerage charges, account opening fees, trading platforms, and more, your trading needs are your own, and you are the best person to decide on the best platform for you.

Is Espresso better than Anand Rathi?
Like shoes, the same size does not fit all. Even if we consider brokerage charges, account opening fees, trading platforms, and more, your trading needs are your own, and you are the best person to decide on the best platform for you.

Is Anand Rathi cheaper than Espresso?
As the name suggests, discount brokers already do charge the fees on the lower side. Go to the specific security you want to trade in the list above, and you will know the cheapest between the brokers, Anand Rathi and Espresso

Is Espresso cheaper than Anand Rathi?
As the name suggests, discount brokers already do charge the fees on the lower side. Go to the specific security you want to trade in the list above, and you will know the cheapest between the brokers, Anand Rathi and Espresso.

Which is better, Espresso vs. Anand Rathi?
Compare the brokers Anand Rathi and Espresso based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, and other parameters to find the best broker.

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