"Edelweiss is one of the best brokerage houses that not just offers broking services but also offers you advisory and research facilities at extremely competitive pricing. Edelweiss despite being a Full-service broker offers discount brokerage plans at a flat fee of Rs. 10 per order is comparatively cheaper than Zerodha & Upstox brokerage plans of Rs. 20/order"
Why Edelweiss?
- Edelweiss Broking Limited is full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs of gulf country.
- Award Winning Research and user-friendly trading platforms.
- They are versatile and provide the different broke plan to different types of clients.
- Edelweiss despite being a Full-service broker offer both discount & Full-service brokerage plans.
- Provide their services to Indians as well as NRIs and is very famous in Gulf countries.
- Wide offline presence through branches and franchises makes it easy for customers.
- Highly competitive brokerage plan as flat fee of ₹10 per order is comparatively cheaper than Zerodha, SAMCO and Upstox brokerage plan of ₹ 20/per order.
- Multiple trading platforms - Edelweiss Mobile Trader, Edelweiss Terminal X3 and Edelweiss.in.
Positives
- Security of your investment & money.
- Top class customer service
- Award-winning research services
- Different brokerage plans for the different type of clients
- Flat Rs 10 per executed order brokerage across the trading segments.
- Facility to open Instant paperless online account.
- Online IPO investment
- Relationship managers and add-on services like PMS are available
- Free call & trade services for Edelweiss Elite Plan subscribers.
Needs Improvement
- Bracket orders and Good-Till canceled (GTC) orders are not available.
- No 3-in-1 account facility available
- Call & Trade is available at an additional cost of ₹ 20 per call.
- ₹ 50 per month for research calls and trading tips.
- High DP charges compared to other brokers..
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| Year of Incorporation | 2002 |
| Products | - |
| Demat Services | Yes |
| Active Exchange Memberships | NSE, BSE, MCX |
| Website | www.edelweiss.in |
| Contact Details | 1800-102-3335 |
| Total Number of Clients | 218,206 |
| Total Number of Branches | 237 |
Edelweiss Broking Limited is the wholly-owned subsidiary of Edelweiss group which is one of the ones the leading diversified financial group in India established in 1995 Catering to corporate, institutions & individuals.
In 2011-12, RKSV opened up to the general public by entering into retail brokering and launched an online-only unlimited trading plan that allowed retail traders to cut down considerably on their brokerage costs. This was soon followed by a blanket-brokerage package that allowed their customers to trade without limit for Rs. 1947 per month. Apart from introducing a flat-fee pay-as-you-go trading, they launched many new brokerage plans over time, including 5 free trades per month in 2014 that supposedly was intended to increase investor participation.
It is a full-service share broker and has excellent research services for its clients. They allow access to research on mid-cap companies and sectoral analysis on all asset classes which is backed by seven types of daily updates.
Edelweiss tried to understand the requirement of each client and have considering each client's need they have introduced various brokerage plans. These plans help their customer to maximize profit by opting for the one which suits them best.
Edelweiss has award-winning services and is recognized numerous times by various authorized bodies. For instant: It has been awarded as "ABP BFSI Awards, 2017" for best use of mobile technology in the financial sector and many more.
Edelweiss broking limited being a subsidiary of Edelweiss is one of the reliable brands in India. It is recognized as Most Promising Brands 2015, 100 most valuable brands of India in 2015. They have customer-centric principles and adhere to them for making day-to-day as well as significant decisions.
They are transparent compared to other brokers present In the market and have also made their all trading platforms user-friendly. They provide assistance to their client in various forms and their website also gives explanations to their clients in layman and easily understandable language. They avoid jargon on their site for increasing customer satisfaction.
They assist their clients and provide them a strategy for the long, medium, and short term. Edelweiss openly promises on their website as one critical reason to invest with them is "we judge our success by how much money you make."
Edelweiss Affiliation Details
- CIN : U65100GJ2008PLC077462
- DP ID
- NSDL: IN-DP-NSDL-314-2009
- Research Analyst: INH000000172,
- Edelweiss NSE Member ID:
- Capital Market (CM) - INB231311631
- Future & Options (F&O) - INF231311631
- Currency Derivatives (CDS) - INE231311631
- Edelweiss BSE Member ID: INZ000005231
- Edelweiss MCX Member ID: INB261311634
Customers Service options offered by Edelweiss
Edelweiss offers multiple communication channels to its clients for using the customer service:
- Phone Number of Edelweiss Broking:
- Call & trade: 040-4905-9999
- Customer Support: 1800 - 102 - 3335 (8am - 8pm)
- Account opening: https://www.edelweiss.in/open-new-account-online/#home?platform=website
- Email Support: [email protected]
- Corporate Office :
Edelweiss Web Services Limited,
Edelweiss House, Off CST Road,
Kalina, Mumbai - 400098
Active Client Details Of Edelweiss
- 147040+ clients.
Edelweiss Account Opening & AMC Charges 2022
Trading Account / Demat opening is the one-time fee that Edelweiss charge while initiating your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charged by Edelweiss to maintain your account, this is yearly charges and deduct from your account even if you haven't traded for a year.
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| Trading Account | INR750 | NIL |
| Demat Account | NIL | INR500 |
Edelweiss Brokerage, Brokerage Plans, Other Charges, Leverage & Margin 2022
The full-Service Broker, Edelweiss provides three brokerage plans. The client can select any of the plans as per their requirement and gain maximum out of their hard-earned money. Their multiple Brokerage plans are explained below:
Edelweiss Lite (Brokerage Plan):
Edelweiss has launched a new Brokerage Plan Edelweiss Lite which provides an opportunity to invest in the stock market at flat Rs.10/ order.
Edelweiss Lite Broking charges:
| EQ Delivery | Rs.10/ order |
| EQ Intraday | Rs.10/ order |
| EQ Futures | Rs.10/ order |
| EQ Options | Rs.10/ order |
| CUR Futures | Rs.10/ order |
| CUR Options | Rs.10/ order |
Edelweiss Lite Other charges:
| Margin/ Funding (Leverage) | Cash + Stock Margin (50% Cash / 50% Stock) For FNO, we will charge at 0.08%/day in case 50% cash is not maintained |
| Delayed Payment Interest (Normal) | 0.08%/ day |
| Delayed Payment Interest (MTF) | 0.08%/ day |
| Switching Charges (Only 2 switches allowed) | Rs.0 (when switching to Elite) |
Edelweiss Lite Value Added Services (Manual Support)
| Call and Trade (Advisory, Trading) | Rs.20/ Call |
| RM/ Advisor | Not Available |
| Special Situation Trades Assistance | Not Available |
Edelweiss Lite Tools & Features
| Auto Collateral | Free |
| Standard Tools (Watchlist, Screeners, Alerts etc.) | Free |
| Advanced Charting | Free |
| Market Info | Free |
| Research | Rs.50/ month |
| News (Live, Details) | Free |
| Content | Free |
| Notifications (Whatsapp) | Rs.50/ month |
| Portfolio Organizer | Free |
| Portfolio Optimizer | Rs.100/ Request |
| Guided Portfolios | Free |
| Investology | Rs.100/ course |
Edelweiss Lite Ancillary Charges
| DP AMC | 1st Year Free/ post Rs. 300 per annum |
| DP Fees (Trf Out/ Sell)/ Inter-settlement Fees | Rs.15 flat per ISIN |
| Payin | Rs.10/ transfer |
| Payout | Free |
| Physical CML Request | 1st Free/ Additional Rs. 120 |
| Physical Contract Notes | Rs.50/ note |
| Cheque payment | Rs.500/ cheque |
| Pledge Charges | Rs.60/ pledge |
| Physical Statement Charges (Ledger, PNL, Tax, etc.) | Rs.50/ note |
Edelweiss Plan for Traders:
This Plan is mainly for Traders and based on the subscription he would be charged
| PLAN 1 | PLAN 2 | PLAN 3 | PLAN 4 | |
|---|---|---|---|---|
| Subscription Fee (Rs.) (Monthly) | 12,000 | 24,000 | 54,000 | 112000 |
| Service Tax (Rs.) | 1,800 | 3,600 | 8,100 | 16,800 |
| Total Amount (Rs.) | 13,800 | 27,600 | 62,100 | 1,28,800 |
| Validity Period (In months) | 12 | 12 | 12 | 12 |
| Delivery | 0.30% | 0.22% | 0.17% | 0.10% |
| Futures & Intraday | 0.03% | 0.02% | 0.02% | 0.01% |
| Equity Options (Rs. per lot)* | 90 | 60 | 40 | 25 |
| Currency Futures* | 0.04% | 0.03% | 0.02% | 0.01% |
| Currency Options (Rs. per lot)* | 22 | 15 | 10 | 6 |
| Personal Accident Insurance Cover (Rs. in lakhs) | 0 | 0 | 5 | 5 |
| Criticare Insurance Cover (Rs. in lakhs) | 0 | 2 | 5 | 5 |
| Medical Insurance Cover (Rs. in lakhs) | 1 | 2 | 5 | 5 |
- The Subscription amount will be utilized and adjusted at the subscription utilization rate, which will be charged as mentioned in the subscription plan.
- For subscription under any of the above plans, during the validity period of the subscribed plan, all delivery trades will be charged at a discounted rate of 1 paisa per share, at 0.1 paise per share in futures and intraday cash trades and all option trades at 1/- per lot in contract notes.
- On full utilization of subscription plan amount, all subsequent trades will be charged as per Post Utilization brokerage rates mentioned hereinabove until the completion of the balance validly period of the chosen plan.
- Intraday, futures, options brokerage rates are charged on each leg of the transaction.
- The subscription fee is exclusive of Service Tax, Secondary Higher Education Cess, Education Cess, and other charges if any.
- Subject to Minimum Brokerage as mentioned in Terms & Conditions.
- Futures includes: Stock Futures & Index Futures; Options includes: Stock Options & Index Options.
Edelweiss Plan for Investors:
This Plan is suitable for Investor whose purpose of opening an account is not a trade but to invest in share & mutual Funds
| PLAN 1 | PLAN 2 | |
|---|---|---|
| Mutual Fund Transaction Charges | NIL | NIL |
| Demat Annual Maintenance | Free for 1st Yr. | Free for 1st Yr. |
| From 2nd Yr, Rs. 500/PA | From 2nd Yr, Rs. 500/PA | |
| Cash Delivery Rate | 0.45% | 0.55% |
| Intraday Cash & Equity Futures | 0.06% | 0.04% |
| Equity Options | Rs. 150 per lot | Rs. 120 per lot |
| Currency Futures | 0.05% | 0.04% |
| Currency Options | Rs. 50 per lot | Rs. 30 per lot |
| Account Opening Charges | Rs. 750 /- | Rs. 750 /- |
Brokerage as mentioned in the Brokerage Plan would be charged subject to a minimum brokerage of 3 paise per share in delivery trade and 1 paisa per share on Intraday and Futures Trades
Edelweiss Equity Delivery | Intraday brokerage & Other Charges 2022
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | 0.30% or 30 paisa | 0.03% or 3 paisa |
| STT | 0.01% ON BOTH Buy & Sell | 0.025% On the Sell side |
| Transaction / Turnover charges | Rs 325 per Cr | Rs 325 per Cr |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.015% Of Turnover Value (Buyer) | 0.003% Of Turnover Value (Buyer) |
Edelweiss Equity Future | Equity Options Brokerage & Other Charges 2022
| Charges | Equity Future | Equity Options |
|---|---|---|
| Brokerage | 0.03% or 3 paisa | Rs 75 Per Lot |
| STT | 0.01% On the Sell-side | 0.017% On the Sell-side |
| Transaction / Turnover charges | Rs 190 Per Cr | Rs 5000 Per Cr |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.002% Of Turnover Value (Buyer) | 0.003% On Premium Value (Buyer) |
Edelweiss Currency Brokerage & other Charges 2022
| Charges | Currency Future | Currency Options |
|---|---|---|
| Brokerage | 0.03% or 3 Paisa | Rs 20 per Lot |
| STT | NA | NA |
| Transaction / Turnover charges | Rs 110 Per Cr | Rs 4000 Per Cr |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.0001% On Total Turnover Value (Buyer) | 0.003% On Premium Value (Buyer) |
Edelweiss Commodity Brokerage & other Charges 2022
| Charges | Commodity |
|---|---|
| Brokerage | 0.03% or 3 Paisa |
| STT | 0.01% on sell |
| Transaction / Turnover charges | Non –Agri: 260 Per Cr | Agri: Rs 175 Per Cr |
| SEBI Charges | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | Future 0.002% On Turnover Value (Buyer) : Options 0.003% On Turnover Value (Buyer) |
How to open the account with Edelweiss Broking Ltd.?
At Edelweiss Broking Limited you can start investing your money in stocks and other financial products after opening a trading account. You can open a 2-in-1 trading account with Edelweiss through an offline, online platform.
- Opening account through an offline medium: You have to visit your nearest Edelweiss branch and can submit your phone number and required documents. Their representatives will assist you and initiate verification once all paper formalities are done. You get a welcome kit after verification is done successfully. This kit contains the user name and temporary password for login into your trading account.
- Opening account through the online medium: If you are busy and not finding time to visit the branch, you can open the account any time within 15 min through the Edelweiss app or website. It is the task of a few minutes if all documents are handy. After submission of all documents, the Edelweiss representative will come for verification, and once that formality is completed, you will get the welcome kit.
The Final Thoughts about Edelweiss
Edelweiss group, being the reputed name in the industry, is always preferred for choosing as your broker however with the new entrants they have to work extremely hard to provide similar services. Edelweiss is one of the transparent brokers in the market though you can find that they also disturb customers with hidden charges. Edelweiss online platform is one the most sorted website and apps with good quality research reports & recommendations given by experts. They understand customer needs and value their customers. Investors may find Edelweiss as a good broker but lack in few services. They don't provide an online IPO investment service and also there account opening charges are on the higher side when compared to other competitors.
Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)
- Flat Rs 10 per trade across all segments.
- FREE Research and Trading Tips.
- Margin against share and Margin Funding available.
It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.
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