• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Overview Overall

"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"

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

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..
Overview
Edelweiss Review  
Year of Incorporation 2008
Products -
Demat Services NSDL
Active Exchange Memberships NSE, BSE, MCX
Website www.edelweiss.in
Contact Details 1800-102-3335
Total Number of Clients 157254
Total Number of Branches 475+

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.

Special Offer: Flat Brokerage of ₹10/ executed order across all segments Including Equity Delivery, Intraday, F&O, and Currency F&O. Get the offer

Edelweiss broking limited being a subsidiary of Edelweiss is one of the reliable brands of 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 explains 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 the 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

  1. CIN : U65100GJ2008PLC077462
  2. DP ID
    • NSDL: IN-DP-NSDL-314-2009
    • Research Analyst: INH000000172,
  3. Edelweiss NSE Member ID:
    • Capital Market (CM) - INB231311631
    • Future & Options (F&O) - INF231311631
    • Currency Derivatives (CDS) - INE231311631
  4. Edelweiss BSE Member ID: INZ000005231
  5. Edelweiss MCX Member ID: INB261311634

Customers Service options offered by Edelweiss

Edelweiss offers multiple communication channels to its clients for using the customer service:

  1. 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
  2. Email Support: [email protected]
  3. 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 2021

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 2021

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 2021

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 2021

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 2021

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 2021

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.

Special Offer: Flat Brokerage of ₹10/ executed order across all segments Including Equity Delivery, Intraday, F&O, and Currency F&O. Get the offer

Edelweiss User Reviews

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