Full Service Broker Depository: NSDL
6

A full-service broker providing investment & trade in all major segments like Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities and Futures & Options at discounted costs.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans:

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 300

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

0.01%

Equity Intraday Brokerage

0.01%

Equity Futures Brokerage

0.01%

Equity Options Brokerage

₹ 10

Currency Futures Brokerage

0.01%

Currency Options Brokerage

₹ 10

Commodity Futures Brokerage

0.01%

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

10x

Equity Futures Margin

10x

Equity Options Margin

0x

Currency Futures Margin

10x

Currency Options Margin

0x

Commodity Futures Margin

3x

Commodity Options Margin

-
Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 750

Call & Trade Charges

Free
Brokerage

Equity Delivery Brokerage

0.30%

Equity Intraday Brokerage

0.03%

Equity Futures Brokerage

0.03%

Equity Options Brokerage

₹ 75

Currency Futures Brokerage

0.02%

Currency Options Brokerage

₹ 20

Commodity Futures Brokerage

0.01%

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

10x

Equity Futures Margin

10x

Equity Options Margin

0x

Currency Futures Margin

10x

Currency Options Margin

0x

Commodity Futures Margin

3x

Commodity Options Margin

-
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Website Edelweiss Terminal X3 Edelweiss Mobile Trader
Pros

Advantages and Strengths of this broker.

  1. Full-service broker offering discount brokerage plans.
  2. Flat rates per executed order across all the trading segments in Lite plan.
  3. Provides free research, trading tips, and recommendations.
  4. They have offline presence through branches and franchises which makes it convenient for customers.
  5. Relationship managers and add-on services like PMS are available.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Charges high minimum brokerage in delivery, Intraday and Futures.
  2. Call & Trade is available for an additional cost in Lite plan.
  3. Additional costs for research calls and trading tips.
  4. They do not provide a platform for commodity options.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Edelweiss

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(2.5)

Usability

(3)

Customer Service

(3.7)

Charges Review

  • Being a full-service broker their brokerage charges are minimal (with Lite plan).
  • Edelweiss does not offer free Equity delivery.
  • Charges of Elite plan are higher as compared to Lite plan, but the plan includes free Call & Trade, and dedicated RM is also provided.
  • The ancillary charges in Lite plan are higher.
  • They charge exorbitantly if you switch from Elite plan to Lite plan.

Customer Service Review

  • Edelweiss provides both email & call support.
  • As per customer reviews, Lite plan subscribers receive delayed responses.
  • They have a decent physical presence due to which customers can get their queries resolved conveniently.
  • Chat support is not available.

Ease of Use Review

  • The trading platform (TX3) is user friendly and technologically advanced.
  • Edelweiss provides Portfolio Organizer (for analyzing portfolios) & Guided Portfolios (pre-created baskets) for investors.
  • Research recommendations are available on their website.
  • Data of FIIs and DIIs is visible to account holders with Edelweiss.

Account Opening Procedure Review

  • For individual accounts, the online account opening process is easy and convenient.
  • POA form has to be submitted for physical verification in the online process.
  • The offline procedure is time consuming.
  • NRIs interested in investing in the Indian market can open their account with Edelweiss.

Why Choose Edelweiss? Know Everything about Edelweiss here.

Verdict

Edelweiss provides free advisory services on its website. Their recommendations are backed by fundamental analysis and are suggested by experts. They do not provide commodity options trading. Plan for traders is costly as compared to others, and the leverage offered in Elite plan is also limited. The Lite plan attracts numerous petty charges.

If you are an Investor, the brokers provide you with

  • ‘Portfolio Organizer’ feature helps customers to track their investments through consolidated portfolios.

  • Pre-designed ‘guided portfolio’.

  • They have a self-investment guide aimed at helping customers to understand the basics of Mutual Funds and equity. 

  • They provide research reports along with recommendations.

 If you are a Trader, the broker provides you with

  • 'Market watch' helps traders to know the updates from the market along with sectoral performance.

  • Global markets updates are also available on their website.

  • FII & DII activities are available for each segment.

  • Corporate actions and company results can be tracked through the Edelweiss website.

Trading Tools

Website (Edelweiss.in)

The Edelweiss.in website is a free online trading platform offering trading and investment in financial products like stocks, commodities and Mutual Funds. The website offers portfolio tracking, technical charting & daily news updates.

Another feature of this website is 'Quick Trading Toolbar' which allows customers to trade instantly. This toolbar also keeps track of all recent activities i.e. stocks viewed, taking position/tracking stock or contracts etc.

Edelweiss Terminal X3

Terminal X3 is 'Installable Desktop Trading Software' offering live-streaming quotes, advance charting tools (designed for traders), and technical analysis for high-frequency traders. It offers shortcut keys for frequent actions, instant flashing research calls, stock alerts (on-screen, messages and email) on the conditions defined by customers.

Edelweiss Mobile Trader

Mobile Trader, a free smartphone trading application, offers trading on NSE, BSE in Equities, Derivatives, and Currency. In addition, it also offers live streaming quotes, portfolio monitoring, technical charting, experts research, Trade Book, Order Book, Holdings, Balances and many other useful features.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE

0.00325% - NSE

0.0019% - NSE

0.05% - NSE

Demat Transaction Charges 

Sell side, ₹ 18.5 - per scrip 

-

-

-

Clearing Charges

-

-

0.0002% - NSE

0.005% - NSE

GST

18% on Brokerage + Transaction + Demat Charges

18% on Brokerage + Transaction

18% on Brokerage + Transaction + Clearing Charges

18% on Brokerage + Transaction + Clearing Charges

STT

₹ 100 per Lacs 

Sell side, ₹ 25 per Lacs 

Sell side, ₹ 10 per Lacs 

Sell side, ₹ 50 per Lacs 

SEBI Charges

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% for Non Agri

-

Clearing Charges

0.00%

0.00%

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

Sell side, 0.01% for Non Agri 

Sell side, 0.05%

SEBI Charges

₹ 15 per crore

₹ 15 per crore

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.04% - NSE
0.001% - BSE

Clearing Charges

0.0004% - NSE
0.0004% - BSE

0.025% - NSE
0.025% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 15 per crore

₹ 15 per crore

Edelweiss Customer Reviews

Overall Rating

4.5

Based on 2 reviews

Rating Summary

5
50%
4
50%
3
0%
2
0%
1
0%

Review Analytics

Platform 1 votes

Charges 0 votes

Transparency 0 votes

Features 0 votes

Customer Support 1 votes

tejas ravi

(5)

Posted on 21 Jan 2021

Excellent app

shekhar

(4)

Posted on 18 Dec 2020

Customer support is good for elite customers. Besides Edelweiss provides best mobile trading platform.