The brokerage of Edelweiss ranges between Max Rs 10 while the brokerage of Nirmal Bang ranges between .02% to .20%. Both the brokers are Full Service brokers. Edelweiss is having overall higher rating compare to Nirmal Bang. Edelweiss is rated 3.5 out of 5 where Nirmal Bang is rated only 3 out of 5.
Here we present side-by-side comparison of Edelweiss vs Nirmal Bang share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Edelweiss vs Nirmal Bang's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
|Broker Type||Full Service Broker||Full Service Broker|
|Exchanges Supported||BSE, NSE, MCX, NCDEX||BSE, NSE, MCX, NCDEX|
|Broker Overview||A huge network of sub-brokers, trading in all of the segments backed up by strong research, strategies and analytical tools.||Nirmal Bang empowers you with world-renowned research reports, finest trading platform, IPO investment, portfolio management services and so on for successful investment and trading comforts.|
In this section we have compared Edelweiss with Nirmal Bang on trading & demat account opening charges and AMC. Trading account opening charges - Both brokers offers Free Trading account opening. Demat AMC charges - Edelweiss charges Rs 300 pa (Second Year Onward) AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 300 pa (Second Year Onward)||Rs 200 PA|
|Provide DP Service|
Plans are the most important feature you look when compare Edelweiss with Nirmal Bang. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans - Both the brokers don't have Monthly Plans.
|Plan Types||Edelweiss||Nirmal Bang|
|Account Opening Request|
Edelweiss Brokerage Plan detail - This plan is available to Online users only. With this plan, Edelweiss is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.
Nirmal Bang Brokerage Plan detail - This is a standard plan by Nirmal Bang.This is % based brokerage plan.
|Brokerage Charges Compare||Edelweiss||Nirmal Bang|
|Plan Name||Edelweiss Lite||Basic Trading Plan (Percentage Based)|
|Equity Delivery||Rs.10 / 0.01% whichever lower||0.2% or 20 paisa|
|Equity Intraday||Rs.10 / 0.01% whichever lower||0.02% or 2 paisa|
|Equity Futures||Rs.10 / 0.01% whichever lower||0.02% or 2 paisa|
|Equity Options||Flat Fee Rs 10||Rs 100 Per Lot|
|Currency Futures||Rs.10 / 0.01% whichever lower||0.02% or 2 paisa|
|Currency Options||Flat Fee Rs 10||Rs 20 Per Lot|
|Commodity Trading||0.01%||0.02% or 2 paisa|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Yes - 24% interest PA||Info Not Available|
|Call & Trade Charges||Free||Info Not Available|
|Brokerage Calculator||Brokerage Calculator for Edelweiss||Brokerage Calculator for Nirmal Bang|
|SPAN Margin Calculator||SPAN Margin Calculator for Edelweiss||SPAN Margin Calculator for Nirmal Bang|
Compare Edelweiss with Nirmal Bang on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Edelweiss||Nirmal Bang|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 190 Per Cr||Rs 190 Per Cr|
|Equity Options||Rs 5000 Per Cr||Rs 5000 Per Cr|
|Currency Futures||Rs 110 Per Cr||Rs 110 Per Cr|
|Currency Options||Rs 4000 Per Cr||Rs 4000 Per Cr|
|Commodity||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for edelweiss-broking||Complete Brokerage Plans for nirmal-bang|
Compare Edelweiss with Nirmal Bang on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo tradig/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - both brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - Edelweiss offers NRI where Nirmal Bang doesn't offers NRI Trading.
|Account Features Compare||Edelweiss||Nirmal Bang|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w Edelweiss and Nirmal Bang. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
|Trading Platform Compare||Edelweiss||Nirmal Bang|
|Desktop Trading Platform||Xtreme Trader||ODIN Diet|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://tlounge.edelweiss.in/Login||https://nbtrade.nirmalbang.net/netnetlite/|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||Edelweiss Mobile Trader||Beyond|
|Mobile Trading App Demo||Edelweiss Mobile Trader Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod Edelweiss Mobile Trader Download||Andriod Beyond Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Edelweiss Mobile Trader Download||iOS Beyond Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Info Not Available|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for Edelweiss||Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Edelweiss||Futures Brokerage Calculator for Nirmal Bang|
|Options Brokerage Calculator||Options Brokerage Calculator for Edelweiss||Options Brokerage Calculator for Nirmal Bang|
|Detail||Detail on Trading Platforms for edelweiss-broking||Detail on Trading Platforms for nirmal-bang|
|2 Customer Reviews||2 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||Edelweiss is Rated 3.0 / 5 based on 2 customer reviews||Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews|
Compare Edelweiss with Nirmal Bang on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - both brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - both brokers offers trading options in Commodity (MCX). Online Mutual Fund Investment - both brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - Edelweiss provide PMS Service where Nirmal Bang doesn't offer
|Investment Offerings Compare||Edelweiss||Nirmal Bang|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare Edelweiss with Nirmal Bang on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Edelweiss provide Cover Orders (CO) where Nirmal Bang doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - both brokers don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After-market Orders (AMO)- both offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders- both brokers doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Edelweiss||Nirmal Bang|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Comapre Edelweiss with Nirmal Bang on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.
|Margin Product Compare||Edelweiss||Nirmal Bang|
|Equity Delivery Margin||Up to 4x on equity delivery with Margin Funding.||Info Not Available|
|Equity Intraday Margin||Up to 10x leverage for equity MIS orders.||Up to 10x or 10% subject to Var and ELM.|
|Futures Margin||Up to 2x leverage for Index and Stocks.||1x means actual SPAN + Exposure.|
|Options Margin||Up to 2x margin for Options shorting, No leverage for option buying||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
|Equity CO Margin||Up to 80x margin/leverage in CO order for selected equity scripts.||Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.|
|Futures CO Margin||Up to 80x margin/leverage in CO order for Futures contracts.||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.|
|Options CO Margin||Info Not Available||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.|
|Commodity Margin||Complete SPAN+Exposure is required for MCX and NCDEX.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
Compare Edelweiss with Nirmal Bang on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
|Customer Service Compare||Edelweiss||Nirmal Bang|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||040-4905-9999||Info Not Available|
|Account Opening Process||Online/Paperless||Info Not Available|
|Customer Support Email||[email protected]||Info Not Available|
|Knowledge Center/Education||https://www.edelweiss.in/faqs||Info Not Available|
|Head Office Address||Edelweiss House,
Off CST Road,
Mumbai - 400098
|Info Not Available|
|Website||https://www.edelweiss.in||Info Not Available|
Compare Edelweiss with Nirmal Bang on research reports and tips provided by broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare Edelweiss with Nirmal Bang on Demat Service and Charges. This section cover about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||Free (₹1500 one time charges)||₹200 pa or ₹1000 for life time amc|
|Transaction Charges on Debit (Per ISIN)||0.02% of transaction value or ₹20 per transaction whichever is higher||0.03% of the transaction value (Min ₹15)|
|Demat||₹2 per certificate + ₹30 courier charges||₹40 per demat requets + ₹40 for additional 50 certificate|
|Remat||₹10 for every hundred securities after that ₹10 per request + ₹30 request charges||0.04% of the value or ₹15 per certificate (whichever is higher)|
|Pledge Creation||0.02% of transaction value (Min ₹50)||0.02% of the transaction value (Min ₹100)|
|Pledge Creation Confirmation||Nil||Nil|
|Pledge Closure||0.02% of transaction value (Min ₹50)||0.02% of the transaction value (Min ₹100)|
|Pledge Closure Confirmation||Nil||Nil|
|Pledge Invocation||0.02% of transaction value (Min ₹50)||0.02% of the transaction value (Min ₹100)|
|Failed Instruction Charges||Nil||Nil|
Compare Edelweiss with Nirmal Bang on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Edelweiss Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
|Info Not Available|
|Payout Time||Upto 24 Hrs except Bank Holidays.||Info Not Available|
|Bank Supported and Charges||Info Not Available||Info Not Available|
|Bank Detail||Edelweiss Broking Limited,
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
|Info Not Available|
Great customer support, PAN India presence, research reports, branch offices, free call and trade facility.
Minimum brokerage charges, charges for charts & technical analysis software.
|Special Offers/Promo||Free online trading account, Pay Max ₹10 as your brokerage.|
|Enquiry||Enquire about Edelweiss||Enquire about Nirmal Bang|
Last Updated on 2020-05-06T11:46:25+00:00