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Edelweiss Review 2022

Rated 3.5 stars Rated 3.5/5 by Top Share Brokers Team
Last updated on: 2-Jul-2022
Edelweiss Broking Ltd Review
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Edelweiss Review 2022 - Quick Summary

One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Edelweiss Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the industry-leading trading platforms; Edelweiss Mobile Trader App and Terminal X3 Desktop Trading Software.

Rated 3.5 stars

Edelweiss Top Highlight for 2022

  • Part of Edelweiss Group, India’s leading financial service provider.
  • Lite (flat brokerage) and Elite (percentage-based) Brokerage plans.
  • Trade at Rs. 10/order with Edelweiss Lite Brokerage Plan.
  • Get Edelweiss research reports & recommendations.
  • Edelweiss Mobile Trader App, the best share market trading platform.
  • An advanced Terminal X3 (TX3) desktop trading software for pro traders.
  • Get free research reports and recommendations.
  • Strong offline presence with 475+ offices at 200 locations in India.

About Edelweiss

Edelweiss Broking Ltd, is a part of India’s leading and most-renowned diversified financial provider Edelweiss Group. It is a technology-driven full-service broker that distributes a complete spectrum of financial products including equity, equity derivatives, commodity, currency, IPO, mutual funds, and margin trading.

When anyone looks to open an account with a full-service broker, brokerage charges might be a key concern for many people. However, Edelweiss charges an extremely competitive flat brokerage rate of Rs. 10 per order on all segments which are even lower than the country’s top discount brokers including Zerodha and Upstox Rs. 20/order brokerage.

Edelweiss provides two brokerage plans; Lite (Rs. 10/order) and Elite (volume-based brokerage). Customers are free to choose any of the plans between these two. You can open Edelweiss Demat & Trading Account for free to trade in multiple products. The broker offers a completely digital onboarding process, or you can also open an account offline.

It has state-of-the-art platforms including an online trading website, mobile trading app, and installable desktop trading terminal. Edelweiss has the top-rated mobile trader app platform to trade on the go anytime, anywhere.

Edelweiss being a full-service stock broker has a dedicated research team to provide stock market research, and advisory services to its clients across asset classes.

Read out an honest and genuine Edelweiss Review 2022 to find details about its account opening charges, brokerage plans, margin, trading platforms, customer care services, and Pros & Cons.

Edelweiss Promotion Offer

Current promotion offer from Edelweiss for TopShareBrokers Visitors:

  • Free Account Opening
  • Free Demat AMC for 1st Year
  • FREE Research and Trading Tips.
  • Pay flat Rs 10 for Equity Delivery, Intra-day and F&O Trades.
  • Open Instant Edelweiss Account Now!

Request call back from Edelweiss

Edelweiss Brokerage Plan, Fees and Charges

Rated 3 stars Brokerage and Commission Rated 3/5

Trade at the lowest brokerage fee of Rs. 10 per order on all segments with the Edelweiss Lite Plan. However, if you want access to value-added services such as a dedicated relationship manager, free call & trade, research, etc., subscribe to the Edelweiss Elite Plan, a volume or slab-based pricing model. Check out the Edelweiss Lite brokerage plan charges below;

Edelweiss Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]

Edelweiss Brokerage Plan with closest competitors

Here we are comparing Edelweiss with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Edelweiss 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 10 Rs 20 Rs 20 Rs 20 Rs 15
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery Flat Rs. 10 per executed order Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
Equity Intraday Flat Rs. 10 per executed order Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures Flat Rs. 10 per executed order Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
Equity Options Flat Rs. 10 per executed order Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
Commodity 0.01% Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Flat Rs. 10 per executed order Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs Flat Rs. 10 per executed order Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rated 3.5 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Free
  • RMS Auto Square Off Charges: Free
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Edelweiss Brokerage Charges.

Please refer unique and accurate Edelweiss Brokerage Calculator

Type of Account offered by Edelweiss

To start trading in shares, derivatives, commodities, and currency segments, and apply for IPOs and mutual funds, you just need to open the below type of accounts;

Edelweiss Demat & Trading Account| Equity + Commodity Trading

    Edelweiss is a CDSL depository participant to offer a 2-in-1 account, Demat + Trading Account opening facility to customers. An integrated Edelweiss Trading and Demat account facilitate seamless and hassle-free buying and selling and transfer of securities into the Demat account.

    Edelweiss is a registered trading member of BSE, NSE, MCX, and NCDEX, and offers a single Edelweiss Equity Trading + Commodity Trading Account to clients. The equity trading account enables you to buy and sell shares listed on the stock exchange and the commodity trading account facilitates you to trade in different types of commodities.

Edelweiss Mutual Fund Account

    Edelweiss is not only a mutual fund distributor or platform provider but also has its own asset management company, Edelweiss Mutual Fund House. The full-service broker allows customers to invest in direct and regular mutual fund schemes of 40+ AMCs including schemes from its own fund house.

    Open a Free Mutual fund account with Edelweiss and invest smartly in your choice of a preferred mutual fund at NIL brokerage or commission fee.

How to open Edelweiss Account online?

Complete the online account opening journey with Edelweiss in a fast, secure, and hassle-free manner. If you have all the documents in hand then the account opening process will take less than 15 minutes.

Steps to open Edelweiss Demat & Trading Account Online:

  1. Head to the Edelweiss official website or mobile trader app.
  2. On the top menu, click on the “Open Account” option.
  3. Enter your name, city, email ID, and mobile number.
  4. Verify the details by entering the OTP.
  5. Enter PAN number and Date of Birth for KYC verification.
  6. Enter personal details like name, address, occupation, etc.
  7. Provide your bank account details including bank account number, and IFSC code.
  8. Select between the Lite and Elite Brokerage plans.
  9. Complete the Video IPV (in-person verification) process.
  10. Upload required KYC documents; PAN Card, Address proof, Bank proof, and specimen signature.
  11. Proceed to the Esign option to digitally sign the account opening using Aadhaar.

Once done, the internal team will verify all the details and documents submitted, and your account gets activated within 12 to 24 hours.

Open Instant and Online account with Edelweiss in 15 mins.

Alternatives to Edelweiss

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Edelweiss Mobile App and Trading Platforms

Rated 3.5 stars Trading Platforms Rated 3.5/5

Edelweiss has the best platforms for online trading across web, mobile app, and desktop trading terminals. The full-service broker offers free trading platforms to its customers.

Edelweiss Mobile Trader App

    Edelweiss Mobile app is one of the best mobile trading apps in India to trade at your fingertips. The share market trading app by Edelweiss has many advanced features including customized watchlists upto 100 stocks in each watchlist, advanced charts, 80+ technical indicators, a view upto 10 years of historical data points, support & resistance lines, free research recommendations, and more.

    Edelweiss app is a user-friendly and easy-to-use share market trading app downloadable on Android and iOS devices from the Play store and the App Store.

Edelweiss Terminal X3| Desktop Trading Software

    Edelweiss TX3 is a desktop trading terminal with advanced analytics and exceptional speed. The free share market trading software comes with an excellent speed, and provides advanced data analytics to traders. Edelweiss X3 Trading Terminal has a powerful charting package with live streaming charts, 60+ technical indicators, and drawing tools, and views 15 years of historical EOD and 1 year of intraday trading data.

Edelweiss Web Trading Platform

    Trade and/or invest in stocks, derivatives, currency derivatives, bonds, mutual funds, and IPO with the Edelweiss trading website. The web trading platform is free for all edelweiss customers to place buy and sell orders across segments. Customers can log in to the Edelweiss website ( over any compatible browser.

For detail review of mobile app and download please visit Edelweiss Trading Platform Review.

Edelweiss Trading Pros

  • Trade and invest on BSE, NSE, and MCX.
  • 10 per order flat brokerage trading.
  • Trade at either a flat brokerage fee (Lite) or %-based brokerage plan (Elite).
  • Add-on services with Edelweiss Elite plan; free call & trade, free RM, etc.
  • Free mobile app and desktop trading terminal.
  • Get Edelweiss API connect for free.
  • Edelweiss partner platforms; TradeTron, Algobulls, Quantsapp, etc
  • Get free expert research, advisory, and trading tips.
  • Place Bracket order, cover order, aftermarket order, and Good Till Cancelled (GTC) order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Offline branch-based customer support is available.

Edelweiss Trading Cons

  • It does not provide a 3-in-1 account opening facility.
  • NRIs cannot open Edelweiss Demat and Trading Account.
  • Call & trade, and research services are not free for Lite brokerage plan subscribers.

Edelweiss Customer Care info

The best thing about the full-service broking house is that the customer service is offered across both the online and offline channels. Edelweiss Broking firm resolves customer queries over multiple communication channels including Toll-Free numbers, Email, telephonic assistance, branches, Web self-help & FAQs.

Final thought about Edelweiss

Rated 3.5 stars Rated 3.5/5 by 20 users

Trading and investment across diversified financial product offerings at an extremely low brokerage of just Rs. 10/order make Edelweiss one of the best brokerage houses in India. Once the Edelweiss account is opened, customers will get free access to the best online trading platforms (mobile app, desktop trading software, and website).

Research & advisory facility, brokerage-free direct mutual fund investment, free API connect, etc. are the other value-added services available at Edelweiss.

Request call back from Edelweiss

Last updated on: 2022-07-02

Edelweiss FAQs

Edelweiss customer care toll-free number is 1800-102-3335.



Edelweiss Stock Broking customer care e-mail is [email protected]



Steps to change bank details with Edelweiss Broking Ltd

  • Login your account.
  • Under My profile, you will find the Bank details section, click on “Change Bank Account”.
  • Enter the bank details you want to add and click on Update Bank.
  • You will receive an account modification form in PDF format.
  • Take a printout, sign it and send it with the required documents to the company’s head office address, Edelweiss Broking Ltd. 7th Floor, Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai - 400098.



To change or update new bank account with Edelweiss Broking, you need to submit any of following documents:

  • Latest 6 months bank statement and a canceled personalized cheque.
  • Latest 6 months passbook copies and a canceled personalized cheque.





Edelweiss is both CDSL and NSDL depository participant.



Edelweiss Broking CDSL DP id is 12032300.



Edelweiss Broking is a registered depository participant with NSDL with SEBI registration no.: IN-DP-NSDL-314-2009 and DP ID: IN302201 and IN303719.



You can check all the Edelweiss DP details online. First, log in to the Edelweiss Demat Account and go to the “My Profile” page where all the details such as profile info, Demat account details, and bank account details will be available.



Once you have opened an Edelweiss account, you can start buying and selling shares on the BSE and NSE through any of the edelweiss trading platforms whether it be a website, mobile app, or trading terminal.

Steps to buy shares in edelweiss:

  1. Log in to the edelweiss mobile app or website.
  2. Add funds to your trading account.
  3. In the search bar, search the stock and add it to the watchlist.
  4. Click on the “Buy/Sell” option to place the order of your choice.
  5. Enter details like price, no. of shares, etc.
  6. Select the order type whether CNC or MIS.
  7. Submit the order.
  8. Tap on the “Order Status” option to check pending and completed order details.



E-SIP stands for Equity Systematic Investment Plans (SIP in stock) that facilitates edelweiss customers to invest a fixed sum of money in the selected stock/s during the regular interval of time and thereby eliminates the risk of market timing and provides averaging benefits to create wealth.

How to start e-SIP in edelweiss?

  1. Log in to the Edelweiss account.
  2. Search and add stock to the watchlist.
  3. Click on the “Buy” option.
  4. Enter details like investment amount or no. of shares, e-SIP date, and period (i.e. 12 months).
  5. On the due date, the order will be placed automatically on the exchange in advance.
  6. Upon order execution, money will be debited from the trading account.



Yes, Edelweiss is a SEBI registered full-service broker and also a registered trading member of BSE, NSE, MCX, NCDEX, and a DP with NSDL. The broking house is a part of Edelweiss Group and operating in the Indian brokerage space since 2006.



Edelweiss broking firm offers online trading in equity, derivatives, commodity, and currency segment under the Edelweiss Lite and Edelweiss Elite plan. The full-service broker is considered safe and trustworthy due to the following facts;

  • Part of Edelweiss group and presence in the brokerage space since 2006.
  • Registered with SEBI, BSE, NSE, MCX, and NCDEX.
  • Flat discount brokerage at just Rs. 10/- per order under the Edelweiss Lite Plan.
  • Mobile app, web, and desktop trading platform.
  • In-house and other AMCs mutual funds.
  • Get free stock market research, trading tips, and recommendations.



Edelweiss offers an easy, fast, and secure fund transfer process through UPI. Any UPI app users (PhonePe, Google Pay, Paytm) can add funds instantly to the Edelweiss Account using UPI for free through the below steps;

  1. Log in to the Edelweiss Demat Account on the mobile app or web.
  2. Click on the “Fund Transfer” option.
  3. Tap on the “Add Funds” option.
  4. Select the bank account and “UPI” as a payment mode.
  5. Now, enter the UPI ID registered with the bank and submit the fund transfer request.
  6. Go to your UPI app and authorize the payment request.
  7. The payment confirmation notification will be displayed on the screen.



You can withdraw funds from the Edelweiss account anytime using the mobile trader app or trading website through the below process;

Steps to withdraw funds from Edelweiss account

  1. Log in to the Edelweiss trading account on the app or web.
  2. Go to the “Fund Transfer” option and click on the “payout request” option.
  3. The screen displays the amount available to withdraw.
  4. Enter the withdrawal amount and submit the payout request.
  5. The amount will be transferred to the registered bank account.



Edelweiss Broking Ltd shows the complete fund transfer (payin and payout) details on all of its trading platforms. You can check the fund transfer history on the mobile app or website.

  1. Log in to the Edelweiss account.
  2. Go to the “Fund Transfer” and click on the “transfer status” option.
  3. The page will display the history of all the payins and payouts.



You can link your UPI ID to the Edelweiss trading account online using the mobile trading app or website through the below steps;

  1. Log in to the Edelweiss account on the web or mobile app.
  2. Go to the “Profile” option.
  3. Under the bank, Demat & Trading Accounts option, tap on the “Add new UPI ID” option.
  4. Select the registered bank and provide the virtual payment (UPI ID) address.
  5. Submit the request and it will redirect you to the fund transfer window.
  6. Do a verification transaction of just Rs. 50.
  7. Upon successful payment, the UPI ID will be linked to your Edelweiss account.



Edelweiss Broking Ltd offers easy, smart, and hassle-free fund transfer options to customers through the below modes;

  1. Add funds instantly to Edelweiss trading account using UPI.
  2. Transfer funds through net banking or payment gateway.
  3. eCollect by adding an Edelweiss account as a beneficiary to your bank.
  4. Write a cheque/DD in the name of Edelweiss Broking Ltd.



The fund withdrawal request placed in Edelweiss will be directly credited into the registered bank account. If you have placed the fund withdrawal or payout request before 3:30 PM then it will be processed on the same working day. However, withdrawal requests raised after 3:30 PM or on any non-working day will be processed the next working day.



Edelweiss Broking Ltd User Reviews

18. Kailas Arjun muthal Jun 01 2022 02:03:58 PM Reply
Very poor service my account block for two weeks altho I complete their query but still not process
17. dharmesh moradiya May 31 2022 12:45:50 PM Reply


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
16. shiva Apr 03 2022 09:30:04 PM Reply
I want to close demat account.
15. Suhas Kanade Feb 06 2022 10:20:32 AM Reply
Edelweiss broking is a cheater. Initially I was operating this account on my own. Later one of their advisors from Pune branch contacted me claiming that he will make money for me. He used to provide me useless tips in order to increase trade volume and mint brokerage. I lost more than 1 Lac with their useless tips. When I realized this and wanted to close my account, they used some or the other ways to delay my account closure and used to charge me monthly DMAT charges. When I stopped paying their DMAT charges, they liquidated one of my bonds to recover the money. Very frustrating experience with Edelweiss Broking. Please do not get into their trap.
14. A Bhattacharjee Mar 11 2021 10:55:22 AM Reply
Charges are too excessive, also Customer service is so poor . I lost around 50000 rs in the name of Margin Trading in three months.


Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
13. Suresh Jul 15 2020 11:55:04 AM Reply
Their back end service is pathetic, I have an account with them and had linked my yes bank account with it. I closed my yes bank account and have been running after them for the last one year to update my linked saving account but they have been unable to do it till now. With the result my funds are held up with them
12. Poonam Jan 06 2020 07:03:16 AM Reply
Overall Experience is Good, They are providing wealth service at a Discounted rate.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent
11. Monika Shah Apr 16 2019 11:53:35 AM Reply
Best Service Broker in the industry. Smooth account opening process.
10. Prakash pandey Apr 16 2019 11:07:25 AM Reply
Awesome trading platform


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
9. ankush sarda Dec 12 2018 01:56:13 PM Reply
i want talk with your business development manager.