Edelweiss Review 2019

Rated 3.5/5 by Top Share Brokers Team
Edelweiss Broking Ltd Review

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Incorporated in 1995, Edelweiss Group is the leading investment and financial service provider in India having interest in Capital Market, Credit, Asset Management, Commodities, and Insurance businesses.

Edelweiss is the retail stockbroking business arm of Edelweiss Group carried under Edelweiss Broking Ltd. It is a full-service brokerage firm offering a wide array of investment products under one roof.

Edelweiss work around various asset class by providing investment opportunities to invest in Equities, F&O, Currency, Mutual Funds, Gold ETFs, IPOs. The broker is a registered member of NSE and BSE.

The broker support trading through online trading platforms and a network of sub-brokers and authorized persons in most of the big cities in India. There are around 4,700 sub-brokers in 680 cities thus making it one of the "largest stockbroker in India".

The clients of Edelweiss have access to in-depth analytical reports on companies, sectors, market, and economy. In addition, retail clients also have access to research on mid-cap companies and sectoral research on all the asset classes such as equity derivatives, currencies, and commodities, etc. This is backed up by 7 types of daily market updates, videos and newsletters.

Edelweiss has a lot to offer to help you know your investing needs and mold it your way to achieve more profit. They recommend strategies for the long term, medium and short term investment. Also, you can analyze investments in 14 different views. Powerful screeners and comparison tools help clients pick the right investment product to be it a stock or mutual fund. There is news on the capital market and real-time financial information that can also be customized according to your preference of any particular sector or stock.

Customer service is taken care well at Edelweiss. There is a toll-free number, SMS service and email support available. For any query resolution, you can call Equity/Commodity Advisor or your Relationship Manager (RM). Visiting the nearest branch office is also an option for you. There is a complete section dedicated to customer service on their website where you can read FAQ for most of your queries. You can also keep track of your correspondence and application status. Call and Trade facility is available for free of cost. You can directly call your assigned RM or use general Call & Trade toll-free number.

  • Edelweiss broking customer care number - 1800-102-3335 (Toll-Free)
  • Edelweiss broking ltd customer care email - "[email protected]"
  • Edelweiss commodity customer care - 1800-102-3335 (Toll-Free)
  • Edelweiss broking ltd head office - Edelweiss House, Off CST Road, Kalina, Mumbai – 400098
  • Edelweiss Broking DP ID or Edelweiss Securities Limited DP ID – 12032300 for CDSL.

Review Summary

A huge network of sub-brokers, trading in all of the segments backed up by strong research, strategies and analytical tools, Edelweiss has everything and more than an investor need to success but at a little higher cost.


Benefits

  • Dedicated research desk covering analytical reports on more than 200 companies in 16 different sectors.
  • Investing strategies for the long term, short term and also fundamental, currency derivatives, debt, quant baskets, and technical strategies.
  • The number of trading platforms like Xpress, Xtreme trader as well as mobile trading.
  • Integrated online and offline trading.
  • Seamless trading with the help of personalized relationship managers, web site and call center.
  • Best in-house research.
  • Wide range of investment options available.
  • Excellent trading tools and platform.
  • Margin funding facility is available with interest to borrow money for a specific trade.
  • Edelweiss Lite - A Discunt brokerage plan - Trade @ Max Rs 10 per executed order.

Considerations

  • Discount brokerage plan is for online-only.
  • Different plans for online and offline users.
  • The broker has a minimum brokerage policy. It is applicable for equity cash and intraday.
  • DP charges are a bit high compared to competitors.
  • Online account opening process missing Aadhar based integration.

Special Offer

Free online trading account and Free demat account (Free lifetime AMC),Trade in discount brokerage plan in 1 Paisa for Equity Cash and Delivery, Rs 5 Per Lot for F&O. Sign up now

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Edelweiss Investment Options Compare

Here we are comparing Edelweiss with its 5 close competitors on investment options.

Broker Edelweiss Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

Edelweiss Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Edelweiss Account Opening Charges

      »»  Trading Account Opening Charges: Rs 750 (Free Offer)
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 500 pa (Second Year Onward)

Edelweiss Brokerage

To compete with discount brokers, Edelweiss launched a new plan "Edelweiss Lite" for online traders/investor. Edelweiss new brokerage plan is now competitive with discount brokers like 5paisa, Zerodha, Upstox and SAMCO.

    Edelweiss Lite - Discount Brokerage Plan for online users only

    For online customers, Edelweiss started a new and competitive trading plan - "Edelweiss Lite". You can trade-in equity and currency segmant @ Max Rs 10 Per executed order.

    Edelweiss Lite
    SegmentBrokerage

    Equity Delivery

    Rs 10 or 0.01% whichever is lower

    Equity Intraday

    Rs 10 or 0.01% whichever is lower

    Equity Futures

    Rs 10 or 0.01% whichever is lower

    Equity Options

    Rs 10 Per executed order

    Currency Futures

    Rs 10 or 0.01% whichever is lower

    Currency Options

    Rs 10 Per executed order

    Trading Mode

    100% Online

    Benefits

    • The online plan is good for all thchno lovers, as brokerage charges are really low.  The plan is competitive as 5paisa flat fee Rs 10 Plan, and cheaper then Zerodha, Upstox and SAMCO Rs 20 plan.

    Considerations

    • Biggest consideration we see is leverage, Edelweiss is not offering attractive margin or leverage policy with Lite plan. Where other discount brokers like Zerodha, 5paisa, Upstox and SAMCO is giving very high leverage with advance order types like CO, BO.
    • Research is no more a free service, you need to pay monthly Rs 50 charges to avail this service under Lite Plan.
    • RM Advisor and Special Situation Trades Assistance is not available with Edelweiss Lite Plan.
    • Services like Notifications (WhatsApp) and Portfolio Optimizer are paid services with Lite plan.
    • Advance Tools like Fox Trader, Trade Point, Opstra, Advance Alerts, Technical Screeners, Charting Indicators, Auto Chartist, Back testing and many more features are not free.
    • Existing customers switching to discount plan need to pay Rs 2500.
    • The Company also charges Account Handling Fee Rs 250 with Lite plan.
    • Commodity Trading is not included in Discount Brokerage Plan – “Edelweiss Lite”.

    Other Charges

    • Call n Trade charges – Rs 20 Per executed order
    • Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of Rs 50 per contract + courier charges.
    • Instant payment gateway charges Rs 10 per transfer.
    • DP charges for delivery based equity selling at Rs 15 per transaction.
    • Delay payment interest up to 30%.

    Edelweiss Standard Plan for Online and Offline users

    With Edelweiss standard plan, clients get personalized trading experience with the relation manager (RM) at no extra cost. This is a percentage based plan.

    Edelweiss Investor Plan 1
    SegmentBrokerage

    Equity Delivery

    .30% or 30 Paisa

    Equity Intraday

    .03% or 3 Paisa

    Equity Futures

    0.01% or 1Paisa

    Equity Options

    Rs 75 Per Lot

    Currency Futures

    0.01% or 1Paisa

    Currency Options

    Rs 75 Per Lot

    Commodity

    .01% For Futures and .1% For Options

    Trading Mode

    100% Online with Personalize RM

    Considerations

    • In the current competitive scenario, transparency is a must. The plans are not clearly defined on the website. It’s difficult to find a 360-degree overview of charges one need to pay.
    • Missing brokerage calculator and options calculator on the website.

    Other Charges

    • DP charges for delivery based equity selling at 0.02% or Rs 20 whichever is higher per transaction.
    • Delay payment interest up to 24%.

Edelweiss Offline and Advance Subscription Plan

There is an offline plan for the clients who wish to trade from branch offices or sub-broker network. This is again % based brokerage plan and plan fee depends on trading volume.

Account Type

    Edelweiss offers all in one account.

    Edelweiss Trading Account

      With Edelweiss Trading account, you can trade-in equity delivery, intraday, derivatives & currency.

      Demat and trading account comes with a free mutual fund account. For trading, you need to select the specific segment you wish to trade. You have the option to update your services for trading segment after opening your account by contacting customer support or RM.

    Edelweiss Demat Account

      Edelweiss Demat account is required to keep your holdings while delivery trading. You don’t need Demat account if trading in intraday and F&O segment. Demat account is not mandatory, but good to have to apply in IPO, ETFs.

    Edelweiss Commodity Account

      Edelweiss offers commodity only trading account. Commodity only account doesn’t require Demat account.

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

Edelweiss with closest competitors

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

Broker Edelweiss Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Max Rs 10 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery Rs.10 / 0.01% whichever lower 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday Rs.10 / 0.01% whichever lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures Rs.10 / 0.01% whichever lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 10 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity NA 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Rs.10 / 0.01% whichever lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 10 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

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Edelweiss Trading Platform and Tools

Trading Platforms Rated 3.5/5

    Edelweiss is providing best trading software to its users to enable trade efficiency. Trading platforms are available in all 3 formats which include desktop software, web-based, and mobile app. Edelweiss trading platforms are available free of cost for all clients. You will get a single sign-on window for Equity, Currency, Commodity and Mutual Fund investment.

    Edelweiss Mobile Trader

      This is a free downloadable app for smartphones for trading on the go, available in both Android and iOS versions. Using the Edelweiss Mobile Trader you can trade in the Equity, Derivatives, Commodities and Currency segments and create customized watchlists, view streaming quotes, major indices, edelweiss in-house research reports, market news & updates, and intraday charts. Edelweiss Mobile App has won the "Best Mobile App in India" by Mobbys in 2017.

      Benefits

      • The mobile app is fast and secure, available for guest user with limited access.
      • Live news and marker reports are available on your app and trading platform.

      Considerations

      • Some key features are missing like a reason for order rejection, SMS alert for trade completion, cover order, etc.
      • The mobile app has limitation in the graph – Missing volume-weighted average price (VWAP), Pivot level, magnetic liner. Options chain graphs need improvement.
      • The overall mobile app is not too user-friendly. The technical team needs to improve user experience, speed of processing and add more features.

    www.edelweiss.in

      This is a safe and secure web portal for online trading by Edelweiss. Trading can be done in equities, derivatives, debt, mutual funds, commodities, currency and fixed income through it. Cool features include portfolio tracking, market news, research and analysis, online fund transfer, super handy toolbar for easy navigation and tracking of recent activities on stocks viewed, pages surfed/taking position/tracking stocks or contracts in a watchlist. You can use Edelweiss login or Edelweiss commodities login to access your account. You can do Equity SIP as well as Mutual Funds SIP. You can log in to Edelweiss commodities back office or Edelweiss stock broking back office through www edelweiss in the website only.

      My Edelweiss is an advanced portfolio tracking tool that enables you to track your investment portfolio across several asset classes including stocks, bonds, mutual funds, derivatives, commodities, and gold.

    Edelweiss Terminal X3

      Terminal X3 (TX3) is the fast pace, the power-packed software-based trading platform of Edelweiss. This is the downloadable software. The platform comes with all the rich features to help you do trading smoothly and smartly. It allows you to invest across equity, F& O, currency derivative, global indices, and EFTs. Complete demo tutorial of Terminal X3 is available online. Terminal X3 is free trading software.

      Important features are a customizable interface, shortcut keys, instant research call, on-screen stock alerts, powerful charting tools, and live streaming quotes.

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

Edelweiss Trading Platform Compare

Here we are comparing Edelweiss with its 5 close competitors on Trading Platform.

Broker Edelweiss Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Edelweiss

Rated 3.5/5 by 20 users

On a quick recap, the broker has a list of advanced products and tools, support for multiple assets and quality customer service that helps to build long-term relationships with clients and to empower them to gain from market opportunities.

Edelweiss rates are now competitive with discount brokerage plan offering. The company also offers online and offline brokerage plan, so caters to all customer segment.

Edelweiss with all its attributes is suited mostly to an Investor as well as a simple trader. The broker has a lot to offer if you are a person who wants to know different investing options and try it with the help of a broker.

If you like what you have read and want to start trading, leave your contact information with us and we will guide you.

Last updated on 2019-10-21


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Edelweiss Broking Ltd User Reviews

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20. Monika Shah Apr 16, 2019 10:53:35 AM IST Reply
Best Service Broker in the industry. Smooth account opening process.

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