Edelweiss Broking Review

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

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Incorporated in 2008. Edelweiss broking is a Mumbai-based full-service stockbroking firm offering a huge spectrum of financial products & services to clients under one roof. Being a registered member of BSE, NSE, MCX, NCDEX and AMFI, Edelweiss Stock Broking offers an extensive range of trading & investment services across multiple asset classes such as equity, F&O, currency, mutual funds, commodity, ETFs etc. It is also a depository participant with CDSL and NSDL, through which, the broker offers a 2-in-1 account facility where one can open both the Edelweiss demat Account and Edelweiss trading account. Edelweiss offers free demat account and free trading account facilities.

Edelweiss Broking Ltd is a retail stockbroking arm of Edelweiss Group, one of the largest, diversified and well-known financial service providers in India. The Group has a strong presence in the retail segment i.e. life insurance, mutual fund, housing finance and retail financial market. The Group operates through 475 offices across 200 different locations, and client base of more than 12 lakh.

Edelweiss retail broking is not just a broker, but also an investment advisor. EdeIwiss Broking is also registered with AMFI to act as a mutual fund distributor. It is one of the best brokerage firm and for the quality of services rendered, many-times, the broker is recognized with the best stock broker award such as BBC Knowledge, National Digital Marketing Awards, 2017, ABP BFSI Award 2017, Best Broker in India Awards 2016, Best Corporate Governance India, 2016, Best Equity Broking House 2015 and others.

Edelweiss Review 2020 - Quick Summary

A huge network of sub-brokers, trading in all of the segments backed up by strong research, strategies and analytical tools.


Benefits

  • Trade & investment across multiple asset classes like equity, F&O, currency, commodity, ETF, mutual fund and others.
  • Free demat and trading account facility.
  • Wealth advisory services across asset classes such as equity, derivative, commodity, mutual fund and others.
  • Edelweiss Smallcase - a thematic investment product to invest in basket of stocks from a particular theme.
  • Edelweiss Guided Portfolio allows users to invest in an expert recommended MF portfolio based on their risk appetite, tenure and investment goal i.e. child education, financial goal, tax saving etc.
  • Edelweiss Portfolio Organizer facilitates to merge equity & mutual fund investment portfolio at one single place.
  • Multiple trading platforms - Edelweiss Mobile Trader, Edelweiss Terminal X3 and Edelweiss.in.
  • The dedicated research team provides the research of 214 companies across 24 sectors.
  • Free research services; economic research, market research, sector-specific research and company’s research.
  • Free call & trade services for Edelweiss Elite Plan subscribers.
  • Flat brokerage fee of Rs. 10/order for Edelweiss Lite Plan subscribers.

Considerations

  • Does not offer 3-in-1 account opening facility.
  • Edelweiss Lite, a discount brokerage plan is available only to online traders & investors.
  • Research, portfolio optimizer, call & trade services are not free for Edelweiss Lite Plan subscribers.
  • DP charges are bit higher compared to brokers.

Special Offer

Free online trading account, Lowest discount brokerage plan ₹10 per executed order. 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: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 300 pa (Second Year Onward)

Edelweiss Brokerage

    Edelweiss Lite - Discount Brokerage Plan for online users only

    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. 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

    • Good option for techno lovers due to low brokerage charges.
    • Highly competitive brokerage plan as flat fee of Rs. 10 per order is comparatively cheaper than Zerodha, SAMCO and Upstox brokerage plan of Rs. 20/per order.

    Considerations

    • Services like research, notifications, portfolio optimizer, call & trade is chargeable.
    • No availability of dedicated relationship manager, advisor and special situation trade assistance.
    • No attractive margin or leverage under Edelweiss Lite Plan.
    • Existing users who want to switch to Edelweiss Lite Plan have to pay switching cost of Rs. 2,500.
    • Call n Trade charges – Rs 20 Per executed order
    • Instant payment gateway charges is Rs. 10 on each transfer.
    • 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.
  • DP charges for delivery based equity selling at Rs 15 per transaction.
  • Delay payment interest up to 30%.

Edelweiss Account Types

Edelweiss Trading Account

    Edelweiss Trading Account provides you the facility to trade across different asset classes like equity, derivative, currency, mutual fund, and others. The company has waived the trading account opening fee of Rs. 750 that means now, Edelweiss offers free trading account. Moreover, the Edelweiss trading account AMC is also nil.

Edelweiss Demat Account

    Edelweiss Broking Ltd is a registered depository participant with CDSL and NSDL to offer Edelweiss demat account. One can open free demat account with Edelweiss because the demat account opening fee is zero. Further, 1st year demat AMC charge is nil, but thereafter, demat AMC charges worth Rs. 300 is levied. Edelweiss broking offers 2 in 1 account facility where one can open free demat and trading account.

Edelweiss Commodity Account

    Edelweiss also offers Edelweiss Commodity Account to trade only in commodity. Edelweiss Mobile Trader App is available for both the Equities and Commodities.

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 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery Rs.10 / 0.01% whichever lower 0.5% or 50 paisa Flat Fee Rs 20 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 20 0.03% 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 20 0.03% 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 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.01% 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Rs.10 / 0.01% whichever lower 0.1% or 10 paisa Flat Fee Rs 20 0.03% 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 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Edelweiss Brokerage Calculator


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Edelweiss Trading Platform and Tools

Trading Platforms Rated 3.5/5

    Edelweiss is providing the best trading platforms to its users. All of the trading platforms, including desktop software, web-based, and mobile app is free of cost for all clients.

    Edelweiss Mobile Trader

    This is an Edelweiss mobile trading app that allows you to trade in equity, commodities, derivatives, currency, and others. You can also enjoy various features of the Edelweiss mobile app such as technical trading features, market watch list, real-time market data, advanced charting, stock screeners and others. The app is available to trade in equities and commodities as well. You can download the app on both the Android devices as well as iOS devices. The Edelweiss app has won the “Best Mobile App in India” by Mobbys in 2017.

    Benefits

    • The mobile app is fast and secure, available for guest users with limited access.
    • Live news and marker reports are available on 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 a 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.

    Edelweiss.in

    www.edelweiss.in is the Edelweiss web-based trading platform to trade in equity, debt, mutual fund, fixed income products, currency, derivative and others. It offers features like fund transfer, portfolio tracking, portfolio organizer, smallcase, reporting, stock exchange announcement and relevant information. 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.

    Edelweiss Terminal X3

    It is Edelweiss trading terminal or desktop installable software to invest across equity, F&O, currency, commodity, mutual funds, and ETFs. The platform comes with all the rich features such as advanced charting, extensive market data, options calculator, reporting, data analytics, and others.

    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, Edelweiss review brings out the fact into consideration that the Edelweiss Broking Ltd is one of the most diversified brokers that offers you the facility to trade and investment across multiple asset classes. Edelweiss brokerage charges also look highly competitive as its discount brokerage plan charges very low brokerage from customers. It is one of the best brokerage houses who not just offers broking services but also offers you advisory and research facilities.

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 2020-08-24


Edelweiss FAQs

  1. 3. How to add or change bank details with Edelweiss Broking?

    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.

     

     

  2. 4. What are the documents required to change or update new bank account with Edelweiss?

    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.

     

     

  3. 5. How to download Edelweiss Account Modification Form?

     

     

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Edelweiss Broking Ltd User Reviews

avatar
13. Suresh 7/15/2020 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
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12. Poonam 1/6/2020 7:03:16 AM Reply
Overall Experience is Good, They are providing wealth service at a Discounted rate.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent
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11. Monika Shah 4/16/2019 11:53:35 AM Reply
Best Service Broker in the industry. Smooth account opening process.
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10. Prakash pandey 4/16/2019 11:07:25 AM Reply
Awesome trading platform

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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9. ankush sarda 12/12/2018 1:56:13 PM Reply
i want talk with your business development manager.
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8. Rakesh 6/3/2018 6:37:00 PM Reply
Guys, I ve personal experience with edelweiss. They are good when market is going up but they really fail in risk management. I lost almost 80% of my wealth. I frequently asked to get out of the stock buy every time they said wait sir don''t panic. Now I don''t have anything to panic. It''s my fault that I believed with them. So guys don''t be fool like me. Make ur own research and trade wisely don''t believe these guys.
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7. kalyan 5/31/2018 1:56:16 PM Reply
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 succeed with little cost and low brokerage.

account opening at free of cost,
and low brokerage charge,

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
6. Felix Antony 4/6/2018 1:22:10 AM Reply
The executives are not professional and has cheating attitude.. If u trust and give them way to trade in your account.. They misuse and invest in options and Futures and play with your hard earned money without your confirmation.. Be Aware before opening account with Edelweiss...!!!

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
5. Sivaguru 2/23/2018 7:38:25 AM Reply
Worst r.m guidance and annoyed of the whole service..

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
4. Jit 9/25/2017 12:39:11 AM Reply
Risk Management

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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