In this article, we are discussing everything you need to know about the Edelweiss Review 2024, Check Edelweiss brokerage charges, margin, trading platform, Account opening charges, branches, customer care contact, pros, cons, and more about Edelweiss.
Edelweiss Review, Margin, Brokerage, Demat and Trading Charges, Trading Platforms & more:
Edelweiss Broking Ltd. is a full-service stockbroking business located in Mumbai, India, that was founded in 2008. The firm is a subsidiary of the Edelweiss Group, a major wide range of financial products company founded in 1995.
Edelweiss’ Retail Broking division provides access to all asset categories, including equity, debt, mutual funds, initial public offerings (IPOs), currency derivatives, commodities, and futures and options.
Edelweiss provides its customers with financial advice based on analysis and research throughout asset classes, trading styles, and time horizons. Edelweiss offers the widest range of trading platforms for all types of media (Mobile app, a website & desktop trading software). The Edelweiss Mobile Trader app is the top-rated app in India, with all trading platforms being equally good and easily understandable. With over 500+ offices in 200+ locations across India, the Edelweiss Group has a significant presence. It employs 11,938 people who serve over 1 milion+ customer across a variety of industries.
Edelweiss has received several accolades for its services and technological innovations. ABP BFSI Honors 2017, National Online Marketing Awards 2017, Best Broker in India at Finance Asia (Hong Kong) Country Awards 2016, and BBC Knowledge are just a few of the big awards received recently.
Edelweiss Review: Advantages & Disadvantages:
The following are some of Edelweiss’ benefits. Before you establish an Edelweiss account, you should understand the benefits and drawbacks. The advantages and disadvantages of Edelweiss might help you decide if it is right for you.
What I Like (Pros):
- Discount brokerage plan offered by a full-service broker.
- Across all trading sectors, there is a flat fee of Rs 10 per executed order.
- Research, trading advice, and suggestions are all provided for free.
- Online account creation is instantaneous and paperless.
- For trading, there are excellent mobile applications, internet, and PC trading tools.
- Invest in an initial public offering (IPO) online.
- Cash, F&O, and CDS sectors all have high-leverage facilities.
- Customers benefit from the company’s extensive physical presence, which includes branches and franchisees.
- There are relationship managers and add-on products like PMS.
What I Don’t Like (cons):
The following are Edelweiss’ drawbacks. Take a look at the Edelweiss disadvantages.
- There are no fixed orders or Good-Till-Canceled (GTC) orders listed.
- The minimum commission is high: 3 paise per share for delivery, and 1 paisa per share for intraday and futures.
- At an extra fee of Rs 20 per call, Call & Trade is offered.
- The cost of research calls and trading advice is Rs 50 per month.
Edelweiss Account Opening Charges:
- Trading Account Opening Charges: Free
- Trading Account AMC: Free
- Demat Account Opening Charges: Free
- Demat Account AMC: Rs 500 pa (for 1st Year)
Edelweiss Brokerage Plan & Charges:
Edelweiss Lite Plan:
Edelweiss Lite Plan is a flat-rate discount brokerage plan for internet consumers. For trading in equity delivery, intraday, and F&O, they impose a fixed fee of Rs 10 per completed order. Currency derivatives trading is subject to the same brokerage fees.
Edelweiss Lite Plan Charges:
| Segment Type | Brokerage Charges |
|---|---|
| Equity Delivery & Intra-day | Rs 10 per executed order |
| Equity Futures & Options | Rs 10 per executed order |
| Currency Futures & Options | Rs 10 per executed order |
Edelweiss Elite Plan:
It is a full-service brokerage plan, as is Edelweiss Elite. Deliveries of stock are charged at 0.30 percent; intraday and futures deliveries are charged at 0.03 percent; equity options are charged at Rs 75 per lot; currency futures and currency options are charged at Rs 20 per lot, and equity options are charged at Rs 75 per lot. This package includes online and offline trading as well as a personal relationship manager, free research, and a host of additional perks.
Edelweiss Elite Plan Charges:
| Segment Type | Brokerage Charges |
|---|---|
| Equity Delivery | 0.30% |
| Equity Intra-day | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs 75 per lot |
| Currency Futures | 0.02% |
| Currency Options | Rs 20 per lot |
Edelweiss Margin Details:
Up to 20% of the transaction value (maximum 5x leverage) is Edelweiss’s margin for intraday trading. BSE, NSE, and MCX have an Edelweiss F&O intraday trading margin of 1.3x for equity, foreign exchange, and commodity trading, respectively. Carry forward positions and stock delivery transactions on Edelweiss F&O do not have the option of adding an additional margin to their accounts.
| Segment Type | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency, and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Edelweiss offered Account Types:
Edelweiss Demat Account:
Edelweiss Broking Ltd is a CDSL and NSDL licensed depository participant that provides Edelweiss Demat accounts. With Edelweiss, you may establish a free Demat account because there is no account opening charge. Furthermore, there is no Demat AMC price for the first year, but there is a Demat AMC charge of Rs. 500 after that. Edelweiss brokerage provides a two-in-one account option, allowing you to create a free Demat and trading account.
Edelweiss Trading Account:
With an Edelweiss Trading Account, you may trade in a variety of asset classes, including equities, derivatives, currency, mutual funds, and more. The firm has eliminated the Rs. 750 trading account opening charge, implying that Edelweiss now provides a free trading account. In addition, the Edelweiss trading account AMC is zero.
Edelweiss Commodity Account:
Edelweiss also has an Edelweiss Commodity Account for those who simply want to trade commodities. Both the Equities and Commodities are covered by the Edelweiss Mobile Trader App.
Edelweiss Trading Platform and Tools:
Edelweiss offers its clients the greatest trading platforms available. All trading platforms, including desktop software, web-based, and mobile app, are free for all customers.
Edelweiss Mobile Trader:
A mobile trading app from Edelweiss that lets you trade equities, as well as other assets as well as futures and currencies, is available. The Edelweiss mobile app offers a wide range of features, including technical trading tools, a watch list, real-time market data, sophisticated charts, and stock screeners. Equities and commodities traders can use the app to execute trades. The app is available for download on Android and iOS smartphones. The Edelweiss app was named the “Best Mobile App in India” by Mobbys in 2017.
Pros:
- Guest users with limited access can utilize the mobile app, which is quick and safe.
- On the app and trading platform, you may get real-time news and market reports.
Cons:
- Missing functionality includes things like a rationale for order rejection, trade completion SMS alerts, and cover orders.
- The graph on the mobile app is limited due to the absence of VWAP (volume-weighted average price), Pivot levels, and magnetic lining. The graphs of option chains might use some work.
- Apps on smartphones are generally difficult to operate. Improve user experience, processing speed and functionality are all priorities for the technical team.
Edelweiss. in:
The Edelweiss web-based trading platform allows you to trade in stocks, bonds, mutual funds, fixed-income products, currencies, derivatives, and more. It includes functions such as fund transfers, portfolio tracking, portfolio organizer, Small case, reporting, stock market announcements, and other pertinent information. You may access your account by logging in with Edelweiss or Edelweiss commodities. Both equity and mutual fund SIPs are available. Only through www.edelweiss.in the internet can you access Edelweiss commodities or stock brokerage back offices.
Edelweiss Terminal X3:
This terminal or desktop program allows you to invest in a wide range of asset classes, such as equities, F&O, currencies, commodities, mutual funds, and exchange-traded funds. There are a lot of great tools on the site, such as complex charting and market data as well as an options calculator as well as tools for reporting and data analysis.
Edelweiss Products & Services:
Edelweiss is one of the few brokerage companies with a strong ethical presence. They are hesitant to experiment too much with services and instead rely on a powerful credo of devoted customer care and in-depth research.
Products:
A comprehensive stockbroking firm often provides all of its customers with a wide choice of trading and investing products at low brokerage fees.
The company’s primary belief is that customers’ requirements should be met to the greatest extent possible so that they may easily meet their financial goals and objectives.
It provides a comprehensive range of financial solutions to help consumers accomplish their financial objectives. Users can also benefit greatly from the company’s guidance in making good investment decisions.
Customers can trade online with the brokerage house’s low-cost trading solutions. In addition to high-quality trading goods, the stock brokerage firm offers excellent 24×7 service to all consumers, resulting in a high level of comfort and pleasure.
Users will undoubtedly have a smooth trading experience with the brokerage house’s offerings. The following is a list of the company’s trade product offerings:
- Equity trading
- Currency trading
- Options
- Futures
- Mutual funds
- SIP
- Insurance
The above-mentioned investing items are available with final brokerage costs. Edelweiss trade goods are widely used and have a long shelf life.
Essentially, the goods are tailored to the demands and requirements of the users. Furthermore, the firm provides excellent and consistent customer service, which is a major plus. It makes trading a lot easier and more versatile.
Services:
Edelweiss stockbroking typically provides all of its customers with quick and satisfying trading and investing services. The following is a list of the company services that it provides to its customers:
- Demat Services
- Trading Services
- Intraday Services
- IPO Services
- Stock Recommendations
- Robo Advisory
- PMS
- Trading Institutio
Customers are satisfied with the brokerage house’s customized trading and investing services. It is well-known for its trading services on the stock market.
Customers often receive a simple PMS solution from the firm for convenience and flexibility. Customers can check the specifics of their investment portfolio and make smart investment decisions using PMS.
For a more smooth experience, the firm provides high-quality and convenient trading and Demat account opening services. Clients may also make use of intraday and IPO services, allowing them to trade in the stock market more simply.
Apart from that, the firm offers Robo advice and stock suggestions to help customers improve their financial situation. Customers may have a very seamless trading experience with all of these services.
Edelweiss is the best broking business that you should have on your search list if you really are looking for a complete stockbroker with trading services. It provides high-quality services to clients for a better overall experience.
Edelweiss Ratings:
| Criteria: | Ratings: |
|---|---|
| Product & Services | 7.07 / 10 |
| Broking Experience | 8.03 / 10 |
| Trading Platform | 7.09 / 10 |
| Research & Advisory | 8.02 / 10 |
| Brokerage Charges & Fees | 7.03/ 10 |
| Overall Rating | 8.04/10 |
| Customer Rating | ★★★★ |
Edelweiss Complaint:
The total number of Edelweiss consumer complaints received by the exchanges. A review of Edelweiss Broking Ltd’s reliability and quality of service may be gained from looking at the company’s Edelweiss customer complaint reports.
| Exchange | Financial Year | Number of Clients | Complaints | % |
|---|---|---|---|---|
| NSE | 2021-22 | 168,319 | 57 | 0.03% |
| BSE | 2021-22 | 31,281 | 7 | 0% |
| NSE | 2020-21 | 157,254 | 224 | 0.14% |
| BSE | 2020-21 | 33,553 | 9 | 0.03% |
| NSE | 2019-20 | 130,215 | 116 | 0.09% |
| BSE | 2019-20 | 33,317 | 7 | 0.02% |
| NSE | 2018-19 | 120,378 | 95 | 0.08% |
| BSE | 2018-19 | 26,859 | 11 | 0.04% |
Conclusion:
As a brief refresher, Edelweiss’s review points out that Edelweiss Broking Ltd is one of the most diverse brokers, allowing you to trade and invest across different asset classes. Edelweiss’ brokerage fees also appear to be extremely competitive, since its discount brokerage plan costs clients a very cheap brokerage fee. There are a few brokerage firms that provide you with advice and research services in addition to providing you trading services.
