Edelweiss Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out Edelweiss Review here. Get ready to storm Dalal Street with Edelweiss Brokerage firm (Now known as Nuvama Wealth), where trading is the ultimate adventure and joy ride.

The Mumbai-based brokerage house always eyes trader’s empowerment with multiple financial solutions.

While conducting the Edelweiss review, it has proved that their services are incredible and trustworthy.

Millions of strong customer bases show their reliability in the market. Investors always appreciate Edelweiss’s transparent charges.

However, sometimes it depends on trading volumes and plans.

Why Trade or Invest with Edelweiss?

For more than one and a half decades, Edelweiss empowered traders. It supports Edelweiss account holders with diversified products, customizable features, and responsive customer support.

So, you have an ample number of reasons to join it.

Strong brand name: The cash-rich financial and wealth management company backs Edelweiss. Their value-added service and strong brand name have empowered investors for over a decade.

Furthermore, its strong portfolio suggestions keep traders a few steps forward from the competition.

Award-winning performance: With the help of advanced tech, proper guidance, and research support, Edelweiss is a champion in award-winning competitions.

Despite late entry, top-notch customer support, transparent pricing, and ethical business make the brand trustworthy.

Diversified option/low cost: Edelweiss provides multiple products per your risk appetite. The diversified investment is suitable for all pockets and all ranges of experiences.

The company aims to provide low-cost brokerage solutions. So, charges are lower than some nearest competitors.

Edelweiss Brokerage targets to open trading doors for all pockets. So, the company set nominal charges for trading and other financial solutions.

If you cannot pay handsome brokerage charges per order, then Edelweiss comes with cost-effective solutions.

For intraday trading, you have to pay only Rs.10 per order or 0.01% of brokerage (the lower amount is applicable).

Moreover, the company provides a free demat account with one year of zero charges for AMC. After that, a renewal amount of Rs.500 will be deducted.

Edelweiss Calculator

Calculate Brokerage Charges of Edelweiss.

How to Open Edelweiss Demat Account?

Opening an Edelweiss demat account could be done before finishing your tea. Investors have both online and offline submission options, but Edelweiss encourages online or paperless mode.

Online mode is quick and easy. You can make an account from anywhere or in any comfort zone.

Online or Paperless Process

• At first, you have to provide the basic info like Name, Mobile number, Email & City after clicking the “Open Demat Account”’ button.
• Then, you will receive a call from the broker’s executive & they will share an account opening link with you.
• Put your KYC details in the link provided by the executive.
• After that, fill in the PAN, DoB, and bank details.
• The next step is to choose a brokerage plan and fill out the KYC form.
• Attach the scan copies of the documents
• Check the form with the preview option and click the submit option.
• You will receive all login details in an email and a call from the RM during business hours.

Offline Process

• Collect the form from the nearest branch or download and print it.
• Secondly, you must submit the form and attach copies of the above documents.
• At last, submit it to RM or the nearest branches.

Always remember that an AADHAR number must link with the phone ( OTP verification). You can’t use different numbers for this purpose.

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As a prominent brokerage house in the country, Edelweiss always eyes multiple platforms and tools with Edelweiss Apps to make a smooth journey.

In addition, traders will get various financial products on the same platforms —

• Edelweiss mobile trader app is an all-in-one solution for traders. It ensures a smooth trade execution.
• Browser-based trading page is there with real-time streaming quotes and customizable workspaces.
• In addition, the edelweiss is another benefit with a personalized trading station for account holders.

From its inception in 2008, Edelweiss has empowered traders with advanced apps, tools, and real-time market data.

Edelweiss Review helps to get a market advantage while trading. In addition, various platforms and tools also assist in building a strong portfolio.

The 15-year-old journey from Eledweiss to Nuvama Wealth— the company always focuses on a powerful trading page, tools, and features.

So, in this tech-savvy world, Eldeweiss comes with multiple platforms for traders.

Edelweiss App

Edelweiss App is open for all, from learning to trade purposes. Moreover, it is considered the first trading app in India for non-account holders!

You will get profitable opportunities through a market screening facility free of cost. The pop-up window is driven by advanced technology, so users don’t need to skip a profit-making decision.

Furthermore, the App is popular among millions of users in Apple and Google Play Store markets, with a 4.6 ranking out of 5!

Active users get support in various manners from the app-based platform —

• Up to 100 stocks in personalized watchlists and get recommendations on favorite stocks.
• More than a dozen of indicators to support advanced charting, candlelight analysis
• Get a whole day summary with top gainers or losers, sector-wise high and low performers.
• Track market trends with alerts and notifications
• Advanced technical charting
• Support for mutual funds, IPO from a single window

In addition, live streaming and fast updates or reloadings. However, you can also get stop-loss-like trending order types. Just make a stop order in the ‘stop-loss market’ window to enjoy the facility.

Edelweiss Terminal X3

If you are a desktop or laptop user and prefer to trade in a giant screen, TX3 is the best possible solution.

Terminal X3 adds a factor X to your desktop trading experience, from trading to charting or analytics to margin calculators.

In addition, the software helps make decisions with exceptional speed and uninterrupted page-loading experiences.

Before downloading the software, check some unique features of this

• Users will get a full learning video for a quick start
• Market statistics with seasonal analysis, FII and DII trading activity with data
• Detailed stock analysis to make portfolio strong
• Make your everyday trading advanced charts like Heiken Ashi, Renko, and real-time data.
• In addition, get 15-year historical data (in general, data is available for 10 years)

Set your personalized workspace with a box-like widget and enjoy multiple windows simultaneously.

Moreover, this software makes your intraday and derivative trading more interesting. Powerful charts and other cutting-edge tools help traders to keep ahead of the competition.

Edelweiss API

If you want to control your trading platform or you want a better facility than personalized wishlists, Edelweiss API is the solution.

Enjoy REST APIs while trading with Edelweiss. In addition, the system is free of cost and supports some advanced languages also.

Winner of ‘Best Wealth Manager India’, Edelweiss offers partners a broad range of products. Suppose you are an individual or corporation.

So, Edelweiss draws a standard product portfolio and brokerage plans for all types of traders, whether individual or collective.

Edelweiss lite plan (for light pocket)

Edelweiss discount brokerage plans are known as Edelweiss lite. Traders have incredibly cheap brokerage charges of Rs.10 for each order in NSE, BSE, and MCX.

Edelweiss Elite (for premium care and advanced support)

Edelweiss elite plan has RM support with a personalized trading experience. Moreover, the elite plan includes excellent tools, recommendations, and research team support.

Edelweiss SWOT Analysis

If you are looking to start your stock investment with Edelweiss, then you must check out its SWOT Analysis here.

Strength

• Lower debt boosts the confidence of clients
• High EPS growth is a good health indicator
• Growing gross profit in past financial years
• Strong presence with nearby 500 offices across India
• Serving clients at lower brokerage fees than competitors

Weakness

• Profit draining for interest payment.
• Unable to cater to small towns and rural India
• Drying net cash flow is a concern

Opportunities

• Catering to untapped markets to increase net cash flow
• Need more free initiatives like webinars, learning videos, and promotional activities via social media
• The undervalued stock needs more confidence from investors.

Threat

• Poor performance in the stock market since 2019; research facility is chargeable.
• Promoter holding is less than 50% ( nearly 32%)
• Some competitors have more diversified and value-added plans

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Edelweiss empowers trading account holders with robust research support. Even you can have additional research support at a minimum cost of Rs.50/month.

However, the research and recommendation offer for the premium plan is free for active users.

Market developments: Edelweiss offers in-depth market data, with a deep dive into a minimum of 212 stocks. In addition, the research team also adds a minimum of 15 corporates in every FY.

To provide a diversified and potential investment opportunity, they analysis also derivatives and the best mutual funds.

Investment recommendations: Suppose you have a low investment horizon or a heavy pocket. In that case, the Edelweiss research team is always in the market to assist you.

They suggest the best stocks as per your risk appetite and financial goal. Additionally, they provide algorithm-based recommendations.

Stock Commentary: According to market trends and economic demography, Edelweiss offers a powerful market commentary and expert views.

However, the research team has a long history of time-based in-depth research. For example, a single long-term call can take 2 months.

You can use Edelweiss margin calculators to draw an exact picture of tradings in various plans. However, the margin may vary depending on market situations.

• Traders can utilize the marginal trending facilities to make up to 4x
• With the help of intraday trading, there is a possibility of making 5x
• Equity delivery is expected to get a 1x margin
• For intraday trading of stock f&o, Edelweiss traders can make 1.3x
• While trading currency F&O in Edelweiss, 1x is an average

Moreover, the Edelweiss Lite plan provides an automated leverage facility without pledging.

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Edelweiss always ensures first-rate customer care service to account holders.

The Edelweiss customer support department always provides online and offline support through the Relationship Manager.

Call 022-66203030 for assistance during office hours. But you may also voice your complaints on their social media handles on Facebook, Twitter, and Telegram.

Emails should be sent to [email protected]. You can also use their App-based chatting system for a smooth experience.

Fortunately, Edelweiss received fewer complaints from regulators or exchange markets due to excellent customer care and improved management.

In BSE (FY 22-23), 12 reports have been submitted against the brokerage house out of 53,786 active traders.

In this exchange market, all complaints have been solved. Thus, the accuracy level is 100%. Among 2,18,206 active clients in NSE (FY 22-23), the exchange body received 107 complaints.

However, 89 cases have been solved on the exchange market, and 11 cases are pending. So, it makes the accuracy level ~ 85%. Thus, the business has maintained a consistent level over the years.

Edelweiss Charges

According to regulatory norms, Edelweiss charges might fluctuate depending on plans. However, Edelweiss account opening charges are free with one-year free AMC coverage.

Being a top-ranking brokerage house, Edelweiss has no hidden charges. You can check all updated plans, fees, tax, and other nominal charges from their official website or catalog (ask RM for a free catalog).

Despite critics’ demand, the company continues its lower brokerage charges and other free plans to encourage investors. So, let’s look at fee arrangements before starting trade —

• Demat account is free with one year free AMC and charges Rs.500 after the period expires.
• A flat charge of Rs. 10 for each intraday trade with exchange bodies
• For equity options, the brokerage is Rs.10 ( for a premium plan, it is 0.030% of the transaction)
• For research-based support and offers, traders must pay Rs.50/month.

In addition, traders can take help from Edelweiss Investogy with Rs.100 for each course.

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Edelweiss Review – Conclusion

An Edelweiss review since 2008 highlights user-friendly platforms, transparent pricing, and customer-friendly operation.

In addition, it showcases a commitment to ensuring hassle-free trading experiences with multiple support systems.

Edelweiss Broking has served corporations, institutions, and individuals since 2008 with a strong brand name and customer base.

Edelweiss arranges various plans — from a free account to zero AMC for one year.

FAQs on Edelweiss

Find out various FAQs related to Edelweiss Review here.

Is Edelweiss a Safe Broker?

Yes, Edelweiss is a safe, transparent, and reliable brokerage service provider. It is approved by regulators and the exchange market.

Is Edelweiss Good for Beginners?

As a beginner, with a nominal amount of Rs.100, you can buy some tutorial videos/courses. However, some software and API tutorials are available on the web page and youtube learning video section.

How many active clients does Edelweiss have?

Edelweiss has 11 lakh clients on various platforms. Consistency of client flow is proof of seamless service.

Who is the Founder of Edelweiss?

Finance guru Mr. Rashesh Shah founded Edelweiss in 1995 as a financial solution provider. The brokerage firm later joined the parent company.

Does Edelweiss provide Free Delivery Trading?

Under the Edelweiss Lite plan, the delivery trading fee is 0.30% per order.

What are Intraday Trading Charges in Edelweiss?

For Edelweiss intraday trading charges, Rs.10 or 0.030% of the transaction value will be deducted.

What are Edelweiss F&O Charges?

For equity futures, Rs.10.00 /order or 0.030% of the whole amount. In the case of Equity options, Rs.10 for every order and Rs.75 for every lot.

Does Edelweiss charge for Commodity Trading?

A fixed brokerage fee of Rs. 10 is applicable for commodity trading.

Does Edelweiss charge for Currency Trading?

For currency options, charges are Rs.10 / per executed order and  Rs.20 per lot. However, the amount for currency futures is Rs. 10 or 0.020%.

Does Edelweiss provide research?

Yes, Edelweiss provides research support with experts and machine language-based suggestions. If you want premium service, there are also some paid research supports.

How to contact Edelweiss Customer Care?

Dial 022-66203030 or check their verified Twitter or Facebook pages. Always rely on communication channels through the website. Avoid fake numbers of scammers.

How much is AMC in Edelweiss?

AMC is free for one year; after that, you must pay Rs.500 for the service renewal.

What are Account Opening Fees in Edelweiss?

Demat account is free with one year AMC. You don’t need to pay anything for this.

What are Pledge Creation Charges in Edelweiss?

Pay 0.02% of the whole amount or Rs.50 per order, whichever is higher. Fortunately, there are no charges for confirmation.

How much are Pledge Invocation Fees in Edelweiss?

The pledge invitation fee of Edelweiss is 0.02% of the transaction or Rs.25 per execution of the order. Remember, a higher one is charged.

Does Edelweiss levy any Interest on Margin Trade Funding?

There are no extra charges for Edelweiss elite clients for Margin Trade Funding.

What are DP Charges in Edelweiss?

DP charges are Rs.20 or 0.02% of the transaction. Edelweiss allows a higher one.

Does Edelweiss levy any Account Closure Fees?

Edelweiss doesn’t charge for account closing. In general other competitors have the same trend as well.

What are Account Reactivation fees in Edelweiss?

There are no reactivation charges so far. If there are no pending charges, then traders have to make login and KYC updates. However, you can call the Relationship manager for more updates.

What are Call & Trade Charges in Edelweiss?

Call and Trade charges (for Advisory and Trading) are Rs.20/ order. You may get lower charges or make it zero charges through premium plans.