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

Check out Nuvama Review here. Nuvama Wealth & Investment Limited, formerly Edelweiss Broking Ltd., is a full-service stock broking firm based in Ahmedabad, India.

Founded in 2008, Nuvama offers a comprehensive range of facilities to invest and trade in all major asset classes.

In this Nuvama Review, we will dig deeper into this Broking platform. From Nuvama charges to pros and cons, if you want to roll out a trading trip at Nuvama.

Then let’s be your best guide.

Why trade or invest with Nuvama?

Firstly, let us know why any user should invest or trade with Nuvama:

• With a strong focus on retail brokerage, Nuvama provides its clients with the tools and resources they need to make informed investment decisions.
• Opening a Nuvama account is easy. Such as you can access your account in six steps.
• More than 2.19 Lakh clients use Nuvama to trade assets and invest in the stock market.
• Users will have access to market reports and data for research.
• However, a user-friendly interface ensures a good UX.
• Also, Experts in the Nuvama team actively respond to people’s queries.
• The broker’s mobile app has over 2.2 million installs and garners a positive rating from users.

To meet the demands of investors, Nuvama offers two brokerage plans: the Lite Plan and the Elite Plan. The Elite Plan’s broker rates depend highly on transaction amount or per lot.

Also, it comes with extra value-added services like a research service. At the same time, the Lite Plan’s fixed fee per signed order is Rs 10.

However, other Nuvama Brokerage and commissions for stock trading are notable.

Therefore, for all Equity delivery, future, intraday, options, and currency, the brokerage charges are fixed at Rs 10 per executed order.

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How to Open a Nuvama Demat Account?

If your phone and Aadhar numbers are linked for OTP approval, you can quickly set up a Nuvama Demat account online. To create an account online, do as follows:

• Fill up your details in the provided form & submit.
• Post that, you will receive a call along with a link to open a demat account.
• Fill out your profile details in the subsequent processes.
• Choose a brokerage fee structure.
• Make a video and finish the IPV process.
• Similarly, submit electronic copies of the requested documents.
• Do e-sign and tick the checkbox to finish the on-screen process.

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One of the notable things you would want to come across in this review is the trading platform. Some folks love the excellent interface, while others strongly bond with mobile trading.

App: Given this, the broker provides Android App for Android Smartphone users and iPhone users can install the iOS app of Nuvama.

Web Trading Platform: The online platform allows clients to trade financial assets such as through a web-based interface, stocks, bonds, options, and futures.

Algo Trading Platform: A software-based platform that enables traders to test, create and execute their strategies in real time.

Mutual Fund Platform: Most notably, the brokers give a discrete platform for MF clients free of cost.

Trading Terminal: Also, the broker offers Terminal X3 that serves easiness in Trading, Charting, Analytics, and Calculators – All in One!

Below is a detailed summary of the Nuvama App, the trading platforms, tools & features. So, take a look to learn more:

Nuvama App & its Features

Stock Screeners: The Nuvama app provides stock screeners that allow users to filter and search for stocks based on price, market, sector, etc.

UPI Fund Transfer: UPI (Unified Payments Interface) is a prevalent payment system in India that funds transfers. On the other hand, you can use UPI to fund your Nuvama account.

Live market news: Also, the Nuvama app provides live market news and updates to keep users informed about the latest deeds in the financial markets.

Historical Charting: Historical charting allows users to analyze the price ups and downs of stocks over time.

New Fund Offers: The Nuvama app provides information and updates on new fund offers (NFOs). Thus, this feature allows investors to study and invest in newly launched funds that match their aims.

Nuvama Web Trading Platform & its Features

Share Market Information: Real-time quotes, market depth, trade volumes, bid-ask spreads, and other relevant data for various stocks, indices, and other assets are in touch with this feature.

Advanced Charting: With over 60+ pro-level indicators, clients can analyze the market in depth. By using shortcuts, they are also about to save time during live trading hours.

Live Portfolio & Reporting: If you want to take quick trades, the live reporting feature will aid in that. Traders can view their holdings in one go. In the same way, transactions, P&L, and other bills are within reach.

Dedicated Research Section: Nuvama has a dedicated research section where traders can access a wealth of research reports, market analysis, expert insights, share ideas, and so on.

Customizable Workspace: Also, traders can arrange and tailor many components. E.g., watchlists, charts, order entry modules, and news feeds, based on their trading strategies and workflow.

Nuvama Markets Features

So, Nuvama Markets is a user-friendly stock trading platform attainable as a mobile app.

It provides traders with technical and financial data vital to making great choices in the stock market.

This app allows users to create and monitor their watchlist, including up to 100 stocks.

Also, the app offers cutting-edge charting features, putting detailed and interactive stock charts at your fingertips.

Nuvama Markets is open to use for both Android and iOS users.

Nuvama TX3 Features

Simply put, Terminal X3 (TX3) is an all-inclusive trading terminal designed to cater to the needs of traders.

Thus, all-in-one share market software offers exceptional speed, insightful data analytics, and innovative charting specs.

With TX3, traders can stay ahead of the game in the share markets. Similarly, the terminal provides real-time market data and analysis, empowering traders with the information they need to make informed decisions.

Nuvama API Connect Features

Nuvama API Connect is a platform that enables traders to trade using RESTful APIs.

Moreover, it offers a fast and secure way to execute trades and can handle institutional-level order loads.

Thus, integrating into Nuvama’s libraries, users can execute orders in real-time, manage their portfolios, and stream live market data using WebSockets.

Here are some amazing offers provided by Nuvama Wealth.

• Nuvama offers various brokerage plans to meet the diverse needs of traders and investors.
• Also, users will have access to free research services that assist them in making well-informed decisions regarding their investments.
• Please note, Nuvama is one such platform offering free AMC and Free Account Opening
• Also, multiple platforms like Terminal X3, Nuvama API Connect, and Nuvama serve flexibility.
• Notably, margin funding and pledging are available too.

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Nuvama offers a range of research reports to help traders and investors make informed decisions. Here is a breakdown of the types of research reports available:

• Fundamental Research – Analysis of a company’s financial and economic fundamentals to assess its value is available.
• Company Annual – You can find a detailed financial and performance analysis of a company’s annual report.
• IPO – Research on companies planning to go public through an Initial Public Offering (IPO) is present.
• Technical – Analysis of stock price and volume data to identify trends and make trading decisions is in the Nuvama trading account.
• Stock Tips – Recommendations for buying or selling particular stocks based on market analysis present.
• Daily Top Stock Picks –You get a list of top-performing stocks recommended for investment daily.
• Daily Market Review –Daily summary of stock market trends and news.
• Monthly Review – There is a monthly overview of market performance and trends.
• Weekly Review –Obtain a weekly analysis of stock market trends and news.
• Relationship Manager – personalized investment advice is there.

Exposure provided by Nuvama are:

• Nuvama (Edelweiss) offers up to 5x leverage or margin for intraday equity trading
• There’s a 1.3x margin for Equity F&O trading and Commodity F&O intraday.
• But if we look at the Nuvama margin for other assets, which includes Equity delivery, commodity F&O, and Currency F&O, only 1x leverage is provided.

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Nuvama offers complete support to its customers over several different channels, including chat, email, and telephone.

Also, clients seeking help with their trading account, fixing technical issues, or settling any other queries can take the help of the given channels.

Subsequently, these channels direct you to the Nuvama Customer Care support team.

Clients are given the choice of contacting Nuvama’s specialized complaints-handling staff through phone, email, or physically going to the location convenient for them if they have a problem.

Though, Nuvama takes the concerns of its customers very seriously and makes every effort to resolve them as quickly as possible.

So far, over 102 Nuvama complaints have been successfully resolved. The broker has a track of solving over 87.18% of complaints.

Nuvama Charges

Here are list of fees charged by Nuvama Wealth.

• Account Opening: Nuvama Account Opening Charges are NIL, free to open.
• Annual Maintenance Charges (AMC): Nuvama charges a yearly maintenance fee of Rs 500 for demat accounts after the first year.
• Brokerage Charges: In the essence of it, Lite Plan charges a flat rate of Rs 10 per executed order for all segments, while STT, CTT Charges, and Stamp Duty Charges vary from one asset to another.
• Transaction Charges: The broker levies transactional charges on all buy and sell transactions made through their platform. But make sure as charges can vary.
• Pledge Charges: Nuvama charges a pledge creation fee of Rs 7 per request, and a similar amount is counted in pledge invocation charges.
• Hidden Charges: In short, the list of Nuvama Hidden Charges covers SEBI turnover charges of Rs 10/crore, DP Charges, GST, Account Closure Charges, and many others, as detailed in the table.

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Nuvama Review – Conclusion

At last, Nuvama Review clarifies that Nuvama is an all-around financial services provider that gives its consumers access to a wide range of trading and investment options.

Summing up, Nuvama serves a large pool of investors and traders thanks to its flexible account options, major research reports, and intuitive trading interface.

Lastly, it is a credible option for people excited about trading or investing in the Indian stock market.

FAQs on Nuvama

Here is the list of FAQs related to Nuvama Review.

Is Nuvama a safe broker?

Yes, Nuvama is a safe broker. SEBI regulates it and has strong financial backing from Edelweiss.

Is Nuvama suitable for beginners?

Nuvama is excellent for beginners as it offers a user-friendly trading platform and educational resources.

How many active clients does Nuvama have?

To sum up, the online stock broker serves over 2.19 Lakh+ active clients.

Who is the founder of Nuvama?

Rashesh Shah founded the brokerage firm Edelweiss Broking Ltd. Similarly, and Edelweiss Broking Ltd is a parent company of the Nuvama brand.

Does Nuvama provide free delivery?

No, Nuvama doesn’t offer free delivery. Above all, investors pay a flat fee of Rs.10 if they are eager to trade with Nuvama.

What are intraday trading charges in Nuvama?

Nuvama charges a flat fee of Rs.10 per executed order for intraday trading in equity. Similarly, equity futures, options, and currency derivatives trading will invite the exact charges.

What are Nuvama F&O charges?

Nuvama charges a flat fee of Rs.10 per executed order for trading in equity. But similar charges are posed for equity futures and options and currency futures and options.

Does Nuvama charge for commodity trading?

Yes, Nuvama charges for commodity trading. However, the charges for commodity trading are similar to those seen in equity and currency derivatives.

Does Nuvama charge for currency trading?

Yes, Nuvama charges for currency trading, which is a flat rate of Rs.10 per executed order.

Does Nuvama provide research?

Yes, Nuvama provides research to its customers. Moreover, the broker offers fundamental and technical research reports, daily market insights, and trading ideas across diverse asset classes.

How do I contact Nuvama Customer Care?

You can call Nuvama customer care at 022-66203030 or email your queries to [email protected].

How much is AMC in Nuvama?

To sum up, the account maintenance fee in Nuvama is Rs.500 only.

What are account opening fees in Nuvama?

However, the account opening is free for trading accounts. So, anybody who wishes to invest through Nuvama can feel relaxed about upfronts.

What are pledge creation charges in Nuvama?

Essentially, the broker charges Rs.7 per request as part of pledge creation charges.

How much are pledge invocation fees in Nuvama?

Similarly, the pledge invocation charges are also Rs.7 per request.

Does Nuvama levy any interest on margin trade funding?

Yes, Nuvama charges interest on margin trade funding. However, the interest rate comes to light with the margin and funding duration.

What are the DP charges in Nuvama?

In short, DP (Depository Participant) charges are the fees levied by a depository participant, and here in Nuvama Case, DP charges are Rs.20 per scrip.

Does Nuvama levy any account closure fees?

In Nuvama, levy a small account closure fee of Rs.150. Such that people who are willing to close their accounts may submit this small charge.

What are account reactivation fees in Nuvama?

In essence, Nuvama charges a fee of Rs.100 for account reactivation. However, this fee is applicable for reactivating a dormant account.

What are call and trade charges in Nuvama?

Nuvama charges Rs.10 per executed order for calls and trades.