Edelweiss Financial Services Ltd
Edelweiss Financial Services Ltd is Mumbai India based diversified financial services group involve in 5 businesses including capital markets, asset management, credit, commodities and insurance. The Retail Broking business of Edelweiss offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs (offline only), Currency Derivatives and Futures & Options.
Edelweiss’s Trading Platforms:
The Edelweiss.in website is a free online trading platform offering trading and investment in financial products including stock, commodity and mutual funds. The website also offers portfolio tracking, charting, news and an instant fund transfer services.
Another key feature of this website is the ‘Quick Trading Toolbar‘ which allows customers to trade instantly. This toolbar also keeps track of all recent activities i.e. stocks viewed, pages surfed/taking position/tracking stock or contracts.
Edelweiss also has a low bandwidth website (Mobile WAP) which enables customers to trade on the mobile devices. Using this extremely light website customers can place trades and monitor stock positions in real-time on the mobile phone.
The Xpress a free web browser based trading application offering terminal-like experience without installing any software on your computer.
Build with Java-based technology, Xpress is a browser based application which replicates the trading terminal by providing live streaming of stock quotes.
Edelweiss Xpress allows Edelweiss customers to buy & sell equity and derivatives directly from the Xpress screen in Delivery, Intraday and T+5 segments.
Edelweiss Xtreme Trader
Xtreme Trader is a ‘Installable Desktop Trading Software‘ offering live-streaming quotes, advance charting tools and technical analysis for high frequency traders. Xtreme Trader offers customizable interface, shortcut keys for frequent actions, instant flashing research calls, stock alerts (on-screen, sms and e-mail) on condition defined by you and powerful charting tools designed for traders.
Edelweiss Mobile Trader
Mobile Trader, a free smart phone trading app, offers trading capabilities (trade on NSE, BSE in Equities, Derivatives and Currency) on mobile phone to Edelweiss clients. In addition, it also offers live streaming quotes, portfolio monitoring, fund transfer, charting (candle stick, area, line, OHLC), experts research, Trade Book, Order Book, Holdings, Balances and many other useful features.
- Standard Brokerage PlanThis basic brokerage plan is offered to beginners. The brokerage rate under this plan are provided in brokerage section of this page.
- Advanced Brokerage Plans(ADB Plan)Edelweiss offer flat rate plans to high frequency trader or experienced investor. This plans are valid from 3 months to 12 months and required customer to pay upfront subscription fee in advance. This plan offers up to 66% on brokerage.
- Lifetime Validity PlanThese are ADB plans that have a validity of 15 years.
Edelweiss Brokerage Charges 2018
Edelweiss charges brokerage based on the brokerage rates specified in the account opening form or as per the product / scheme opted by the client from time to time. Based on the value of business done by the client and risk perception, Edelweiss may increase/reduce the brokerage rate.
Standard Brokerage Plans
Edelweiss offeRsstandard plans for their InvestoRswith no upfront subscription fee but there is a account openin fee of Rs750. InvestoRshave to pay minimum brokerage of 3 paisa per share in delivery trade and 1 paisa per share on Intraday and Futures Trades. In addition to the brokerage, customer has to pay statutory/regulatory levies and other charges like STT, SEBI Turnover Fees, Exchange Transaction Charges, Stamp Duty (as applicable state wise) and Goods and Services Tax (GST).
|Plan 1 (Investor)||Plan 2 (Investor)|
|Mutual Fund Transaction Charges||Nil||Nil|
|Demat Annual Maintenance||Free for 1st Yr From 2nd Yr, Rs 500/PA||Free for 1st Yr From 2nd Yr, Rs 500/PA|
|Cash Delivery Rate||0.45%||0.55%|
|Intraday Cash & Equity Futures||0.06%||0.04%|
|Equity Options||Rs 150 per lot||Rs 120 per lot|
|Currency Options||Rs 50 per lot||Rs 30 per lot|
|Account Opening Charges||Rs 750||Rs 750|
Prepaid Brokerage Plans
Edelweiss offers multiple prepaid plans so traders can choose the one which best suits to them. They charge upfront subscription fee which comes with 12 months validity. Subscription amount will be utilized and adjusted at the subscription utilization rate, which will be charged as mentioned in the subscription plan. All delivery trades will be charged at a discounted rate of 1 paisa per share, at 0.1 paisa per share in futures and intraday cash trades and all option trades at 1 per lot in contract notes. Also the over-utilization will be charged at post utilization brokerage rates.
|Ã‚Â||Plan 1||Plan 2||Plan 3||Plan 4|
|Subscription Fee (Rs)||12,000||24,000||54,000||1,12,000|
|Goods and Services Tax (GST) (Rs)||2,160||4,320||9,720||20,160|
|Total Amount (Rs)||14,160||28,320||63,720||132,160|
|Validity Period (In months)||12||12||12||12|
|Futures & Intraday||0.03%||0.02%||0.02%||0.01%|
|Equity Options (Rs per lot)*||90||60||40||25|
|Currency Options (Rs per lot)*||22||15||10||6|
|Persnal Accident Insurance Cover (Rs in lakhs)||0||0||5||5|
|Criticare Insurance Cover (Rs in lakhs)||0||2||5||5|
|Medical Insurance Cover (Rs in lakhs)||1||2||5||5|
Demat Account Charges
|1||Account maintenance (AMC)||Rs 500 p.a. (1st Year Free)|
|2||Market / Off Market Transfers/ Inter Depository||Ã‚Â|
|Ã‚Â||a. Purchase (Credit in)||Nil|
|Ã‚Â||b. Market Sell within Edelweiss||Rs 20 per transaction (minimum deposit of Rs 200 against advance transaction charges)|
|Ã‚Â||c. Off Market Transaction||Rs 20 per transaction|
|Ã‚Â||d. Sell (Debit from) target other than 3b) and c above||Rs 40 per transaction|
|3||Pledge / Hypothecation||Ã‚Â|
|Ã‚Â||a. Creation / Acceptance / Closure||Rs 50 per transaction|
|Ã‚Â||b. Invocation||Rs 25 per transaction|
|5||Remat Charges||Rs 10 per 100 securities or part thereof (Subject to minimum of Rs 10 per request) + Rs 30 for postage|
- Research provided by Edelweiss is one of the best offering in brokerage industry in India. This include both fundamental calls and technical calls.
- Well diversified financial product portfolio.
- Wide offline presence through branch and franchises makes it easy for customers. Online trading tools makes it easy for online investors and traders.
- Excellent website and mobile application for trading. Its user friendly, simple and rich with features. Customer can expect tips, reports, data, news etc. at one place.