Nuvama (Edelweiss) Trading Software Review | Download, Demo

Edelweiss provides you a unique customer ID when you open the trading account with them. You can use this id to login to any of the trading software provided by Edelweiss. The login ID (client id) and password are the same for all platforms.

Steps to login to Edelweiss Online

1. Go to www.Edelweiss.in
2. Click on the 'Login' button in the top right.
3. Click 'Buy/Sell' or 'My Reports'
4. Enter the customer id (login id) and password
5. Click the 'Login' button.

If you have forgotten the password, then click on the 'Login Help' button, authenticate yourself and click submit. The password will be sent to your registered email id and mobile number.

Your Edelweiss account gets locked if you enter the password wrong 3 times or have not used the account for a long time. You can unblock the Edelweiss account online through its website or mobile app.

Steps to unblock Edelweiss account

1. Visit Edelweiss website
2. Click on the 'Login' button in the top right.
3. Click on 'Login Help'
4. Click on the 'Unblock Account' tab
5. Enter login id, email id and PAN number
6. Click on 'unblock account'

Note: Your login id is your customer id.

Once your Edelweiss trading & demat account is opened, you are set to buy & sell shares or any other securities from the stock exchanges. You can use any of the online trading software offered by the company to trade. This includes a website and mobile app.

Edelweiss customers can also place orders by calling the dealer's desk or by visiting the local Edelweiss office.

Steps to Buy Shares in Edelweiss Online

1. Login to the Edelweiss website or mobile app.
2. In the top right, go to 'Buy/Sell' > 'Transfer Funds'.
3. Add funds to your trading account using net banking or UPI.
4. Click on ''Buy/sell' > 'Place Order'.
5. Search for the stock in the search bar.
6. Click on the 'Trade' button next to the name of the stock.
7. Click the 'Buy' button, select exchange and enter order detail.
8. Choose the product type as 'Delivery CNC' and click the 'Place Order' button.
9. Review and confirm the order
10. Go to the 'order status' tab to check the status of your order.

Note:

• You will receive an email and SMS providing the order details by the end of the day.
• The shares will be credited in your Edelweiss demat account in T+2 days with T being the day of placing the order.

Edelweiss customers can do intraday trading online, using call & trade or by visiting a dealer desk in nearby Edelweiss office. Intraday trading requires you to close the position on the same day. It is the most popular form of trading in India.

Steps to do Intra-day trading in Edelweiss Online

1. Login to the Edelweiss website, mobile app or TX3.
2. Transfer funds from a bank account to the Edelweiss trading account.
3. On Edelweiss website, click on the 'Login' button > ''Buy/sell'
4. Search for the stock to invest in the search bar.
5. Click on the 'Trade' button next to the name of stock in the search result.
6. Click the 'Buy' button, select exchange and enter order detail.
7. Choose the product type as 'Intraday MIS' and click the 'Place Order' button.
8. Review and confirm the order
9. Go to the 'My Positions' tab to check the status of your position.
10. Close position (sell) the same day before 3:20 PM.

Note: In intraday trading, you need to sell the stocks bought on the same trading day before the market closes. Else you have to convert your order into delivery by paying the full value of the trade.

Margin is the money required in your trading account to take any new position in the stock market. Edelweiss offers a nice summary page which gives you complete detail about the margin.

Steps to check margin in Edelweiss

1. Login to the Edelweiss website or mobile app.
2. In the top right, go to 'Buy/Sell' > 'Funds Available'.
3. Check the Amount Available and Amount spent/blocked.

Cash Balance

Cash represents the amount of cash margin available for use. This is independent of your limits and indicates the amount of cash available in your ledger minus any obligations such as purchases, payout requests, orders placed etc.

Notional Cash

Cash pending to be added to your account, based on trades in the last 2 days. Edelweiss let you trade for this amount too.

Collateral Value

Limits provided to you against your holding after an applicable haircut.

Cover Order in Edelweiss helps you get more leverage in the equity and futures segments in intraday trades. It helps you to gain high returns while limiting your losses by setting a stop-loss trigger price.

The Cover Order feature is available only on select stocks and Future contracts. Trades with Cover Orders get a higher margin due to limited risk involved. A Cover Order lets you place trades up to 80 times the available limits in your trading account.

While taking an intraday position, you need to specify the trigger price and the limit price. If the stock price crosses the trigger price a sell order is placed which gets executed when the limit price is touched. This way you limit the extent of losses in an intraday trade in case the price moves downwards.

Steps to Place a Cover Order

1. Login to the Edelweiss website or mobile app.
2. In the top right, click on 'Buy/Sell' > 'Place Order'
3. Search for the stock in the search bar.
4. Click on the 'Trade' button next to the name of the stock.
5. Click the 'Buy' button, select exchange and enter order detail.
6. Choose product type as 'Cover Order (CO)' and click the 'Place Order' button.
7. Review and confirm the order

You could check Edelweiss order status online for orders placed online or offline. You can check the status of one-time orders in Equity, Derivatives, Mutual Funds and IPO. You could check the status of SIP orders in Equity and Mutual Funds.

Steps to check Order Status in Edelweiss

1. Login to the Edelweiss website or mobile app.
2. In the top right, go to 'Buy/Sell' > 'Order Status'.
3. Select the segment
4. Select the script
5. Click on details to view the order status

You need to place a 'Transfer Funds Request' to withdraw cash available in your Edelweiss trading account. This request can be placed online using the Edelweiss website or mobile app.

Steps to withdraw money from Edelweiss

1. Login to the Edelweiss website or mobile app.
2. In the top right, go to 'Buy/Sell' > 'Transfer Funds'.
3. Click on the 'Withdraw Funds' tab.
4. Choose the bank and enter the withdrawal amount.
5. Click on the 'Submit' button.

Note:

• The withdrawal money will be credited to your bank account by the end of the day.
• Payout requests placed till 3:30 PM on trading days will be processed on the same day. Payout requests placed after 3:30 PM will be processed on the next trading day. In the case of Bank holidays, the requests will be processed on the next bank working day excluding Saturdays.

Steps to change password in Edelweiss

1. Go to the https://edelweiss.in website.
2. Click on Login -> Login Help Button -> Generate New Password.
3. Enter your Login ID, Email ID, and PAN number -> Send OTP.
4. You will receive an OTP on your registered Email ID and Mobile SMS.
5. Enter the OTP and you will get an option to set up a new password.