Edelweiss Vs iTradeOnline (Compare Edelweiss and iTradeOnline)

Edelweiss Vs iTradeOnline

Incorporated in 2002, Edelweiss is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	Edelweiss	iTradeOnline
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX
Year of Incorporation	2002
Number of Branches	237
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Edelweiss Vs iTradeOnline Charges & AMC

Edelweiss trading account opening charges is Rs 0 (Free) while iTradeOnline account opening changes is Rs 0 (Free). Edelweiss Demat Account AMC Charges is Rs 500 (1st Year Free) and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

	Edelweiss	iTradeOnline
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges	Rs 500 (1st Year Free)	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0

Edelweiss Vs iTradeOnline Brokerage

Edelweiss brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

	Edelweiss	iTradeOnline
Account Type	Edelweiss Lite	Pay Per Trade
Fixed Charges	NA	Rs 0
Equity Delivery	Rs 10 per executed order	Rs 20 per executed order or .01% whichever is lower
Equity Intraday	Rs 10 per executed order	Rs 20 per executed order or .01% whichever is lower
Equity Futures	Rs 10 per executed order	Rs 20 per executed order or .01% whichever is lower
Equity Options	Rs 10 per executed order	Rs 20 per executed order or .01% whichever is lower
Currency Futures	Rs 10 per executed order	Rs 20 per executed order or .01% whichever is lower
Currency Options	Rs 10 per executed order	Rs 20 per executed order or .01% whichever is lower
Commodity Futures		Rs 20 per executed order or .01% whichever is lower
Commodity Options
Special Offer	Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.	Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Edelweiss Vs iTradeOnline Brokerage Plan 2

	Edelweiss	iTradeOnline
Account Type	Edelweiss Elite	Pay Per Trade
Fixed Charges		Rs 0
Equity Delivery	0.30%	Rs 20 per executed order or .01% whichever is lower
Equity Intraday	0.03%	Rs 20 per executed order or .01% whichever is lower
Equity Futures	0.03%	Rs 20 per executed order or .01% whichever is lower
Equity Options	Rs 75 per lot	Rs 20 per executed order or .01% whichever is lower
Currency Futures	0.02%	Rs 20 per executed order or .01% whichever is lower
Currency Options	Rs 22 per lot	Rs 20 per executed order or .01% whichever is lower
Commodity Futures		Rs 20 per executed order or .01% whichever is lower
Commodity Options
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Edelweiss Charges Vs iTradeOnline

Minimum Brokerage	0.03% Equity delivery, 0.01% Intra-day and Futures	Rs 0 (No Minimum Brokerage)
Other Charges	Margin Funding: 0.08%/day, Research: Rs 50 per month,	Physical contact notes: Rs 20
Call & Trade Charges	Rs 20 per call	Rs 0 (Free)

Edelweiss Vs iTradeOnline Transaction Charges

Edelweiss transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) while iTradeOnline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	Edelweiss	iTradeOnline
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)	NSE Rs 190 per crore (0.0019%)
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%)	NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options	Rs 4000 per Cr (0.04%) (on premium)	NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity		MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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Edelweiss Vs iTradeOnline Leverage (Margin)

Edelweiss margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the iTradeOnline margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Edelweiss	iTradeOnline
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Edelweiss and iTradeOnline Features

The trading platforms offered Edelweiss include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

	Edelweiss	iTradeOnline
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time	3:00 PM	Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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Edelweiss Vs iTradeOnline Review

Edelweiss is rated 3.0 of 5 based on 64 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

	Edelweiss	iTradeOnline
	64 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Edelweiss is rated 3.0 of 5 based on 64 customer reviews	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews

Edelweiss Vs iTradeOnline Investment Options

	Edelweiss	iTradeOnline
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance, Wealth Management

Edelweiss Vs iTradeOnline Order Type Offered

	Edelweiss	iTradeOnline
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Edelweiss Vs iTradeOnline Research Report

	Edelweiss	iTradeOnline
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Edelweiss Vs iTradeOnline Suitable For Investor Type

	Edelweiss	iTradeOnline
Casual Investor
Active Investor
Trader

Edelweiss Vs iTradeOnline - Pros and Cons

	Edelweiss	iTradeOnline
Pros	Full-service broker offering discount brokerage plan. Trade at flat Rs 10 per executed order across all segments in Edelweiss Lite Plan. Instant online account opening: Open your Investing & Trading account in less than 15 minutes. Offer commodity trading on the same trading platform. Free research and trading tips call to all the customers. Online IPO application.	Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Research based fundamental and technical analysis available to all the customers. Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.
Cons	The bracket orders are not available. Good Till canceled orders are not available. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures Call & Trade is available at an additional cost of Rs 20 per call.	Separate account needed for Mutual Funds investment. For iTradeOnline customers, the customer service is not available through 400+ Trustline branches. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API's are now available. Opening demat account along with the trading account is mandatory. No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers	Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only) Flat Rs 10 per trade across all segments. FREE Research and Trading Tips. Margin against share and Margin Funding available. It is a limited-time offer. Open FREE Edelweiss Account online in just 15 Minutes.	Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.
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