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Edelweiss Vs Nirmal Bang (Compare Edelweiss and Nirmal Bang)

The side-by-side comparison of Edelweiss and Nirmal Bang. Compare Edelweiss Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and Edelweiss review.

Find out Edelweiss Vs Nirmal Bang which is better and Edelweiss Vs Nirmal Bang which is best.

Our Edelweiss Broking Ltd comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Edelweiss and Nirmal Bang.

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Edelweiss Vs Nirmal Bang

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
 
Edelweiss Broking Ltd Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker Incorporated in 2008, Edelweiss Broking Ltd. is a Mumbai, India based full- service stockbroking firm. The company is a part of Edelweiss Group, incorporated in 1995, a leading diversified financial services conglomerate. The Retail Broking business... Know more about Edelweiss Broking Ltd Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kisho... Know more about Nirmal Bang Securities Pvt Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX, NMCE
Account Type Discount Brokerage Plan Basic Plan
Broker Enquiry Open an Online Trading Account with Edelweiss. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
Year of Incorporation 2002 1986
Number of Branches 237 2000
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Edelweiss Vs Nirmal Bang Charges

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees ₹750 Rs 0
Trading Account AMC ₹0 Rs 0
Demat Account Opening Fees ₹0 Rs 0
Demat Account AMC ₹500 Rs 200
Demat Account is Mandatory? No No
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Edelweiss Vs Nirmal Bang Brokerage

Brokerage Plan 1

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Account Type Discount Brokerage Plan Basic Plan
Fixed Charges NA
Equity Delivery Brokerage 0.01% 0.2%
Equity Intraday Brokerage 0.01% 0.02%
Equity Futures Brokerage ₹5 per lot 0.02%
Equity Options Brokerage ₹5 per lot Rs 35
Currency Futures Trading Brokerage ₹5 per lot 0.02%
Currency Options Trading Brokerage ₹5 per lot Rs 20
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Account Type Prepaid Plan (₹12,000 for 12 months) Basic Plan
Fixed Charges ₹12,000 + ₹1,800 (Service tax) NA
Equity Delivery Brokerage 0.30% 0.2%
Equity Intraday Brokerage 0.03% 0.02%
Equity Futures Brokerage 0.03% 0.02%
Equity Options Brokerage ₹90 per lot Rs 35
Currency Futures Trading Brokerage 0.04% 0.02%
Currency Options Trading Brokerage ₹22 per lot Rs 20
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Account Type Prepaid Plan (₹1,12,000 for 12 months) Basic Plan
Fixed Charges ₹1,12,000 + ₹16,800 (Service tax) NA
Equity Delivery Brokerage 0.10% 0.2%
Equity Intraday Brokerage 0.01% 0.02%
Equity Futures Brokerage 0.01% 0.02%
Equity Options Brokerage ₹25 per lot Rs 35
Currency Futures Trading Brokerage 0.01% 0.02%
Currency Options Trading Brokerage ₹6 per lot Rs 20
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges 3 paisa per share in delivery, 1 paisa per share on Intraday and Futures
Other Brokerage Charges
Call & Trade Charges Free
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Edelweiss Vs Nirmal Bang Taxes

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Edelweiss Vs Nirmal Bang Transaction Charges

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Equity Delivery NSE ₹325 | BSE ₹275 ₹390
Equity Intraday NSE ₹325 | BSE ₹275 ₹390
Equity Futures NSE ₹190 | BSE ₹190 ₹240
Equity Options NSE ₹5000 | BSE ₹5000 ₹5700
Currency Futures NSE ₹115 | BSE ₹115 ₹240
Currency Options NSE ₹4000 | BSE ₹4000 ₹5700
Commodity ₹250
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Edelweiss Vs Nirmal Bang Exposure Margin

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Equity Delivery Up to 10x upto 10x
Equity Intraday Up to 40x Upto 4x
Equity Futures 40x Upto 4x
Equity Options Nil Upto 2x for shorting
Currency Futures 1.5x Upto 2x for shorting
Currency Options Nil Upto 3x
Commodity Futures Up to 6x Upto 3x
Commodity Options
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Edelweiss and Nirmal Bang Feature Comparison

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:00 PM 3:15
Other Features
Referral Program
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Edelweiss Vs Nirmal Bang Review

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
  22 Customer Reviews    Rate Edelweiss 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.6 3.7
Trading Brokerage Rating 2.2 3.5
Trading Platform Usability 3.2 2.7
Customer Service Ratings 2.0 2.5
Overall Ratings Rated 2.3 stars Rated 2.6 stars
Broker Rating Edelweiss is Rated 2.3 / 5 based on 22 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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Edelweiss Vs Nirmal Bang Investment Options

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Note: IPO
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Edelweiss Vs Nirmal Bang Customer Service

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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Edelweiss Vs Nirmal Bang Order Type Offered

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Edelweiss Vs Nirmal Bang Research Report

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Edelweiss Vs Nirmal Bang Suitable For Investor Type

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes
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Edelweiss Vs Nirmal Bang - Advantages and Disadvantages

  Edelweiss Broking Ltd Nirmal Bang Securities Pvt Ltd
Pros 1. Full service broker offering discount brokerage plan. 2. Offer commodity trading on the same trading trading platform. 3. Free research and trading tips calls to all the customers.

More Advantages...

  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis

More Advantages...

Cons 1. IPO cannot be applied online. 2. Bracket order is not available. 3. Good Till cancelled orders are not available. 4. Higher brokerage in prepaid brokerage plans of Rs 12k and Rs 1.12L for 12 months.

More Disadvantages...

  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.

More Disadvantages...

Reviews
Promo / Offers

Edelweiss Discount Brokerage Plan + Free Trading & Demat Account (for limited time only)

Edelweiss offers FREE Trading + Demat Account (₹750 waived). Get a discount trading plan offering equity trading @ 0.01% and F&O @ Rs 5 per lot flat rate. Save over 60% on brokerage in comparison of other full-service brokers.

This is a limited time offer. Simply leave your contact information with us and Edelweiss representatives will contact you.

Enquire about Edelweiss Enquire about Nirmal Bang
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