Edelweiss Vs Nirmal Bang (Compare Edelweiss and Nirmal Bang)

Edelweiss Vs Nirmal Bang

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 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

	Edelweiss	Nirmal Bang
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation	2002	1986
Number of Branches	237	2000
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Edelweiss Vs Nirmal Bang Charges & AMC

Edelweiss trading account opening charges is Rs 0 (Free) while Nirmal Bang account opening changes is Rs 0. Edelweiss Demat Account AMC Charges is Rs 500 (1st Year Free) and Nirmal Bang Demat Account AMC Charges is Rs 200.

	Edelweiss	Nirmal Bang
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 500 (1st Year Free)	Rs 200

Edelweiss Vs Nirmal Bang Brokerage

Edelweiss brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

	Edelweiss	Nirmal Bang
Account Type	Edelweiss Lite	Basic Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 10 per executed order	0.2%
Equity Intraday	Rs 10 per executed order	0.02%
Equity Futures	Rs 10 per executed order	0.02%
Equity Options	Rs 10 per executed order	Rs 35
Currency Futures	Rs 10 per executed order	0.02%
Currency Options	Rs 10 per executed order	Rs 20
Commodity Futures		0.01%
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.

Edelweiss Vs Nirmal Bang Brokerage Plan 2

	Edelweiss	Nirmal Bang
Account Type	Edelweiss Elite	Basic Plan
Fixed Charges		NA
Equity Delivery	0.30%	0.2%
Equity Intraday	0.03%	0.02%
Equity Futures	0.03%	0.02%
Equity Options	Rs 75 per lot	Rs 35
Currency Futures	0.02%	0.02%
Currency Options	Rs 22 per lot	Rs 20
Commodity Futures		0.01%
Commodity Options
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Edelweiss Charges Vs Nirmal Bang

Minimum Brokerage	0.03% Equity delivery, 0.01% Intra-day and Futures
Other Charges	Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges	Rs 20 per call

Edelweiss Vs Nirmal Bang 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 Nirmal Bang exchange transaction charges for options is Rs 5700.

	Edelweiss	Nirmal Bang
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	Rs 390
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	Rs 390
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)	Rs 240
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium)	Rs 5700
Currency Futures	NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%)	Rs 240
Currency Options	Rs 4000 per Cr (0.04%) (on premium)	Rs 5700
Commodity		Rs 250
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Edelweiss Vs Nirmal Bang 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 Nirmal Bang 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	Nirmal Bang
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 Nirmal Bang Features

The trading platforms offered Edelweiss include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

	Edelweiss	Nirmal Bang
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	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 is rated 3.0 of 5 based on 65 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

	Edelweiss	Nirmal Bang
	65 Customer Reviews	19 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Edelweiss is rated 3.0 of 5 based on 65 customer reviews	Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews

Edelweiss Vs Nirmal Bang Investment Options

	Edelweiss	Nirmal Bang
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Edelweiss Vs Nirmal Bang Order Type Offered

	Edelweiss	Nirmal Bang
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 Nirmal Bang Research Report

	Edelweiss	Nirmal Bang
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Edelweiss Vs Nirmal Bang Suitable For Investor Type

	Edelweiss	Nirmal Bang
Casual Investor
Active Investor
Trader

Edelweiss Vs Nirmal Bang - Pros and Cons

	Edelweiss	Nirmal Bang
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.	Low bandwidth option for anywhere access Free research report subscription 24X7 access to back-office Instant Fund transfer Multiple market watch facility with streaming quotes (Live Market Rates*) Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
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.	Nirmal Bang doesn't offer 3 in 1 account. Brokerage rates are negotiable. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator. Instant Fund withdrawal is not available Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
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.
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