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Sharekhan Vs Edelweiss Share Broker Comparison

The side-by-side comparison of Sharekhan and Edelweiss Broking Ltd stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Edelweiss's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Sharekhan and Edelweiss.

  Sharekhan Edelweiss Broking Ltd
 
Sharekhan Logo Edelweiss Broking Ltd Logo
About the Broker Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & f... Know more about Sharekhan 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
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Classic Account Discount Brokerage Plan
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Edelweiss. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Edelweiss Broking Ltd
Trading Account Opening Fees ₹0 (Free) ₹750
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 (Free for 1st year) ₹500
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Edelweiss Broking Ltd
Account Type Classic Account Discount Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.01%
Equity Intraday Brokerage 0.10% 0.01%
Equity Futures Brokerage 0.10% ₹5 per lot
Equity Options Brokerage ₹50 per lot ₹5 per lot
Currency Futures Trading Brokerage 0.10% ₹5 per lot
Currency Options Trading Brokerage ₹30 per lot ₹5 per lot
Commodity Futures Trading Brokerage 0.03%
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Sharekhan Edelweiss Broking Ltd
Account Type Prepaid - ₹1 Lakh Prepaid Plan (₹12,000 for 12 months)
Fixed Charges ₹1,00,000 per year ₹12,000 + ₹1,800 (Service tax)
Equity Delivery Brokerage 0.10% 0.30%
Equity Intraday Brokerage 0.015% 0.03%
Equity Futures Brokerage 0.015% 0.03%
Equity Options Brokerage 0.05% or ₹63 per lot ₹90 per lot
Currency Futures Trading Brokerage 0.04%
Currency Options Trading Brokerage ₹22 per lot
Commodity Futures Trading Brokerage
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan Edelweiss Broking Ltd
Account Type Margin - ₹1 Lakh Prepaid Plan (₹1,12,000 for 12 months)
Fixed Charges ₹1,00,000 margin ₹1,12,000 + ₹16,800 (Service tax)
Equity Delivery Brokerage 0.25% 0.10%
Equity Intraday Brokerage 0.05% 0.01%
Equity Futures Brokerage 0.05% 0.01%
Equity Options Brokerage 1% or ₹70 per lot ₹25 per lot
Currency Futures Trading Brokerage 0.01%
Currency Options Trading Brokerage ₹6 per lot
Commodity Futures Trading Brokerage
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share 3 paisa per share in delivery, 1 paisa per share on Intraday and Futures
Other Brokerage Charges
Call & Trade Charges Rs 20 Free
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Taxes

  Sharekhan Edelweiss Broking 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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Transaction Charges

  Sharekhan Edelweiss Broking Ltd
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Futures NSE ₹190 | BSE ₹50 NSE ₹190 | BSE ₹190
Equity Options NSE ₹5000 | BSE ₹50 NSE ₹5000 | BSE ₹5000
Currency Futures NSE ₹135 | MCX ₹130 NSE ₹115 | BSE ₹115
Currency Options NSE ₹4220 | MCX ₹3220 NSE ₹4000 | BSE ₹4000
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95
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Exposure

  Sharekhan Edelweiss Broking Ltd
Equity Delivery Upto 5x with 24% interest per year Up to 10x
Equity Intraday Upto 10x Up to 40x
Equity Futures 2x 40x
Equity Options Nil Nil
Currency Futures Nil 1.5x
Currency Options Nil Nil
Commodity Upto 2x Up to 6x
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Share Broker Features

  Sharekhan Edelweiss Broking 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 TradeTiger, Sharekhan Mobile Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress
Intraday Square-off Time 3:30 PM 3:00 PM
Other Features Pattern finder, Class room training
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Broker Ratings (Average User Rating)

  Sharekhan Edelweiss Broking Ltd
  277 Customer Reviews    Rate Sharekhan 21 Customer Reviews    Rate Edelweiss
Fees Ratings 3.1 2.6
Trading Brokerage Rating 2.9 2.2
Trading Platform Usability 3.7 3.3
Customer Service Ratings 3.4 2.0
Overall Ratings Rated 3.4 stars Rated 2.4 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews Edelweiss is Rated 2.4 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Edelweiss Broking Ltd
Contact / Request Call Back
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Investment Options Available

  Sharekhan Edelweiss Broking 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 Loans, NRI Trading Note: IPO
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Customer Service Offered

  Sharekhan Edelweiss Broking Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  Sharekhan Edelweiss Broking Ltd
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Sharekhan Edelweiss Broking Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Sharekhan Edelweiss Broking Ltd
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Sharekhan Edelweiss Broking Ltd
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is available.

More Advantages...

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...

Cons
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat account.

More Disadvantages...

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...

Reviews
Promo / Offers

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

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

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 Sharekhan Enquire about Edelweiss
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