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Zerodha Vs Nuvama (Edelweiss) (Compare Zerodha and Nuvama (Edelweiss))

Zerodha Logo

About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed orde... Know more about Zerodha

Nuvama Wealth & Investment Limited Logo

About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm. The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options. Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best... Know more about Nuvama Wealth & Investment Limited

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Zerodha Vs Nuvama (Edelweiss)

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.

  Zerodha Nuvama (Edelweiss)
Type of Broker Discount Broker Full Service Broker
Exchnage Membership NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX
Year of Incorporation 2010 2002
Number of Branches 22 237
Open Zerodha AccountOpen Nuvama (Edelweiss) Account

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Zerodha Vs Nuvama (Edelweiss) Charges & AMC

Zerodha trading account opening charges is Rs 200 while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). Zerodha Demat Account AMC Charges is Rs 300 and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).

  Zerodha Nuvama (Edelweiss)
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 500 (1st Year Free)

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Zerodha Vs Nuvama (Edelweiss) Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order.

Account Type Zerodha Flat Brokerage Plan Nuvama (Edelweiss) Nuvama Lite
Fixed Charges NA
Equity Delivery Rs 0 (Free) Rs 10 per executed order
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 10 per executed order
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 10 per executed order
Equity Options Rs 20 per executed order Rs 10 per executed order
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 10 per executed order
Currency Options Rs 20 per executed order Rs 10 per executed order
Commodity Futures Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per executed order
Special Offer
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
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.

Zerodha Vs Nuvama (Edelweiss) Brokerage Plan 2

  Zerodha Nuvama (Edelweiss)
Account Type Flat Brokerage Plan Nuvama Elite
Fixed Charges
Equity Delivery Rs 0 (Free) 0.30%
Equity Intraday Rs 20 per executed order or .03% whichever is lower 0.03%
Equity Futures Rs 20 per executed order or .03% whichever is lower 0.03%
Equity Options Rs 20 per executed order Rs 75 per lot
Currency Futures Rs 20 per executed order or .03% whichever is lower 0.02%
Currency Options Rs 20 per executed order Rs 20 per lot
Commodity Futures Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per executed order
Open Zerodha AccountOpen Nuvama (Edelweiss) Account

Zerodha Charges Vs Nuvama (Edelweiss)

Minimum Brokerage 0.03% in Intraday and F&O 0.03% Equity delivery, 0.01% Intra-day and Futures
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges Rs 50 per executed order Rs 20 per call

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Zerodha Vs Nuvama (Edelweiss) Transaction Charges

Zerodha transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) while Nuvama (Edelweiss) exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  Zerodha Nuvama (Edelweiss)
Equity Delivery NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%)
Open Zerodha AccountOpen Nuvama (Edelweiss) Account

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Zerodha Vs Nuvama (Edelweiss) Leverage (Margin)

Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nuvama (Edelweiss) margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Zerodha Nuvama (Edelweiss)
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open Zerodha AccountOpen Nuvama (Edelweiss) Account

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Compare Zerodha and Nuvama (Edelweiss) Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.

  Zerodha Nuvama (Edelweiss)
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close 3:00 PM
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features Direct Mutual Funds, APIs for Algo Trading
Open Zerodha AccountOpen Nuvama (Edelweiss) Account

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Zerodha Vs Nuvama (Edelweiss) Review

Zerodha is rated 3.7 of 5 based on 476 customer reviews whereas Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews.

  Zerodha Nuvama (Edelweiss)
  476 Customer Reviews    Rate Zerodha 76 Customer Reviews    Rate Nuvama (Edelweiss)
Fees 3.7 3.0
Brokerage 4.2 3.1
Trading Platform 3.6 3.4
Customer Service 3.4 2.7
Research Capabilities 2.8 2.9
Overall Ratings Rated 3.7 stars Rated 2.9 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 476 customer reviews Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews

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Contact Broker / Request A Call Back

  Zerodha Enquire Nuvama (Edelweiss) Enquire
Contact Broker Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today. Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

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Zerodha Vs Nuvama (Edelweiss) Investment Options

  Zerodha Nuvama (Edelweiss)
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options

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Zerodha Vs Nuvama (Edelweiss) Order Type Offered

  Zerodha Nuvama (Edelweiss)
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
Open Zerodha AccountOpen Nuvama (Edelweiss) Account

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Zerodha Vs Nuvama (Edelweiss) Research Report

  Zerodha Nuvama (Edelweiss)
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes

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Zerodha Vs Nuvama (Edelweiss) Suitable For Investor Type

  Zerodha Nuvama (Edelweiss)
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Zerodha Vs Nuvama (Edelweiss) - Pros and Cons

  Zerodha Nuvama (Edelweiss)
Pros
  • India's leading broker in terms of the number of active clients, exchange volume and brokerage revenue.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
  1. Full-service broker offering discount brokerage plan.
  2. Trade at flat Rs 10 per executed order across all segments in Nuvama Lite Plan.
  3. Instant online account opening: Open your Investing & Trading account in less than 15 minutes.
  4. Offer commodity trading on the same trading platform.
  5. Free research and trading tips call to all the customers.
  6. Online IPO application.
Cons
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
  1. The bracket orders are not available.
  2. Good Till canceled orders are not available.
  3. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  4. Call & Trade is available at an additional cost of Rs 20 per call.
Reviews
Promo / Offers

Zerodha Special Offer

Free stock trading and mutual funds

  • Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment + +
  • Trade with the best trading platform in India.

This is a limited time offer. Open an instant Zerodha account online and start trading today.

Nuvama (Edelweiss) Special Offer

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 Nuvama Account online in just 15 Minutes.

Open Zerodha AccountOpen Nuvama (Edelweiss) Account

Frequently Asked Questions

  1. 1. Which is best Edelweiss vs Zerodha?

    Edelweiss is a full-service stock broker whereas Zerodha is an online discount broker. Edelweiss also offers a no-frill discount brokerage plan (Rs 10 per trade) which is similar to Zerodha's brokerage plan (Rs 20 per trade). The Edelweiss plan is 50% cheaper which makes it more economical then Zerodha.

    Edelweiss Vs Zerodha Similarities

    • Both have strong brand names with an excellent track record.
    • Both offer discount brokerage plan.
    • Both have excellent online trading platforms.
    • Online investment in mutual funds and IPOs.

    Edelweiss Vs Zerodha Differences

    • Free Equity Delivery Trades

      Equity delivery trades are free on Zerodha whereas Edelweiss charges brokerage on all types of trades.

    • Commodity Trading

      Edelweiss doesn't offer commodity trading whereas Zerodha offers commodity trading.

    • Research & Recommendations

      Edelweiss offers research services whereas Zerodha doesn't offer research services. Research services are free on Edelweiss Elite plan and are chargeable at Rs 50 per month on the Edelweiss Lite plan (Rs 10 per trade brokerage).

    • Offline Services

      Zerodha offers its services online only. Edelweiss offers both online and offline services through 475+ branches in 200 locations as of May 2020. Edelweiss also offers Relationship Manager Services for trading assistance.

    • Customer Education

      Zerodha offers a free customer education portal whereas in Edelweiss Investology each course is charged at Rs 100 per course.

    • Direct Mutual Funds

      Zerodha offers direct mutual funds that deliver 1 to 2% higher returns than regular funds. Edelweiss offers regular mutual funds only.

    Conclusion

    For customers who need personalized services, hand-holding and research, Edelweiss is a good choice. Zerodha is a next-generation broker with a high technology focus, strong management and clear business strategies.

     


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