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Zerodha Vs Edelweiss Share Broker Comparison

The side-by-side comparison of Zerodha and Edelweiss Broking Ltd stock brokers in India. The comparison below highlights the similarities and differences between Zerodha 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 Zerodha and Edelweiss.

  Zerodha Edelweiss Broking Ltd
 
Zerodha Logo Edelweiss Broking Ltd Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha 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 Discount Broker Full Service Broker
Supported Exchnage NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX
Account Type Standard Plan Discount Brokerage Plan
Broker Enquiry Open an Online Trading Account with Zerodha. 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

  Zerodha Edelweiss Broking Ltd
Trading Account Opening Fees ₹300 ₹750
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹100 ₹0
Demat Account AMC ₹300 ₹500
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha Edelweiss Broking Ltd
Account Type Standard Plan Discount Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) 0.01%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹5 per lot
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹5 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹5 per lot
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹5 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  Zerodha Edelweiss Broking Ltd
Account Type Standard Plan Prepaid Plan (₹12,000 for 12 months)
Fixed Charges ₹12,000 + ₹1,800 (Service tax)
Equity Delivery Brokerage ₹0 (Free) 0.30%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹90 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.04%
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹22 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 3

  Zerodha Edelweiss Broking Ltd
Account Type Standard Plan Prepaid Plan (₹1,12,000 for 12 months)
Fixed Charges ₹1,12,000 + ₹16,800 (Service tax)
Equity Delivery Brokerage ₹0 (Free) 0.10%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹25 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹6 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges ₹0 3 paisa per share in delivery, 1 paisa per share on Intraday and Futures
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹20 per executed order Free
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Taxes

  Zerodha 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

  Zerodha Edelweiss Broking Ltd
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 | BSE ₹275
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 | BSE ₹275
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹190 | BSE ₹190
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) NSE ₹5000 | BSE ₹5000
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE ₹115 | BSE ₹115
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) NSE ₹4000 | BSE ₹4000
Commodity Group A - ₹260 per Cr (0.0026%)
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Exposure

  Zerodha Edelweiss Broking Ltd
Equity Delivery 1x (no margin) Up to 10x
Equity Intraday Up to 20x (based on the stock) Up to 40x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 40x
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 1.5x
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Commodity Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Up to 6x
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Share Broker Features

  Zerodha Edelweiss Broking Ltd
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 Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress
Intraday Square-off Time 3:10 PM 3:00 PM
Other Features Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  Zerodha Edelweiss Broking Ltd
  330 Customer Reviews    Rate Zerodha 21 Customer Reviews    Rate Edelweiss
Fees Ratings 3.8 2.6
Trading Brokerage Rating 4.4 2.2
Trading Platform Usability 3.6 3.3
Customer Service Ratings 3.5 2.0
Overall Ratings Rated 3.7 stars Rated 2.4 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews Edelweiss is Rated 2.4 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

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

  Zerodha Edelweiss Broking Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Note: IPO
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Customer Service Offered

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

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

  Zerodha Edelweiss Broking Ltd
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

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

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Pros, Cons and Other Review Comments

  Zerodha Edelweiss Broking Ltd
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

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
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

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 Useful Articles about Zerodha:
Promo / Offers

Truly free equity delivery trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call 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 Zerodha Enquire about Edelweiss
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