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Edelweiss Stock Trading, Demat, Brokerage and Reviews 2020


0.55% 130,926 Clients

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 of Edelweiss offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities and Futures & Options.

Edelweiss offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Edelweiss has the best array of trading platforms available for all mediums (Mobile app, a website & desktop trading software). All trading platforms are equally good & easy to understand, with Edelweiss Mobile Trader app being the highest rated app in India.

Edelweiss Group has a strong presence across India with over 475 offices in 200 locations. It has 11,938 employees catering to over 12 lakh clients across various businesses.

Edelweiss has won many awards for its services and use of technology. Some of the major awards won in recent times include ABP BFSI Awards 2017, National Digital Marketing Awards, 2017 and Best Broker in India at Finance Asia (Hongkong) Country Awards 2016 and BBC Knowledge.

Edelweiss Special Offers

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

Edelweiss offers FREE Trading + Demat Account. Get a discount trading plan offering trading @ ₹10 per order 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.


Account Types

Edelweiss offers 3 types of brokerage plans to suit the varied needs of the traders.

  1. Edelweiss Lite (Discount Brokerage Plan)

    The next generation online trading plan is for people who can trade online with the tools provide and with minimum support from the broker. This plan offers trading at ultra-low brokerage fee of flat ₹10 per executed order across all trading segment at BSE, NSE and MCX.

  2. Edelweiss Elite

    Under this plan, the company charges a percentage of the trade value as the brokerage. This full service plan offers personalized trading experience by providing you relationship managers at no extra cost.

  3. Advance Subscription (prepaid) Plans

    Under advanced subscription or prepaid plans, customers have to pay a lump sum amount upfront for 12 months. The brokerage charged under prepaid plans is much lower than that of Standard Plan. This plan is for active traders who also get personal relationship manager, higher leverage, free research & training and a low brokerage fees included in the plan itself.


Edelweiss Charges 2020

1. Account Opening Fees & Annual maintenance charges (AMC)

Trading and Demat Account Opening Charges ₹0 (Free)
Demat Account AMC ₹300 per annum (1st Year Free)

2. Edelweiss Lite Plan Charges

Segment Brokerage Charges
Equity Delivery & Intra-day ₹10 per executed order
Equity Futures & Options ₹10 per executed order
Currency Futures & Options ₹10 per executed order

3. Edelweiss Elite Plan Charges

Segment Brokerage Charges
Equity Delivery 0.30%
Equity Intra-day 0.03%
Equity Futures 0.03%
Equity Options ₹75 per lot
Currency Futures 0.02%
Currency Options ₹20 per lot

Visit Edelweiss Brokerage Charges Review for more detail.

Special Offer: [Full-service Discount Brokerage Plan] Trade @ flat ₹10 per order. Get free trading and demat account. Request a Callback.

How to open account with Edelweiss Broking Ltd?

Edelweiss account opening for online trading is simple and quick. Following are the ways to open an account with Edelweiss

  • Drop your phone number and Edelweiss Customer Service Executive will call you for trading & demat account opening.

Edelweiss Trading Software

  1. Website www.Edelweiss.in

    The Edelweiss.in website is a free online trading platform offering trading and investment in financial products including stock, commodity and mutual funds. The website also offers portfolio tracking, charting, news and an instant fund transfer services.

    Another key feature of this website is the 'Quick Trading Toolbar' which allows customers to trade instantly. This toolbar also keeps track of all recent activities i.e. stocks viewed, pages surfed/taking position/tracking stock or contracts.

    Edelweiss also has a low bandwidth website (Mobile WAP) which enables customers to trade on the mobile devices. Using this extremely light website customers can place trades and monitor stock positions in real-time on the mobile phone.

  2. Edelweiss Xpress

    The Xpress a free web browser based trading application offering terminal-like experience without installing any software on your computer.

    Build with Java-based technology, Xpress is a browser based application which replicates the trading terminal by providing live streaming of stock quotes.

    Edelweiss Xpress allows Edelweiss customers to buy & sell equity and derivatives directly from the Xpress screen in Delivery, Intraday and T+5 segments.

  3. Edelweiss Xtreme Trader

    Xtreme Trader is a 'Installable Desktop Trading Software' offering live-streaming quotes, advance charting tools and technical analysis for high frequency traders. Xtreme Trader offers customizable interface, shortcut keys for frequent actions, instant flashing research calls, stock alerts (on-screen, sms and e-mail) on condition defined by you and powerful charting tools designed for traders.

  4. Edelweiss Mobile Trader

    Mobile Trader, a free smart phone trading app, offers trading capabilities (trade on NSE, BSE in Equities, Derivatives and Currency) on mobile phone to Edelweiss clients. In addition, it also offers live streaming quotes, portfolio monitoring, fund transfer, charting (candle stick, area, line, OHLC), experts research, Trade Book, Order Book, Holdings, Balances and many other useful features.

 

Visit Edelweiss Trading Software Review for more detail.

Contact Edelweiss / Request Call Back

[Full-service Discount Brokerage Plan] Trade @ flat ₹10 per order. Get free trading and demat account. Request a Callback.

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Are you a day trader?

Edelweiss Advantages

The following are the advantages of Edelweiss. You must read Edelweiss advantages and disadvantages before opening an account with Edelweiss. Edelweiss pros and cons help you find if it suits your investment needs.

  1. Full-service broker offering discount brokerage plan.
  2. Flat ₹10 per executed order brokerage across the trading segments.
  3. Free research, trading tips, and recommendations.
  4. Instant paperless online account opening.
  5. Excellent mobile application, website & desktop trading software for trading.
  6. Online IPO investment.
  7. High leverage facilities across Cash, F&O and CDS segments.
  8. Wide offline presence through branches and franchises makes it easy for customers.
  9. Relationship managers and add-on services like PMS are available.

Edelweiss Disadvantages

The following are the cons of Edelweiss. Check the list of Edelweiss drawbacks.

  1. Bracket orders and Good-Till canceled (GTC) orders are not available.
  2. Charge high minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  3. Call & Trade is available at an additional cost of ₹20 per call.
  4. ₹50 per month for research calls and trading tips.

Edelweiss Broking Ltd Enquiry Form

Edelweiss Margin / Exposure

Edelweiss leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity DeliveryUp to 10x
Equity IntradayUp to 40x
Equity Future40x
Equity OptionsNil
Currency Future1.5x
Currency OptionsNil
Commodity FutureUp to 6x
Commodity Options

Visit Edelweiss Margin Review for more detail.


Edelweiss Ratings

Overall Rating Rated 3.1 stars 3.1/5
Fees Rated 3.2 stars 3.2/5
Brokerage Rated 3.2 stars 3.2/5
Usability Rated 3.6 stars 3.6/5
Customer Service Rated 2.9 stars 2.9/5
Research Capabilities Rated 3.0 stars 3.0/5

Based on 48 Votes by Edelweiss Customers

Do you trade with Edelweiss? Rate Edelweiss


Edelweiss Complaint

The number of Edelweiss customer complaint received by the exchanges. The Edelweiss consumer complaint report helps understanding the Edelweiss Broking Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 130,926 15
NSE 2019-20 130,215 116
BSE 2019-20 33,317 7
NSE 2018-19 120,378 95
BSE 2018-19 26,859 11
NSE 2017-18 104,643 103
BSE 2017-18 54,223 29
NSE 2016-17 74,631 100
BSE 2016-17 35,690 20
NSE 2015-16 77,459 125

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Edelweiss Complaints at BSE, NSE and MCX for detail report.


42 Comments

vinod
42. vinod  May 30, 2020 12:50 I Like It. | I Don't Like It. | Report Abuse Reply
fraudulent broker. poor customer support. avoid this broker.
GURPREET SINGH
41. GURPREET SINGH  May 21, 2020 01:25 I Like It. | I Don't Like It. | Report Abuse Reply
EDELWEISS IS A FRAUD COMPANY WHICH IS RUN BY GROUP OF FRAUDS HAVING THEIR FANCHISEE .ONCE YOU OPEN ACCOUNT THEY WILL BLOW YOUR ACCOUNT BY CHEATING YOU N AFTER YOUR COMPLAINTS THEY EVEN BLOCK YOUR MAILS
Vivek parekh
40. Vivek parekh  May 18, 2020 11:03 I Like It. | I Don't Like It. | Report Abuse Reply
Best Broker offering lowest brokerage in market. I am a happy customer of edelweiss. Its just that if edelweiss should start some monthly plan. Overall best broker in the market

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Sorav Dhaka
39. Sorav Dhaka  May 8, 2020 15:38 I Like It. | I Don't Like It. | Report Abuse Reply
Fraud Brokerage
Fraud Service Provider.

They make you fool by giving different-different plan and don't provide the base amount on which brokerage are charged.

Other Brokers provide you the full report like how charge are fixed and % of brokerage.

When trade are completed for one days, they don't send the summary of Brokerage.

If you have account in Edelweiss, please ask for full Brokerage ledger and trade volume on which brokerage are charged otherwise they charge you unnecessary....

Name
Sorav Dhaka
9690977888

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
Mahender Singh
38. Mahender Singh  May 8, 2020 15:16 I Like It. | I Don't Like It. | Report Abuse Reply
I have my DMAT Account with Edelweiss Meerut. They charging extra brokerage amount from my account when i asked for sending my ledger details for the base amount on which brokerage are charging, they don't give the ledger details. Before one month they asked me to send Rs.10000 so that brokerage charges would be low. now I m asking for summary of my Rs 10000 but they are not providing..

Total Frauds

Name :
Mahender Singh
Husain Nagriwala
37. Husain Nagriwala  Apr 27, 2020 09:34 I Like It. | I Don't Like It. | Report Abuse Reply
Dislike : In the begining they explained me different about brokerage charges but when i open deemat account with Edelwiess they charged brokerage very high. Secondly, while contact customer executive who is handling my account he not explained all the brokerage packages and forced me to buy only Rs.10000 and Rs. 15000 brokerage plans.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Average
Overall Experience - Below Average
Binayak Singh
36. Binayak Singh  Apr 16, 2020 01:35 I Like It. | I Don't Like It. | Report Abuse Reply
I feel sorry on myself to have even dealt with this company for last 2+ years. Extremely unprofessional and have absolutely no empathy towards customers. Raising escalation to the highest level hasn't helped as well. Not sure what must be happening to other users. Forget about response.. They don't even bother to acknowledge the concern. Relationship office appointed on my portfolio and a level up to her are not even worth to mention on support aspect. I feel like wasting my time further even writing about then... Their job seems to just keep non transparent approach towards customer and fleece as much as they can to meet their own KRA's. Own calls to pick up sub average deals in user's portfolio on intraday has been the norm all this while. No approval taken on purchases. Killing the customer financially and applying hepthy charges towards interest seems to be the intent . Not even making customer aware about the picks and claiming money on all possible occasions. When questioned.. Assures to take care and within next few days.. Risk department of this organization selling your shares at almost 40% lesser price to nullify their debit used for purchase. No message at all for settling debit and When enquired.. Efficiently ignored all calls and messages and leaving the customer at his own fate to struggle and run from pillar to post to even check where to raise the concern. 100+ msgs and 50+ calls made but no clarity provided .. No consulting.. Absolutely a nightmare experience.
I as user will need to explore ways to get my concern addressed and I will not hesitate to go to all possible extent. Hard earned money of a consumer can't go wasted through such sub standard approach from this organization and channels involved.
Prakash Roy
35. Prakash Roy  Apr 11, 2020 08:06 I Like It. | I Don't Like It. | Report Abuse Reply
I want to get 10/oder in option. Is it possible? If possible, please do it.

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Below Average
Customer Service - Average
Overall Experience - Above Average
Adesh jain
34. Adesh jain  Mar 7, 2020 03:45 I Like It. | I Don't Like It. | Report Abuse Reply
I have had very bad experience with Edelweiss broking.
Was on advance brokerage plan. They suddenly increased minimum brokerage to 25 rupees per trade which was not a part of the original contract.
Then on several occasions they charged much more than the advance brokerage plan ( such as for offer for sale issues).
The resolution system is extremely bad.
Kiran
33. Kiran  Sep 3, 2018 16:02 I Like It. | I Don't Like It. | Report Abuse Reply
I was opened sip account ,I was paid 16 thousend rupees total 4 months but have check my sip account there is only showing 13400 rs only
Service is very poor.



Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
anil
33.1. anil  Mar 5, 2020 20:43 I Like It. | I Don't Like It. | Report Abuse
@Kiran
Hi
As you said you have invested in SIP . You must have invested in MUTUAL fund SIP.
One thing you must know that investing in the capital market through SIP is a good idea as you get the benefit of the fall in the market.
But you should invest for at least three to five years.
you can not expect gain by investing for very short period.
I request you to stay invested for at least three years but do your own research about the funds . Do check the past performance of the funds you are investing or willing to invest
Thanks
poonam gupta
32. poonam gupta  Feb 25, 2020 13:13 I Like It. | I Don't Like It. | Report Abuse Reply
Brokerage : Excellent



Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Saiba.khan
31. Saiba.khan  Feb 6, 2020 17:45 I Like It. | I Don't Like It. | Report Abuse Reply
It is one of the best full time broker who is offering discounted plan they are providing instant services and trading platform are also running smooth.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Excellent
Amin sorathia
30. Amin sorathia  Jan 16, 2020 22:34 I Like It. | I Don't Like It. | Report Abuse Reply
Very very pathetic service I am stuck by opening an account with edelweiss THE WORST SERVICES I HAVE EVER HAD.

THE DISCOUNTED BROKER ARE MORE FAR BETTER THEN THEM.
AND ALL THANKS TO THEIR SENIOR HEAD. MR RAHUL JAIN.
HE IS JUST IN EDELWEISS TO SIT AND SEE THE DRAMA. NO COURTESY TO SEE WHT THE CLIENT ARE FACING.
VERY VERY VERY VERY MUCH POOR.
I REQUEST ALL PLEASE DON'T OPEN AN ACCOUNT WITH EDELWEISS. YOU WILL REGRET VERY BADLY.
NARESH JAIN
29. NARESH JAIN  Jan 8, 2020 12:24 I Like It. 1 | I Don't Like It. | Report Abuse Reply
CUSTOMER CARE SERVICES ARE VERY VERY POO, VERY LATE RESPONSE, RESPONSE IS AMBIGUOUS, THEIR RMs ARE RESPONSIVE., ETC ETC

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Krishna Mishra
28. Krishna Mishra  Nov 3, 2019 00:23 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Worst customer service in Mumbai. Nobody is bother to resolve the problem. It may take one week or two week when they wake up and call you about your problem.The desktop software TX3 is below average because it is not giving the real time share point. The screen shows one rate and the order book shows different rate while in other brokerage houses are showing the exact real time rate. It is very difficult for day trader to trade option trading in real time.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Asim
27. Asim  Nov 29, 2019 21:05 I Like It. | I Don't Like It. | Report Abuse Reply
Had very bad experience with Edelweiss employee giving you services.
DHRUV DAVE
26. DHRUV DAVE  Dec 3, 2019 14:53 I Like It. | I Don't Like It. | Report Abuse Reply
TIRDPARTY EDELWEISS BROKING LTD

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Average
Mayur
25. Mayur  Nov 4, 2019 09:27 I Like It. | I Don't Like It. | Report Abuse Reply
I am using Edelweiss broking since last 4 months. I did not face any issue till now. I am very happy with the service which RM provided for any query related to account. Brokerage is also same which was told during account opening and is comparatively low than other broker. Main advantage of using this broker is Deliver Leverage and NRML. Because of this feature i moved from other broker to Edelweiss.
Amit
25.1. Amit  Nov 28, 2019 20:08 I Like It. | I Don't Like It. | Report Abuse
What is margin applicable for intraday trading in equity cash, index option and stock option?
Satpal
24. Satpal  Mar 19, 2019 00:16 I Like It. | I Don't Like It. | Report Abuse Reply
Website is not as simple as Sharekhan, ICICI Direct etc. Also their customer care is not professional. I submitted the documents for FNO and equity delivery but they just activated for equity even after repeated reminders. No care about service requests and reminders. Poor service

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Below Average
Mahainprasad kage
24.1. Mahainprasad kage  Nov 25, 2019 14:53 I Like It. | I Don't Like It. | Report Abuse
I want to open dmat account
SOURENDRA KUMAR DEY
23. SOURENDRA KUMAR DEY  Oct 9, 2019 13:09 I Like It. | I Don't Like It. | Report Abuse Reply
My client code 60271489 opened account on 01/10/2019 by choosing Lite plan Rs 10 per trade. Started trade on 03/10/2019 Five to eight intraday trade done with total turn over Rs 70,000 approx. At night contract note received Rs 525 debited as brokerage.They charged Rs 25 as min brokerage i shocked. i complained sales person and mailed to helpdesk to rectify my brokerage plan but a weak over not respond from them. . I think edelwise advertising with a wrong information and misguide trader. My advise donot go with them.
SOURENDRA KUMAR DEY
23.2. SOURENDRA KUMAR DEY  Oct 15, 2019 21:26 I Like It. | I Don't Like It. | Report Abuse
As per complained dated 09/10/2019 my brokerage plan rectified. But waiting for excess brokerage reversal. Now facing problem with account ledger book every time it is showing value 0000. I can not understand how to know my ledger transactions. Customer support not respond my quiries. So pl help me,
CL code 60271489.
SOURENDRA KUMAR DEY
23.3. SOURENDRA KUMAR DEY  Nov 8, 2019 19:54 I Like It. | I Don't Like It. | Report Abuse
I Sourendra Kumar Dey Client code 60271489 withdraw all complaints done on 09/10/2019.
My all problem solved.

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