Edelweiss (Nuvama)
Edelweiss Review
Incorporated in 2008, Edelweiss Broking Ltd. is a Mumbai, India based full- service stock brokerage firm. The stockbroker is a part of Edelweiss Group, incorporated in 1995, a leading diversified financial services conglomerate.
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.
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. As per, Edelweiss Broker Review rated 8.6 out of 10.
Edelweiss stockbroker has won many awards for its services and the use of technology. They also provide investment advice backed by research and analysis to its customers across asset classes, trading styles & 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 the Edelweiss Mobile Trader app being the highest rated app (latest Review) in India.
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 Trading Platform Review
Edelweiss Mobile Trader ( EMT )
Mobile Trader is an award-winning, 4.6 rated full-fledged smartphone trading app which is available to all users for free. With this just one app, you can track markets, transact and monitor, all on a single platform.
It offers trading capabilities (trade or Invest on NSE, BSE in Equities, Derivatives, commodities, Currency, Mutual Funds, NCDs, and Bonds) to Edelweiss clients with advanced features like-
- Comprehensive market information
- Real-time data across exchanges NSE, BSE & MCX for all users for free
- Live news on the app before on TV
- Stock screeners available to filter stocks as per your defined metrics
- Advanced charting with over 17 Technical indicators and Drawing Tools
- Secure fund transfer facility along with UPI
- Create Customized watch list up to 100 stocks
- Monitor profit & loss of your open positions from anywhere
- Invest in mutual funds including tax saver ELSS funds from the same app
2. www.edelweiss.in (Trading Website)
Edelweiss.in is a free online trading platform offering trading and investment services across multiple financial products like equity and equity derivatives, commodity derivatives and mutual funds.
This website is for avid investors as it allows for portfolio tracking, the latest news on assets and an instant fund transfer facility leveraging the latest technologies.
In this trading platform, we get Portfolio Organizer wherein we can manage & track all your portfolios across brokers in one place. Along with that, Guided Portfolios allows you to achieve your investment goals, be it with starting an SIP for tax savings or planning for your children’s education, even if you don’t have much knowledge about markets or don’t have enough time.
Similarly, SmallCase on Edelweiss.in is a thematic investment offering, which enables investors to invest in equity baskets across various ideas and themes.
Over and above all, a detailed Reporting section empowers traders and investors to view reports across trade, holdings, P&L, tax and charges, thus providing them with a one-stop-shop for all of their needs.
This website is available for free to all its customers.
3. TX3 (Trading Terminal)
TX3 is an ‘Installable Desktop Trading Software/Terminal‘ that offers advanced trading and analytical features to the traders. It is the only advanced desktop trading software which allows you to use all its features for free, these are the features that are generally available at a cost in the industry.
- Comprehensive Market Information- Get In-depth market analysis across different markets with data on the advance-decline ratio, trends in FII and DII flow, sector performance, seasonality analysis top gainer & losers, detailed stock quotes, open interest analysis and option chain etc.
- Advanced Charting- Get real-time streaming charts with over 60+ technical indicators and drawing tools. View 15 years of historical EOD and 1 year of intraday trading data.
- Multiple Reports- View & Download various reports like Ledger, transaction history, P&L, Contract notes and statements, DP bills etc.
- Market Eye Live- A live market tracker that will update whenever a stock hits High/Low or Resistance/Support levels.
- Live News- Get access to live news to help you gain from every available profitable market opportunity
- Useful Tools- Get access to tools like events calendar, options calculator with what-if analysis and alerts to make informed decisions.
- Customization- Multiple widgets and other customization options to design the workspace as per your trading needs.
Account Offered
Edelweiss broker offers offline & online account opening process . You can request a call back just by filling up the contact form.
Edelweiss broker offers 3 type broking account to its customers. The plans are-
Standard Investment Account
This account type is for casual traders. This plan offers pay-as-you-go brokerage in % of the transaction amount. This plan doesn’t require any pre-paid brokerage or minimum deposit requirements. It offers a full-service trading experience to the customers.
Advance Subscription (prepaid) account
The prepaid plan is designed for frequent traders who are looking for lower brokers, personalized tips and advisory, high exposure and the fastest trading platform.
Discount Brokerage Account (Online Trading)
This brokerage plan is the best option for online traders who need exceptional tools for trading but don’t need hand-holding from the broker. The brokerages charged in this plan are ultra-low. Fixed brokerage is charged for trading in Equity delivery and intraday. In the case options & Futures, Flat brokerage of Rs 10 per lot is charged. This plan offers a very low or no additional margin to customers.
10 Reasons to open an account with Edelweiss Broker
- Online Account Opening process.
- Zero Account opening charges.
- Free AMC for 1st year.
- Direct deposit of dividends, interest& much more in your demat account.
- Facility to manage your account online.
- 475 branch offices to get assistance on matters related to the demat account.
- A single account to invest in Equity, MFs, ETFs, Bonds & Insurance etc.
- Trade-in multiple exchanges including BSE, NSE, and MSE.
- Facility to freeze the account.
- Free investment advisory from the research team.
Edelweiss Brokerage & Charges
Edelweiss broker offers 3 types of brokerage plans to suit the varied needs of the traders.
- Discount Brokerage Plan*(Online Trading)
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 to trade at ultra-low brokerage fee which is as low as 0.01% brokerage for equity (delivery & intraday) and Rs 5 per lot for F&O.Edelweiss Discount Brokerage Plan
Segment Brokerage Equity Delivery ₹10 or 0.01% whichever lower Equity Intraday ₹10 or 0.01% whichever lower Equity Futures ₹10 or 0.01% whichever lower Equity Options ₹10 per executed order Currency Futures ₹10 or 0.01% whichever lower Currency Options ₹10 or 0.01% whichever lower Standard Account Plan
In this plan, the Edelweiss broker charges a fixed percentage of the trade value as the brokerage fee.
Advanced Subscription (Prepaid)
In this plan, the Edelweiss broker charges a fixed percentage of the trade value as the brokerage fee.
Specification: Edelweiss (Nuvama)
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3 reviews for Edelweiss (Nuvama)
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- Free research provided by Edelweiss is one of the best offering in the brokerage industry in India. This includes both fundamental calls and technical calls.
- Excellent mobile application, website & desktop trading software for trading. They are easy to understand, rich with advanced features and tools, you can expect tips, reports, data, news etc. in one place.
- Call & trade is available for free to all clients
- Well-diversified financial product portfolio.
- It provides leverage facilities across cash, F&O and CDS segments
- Wide offline presence through branch and franchises makes it easy for customers. Online trading tools make it easy for online investors and traders.
- Relationship managers and add-on services like PMS are available.
- It doesn’t charge any hidden fee
- Doesn't offer 3-in-1 account as Edelweiss doesn't have a banking license.
- F&O brokerage is charged at per lot basis. This could be significantly high in case of large orders when compare with the discount brokers (i.e. Zerodha) who change flat fee per executed order (irrespective to the number of lots in an order).
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