Edelweiss Brokerage
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Edelweiss brokerage is an important aspect to learn about before you subscribe to the services offered by the full-service stockbroker. Prior to learning about this aspect, let’s discuss the broker in brief.
Edelweiss was incorporated in November 1995. It is registered with SEBI (Securities and Exchange Board of India) and is a depository participant at NSDL (National Securities Depository Limited).
It is a member of several exchanges like NSE (National Stock Exchange), BSE (Bombay Stock Exchange), MCX (Multi Commodity Exchange), MSEI (Metropolitan Stock Exchange of India), and NCDEX (National Commodities and Derivatives Exchange).
Also read: Edelweiss Intraday Charges
It also has the facility to invest in mutual funds as it is a member of AMFI (Association of Mutual Funds in India).
Edelweiss brokerage charges are worth discussion as even though it is a full-service broker, it offers a fixed and low brokerage charge. So, let’s talk about the brokerage of Edelweiss.
Edelweiss Brokerage Charges
To begin the topic, first, we must understand what brokerage charges are
Brokerage charges are a type of commission charged by the stockbrokers for executing your trades in the stock market.
These are levied in multiple models. Some brokers offer a prepaid plan; others charge the commission at every transaction. Thus, it varies from broker to broker.
It also varies because of the type of stockbroker, i.e., full-service broker or discount broker in India. In the case of Edelweiss brokerage, the broker has two plans for its customers.
Generally, the broker charges different brokerage charges for the range of financial segments. So, let’s see what the Edelweiss brokerage rates for various financial segments are.
Edelweiss Intraday Brokerage
Edelweiss Intraday brokerage is charged with trading positions that are squared off the same day. According to the first plan named Lite, Edelweiss brokerage is ₹10 per order, and in the case of the second plan called Elite, the charge is 0.03%.
Below is a table of the same:
Edelweiss Intraday Brokerage | |
Edelweiss Lite Plan | ₹10 per order |
Edelweiss Elite Plan | 0.03% |
Edelweiss Futures Brokerage
Edelweiss futures brokerage is levied on the trades that are in the futures segment. The Edelweiss charges are the same for equity futures and currency futures in the Lite plan, i.e., ₹10 per order.
On the other hand, in the Edelweiss brokerage Elite plan, the charges for equity futures and currency futures are 0.03% and 0.02%, respectively.
For easy understanding, the information has been tabulated below:
Edelweiss Futures Brokerage | ||
Edelweiss Lite Plan | Equity | ₹10 per order |
Currency | ₹10 per order | |
Edelweiss Elite Plan | Equity | 0.03% |
Currency | 0.02% |
Edelweiss Options Brokerage
Edelweiss options brokerage is focused on the options related transactions. In the Lite plan, the brokerage is ₹10 per order for the equity and currency segment.
Moreover, in the Elite plan, it is ₹75 per lot for equity options and ₹20 per lot for currency options.
A tabulated version of the Edelweiss brokerage is as follows:
Edelweiss Options Brokerage | ||
Edelweiss Lite Plan | Equity | ₹10 per order |
Edelweiss Lite Plan | Currency | ₹10 per order |
Edelweiss Elite Plan | Equity | ₹75 per lot |
Edelweiss Elite Plan | Currency | ₹20 per lot |
Edelweiss Equity Brokerage
Edelweiss equity brokerage is categorized into the type of trade position and also the segment of equity trading.
If the customer subscribes to the Edelweiss Lite plan, the brokerage charges in the delivery, intraday, futures, and options segment are ₹10 per order.
Further, if the customer subscribes to the Edelweiss Elite plan, the charges for delivery, intraday, futures, and options segment are 0.3%, 0.03%, 0.03%, and ₹75 per lot.
A table of the Edelweiss brokerage in the equity segment is as follows:
Edelweiss Equity Brokerage | ||
Edelweiss Lite Plan | Equity Delivery | ₹10 per order |
Equity Intraday | ₹10 per order | |
Equity Futures | ₹10 per order | |
Equity Options | ₹10 per order | |
Edelweiss Elite Plan | Equity Delivery | 0.3% |
Equity Intraday | 0.03% | |
Equity Futures | 0.03% | |
Equity Options | ₹75 per lot |
Edelweiss Brokerage Plan
Like every other broker in the Indian stock broking industry, Edelweiss Trading also offers brokerage plans to attract more customers and enhance the customer experience.
These plans are designed to maximize the trader’s or investor’s profit.
Generally, a trader or investor avoids a full-service stockbroker as they charge higher brokerage than their counterparts in the discount brokerage industry.
But, Edelweiss is an exception.
The two brokerage plans offered by Edelweiss are:
- Lite Plan
- Elite Plan
They are discussed in detail below.
-
Edelweiss Lite Brokerage Plan
It is the basic Edelweiss brokerage plan with minimal features and low charges. The key features are the flat brokerage rates of ₹10/order, FNO and Intraday trade against collateral & cash, and no hidden charges.
The brokerage charges in this plan are as follows:
Edelweiss Brokerage Charges | |
Equity Delivery | ₹10 per order |
Equity Intraday | ₹10 per order |
Equity Futures | ₹10 per order |
Equity Options | ₹10 per order |
Currency Futures | ₹10 per order |
Currency Options | ₹10 per order |
The other charges levied under this plan are:
Other Charges | |
Margin or Funding (Leverage) | For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.05% / day in case 50% cash not maintained |
Delayed Payment Interest (Normal) | 18% |
Delayed Payment Interest (MTF) | 18% |
Switching Charges (Only two switches allowed) | ₹0 (when switching to Elite) |
The details for the Manual Support are below:
Manual Support Details | |
Call and Trade (Advisory, Trading) | ₹20 / Call |
RM / Advisor | Not available |
Special Situation Trades Assistance | Not available |
The tools and features provided in these plans are as follows:
Tools And Features | |
Auto Collateral | Free |
Standard Tools (Watchlist, Screeners, Alerts, etc.) | Free |
Advanced Charting | Free |
Market Info | Free |
Research | ₹50 / month |
News (Live, Details) | Free |
Content | Free |
Notifications (Whatsapp) | ₹50 / month |
Portfolio Organizer | Free |
Guided Portfolios | Free |
Investology | ₹100 / course |
Trade Point | Chargeable |
Smallcase | ₹100 / course |
Ancillary charges levied in each of the plans are listed below:
Ancillary Charges | |
DP AMC | 1st Year Free / post ₹300 per annum |
DP Fees (Trf Out / Sell) / Inter-settlement Fees | ₹20 per ISIN |
Payin | ₹10 / transfer |
Payout | Free |
Physical CML Request | 1st Free / Additional ₹120 |
Physical Contract Notes | ₹50 / note |
Cheque Payment | ₹500 / cheque |
Pledge Charges | ₹60 / pledge |
Physical Statement Charges (Ledger, PNL, Tax, etc.) | ₹50 / note |
Every single detail about the first plan for Edelweiss brokerage has been covered here.
2. Edelweiss Elite Brokerage Plan
This plan is a brokerage plan with many privileges and a lot of features. It contains all the features of the Lite plan and much more. The key features of this plan are listed below
- All features of the Lite plan with no extra charges.
- Customized leverage
- Access to exclusive products
- Proactive advice and portfolio monitoring
- Free call and trade service
- Dedicated relationship manager
Now, let’s take a look at its details.
The brokerage charges under this plan are:
Brokerage Charges | |
Equity Delivery | 0.300% |
Equity Intraday | 0.030% |
Equity Futures | 0.030% |
Equity Options | ₹75 per lot |
Currency Futures | 0.020% |
Currency Options | ₹20 per lot |
The other charges levied under this plan are:
Other Charges | |
Margin or Funding (Leverage) | For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.03% to 0.05%/ day in case of margins not maintained |
Delayed Payment Interest (Normal) | 12%-18% |
Delayed Payment Interest (MTF) | 12%-18% |
Switching Charges (Only two switches allowed) | ₹2500 (when switching to Lite) |
The details for the Manual Support are below:
Manual Support Details | |
Call and Trade (Advisory, Trading) | Free |
RM / Advisor | Free |
Special Situation Trades Assistance | Free |
The tools and features provided in these plans are as follows:
Tools and Features | |
Auto Collateral | Free |
Standard Tools (Watchlist, Screeners, Alerts, etc.) | Free |
Advanced Charting | Free |
Market Info | Free |
Research | Free |
News (Live, Details) | Free |
Content | Free |
Notifications (Whatsapp) | Free |
Portfolio Organizer | Free |
Guided Portfolios | Free |
Investology | Free |
Trade Point | Chargeable |
Smallcase | As per brokerage |
Ancillary charges levied in each of the plans are listed below:
Ancillary Charges | |
DP AMC | 1st Year Free / post ₹500 per annum |
DP Fees (Trf Out / Sell) / Inter-settlement Fees | 0.02% of Value or ₹20 whichever is higher within Edelweiss OR 0.03% of Value or ₹20 outside Edelweiss |
Payin | Free |
Payout | Free |
Physical CML Request | Free |
Physical Contract Notes | Free |
Cheque payment | Free |
Pledge Charges | Free |
Physical Statement Charges (Ledger, PNL, Tax, etc.) | Free |
Every single detail about the second plan for Edelweiss brokerage has been covered here.
Edelweiss Brokerage Margin
When a trader avails the margin or leverage facility by a broker, a fixed brokerage charge is levied on such transactions. The Edelweiss brokerage in case of margin trading is as follows:
Edelweiss Brokerage Margin | ||
Lite Plan | Elite Plan | |
Margin or Funding (Leverage) | For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.05%/ day in case 50% cash is not maintained. | For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.03% to 0.05%/ day in case of margins not maintained. |
Delayed Payment Interest (MTF) | 18% | 12%-18% |
Conclusion
Edelweiss Broking Limited was founded in 1995 and it has grown exponentially over the decades of its existence. They have a workforce of more than 10,000 and are providing their customers with huge profits every year.
It is a full-service broker that aims to focus on the long term gains for its clients and help them grow at a steady pace. To assist the traders and investors with this aim, they have introduced two brokerage plans – Lite and Elite.
These plans are beneficial to the traders financially and maximizes the profit percentage. Well researched reports and advice also guide the traders towards increased profits.
The specifics of both these plans for Edelweiss brokerage have been discussed above in detail.
In case you need more information on the same, please comment and below and we’ll get back to you.
Merry Trading!
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