Edelweiss Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Apr 14, 2023Find a detailed review of Edelweiss’s Charges here. Edelweiss is one of the most prominent brokerage firms that enable traders and investors to invest in all market segments.
This article will cover all Edelweiss broking brokerage charges, such as their account opening charges, transaction charges, special plans, and other charges. So, let’s get started.
Edelweiss Lite Brokerage Charges
This table informs you about all Edelweiss Broking Brokerage Charges:
Brokerage Charges for Lite Plan | |
Equity Delivery Trading | Rs.10 per Trade |
Equity Intraday Trading | Rs.10 per Trade |
Equity Futures Trading | Rs.10 per Trade |
Equity Options Trading | Rs.10 per Trade |
Currency Futures Trading | Rs.10 per Trade |
Currency Options Trading | Rs.10 per Trade |
Commodity Trading | NA |
Above mentioned table data clearly defines that the Edelweiss Broking firm brokerage charges for equity delivery and all the other segments.
So, even if you invest in Intraday, futures, options, currency futures, or currency options, you will be charged Rs.10 per Trade.
The charges you see in this section are in context with the Lite plan Edelweiss offers. There is another plan, i.e., the Elite plan, and we have mentioned the same in the next subsection for you to consider.
Want to know more about Edelweiss and its operations, check out the Edelweiss Review section.
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Edelweiss Broking Elite Brokerage Plan
In this table, we comprehend the special plan that gives you more flexibility while trading. Let’s take a look.
Edelweiss Elite | |
Equity Delivery Trading | 0.30% |
Equity Intraday Trading | 0.03% |
Equity Futures Trading | NA |
Equity Options Trading | 0.03% |
Currency Futures Trading | Rs.75 per Lot |
Currency Options Trading | 0.02% |
Commodity Trading | Rs.20 per Lot |
This is the second brokerage plan offered by Edelweiss and is referred to as the Elite plan. This is a customized plan for the experts, contrary to the discount brokerage charges.
The first plan, i.e., the lite plan, contained a flat charge, similar to the discount brokers offer. This is a great perk you get with Edelweiss, i.e., a discounted rate, and high-class services, i.e., a full-service broker.
Now, if you look at the table, the delivery trading plan is 0.300%, while on the other front, Currency Futures has a 0.02% charge. If you wish to invest in Equity Intraday and Equity Futures, you will be asked to pay a charge of 0.03%.
Speaking of the options segment, the brokerage is Rs.75 per Lot for Equity options and Rs.20 per Lot for currency options.
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Edelweiss Account Opening Charges
Below is the list if Edelweiss Account Opening Charges:
Account Opening Charges | |
Trading Charges [One Time] | Rs 0 (Free) |
Trading AMC [Yearly] | Rs 0 |
Demat Charges [One Time] | Rs 0 (Free) |
Demat AMC [Yearly] | Rs 300 (1st Year Free) for Edelweiss Lite, Rs 500 (1st Year Free) for Edelweiss Elite |
Margin Money | Not required |
The first-ever charge paid by a trader to a broker is account opening. Hence, it can be intimidating at first glance because the charge has no use later on as you proceed further.
However, these charges are not similar on every booking platform. Most brokers offer this facility for free. Such as Edelweiss lets you open a Demat account and trading account without putting even a single penny.
The broker also charges an account maintenance fee, but you need not stress about that because it is not charged to first-year users. AMC is charged from the second year onwards by the end of each year.
Also, check out Edelweiss Brokerage Calculator to calculate and compare brokerage charges in detail.
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Edelweiss Transaction Charges
Find below the Edelweiss Broking Transaction Charges:
Transaction Charges | |
Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) |
Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side) |
Equity Option | NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) |
Currency Futures | NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%) |
Currency Option | Rs 4000 per Cr (0.04%) (on premium) |
Commodity Futures | NA |
Commodity Option | NA |
Without a doubt, transaction charges could be a tension-deriving factor. It is because these charges are unexpected and can ruin your day if the broker charges them at higher rates.
Fortunately, charges on transactions aren’t terrifying at Edelweiss. Users pay most charges on CR transactions. In short, you pay these charges at the rate of 0.00325%, which may go down to 0.0015% per Crore transaction on BSE and NSE.
Charges vary from equity delivery orders to Equity options. Thus you can see higher to small deductions when withdrawing money or funding your account.
There’s no need to fear whether you will make or pay more because transaction charges are lower.
Edelweiss Tools & Features Charges
Tools & Features Charges | Edelweiss Lite | Edelweiss Elite |
Auto Collateral | Free | Free |
Standard Tools (Watchlist, Screeners, Alerts etc.) | Free | Free |
Advanced Charting | Free | Free |
Market Info | Free | Free |
Research | Rs 50 / month | Free |
News (Live, Details) | Free | Free |
Content | Free | Free |
Notifications (Whatsapp) | Rs 50 / month | Free |
Portfolio Organizer | Free | Free |
Guided Portfolios | Free | Free |
Investology | Rs 100 / course | Free |
Trade Point | Chargeable | Chargeable |
Smallcase | Rs 100 / order | As per brokerage |
Not all brokers charge commissions on tools and features, but some brokers do. Simply put, Edelweiss charges a commission on trading tools and features to serve a better experience.
But these changes are not levied everywhere. Most features that the broker provides are free, or they are covered under the previous charges you pay.
To simply put, Edelweiss Lite and Edelweiss Elite are two different plans where you will see the charges detailed for every specific feature on the Edelweiss Platform.
However, most are free, yet, features that want you to pay additional charges to benefit from them are research and WhatsApp notification. Each feature invites Rs 50 per month charge in Edelweiss elite plan.
Similarity Investology and Small case invite Rs 100 per order in the similar plan.
Edelweiss – Other Charges
Detailed below of Edelweiss Broking Other Charges: let’s understand.
Segments | Charges |
Account Closure Charges | NIL |
Dematerialisation Charges | Rs 2.00 per certificate + Rs 20 for postage |
Pledge Creation | Rs 6 per transaction+GST |
Pledge Invocation | Rs 25 per transaction |
Margin Pledge/Unpledge/ Pledge closure | Rs 25 per transaction |
Margin Repledge | Rs 35 per ISIN |
Margin / Funding (Leverage) | For FNO 50% Cash + 50% Stock Margin is required. Shortfall charged at 0.05% / day in case 50% cash is not maintained |
Delayed Payment Interest (Normal) | 30% |
Delayed Payment Interest | 30% |
Switching Charges (Only 2 switches allowed) | Rs 0 (when switching to Elite) |
Manual Support Charges | |
Call and Trade (Advisory, Trading) | Rs 20 / Call |
RM / Advisor | NA |
Special Situation Trades Assistance | NA |
Ancillary Charges | |
DP AMC | 1st Year Free / post Rs 300 per annum |
DP Fees (Trf Out / Sell) / Inter-settlement Fees | Rs 20 per ISIN |
Payin | Rs 10 / transfer |
Payout | Free |
Physical CML Request | 1st Free / Additional Rs 120 |
Physical Contract Notes | Rs 50 / note |
Cheque payment | Rs 500 / cheque |
Pledge Charges | Rs 60 / pledge |
Physical Statement Charges (Ledger, PNL, Tax etc.) | Rs 50 / note |
Other charges refer to the type of charges that are charged in addition to the regular brokerages. Such as, Here, Edelweiss broker charges Rs 20 per instruction from users on account reactivation.
Similarly, Account Closure charges are NIL. Dematerialization charges, margin pledge, Margin Repledge, and Delayed Payment interest have special charge rates.
As you can see in the table above, these charges can vary significantly, and you aren’t required to understand each of them. Consider charges that are relevant to your business and leave others.
It is to eliminate the confusions that you may encounter hereafter upon proceeding with the broker while trading.
Edelweiss Regulatory & Government Charges
Segments | Charges |
SEBI Turnover Charges | 0.0001% (₹10/Crore) |
STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell-side (Non-Agri) Commodity Options: 0.05% on sell-side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell-side |
Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Goods and Services Tax and Regulatory Charges have a major impact on each monetary activity you make at the Edelweiss trading platform.
Since these charges are more than what the broker charges itself from traders against its services, they make your experience relatively more expensive.
Such as, government taxation is 18% on brokerage services in India. Thus these charges will automatically be added to every eligible service that Edelweiss provides.
Regulatory charges are added by the regulatory bodies, e.g., the Stock Exchange Board of India (SEBI). The charges figures are described in the table above.
Edelweiss Brokerage Charges – Conclusion
So these are the major charges levied by Edelweiss that are worth considering before it’s too late. Not all charges need to be paid by a trader. Some charges are directly charged from users whilst others are services-specific.
If you are benefiting from that service, you pay the charge. Such as government and regulatory charges are mandatory but charges for equity options and equity delivery orders vary.
These are the few small things you need to know about these charges.
Edelweiss Brokerage Charges FAQs
Here is the list of FAQs related to the Edelweiss brokerage charges:
Does Edelweiss Charge Brokerage?
Yes, this stockbroker charges brokerage for all the segments, including equity delivery, which many stockbrokers generally waive. They have several brokerage plans you can select from as per your feasibility and trading activities.
What are Edelweiss Brokerage Charges?
As per the records, the charge is Rs.10 per trade for all the segments in the Lite plan, whereas it is on a percentage basis for the Elite plan. You can check the table from the article to check the exact price of each plan and segment.
What is Intraday Brokerage of Edelweiss?
Edelweiss charges 0.03% on intraday brokerage from traders. But it depends more on what you select for day trade. Changes in options, futures, and currency may vary.
What Other Charges were levied by Edelweiss?
There are many charges you must know of, and they all begin with brokerage charges. The following changes are transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, account-related charges, and other petty charges.
Is Edelweiss a discount broker?
Edelweiss is not a discount broker; it is a full-service broker that provides all kinds of customized and tailored services. They are also into the provision of research and advisory services for the convenience of the clients, which is contrary to the discount broker.
Does Edelweiss have Free Delivery?
No, Edelweiss doesn’t have free delivery. The broker does charge a commission of 0.30% on equity delivery orders in the Elite Plan. Similarly, the Lite plan invites Rs 10 per order charges.
How much does Edelweiss Charge for Options?
Edelweiss charges for options vary as it is primarily decided by the plan you choose. Lite plan has Rs 10 per trade charge, whereas Elite Plan has Rs 75 per lot charges for equity options. Currency options have relatively fewer charges.
What are Edelweiss Transaction Charges?
Edelweiss transaction charges aren’t similar. They tend to vary depending on what type of asset market you choose and whether it belongs to NSE or BSE.
What is the Demat AMC in Edelweiss?
Edelweiss Demat Account Maintenance Fee is Rs 500 for Elite Plan and Rs 300 for the Lite Plan.
Is Edelweiss Brokerage Free?
No, this stockbroker does not waive any charges for their clients. The brokerage is not waived off even for the equity delivery segment, which many stock market brokers do. These stockbrokers levy brokerage on a percentage basis.
Is Edelweiss good for trading?
Edelweiss is one of the best broking that serves the best trading experience at a low cost. You can trade and invest in multiple markets via Edelweiss.
How do I check my Edelweiss brokerage charges?
Users can check their Edelweiss brokerage charges on the charges page shown on the broker’s website. In addition, charges may be visible in the receipt generated by the broker when you make a transaction.
Is Edelweiss a full-service broker?
Yes, Edelweiss is a full-service broker and serves the best trading services at discounted prices. You will enjoy the broker a lot.
Can I open only a trading account in Edelweiss?
Users can open both Demat and trading accounts in Edelweiss; there’s no compulsion.
Which Demat account has the lowest brokerage?
The Lite plan by Edelweiss has relatively lower charges compared to the Elite plan.
What is the demat account Edelweiss?
A Demat account is an account at Edelweiss that allows you to hold an equity asset for the long term in your portfolio. You can transact freely through the account.
How long does it take to withdraw money from Edelweiss?
It must be transferred instantly to your account. But in most cases, the transaction can take more than expected time.
How do you stop SIP in Edelweiss?
To stop SIP in Edelweiss, users can go to the order section and then SIP and click on the CANCEL button to stop it.
Is Edelweiss an Indian company?
Yes, Edelweiss is a Mumbai-based company founded in India.