Edelweiss Charges – Find Brokerage Charges, Account Opening Charges and more
Find detailed review of Edelweiss Charges here. Edelweiss is one of the most prominent brokerage firms that enable traders and investors to invest in all market segments.
In this article, we 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 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|
|Commodity Options Trading||NA|
|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|
Above mentioned table data clearly defines that, the Edelweiss Broking firm brokerage charges for equity delivery and all the other segments is same. 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.
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Edelweiss Broking Elite Brokerage Plan
In this table we have comprehend the special plan that gives you more flexibility while trading. Let’s take a look.
|Equity Delivery Trading||0.300%|
|Equity Intraday Trading||0.03%|
|Commodity Options Trading||NA|
|Equity Futures Trading||0.03%|
|Equity Options Trading||Rs.75 per Lot|
|Currency Futures Trading||0.02%|
|Currency Options 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 plan, customized for the experts, on the contrary to the discount brokerage charges.
The first plan, i.e. the lite plan contained a flat charge, which is similar to the ones discount brokers offer. This is a great perk you get with Edelweiss, i.e. a discounted rate and high class services, i.e. of a full service broker.
Now, if you take a look at the table, the delivery trading plan is 0.300%, while on the other front, Currency Futures has 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 of 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)|
|Margin Money||75% Margin|
In order to enable the trading services of Edelweiss broking, clients need to pay literally no charge. There will be no account processing charges , trading annual maintenance charges and demat account opening charges.
But, demat users have to pay demat account annual maintenance charges of Rs.300 in case they have opted for the Lite plan. Also, if you choose for the Lite plan, your AMC for the first year is waived off. On the contrary, if you opt for the Elite plan, you are not required to pay any AMC whatsoever. You get the demat account free of AMC for lifetime with Elite plan.
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Edelweiss Transaction Charges
Find below the Edelweiss Broking Transaction Charges:
|Equity Delivery||NSE Rs 225 per Cr (0.00225%) | BSE Rs 275 per Cr (0.00275%) (each side)|
|Equity Intraday||NSE Rs 225 per Cr (0.00225%) | 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 Options||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 Options||Rs 4000 per Cr (0.04%) (on premium)|
The transaction charges for Intraday and Delivery NSE is 0.00225% and BSE 0.00275%. NSE &BSE Equity future transaction charges are 0.00190%. For equity option NSE charges 0.05% and BSE 0.05 % respectively.
In both NSE and BSE currency future transaction charges are same that is 0.00115% as well current options transaction charges NSE and BSE are 0.0400%.
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Edelweiss Broking Other Charges
Detailed below of Edelweiss Broking Other Charges: let’s understand.
|SEBI Turnover Charges||0.00005% (Rs.5/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)|
|Margin Funding Charges||75% Margin|
|Reactivation Charges||Rs 20 per instruction|
|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|
Besides account opening and transaction charges, there are various other charges that we have to pay while trading.
The client will need to pay 0.0002% of total turnover as a SEBI turnover charges and 0.0126% of total turnover as STT charges. The stamp duty charges comes under 0.0005% to 0.004% and it varies from state to state. The margin fund charges are Cash + Stock Margin (50% Cash / 50% Stock) and For FNO, 0.08%/day in case 50% cash is not maintained.
In order to close the trading account, clients have to pay NIL per segment, but he/she can reactivate the account @ Rs. 20 per segment. The dematerialisation charges are Rs 2.00 per certificate + Rs 20 for postage, only.
Edelweiss Brokerage Charges FAQs
Ques – Does Edelweiss Charge Brokerage?
Answer – Yes, this stock broker charges brokerage for all the segments, including equity delivery, which is generally waived off by a lot of stock brokers. They have several brokerage plans you can select from as per your feasibility and trading activities.
Ques – What is 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 percentage basis for Elite plan. You can check the table from the article in order to check the precise price of each of the plan and segment.
Ques – What is Intraday Brokerage of Edelweiss?
Answer – Looking at the set of offering that this stock broker provides, you can choose to invest in the intraday segment. The intraday charge, as per the basic structure, i.e, Rs.10 per trade for the Lite plan and 0.030% for the Elite plan.
Ques – What other Charges levied by Edelweiss?
Answer – There are a bunch of charges you must know of, and they all begin with brokerage charges. The next set of charges are transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, account related charges and other petty charges.
Ques – Is Edelweiss a discount broker?
Answer – No, Edelweiss is not a discount broker; it is more of a full service broker which provides all kind of customized and tailored service. They are also into provision of research and advisory services, for the convenience of the clients, which is on the contrary to the discount broker.
Ques – Does Edelweiss have Free Delivery?
Answer – No, there are a lot of services this stock broking house provides for the investors, but they do not have the provision of free delivery. If you choose to invest in this domain, you have to pay the brokerage charge of Rs.10 per trade or 0.300% for every trade order.
Ques – How much Edelweiss Charge for Options?
Answer – Options are traded on the basis of lots, and hence, the brokerage charged by full service brokers in general is on the basis of lots as well. So, if you intend to invest in equity options, you have to pay brokerage of Rs.10 per trade for the lite plan. For the Elite plan, the charges are Rs.75 per Lot for Eqiy options trading and Rs.20 per Lot for Currency Options Trading.
Ques – What are Edelweiss Transaction Charges?
Answer – The transaction charges go as follows – NSE: 0.00225% and for BSE: 0.00275% for delivery and intraday, NSE: 0.00190% and for BSE: 0.00190% for futures, NSE 0.05% and for BSE 0.05% for options, NSE: 0.00115% and for BSE: 0.00115% for currency futures, and NSE: 0.0400% and for BSE: 0.0400% for currency options.
Ques – What is the Demat AMC in Edelweiss?
Answer – A demat account maintenance or AMC is levied by majority of stock brokers, while other may as well waive it off for the convenience of their clients. As for this stock, broker, they have a policy of taking nothing for first year and Rs.300 per annum thereafter for the lite plan. On the other end, you have to pay no charge for AMC being an Elite trader.
Ques – Is Edelweiss Brokerage Free?
Answer – No, this stock broker does not waive off any charges for their clients. The brokerage is not waived off even for the equity delivery segment, which is done by a lot of stock market brokers. This stock brokers levies brokerage on percentage basis.
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