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 of 2019|
|Equity Options||Rs. 150 per lot|
|Currency Options||Rs. 50 per lot|
|Flat Monthly Fees, if any||NA|
Above mentioned table data is clearly defined that, the Edelweiss Broking firm brokerage charges for equity delivery is 0.45% and 0.06% for both Equity Intraday and future and the currency futures charges are 0.05%. The currency option brokerage of Rs. 5o per lot and equity options brokerage for Rs. 150 per lot.
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Edelweiss Broking Special Brokerage Plans
In this table we have comprehend two special plans that gives you more flexibility while trading. Let’s take a look.
|Plan:||Edelweiss Brokerage Plan [Prepaid Plan Rs 12,000 for 12 months]|
|Flat Monthly Fee||Rs. 12,000 + Rs. 1,800 (Service tax)|
|Equity Options||Rs. 90 per lot|
|Currency Options||Rs. 22 per lot|
|Plan:||Edelweiss Brokerage Plan [Prepaid Plan Rs. 1,12,000 for 12 months]|
|Flat Monthly Fee||Rs. 1,12,000 + Rs. 16,800 (Service tax)|
|Equity Options||Rs. 25 per lot|
|Currency Options||Rs. 6 per lot|
There are two Edelweiss special prepaid plans for 12 months, one flat monthly fee is Rs. 12,000+ 1,800 service tax, and another is Rs. 1,12000 + 16,800 service tax.
In the first prepaid plan, the brokerage charges is 0.30% for equity delivery, 0.03% for equity intraday and equity futures. While in the second plan, the brokerage charges are 0.10% equity delivery, 0.01% for equity intraday and equity futures.
In the first plan, the brokerage charge for equity option is Rs.90 per a lot and currency option is Rs.22 per a lot. Whereas, in the second special plan the brokerage charges for equity option are Rs.25 per lot and Currency options Rs.6 per lot.
The currency futures brokerage charges in first plan are 0.04% and 0.01% in the second plan. Hence, Edelweiss special plans brokerage charges are significantly lower than other zero discount brokerage firms.
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Edelweiss Account Opening Charges
Below is the list if Edelweiss Account Opening Charges:
|Account Opening Charges of 2019|
|Account Processing Charges||Nil|
|Trading Account Opening Charges [One Time]||Rs. 750|
|Trading AMC or Annual Maintenance Charges [Yearly]||Rs. 0|
|Demat Account Opening Charges [One Time]||Rs. 0|
|Demat AMC or Account Annual Maintenance Charges [Yearly]||Rs. 500|
In order to enable the trading services of Edelweiss broking, clients need to open account at Rs.750. 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 Rs.500 (yearly), no matters whether they are using their account or not. The client can open the account with Rs.2500 margin money.
Edelweiss Transaction Charges
Find below the Edelweiss Broking Transaction Charges:
|Transaction Charges 2019|
|Equity Delivery||NSE: 0.00325% and for BSE: 0.00275%|
|Equity Intraday||NSE: 0.00325% and for BSE: 0.00275%|
|Equity Futures||NSE: 0.00190% and for BSE: 0.00190%|
|Equity Options||NSE 0.05% and for BSE 0.05%|
|Currency Futures||NSE: 0.00115% and for BSE: 0.00115%|
|Currency Options||NSE: 0.0400% and for BSE: 0.0400%|
The transaction charges for Intraday and Delivery NSE is 0.00325% 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%.
Edelweiss Broking Other Charges
Detailed below of Edelweiss Broking Other Charges: let’s understand.
|Other Charges 2019|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% of Total Turnover|
|Stamp Duty||0.002% – 0.004% – Depends on State|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.150 per Segment|
|Account Closure Charges||Rs.50 per Segment|
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 0.002% to 0.004% and it varies from state to state. The margin fund charges are 18% + GST.
In order to close the trading account, clients have to pay 50 per segment, but he/she can reactivate the account @ Rs. 150 per segment. The dematerialisation charges are Rs. 53, only.
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