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.
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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%.
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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.
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?
Answer – As per the records, the delivery charge is 0.45%, intraday and futures charge is 0.06%, currency futures charge is 0.05%, options charge is Rs.150 per lot, whereas Currency options charge is Rs.50 per lot. The brokerage also provides 2 special charges, the information is provided in the article.
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 is 0.06%. This charge is levied on the entire turnover of the transaction.
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 0.45% 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.150 per lot, and if you trade in currency options, the brokerage is Rs.50 per lot.
Ques – What are Edelweiss Transaction Charges?
Answer – The transaction charges go as follows – NSE: 0.00325% 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 Rs.500 per annum, which should be paid for AMC.
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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