Edelweiss vs Zerodha

Comparing India’s two top stock brokers Zerodha and Edelweiss we bring their brokerage plans, Plan types, customer service, maintenance costs, AMC, trading platforms, ratings, reviews, mobile apps, and the investment options offered by them. This analysis is conducted to enable you to select the best broker for your needs. The aim is to provide a comprehensive understanding of their advantages and shortcomings.

About Zerodha-

India’s top brokerage is Zerodha. It is the biggest and most well-known broker, providing online flat fee discount brokerage services for investments in equity, foreign exchange, commodities, initial public offerings, and direct mutual funds.

For direct mutual funds and equities delivery deals, Zerodha charges no brokerage fees. It charges a fixed fee of Rs 20 or 0.03% (whichever is lesser) for intraday and F&O trades. With Zerodha, the most you’ll ever spend in brokerage is Rs 20 for an order (of any size, amount or segment).

Right now, Zerodha is the top stock broker. They are the most transparent stock broker and provide a great online trading platform at a reasonable brokerage cost. They are the fintech firm in India that is expanding the fastest thanks to constant innovation and development.

These are Zerodha’s main advantages:

  • Active customers, market volume, and new client acquisitions make Zerodha one of the biggest stockbrokers.
  • It is one of the safest and most trusted brokers.
  • It provides the most cutting-edge technologies for online trading.
  • It has no brokerage costs for mutual funds and equity delivery.
  • The maximum brokerage fee per trade is Rs 20. Compared to typical brokers may reduce your brokerage costs by 60% to 90%.
  • Offers intraday trading leverage of up to 20x.
  • It offers Direct Mutual Funds with No Commission.
  • Suitable for all classes of investors, including novices, active traders, and passive and active investors.

The most cutting-edge stock broker in India is Zerodha. In addition to Zerodha Kite (a web and mobile trading application), Coin (a platform for investing in mutual funds), Varsity (an investor education program), Trading Q&A, and many more products, Zerodha has developed its trading software. Additionally, Zerodha offers the following platforms: Sensibull (options trading platform), Streak (algo & strategy platform), Small Case (thematic investing platform), and GoldenPi (bonds trading platform). Zerodha is safe for investment because:

  • It has one of the lowest ratios of complaints to active customers on the exchange.
  • It is a firm with no debt.
  • There is no Margin Funding available.
  • Client securities are not kept in the pooled account.
  • It does not use customer funds for its trading.

About Edelweiss Broking-

Edelweiss Broking Ltd., a full-service stockbroking business situated in Mumbai, India, was established in 2008. The business is a member of the Edelweiss Group, a preeminent conglomerate of diverse financial services founded in 1995. All major asset classes, including equity, debt, mutual funds, initial public offerings (IPOs), currency derivatives, commodities, futures, and options, are available for investment and trading through Edelweiss’ retail brokerage division.

For all asset classes, trading approaches, and time horizons, Edelweiss provides its clients with investing guidance supported by research and analysis. Edelweiss (Mobile app, a website & desktop trading software) offers a selection of trading platforms for all media. All trading platforms are excellent and simple to use with India’s top-rated app being Edelweiss Mobile Trader.

With over 475 offices spread across 200 sites, Edelweiss Group is well-represented throughout India. It employs 11,938 people to serve over 12 lakh customers from diverse industries. For its offerings and utilization of technology, Edelweiss has garnered several accolades. ABP BFSI Awards 2017, National Digital Marketing Awards 2017, Best Broker in India at Finance Asia (Hong Kong) Country Awards 2016, and BBC Knowledge are just a few of the significant honours received recently.

Account Types

Edelweiss offers three types of brokerage plans to suit the varied needs of the traders.

1. Edelweiss Lite (Discount Brokerage Plan)

The next-generation online trading plan is intended for users who can trade online using the given tools and with little assistance from the broker. With this plan, you may trade in all trading sectors at BSE, NSE, and MCX for an incredibly cheap flat brokerage charge of Rs 10 per completed order.

2. Edelweiss Elite

Following this strategy, the business assesses a brokerage fee as a percentage of the deal value. This full-service package gives you a customized trading experience through the free use of relationship managers.

3. Advance Subscription (prepaid) Plans

Customers who choose advanced subscription or prepaid plans must make a one-time upfront payment for a complete year. Prepaid plans have substantially lower brokerage fees than the Standard Plan. This plan is intended for active traders who benefit from lower brokerage fees, more leverage, free research and training, and a personal relationship manager.

Edelweiss vs Zerodha

Both brokers provide investments in equity, F&O, currency, and commodities and are registered with SEBI. Zerodha Max charges Rs 20 in brokerage for each trade, whereas Edelweiss charges between Rs 10 and Rs 20. While Edelweiss is a Full-Service Broker, Zerodha is a Discount Broker. In general, Zerodha is rated higher than Edelweiss. Zerodha has a rating of 4.5, whereas, Edelweiss has a rating of 3.5. While there are 2,13,010 active clients with Edelweiss, there are 66,09,384 active consumers with Zerodha.

 

Brokerage Charges Compare Zerodha Edelweiss
Plan Name Max Rs 20 per order Trading Plan Edelweiss Lite
Equity Delivery Free Flat Rs. 10 per executed order
Equity Intraday 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Futures 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Currency Options Flat Fee Rs 20 Flat Fee Rs Flat Rs. 10 per executed order
Commodity Trading Flat Fee Rs 20 0.01%
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Info Not Available Yes – 24% interest PA
Call & Trade Charges Rs 50 Per Executable Order Free
Auto Square off Charges Rs 50 Per Executable Order Free
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Edelweiss

 

Transaction Charges Compare Zerodha Edelweiss
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 135 Per Cr Rs 110 Per Cr
Currency Options Rs 4400 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for edelweiss-broking

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