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Edelweiss vs. Beeline Broking

All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.

Among the best stockbrokers in India, two top names are Edelweiss and Beeline Broking. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Edelweiss and Beeline Broking.

Overview

Edelweiss is public company and Beeline Broking is private company. Edelweiss operates as a full service Broker, while Beeline Broking functions as a discount broker. Rashesh Shah co-founded Edelweiss in 2008. And Beeline Broking was founded in the year 2004 by Vanesh Panchal & Pradeep Sandhir. Edelweiss's headquarters are in Mumbai, India and Beeline Broking's headquarters are in Ahmedabad, Gujarat.

Edelweiss operates as a full service Broker, while Beeline Broking functions as a discount broker. Edelweiss is registered in BSE, NSE, MCX, NCDEX, while Beeline Broking is registered in BSE, NSE, MCX, NCDEX. The total branches of Edelweiss are 237 and the Beeline Broking branches are Nil.

Overview	Edelweiss	Beeline Broking
Broker Type	Full Service Broker	Discount Broker
Type of company	Public	Private
Headquarter	Mumbai, India	Ahmedabad, Gujarat
Founders	Rashesh Shah	Vanesh Panchal & Pradeep Sandhir
Foundation Year	2008	2004
Supported Exchanges	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX
Total branches	237	Nil

Edelweiss and Beeline Broking Trading Account Opening and Demat Charges

A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

Account opening fees for various brokers range from 0 to Rs.200, with Edelweiss charging Rs.750 and Beeline Broking charging Rs.876.

When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Edelweiss Demat account is Free or Rs.300 per Annum and for the Beeline Broking Demat account is Free. The Trading AMC for Edelweiss and Beeline Broking is free. And the margin money for both brokers is also zero.

As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Edelweiss and Beeline Broking is CDSL.

Account Opening and Demat Charges	Edelweiss	Beeline Broking
Trading Account Opening Charges	Rs.750	Rs.876
Demat AMC (Annual Maintenance Charges)	Free or Rs.300 per Annum	Free
Trading AMC (Annual Maintenance Charges)	Free	Free
Margin Money	Minimum Rs.25,000	Zero Margin
Offline to Online Charges	Not applicable	Yes
Depository	NSDL & CDSL	CDSL & NSDL

Edelweiss and Beeline Broking Equity Brokerage Charges

There are more charges that a broker charges for equity transactions.

Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Edelweiss is 0.55%, while Beeline Broking charges you Rs.18 per executed order.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Edelweiss is 0.04% and for Beeline Broking also, it is Rs.18 per executed order.

Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Edelweiss charge 0.04% and Beeline Broking charge Rs.18 per executed order for equity futures.

Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Edelweiss charges Rs.120 per lot, and Beeline Broking charges Rs.18 per executed order.

Equity Brokerage Charges	Edelweiss	Beeline Broking
Equity Delivery Brokerage	0.55%	Rs.18 per executed order
Equity Intraday Brokerage	0.04%	Rs.18 per executed order
Equity Futures Brokerage	0.04%	Rs.18 per executed order
Equity Options Brokerage	Rs.120 per lot	Rs.18 per executed order

Edelweiss and Beeline Broking Currency Brokerage Charges

Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.

Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Edelweiss is 0.035% and for Beeline Broking is Rs.18 per executed order.

Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Edelweiss charges Rs.30 per lot for currency options, whereas Edelweiss charges Rs.18 per executed order.

Currency Brokerage Charges	Edelweiss	Beeline Broking
Currency Futures Brokerage	0.035%	Rs.18 per executed order
Currency Options Brokerage	Rs.30 per lot	Rs.18 per executed order

Edelweiss and Beeline Broking Commodity Brokerage Charges

Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Edelweiss charges NA for commodity trading, while Beeline Broking charges Rs.18 per executed order.

Commodity Brokerage Charges	Edelweiss	Beeline Broking
Commodity Options Brokerage	NA	Rs.18 per executed order

Edelweiss and Beeline Broking Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Edelweiss levies a minimum brokerage fee of Percentage of Transaction, while Beeline Broking charges Rs.18 brokerage fee.

Transaction Brokerage Charges: Edelweiss levies a transaction brokerage charge of 0.00275% of Total Turnover, while Beeline Broking charges 0.00285%.

SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Edelweiss is 0.0002% of Total Turnover and for Edelweiss is 0.0002% of Total Turnover.

Stamp Duty Charges: This fee is charged as per the state and asset class.

GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)

STT (Securities Transaction Tax): The STT charges for Edelweiss are 0.0126% of Total Turnover, while for Beeline Broking, they are 0.0126% of selling value.

Call and Trade Charges: This charge varies for different brokers. Edelweiss charges Rs 20 per call and Beeline Broking charges Rs 20 per executed order.

Other Brokerage Charges	Edelweiss	Beeline Broking
Minimum Brokerage Charges	Percentage of Transaction	Rs.18
Transaction Brokerage Charges	0.00275% of Total Turnover	0.00285%
SEBI Turnover Charges	0.0002% of Total Turnover	0.0002% of Total Turnover
Stamp Duty Charges	As per the state	As per the state
GST Charges	18% of (Brokerage + Transaction Charges)	18% of (Brokerage + Transaction Charges)
STT Charges	0.0126% of Total Turnover	0.0126% of selling value
Call and Trade Charges	Rs 20 per call	Rs 20 per executed order

Edelweiss and Beeline Broking Equity Exposure/Leverage

With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.

Equity Delivery: Leverage provided for Equity Delivery by Edelweiss is up to Upto 15x and by Beeline Broking it is up to Upto 3x.

Equity Intraday: Leverage for equity intraday by Edelweiss is up to Upto 25x and by Beeline Broking it is up to Upto 10x.

Equity Futures: Leverage for Equity Futures by Edelweiss is up to Upto 15x and by Beeline Broking it is up to Upto 5x.

Equity Options: Leverage for Equity Options by Edelweiss is up to Upto 10x and by Beeline Broking also, it is up to Upto 5x.

Equity Leverage	Edelweiss	Beeline Broking
Equity Delivery	Upto 15x	Upto 3x
Equity Intraday	Upto 25x	Upto 10x
Equity Futures	Upto 15x	Upto 5x
Equity Options	Upto 10x	Upto 5x

Edelweiss and Beeline Broking Currency Leverage

The currency futures leverage provided by Edelweiss is up to Upto 12x, while for Beeline Broking it is up to Upto 4x.

The currency options leverage provided by Edelweiss is up to Upto 10x, while for Beeline Broking it is up to Upto 4x.

Currency Leverage	Edelweiss	Beeline Broking
Currency Futures	Upto 12x	Upto 4x
Currency Options	Upto 10x	Upto 4x

Edelweiss and Beeline Broking Commodity Leverage

The commodity leverage provided by Edelweiss is up to Upto 15x, while for Beeline Broking it is up to Upto 4x.

Commodity Leverage	Edelweiss	Beeline Broking
Commodity	Upto 15x	Upto 4x

Edelweiss and Beeline Broking Offers

Brokers offer various exciting offers to entice new customers. Here are some of them:

Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.

Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.

Brokerage Discounts: Coupons providing up to 50% discount at their rates.

Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.

1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.

Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.

Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.

Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.

Offers	Edelweiss	Beeline Broking
Free Stock Trading Account	No	Yes
Free Demat Account	Yes	No
Flexible Plans	No	Yes
Brokerage Discounts	Yes	Yes
Happy Hours	No	No
1 Month Free Plan	Yes	No
Holiday Offers	No	No
Referral Program	Yes	Yes
Zero Brokerage on Loss Trades	No	No

Edelweiss and Beeline Broking Features

Equity Trading: Edelweiss and Beeline Broking brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.

Currency and Commodity Trading: Edelweiss and Beeline Broking also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of Edelweiss and Beeline Broking broker is that you can also invest in IPOs. Edelweiss also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. Edelweiss offers trading exposure of up to Upto 25x, while Beeline Broking gives up to Upto 10x.

Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Edelweiss and Beeline Broking, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Edelweiss and Beeline Broking also allow you to trade in forex trading.

Features	Edelweiss	Beeline Broking
Equity Delivery Trading	Yes	Yes
Equity Intraday Trading	Yes	Yes
Equity Futures Trading	Yes	Yes
Equity Options Trading	Yes	Yes
Currency Trading	Yes	Yes
Commodity Trading	No	Yes
IPO (Initial public offering)	Yes	Yes
Stocks Suggestions	No	No
Robo Advisory	Yes	No
PMS (Portfolio Management Services)	Yes	No
Trading Institution	Yes	No
Trading Exposure	Upto 25x	Upto 10x
Mutual Funds	Yes	Yes
SIP (Systematic Investment Plan)	Yes	Yes
Forex Trading	No	No
Banking	No	No
Insurance	Yes	No

Edelweiss and Beeline Broking Advisory Services

Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-

Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.

Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Edelweiss and Beeline Broking offer you in-depth research reports.

Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.

Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.

Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.

Advisory Services	Edelweiss	Beeline Broking
Fundamental Reports	Yes	No
Research Reports	Yes	No
Company Reports	Yes	No
Annual Reports	No	No
Company Stock Review	Yes	No
Free Stock Tips	No	Yes
IPO Reports	Yes	No
Top Picks	No	Yes
Daily Market Review	Yes	No
Monthly Reports	Yes	No
Weekly reports	Yes	No
Offline Advisory	Yes	No
Relationship Manager	Yes	No

Edelweiss and Beeline Broking Desktop Trading Platforms

A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Edelweiss and Beeline Broking offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.

Desktop Trading Platforms	Edelweiss	Beeline Broking
Windows	Yes	Yes
Mac	Yes	Yes
Desktop Browser	Yes	Yes

Edelweiss and Beeline Broking Mobile Trading Platforms

Edelweiss and Beeline Broking offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading Platforms	Edelweiss	Beeline Broking
Mobile Browser	Yes	Yes
Android App	Yes	No
iOS App	Yes	No
Windows App	No	No
Other mobile os	No	No

Edelweiss and Beeline Broking Customer Support

Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Edelweiss and Beeline Broking give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.

Customer Support Features	Edelweiss	Beeline Broking
Relationship Manager	Yes	No
Offline Trading	No	No
Online Trading	Yes	Yes
24 * 7 Support	Yes	No
Email Support	Yes	Yes
Chat Support	Yes	No
Toll free number	No	No
Support Branches	102	0

Edelweiss and Beeline Broking Customer Complaints

The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Edelweiss and Beeline Broking registered and resolved complaints.

For Edelweiss, the Percentage of resolved BSE complaints is 97.65% and the Percentage of resolved NSE complaints is 89.47 %.

For Beeline Broking, the Percentage of resolved BSE complaints is 91.30% and the Percentage of resolved NSE complaints is 85.71 %.

We can say that Edelweiss is better than Beeline Broking in case of resolving customer complaints.

BSE Complaints	Edelweiss	Beeline Broking
BSE Complaints	212	23
BSE Resolved Complaints	207	21
Percentage of resolved BSE complaints	97.65%	91.30%
NSE Complaints	133	35
NSE Resolved Complaints	119	30
Percentage of resolved NSE complaints	89.47 %	85.71 %
BSE/NSE Complaint vs. Resolved Percentage	93.56 %	88.51 %

Frequently Asked Questions

Is Edelweiss better than Beeline Broking?
Edelweiss is a full service broker and Beeline Broking is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Beeline Broking better than Edelweiss?
Beeline Broking is a discount broker and Edelweiss is a full service broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Edelweiss and Beeline Broking?
Being a full-service broker, Edelweiss tends to have higher brokerage charges, while Beeline Broking, being a discount broker, offers comparatively cheaper rates. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Edelweiss and Beeline Broking?
To figure out which of the two stockbrokers, Edelweiss and Beeline Broking, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.