Top Stock Advisory
Edelweiss vs. Hedge Equities
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 Hedge Equities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Edelweiss and Hedge Equities.
Overview
Edelweiss is public company and Hedge Equities is private company. both are full service broker as well. Rashesh Shah co-founded Edelweiss in 2008. And Hedge Equities was founded in the year 2008 by Alex K Babu. Edelweiss's headquarters are in Mumbai, India and Hedge Equities's headquarters are in Cochin, Kerala.
Edelweiss and Hedge Equities both are full service broker as well. Edelweiss is registered in BSE, NSE, MCX, NCDEX, while Hedge Equities is registered in NA. The total branches of Edelweiss are 237 and the Hedge Equities branches are Nil.
| Overview | Edelweiss | Hedge Equities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, India | Cochin, Kerala |
| Founders | Rashesh Shah | Alex K Babu |
| Foundation Year | 2008 | 2008 |
| Supported Exchanges | BSE, NSE, MCX, NCDEX | NA |
| Total branches | 237 | Nil |
Edelweiss and Hedge Equities 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 Hedge Equities charging Rs.300.
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 Hedge Equities Demat account is Free. The Trading AMC for Edelweiss and Hedge Equities 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 Hedge Equities is CDSL.
| Account Opening and Demat Charges | Edelweiss | Hedge Equities |
|---|---|---|
| Trading Account Opening Charges | Rs.750 | Rs.300 |
| Demat AMC (Annual Maintenance Charges) | Free or Rs.300 per Annum | Free |
| Trading AMC (Annual Maintenance Charges) | Free | Rs.250 per Annum |
| Margin Money | Minimum Rs.25,000 | Minimum Rs.3,000 |
| Offline to Online Charges | Not applicable | Yes |
| Depository | NSDL & CDSL | CDSL & NSDL |
Edelweiss and Hedge Equities 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 Hedge Equities charges you 0.35%.
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 Hedge Equities also, it is 0.04%.
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 Hedge Equities charge 0.04% 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 Hedge Equities charges Rs.35 per order.
| Equity Brokerage Charges | Edelweiss | Hedge Equities |
|---|---|---|
| Equity Delivery Brokerage | 0.55% | 0.35% |
| Equity Intraday Brokerage | 0.04% | 0.04% |
| Equity Futures Brokerage | 0.04% | 0.04% |
| Equity Options Brokerage | Rs.120 per lot | Rs.35 per order |
Edelweiss and Hedge Equities 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 Hedge Equities is 0.04%.
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.20 per order.
| Currency Brokerage Charges | Edelweiss | Hedge Equities |
|---|---|---|
| Currency Futures Brokerage | 0.035% | 0.04% |
| Currency Options Brokerage | Rs.30 per lot | Rs.20 per order |
Edelweiss and Hedge Equities 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 Hedge Equities charges NA.
| Commodity Brokerage Charges | Edelweiss | Hedge Equities |
|---|---|---|
| Commodity Options Brokerage | NA | NA |
Edelweiss and Hedge Equities 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 Hedge Equities charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Edelweiss levies a transaction brokerage charge of 0.00275% of Total Turnover, while Hedge Equities charges 0.00325%.
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 Hedge Equities, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Edelweiss charges Rs 20 per call and Hedge Equities charges NA.
| Other Brokerage Charges | Edelweiss | Hedge Equities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00275% of Total Turnover | 0.00325% | 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 | NA |
Edelweiss and Hedge Equities 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 Hedge Equities it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Edelweiss is up to Upto 25x and by Hedge Equities it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Edelweiss is up to Upto 15x and by Hedge Equities it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Edelweiss is up to Upto 10x and by Hedge Equities also, it is up to Upto 5x.
| Equity Leverage | Edelweiss | Hedge Equities |
|---|---|---|
| Equity Delivery | Upto 15x | Upto 2x | Equity Intraday | Upto 25x | Upto 5x | Equity Futures | Upto 15x | Upto 2x | Equity Options | Upto 10x | Upto 5x |
Edelweiss and Hedge Equities Currency Leverage
The currency futures leverage provided by Edelweiss is up to Upto 12x, while for Hedge Equities it is up to Upto 4x.
The currency options leverage provided by Edelweiss is up to Upto 10x, while for Hedge Equities it is up to Upto 4x.
| Currency Leverage | Edelweiss | Hedge Equities |
|---|---|---|
| Currency Futures | Upto 12x | Upto 4x | Currency Options | Upto 10x | Upto 4x |
Edelweiss and Hedge Equities Commodity Leverage
The commodity leverage provided by Edelweiss is up to Upto 15x, while for Hedge Equities it is up to Upto 3x.
| Commodity Leverage | Edelweiss | Hedge Equities |
|---|---|---|
| Commodity | Upto 15x | Upto 3x |
Edelweiss and Hedge Equities 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 | Hedge Equities |
|---|---|---|
| Free Stock Trading Account | No | No | Free Demat Account | Yes | Yes | Flexible Plans | No | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | Yes | No | Holiday Offers | No | No | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Edelweiss and Hedge Equities Features
Equity Trading: Edelweiss and Hedge Equities 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 Hedge Equities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Edelweiss and Hedge Equities 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 Hedge Equities gives up to Upto 5x.
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 Hedge Equities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Edelweiss and Hedge Equities also allow you to trade in forex trading.
| Features | Edelweiss | Hedge Equities |
|---|---|---|
| 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 | No | Stocks Suggestions | No | No | Robo Advisory | Yes | No | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | Yes | No | Trading Exposure | Upto 25x | Upto 5x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Edelweiss and Hedge Equities 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 Hedge Equities 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 | Hedge Equities |
|---|---|---|
| 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 | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Edelweiss and Hedge Equities 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 Hedge Equities 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 | Hedge Equities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Edelweiss and Hedge Equities Mobile Trading Platforms
Edelweiss and Hedge Equities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Edelweiss | Hedge Equities |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Edelweiss and Hedge Equities 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 Hedge Equities 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 | Hedge Equities |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | No | Yes |
| 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 | 20 |
Edelweiss and Hedge Equities 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 Hedge Equities 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 Hedge Equities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Edelweiss is better than Hedge Equities in case of resolving customer complaints.
| BSE Complaints | Edelweiss | Hedge Equities |
|---|---|---|
| BSE Complaints | 212 | 0 |
| BSE Resolved Complaints | 207 | 0 |
| Percentage of resolved BSE complaints | 97.65% | NaN % |
| NSE Complaints | 133 | 1 |
| NSE Resolved Complaints | 119 | 1 |
| Percentage of resolved NSE complaints | 89.47 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 93.56 % | NaN % |
Frequently Asked Questions
Is Edelweiss better than Hedge Equities?
Edelweiss and Hedge Equities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Hedge Equities better than Edelweiss?
Hedge Equities and Edelweiss are at the top among the best full service brokers. 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 Hedge Equities?
Edelweiss and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. 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 Hedge Equities?
To figure out which of the two stockbrokers, Edelweiss and Hedge Equities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Edelweiss with other stock brokers
Visit the following pages to see a detailed comparision report of Edelweiss with other brokerage firms.
Compare Hedge Equities with other stock brokers
Visit the following pages to see a detailed comparision report of Hedge Equities with other brokerage firms.