Reviews of Stock Brokers


When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Edelweiss, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Edelweiss founded in 2008 by Rashesh Shah is a Public company headquartered in Mumbai, India India. As a Full Service Broker, Edelweiss aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Edelweiss operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeFull Service Broker
Type of companyPublic
HeadquarterMumbai, India
FoundersRashesh Shah
Foundation Year2008
Supported ExchangesBSE, NSE, MCX, NCDEX
Total branches237

Edelweiss Account opening charges

To begin trading with Edelweiss, you need to open a trading account and a Demat account. Edelweiss charges Rs.750 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free or Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesEdelweiss
Trading Account Opening ChargesRs.750
Demat AMC (Annual Maintenance Charges)Free or Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.25,000
Offline to Online ChargesNot applicable
DepositoryNSDL & CDSL

Edelweiss Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Edelweiss brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesEdelweiss
Equity Delivery Brokerage0.55%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.120 per lot

Currency Brokerage Charges

Currency Brokerage ChargesEdelweiss
Currency Futures Brokerage0.035%
Currency Options BrokerageRs.30 per lot

Commodity Brokerage Charges

Commodity Brokerage ChargesEdelweiss
Commodity Options BrokerageNA

Edelweiss Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesEdelweiss
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00275% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 20 per call

Edelweiss Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Edelweiss:

Equity LeverageEdelweiss
Equity DeliveryUpto 15x
Equity IntradayUpto 25x
Equity FuturesUpto 15x
Equity OptionsUpto 10x

Edelweiss Currency Leverage

Currency LeverageEdelweiss
Currency FuturesUpto 12x
Currency OptionsUpto 10x

Edelweiss Commodity Leverage

Equity LeverageEdelweiss
CommodityUpto 15x

Edelweiss Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

Free Stock Trading AccountNo
Free Demat AccountYes
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanYes
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Edelweiss Features

Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryYes
PMS (Portfolio Management Services)Yes
Trading InstitutionYes
Trading ExposureUpto 25x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Edelweiss Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsNo
Company Stock ReviewYes
Free Stock TipsNo
IPO ReportsYes
Top PicksNo
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Edelweiss Trading Platforms

The Edelweiss trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Edelweiss Trading Platforms

Desktop Trading PlatformsEdelweiss
Desktop BrowserYes

Edelweiss Mobile App

The Edelweiss mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppEdelweiss
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Edelweiss Web Trading

For web-based trading, Edelweiss offers a powerful trading website known as Edelweiss trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Edelweiss Trade Terminal

Edelweiss offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Edelweiss Customer Support

Customer SupportEdelweiss
Relationship ManagerYes
Offline TradingNo
Online TradingYes
24 * 7 SupportYes
Email SupportYes
Chat SupportYes
Toll free numberNo
Support Branches102

Edelweiss Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Edelweiss.

BSE ComplaintsEdelweiss
BSE Complaints212
BSE Resolved Complaints207
Percentage of resolved BSE complaints97.65%
NSE Complaints133
NSE Resolved Complaints119
Percentage of resolved NSE complaints89.47 %
BSE/NSE Complaint vs. Resolved Percentage93.56 %


In conclusion, Edelweiss offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Edelweiss can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.