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Zerodha Vs Nuvama (Edelweiss) (Compare Zerodha and Nuvama (Edelweiss))

About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed orde...

Zerodha Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm. The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options. Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best...

Nuvama (Edelweiss) Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

Zerodha Vs Nuvama (Edelweiss)

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.

	Zerodha	Nuvama (Edelweiss)
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX and NCDEX	BSE, NSE, MCX, NCDEX
Year of Incorporation	2010	2002
Number of Branches	22	237
	Open Zerodha Account	Open Nuvama (Edelweiss) Account

Zerodha Vs Nuvama (Edelweiss) Charges & AMC

Zerodha trading account opening charges is Rs 0 while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). Zerodha Demat Account AMC Charges is Rs 300 and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).

	Zerodha	Nuvama (Edelweiss)
Trading Account Opening Charges	Rs 0	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Rs 300	Rs 500 (1st Year Free)

Zerodha Vs Nuvama (Edelweiss) Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order.

Account Type	Zerodha Flat Brokerage Plan	Nuvama (Edelweiss) Nuvama Lite
Fixed Charges		NA
Equity Delivery	Rs 0 (Free)	Rs 10 per executed order
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	Rs 10 per executed order
Equity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 10 per executed order
Equity Options	Rs 20 per executed order	Rs 10 per executed order
Currency Futures	Rs 20 per executed order or .03% whichever is lower	Rs 10 per executed order
Currency Options	Rs 20 per executed order	Rs 10 per executed order
Commodity Futures	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Rs 20 per executed order
Special Offer	Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.	Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

Zerodha Vs Nuvama (Edelweiss) Brokerage Plan 2

	Zerodha	Nuvama (Edelweiss)
Account Type	Flat Brokerage Plan	Nuvama Elite
Fixed Charges
Equity Delivery	Rs 0 (Free)	0.30%
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	0.03%
Equity Futures	Rs 20 per executed order or .03% whichever is lower	0.03%
Equity Options	Rs 20 per executed order	Rs 75 per lot
Currency Futures	Rs 20 per executed order or .03% whichever is lower	0.02%
Currency Options	Rs 20 per executed order	Rs 20 per lot
Commodity Futures	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Rs 20 per executed order
	Open Zerodha Account	Open Nuvama (Edelweiss) Account

Zerodha Charges Vs Nuvama (Edelweiss)

Minimum Brokerage	0.03% in Intraday and F&O	0.03% Equity delivery, 0.01% Intra-day and Futures
Other Charges	Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS	Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges	Rs 50 per executed order	Rs 20 per call

Zerodha Vs Nuvama (Edelweiss) Transaction Charges

Zerodha transaction charges for options is NSE Rs 3503 per Cr (0.03503%) | BSE Rs 500 per Cr (0.005%) (on premium) while Nuvama (Edelweiss) exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

	Zerodha	Nuvama (Edelweiss)
Equity Delivery	NSE Rs 297 per Cr (0.00297%) \| BSE Rs 375 per Cr (0.00375%) (each side)	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	NSE Rs 297 per Cr (0.00297%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures	NSE Rs 173 per Cr (0.00173%) \| BSE Rs 0	NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0
Equity Options	NSE Rs 3503 per Cr (0.03503%) \| BSE Rs 500 per Cr (0.005%) (on premium)	NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures	NSE Rs 35 per Cr (0.00035%) \| BSE Rs 45 per Cr (0.00045%)	NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)
Currency Options	NSE Rs 3110 per Cr (0.0311%) \| BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)
	Open Zerodha Account	Open Nuvama (Edelweiss) Account

Zerodha Vs Nuvama (Edelweiss) Leverage (Margin)

Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nuvama (Edelweiss) margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Zerodha	Nuvama (Edelweiss)
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open Zerodha Account	Open Nuvama (Edelweiss) Account

Compare Zerodha and Nuvama (Edelweiss) Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.

	Zerodha	Nuvama (Edelweiss)
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin	Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress
Intraday Square-off Time	Eq Cash: 3:15 PM \| Eq F&O : 3:25 PM \| Currency: 4:45 PM \| Commodities: 25 min before close	3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Direct Mutual Funds, APIs for Algo Trading
	Open Zerodha Account	Open Nuvama (Edelweiss) Account

Zerodha Vs Nuvama (Edelweiss) Review

Zerodha is rated 3.7 of 5 based on 486 customer reviews whereas Nuvama (Edelweiss) is rated 2.8 of 5 based on 78 customer reviews.

	Zerodha	Nuvama (Edelweiss)
	486 Customer Reviews	78 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 486 customer reviews	Nuvama (Edelweiss) is rated 2.8 of 5 based on 78 customer reviews

Contact Broker / Request A Call Back

	Zerodha Enquire	Nuvama (Edelweiss) Enquire
Contact Broker	Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.	Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

Zerodha Vs Nuvama (Edelweiss) Investment Options

	Zerodha	Nuvama (Edelweiss)
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Zerodha Vs Nuvama (Edelweiss) Order Type Offered

	Zerodha	Nuvama (Edelweiss)
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open Zerodha Account	Open Nuvama (Edelweiss) Account

Zerodha Vs Nuvama (Edelweiss) Research Report

	Zerodha	Nuvama (Edelweiss)
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Zerodha Vs Nuvama (Edelweiss) Suitable For Investor Type

	Zerodha	Nuvama (Edelweiss)
Casual Investor
Active Investor
Trader

Zerodha Vs Nuvama (Edelweiss) - Pros and Cons

	Zerodha	Nuvama (Edelweiss)
Pros	Free account opening for people under 25. India's leading broker in terms of the number of active clients, exchange volume and brokerage revenue. Safe, reliable, and most technologically advance broker in India. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Flat Rs 20 per trade brokerage for all other segments. Excellent trading platforms (Kite) available for free. Direct Mutual Fund Investment is available. Good Till Triggered (GTT) orders are available. These are similar to GTC orders. NRI Trading account is available.	Full-service broker offering discount brokerage plan. Trade at flat Rs 10 per executed order across all segments in Nuvama Lite Plan. Instant online account opening: Open your Investing & Trading account in less than 15 minutes. Offer commodity trading on the same trading platform. Free research and trading tips call to all the customers. Online IPO application.
Cons	It does not provide stock tips, research, and recommendations. Call & Trade is charged an extra Rs 50 per order. Auto Square off is charged at an extra Rs 50 per order. It does not offer a 3-in-1 account. It does not offer monthly unlimited trading plans. It does not offer an AMC Free Demat account. No margin funding.	The bracket orders are not available. Good Till canceled orders are not available. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures Call & Trade is available at an additional cost of Rs 20 per call.
Reviews
Promo / Offers	Zerodha Special Offer Free stock trading and mutual funds Free account opening for all people. Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O + Brokerage-free Direct Mutual Fund investment + + Trade with the best trading platform in India. This is a limited time offer. Open an instant Zerodha account online and start trading today.	Nuvama (Edelweiss) Special Offer Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only) Flat Rs 10 per trade across all segments. FREE Research and Trading Tips. Margin against share and Margin Funding available. It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.
	Open Zerodha Account	Open Nuvama (Edelweiss) Account

Frequently Asked Questions

1. Which is best Edelweiss vs Zerodha?
Edelweiss is a full-service stock broker whereas Zerodha is an online discount broker. Edelweiss also offers a no-frill discount brokerage plan (Rs 10 per trade) which is similar to Zerodha's brokerage plan (Rs 20 per trade). The Edelweiss plan is 50% cheaper which makes it more economical then Zerodha.

Edelweiss Vs Zerodha Similarities
- Both have strong brand names with an excellent track record.
- Both offer discount brokerage plan.
- Both have excellent online trading platforms.
- Online investment in mutual funds and IPOs.
Edelweiss Vs Zerodha Differences
- Free Equity Delivery Trades
  Equity delivery trades are free on Zerodha whereas Edelweiss charges brokerage on all types of trades.
- Commodity Trading
  Edelweiss doesn't offer commodity trading whereas Zerodha offers commodity trading.
- Research & Recommendations
  Edelweiss offers research services whereas Zerodha doesn't offer research services. Research services are free on Edelweiss Elite plan and are chargeable at Rs 50 per month on the Edelweiss Lite plan (Rs 10 per trade brokerage).
- Offline Services
  Zerodha offers its services online only. Edelweiss offers both online and offline services through 475+ branches in 200 locations as of May 2020. Edelweiss also offers Relationship Manager Services for trading assistance.
- Customer Education
  Zerodha offers a free customer education portal whereas in Edelweiss Investology each course is charged at Rs 100 per course.
- Direct Mutual Funds
  Zerodha offers direct mutual funds that deliver 1 to 2% higher returns than regular funds. Edelweiss offers regular mutual funds only.
Conclusion

For customers who need personalized services, hand-holding and research, Edelweiss is a good choice. Zerodha is a next-generation broker with a high technology focus, strong management and clear business strategies.
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