Edelweiss Broking is a full-service stockbroking company with two separate plans, the Lite Plan with flat Rs. 10 brokerage and Elite Plan where brokerage is collected on a percent basis.
On the other hand, Zerodha is a discount stockbroking company with Rs. 20 fees for trading in most of the asset class except delivery trades. The delivery trades are free at Zerodha.
In the article, you will get a complete side-by-side evaluation of both the brokers. Here is the list of key differences:
Edelweiss vs Zerodha
|Can trade-in||Stocks, Equity F&O, and Currency F&O||Stocks, Equity F&O, Currency F&O and Commodity F&O, Bonds, and Govt-Securities|
|Brokerage Charges||Details for Edelweiss Lite Plan||Details for Zerodha Plan|
|Equity Delivery||Rs. 10 per executed order||Rs. 0|
|Equity Intraday||Rs. 10 per executed order||Lower of Rs. 20 per executed order or 0.03%|
|Equity Futures||Rs. 10 per executed order||Lower of Rs. 20 per executed order or 0.03%|
|Currency Futures||Rs. 10 per executed order||Lower of Rs. 20 per executed order or 0.03%|
|Commodity Futures||N.A||Lower of Rs. 20 per executed order or 0.03%|
|Equity Options||Rs. 10 per executed order||Rs. 20 per executed order|
|Currency Options||Rs. 10 per executed order||Lower of Rs. 20 per executed order or 0.03%|
|Commodity Options||N.A.||Lower of Rs. 20 per executed order or 0.03%|
|Charges for Call and Trade||Free||Rs. 20 per order|
|Margin for Intraday||10 times||3 to 12.5 times depending on the scrip|
|Account Opening Charges||Edelweiss Broking Lite Plan||Zerodha|
|Demat & Trading Account||Rs. 0||Charges for Demat & Trading account is clubbed – Rs.200|
|Demat AMC Fees||First Year – FreeSecond Year onwards – Rs. 300||Rs. 300|
|Commodity Account||N.A.||Rs. 100|
|Apply Now||Open Edelweiss Account||Open Zerodha Account|
Read further to know more about the brokerages, margins, and charges of both the broking companies.
Zerodha Demat Account
Zerodha is a discount broker with the largest active client base in India. At Zerodha, you can invest in stocks, derivatives, mutual funds, currency, and bonds.
Zerodha has a whole ecosystem of trading platforms like KIte 3.0, Zerodha PI, and Kite mobile apps.
Zerodha Varsity provides free and open market education to all. New investors can also gain knowledge and ideas on their Trading QnA portal.
The discount broking model is based on technology platforms, flat charges, and minimal support.
At Zerodha you will not have different brokerage plans, one just has to pay a maximum of Rs. 20 irrespective of the trading volume.
|Trading Type||Brokerage Charges|
|Equity Delivery||Rs. 0|
|Equity Intraday||Lower of Rs. 20 per executed order or 0.03%|
|Equity Futures||Lower of Rs. 20 per executed order or 0.03%|
|Equity Options||Rs. 20 per executed order|
|Currency Futures and Options||Lower of Rs. 20 per executed order or 0.03%|
|Commodity F&O||Lower of Rs. 20 per executed order or 0.03%|
Any additional service/ product offerings like stock reports, PI Bridge, screeners, Sensibull, and Smallcase are paid services. Below is the screenshot showing details of the charges:
Zerodha offers margin/ leverage on Margin Intraday Square off (MIS), Cover Orders (CO), and Bracket Orders (BO) products.
The Margin for Intraday (MIS) is as under –
|Equity Delivery||No Margin|
|Intraday Equity||3 to 12.5 times depending on the scrip|
|Index Futures||Margin required is 35% of the normal margin (NRML)|
|Equity Futures||Margin required is 45% of the normal margin (NRML)|
|Index Option Writing||Margin required is 35% of the normal margin (NRML)|
|Stock Option Writing||Margin required is 45% of the normal margin (NRML)|
|Currency Futures & Option Writing||50% of the normal margin (NRML)|
|Commodity Futures & Option Writing||50% of the normal margin (NRML)|
If you are looking for an intraday margin for MIS trades then you can find them on Margin Calculator.
But, looking for CO/BO margins on the Zerodha website is a waste of time because Zerodha does not share the BO/CO margin details. Instead, one can use the BO&CO margin calculator.
For example, the CO margins for selling 10,000 stocks of Asian Paints you need to indicate the quantity, price, and stop-loss price in the calculator.
On clicking “Calculate” the BO&CO calculator will provide the margin details on the top right-hand corner.
Account Opening Charges
Below are the charges related to opening an account online;
|Trading and Demat account opening charges||Rs. 200|
|Commodity Account||Rs. 100|
|Trading account annual maintenance charges||Rs. 0|
|Demat account annual maintenance charges||Rs. 300|
Zerodha has a facility to open an account offline, but you need to pay Rs. 300 for it.
If you have an existing banking relationship with IDFC First Bank then you should go for opening a Zerodha IDFC First Bank 3-in-1 account.
Zerodha is best for regular traders who don’t need a large margin and don’t want to pay high brokerage.
- No brokerage charges for delivery
- Fixed & low brokerage irrespective of trade volume
- No minimum balance required to open and maintain the account
- Frequent delays and service down during trading hours
- The margin provided is low as compared to other discount brokers
- Does not upfront discloses margin for CO & BO trades
Edelweiss Demat Account
Edelweiss broking is a subsidiary of Edelweiss Financial Services Limited with 200 offices across India.
At Edelweiss you can trade/ invest in shares, derivatives (F&O), mutual funds, insurance Gold ETF, and IPO.
However, the full-service broking company has limited other value-added services that are restricted to Portfolio organizer, guided investing, research advisory, and stock recommendations.
Edelweiss has a strong team of 11,938 finance professionals that serves over a million clients.
Edelweiss has two brokerage plans on two different broking models – the Lite Plan which is like a discount brokerage offered by Zerodha.
The Edelweiss Elite Plan charges a percentage of turnover, which is similar to other full-service broking.
|Particulars||Edelweiss Lite||Edelweiss Elite|
|Equity Delivery||Rs. 10 per executed order||0.30%|
|Equity Intraday||Rs. 10 per executed order||0.03%|
|Equity Futures||Rs. 10 per executed order||0.03%|
|Equity Options||Rs. 10 per executed order||Rs. 75 per lot|
|Currency Futures||Rs. 10 per executed order||0.02%|
|Currency Options||Rs. 10 per executed order||Rs. 20 per lot|
Edelweiss gives you the flexibility to switch between Lite and Elite accounts. It charges Rs. 0 when you switch from Lite to Elite and a fee of Rs. 2500 when you switch from the Elite to the Lite Plan.
Finding margin details on the Edelweiss website is hard, it does not disclose the leverage details upfront.
Following are the margin details that I could collect from the Edelweiss website:
|Equity Intraday (MIS)||Up to 10 times|
|Equity Intraday (CO)||Up to 80 times|
The exact margin details can be found under the “Buy/ Sell” > “Funds Available” Tab.
Account Opening Charges
The Elite account has no charges associated with AMC and account opening.
|Particulars||Edelweiss Lite||Edelweiss Elite|
|Account Opening||Rs. 0||Rs. 0|
|AMC Charges||First Year – Free|
Second Year onwards – Rs. 300
#1. Terminal X3 (TX3)
Edelweiss Terminal X3 is also known as TX3. TX3’s main home can have multiple screens that help you trade multiple assets.
The terminal is a desktop-based trading platform that is loaded with tools like data analytical tools and 60+ advanced indicators that help you in trading and making strategy.
#2. Edelweiss Mobile Trader
Edelweiss mobile trader app is a mobile-based trading platform that helps you trade on the go. The app provides dedicated sections for equity, derivatives, and commodity markets
Edelweiss mobile trader app is compatible with Android and iOS smartphones.
On the app you can view multiple chart types like:
- Heiken Ashi
- Points & Figure
- OHLC (open, high, low and close) charts
Edelweiss broking account is good for traders who want to test both the flat and percentage-based brokerages and pick the best for them.
- 80 times margin for CO Equity Intraday trades
- Flexibility to switch between Lite and Elite account
- Rs. 10 brokerages under Lite plan
- Zero AMC and account opening under Elite account
- Rs. 2,500 switch charges (from Elite to Lite Plan)
- Does not discloses all the margin details upfront
Edelweiss’s Demat & trading account is for traders who want to have benefits of both the world (discount and full-services).
I mean if you are not able to make up your mind then you can choose any of its plans (Lite/ Elite). Edelweiss gives you the flexibility to move between both the plans.
Whereas, Zerodha is for self-directed traders who need minimal trading support and are happy with low brokerage fees and average margins.