Edelweiss is an India based broking company that was formed in the year 2008. It has its headquarters in Mumbai and more than 500 offices in more than 200 locations across the country. Edelweiss provides financial services such as Mutual Funds, Debt, Equity IPOs, Currency Derivatives, commodities, and Futures Options.
The Edelweiss Broking Ltd is an important part of the Edelweiss Group which is a huge financial service providing company. The company was founded to cater to the market need of a good stockbroking service provider and it has been successful in doing so for years since its inception.
It has won awards like Best Broker in India at Finance Asia, Country Awards in 2016, and National Digital Marketing Awards, in 2017 for its excellent performance in the financial sector. Edelweiss is registered with BSE, NSE, and MCX in the country for trading and broking purposes.
The company offers discount brokerage plans, with a fixed brokerage amount. These services are often accompanied by the research of market trends, trading options, and trading suggestions, which are free and hence it has become quite popular with new and old investors and traders.
Edelweiss can be accessed through a website and an application that can be downloaded from Google PlayStore for free. Moreover, Edelweiss also offers an installable software named Xtreme Trader through which, trading can be carried on with ease.
- At Edelweiss, the account opening is a simple activity. A phone call to the efficient customer care team can lead to a hassle-free opening of the account. The company provides free services related to the opening of accounts for the purposes of trading as well as Demat accounts. The charges for Annual Maintenance of a Demat Account is nominal which Rs 500 for a year. The first year of account opening has been made free and no AMC charges have to be given in that period.
- Edelweiss offers three types of brokerage plans namely Edelweiss Lite, Edelweiss Elite, and Advance Subscription Plans. The Edelweiss Lite is a discount brokerage plan which offers a flat Rs 10 per order as brokerage and includes trading in equity delivery, intraday, F & O, and currency derivates, but this package is recommended to people who are quite well versed with trading and requires minimal support. Then again, Edelweiss Elite is a full-service brokerage plan where charges differ for each service like 0.30% for equity delivery, 0.03% for equity intraday and futures, Rs75 per lot for equity options, 0.02% for currency futures, and Rs 20 per lot for currency options. This package also includes dedicated support from relationship managers, offline trading and research, recommendations on stocks & trading. The Advance Subscription Plan is a prepaid package where the trader has to pay a certain sum of money for a year at the start of the subscription. In this package, a very low brokerage is charged and training and free research, suggestions on trading & stocks are provided by the company for the subscribers.
- The company has got not only online but a huge offline network through its offices across the country o facilitate trading with trained relationship managers to cater to all the needs of the traders.
Edelweiss is India’s most successful and leading financial service provider. It provides financial services and products to both investors and traders. Its offerings are usually focused on customer needs and requirements.
The organization generally specializes in delivering premium services so that clients can comfortably meet their financial objectives.
It’s one of the finest brokerage companies that not only provide brokerage services but also offers consultancy and testing facilities.