Nuvama (Edelweiss )
Nuvama (Edelweiss) Review
Incorporated in 2008, Edelweiss Broking Ltd. is a Mumbai, India based full- service stock brokerage firm. The stockbroker is a part of Edelweiss Group, incorporated in 1995, a leading diversified financial services conglomerate.
Edelweiss Group has a strong presence across India with over 475 offices in 200 locations. It has 11,938 employees catering to over 12 lakh clients across various businesses. Company has over 0.3 million of active client base and ₹ 1.5 trillion of client assets spread across wide number of active broking accounts as of March 31, 2022.
The Retail Broking business of Edelweiss offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities and Futures & Options. As per, Edelweiss Broker Review rated out of 10.
Edelweiss stockbroker has won many awards for its services and the use of technology. They also provide investment advice backed by research and analysis to its customers across asset classes, trading styles & time horizons.
Edelweiss has the best array of trading platforms available for all mediums (Mobile app, a website & desktop trading software). All trading platforms are equally good & easy to understand, with the Edelweiss Mobile Trader app being the highest rated app (latest Review) in India.
Some of the major awards won in recent times include ABP BFSI Awards 2017, National Digital Marketing Awards, 2017 and Best Broker in India at Finance Asia (Hongkong) Country Awards 2016 and BBC Knowledge.
Edelweiss Trading Platform Review
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Edelweiss Mobile Trader ( EMT )
Mobile Trader is an award-winning, 4.6 rated full-fledged smartphone trading app which is available to all users for free. With this just one app, you can track markets, transact and monitor, all on a single platform.
It offers trading capabilities (trade or Invest on NSE, BSE in Equities, Derivatives, commodities, Currency, Mutual Funds, NCDs, and Bonds) to Edelweiss clients with advanced features like-
- Comprehensive market information
- Real-time data across exchanges NSE, BSE & MCX for all users for free
- Live news on the app before on TV
- Stock screeners available to filter stocks as per your defined metrics
- Advanced charting with over 17 Technical indicators and Drawing Tools
- Secure fund transfer facility along with UPI
- Create Customized watch list up to 100 stocks
- Monitor profit & loss of your open positions from anywhere
- Invest in mutual funds including tax saver ELSS funds from the same app
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Trading Website
Edelweiss.in is a free online trading platform offering trading and investment services across multiple financial products like equity and equity derivatives, commodity derivatives and mutual funds.
This website is for avid investors as it allows for portfolio tracking, the latest news on assets and an instant fund transfer facility leveraging the latest technologies.
In this trading platform, we get Portfolio Organizer wherein we can manage & track all your portfolios across brokers in one place. Along with that, Guided Portfolios allows you to achieve your investment goals, be it with starting an SIP for tax savings or planning for your children’s education, even if you don’t have much knowledge about markets or don’t have enough time.
Similarly, SmallCase on Edelweiss.in is a thematic investment offering, which enables investors to invest in equity baskets across various ideas and themes.
Over and above all, a detailed Reporting section empowers traders and investors to view reports across trade, holdings, P&L, tax and charges, thus providing them with a one-stop-shop for all of their needs.
This website is available for free to all its customers.
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TX3 (Trading Terminal)
TX3 is an ‘Installable Desktop Trading Software/Terminal‘ that offers advanced trading and analytical features to the traders. It is the only advanced desktop trading software which allows you to use all its features for free, these are the features that are generally available at a cost in the industry. Terminal X3 brings the best of speed, analytics, charting & other amazing features on the most comprehensive trading platform
- Comprehensive Market Information- Get In-depth market analysis across different markets with data on the advance-decline ratio, trends in FII and DII flow, sector performance, seasonality analysis top gainer & losers, detailed stock quotes, open interest analysis and option chain etc.
- Advanced Charting- Get real-time streaming charts with over 60+ technical indicators and drawing tools. View 15 years of historical EOD and 1 year of intraday trading data.
- Multiple Reports- View & Download various reports like Ledger, transaction history, P&L, Contract notes and statements, DP bills etc.
- Market Eye Live- A live market tracker that will update whenever a stock hits High/Low or Resistance/Support levels.
- Live News- Get access to live news to help you gain from every available profitable market opportunity
- Useful Tools- Get access to tools like events calendar, options calculator with what-if analysis and alerts to make informed decisions.
- Customization- Multiple widgets and other customization options to design the workspace as per your trading needs.
Account Offered
Edelweiss broker offers offline & online account opening process . You can request a call back just by filling up the contact form.
Edelweiss broker offers 2 type broking account to its customers. The plans are-
1. Lite Plus
‘Light on pocket, rich on features‘ For Lite Plus plan, the brokerage applicable to equity cash (Delivery) and Futures & Options orders will be determined by taking 2% of the value or the maximum order amount, which is ₹20 per order, whichever is lower
2. Elite
‘Rich on features, high on privileges‘ For Elite plan, equity Cash transactions brokerage rates shown above are additionally subject to a minimum brokerage rate. Final brokerage will be calculated as the maximum between existing brokerage rate as per plan and a minimum brokerage rate. This minimum brokerage rate is the lower between ₹25 and 2.5% of transaction value.
Brokerage Charges
| Nuvama Charges | Lite Plus | Elite |
|---|---|---|
| Equity Delivery | ₹20.00 / executed order | 0.300% |
| Equity Intraday | ₹20.00 / executed order | 0.030% |
| Equity Futures | ₹20.00 / executed order | 0.030% |
| Equity Options | ₹20.00 / executed order | ₹75.00 / lot |
| CUR Futures | ₹20.00 / executed order | 0.020% |
| CUR Options | ₹20.00 / executed order | ₹20.00 / lot |
| Commodity Delivery | 0.050% | 0.030% |
| Commodity Futures | 0.030% | 0.015% |
| Commodity Carry Forward Futures | 0.030% | 0.015% |
| Commodity Option Slab | ₹50.000 / lot | ₹30.000 / lot |
Transaction Charges
| Nuvama Charges | Lite Plus | Elite |
|---|---|---|
| Brokerage Equity Delivery | ₹20.00 / executed order | 0.300% |
| Brokerage Equity Intraday | ₹20.00 / executed order | 0.030% |
| Commodity Delivery | 0.050% | 0.030% |
| DP AMC | 1st Year Free / post ₹300 per annum | 1st Year Free / post ₹500 per annum |
Goods & Service Tax will be charged on Brokerage Amount, Transaction Charges and SEBI fees at prevailing rate which is currently 18.00% – w.e.f 01st July 2017.
Transaction Charges for “XC”,:XD”, & “XT” series in BSE will be Rs.10000/- Crore.
You can contact Nuvama through: Edelweiss Broking Ltd is a stock broker based in Mumbai and is part of the Edelweiss Group, which is involved in Insurance, Housing Finance, and Financial Markets. Edelweiss Broking provides trading services for stocks, currencies, futures and options, mutual funds, and IPOs. They also give investment advice to customers. The company has two brokerage plans: Edelweiss Lite, which charges a fixed fee of Rs 10 per order, and Edelweiss Elite, which charges a percentage based on the trade amount. Edelweiss has a great trading platform for its users, including the TX3 trading platform, the www.Edelweiss.in website, and a mobile app called Mobile Trader.
Customer Support
Overview
Specification: Nuvama (Edelweiss )
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Photos: Nuvama (Edelweiss )
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