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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... 
About AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among the top 10 stock brokers in India with over 4.2 lakhs active customers.
AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home ...
Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 2002 | 2006 |
| Number of Branches | 237 | 56 |
| Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) trading account opening charges is Rs 0 (Free) while AxisDirect account opening changes is Rs 0. Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free) and AxisDirect Demat Account AMC Charges is Rs 750 (free for 1st year).
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 500 (1st Year Free) | Rs 750 (free for 1st year) |
Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order whereas AxisDirect brokerage charges for equity is 0.50% (Each Leg) and intraday is 0.05% (Each Leg).
| Account Type | Nuvama (Edelweiss) Nuvama Lite | AxisDirect Standard Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 20 per executed order | 0.50% (Each Leg) |
| Equity Intraday | Rs 20 per executed order | 0.05% (Each Leg) |
| Equity Futures | Rs 20 per executed order | 0.05% (Each Leg) |
| Equity Options | Rs 20 per executed order | Rs 20 Per Order |
| Currency Futures | Rs 20 per executed order | 0.03% (Each Leg) |
| Currency Options | Rs 20 per executed order | Rs 20 Per Order |
| Commodity Futures | 0.030% | 0.03% (Each Leg) |
| Commodity Options | Rs 50 / lot | Rs 50 per lot |
| Special Offer | Special Offer: Trade @ flat Rs 20 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Account Type | Nuvama Elite | Standard Brokerage Plan |
| Fixed Charges | NA | NA |
| Equity Delivery | 0.30% | 0.50% (Each Leg) |
| Equity Intraday | 0.03% | 0.05% (Each Leg) |
| Equity Futures | 0.03% | 0.05% (Each Leg) |
| Equity Options | Rs 75 per lot | Rs 20 Per Order |
| Currency Futures | 0.02% | 0.03% (Each Leg) |
| Currency Options | Rs 20 per lot | Rs 20 Per Order |
| Commodity Futures | 0.015% | 0.03% (Each Leg) |
| Commodity Options | Rs 30 / lot | Rs 50 per lot |
| Open Nuvama (Edelweiss) Account |
| Minimum Brokerage | 0.03% Equity delivery, 0.01% Intra-day and Futures | Rs 25 per trade |
| Other Charges | Margin Funding: 0.08%/day, Research: Rs 50 per month, | |
| Call & Trade Charges | Rs 20 per call | Rs 20 per call (First 20 calls free for a month) |
| Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the AxisDirect margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| 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 Nuvama (Edelweiss) Account |
The trading platforms offered Nuvama (Edelweiss) include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress | DirectTrade, Axisdirect Web, Axisdirect Mobile |
| Intraday Square-off Time | 3:00 PM | 3:15 |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews whereas AxisDirect is rated of 5 based on 89 customer reviews.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
79 Customer Reviews  | 89 Customer Reviews | |
| Fees |  |  |
| Brokerage | |  |
| Trading Platform |  |  |
| Customer Service |  |  |
| Research Capabilities |  | |
| Overall Rating |  | |
| Broker Rating | Nuvama (Edelweiss) is Rated 2.8 / 5 based on 79 customer reviews | AxisDirect is Rated 2.0 / 5 based on 89 customer reviews |
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Contact Broker | Trade @ flat Rs 20 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Nuvama (Edelweiss) Account |
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
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| Promo / Offers | Nuvama (Edelweiss) Special OfferTrade @ Rs 20 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)
It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes. | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
| Open Nuvama (Edelweiss) Account |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Nuvama (Edelweiss) Account
