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 a... 
About Dhan
Incorporated in 2021, Dhan is a Mumbai-based financial services company operating primarily in India. In today's fast-paced world, every second or third person is looking for effective investment options to create wealth, and Dhan is committed to providing these options.
Dhan is registered with SEBI as a stockbroker. In addition, Dhan is also registered with CDSL as well as NSE, BSE and MCX stock...
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 2021, Dhan is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 2002 | 2021 |
| Number of Branches | 237 | 1 |
Nuvama (Edelweiss) trading account opening charges is Rs 0 (Free) while Dhan account opening changes is Rs 0 (Free). Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free) and Dhan Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 500 (1st Year Free) | Rs 0 (Lifetime Zero AMC) |
Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order whereas Dhan brokerage charges for equity is Rs. 0 and intraday is Rs 20 or 0.03% of trade value, whichever is lower.
| Account Type | Nuvama (Edelweiss) Nuvama Lite | Dhan Flat Rate Plan |
|---|---|---|
| Fixed Charges | NA | Rs 0 or Nill |
| Equity Delivery | Rs 20 per executed order | Rs. 0 |
| Equity Intraday | Rs 20 per executed order | Rs 20 or 0.03% of trade value, whichever is lower |
| Equity Futures | Rs 20 per executed order | Rs 20 or 0.03% of trade value, whichever is lower |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order | Rs 20 per executed order or 0.03% of trade value |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | 0.030% | Rs 20 or 0.03% of trade value, whichever is lower |
| Commodity Options | Rs 50 / lot | Rs 20 per executed order |
| Special Offer | 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. | 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) | Dhan | |
|---|---|---|
| Account Type | Nuvama Elite | Flat Rate Plan |
| Fixed Charges | NA | Rs 0 or Nill |
| Equity Delivery | 0.30% | Rs. 0 |
| Equity Intraday | 0.03% | Rs 20 or 0.03% of trade value, whichever is lower |
| Equity Futures | 0.03% | Rs 20 or 0.03% of trade value, whichever is lower |
| Equity Options | Rs 75 per lot | Rs 20 per executed order |
| Currency Futures | 0.02% | Rs 20 per executed order or 0.03% of trade value |
| Currency Options | Rs 20 per lot | Rs 20 per executed order |
| Commodity Futures | 0.015% | Rs 20 or 0.03% of trade value, whichever is lower |
| Commodity Options | Rs 30 / lot | Rs 20 per executed order |
| Minimum Brokerage | 0.03% Equity delivery, 0.01% Intra-day and Futures | Rs 20 |
| Other Charges | Margin Funding: 0.08%/day, Research: Rs 50 per month, | |
| Call & Trade Charges | Rs 20 per call | Rs 50 per order |
Nuvama (Edelweiss) margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Dhan margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
| 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) |
The trading platforms offered Nuvama (Edelweiss) include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress. Dhan offers Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API trading software.
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
| 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 | Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API |
| Intraday Square-off Time | 3:00 PM | 3:20 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | APIs for Algo Trading, smallcases on Dhan | |
Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews whereas Dhan is rated of 5 based on 30 customer reviews.
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
79 Customer Reviews  | 30 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 | Dhan is Rated 3.1 / 5 based on 30 customer reviews |
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
| Contact Broker | 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. | 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) | Dhan | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Nuvama (Edelweiss) | Dhan | |
|---|---|---|
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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