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 INDmoney
Founded in 2019, INDmoney Private Limited is India's "Super Finance App" that helps you manage, plan and grow your money and all in one place. With INDmoney, you can track your entire family's finances, set savings goals and invest in various options like Indian stocks, US stocks, mutual funds, ETFs, fixed deposits, IPOs and more.
INDmoney is registered with SEBI as an investment advisor. INDmone...
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 2019, INDmoney is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE |
| Year of Incorporation | 2002 | 2019 |
| Number of Branches | 237 | 1 |
| Open INDmoney Account |
Nuvama (Edelweiss) trading account opening charges is Rs 0 (Free) while INDmoney account opening changes is Rs 0. Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free) and INDmoney Demat Account AMC Charges is Rs 0.
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| 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 0 |
Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order whereas INDmoney brokerage charges for equity is 0.05% of order value or Rs 20, whichever is lower and intraday is 0.05% of order value or Rs 20, whichever is lower.
| Account Type | Nuvama (Edelweiss) Nuvama Lite | INDmoney Standard Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 20 per executed order | 0.05% of order value or Rs 20, whichever is lower |
| Equity Intraday | Rs 20 per executed order | 0.05% of order value or Rs 20, whichever is lower |
| Equity Futures | Rs 20 per executed order | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order | |
| Currency Options | Rs 20 per executed order | |
| Commodity Futures | 0.030% | |
| Commodity Options | Rs 50 / lot | |
| 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. | Special Offer: Invest in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100. |
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| Account Type | Nuvama Elite | Standard Plan |
| Fixed Charges | NA | |
| Equity Delivery | 0.30% | 0.05% of order value or Rs 20, whichever is lower |
| Equity Intraday | 0.03% | 0.05% of order value or Rs 20, whichever is lower |
| Equity Futures | 0.03% | Rs 20 per executed order |
| Equity Options | Rs 75 per lot | Rs 20 per executed order |
| Currency Futures | 0.02% | |
| Currency Options | Rs 20 per lot | |
| Commodity Futures | 0.015% | |
| Commodity Options | Rs 30 / lot | |
| Open INDmoney Account |
| Minimum Brokerage | 0.03% Equity delivery, 0.01% Intra-day and Futures | Rs 2 |
| Other Charges | Margin Funding: 0.08%/day, Research: Rs 50 per month, | |
| Call & Trade Charges | Rs 20 per call | Rs 500 |
| Open INDmoney Account |
Nuvama (Edelweiss) margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the INDmoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| 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 INDmoney Account |
The trading platforms offered Nuvama (Edelweiss) include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress. INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| 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 | INDmoney App, INDstocks App and INDmoney Web Platform |
| Intraday Square-off Time | 3:00 PM | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open INDmoney Account |
Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
79 Customer Reviews  | 1 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 | INDmoney is Rated 4.0 / 5 based on 1 customer reviews |
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| 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 in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100. |
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open INDmoney Account |
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Nuvama (Edelweiss) | INDmoney | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Reviews | ||
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| INDmoney Special OfferFree stock trading and mutual funds Account
Limited-time offer! Open your instant INDmoney account (FREE) online and start trading today. |
| Open INDmoney Account |
Expand all
Open INDmoney Account