About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03... 
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...
Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
| Type of Broker | Discount Broker | Full Service Broker |
| Exchnage Membership | NSE, BSE, MCX and NCDEX | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 2010 | 2002 |
| Number of Branches | 22 | 237 |
| Open Zerodha Account |
Zerodha trading account opening charges is Rs 0 while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). Zerodha Demat Account AMC Charges is Rs 300 and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 300 | Rs 500 (1st Year Free) |
Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.
| Account Type | Zerodha Flat Brokerage Plan | Nuvama (Edelweiss) Nuvama Lite |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 (Free) | Rs 20 per executed order |
| Equity Intraday | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
| Equity Futures | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or .03% whichever is lower | 0.030% |
| Commodity Options | Rs 20 per executed order | Rs 50 / lot |
| Special Offer | Special Offer:
₹0 Brokerage on Equity Delivery & Mutual Funds
India’s most trusted trading platform 💹 🔓 Open Account – FREE⏱ 5 min | 100% Online | Paperless | 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 | Nuvama (Edelweiss) | |
|---|---|---|
| Account Type | Flat Brokerage Plan | Nuvama Elite |
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 (Free) | 0.30% |
| Equity Intraday | Rs 20 per executed order or .03% whichever is lower | 0.03% |
| Equity Futures | Rs 20 per executed order or .03% whichever is lower | 0.03% |
| Equity Options | Rs 20 per executed order | Rs 75 per lot |
| Currency Futures | Rs 20 per executed order or .03% whichever is lower | 0.02% |
| Currency Options | Rs 20 per executed order | Rs 20 per lot |
| Commodity Futures | Rs 20 per executed order or .03% whichever is lower | 0.015% |
| Commodity Options | Rs 20 per executed order | Rs 30 / lot |
| Open Zerodha Account |
| Minimum Brokerage | 0.03% in Intraday and F&O | 0.03% Equity delivery, 0.01% Intra-day and Futures |
| Other Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | Margin Funding: 0.08%/day, Research: Rs 50 per month, |
| Call & Trade Charges | Rs 50 per executed order | Rs 20 per call |
| Open Zerodha Account |
Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nuvama (Edelweiss) margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
| 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 Zerodha Account |
The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Kite Web, Kite Mobile for Android/iOS and Coin | Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress |
| Intraday Square-off Time | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | 3:00 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Direct Mutual Funds, APIs for Algo Trading | |
| Open Zerodha Account |
Zerodha is rated of 5 based on 492 customer reviews whereas Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews.
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
492 Customer Reviews  | 79 Customer Reviews | |
| Fees |  |  |
| Brokerage |  | |
| Trading Platform | |  |
| Customer Service | |  |
| Research Capabilities |  |  |
| Overall Rating | | |
| Broker Rating | Zerodha is Rated 3.6 / 5 based on 492 customer reviews | Nuvama (Edelweiss) is Rated 2.8 / 5 based on 79 customer reviews |
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
| Contact Broker |
₹0 Brokerage on Equity Delivery & Mutual Funds
India’s most trusted trading platform 💹 🔓 Open Account – FREE⏱ 5 min | 100% Online | Paperless | 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 | Nuvama (Edelweiss) | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Zerodha Account |
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Zerodha | Nuvama (Edelweiss) | |
|---|---|---|
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| Promo / Offers | Zerodha Special OfferFree Stock Trading and Mutual Funds
Limited-time offer! | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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| Open Zerodha Account |
Edelweiss is a full-service stock broker whereas Zerodha is an online discount broker. Edelweiss also offers a no-frill discount brokerage plan (Rs 10 per trade) which is similar to Zerodha's brokerage plan (Rs 20 per trade). The Edelweiss plan is 50% cheaper which makes it more economical then Zerodha.
Edelweiss Vs Zerodha Similarities
Edelweiss Vs Zerodha Differences
Equity delivery trades are free on Zerodha whereas Edelweiss charges brokerage on all types of trades.
Edelweiss doesn't offer commodity trading whereas Zerodha offers commodity trading.
Edelweiss offers research services whereas Zerodha doesn't offer research services. Research services are free on Edelweiss Elite plan and are chargeable at Rs 50 per month on the Edelweiss Lite plan (Rs 10 per trade brokerage).
Zerodha offers its services online only. Edelweiss offers both online and offline services through 475+ branches in 200 locations as of May 2020. Edelweiss also offers Relationship Manager Services for trading assistance.
Zerodha offers a free customer education portal whereas in Edelweiss Investology each course is charged at Rs 100 per course.
Zerodha offers direct mutual funds that deliver 1 to 2% higher returns than regular funds. Edelweiss offers regular mutual funds only.
Conclusion
For customers who need personalized services, hand-holding and research, Edelweiss is a good choice. Zerodha is a next-generation broker with a high technology focus, strong management and clear business strategies.
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