Is Edelweiss a Discount Broker?

Edelweiss is traditionally a full-service broker offering personalized services since 2006. To compete with discount brokers, Edelweiss launched online trading at ultra-low brokerage (i.e. Rs 10 per executed order) with limited or no personal support like discount brokers.

Edelweiss offers 2 brokerage plans;

1. Edelweiss Lite (Discount) is a fixed brokerage plan (Rs 10/order) for online trading only.
2. Edelweiss Elite (Full-service) is a traditional % based brokerage plan with personalized services. This plan offers a wide range of services including research, advisory, relationship managers, PMS, local branch support,

Read Discount Broker vs Full-Service Broker in India

Discount Stock Broker

A discount stock broker has the following key features:

• Services limited to broking. No research & advisory.
• Offers its services online.
• Offers a flat, fixed fee brokerage plan.
• Limited physical presence.

Zerodha, 5paisa and Prostocks etc., are some of the popular discount stock brokers in India.

Full-service Stock Broker

A full-service stock broker has the following features:

• Offers both online and offline services
• Offers research advisory and other investment services
• Offer percentage based brokerage plans
• Branch offices at multiple locations
• Dedicated RM support

Popular full-service stock brokers in India include ICICI Direct, HDFC Sec and SBI Capital.