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Zerodha Vs Edelweiss – Which One Is Better? Side-By-Side Comparison

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Zerodha Vs Edelweiss – Comparison:

Assessing Zerodha vs Edelweiss in terms of all product-wise details which are essential for every investor we get the detailed study.  In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

On the other side, Edelweiss is also a full-service broker organization. Listed under BSE, NSE, AMFI, MCX & NCDEX, it is also a premier brand in the stockbroking industry.

Incorporated in 2008 it has a global presence with 475 branches in 200 cities with more than 15lakhs customers.

Notable Features: 

Zerodha

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.
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Edelweiss:

  1. 3-in-1 account facility is not available.
  2. They have a commodity trading facility.
  3. The dedicated research platform.
  4. NRI & Marginal trading available.
  5. A minimum brokerage charge is applicable.
Zerodha Vs Edelweiss
Zerodha Vs Edelweiss

Zerodha Vs Edelweiss Overall Company Details: 

Comparing Zerodha vs Edelweiss based on overall customer service we derived the below-mentioned details.

Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

OverviewZerodhaEdelweiss
Company TypePrivatePublic
Broker TypeDiscount BrokerFull-Service Broker
HeadquartersBangalore, IndiaMumbai, India
FounderNithin KamathRashesh Shah
Established Year20102008

Comparison on Customer Ratings:

Comparing Zerodha vs Edelweiss based on Customer Ratings we get this information. Here we can see that regarding experience & research work, Edelweiss is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.

Customer RatingsZerodhaEdelweiss
On Experience5.7 out of107.0 out of 10
On Products & Services8.5 out of 107.5 out of 10
On Brokerage Charges & Fees9.5 out of 106.5 out of 10
On Stock Research & Advisory4.0 out of 108.0 out of 10
On Trading Platforms9.0 out of 107.5 out of 10
On Overall Ratings7.4 out of 107.3 out of 10
On Star Ratings★★★★★★★★★☆

Comparison on AOC & AMC: 

Here we have compared Zerodha vs Edelweiss based on account opening charge & account maintenance charge.

Here we can see from the below contrast that Zerodha offers free AMC on the trading account along with zero margin money criteria. Whereas, Edelweiss provides free trading AMC only. 

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Demat ServicesZerodhaEdelweiss
Depository SourceFor Zerodha: CDSLFor Edelweiss: NSDL & CDSL
Account Opening Charges300 Rupees750 Rupees
Demat AMC Charges300 Rupees per AnnumFree or 300 Rupees per Annum
Trading AMC ChargesFree of costFree of cost
Margin MoneyZeroMinimum Rs.25,000
Offline to OnlineNoNo

Zerodha Vs Edelweiss Brokerage Charge:

Contrasting Zerodha vs Edelweiss based on Brokerage Charge we get the below details. Here we can see that Edelweiss offers a percentage based brokerage charge structure.

While Zerodha has a very economical flat fee-based brokerage charge. Edelweiss charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha.

Brokerage Charge & FeesZerodha Brokerage Edelweiss Brokerage
Equity Delivery TradingZero0.55%
Equity Intraday TradingRs.200.04%
Commodity Options TradingRs.20NA
Equity Futures TradingRs.200.04%
Equity Options TradingRs.20 per LotRs.120 per Lot
Currency Futures TradingRs.200.035%
Currency Options TradingRs.20 per LotRs.30 per Lot
Minimum BrokerageZeroPercentage of Transaction
Demat AMC ChargesRs.300 per AnnumFree or Rs.300 per Annum
Trading AMC ChargesFreeFree
Margin MoneyZeroMinimum Rs.25,000

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs Edelweiss as below.

We can see that both the broker share a similar charge structure other than the transaction charge criteria. The Charge of Edelweiss in the transaction charge part is lesser than Zerodha. 

Other ChargesZerodhaEdelweiss
Transaction Charges0.00325% of Total amount of Turnover0.00275% of Total amount of Turnover
STT0.0126% of Total amount of Turnover0.0126% of Total amount of Turnover
SEBI Turnover Charges0.0002% of Total amount of Turnover0.0002% of Total amount of Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Total amount of Transaction Charges)18% of (Brokerage + Total amount of Transaction Charges)

Comparison on Offers: 

Contrasting Zerodha vs Edelweiss we get the below comparison on offers. We here can see that in terms of offers Edelweiss is a step ahead of Zerodha for offering more offers.

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OffersZerodhaEdelweiss
Free Demat Account facility
Free Trading Account facility
Discount on Brokerage facility
Trading Happy Hours service
Flexible Brokerage Plans facility
1 Month Brokerage Free facility
Holiday Offers facility
Referral Offers facility
Zero Brokerage for Loss Making Trades

Zerodha and Edelweiss Services Offered: 

Comparing Zerodha and Edelweiss based on their service offering we derived the below comparison. These services always provide you a better trading experience.

ServicesZerodhaEdelweiss
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 25x

Zerodha & Edelweiss Research & Advisory: 

Comparing Zerodha & Edelweiss based on their research & advisory offering we received the below comparison. Here we can see in the below table that Edelweiss offers different advisory supports, where Zerodha doesn’t provide any.

Research & AdvisoryZerodhaEdelweiss
Fundamental Reports
Research Reports
Company Reports
Annual Reports
Company Stock Review
Free Stock Tips
IPO Reports
Top Picks
Daily Market Review
Monthly Reports
Weekly Reports
Offline Advisory
Relationship Manager

Zerodha Vs Edelweiss Margin/ Exposure/ Leverage

Considering Zerodha vs Edelweiss based on product-wise leverage we get the below details. Almost all the margin charges are different in these broking organizations.

Exposure / LeverageZerodha MarginEdelweiss Margin
Equity DeliveryMaximum 20xMaximum 15x
Equity IntradayMaximum 28xMaximum 25x
Equity FuturesMaximum 15xMaximum 15x
Equity OptionsMaximum 8xMaximum 10x
Currency FuturesMaximum 12xMaximum 12x
Currency OptionsMaximum 8xMaximum 10x
CommoditiesMaximum 17xMaximum 15x

Comparison of Products: 

Comparing Zerodha vs Edelweiss based on their product offering we derived the below comparison.

We can see in this below comparison that Edelweiss offered to trade in, Mutual funds, insurance & SIP which is not assured by Zerodha. Conversely Zerodha facilitates trading in the commodity that is not offered by Edelweiss. 

ProductsZerodhaEdelweiss
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Zerodha Vs Edelweiss Trading Platforms: 

Because of the trading terminal offering of Zerodha vs  Edelweiss, we compared them as below. These trading platforms allow you to access your trading account from anywhere.

Trading PlatformsZerodha Trading Platforms Edelweiss Trading Platforms
Desktop Platform – Windows
Desktop Platform – Mac
Desktop Browser Platform
Mobile Site Platform
Android App Platform
iOS App Platform
Windows App Platform
Other Mobile OS Platform
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

Zerodha or Edelweiss Customer Support: 

Comparing customer assistance, we here have compared Zerodha or Edelweiss as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Edelweiss doesn’t facilitate offline trading. 

Customer SupportZerodhaEdelweiss
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number080-404020201800 102 3335
Email Support
Chat Support
Toll-Free Number1800 102 3335
BranchesZero102
Edelweiss Demat Account
Zerodha vs Edelweiss – Edelweiss Demat Account

Comparison of Grievances: 

Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Zerodha vs Edelweiss based on their customer complaint handling in the below table. 

Complaints (Current Year)ZerodhaEdelweiss
Lodged in BSE120212
Resolved in BSE117207
Lodged in NSE89133
Resolved in NSE85119

Zerodha Call Back Request

Edelweiss Call Back Request

Conclusion:

Finally, we can conclude that Edelweiss (full-service broker) has a huge offering for its customers just like its market reputation.

But Zerodha (discount broker) offers lower charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Edelweiss as per his need only.

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