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.
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
- 3-in-1 account facility is not available.
- They have a commodity trading facility.
- The dedicated research platform.
- NRI & Marginal trading available.
- A minimum brokerage charge is applicable.
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.
|Broker Type||Discount Broker||Full-Service Broker|
|Headquarters||Bangalore, India||Mumbai, India|
|Founder||Nithin Kamath||Rashesh Shah|
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.
|On Experience||5.7 out of10||7.0 out of 10|
|On Products & Services||8.5 out of 10||7.5 out of 10|
|On Brokerage Charges & Fees||9.5 out of 10||6.5 out of 10|
|On Stock Research & Advisory||4.0 out of 10||8.0 out of 10|
|On Trading Platforms||9.0 out of 10||7.5 out of 10|
|On Overall Ratings||7.4 out of 10||7.3 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.
|Depository Source||For Zerodha: CDSL||For Edelweiss: NSDL & CDSL|
|Account Opening Charges||300 Rupees||750 Rupees|
|Demat AMC Charges||300 Rupees per Annum||Free or 300 Rupees per Annum|
|Trading AMC Charges||Free of cost||Free of cost|
|Margin Money||Zero||Minimum Rs.25,000|
|Offline to Online||No||No|
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 & Fees||Zerodha Brokerage||Edelweiss Brokerage|
|Equity Delivery Trading||Zero||0.55%|
|Equity Intraday Trading||Rs.20||0.04%|
|Commodity Options Trading||Rs.20||NA|
|Equity Futures Trading||Rs.20||0.04%|
|Equity Options Trading||Rs.20 per Lot||Rs.120 per Lot|
|Currency Futures Trading||Rs.20||0.035%|
|Currency Options Trading||Rs.20 per Lot||Rs.30 per Lot|
|Minimum Brokerage||Zero||Percentage of Transaction|
|Demat AMC Charges||Rs.300 per Annum||Free or Rs.300 per Annum|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Minimum 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.
|Transaction Charges||0.00325% of Total amount of Turnover||0.00275% of Total amount of Turnover|
|STT||0.0126% of Total amount of Turnover||0.0126% of Total amount of Turnover|
|SEBI Turnover Charges||0.0002% of Total amount of Turnover||0.0002% of Total amount of Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% 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.
|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.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 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 & Advisory||Zerodha||Edelweiss|
|Company Stock Review||✖||✔|
|Free Stock Tips||✖||✖|
|Daily Market Review||✖||✔|
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 / Leverage||Zerodha Margin||Edelweiss Margin|
|Equity Delivery||Maximum 20x||Maximum 15x|
|Equity Intraday||Maximum 28x||Maximum 25x|
|Equity Futures||Maximum 15x||Maximum 15x|
|Equity Options||Maximum 8x||Maximum 10x|
|Currency Futures||Maximum 12x||Maximum 12x|
|Currency Options||Maximum 8x||Maximum 10x|
|Commodities||Maximum 17x||Maximum 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.
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 Platforms||Zerodha 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||✖||✖|
|Online MF Buy||✔||✔|
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.
|Support Number||080-40402020||1800 102 3335|
|Toll-Free Number||✖||1800 102 3335|
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)||Zerodha||Edelweiss|
|Lodged in BSE||120||212|
|Resolved in BSE||117||207|
|Lodged in NSE||89||133|
|Resolved in NSE||85||119|
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.