March 5, 2011 by akhilendra
Edelweiss Review
Coal india IPO, which came recently was the one of the most anticipated IPO in Indian stock market history. It was oversubscribed many times and it attracted a lot of new customers. These customers were queuing up at the front of brokerage firms.
Today i am going to review Edelweiss Brokerage. They have been in the industry for last 15 years but in the field of online trading, they are relatively new. Especially when comparing with few old peers like Sharekhan, ICICI Direct etc. Edelweiss has existed as Edalcap in the field of offline brokerage. Edelweiss group is very good in their stock picks and recommendations. This is their biggest USP. Their website is sleak and very light. Navigating from one section to another section doesn’t take much time. Trading panel view is very simple and one can be familiar with this in a very short span of time.
Cash, F&O, Currency and commodities section are present in different tabs and it is quite easy to work in them. Their brokerage charges are;
| Standard plan | |
| Cash Delivery | 0.5%( Min ` 0.05 ) |
| Cash Intraday | 0.05% ( Min ` 0.05 ) |
| Futures | 0.05%( Min ` 0.01 ) |
| Options | 2.5%( Min ` 90 ) |
I am not sure if they are cheapest one in market or not, but i think, there are other players who offer more economical services. Other groups are also quite aggressive in their marketing, but edelweiss has been working silently in increasing their presence in the sector. They also offer monthly investment baskets; these are very helpful for amateur investors who want to invest in stock market.
Their one of the biggest disadvantage is that one cannot invest in mutual funds through their trading account as in case of sharekhan, reliance money, ICICI Direct etc. Most of the things which are important for online trading account, are present with this firm and they also offer good tips which provides them an extra edge to them.
Coal india IPO, which came recently was the one of the most anticipated IPO in indian stock market history. It was oversubscribed many times and it attracted a lot of new customers. These customers were queueing up at the front of brokerage firms.
Today i am going to review Edelweiss Brokerage. They have been in the industry for last 15 years but in the field of online trading, they are relatively new. Especially when comparing with few old peers like Sharekhan, ICICI Direct etc. Edelweiss has existed as Edalcap in the field of offline brokerage. Edelweiss group is very good in their stock picks and recommendations. This is their biggest USP. Their website is sleak and very light. Navigating from one section to another section doesn’t take much time. Trading panel view is very simple and one can be familiar with this in a very short span of time.
Cash, F&O, Currency and commodities section are present in different tabs and it is quite easy to work in them. Their brokerage charges are;
| Standard plan | |
| Cash Delivery | : 0.5%( Min ` 0.05 ) |
| Cash Intraday | : 0.05% ( Min ` 0.05 ) |
| Futures | : 0.05%( Min ` 0.01 ) |
| Options | : 2.5%( Min ` 90 ) |
I am not sure if they are cheapest one in market or not, but I think, there are other players who offer more economical services. Other groups are also quite aggressive in their marketing, but edelweiss has been working silently in increasing their presence in the sector. They also offer monthly investment baskets, these are very helpful for amateur investors who want to invest in stock market.
Their one of the biggest disadvantage is that one cannot invest in mutual funds through their trading account as in case of sharekhan, reliance money, ICICI Direct etc. Most of the things which are important for online trading account are present with this firm and they also offer good tips which provide them an extra edge to them.
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