Edelweiss Broking Vs Nirmal Bang – Share Brokers Comparison
Edelweiss Broking Vs Nirmal Bang
Here is a point by point comparison of Edelweiss Broking Vs Nirmal Bang. Edelweiss Broking is a full service broker based out of Mumbai with clients across Institutional, retail and corporations. It has a client base of around 9 lakh clients and covers around 237 locations from 120+ cities of India. Edelweiss acquired J.P. Morgan asset management company in March 2016 thus widening its coverage and hold in the commodities segment. Nirmal Bang is an oldie in full service broking segment in India with its operations starting in as early as 1986. This stock broking firm has a franchise count of more than 2000 across 360 cities of the country. One of the best parts of Nirmal Bang is that it allows free call and trade facility to its clients.
Full service brokers such as Edelweiss Broking or Nirmal Bang will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Edelweiss Broking Vs Nirmal Bang to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
Edelweiss Review | Nirmal Bang Review | |
OVERVIEW | ||
Broker Type | Full Service Broker | Full Service Broker |
Incorporated In the Year | 2002 | 1986 |
Number of branches across India | 237 | 2000 |
Exchanges | NSE, BSE, MCX-SX and MSEI | NSE, BSE, MCX, NCDEX and MCX–SX |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Charges | ₹1000 | ₹0 |
Trading Account Annual Maintenance Charges | ₹0 | ₹200 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | Free for 1st year, ₹500 from 2nd year | ₹0 |
Transaction Charges | Edelweiss Broking Transaction Charges | Nirmal Bang Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.45% | 0.2% |
Intraday Delivery | 0.06% | 0.02% |
Equity Futures | 0.06% | 0.02% |
Equity Options | ₹150 per lot | ₹35 per lot |
Currency Futures | 0.050% | 0.02% |
Currency Options | ₹50 per lot | ₹20 per lot |
Commodity | NA | 0.01% |
Brokerage Calculator | Edelweiss Brokerage Calculator | Nirmal Bang Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 20 times for Intraday, Upto 4 times for Delivery @interest | Upto 4 times for Delivery, upto 10 times for Intraday |
Equity Futures | Upto 3 times for Intraday | Upto 4 times |
Equity Options | Buying No Leverage, Shorting upto 3 times for Intraday | No Margins for Buying, Upto 2 times for Shorting |
Currency Futures | Upto 2 times for Intraday | No Margins for Buying, Upto 2 times for Shorting |
Currency Options | Buying No Leverage, Shorting upto 3 times for Intraday | Upto 3 times |
Commodities | Upto 3 times for Intraday | Upto 3 times |
RESEARCH | ||
Daily Market Reports | ||
Tips/Recommendations | ||
Quarterly Analysis | ||
News Alerts | ||
TRADING SEGMENTS | ||
Equity | ||
Mutual Funds | ||
IPOs | ||
Currency | ||
Commodity | ||
CUSTOMER SERVICE OPTIONS | ||
Email Support | ||
Live Chat | ||
Phone | ||
Toll Free Number | ||
Offline Branches | ||
FEATURES | ||
Mobile Trading | ||
Orders Accepted After Trading Hours | ||
Charting | ||
SMS Alerts | ||
Robo Advisory | ||
Automated Trading | ||
Market Tips | ||
Margin Funding | ||
Relationship Managers | ||
3 in 1 Account | ||
Trading Platform(s) | Xtreme Trader, Traders Lounge, Mobile Trader | ODIN Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App |
Total BSE+NSE Complaints | 78 | 129 |
OVERALL RATING | ||
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Edelweiss Broking Vs Nirmal Bang for the benefits of other readers. Please feel free to share in the comments below.
Check out more comparisons here.