Name: Nuvama Wealth
Brand: Nuvama Wealth
Price: 20 INR
Availability: InStock
Rating: 3.9 (1 reviews)

Overview

Nuvama Wealth formerly Edelweiss Broking brings 25 years of financial services expertise with comprehensive trading solutions and research backing from parent Nuvama Group. The platform offers competitive flat-rate pricing at ₹20 per trade across all segments alongside percentage-based Elite plans for traders seeking personalized relationship management. Perfect for investors wanting full-service support including free research reports, portfolio advisory, and dedicated customer service. With backing from PAG Asia investment firm and strong SEBI regulation, Nuvama combines institutional credibility with retail trader accessibility through award-winning Mobile Trader app and advanced TX3 desktop terminal.

Pros

↑Free comprehensive research reports and portfolio advisory services
↑Advanced TX3 desktop terminal with 60+ technical indicators free
↑Strong heritage with 25+ years experience and PAG backing

Cons

↓Elite plan brokerage 0.30% delivery higher than discount brokers
↓Demat AMC ₹500 annually after first free year
↓Lite plan subscribers report slower customer service response times

Key Highlights

Welcome Offer
₹1,000 brokerage credit
Get ₹1,000 brokerage credit on new account opening
Zero account opening charges
Lifetime free AMC for first year on Demat account
Valid for online account opening through website or app

Trading Costs
Flat ₹20 per trade
Lite Plan: Flat ₹20 per executed order across all segments
Elite Plan: 0.30% delivery, 0.03% intraday and F&O
No hidden charges on Lite plan
Both plans available with free account opening

Assets & Markets
TX3 terminal free
Advanced desktop trading terminal at zero cost
60+ technical indicators and drawing tools
Live charting with multiple timeframes
Comprehensive market analysis data
Open interest analysis and option chain
Free for all Nuvama customers

Why Choose?
Free research reports
Complimentary equity research and recommendations
FII and DII flow data access
Sector performance analysis
Daily market updates and insights
Expert analyst calls available

Regulation & Safety
SEBI regulated
SEBI registered stockbroker since 2008
Member of NSE, BSE, and MCX exchanges
Registered depository participant with CDSL and NSDL
Part of Nuvama Group with 25+ years heritage
Backed by PAG Asia investment firm

Account Minimum
₹0 minimum deposit
No minimum balance requirement to open account
No minimum deposit required to start trading
Fund transfer through UPI and net banking
Instant account activation within 24 hours

Key Benefits

Trading Costs

★3.7

▼

Lite plan flat ₹20 per order competitive for active traders
Elite plan 0.30% delivery higher than pure discount brokers
Demat AMC ₹500 per year after first free year
No platform fees or inactivity charges
Free call and trade facility on Elite plan
Research services included at no extra cost

Platform And Tools

★4.2

▼

TX3 desktop terminal with institutional-grade features
Mobile Trader app highly rated at 4.4 stars
Web platform nuvamawealth.com for browser access
60+ technical indicators and charting tools
Portfolio Organizer for multi-broker tracking
SmallCase integration for thematic investing

Research And Analysis

★4.3

▼

Comprehensive equity research from expert analysts
Free access to research reports for all customers
FII and DII flow tracking data
Sector performance and seasonality analysis
Daily market updates and trading calls
Options chain and open interest analysis

Mobile Trading

★4.1

▼

Mobile Trader app for iOS and Android
App store rating 4.4 out of 5 stars
Full trading capabilities across all segments
80+ technical indicators on mobile
Real-time price alerts and notifications
IPO application directly from app

Account Features

★3.8

▼

Two account types: Lite and Elite plans
Instant online account opening in 15 minutes
Multi-currency support for NRI accounts
Margin trading up to 4x leverage
Portfolio organizer and reporting tools
Direct mutual fund investment facility

Security And Trust

★4.1

▼

SEBI registered since 2008
Member of NSE, BSE, MCX exchanges
CDSL and NSDL depository participant
Backed by PAG Asia with 56% ownership
25+ years legacy as Edelweiss Group
Regular compliance and exchange audits

Customer Support

★3.6

▼

Email and phone support available
Toll-free number: 1800 266 0050
Trading support 8:00 AM to 2:00 AM next day
Relationship managers for Elite plan customers
Lite plan may experience delayed responses
Physical branch presence across 200+ locations

Educational Resources

★3.5

▼

Investology courses at ₹100 per course
Market analysis and trading guides
Webinars and training sessions
Research reports for learning
Limited free educational content
Demo account not prominently offered

Available Tools

Trading Tools

▼

Paper Trading	×
Margin Trading	✓
Zero Commission	×
Fractional Shares	×
After Hours Trading	×

Advanced Tools

▼

Api Access	✓
Basket Trading	✓
Options Strategies	×
Smart Order Routing	×
Backtesting Capabilities	×

Detailed Information

Commission Tiers	Lite Plan: Flat ₹20 per executed order all segments Elite Plan: 0.30% delivery, 0.03% intraday/F&O, ₹75 per lot options No volume-based tiers in Lite plan Elite plan offers relationship manager services
Trading Fees	Equity delivery: Lite ₹20, Elite 0.30% Equity intraday: Lite ₹20, Elite 0.03% Futures: Lite ₹20, Elite 0.03% Options: Lite ₹20, Elite ₹75 per lot Currency derivatives: Lite ₹20, Elite 0.02% futures, ₹20 per lot options
Stock Etf Commission	Lite: ₹20 per order Elite: 0.30%
Options Commission	Lite: ₹20 per order Elite: ₹75 per lot
Futures Commission	Lite: ₹20 per order Elite: 0.03%
Financing Rates	Margin funding available up to 4x leverage Interest rates based on account size Rates competitive with industry standards
Margin Interest Rate	Varies by account type and funding amount
Overnight Fees	Standard margin interest on overnight positions
Non Trading Fees	Demat AMC: ₹500 per year (first year free) DP charges: ₹15 per debit transaction No account closure charges No inactivity fees
Deposit Fee	₹0
Withdrawal Fee	₹0 for standard withdrawals
Currency Conversion Fee	Standard rates apply
Data Feed Fees	Free real-time quotes NSE/BSE
Order Modification Fee	₹0
Vip Fee Tiers	No formal VIP program Elite plan offers premium services Relationship manager for Elite customers

Minimum Spreads	Market standard
Maximum Leverage	Up to 4x for margin trading
Margin Call Level	Standard margin requirements
Stop Out Level	Auto square-off at 3:00 PM for intraday
Negative Balance Protection	Yes
Settlement Period	T+2 for equity delivery
Order Execution Quality	Direct market access to NSE, BSE, MCX Fast execution through exchange connectivity Best execution policy in place

Stocks Count	5,000
Etfs Count	200
Crypto Count	0
Forex Pairs Count	0
Product Universe Overview	Comprehensive equity coverage NSE and BSE Derivatives: F&O on stocks and indices Commodity trading on MCX Currency derivatives Mutual funds and IPOs Bonds and NCDs
Geographic Market Coverage	India: NSE, BSE complete access Commodity: MCX exchange Currency: Currency derivatives segment
Major Markets Details	Full NSE and BSE stock universe All major index derivatives Top liquid commodity contracts
Emerging Markets Details	Focus on Indian market only
Base Currencies Supported	INR, USD (for NRI accounts)

Trading Platforms Overview	Three platforms: Mobile Trader, TX3, Web Cloud-native architecture Cross-platform synchronization
Desktop Platform	TX3 Terminal: Advanced desktop software 60+ technical indicators and drawing tools Multiple chart types and timeframes Live portfolio tracking Comprehensive market data analytics Research section integrated
Mobile App	Mobile Trader for iOS and Android 4.4 star rating on app stores Full trading capabilities 80+ technical indicators IPO application feature Real-time alerts and notifications
Web Platform	nuvamawealth.com browser access Portfolio Organizer feature SmallCase integration Mutual fund investment platform Reporting and statements section
Trading Tools And Features	Advanced charting tools Market scanners and screeners Stock watchlist management Price alerts and notifications Options chain analysis Open interest tracking
Charting And Technical Analysis	Multiple chart types: Candlestick, Heiken Ashi, Renko, Point & Figure 80+ technical indicators Drawing tools for analysis Historical data up to 10 years Chart trading capability
Risk Management Tools	Stop loss orders Target price orders Bracket orders Auto square-off for intraday Margin monitoring
Order Types Available	Market orders Limit orders Stop loss orders After market orders Good till cancelled orders
Integrations And Api Access	API access available for algo trading AlgoTest integration supported SmallCase platform integrated
Third Party Platforms	SmallCase, AlgoTest
Api Rate Limits	Standard API limits apply
Algo Trading Support	API available for algorithmic strategies

Customer Support Overview	Toll-free and charged phone lines Email support available Physical branch network Elite plan relationship managers
Phone Support Hours	Trading: 8:00 AM to 2:00 AM next day Compliance: 9:30 AM to 5:45 PM
Live Chat Availability	Not available
Email Response Time	24-48 hours typically Elite plan faster response
Languages Supported	English, Hindi
Local Office Presence	237 branches across India in 200+ locations
Account Manager	Yes for Elite plan customers
Educational Resources Overview	Investology courses paid Market research reports Trading guides available Webinars conducted
Beginner Resources	Basic guides available Paid courses for detailed learning
Webinars And Tutorials	Regular market webinars Training sessions for new traders
Market Analysis And Research	Daily equity research reports Sector analysis Trading recommendations
Demo Account Details	Not prominently advertised
Trading Courses	Investology: ₹100 per course
Tax Reporting Help	Tax reports and P&L statements available No dedicated tax advisory

Regulation Overview	SEBI registered stockbroker Member of NSE, BSE, MCX exchanges CDSL and NSDL depository participant Operating since 2008 as Edelweiss Broking
Primary Regulator	Securities and Exchange Board of India (SEBI)
License Number	SEBI Registration: INZ000005231 CDSL: IN-DP-CDSL-301-2008 NSDL: IN-DP-NSDL-301-2008
Investor Protection Scheme	Client funds segregated Regular exchange audits Part of Nuvama Group with strong financials PAG backing with 56% ownership
Security Features	Two-factor authentication Secure login protocols Data encryption Regular security audits Fraud prevention measures

Commission Tiers

Lite Plan: Flat ₹20 per executed order all segments
Elite Plan: 0.30% delivery, 0.03% intraday/F&O, ₹75 per lot options
No volume-based tiers in Lite plan
Elite plan offers relationship manager services

Trading Fees

Equity delivery: Lite ₹20, Elite 0.30%
Equity intraday: Lite ₹20, Elite 0.03%
Futures: Lite ₹20, Elite 0.03%
Options: Lite ₹20, Elite ₹75 per lot
Currency derivatives: Lite ₹20, Elite 0.02% futures, ₹20 per lot options

Stock Etf Commission

Lite: ₹20 per order
Elite: 0.30%

Options Commission

Lite: ₹20 per order
Elite: ₹75 per lot

Futures Commission

Lite: ₹20 per order
Elite: 0.03%

Financing Rates

Margin funding available up to 4x leverage
Interest rates based on account size
Rates competitive with industry standards

Margin Interest Rate

Varies by account type and funding amount

Overnight Fees

Standard margin interest on overnight positions

Non Trading Fees

Demat AMC: ₹500 per year (first year free)
DP charges: ₹15 per debit transaction
No account closure charges
No inactivity fees

Deposit Fee

₹0

Withdrawal Fee

₹0 for standard withdrawals

Currency Conversion Fee

Standard rates apply

Data Feed Fees

Free real-time quotes NSE/BSE

Order Modification Fee

₹0

Vip Fee Tiers

No formal VIP program
Elite plan offers premium services
Relationship manager for Elite customers

Nuvama Wealth

Overview

Pros

Cons

Key Highlights

Key Benefits

Available Tools

Detailed Information

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