One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the industry-leading trading platforms; Nuvama Markets share trading App and Terminal X3 Desktop Trading Software.
Nuvama Wealth and Investment Limited (NWIL) (earlier known as Edelweiss Broking), is a part of India’s leading and most-renowned wealth management service provider, Nuvama Group (Formerly Edelweiss Securities). It is a technology-driven full-service broker that distributes a complete spectrum of financial products including equity, equity derivatives, commodity, currency, IPO, mutual funds, and margin trading.
When anyone looks to open an account with a full-service broker, brokerage charges might be a key concern for many people. However, at Nuvama Wealth, it charges an extremely competitive flat brokerage rate of Rs. 10 per order on all segments which are even lower than the country’s top discount brokers including Zerodha and Upstox Rs. 20/order brokerage.
Nuvama Wealth has two brokerage plans; Lite (Rs. 10/order) and Elite (percentage-based brokerage). Customers are free to choose any of the plans between these two. You can open Nuvama Wealth Demat & Trading Account for free to trade in multiple products. The broker offers a completely digital onboarding process or you can also chose to open an account offline.
It has state-of-the-art platforms including an online trading website, mobile trading app, and installable desktop trading terminal. Nuvama Wealth has the top-rated Nuvama Markets mobile app platform to trade on the go anytime, anywhere.
Nuvama Wealth being a full-service stock broker has a dedicated research team to provide stock market research on 250+ stocks, and advisory services to its clients across asset classes.
Read out an honest and genuine Nuvama Wealth Review 2022 to find details about its account opening charges, brokerage plans, margin, trading platforms, customer care services, and Pros & Cons.
Current promotion offer from Nuvama for TopShareBrokers Visitors:
Trade at the lowest brokerage fee of Rs. 10 per order on all segments with the Nuvama Wealth Lite Plan. However, if you want access to value-added services such as a dedicated relationship manager, free call & trade, research, etc., subscribe to the Nuvama Wealth Elite Plan, a volume or slab-based pricing model. Check out the Nuvama Wealth Lite brokerage plan charges below;
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]|
Here we are comparing Nuvama with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 10||Rs 20||Rs 20||Rs 20||Rs 15|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||Flat Rs. 10 per executed order||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 15 whichever is lower|
|Equity Intraday||Flat Rs. 10 per executed order||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 15 whichever is lower|
|Equity Futures||Flat Rs. 10 per executed order||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 15 whichever is lower|
|Equity Options||Flat Rs. 10 per executed order||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 15 per order|
|Commodity||0.01%||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||Flat Rs. 10 per executed order||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Flat Rs. 10 per executed order||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
To start trading in shares, derivatives, commodities, and currency segments, and apply for IPOs and mutual funds, you just need to open the below type of accounts;
Nuvama is a CDSL depository participant to offer a 2-in-1 account, Demat + Trading Account opening facility to customers. An integrated Trading and Demat account facilitate seamless and hassle-free buying and selling and transfer of securities into the Demat account.
Nuvama Wealth being a registered trading member of BSE, NSE, MCX, and NCDEX, offers a single Equity Trading + Commodity Trading Account to clients. The equity trading account enables you to buy and sell shares listed on the stock exchange and the commodity trading account facilitates you to trade in different types of commodities.
Does Nuvama Wealth offer a free account? Yes, open a free trading-cum-demat account at nil account opening fee and start trading across segments.
Nuvama Wealth is a mutual fund distributor that facilitates online investment in mutual funds. The full-service broker allows customers to invest in direct and regular mutual fund schemes of 40+ AMCs including Axis, ICICI, Mirae, HDFC, Tata, Nippon, and more.
Open a Free Mutual fund account with Nuvama and invest smartly in your choice of a preferred mutual fund at NIL brokerage or commission fee.
Complete the online account opening journey with Nuvama in a fast, secure, and hassle-free manner. If you have all the documents in hand then the account opening process will take less than 15 minutes.
Steps to open Nuvama Wealth Demat & Trading Account Online:
Once done, the internal team at Nuvama Wealth will verify all the details and documents submitted, and your account gets activated within 12 to 24 hours.
The full-service stockbroker has the best platforms for you to trade online across web, mobile app, and desktop trading terminals. Nuvama Wealth offers free trading platforms to its customers at zero charges.
Nuvama Markets Mobile app is one of the best mobile trading apps in India to trade at your fingertips. The share trading app has many advanced features including customized watchlists upto 100 stocks in each watchlist, advanced charts (Heiken Ashi, Points & Figure, Renko, Candle Stick, and more), 80+ technical indicators, a view upto 10 years of historical data points, support & resistance lines, free research recommendations, and access to 23+ reports including P&L statement, holdings report, DP bills, ledger, delayed payment interest, etc.
Nuvama trading app is a user-friendly and easy-to-use share market trading app downloadable on Android and iOS devices from the Play store and the App Store.
Nuvama TX3 is a desktop trading terminal with advanced analytics and exceptional speed. The free share market trading software comes with excellent speed, and provides advanced data analytics to traders. Nuvama Wealth X3 Trading Terminal has a powerful charting package with live streaming charts, 60+ technical indicators, and drawing tools, and views 15 years of historical EOD and 1 year of intraday trading data.
Trade and/or invest in stocks, derivatives, currency derivatives, bonds, mutual funds, and IPO with the Nuvama Wealth trading website. The web trading platform is free for all customers to place buy and sell orders across segments. Customers can log in to the Nuvama website over any compatible browser.
For detail review of mobile app and download please visit Nuvama Trading Platform Review.
The best thing about the full-service broking house is that the customer service is offered across both the online and offline channels. Nuvama Wealth Broking firm resolves customer queries over multiple communication channels including Toll-Free numbers, Email, telephonic assistance, branches, Web self-help & FAQs.
Trading and investment across diversified financial product offerings at an extremely low brokerage of just Rs. 10/order makes Nuvama Wealth one of the best brokerage houses in India. Once the trading account is opened, customers will get free access to the best online trading platforms (mobile app, desktop trading software, and website).
Research & advisory facility, brokerage-free direct mutual fund investment, free API connect, etc. are the other value-added services available at Nuvama Wealth.
Last updated on: 2023-01-02
Yes, Beginners usually avoid opening an account with full-service broker due to high brokerage but Nuvama Wealth despite being a full-service broker charges just Rs 10 per trade brokerage. First-time traders and investors can open a free account and start trading at highly competitive charges.
Moreover, its top-class research including market & economy research, sector specific research, stock research reports & recommendation are useful for beginners to take rationalized decisions.
In addition, user-friendly mobile app and web platform makes it extremely convenient for beginners to trade online with Nuvama Wealth.
Customers can resolve their issues or concerns by writing a grievance mail at [email protected] or calling the helpline desk at 1800-102-3335 from 8:30 AM to 5:30 PM from Monday to Friday and 10 AM – 2 PM on Saturday.
If any of your queries is not timely resolved then you can further writer your query at [email protected].
Yes, Nuvama Wealth, a part of India’s leading wealth management solution provider Nuvama Wealth Management is a safe, trustworthy, and reliable broker. It is an active trading member of BSE, NSE, MCX, and NCDEX, and is also registered with SEBI and IRDAI.
The full-service broking company is a one-stop platform for diversified trading and investment needs including equity, F&O, commodity, currency, IPO, mutual funds, bonds, NCDs, PMS, and more.
Account opening with Nuvama Wealth is free at zero fees. Further, it charges no AMC for the first year, and thereafter, the demat AMC charges in the Lite Plan is Rs 300 per annum and in the Elite Plan, it is 500 per annum.
Trade and invest in equity and derivative segments at flat Rs 10 per order fee irrespective of the segment and volume of trade.
E-SIP stands for equity SIP, a special feature that allows customers to invest a fixed sum of money in a stock during a fixed interval of time. Nuvama Wealth facilitates customers to start SIP in stocks.
Steps to do e-SIP in Nuvama app:
Intraday trading (MIS), means both the buying and selling transactions are taken on the same day, if a trader does not close MIS positions by the end of the trading session, the broker himself square-off at applicable auto square-off charges.
Day traders can choose Nuvama Wealth as a preferred broker not just due to the cheapest flat charges at Rs 10 per trade but also due to the high-speed platforms (TX3 terminal and Nuvama Markets mobile app), and intraday trading tips and recommendations from experts.
Adding money in your Nuvama through UPI is completely safe, secure, and instant. You can add funds using any UPI app like PhonePe, Google Pay, Paytm, or any other BHIM UPI app for free.
Steps to add funds in Nuvama using UPI;
You can withdraw funds from the Nuvama account anytime using the Nuvama Markets app or trading website.
Steps to withdraw funds from Nuvama account
Yes, Nuvama Wealth experts team delves deep into providing research reports and investment recommendations on over 250+ stocks. The full-service stockbroking house provides comprehensive research reports on markets, sector, economies, and stock-specific reports as well. It further provides short-term, medium-term, and long-term stock tips and recommendations for active traders and investors.
There are no charges on funds transferred to your trading account via UPI. However, if you chose to add money using net banking mode, Nuvama wealth charges Rs 10 payment gateway charges for the Lite plan users while Elite plan subscribers can transfer funds for free. Customers can place payout or withdrawal requests for free at nil charges.
Nuvama Wealth, a part of Nuvama Group is a leading wealth management solution provider that provides online trading in equity, derivatives, commodity, and currency segments. Check out the key advantages on why choose Nuvama Wealth as the preferred broker;
No, Nuvama Wealth and Investment Ltd (NWIL) is a full-service brokerage house in India. The broker offers online trading in equity and derivatives and also provides research reports and advisory services to customers. Despite being a full-service broker, the brokerage house offers a flat discount brokerage plan to trade at just Rs 10 per order in intraday, delivery, futures & options, currencies, and commodities futures segments.
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Flat ₹15 Per Trade in F&O
Rs 0 Demat AMC
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Trade at Flat ₹20 per Trade Pay-as-you-go Demat AMC
Flat ₹20 Per Trade
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