Elite Wealth Vs Definedge Securities
Elite Wealth
Definedge Securities
Elite Wealth Vs Definedge Securities - Broker Details
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1990 | 2015 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX and NCDEX. |
| Branches | N/A | 270 |
| Brokerage | 0.03% | ₹18 per executed order |
| Broker Type | Full Service Broker | Discount Broker |
Elite Wealth Vs Definedge Securities - Account Opening & AMC Charges
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹180 |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method | ₹300 |
| Trading Account AMC | ₹0 (Free) | ₹300 AMC |
Elite Wealth Vs Definedge Securities - Brokerage charges & Plans
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.03% | 0.03% or ₹18 per executed order whichever is lower |
| Currency Futures | 0.03% | 0.03% or ₹18 per executed order whichever is lower |
| Equity Delivery | 0.33% | ₹0 (Free) |
| Equity Options | ₹33 per Lot | ₹18 per executed order |
| Commodity Options | 0.03% | ₹18 per executed order |
| Equity Futures | 0.03% | 0.03% or ₹18 per executed order whichever is lower |
| Currency Options | ₹33 per Lot | ₹18 per executed order |
| Fixed Charges | 0.03% | ₹18 per executed order |
| Equity Intraday | 0.03% | 0.03% or ₹ 18 per executed order whichever is lower |
Elite Wealth Vs Definedge Securities - Other Charges
| Elite Wealth | Definedge Securities | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹36/- per order |
| Other Brokerage Charges | 0.03% | ₹18 per executed order |
| Minimum Brokerage | 0.03% | ₹18 per executed order |
Elite Wealth Vs Definedge Securities - Transaction Charges
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% | NSE ₹4220/ Cr (0.04220%) | MCX ₹3220/ Cr (0.03220%) (on premium) |
| Equity Futures | NSE: 0.00195% on Total Turnover value | NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side |
| Equity Intraday | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/ Cr (0.00275%) (each side) |
| Equity Options | NSE: 0.053% on Premium value | NSE ₹5000/ Cr (0.05%) | BSE ₹50/ Cr (0.0005%) (on premium) |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | MCX (Non-Agri) ₹230/ Cr (0.0023%) | MCX (Agri) ₹95/ Cr (0.00095%) |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% | NSE ₹135/ Cr (0.00135%) | MCX ₹130/ Cr (0.00130%) |
| Equity Delivery | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/Cr (0.00275%) (each side) |
Elite Wealth Vs Definedge Securities - Margin (Exposure)
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
Elite Wealth Vs Definedge Securities - Features
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform | 1. Zone Web, 2. Zone Mobile, 3. Tradepoint Software |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Elite Wealth Vs Definedge Securities - Review & Rating
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Elite Wealth Vs Definedge Securities - Request a call back from Broker
| Elite Wealth | Definedge Securities | |
|---|---|---|
Elite Wealth Vs Definedge Securities - Investment Options
| Elite Wealth | Definedge Securities | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Elite Wealth Vs Definedge Securities - Order Type
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Elite Wealth Vs Definedge Securities - Research & Report
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Elite Wealth Vs Definedge Securities - Daily Market Report
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Daily Market Reports & News |
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Elite Wealth Vs Definedge Securities - Suitable For Investor
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Elite Wealth Vs Definedge Securities - Pros & Cons
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Pros | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days | 1. Well-established brokerage firm, 2. Diverse range of financial products, 3. Advanced trading platforms. 4. Experienced team of professionals, 5. Strong research and analysis support. |
| Cons | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. | 1. Possible high fees or commissions, 2. Customer service quality might vary, 3. Limited physical branch presence, 4. May not cater to all types of investors.5. Platform complexity for beginners. |
Elite Wealth Vs Definedge Securities - Background
| Elite Wealth | Definedge Securities | |
|---|---|---|
Elite Wealth Vs Definedge Securities - Compare All Brokers
| Elite Wealth | Definedge Securities | |
|---|---|---|
Elite Wealth Vs Definedge Securities - STT/CTT
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the sell Side |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on both buy and sell |
| Equity Futures | 0.01 % on Sell | 0.01% on sell Side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
Elite Wealth Vs Definedge Securities - Demat transaction charges
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | ₹0 (Free) |
Elite Wealth Vs Definedge Securities - GST
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% (on brokerage + transaction charges) |
Elite Wealth Vs Definedge Securities - SEBI Charges
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
Elite Wealth Vs Definedge Securities - Account Opening & AMC Charges
Elite Wealth
Definedge Securities
Trading Account Opening Charge
₹0 (Free)
₹180
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
₹300
Trading Account AMC
₹0 (Free)
₹300 AMC
Elite Wealth Vs Definedge Securities
| Elite Wealth | Definedge Securities | |
|---|---|---|
Elite Wealth Review | Products and Trading Platforms |
Definedge Securities Review | Account Charges, Brokerage, and Trading Platforms |
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Definedge Securities
Elite Wealth Vs Definedge Securities - Brokerage charges & Plans
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.03% | 0.03% or ₹18 per executed order whichever is lower |
| Currency Futures | 0.03% | 0.03% or ₹18 per executed order whichever is lower |
| Equity Delivery | 0.33% | ₹0 (Free) |
| Equity Options | ₹33 per Lot | ₹18 per executed order |
| Commodity Options | 0.03% | ₹18 per executed order |
| Equity Futures | 0.03% | 0.03% or ₹18 per executed order whichever is lower |
| Currency Options | ₹33 per Lot | ₹18 per executed order |
| Fixed Charges | 0.03% | ₹18 per executed order |
| Equity Intraday | 0.03% | 0.03% or ₹ 18 per executed order whichever is lower |
Elite Wealth Vs Definedge Securities - Margin (Exposure)
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
Elite Wealth Vs Definedge Securities - Other Charges
| Elite Wealth | Definedge Securities | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹36/- per order |
| Other Brokerage Charges | 0.03% | ₹18 per executed order |
| Minimum Brokerage | 0.03% | ₹18 per executed order |
Elite Wealth Vs Definedge Securities - STT/CTT
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the sell Side |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on both buy and sell |
| Equity Futures | 0.01 % on Sell | 0.01% on sell Side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
Elite Wealth Vs Definedge Securities - Demat transaction charges
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | ₹0 (Free) |
Elite Wealth Vs Definedge Securities - GST
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% (on brokerage + transaction charges) |
Elite Wealth Vs Definedge Securities - SEBI Charges
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
Elite Wealth Vs Definedge Securities - Features
| Elite Wealth | Definedge Securities | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform | 1. Zone Web, 2. Zone Mobile, 3. Tradepoint Software |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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