INDmoney Vs Elite Wealth
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
INDmoney Vs Elite Wealth - Broker Details
| INDmoney | Elite Wealth | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2019 | 1990 |
| Exchanges | NSE, BSE and MCX | NSE, BSE, MCX and NCDEX |
| Branches | 966 | N/A |
| Brokerage | 0.05% or up to ₹20/Per Order | 0.03% |
| Broker Type | Discount Broker | Full Service Broker |
INDmoney Vs Elite Wealth - Account Opening & AMC Charges
| INDmoney | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
INDmoney Vs Elite Wealth - Brokerage charges & Plans
| INDmoney | Elite Wealth | |
|---|---|---|
| Commodity Futures | N/A | 0.03% |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.03% |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.33% |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹33 per Lot |
| Commodity Options | N/A | 0.03% |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.03% |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹33 per Lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | 0.03% |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.03% |
INDmoney Vs Elite Wealth - Other Charges
| INDmoney | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹0 (Free) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | 0.03% |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.03% |
INDmoney Vs Elite Wealth - Transaction Charges
| INDmoney | Elite Wealth | |
|---|---|---|
| Currency Options | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | NSE: 0.00195% on total turnover value | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | NSE - 0.00325% | BSE- 0.00375% | 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% |
| Equity Options | NSE: 0.053% on premium value | NSE: 0.053% on Premium value |
| 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 Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | 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 |
| Currency Futures | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | NSE - 0.00325% | BSE- 0.00375% | 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% |
INDmoney Vs Elite Wealth - Margin (Exposure)
| INDmoney | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML 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 NRML margin (Span + Exposure)) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
INDmoney Vs Elite Wealth - Features
| INDmoney | Elite Wealth | |
|---|---|---|
| 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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INDmoney Vs Elite Wealth - Review & Rating
| INDmoney | Elite Wealth | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
INDmoney Vs Elite Wealth - Request a call back from Broker
| INDmoney | Elite Wealth | |
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INDmoney Vs Elite Wealth - Investment Options
| INDmoney | Elite Wealth | |
|---|---|---|
| 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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INDmoney Vs Elite Wealth - Order Type
| INDmoney | Elite Wealth | |
|---|---|---|
| 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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INDmoney Vs Elite Wealth - Research & Report
| INDmoney | Elite Wealth | |
|---|---|---|
| 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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INDmoney Vs Elite Wealth - Daily Market Report
| INDmoney | Elite Wealth | |
|---|---|---|
| Daily Market Reports & News |
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INDmoney Vs Elite Wealth - Suitable For Investor
| INDmoney | Elite Wealth | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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INDmoney Vs Elite Wealth - Pros & Cons
| INDmoney | Elite Wealth | |
|---|---|---|
| Pros | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. | 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 |
| Cons | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. | 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. |
INDmoney Vs Elite Wealth - Background
| INDmoney | Elite Wealth | |
|---|---|---|
INDmoney Vs Elite Wealth - Compare All Brokers
| INDmoney | Elite Wealth | |
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INDmoney Vs Elite Wealth - STT/CTT
| INDmoney | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on Sell |
| Equity Options | 0.05% only on sell (On Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% only on sell | 0.01 % on Sell |
| Commodity Options | 0.05% only on sell side | 0.05% on Sell Side |
INDmoney Vs Elite Wealth - Demat transaction charges
| INDmoney | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | No Charges |
INDmoney Vs Elite Wealth - GST
| INDmoney | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
INDmoney Vs Elite Wealth - SEBI Charges
| INDmoney | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Elite Wealth - Account Opening & AMC Charges
INDmoney
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
INDmoney Vs Elite Wealth
| INDmoney | Elite Wealth | |
|---|---|---|
INDmoney Account Opening Process, Charges, and Documentation Details |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
INDmoney Vs Elite Wealth - Brokerage charges & Plans
| INDmoney | Elite Wealth | |
|---|---|---|
| Commodity Futures | N/A | 0.03% |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.03% |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.33% |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹33 per Lot |
| Commodity Options | N/A | 0.03% |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.03% |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹33 per Lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | 0.03% |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.03% |
INDmoney Vs Elite Wealth - Margin (Exposure)
| INDmoney | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML 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 NRML margin (Span + Exposure)) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
INDmoney Vs Elite Wealth - Other Charges
| INDmoney | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹0 (Free) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | 0.03% |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.03% |
INDmoney Vs Elite Wealth - STT/CTT
| INDmoney | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on Sell |
| Equity Options | 0.05% only on sell (On Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% only on sell | 0.01 % on Sell |
| Commodity Options | 0.05% only on sell side | 0.05% on Sell Side |
INDmoney Vs Elite Wealth - Demat transaction charges
| INDmoney | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | No Charges |
INDmoney Vs Elite Wealth - GST
| INDmoney | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
INDmoney Vs Elite Wealth - SEBI Charges
| INDmoney | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Elite Wealth - Features
| INDmoney | Elite Wealth | |
|---|---|---|
| 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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