Nuvama — India
Key facts (8)
- Who actually onboards you
- Nuvama Wealth and Investment Ltd. (formerly Edelweiss Broking Ltd.).
- Licence number
- INZ000005231
- Established
- 2008
- Min deposit, USD
- not stated
- Platforms
- Nuvama app · web/desktop trading platforms
- Local funding
- UPI, net-banking.
- Max leverage
- not stated
- EURUSD
- not priced
This broker against the India middle (52 of 91)
| Nuvama | India median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | no data | 30.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | 2-3 hours hgroup | 48.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2008 | 2008.0 |
| Platforms | 2 | 3 |
Accepts residents of India
Yes
Score (5/6 axes)
Shown, not ranked: no round-turn price
Licence check
Who actually onboards you
Nuvama Wealth and Investment Ltd. (formerly Edelweiss Broking Ltd.).
Entity not established
Public rating and its base
Ratings and reviews are verified 4.2 58.2K reviews
Round turn against the local middle (52 of 91)
Getting money out
From the entry account upwards
Demat+Trading; Lite plan (flat) and Elite plan (percentage).
Terminals, markets, instrument counts (2)
Nuvama app · web/desktop trading platforms
Equity, F&O, currency, commodity, mutual funds, IPO, bonds, insurance distribution.
What works and what to watch
Pros (2)
- Licensed locally: INZ000005231
- Withdrawal published at 2-3 hours h
Cons (2)
- Carries a regulator warning; excluded from beginner and most-established lists
- Minimum deposit for this country not published
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
no data
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- nuvamawealth.com domain
- chittorgarh.com domain
- sebi.gov.in domain
FAQ (4)
Does Nuvama accept residents of India?
Yes.
Which entity onboards a India client of Nuvama?
Nuvama Wealth and Investment Ltd. (formerly Edelweiss Broking Ltd.).
What licence does Nuvama hold for India?
Licence INZ000005231.
How long does a withdrawal from Nuvama take?
2-3 hours hours as published. The transfer is generally reflected within 2 – 3 hours