5paisa vs Wisdom Capital Comparison: 2024
About 5paisa
A successful discount broker in India, 5 paisa provides different trading and investing services across various segments. Its parent company is IIFL that has built a great name in the retail broking industry.
5Paisa: Overview
5paisa Capital Ltd. is a new age company that believes in making the entire process of getting started with trading as simple as possible, offering account opening in three simple steps. One of the leading stockbrokers in India, 5paisa Capital Ltd is publicly-traded, and managed by IIFL founders. This provides the company with valuable experience in the financial markets coupled with its expertise in simplifying the trading experience has enabled it to offer best-in-class services at an extremely low cost.
Based out of Mumbai, 5paisa.com commenced operations in March 2016 and since then has become 2nd largest discount stock broker in India (As on Dec 2018). It is listed on both BSE as well as NSE.
The
About Wisdom Capital
Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.
Wisdom Capital: An Overview
A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.
Wisdom Capital provides 3 different brokerage plans:
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Freedom Plan
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Pro Plan
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Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
5paisa vs Wisdom Capital Account Opening Charges: 2024
| Charge | 5paisa | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹0 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹999 (Lifetime Account) |
5paisa vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | 5paisa | Wisdom Capital |
|---|---|---|
| Plan Name | Optimum Plan | Ultimate Plan |
| Equity Delivery | ₹20 per trade | 0.007% |
| Equity Intraday | ₹20 per trade | 0.007% |
| Equity Futures | ₹20 per trade | 0.005%\t |
| Equity Options | ₹20 per trade | ₹ 15/Lot |
| Currency Futures | ₹20 per trade | ₹9 per executed order |
| Currency Options | ₹20 per trade | ₹9 per executed order |
| Commodity Options | ₹20 per trade | 0.005% |
| Mutual Fund | N/A | N/A |
5paisa vs Wisdom Capital Margin / Exposure: 2024
| Segment | 5paisa | Wisdom Capital |
|---|---|---|
| Equity Delivery | Upto 4x | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Upto 20x | 5x to 40x (as per brokerage plan) |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | 5x to 20x (as per brokerage plan) |
| Equity Options | Intra-day: 1x | Carry forward: 1x | 5x to 40x (as per brokerage plan) |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | 4x to 15x (as per brokerage plan) |
| Currency Options | Intra-day: 1x | Carry forward: 1x | 4x to 15x (as per brokerage plan) |
| Commodity Future | N/A | 5x to 20x (as per brokerage plan) |
| Commodity Options | N/A | N/A |