Wisdom Capital vs Alice Blue Comparison: 2024
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
About Alice Blue
A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.
Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.
Alice Blue: Overview
Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services
Wisdom Capital vs Alice Blue Account Opening Charges: 2024
| Charge | Wisdom Capital | Alice Blue |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | Equity ₹310, MCX ₹200 & ₹500 All segments |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹400 |
Wisdom Capital vs Alice Blue Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | Alice Blue |
|---|---|---|
| Plan Name | Ultimate Plan | Freedom 15 Plan |
| Equity Delivery | 0.007% | ₹0 |
| Equity Intraday | 0.007% | ₹15 per order or 0.01% whichever is lower |
| Equity Futures | 0.005%\t | ₹15 per order or 0.01% whichever is lower |
| Equity Options | ₹ 15/Lot | ₹15 per order |
| Currency Futures | ₹9 per executed order | ₹15 per order or 0.01% whichever is lower |
| Currency Options | ₹9 per executed order | ₹15 per order |
| Commodity Options | 0.005% | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Alice Blue Margin / Exposure: 2024
| Segment | Wisdom Capital | Alice Blue |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Future | 5x to 20x (as per brokerage plan) | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Equity Options | 5x to 40x (as per brokerage plan) | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Currency Future | 4x to 15x (as per brokerage plan) | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Currency Options | 4x to 15x (as per brokerage plan) | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Commodity Future | 5x to 20x (as per brokerage plan) | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Commodity Options | N/A | N/A |
Wisdom Capital vs Alice Blue Currency Charges and Plans: 2024
| Charge | Currency Futures (Wisdom Capital) | Currency Options (Wisdom Capital) | Currency Futures (Alice Blue) | Currency Options (Alice Blue) |
|---|---|---|---|---|
| Brokerage | As per Brokerage plan selected | As per Brokerage plan selected | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected |
| Securities Transaction Tax (STT) | No STT | No STT | No STT | No STT |
| Transaction / Turnover Charges | ₹0 | ₹0 | BSE ₹200 per crore | BSE ₹2000 (on premium) per crore (0.02%) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | ₹5/Crore | ₹5/Crore |
| Stamp Charges | State-wise | State-wise | State-wise | State-wise |
Wisdom Capital vs Alice Blue Commodity Charges and Plans: 2024
| Charge | Commodity Futures (Wisdom Capital) | Commodity Options (Wisdom Capital) | Commodity Futures (Alice Blue) | Commodity Options (Alice Blue) |
|---|---|---|---|---|
| Brokerage | 0.01% or Based on Brokerage Plan Selected | ₹15 per lot or Based on Brokerage Plan Selected | ||
| Securities Transaction Tax (STT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side | 0.01% on Sell Side (Non-Agri) | 0.01% on Sell Side (Non-Agri) |
| Transaction / Turnover Charges | 0.0025% | 0.0025% | Non-Agri ₹260 (0.0026%) | Agri ₹260 per Crore | Non-Agri ₹260 (0.0026%) | Agri ₹260 per Crore |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | ₹5/Crore | ₹5/Crore |
| Stamp Charges | State-wise | State-wise | State-wise | State-wise |