Angel Broking vs Wisdom Capital Comparison: 2024
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
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:
-
Freedom Plan
-
Pro Plan
-
Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
Angel Broking vs Wisdom Capital Account Opening Charges: 2024
| Charge | Angel Broking | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹999 (Lifetime Account) |
Angel Broking vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | Angel Broking | Wisdom Capital |
|---|---|---|
| Plan Name | iTrade Prime | Ultimate Plan |
| Equity Delivery | ₹0 | 0.007% |
| Equity Intraday | Flat ₹20 per executed order | 0.007% |
| Equity Futures | Flat ₹20 per executed order | 0.005%\t |
| Equity Options | Flat ₹20 per executed order | ₹ 15/Lot |
| Currency Futures | Flat ₹20 per executed order | ₹9 per executed order |
| Currency Options | Flat ₹20 per executed order | ₹9 per executed order |
| Commodity Options | Flat ₹20 per executed order | 0.005% |
| Mutual Fund | N/A | N/A |
Angel Broking vs Wisdom Capital Margin / Exposure: 2024
| Segment | Angel Broking | Wisdom Capital |
|---|---|---|
| Equity Delivery | Upto 3x | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Upto 10x | 5x to 40x (as per brokerage plan) |
| Equity Future | Upto 4x | 5x to 20x (as per brokerage plan) |
| Equity Options | 3x for shorting | 5x to 40x (as per brokerage plan) |
| Currency Future | Upto 2x | 4x to 15x (as per brokerage plan) |
| Currency Options | Upto 5x for shorting | 4x to 15x (as per brokerage plan) |
| Commodity Future | 3x | 5x to 20x (as per brokerage plan) |
| Commodity Options | N/A | N/A |