AxisDirect vs Wisdom Capital Comparison: 2024

About AxisDirect

It is the lineage of the Axis group and a subsidiary of India's third largest private sector bank. Axis direct provides a wide spectrum of investment and trading solutions to over 20 million clients. It won the title of Top Equity broker two years in a row  2018-19 by the BSE outlook. It allows trade via BSE, NSE, MCX and NCDEX exchange.

Axis Direct: Overview

The Mumbai-based subsidiary was started in 2011 by key people of the Axis group, B. Gopkumar (MD) and Anand Shaha (ED). It offers various financial products to its consumers like Mutual funds, SIP, Equity derivatives, IPO, ETFs, Tax Saving , Fixed income etc. With the motto and tagline of #SimpleHai Axis Direct aims to become a key player in the retails broking industry. They are a full-service broker firm  with over 75 branches across India.

In addition to this, Axis direct provides the 3-in-1 account facility which

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:

  1. Freedom Plan

  2. Pro Plan

  3. Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)

However, the biggest attraction is its

AxisDirect vs Wisdom Capital Account Opening Charges: 2024

ChargeAxisDirectWisdom Capital
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹999 (For a 3-in-1 Account)₹0
Trading Account AMC₹0₹0
Demat Account AMC₹650 per year (free for 1st year)₹999 (Lifetime Account)

AxisDirect vs Wisdom Capital Brokerage Charges and Plans : 2024

ChargeAxisDirectWisdom Capital
Plan NameN/AUltimate Plan
Equity Delivery0.50%0.007%
Equity Intraday0.05%0.007%
Equity Futures0.05%0.005%\t
Equity Options₹0.01 or ₹10 per lot₹ 15/Lot
Currency Futures0.05% ₹9 per executed order
Currency Options₹0.01 or ₹10 per lot₹9 per executed order
Commodity OptionsFutures: 0.03% and Options: ₹50 per lot0.005%
Mutual FundN/AN/A

AxisDirect vs Wisdom Capital Margin / Exposure: 2024

SegmentAxisDirectWisdom Capital
Equity Delivery1x5x to 40x (as per brokerage plan)
Equity IntradayUpto 10x5x to 40x (as per brokerage plan)
Equity Future1x5x to 20x (as per brokerage plan)
Equity Options1x5x to 40x (as per brokerage plan)
Currency Future1x4x to 15x (as per brokerage plan)
Currency Options1x4x to 15x (as per brokerage plan)
Commodity Future3x5x to 20x (as per brokerage plan)
Commodity Options1xN/A

AxisDirect vs Wisdom Capital Currency Charges and Plans: 2024

AxisDirect charge 0.05% for Currency Futures and ₹0.01 or ₹10 per lot for Currency Options whereas Wisdom Capital Charges ₹9 per executed order for Currency futures and ₹9 per executed order for Currency options.

AxisDirect vs Wisdom Capital Commodity Charges and Plans: 2024

AxisDirect charge Futures: 0.03% and Options: ₹50 per lot for commodity and Wisdom Capital charge 0.005% for commodity.
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