Fyers vs Wisdom Capital Comparison: 2024
About Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
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
Fyers vs Wisdom Capital Account Opening Charges: 2024
| Charge | Fyers | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹400 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 | ₹999 (Lifetime Account) |
Fyers vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | Fyers | Wisdom Capital |
|---|---|---|
| Plan Name | Flat Fee Plan | Ultimate Plan |
| Equity Delivery | ₹0 | 0.007% |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | 0.007% |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | 0.005%\t |
| Equity Options | ₹20 per executed order | ₹ 15/Lot |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | ₹9 per executed order |
| Currency Options | ₹20 per executed order | ₹9 per executed order |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | 0.005% |
| Mutual Fund | N/A | N/A |
Fyers vs Wisdom Capital Margin / Exposure: 2024
| Segment | Fyers | Wisdom Capital |
|---|---|---|
| Equity Delivery | 1x | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Upto 5x | 5x to 40x (as per brokerage plan) |
| Equity Future | Upto 4x | 5x to 20x (as per brokerage plan) |
| Equity Options | Upto 5x | 5x to 40x (as per brokerage plan) |
| Currency Future | Upto 3x | 4x to 15x (as per brokerage plan) |
| Currency Options | Upto 3x | 4x to 15x (as per brokerage plan) |
| Commodity Future | Upto 3x | 5x to 20x (as per brokerage plan) |
| Commodity Options | Upto 3x | N/A |