ICICI Direct vs Wisdom Capital Comparison: 2024
About ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
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
ICICI Direct vs Wisdom Capital Account Opening Charges: 2024
| Charge | ICICI Direct | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹999 (Lifetime Account) |
ICICI Direct vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Wisdom Capital |
|---|---|---|
| Plan Name | I-Secure Plan | Ultimate Plan |
| Equity Delivery | 0.55% | 0.007% |
| Equity Intraday | 0.275% | 0.007% |
| Equity Futures | 0.050% | 0.005%\t |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹ 15/Lot |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | ₹9 per executed order |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹9 per executed order |
| Commodity Options | N/A | 0.005% |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Wisdom Capital Margin / Exposure: 2024
| Segment | ICICI Direct | Wisdom Capital |
|---|---|---|
| Equity Delivery | 5x | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Upto 25x | 5x to 40x (as per brokerage plan) |
| Equity Future | 4x | 5x to 20x (as per brokerage plan) |
| Equity Options | 2x for shorting | 5x to 40x (as per brokerage plan) |
| Currency Future | N/A | 4x to 15x (as per brokerage plan) |
| Currency Options | N/A | 4x to 15x (as per brokerage plan) |
| Commodity Future | N/A | 5x to 20x (as per brokerage plan) |
| Commodity Options | N/A | N/A |