Wisdom Capital vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Wisdom Capital vs IIFL Securities Account Opening Charges: 2024
| Charge | Wisdom Capital | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹400 per year |
Wisdom Capital vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | IIFL Securities |
|---|---|---|
| Plan Name | Ultimate Plan | Flat Plan (FBP) |
| Equity Delivery | 0.007% | 0.50% |
| Equity Intraday | 0.007% | 0.05% |
| Equity Futures | 0.005%\t | 0.05% |
| Equity Options | ₹ 15/Lot | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹9 per executed order | 0.05% |
| Currency Options | ₹9 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | 0.005% | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs IIFL Securities Margin / Exposure: 2024
| Segment | Wisdom Capital | IIFL Securities |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | Upto 3x |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Upto 20x |
| Equity Future | 5x to 20x (as per brokerage plan) | Upto 3x |
| Equity Options | 5x to 40x (as per brokerage plan) | Upto 3x |
| Currency Future | 4x to 15x (as per brokerage plan) | Upto 2x |
| Currency Options | 4x to 15x (as per brokerage plan) | Upto 2x |
| Commodity Future | 5x to 20x (as per brokerage plan) | Upto 3x |
| Commodity Options | N/A | N/A |