Wisdom Capital vs Indiabulls 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 Indiabulls
India bulls ventures Ltd. is a flagship company of the Indiabulls group operating in the capital market since 1999 with multiple subsidiary companies fields like housing finance, personal wealth as well as a presence in Real estate, pharmaceuticals, and infrastructure sector.
Formerly known as Indiabulls Securities Ltd, it re-launched its trading platform under the name \Indiabulls Shubh\ in 2019. It is one of the largest discount brokers in India with a client base of approximately 7 lakhs spread across 18 cities.
India Bulls Stock Broker: An overview
The broking venture under the India bulls company is known in the market by the name of 'Shubh'. this broking firm was founded in 1995 by Sameer Gehlot and has managed to gain nationwide recognition and trust ever since. This Mumbai-based firm provides integrated financial services such as Stock broking, Demat account, Equity Research, and Margin Funding.
India bulls Shubh pioneered the online trading platform facility
Wisdom Capital vs Indiabulls Account Opening Charges: 2024
| Charge | Wisdom Capital | Indiabulls |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹500 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹450 |
Wisdom Capital vs Indiabulls Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | Indiabulls |
|---|---|---|
| Plan Name | Ultimate Plan | Equity Unlimited Trade Plan |
| Equity Delivery | 0.007% | ₹0 |
| Equity Intraday | 0.007% | ₹0 |
| Equity Futures | 0.005%\t | ₹15 per trade |
| Equity Options | ₹ 15/Lot | ₹15 per trade |
| Currency Futures | ₹9 per executed order | ₹15 per trade |
| Currency Options | ₹9 per executed order | ₹15 per trade |
| Commodity Options | 0.005% | 0.03% |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Indiabulls Margin / Exposure: 2024
| Segment | Wisdom Capital | Indiabulls |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | 1x (No margin) |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Upto 5x |
| Equity Future | 5x to 20x (as per brokerage plan) | Intra-day: 4x | Carry forward: 1x |
| Equity Options | 5x to 40x (as per brokerage plan) | Intra-day: 4x | Carry forward: 1x |
| Currency Future | 4x to 15x (as per brokerage plan) | Intra-day: 2x | Carry forward: 1x |
| Currency Options | 4x to 15x (as per brokerage plan) | Intra-day: 2x | Carry forward: 1x |
| Commodity Future | 5x to 20x (as per brokerage plan) | N/A |
| Commodity Options | N/A | N/A |