Wisdom Capital vs Interactive Brokers 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:

  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

About Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

Wisdom Capital vs Interactive Brokers Account Opening Charges: 2024

ChargeWisdom CapitalInteractive Brokers
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹0
Trading Account AMC₹0₹0
Demat Account AMC₹999 (Lifetime Account)₹0

Wisdom Capital vs Interactive Brokers Brokerage Charges and Plans : 2024

ChargeWisdom CapitalInteractive Brokers
Plan NameUltimate PlanN/A
Equity Delivery0.007%Minimum ₹6 and Upto ₹20 per executed order
Equity Intraday0.007%Minimum ₹6 and Upto ₹20 per executed order
Equity Futures0.005%\tMinimum ₹6 and Upto ₹20 per executed order
Equity Options₹ 15/LotMinimum ₹6 and Upto ₹20 per executed order
Currency Futures₹9 per executed orderMinimum ₹6 and Upto ₹20 per executed order
Currency Options₹9 per executed orderMinimum ₹6 and Upto ₹20 per executed order
Commodity Options0.005%N/A
Mutual FundN/AN/A

Wisdom Capital vs Interactive Brokers Margin / Exposure: 2024

SegmentWisdom CapitalInteractive Brokers
Equity Delivery5x to 40x (as per brokerage plan)N/A
Equity Intraday5x to 40x (as per brokerage plan)N/A
Equity Future5x to 20x (as per brokerage plan)N/A
Equity Options5x to 40x (as per brokerage plan)N/A
Currency Future4x to 15x (as per brokerage plan)N/A
Currency Options4x to 15x (as per brokerage plan)N/A
Commodity Future5x to 20x (as per brokerage plan)N/A
Commodity OptionsN/AN/A

Wisdom Capital vs Interactive Brokers Currency Charges and Plans: 2024

Wisdom Capital charge ₹9 per executed order for Currency Futures and ₹9 per executed order for Currency Options whereas Interactive Brokers Charges Minimum ₹6 and Upto ₹20 per executed order for Currency futures and Minimum ₹6 and Upto ₹20 per executed order for Currency options.
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