Wisdom Capital vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
Wisdom Capital vs Nirmal Bang Account Opening Charges: 2024
| Charge | Wisdom Capital | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹200 per year |
Wisdom Capital vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | Nirmal Bang |
|---|---|---|
| Plan Name | Ultimate Plan | N/A |
| Equity Delivery | 0.007% | 0.2% |
| Equity Intraday | 0.007% | 0.02% |
| Equity Futures | 0.005%\t | 0.02% |
| Equity Options | ₹ 15/Lot | ₹35 |
| Currency Futures | ₹9 per executed order | 0.02% |
| Currency Options | ₹9 per executed order | ₹20 |
| Commodity Options | 0.005% | 0.01% |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Nirmal Bang Margin / Exposure: 2024
| Segment | Wisdom Capital | Nirmal Bang |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | Upto 10x |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Upto 4x |
| Equity Future | 5x to 20x (as per brokerage plan) | Upto 4x |
| Equity Options | 5x to 40x (as per brokerage plan) | Upto 2x for shorting |
| Currency Future | 4x to 15x (as per brokerage plan) | Upto 2x for shorting |
| Currency Options | 4x to 15x (as per brokerage plan) | Upto 3x |
| Commodity Future | 5x to 20x (as per brokerage plan) | Upto 3x |
| Commodity Options | N/A | N/A |