ProStocks vs Wisdom Capital Comparison: 2024
About ProStocks
Founded in 2016, ProStocks is the Online venture of Sunlight Broking LLP- one of India's top stock broking companies. It is known to offer convenient trading at economical rates. Being an online venture ProStocks prides itself in not indulging with any overhead costs like branch offices, Relationship managers and expensive advertisements in order to offer low-cost transactions and plans. ProStocks is the cheapest broker for unlimited trading plans which intends to start providing mutual fund services soon.
ProStocks: An Overview
It is a Mumbai-based company founded by SP Toshniwal (present CEO) and Saurabh Ranka which allows its clients to trade and invest in the companies listed on the BSE and NSE exchanges. It facilitates trading in segments like Equity cash, Derivative Trading, Currency trading and Intraday Equity. The 2-in-1 Demat and trading account feature makes transactions handy and convenient. They also offer NRI trading services with zero additional account fee and
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
ProStocks vs Wisdom Capital Account Opening Charges: 2024
| Charge | ProStocks | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹999 (Lifetime Account) |
ProStocks vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | ProStocks | Wisdom Capital |
|---|---|---|
| Plan Name | Unlimited Plan | Ultimate Plan |
| Equity Delivery | ₹0 | 0.007% |
| Equity Intraday | ₹0 | 0.007% |
| Equity Futures | ₹0 | 0.005%\t |
| Equity Options | ₹0 | ₹ 15/Lot |
| Currency Futures | ₹0 | ₹9 per executed order |
| Currency Options | ₹0 | ₹9 per executed order |
| Commodity Options | N/A | 0.005% |
| Mutual Fund | N/A | N/A |
ProStocks vs Wisdom Capital Margin / Exposure: 2024
| Segment | ProStocks | Wisdom Capital |
|---|---|---|
| Equity Delivery | 1x (no margin) | 5x to 40x (as per brokerage plan) |
| Equity Intraday | 7x (Margin intraday sq off) | 5x to 40x (as per brokerage plan) |
| Equity Future | 2x | 5x to 20x (as per brokerage plan) |
| Equity Options | 1x (no margin) | 5x to 40x (as per brokerage plan) |
| Currency Future | 1.5x | 4x to 15x (as per brokerage plan) |
| Currency Options | 1x (no margin) | 4x to 15x (as per brokerage plan) |
| Commodity Future | N/A | 5x to 20x (as per brokerage plan) |
| Commodity Options | N/A | N/A |