Reliance Securities vs Wisdom Capital Comparison: 2024
About Reliance Securities
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let's have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures
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:
-
Freedom Plan
-
Pro Plan
-
Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
Reliance Securities vs Wisdom Capital Account Opening Charges: 2024
| Charge | Reliance Securities | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹999 (Lifetime Account) |
Reliance Securities vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | Wisdom Capital |
|---|---|---|
| Plan Name | Fixed Online Plan | Ultimate Plan |
| Equity Delivery | 0.4%\t | 0.007% |
| Equity Intraday | 0.04%\t | 0.007% |
| Equity Futures | 0.04%\t | 0.005%\t |
| Equity Options | Rs 100/Lot | ₹ 15/Lot |
| Currency Futures | 0.04%\t | ₹9 per executed order |
| Currency Options | Rs 100/Lot | ₹9 per executed order |
| Commodity Options | N/A | 0.005% |
| Mutual Fund | N/A | N/A |
Reliance Securities vs Wisdom Capital Margin / Exposure: 2024
| Segment | Reliance Securities | Wisdom Capital |
|---|---|---|
| Equity Delivery | Upto 3x | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Upto 10x | 5x to 40x (as per brokerage plan) |
| Equity Future | Upto 3x | 5x to 20x (as per brokerage plan) |
| Equity Options | Nil | 5x to 40x (as per brokerage plan) |
| Currency Future | Nil | 4x to 15x (as per brokerage plan) |
| Currency Options | Nil | 4x to 15x (as per brokerage plan) |
| Commodity Future | N/A | 5x to 20x (as per brokerage plan) |
| Commodity Options | N/A | N/A |