Wisdom Capital vs SAMCO 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 SAMCO
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Overview
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
Wisdom Capital vs SAMCO Account Opening Charges: 2024
| Charge | Wisdom Capital | SAMCO |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹400 |
Wisdom Capital vs SAMCO Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | SAMCO |
|---|---|---|
| Plan Name | Ultimate Plan | Standard |
| Equity Delivery | 0.007% | ₹20 per executed order |
| Equity Intraday | 0.007% | ₹20 per executed order |
| Equity Futures | 0.005%\t | ₹20 per executed order |
| Equity Options | ₹ 15/Lot | ₹20 per executed order |
| Currency Futures | ₹9 per executed order | ₹20 per executed order |
| Currency Options | ₹9 per executed order | ₹20 per executed order |
| Commodity Options | 0.005% | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs SAMCO Margin / Exposure: 2024
| Segment | Wisdom Capital | SAMCO |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | Upto 4x |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Upto 15x |
| Equity Future | 5x to 20x (as per brokerage plan) | Upto 4x |
| Equity Options | 5x to 40x (as per brokerage plan) | Upto 8x |
| Currency Future | 4x to 15x (as per brokerage plan) | Upto 3x |
| Currency Options | 4x to 15x (as per brokerage plan) | Upto 5x |
| Commodity Future | 5x to 20x (as per brokerage plan) | Upto 5x |
| Commodity Options | N/A | Upto 5x |