SBIcap Securities vs Wisdom Capital Comparison: 2024
About SBIcap Securities
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.
SBI Cap Securities: Overview
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct
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
SBIcap Securities vs Wisdom Capital Account Opening Charges: 2024
| Charge | SBIcap Securities | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹850 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹350 | ₹999 (Lifetime Account) |
SBIcap Securities vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | Wisdom Capital |
|---|---|---|
| Plan Name | eZ-trade Plan | Ultimate Plan |
| Equity Delivery | 0.50% | 0.007% |
| Equity Intraday | 0.05% | 0.007% |
| Equity Futures | 0.05% | 0.005%\t |
| Equity Options | ₹100 per lot | ₹ 15/Lot |
| Currency Futures | 0.03% | ₹9 per executed order |
| Currency Options | ₹30 per lot | ₹9 per executed order |
| Commodity Options | NA | 0.005% |
| Mutual Fund | N/A | N/A |
SBIcap Securities vs Wisdom Capital Margin / Exposure: 2024
| Segment | SBIcap Securities | Wisdom Capital |
|---|---|---|
| Equity Delivery | 2x | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Upto 5x | 5x to 40x (as per brokerage plan) |
| Equity Future | Nil | 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 |