Stoxkart vs Wisdom Capital Comparison: 2024
About Stoxkart
Stoxkart is based out of Delhi, and it is relatively new in the broking market place, incorperated only in 2019. Stoxkart is an online discount broker, which offers services like trading and investment across a variety of segments including equity markets, commodities, currencies, futures and options, IPOs and mutual funds.
Stoxkart: Overview
A Delhi-based firm, Stoxkart is a part of SMC Global Limited, which itself is a full-service broker and has been a leading diversified financial services company in India for quite a while now.
As mentioned earlier, Stoxkart provides services of trading across a lot of different sectors, but also in that, it provides up to 25 times exposure on intraday trades which can be across equities, currencies and commodities, which happens to be among one of the highest margins offered, especially by a discount broker.
The company can do that because it is backed by SMC, which is a full-service broker,
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
Stoxkart vs Wisdom Capital Account Opening Charges: 2024
| Charge | Stoxkart | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹999 (Lifetime Account) |
Stoxkart vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | Stoxkart | Wisdom Capital |
|---|---|---|
| Plan Name | N/A | Ultimate Plan |
| Equity Delivery | ₹0 | 0.007% |
| Equity Intraday | ₹15 (on profit trades only) | 0.007% |
| Equity Futures | ₹15 per executed order | 0.005%\t |
| Equity Options | ₹15 per executed order | ₹ 15/Lot |
| Currency Futures | ₹15 per executed order | ₹9 per executed order |
| Currency Options | ₹15 per executed order | ₹9 per executed order |
| Commodity Options | ₹15 per executed order | 0.005% |
| Mutual Fund | N/A | N/A |
Stoxkart vs Wisdom Capital Margin / Exposure: 2024
| Segment | Stoxkart | Wisdom Capital |
|---|---|---|
| Equity Delivery | 1x (No margin) | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Up to 15x | BO,CO: Up to 25x | 5x to 40x (as per brokerage plan) |
| Equity Future | Up to 2x | BO,CO: Up to 7x | 5x to 20x (as per brokerage plan) |
| Equity Options | 1x (No margin) | 5x to 40x (as per brokerage plan) |
| Currency Future | Up to 2x | BO,CO: Up to 4x | 4x to 15x (as per brokerage plan) |
| Currency Options | 1x (No margin) | 4x to 15x (as per brokerage plan) |
| Commodity Future | Up to 2x | BO,CO: Up to 6x | 5x to 20x (as per brokerage plan) |
| Commodity Options | 1x (No margin) | N/A |