Wisdom Capital vs Upstox 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:
-
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
About Upstox
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Wisdom Capital vs Upstox Account Opening Charges: 2024
| Charge | Wisdom Capital | Upstox |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹249 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹300 per year (paid monthly) |
Wisdom Capital vs Upstox Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | Upstox |
|---|---|---|
| Plan Name | Ultimate Plan | Basic |
| Equity Delivery | 0.007% | ₹0 (FREE) |
| Equity Intraday | 0.007% | ₹20 per trade or 0.05% (whichever is lower) |
| Equity Futures | 0.005%\t | ₹20 per trade or 0.05% (whichever is lower) |
| Equity Options | ₹ 15/Lot | ₹20 per trade or 0.05% (whichever is lower) |
| Currency Futures | ₹9 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
| Currency Options | ₹9 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
| Commodity Options | 0.005% | ₹20 per trade or 0.05% (whichever is lower) |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Upstox Margin / Exposure: 2024
| Segment | Wisdom Capital | Upstox |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | 1x (no margin) |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
| Equity Future | 5x to 20x (as per brokerage plan) | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
| Equity Options | 5x to 40x (as per brokerage plan) | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
| Currency Future | 4x to 15x (as per brokerage plan) | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
| Currency Options | 4x to 15x (as per brokerage plan) | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
| Commodity Future | 5x to 20x (as per brokerage plan) | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
| Commodity Options | N/A | N/A |
Wisdom Capital vs Upstox Currency Charges and Plans: 2024
| Charge | Currency Futures (Wisdom Capital) | Currency Options (Wisdom Capital) | Currency Futures (Upstox) | Currency Options (Upstox) |
|---|---|---|---|---|
| Brokerage | As per Brokerage plan selected | As per Brokerage plan selected | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected |
| Securities Transaction Tax (STT) | No STT | No STT | No STT | No STT |
| Transaction / Turnover Charges | ₹0 | ₹0 | NSE: 0.00013% | BSE: 0.00062% | NSE: 0.065% | BSE: 0.026% (on premium) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | ₹5/Crore | ₹5/Crore |
| Stamp Charges | State-wise | State-wise | State-wise | State-wise |
Wisdom Capital vs Upstox Commodity Charges and Plans: 2024
| Charge | Commodity Futures (Wisdom Capital) | Commodity Options (Wisdom Capital) | Commodity Futures (Upstox) | Commodity Options (Upstox) |
|---|---|---|---|---|
| Brokerage | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | ||
| Securities Transaction Tax (STT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side | 0.01% on sell trade (Non-Agri)\t | 0.05% on sell trade |
| Transaction / Turnover Charges | 0.0025% | 0.0025% | 0.0031%\t | 0.002% |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | ₹5/Crore | ₹5/Crore |
| Stamp Charges | State-wise | State-wise | State-wise | State-wise |