5Paisa Vs Wisdom Capital

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5Paisa Vs Wisdom Capital is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.

This comparison article also provides a video comparison between 5Paisa Vs Wisdom Capital so that you get a 360-degree view about which broker to go ahead with.

5Paisa Vs Wisdom Capital Comparison

Here is a point by point comparison of 5Paisa Vs Wisdom Capital.

5Paisa is a discount broker launched by India Infoline (IIFL) in 2015 and allows a trader to trade across segments including Equity, Currency, Insurance and Mutual Funds.

Wisdom Capital is a subsidiary of Ashlar Group of companies with a focus on retail discount stockbroking.

Launched in 2013, Wisdom capital was the first stockbroker that introduced at lifetime brokerage plan wherein clients need to pay just once and they won’t be charged for brokerage across their life.

Discount brokers such as Wisdom Capital or 5Paisa offer trading services at much cheaper brokerage rates and reasonable customer service. To make things easy for you, we have listed out the comparison between 5Paisa Vs Wisdom Capital to help you find which of the two suits your needs better.

The comparison is made on aspects such as:

Company Overview
Account Opening Charges
Brokerage
Exposure or Leverages
Research
Trading Platforms
Other Features

5Paisa Vs Wisdom Capital Compare

Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.

We hope this article helps you to understand which of the two brokers is better for your needs.



	Wisdom Capital Review	5Paisa Review
OVERVIEW
Broker Type	Discount Broker	Discount Broker
Incorporated In the Year	2013	2015
Number of branches across India	250	2
Exchanges	BSE, NSE, MCX, NCDEX, MCX-SX, USE	BSE, NSE, MCX-SX
ACCOUNT CHARGES
Trading Account Opening Charges	₹0	₹250
Trading Account Annual Maintenance Charges	₹0	₹0
Demat Account Opening Charges	₹0	₹0
Demat Account Annual Maintenance Charges	₹999 Lifetime	₹400
Transaction Charges	Wisdom Capital Transaction Charges	5Paisa Transaction Charges
BROKERAGE
Equity Delivery	₹9 per executed order OR ₹999 per month for Unlimited Trades	₹10 per executed order
Intraday Delivery	₹9 per executed order OR ₹999 per month for Unlimited Trades	₹10 per executed order
Equity Futures	₹9 per executed order OR ₹999 per month for Unlimited Trades	₹10 per executed order
Equity Options	₹9 per executed order OR ₹999 per month for Unlimited Trades	₹10 per executed order
Currency Futures	₹9 per executed order OR ₹999 per month for Unlimited Trades	₹10 per executed order
Currency Options	₹9 per executed order OR ₹999 per month for Unlimited Trades	₹10 per executed order
Commodity	₹9 per executed order OR ₹999 per month for Unlimited Trades	NA
Calculate Brokerage	Wisdom Capital Brokerage Calculator	5Paisa Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	5 times to 40 times depending on the Brokerage plan	Upto 15 times for Intraday & Upto 4 times for Delivery
Equity Futures	5 times to 20 times depending on the Brokerage plan	Upto 2 times for Intraday
Equity Options	5 times to 40 times depending on the Brokerage plan	Upto 2 times for Intraday
Currency Futures	4 times to 15 times depending on the Brokerage plan	Upto 2 times for Intraday
Currency Options	4 times to 15 times depending on the Brokerage plan	Upto 2 times for Intraday
Commodities	5 times to 20 times depending on the Brokerage plan	NA
Margin		5Paisa Margin
RESEARCH
Daily Market Reports
Tips/Recommendations
Quarterly Analysis
News Alerts
TRADING SEGMENTS
Equity
Mutual Funds
IPOs
Currency
Commodity
CUSTOMER SERVICE OPTIONS
Email Support
Live Chat
Phone
Toll Free Number
Offline Branches
Customer Care		5Paisa Customer Care
FEATURES
Mobile Trading
Orders Accepted After Trading Hours
Charting
SMS Alerts
Robo Advisory
Automated Trading
Market Tips
Margin Funding
Relationship Managers
3 in 1 Account
Trading Platform(s)	NEST, NSE NOW, BOLT	5Paisa Trade Station, 5Paisa Trader Terminal, 5Paisa Mobile App
Complaint Percentage of Active Clients	0.06%	0.06%
OVERALL RATING
	Get a Callback	Get a Callback

*NSE Complaints Percentage: Lower is this number, Better is the broker.

Before we complete this comparison, we think one quick understanding of brokerage charges is important.

Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.

Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.

Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.

Also, check out some of the other stockbroker comparisons you might be interested in.

Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with 5Paisa Vs Wisdom Capital for the benefits of other readers?

Please feel free to share in the comments below.

Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.