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IIFL Vs Wisdom Capital
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IIFL Vs Wisdom Capital comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
IIFL Vs Wisdom Capital Comparison
Here is a point by point comparison of IIFL Vs Wisdom Capital.
IIFL is a prominent name in Indian full-service broking. It is majorly known for its huge offline presence across the country with more than 4400 branches in 900 cities. India Infoline (IIFL) was incorporated in 1995 and today is one of the top three full-service brokers in India.
Everything about discount brokers such as Wisdom Capital is Online, be it – customer service, trading, account opening etc.
Full-service brokers such as India Infoline (IIFL), on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between IIFL 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
IIFL Vs Wisdom Capital Details
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 | India Infoline Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service |
| Incorporated In the Year | 2013 | 1995 |
| Number of branches across India | 250 | 4400 |
| Exchanges | NSE, BSE, MCX – SX, MCX and USE | NSE, BSE, MCX, NCDEX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹555 |
| Demat Account Annual Maintenance Charges | ₹999 Lifetime | ₹300 |
| Transaction Charges | Wisdom Capital Transaction Charges | IIFL Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.50% |
| Intraday Delivery | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.05% |
| Equity Futures | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.05% |
| Equity Options | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 1% of Premium or Rs.100/- per lot whichever is higher |
| Currency Futures | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.05% |
| Currency Options | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 1% of Premium or Rs.100/- per lot whichever is higher |
| Commodity | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.05% |
| Brokerage Calculator | Wisdom Capital Brokerage Calculator | IIFL Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | 5 times to 40 times depending on the Brokerage plan | Upto 20 times Intraday & 3 times for Delivery |
| Equity Futures | 5 times to 20 times depending on the Brokerage plan | Upto 3 times for Intraday |
| Equity Options | 5 times to 40 times depending on the Brokerage plan | Buying no leverage, Shorting upto 3 times |
| 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 | Buying no leverage, Shorting upto 2 times |
| Commodities | 5 times to 20 times depending on the Brokerage plan | Upto 3 times for Intraday |
| 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 | | |
| 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 | Trader Terminal, IIFL Markets App, Trader Web |
| Total BSE+NSE Complaints | 63 | 280 |
| OVERALL RATING |  |  |
*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.
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 IIFL Vs Wisdom Capital for the benefits of other readers?
Please feel free to share in the comments below.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
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Summary
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A Digital Blogger
Date
Broker Name
India Infoline (IIFL) Vs Wisdom Capital
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