Zerodha Vs Wisdom Capital

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Zerodha 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.

Here is a point by point comparison of Zerodha Vs Wisdom Capital.

Zerodha Vs Wisdom Capital Comparison

Zerodha is also one of the leading discount brokers in India which was founded in 2010. Zerodha has been there in the market for a while and understands the concept of discount broking and how it helps traders.

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 Zerodha 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 Zerodha 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

Zerodha Vs Wisdom Capital Details

Generally, abovementioned aspects are good enough to make a decision based on your preference 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.

This is how both these stockbrokers stack up against each other:



	Zerodha Review	Wisdom Capital Review
OVERVIEW
Broker Type	Discount Broker	Discount Broker
Incorporated In the Year	2010	2013
Number of branches across India	11	250
Exchanges	BSE, NSE, MCX, MCX-SX	BSE, NSE, MCX, MCX-SX, USE
ACCOUNT CHARGES		NSE, BSE, MCX-SX
Trading Account Opening Charges	₹200 (₹300 if you want to Zerodha to courier account opening forms)	₹0
Trading Account Annual Maintenance Charges	₹0	₹0
Demat Account Opening Charges	₹100	₹0
Demat Account Annual Maintenance Charges	₹300	₹999 Lifetime
Transaction Charges	Zerodha Transaction Charges	Wisdom Capital Transaction Charges
BROKERAGE
Equity Delivery	₹0	₹9 per executed order OR ₹999 per month for Unlimited Trades
Intraday Delivery	0.01% or ₹20 per trade whichever is lower	₹9 per executed order OR ₹999 per month for Unlimited Trades
Equity Futures	0.01% or ₹20 per trade whichever is lower	₹9 per executed order OR ₹999 per month for Unlimited Trades
Equity Options	0.01% or ₹20 per trade whichever is lower	₹9 per executed order OR ₹999 per month for Unlimited Trades
Currency Futures	0.01% or ₹20 per trade whichever is lower	₹9 per executed order OR ₹999 per month for Unlimited Trades
Currency Options	0.01% or ₹20 per trade whichever is lower	₹9 per executed order OR ₹999 per month for Unlimited Trades
Commodity	0.01% or ₹20 per trade whichever is lower	₹9 per executed order OR ₹999 per month for Unlimited Trades
Calculate Brokerage	Zerodha Brokerage Calculator	Wisdom Capital Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 5 times for Intraday	5 times to 40 times depending on the Brokerage plan
Equity Futures	Upto 5 times to 20 times for Intraday	5 times to 20 times depending on the Brokerage plan
Equity Options	Upto 5 times to 20 times for Intraday	5 times to 40 times depending on the Brokerage plan
Currency Futures	Upto 5 times for Intraday	4 times to 15 times depending on the Brokerage plan
Currency Options	Upto 5 times for Intraday	4 times to 15 times depending on the Brokerage plan
Commodities	Upto 5 times for Intraday	5 times to 20 times depending on the Brokerage plan
Margin	Zerodha 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	Zerodha Customer Care	Wisdom Capital 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)	Zerodha Pi, Zerodha Kite, Zerodha Kite Mobile App, NEST Trader	NEST, NSE NOW, BOLT
Complaint Percentage of Active Clients	0.02%	0.24%
OVERALL RATING
	Get a Call Back	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 Zerodha 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.