Chittorgarh.com Logo
Loading...

Wisdom Capital Vs Finvasia NRI Account Comparison

The side-by-side comparison of Wisdom Capital and Finvasia NRI Account. Compare Wisdom Capital Vs Finvasia NRI Account brokerage charges, exposure margin, demat account and AMC. Read Finvasia and Wisdom Capital NRI Account reviews.

Find out Wisdom Capital Vs Finvasia which is better NRI Trading Account. See Wisdom Capital Vs Finvasia which is best NRI Demat Account.

Our Wisdom Capital comparison with Finvasia Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Wisdom Capital and Finvasia NRI Account.

Expand

Wisdom Capital Vs Finvasia

  Wisdom Capital Finvasia
 
  Wisdom Capital Logo Finvasia Securities Pvt Ltd Logo
About the Broker Wisdom Capital is an online discount broker in India. The broker offers trading and Demat account services to residents as well as NRIs. Wisdom Capital is an online brand of Ashlar Securities. The company is registered under FATCA of the USA and allo... Know more about Wisdom Capital Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
Account Type NRI Trading NRI Account
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


Expand

Wisdom Capital Vs Finvasia Charges

  Wisdom Capital Finvasia
NRI Account Opening Fees ₹199
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 999 (Lifetime) Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

Expand

Wisdom Capital Vs Finvasia NRI Account Brokerage Comparison

Account Type Wisdom Capital NRI Trading Finvasia NRI Account
Equity Delivery ₹0
Equity Futures ₹0
Equity Options ₹0

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges ₹0
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
Expand

Wisdom Capital Vs Finvasia NRI Account Taxes/Fees

  Wisdom Capital Finvasia
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

Expand

Wisdom Capital Vs Finvasia NRI Account Margin

  Wisdom Capital Margin Finvasia Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


Expand

Wisdom Capital and Finvasia NRI Account Features

  Wisdom Capital Finvasia
3-in-1 Account No No
Automated Trading Yes Yes
Free Research And Tips Yes No
Other Features

Expand

Wisdom Capital Vs Finvasia NRI Account Review

  Wisdom Capital Review Finvasia Review
  30 Customer Reviews    Rate Wisdom Capital 52 Customer Reviews    Rate Finvasia
Fees 4.0 4.7
Brokerage 4.2 4.8
Trading Platform 3.3 3.5
Customer Service 3.4 4.2
Overall Rating Rated 3.6 stars Rated 4.4 stars
Broker Rating Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews Finvasia is Rated 4.4 / 5 based on 52 customer reviews

Expand

Contact Broker / Request A Call Back

  Wisdom Capital Enquire Finvasia Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
*

Wisdom Capital Vs Finvasia NRI Investment Options

  Wisdom Capital Finvasia
Stocks Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes Yes
Other Investment Options

Expand

Wisdom Capital Vs Finvasia NRI Customer Service

  Wisdom Capital Finvasia
Customer Care Number 1800-123-9343 +91 172 667 0000
Customer Care Email accounts@wisdomcapital.in contactus@finvasia.com

Expand

Wisdom Capital Vs Finvasia Order Type Offered for NRI Account

  Wisdom Capital Finvasia
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No

Expand

Wisdom Capital Vs Finvasia - NRI Account Advantages and Disadvantages

  Wisdom Capital Finvasia
Pros
  • Wisdom Capital brokerage is lower than the full-service brokers.
  • Offers expert investment advisory services.
  • Dedicated online Live Support.
  • Wisdom Capital Trading School course for the investors to understand stock market concepts and trading.
  • NRIs are allowed to open the NRI bank account with any bank and link it with Wisdom Capital NRI trading and Demat account.
  • Omnesys NEST is offered as the trading platform.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
Cons
  • Doesn't offer the facility to invest in IPOs and NCDs.
  • Doesn't offer a 3-in-1 NRI trading account. NRIs have to open a bank account with 3rd party.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
Conclusion

Wisdom Capital is an online broker with very little investment in technology. This makes it difficult for Wisdom Capital to compete with other discount stock brokers including Zerodha, 5Paisa, Upstox, and ProStocks, etc. Except for investment advisory and trading courses, Wisdom doesn't have any unique selling point.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Comments

Add a public comment...

Compare More Brokers: