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The side-by-side comparison of Wisdom Capital and Choice Broking NRI Account. Compare Wisdom Capital Vs Choice Broking NRI Account brokerage charges, exposure margin, demat account and AMC. Read Choice Broking and Wisdom Capital NRI Account reviews.
Find out Wisdom Capital Vs Choice Broking which is better NRI Trading Account. See Wisdom Capital Vs Choice Broking which is best NRI Demat Account.
Our Wisdom Capital comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between Wisdom Capital and Choice Broking NRI Account.
| Wisdom Capital | Choice Broking | |
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| 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...  |
Choice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NR... |
| Account Type | NRI Trading | NRI Trading |
| 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. |
| Wisdom Capital | Choice Broking | |
|---|---|---|
| NRI Account Opening Fees | ₹0 | |
| NRI Account AMC | ₹0 | |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 (Free) |
| NRI Demat Account AMC | Rs 999 (Lifetime) | Rs 200 or as per plan. (1st year AMC free) |
| PIS Account AMC | NA | NA |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Account Type | Wisdom Capital NRI Trading | Choice Broking NRI Trading |
|---|---|---|
| Equity Delivery | 0.50% | |
| Equity Futures | 0.03% | |
| Equity Options | ₹100 per lot | |
| Contract Note Reporting Charges | NA | NA |
| Other Brokerage Charges | Demat Account AMC - ₹200 per year | |
| 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% |
| Wisdom Capital | Choice Broking | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| 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. |
| Wisdom Capital Margin | Choice Broking 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. |
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| Wisdom Capital | Choice Broking | |
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| 3-in-1 Account |  |
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| Free Research And Tips | |
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| Wisdom Capital Review | Choice Broking Review | |
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30 Customer Reviews  |
14 Customer Reviews |
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| Broker Rating | Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews | Choice Broking is Rated 3.1 / 5 based on 14 customer reviews |
| Wisdom Capital Enquire | Choice Broking 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 | Choice Broking | |
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| Wisdom Capital | Choice Broking | |
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| Customer Care Number | 1800-123-9343 | 022-67079903, 9819545987 |
| Customer Care Email | accounts@wisdomcapital.in | nri@choiceindia.com |
| Wisdom Capital | Choice Broking | |
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| Wisdom Capital | Choice Broking | |
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Conclusion
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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. |
Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses. |
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
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