ICICIdirect Vs Wisdom Capital NRI Account Comparison

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.

1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
3. It offers an online trading facility with automatic fund transfer and PIS reporting.
4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
6. It has a very stable trading platform.

• 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.

1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.

• 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.

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

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.