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ICICIdirect Vs Wisdom Capital NRI Account Comparison

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

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

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

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ICICIdirect Vs Wisdom Capital

  ICICIdirect Wisdom Capital
 
  ICICI Securities Pvt Ltd. Logo Wisdom Capital Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. 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
Account Type NRI Account NRI Trading
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ICICIdirect Vs Wisdom Capital Charges

  ICICIdirect Wisdom Capital
NRI Account Opening Fees ₹4000
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 999 (Lifetime)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Wisdom Capital NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account Wisdom Capital NRI Trading
Equity Delivery 0.50% - 1.25%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95
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Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges
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%
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ICICIdirect Vs Wisdom Capital NRI Account Taxes/Fees

  ICICIdirect Wisdom Capital
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.

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ICICIdirect Vs Wisdom Capital NRI Account Margin

  ICICIdirect Margin Wisdom Capital 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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ICICIdirect and Wisdom Capital NRI Account Features

  ICICIdirect Wisdom Capital
3-in-1 Account Yes No
Automated Trading No Yes
Free Research And Tips Yes Yes
Other Features
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ICICIdirect Vs Wisdom Capital NRI Account Review

  ICICIdirect Review Wisdom Capital Review
  457 Customer Reviews    Rate ICICIdirect 30 Customer Reviews    Rate Wisdom Capital
Fees 2.2 4.0
Brokerage 1.7 4.2
Trading Platform 3.3 3.3
Customer Service 2.7 3.4
Overall Rating Rated 2.4 stars Rated 3.6 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 457 customer reviews Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Wisdom Capital Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Leave your contact information and we will get in touch with you....
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ICICIdirect Vs Wisdom Capital NRI Investment Options

  ICICIdirect Wisdom Capital
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance

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ICICIdirect Vs Wisdom Capital NRI Customer Service

  ICICIdirect Wisdom Capital
Customer Care Number +91-22-28307780 1800-123-9343
Customer Care Email nri@icicidirect.com accounts@wisdomcapital.in
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ICICIdirect Vs Wisdom Capital Order Type Offered for NRI Account

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

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ICICIdirect Vs Wisdom Capital - NRI Account Advantages and Disadvantages

  ICICIdirect Wisdom Capital
Pros
  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.
Cons
  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.
Conclusion

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.

Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

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