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Wisdom Capital Vs IDBI Capital NRI Account Comparison

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

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

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

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Wisdom Capital Vs IDBI Capital

  Wisdom Capital IDBI Capital
 
  Wisdom Capital Logo IDBI Capital Markets and Securities 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 IDBI Bank, a leading private bank in India, offers a wide range of investment options to NRIs through a 3-in-1 account. IDBI Bank offers banking, loans, capital market, PMS, etc. services to NRIs. With the IDBI Bank PIS account, NRIs can buy/sell sha... Know more about IDBI Capital Markets and Securities Ltd
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.


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Wisdom Capital Vs IDBI Capital Charges

  Wisdom Capital IDBI Capital
NRI Account Opening Fees ₹1500
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) NIL
NRI Demat Account AMC Rs 999 (Lifetime) Rs 450
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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Wisdom Capital Vs IDBI Capital NRI Account Brokerage Comparison

Account Type Wisdom Capital NRI Trading IDBI Capital NRI Trading
Equity Delivery 0.50%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Processing Charge: ₹75 per transaction
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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Wisdom Capital Vs IDBI Capital NRI Account Taxes/Fees

  Wisdom Capital IDBI 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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Wisdom Capital Vs IDBI Capital NRI Account Margin

  Wisdom Capital Margin IDBI 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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Wisdom Capital and IDBI Capital NRI Account Features

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

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Wisdom Capital Vs IDBI Capital NRI Account Review

  Wisdom Capital Review IDBI Capital Review
  30 Customer Reviews    Rate Wisdom Capital 41 Customer Reviews    Rate IDBI Capital
Fees 4.0 3.2
Brokerage 4.2 2.5
Trading Platform 3.3 2.6
Customer Service 3.4 2.8
Overall Rating Rated 3.6 stars Rated 2.6 stars
Broker Rating Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews IDBI Capital is Rated 2.6 / 5 based on 41 customer reviews

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Contact Broker / Request A Call Back

  Wisdom Capital Enquire IDBI Capital 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.
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Wisdom Capital Vs IDBI Capital NRI Investment Options

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

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Wisdom Capital Vs IDBI Capital NRI Customer Service

  Wisdom Capital IDBI Capital
Customer Care Number 1800-123-9343 1800-22-3366, 022-3913 5001
Customer Care Email accounts@wisdomcapital.in custcare@idbidirect.in

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Wisdom Capital Vs IDBI Capital Order Type Offered for NRI Account

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

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Wisdom Capital Vs IDBI Capital - NRI Account Advantages and Disadvantages

  Wisdom Capital IDBI Capital
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.
  • Offers 3-in-1 accounts which makes the trading experience fast and smooth.
  • Provides research and recommendation tips.
  • Offers instant online account opening facility.
  • Works as a custodial to settle equity derivatives trades for NRIs.
  • Offers in-house mutual funds under different segments.
  • After Market Order (AMO) facility.
  • Equity SIP is available.
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.
  • Brokerage charges are comparatively higher than discount brokers.
  • Online trading is not available to USA and Canada based NRIs.
  • Offers comparatively lower interest rates on NRI savings bank account.
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.

IDBI is a full-service broker offering a range of investment options to NRIs. IDBI NRI 3-in-1 Account makes stock market investment simple and hassle-free. NRIs also get RM assistance and investment advice from experts. It has a network across 40+ countries to offer NRI services. The broker also works as a custodian for trade clearance and settlement which reduces the extra cost for NRIs. IDBI is recommended for NRIs who are a casual investor and prefer convenience over the trading costs.

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

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