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Wisdom Capital Vs IIFL Securities NRI Account Comparison

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

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

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

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Wisdom Capital Vs IIFL Securities

  Wisdom Capital IIFL Securities
 
  Wisdom Capital Logo IIFL 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 IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities 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.

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

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Wisdom Capital Vs IIFL Securities Charges

  Wisdom Capital IIFL Securities
NRI Account Opening Fees ₹750
NRI Account AMC ₹400 + GST
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 999 (Lifetime) Rs 250 (Free for 1st year)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open IIFL Securities Account

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Wisdom Capital Vs IIFL Securities NRI Account Brokerage Comparison

Account Type Wisdom Capital NRI Trading IIFL Securities NRI Account
Equity Delivery 0.50%
Equity Futures
Equity Options
Open IIFL Securities Account

Other Charges

Contract Note Reporting Charges NA 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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Wisdom Capital Vs IIFL Securities NRI Account Taxes/Fees

  Wisdom Capital IIFL Securities
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 IIFL Securities NRI Account Margin

  Wisdom Capital Margin IIFL Securities 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 IIFL Securities NRI Account Features

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

  Wisdom Capital Review IIFL Securities Review
  30 Customer Reviews    Rate Wisdom Capital 124 Customer Reviews    Rate IIFL Securities
Fees 4.0 2.8
Brokerage 4.2 2.6
Trading Platform 3.3 3.2
Customer Service 3.4 2.6
Overall Rating Rated 3.6 stars Rated 2.7 stars
Broker Rating Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews IIFL Securities is Rated 2.7 / 5 based on 124 customer reviews
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Contact Broker / Request A Call Back

  Wisdom Capital Enquire IIFL Securities 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. Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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Wisdom Capital Vs IIFL Securities NRI Investment Options

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

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Wisdom Capital Vs IIFL Securities NRI Customer Service

  Wisdom Capital IIFL Securities
Customer Care Number 1800-123-9343 +91 22 4007 1000
Customer Care Email accounts@wisdomcapital.in cs@iifl.com
Open IIFL Securities Account

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Wisdom Capital Vs IIFL Securities Order Type Offered for NRI Account

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

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Wisdom Capital Vs IIFL Securities - NRI Account Advantages and Disadvantages

  Wisdom Capital IIFL Securities
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.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
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.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
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.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Open IIFL Securities Account

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