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Wisdom Capital Vs Religare NRI Account Comparison

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

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

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

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Wisdom Capital Vs Religare

  Wisdom Capital Religare
 
  Wisdom Capital Logo Religare 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 Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare
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.

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 Religare Charges

  Wisdom Capital Religare
NRI Account Opening Fees
NRI Account AMC
NRI Demat Account Opening Fees Rs 0 (Free) Nil
NRI Demat Account AMC Rs 999 (Lifetime) Rs 400 from second year onward
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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Wisdom Capital Vs Religare NRI Account Brokerage Comparison

Account Type Wisdom Capital NRI Trading Religare NRI Account
Equity Delivery
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges ODIN Diet: ₹999 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%
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Wisdom Capital Vs Religare NRI Account Taxes/Fees

  Wisdom Capital Religare
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 Religare NRI Account Margin

  Wisdom Capital Margin Religare 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 Religare NRI Account Features

  Wisdom Capital Religare
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 Religare NRI Account Review

  Wisdom Capital Review Religare Review
  30 Customer Reviews    Rate Wisdom Capital 77 Customer Reviews    Rate Religare
Fees 4.0 3.2
Brokerage 4.2 3.1
Trading Platform 3.3 3.0
Customer Service 3.4 2.9
Overall Rating Rated 3.6 stars Rated 2.9 stars
Broker Rating Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews Religare is Rated 2.9 / 5 based on 77 customer reviews

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Contact Broker / Request A Call Back

  Wisdom Capital Enquire Religare 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 Religare NRI Investment Options

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

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Wisdom Capital Vs Religare NRI Customer Service

  Wisdom Capital Religare
Customer Care Number 1800-123-9343 0120 6130300
Customer Care Email accounts@wisdomcapital.in wecare@religareonline.com

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Wisdom Capital Vs Religare Order Type Offered for NRI Account

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

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Wisdom Capital Vs Religare - NRI Account Advantages and Disadvantages

  Wisdom Capital Religare
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.
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
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 higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before trading.
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.

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

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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