Wisdom Capital Vs Trustline 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.

• 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 web and mobile app-based NRI trading and investment platform.
• Charges lower brokerage for investing in equity and equity derivatives.
• Doesn't have a minimum brokerage charge which is good for small investors.
• Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
• Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
• Trustline works as a clearing and settlement member which reduces the overall cost for investors.
• Facilitates IPO bidding for resident and non-resident Indian investors.

• 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.

• Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
• Doesn't offer Bracket Order facility.
• Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
• Allows only Axis bank to open NRI bank account.

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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.