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Wisdom Capital Vs Choice Broking NRI Account Comparison

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

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

Our Wisdom Capital comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between Wisdom Capital and Choice Broking NRI Account.

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Wisdom Capital Vs Choice Broking

  Wisdom Capital Choice Broking
 
  Wisdom Capital Logo Choice Equity Broking Private Limited 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 Choice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NR... Know more about Choice Equity Broking Private Limited
Account Type NRI Trading NRI Trading
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Wisdom Capital Vs Choice Broking Charges

  Wisdom Capital Choice Broking
NRI Account Opening Fees ₹0
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 999 (Lifetime) Rs 200 or as per plan. (1st year AMC free)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Wisdom Capital Vs Choice Broking NRI Account Brokerage Comparison

Account Type Wisdom Capital NRI Trading Choice Broking NRI Trading
Equity Delivery 0.50%
Equity Futures 0.03%
Equity Options ₹100 per lot
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Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - ₹200 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 Choice Broking NRI Account Taxes/Fees

  Wisdom Capital Choice Broking
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 Choice Broking NRI Account Margin

  Wisdom Capital Margin Choice Broking 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 Choice Broking NRI Account Features

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

  Wisdom Capital Review Choice Broking Review
  30 Customer Reviews    Rate Wisdom Capital 9 Customer Reviews    Rate Choice Broking
Fees 4.0 4.2
Brokerage 4.2 3.6
Trading Platform 3.3 3.8
Customer Service 3.4 3.6
Overall Rating Rated 3.6 stars Rated 3.6 stars
Broker Rating Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews Choice Broking is Rated 3.6 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Wisdom Capital Enquire Choice Broking Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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Wisdom Capital Vs Choice Broking NRI Investment Options

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

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Wisdom Capital Vs Choice Broking NRI Customer Service

  Wisdom Capital Choice Broking
Customer Care Number 1800-123-9343 022-67079903, 9819545987
Customer Care Email accounts@wisdomcapital.in nri@choiceindia.com
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Wisdom Capital Vs Choice Broking Order Type Offered for NRI Account

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

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Wisdom Capital Vs Choice Broking - NRI Account Advantages and Disadvantages

  Wisdom Capital Choice Broking
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.
  • Free account opening.
  • Advisory services with access to a wide range of research reports.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Dedicated relationship manager.
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.
  • Higher brokerage charges when compared to other discount brokers.
  • Do not offer 3-in-1 account services.
  • Do not provide an online account opening facility.
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.

Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses.

Promo / Offers
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