ICICI Direct Vs Wisdom Capital (Compare ICICI Direct and Wisdom Capital)

ICICI Direct Vs Wisdom Capital

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2013, Wisdom Capital is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 250 branches across India.

	ICICI Direct	Wisdom Capital
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX, NCDEX
Year of Incorporation	2000	2013
Number of Branches	154	250
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ICICI Direct Vs Wisdom Capital Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while Wisdom Capital account opening changes is Rs 0. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Wisdom Capital Demat Account AMC Charges is Rs 999 (Lifetime).

	ICICI Direct	Wisdom Capital
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 999 (Lifetime)

ICICI Direct Vs Wisdom Capital Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Wisdom Capital brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order.

	ICICI Direct	Wisdom Capital
Account Type	ICICI Neo Plan	Pro Plan
Fixed Charges	NA
Equity Delivery	0.55%	Rs 9 per executed order
Equity Intraday	Rs 20 per order	Rs 9 per executed order
Equity Futures	Rs 0 (Free)	Rs 9 per executed order
Equity Options	Rs 20 per order	Rs 9 per executed order
Currency Futures	Rs 20 per order	Rs 9 per executed order
Currency Options	Rs 20 per order	Rs 9 per executed order
Commodity Futures	Rs 20 per order	Rs 9 per executed order
Commodity Options	Rs 20 per order	Rs 9 per executed order
Special Offer	Special Offer: ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICI Direct Vs Wisdom Capital Brokerage Plan 2

	ICICI Direct	Wisdom Capital
Account Type	I-Secure Plan	Freedom Plan
Fixed Charges	NA	Rs 999 per month per segment
Equity Delivery	0.55%	Rs 0
Equity Intraday	0.275%	Rs 0
Equity Futures	0.05%	Rs 0
Equity Options	Rs 95 per lot	Rs 0
Currency Futures	Rs 20 per order	Rs 0
Currency Options	Rs 20 per order	Rs 0
Commodity Futures	Rs 20 per order	Rs 0
Commodity Options	Rs 20 per order	Rs 0
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ICICI Direct Charges Vs Wisdom Capital

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)
Other Charges	Margin Trading Interest: 0.025% Per day
Call & Trade Charges	Rs 50 per trade	Rs 20 per executed order

ICICI Direct Vs Wisdom Capital Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Wisdom Capital exchange transaction charges for options is 0.06% (on premium).

	ICICI Direct	Wisdom Capital
Equity Delivery	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	0.0035%
Equity Intraday	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	0.0035%
Equity Futures	Rs 180 per Cr (0.0018%)	0.0028%
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	0.06% (on premium)
Currency Futures	Rs 120 per Cr (0.0012%)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	0.0025%
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ICICI Direct Vs Wisdom Capital Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Wisdom Capital margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	ICICI Direct	Wisdom Capital
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare ICICI Direct and Wisdom Capital Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Wisdom Capital offers NEST trading software.

	ICICI Direct	Wisdom Capital
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App	NEST
Intraday Square-off Time	3:30 PM
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs Wisdom Capital Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews.

	ICICI Direct	Wisdom Capital
	449 Customer Reviews	30 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 449 customer reviews	Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews

ICICI Direct Vs Wisdom Capital Investment Options

	ICICI Direct	Wisdom Capital
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICI Direct Vs Wisdom Capital Order Type Offered

	ICICI Direct	Wisdom Capital
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICI Direct Vs Wisdom Capital Research Report

	ICICI Direct	Wisdom Capital
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs Wisdom Capital Suitable For Investor Type

	ICICI Direct	Wisdom Capital
Casual Investor
Active Investor
Trader

ICICI Direct Vs Wisdom Capital - Pros and Cons

	ICICI Direct	Wisdom Capital
Pros	Offers 3-in-1 account which makes stock market investment very easy for casual investors. Wide range of investment options available under one portal. Provides a low bandwidth website which works well where internet connection is slow. GTC (good till cancellation) and off-market hours order placement facility is very useful.	Trade all market segments i.e. NSE Cash, F&O, Currency and MCX Commodities with single trading terminal. Monthly unlimited trading plans available for trading at NSE, BSE and MCX. Trading Software's including website, mobile app and installable trading terminals are available for free. No minimum brokerage. They allow to trade Nifty with 3000, Crude with 3000 & Mega Gold with 9000 margins. They offers semi & fully automated Algo trading.
Cons	ICICI Security charges highest brokerage in comparison to most of the retail brokers in India. Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower. Poor performance of website is reported in peak hours of trading. Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750. Demat Account is mandatory. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	Wisdom Capital doesn't offer 3-in-1 account. Wisdom Capital doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS). Algo trading is available with additional charges at Rs 550/pm for semi automated trading.
Reviews
Promo / Offers	ICICIDirect Neo Plan (Discount Brokerage) Open a 3-in-1 account with Neo Plan for: Free Account Opening Brokerage-Free Equity Futures trading Flat Rs 20 per trade brokerage (Intraday and F&O) in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 30 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now
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