IDBI Capital Vs Wisdom Capital (Compare IDBI Capital and Wisdom Capital)

IDBI Capital Vs Wisdom Capital

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 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.

	IDBI Capital	Wisdom Capital
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, NSDL	BSE, NSE, MCX, NCDEX
Year of Incorporation	1993	2013
Number of Branches	14	250
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IDBI Capital Vs Wisdom Capital Charges & AMC

IDBI Capital trading account opening charges is Rs 500 while Wisdom Capital account opening changes is Rs 0. IDBI Capital Demat Account AMC Charges is Rs 450 and Wisdom Capital Demat Account AMC Charges is Rs 999 (Lifetime).

	IDBI Capital	Wisdom Capital
Trading Account Opening Charges	Rs 500	Rs 0
Trading Account AMC Charges	NIL	Rs 0
Demat Account Opening Charges	NIL	Rs 0 (Free)
Demat Account AMC Charges	Rs 450	Rs 999 (Lifetime)

IDBI Capital Vs Wisdom Capital Brokerage

IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05% whereas Wisdom Capital brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order.

	IDBI Capital	Wisdom Capital
Account Type	Standard Plan	Pro Plan
Fixed Charges
Equity Delivery	0.50%	Rs 9 per executed order
Equity Intraday	0.05%	Rs 9 per executed order
Equity Futures	0.05%	Rs 9 per executed order
Equity Options	Rs 100 per lot	Rs 9 per executed order
Currency Futures	NA	Rs 9 per executed order
Currency Options	NA	Rs 9 per executed order
Commodity Futures	NA	Rs 9 per executed order
Commodity Options	NA	Rs 9 per executed order
Special Offer

IDBI Capital Vs Wisdom Capital Brokerage Plan 2

	IDBI Capital	Wisdom Capital
Account Type	Ace Trader Plan	Freedom Plan
Fixed Charges		Rs 999 per month per segment
Equity Delivery	0.10% to 0.50%	Rs 0
Equity Intraday	0.020% to 0.050%	Rs 0
Equity Futures	0.020% to 0.048%	Rs 0
Equity Options	Rs 100 per lot	Rs 0
Currency Futures		Rs 0
Currency Options		Rs 0
Commodity Futures		Rs 0
Commodity Options		Rs 0
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IDBI Capital Charges Vs Wisdom Capital

Minimum Brokerage	Rs 25 per trade or 2.5% of the trade value whichever is lower.
Other Charges
Call & Trade Charges	Nil	Rs 20 per executed order

IDBI Capital Vs Wisdom Capital Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while Wisdom Capital exchange transaction charges for options is 0.06% (on premium).

	IDBI Capital	Wisdom Capital
Equity Delivery	0.00325%	0.0035%
Equity Intraday	0.00325%	0.0035%
Equity Futures	0.0019%	0.0028%
Equity Options	0.051% on premium	0.06% (on premium)
Currency Futures	NA
Currency Options	NA
Commodity	NA	0.0025%
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IDBI Capital Vs Wisdom Capital Leverage (Margin)

IDBI Capital 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.

	IDBI Capital	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 IDBI Capital and Wisdom Capital Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. Wisdom Capital offers NEST trading software.

	IDBI Capital	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	Power Pro, Power Streaming, IDBI Direct	NEST
Intraday Square-off Time	3:00 PM
Other Features	Morning Report, Equity SIP, Investment Guide
Referral Program
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IDBI Capital Vs Wisdom Capital Review

IDBI Capital is rated 2.7 of 5 based on 40 customer reviews whereas Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews.

	IDBI Capital	Wisdom Capital
	40 Customer Reviews	30 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IDBI Capital is rated 2.7 of 5 based on 40 customer reviews	Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews

IDBI Capital Vs Wisdom Capital Investment Options

	IDBI Capital	Wisdom Capital
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

IDBI Capital Vs Wisdom Capital Order Type Offered

	IDBI Capital	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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IDBI Capital Vs Wisdom Capital Research Report

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

IDBI Capital Vs Wisdom Capital Suitable For Investor Type

	IDBI Capital	Wisdom Capital
Casual Investor
Active Investor
Trader

IDBI Capital Vs Wisdom Capital - Pros and Cons

	IDBI Capital	Wisdom Capital
Pros	- Prepaid plans are available for volume traders.	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	- Additional charge of Rs 2000 per year for installable trading platform.	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
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