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


IDBI Capital
Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India. IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder). IDBI Capital of... Know more about IDBI Capital Markets and Securities Ltd


Wisdom Capital
Incorporated in 2013, Wisdom Capital is an online discount brokerage firm offering brokerage services for stocks, future and options, currency and commodities on NSE, BSE, MCX & NCDEX. Wisdom Capital Group offers broker assisted trade execution and automated online investing on all the stocks in BSE and NSE. They provide tools like charting, live data etc either free of cost or at a minimal price for making informed decisions and substantial gains. Wisdom Capital offers precious metal futu... Know more about Wisdom Capital

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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)
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IDBI Capital Vs Wisdom Capital Brokerage Charges & Plans

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
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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 Yes No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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    Rate IDBI Capital 30 Customer Reviews    Rate Wisdom Capital
Fees 3.2 4.0
Brokerage 2.6 4.2
Trading Platform 2.6 3.3
Customer Service 2.8 3.4
Research Capabilities 2.7 2.8
Overall Ratings Rated 2.7 stars Rated 3.6 stars
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
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Contact Broker / Request A Call Back

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IDBI Capital Vs Wisdom Capital Investment Options

  IDBI Capital Wisdom Capital
Stock / Equity Yes No
Commodity No Yes
Currency No Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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IDBI Capital Vs Wisdom Capital Order Type Offered

  IDBI Capital Wisdom Capital
Bracket Order No No
Cover Order No Yes
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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IDBI Capital Vs Wisdom Capital Research Report

  IDBI Capital Wisdom Capital
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes No
News Alerts Yes No
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IDBI Capital Vs Wisdom Capital Suitable For Investor Type

  IDBI Capital Wisdom Capital
Casual Investor Yes
Active Investor
Trader
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IDBI Capital Vs Wisdom Capital - Pros and Cons

  IDBI Capital Wisdom Capital
Pros - Prepaid plans are available for volume traders.
  1. Trade all market segments i.e. NSE Cash, F&O, Currency and MCX Commodities with single trading terminal.
  2. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  3. Trading Software's including website, mobile app and installable trading terminals are available for free.
  4. No minimum brokerage.
  5. They allow to trade Nifty with 3000, Crude with 3000 & Mega Gold with 9000 margins.
  6. 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.
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