IIFL Vs Wisdom Capital (Compare IIFL and Wisdom Capital)
The side-by-side comparison of IIFL and Wisdom Capital. Compare IIFL Vs Wisdom Capital brokerage, charges, exposure margin, demat account. Read Wisdom Capital and IIFL review.
Find out IIFL Vs Wisdom Capital which is better and IIFL Vs Wisdom Capital which is best.
Our IIFL Securities Limited comparison with Wisdom Capital highlights the major differences between two brokers. Find the best between IIFL and Wisdom Capital.
IIFL Vs Wisdom Capital
IIFL
Wisdom Capital
Find more info about broker
About the Broker
Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading.
IIFL off...
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 an...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
NSE, BSE, MCX
BSE, NSE, MCX, NCDEX
Account Type
Standard Account
Pro Plan
Broker Enquiry
Year of Incorporation
1996
2013
Number of Branches
900
250
Enquire IIFL
Enquire Wisdom Capital
IIFL Vs Wisdom Capital Charges
IIFL
Wisdom Capital
Trading Account Opening Fees
₹750
₹0
Trading Account AMC
₹0
₹0
Demat Account Opening Fees
₹555
₹0 (Free)
Demat Account AMC
₹ 400 (One time)
₹999 (Lifetime)
Demat Account is Mandatory?
No
No
IIFL Vs Wisdom Capital Brokerage
Brokerage Plan 1
IIFL
Wisdom Capital
Account Type
Standard Account
Pro Plan
Fixed Charges
Equity Delivery Brokerage
0.50%
₹9 per executed order
Equity Intraday Brokerage
0.05%
₹9 per executed order
Equity Futures Brokerage
0.05%
₹9 per executed order
Equity Options Brokerage
1% of Premium or ₹100 per lot whichever is high
₹9 per executed order
Currency Futures Trading Brokerage
₹25 per lot
₹9 per executed order
Currency Options Trading Brokerage
1% of Premium or ₹100 per lot whichever is high
₹9 per executed order
Commodity Futures Trading Brokerage
0.05%
₹9 per executed order
Commodity Options Trading Brokerage
₹9 per executed order
Special Offer
Brokerage Plan 2
IIFL
Wisdom Capital
Account Type
Standard Account
Freedom Plan
Fixed Charges
₹999 per month per segment
Equity Delivery Brokerage
0.50%
₹0
Equity Intraday Brokerage
0.05%
₹0
Equity Futures Brokerage
0.05%
₹0
Equity Options Brokerage
1% of Premium or ₹100 per lot whichever is high
₹0
Currency Futures Trading Brokerage
₹25 per lot
₹0
Currency Options Trading Brokerage
1% of Premium or ₹100 per lot whichever is high
₹0
Commodity Futures Trading Brokerage
0.05%
₹0
Commodity Options Trading Brokerage
₹0
Other Charges
Minimum Brokerage Charges
₹0.05 per share
Other Brokerage Charges
Advisory SMS - ₹50 per month
Call & Trade Charges
₹50 per call
₹20 per executed order
IIFL Vs Wisdom Capital Taxes
IIFL
Wisdom Capital
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) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
IIFL Vs Wisdom Capital Transaction Charges
IIFL
Wisdom Capital
Equity Delivery
0.00325%
0.0035%
Equity Intraday
0.00325%
0.0035%
Equity Futures
0.0021%
0.0028%
Equity Options
0.051% on premium
0.06% (on premium)
Currency Futures
0.0021%
Currency Options
0.051% on premium
Commodity
0.0028%
0.0025%
IIFL Vs Wisdom Capital Exposure Margin
IIFL
Wisdom Capital
Equity Delivery
Upto 3x with 18% interest per year
5x to 40x (dependent on brokerage plan)
Equity Intraday
Upto 20x
5x to 40x (dependent on brokerage plan)
Equity Futures
Upto 3x
5x to 20x (dependent on brokerage plan)
Equity Options
3x for shorting
5x to 40x (dependent on brokerage plan)
Currency Futures
Upto 2x
4x to 15x (dependent on brokerage plan)
Currency Options
2x for shorting
4x to 15x (dependent on brokerage plan)
Commodity Futures
Upto 3x
5x to 20x (dependent on brokerage plan)
Commodity Options
IIFL and Wisdom Capital Feature Comparison
IIFL
Wisdom Capital
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
TT Exe, TT Web, IIFL Markets
NEST
Intraday Square-off Time
Other Features
Market Mantra, Loyalty Points
Referral Program
IIFL Vs Wisdom Capital Review
IIFL
Wisdom Capital
108 Customer Reviews
28 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
IIFL is Rated 2.7 / 5 based on 108 customer reviews Wisdom Capital is Rated 3.6 / 5 based on 28 customer reviews
IIFL Vs Wisdom Capital Investment Options
IIFL
Wisdom Capital
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
IIFL Vs Wisdom Capital Customer Service
IIFL
Wisdom Capital
24/7 Customer Service
Onine Live Chat
Through Branches
IIFL Vs Wisdom Capital Order Type Offered
IIFL
Wisdom Capital
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
IIFL Vs Wisdom Capital Research Report
IIFL
Wisdom Capital
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
IIFL Vs Wisdom Capital Suitable For Investor Type
IIFL
Wisdom Capital
Casual Investor
Active Investor
Trader
IIFL Vs Wisdom Capital - Advantages and Disadvantages
IIFL
Wisdom Capital
Pros
4000+ branches in 900+ cities make them your neighborhood broker.
Being a full service broker, they offer wide range of financial products and services.
IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
India Infoline Ltd is a publicly traded company listed at BSE and NSE.
More Advantages...
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.
More Advantages...
Cons
SMS alerts at additional ₹249 per month
Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
India Infoline doesn't provide 3-in-1 account.
More Disadvantages...
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 ₹550/pm for semi automated trading.
More Disadvantages...
Reviews
Promo / Offers
Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
Zerodha
Zero Account Opening Fee