Religare Vs Wisdom Capital (Compare Religare and Wisdom Capital)

Religare Vs Wisdom Capital

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 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.

	Religare	Wisdom Capital
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX
Year of Incorporation	1994	2013
Number of Branches	1500	250
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Religare Vs Wisdom Capital Charges & AMC

Religare trading account opening charges is Rs 500 while Wisdom Capital account opening changes is Rs 0. Religare Demat Account AMC Charges is Rs 400 from second year onward and Wisdom Capital Demat Account AMC Charges is Rs 999 (Lifetime).

	Religare	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 400 from second year onward	Rs 999 (Lifetime)

Religare Vs Wisdom Capital Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Wisdom Capital brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order.

	Religare	Wisdom Capital
Account Type	My Saver Online Plan	Pro Plan
Fixed Charges
Equity Delivery	0.50% to 0.10%	Rs 9 per executed order
Equity Intraday	0.050% to 0.010%	Rs 9 per executed order
Equity Futures	0.05%	Rs 9 per executed order
Equity Options	Rs 70 per lot	Rs 9 per executed order
Currency Futures	0.05%	Rs 9 per executed order
Currency Options	Rs 30 per lot	Rs 9 per executed order
Commodity Futures	0.05%	Rs 9 per executed order
Commodity Options	Rs 30 per lot	Rs 9 per executed order
Special Offer	Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Vs Wisdom Capital Brokerage Plan 2

	Religare	Wisdom Capital
Account Type	My Saver Online Plan	Freedom Plan
Fixed Charges		Rs 999 per month per segment
Equity Delivery	0.50% to 0.10%	Rs 0
Equity Intraday	0.050% to 0.010%	Rs 0
Equity Futures	0.05%	Rs 0
Equity Options	Rs 70 per lot	Rs 0
Currency Futures	0.05%	Rs 0
Currency Options	Rs 30 per lot	Rs 0
Commodity Futures	0.05%	Rs 0
Commodity Options	Rs 30 per lot	Rs 0
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Religare Charges Vs Wisdom Capital

Minimum Brokerage	1p per share
Other Charges
Call & Trade Charges	Rs 10 per executed order (max Rs 50 per day)	Rs 20 per executed order

Religare Vs Wisdom Capital Transaction Charges

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

	Religare	Wisdom Capital
Equity Delivery	0.0037%	0.0035%
Equity Intraday	0.0037%	0.0035%
Equity Futures	0.004%	0.0028%
Equity Options	0.06% on Premium	0.06% (on premium)
Currency Futures	0.004%
Currency Options	0.06% on Premium
Commodity	0.0035%	0.0025%
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Religare Vs Wisdom Capital Leverage (Margin)

Religare 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.

	Religare	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 Religare and Wisdom Capital Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Wisdom Capital offers NEST trading software.

	Religare	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	Odin Diet, Web, Dynami	NEST
Intraday Square-off Time
Other Features	Mutual Fund, EMI Calculator
Referral Program
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Religare Vs Wisdom Capital Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews.

	Religare	Wisdom Capital
	77 Customer Reviews	30 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Religare is rated 2.9 of 5 based on 77 customer reviews	Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews

Religare Vs Wisdom Capital Investment Options

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

Religare Vs Wisdom Capital Order Type Offered

	Religare	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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Religare Vs Wisdom Capital Research Report

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

Religare Vs Wisdom Capital Suitable For Investor Type

	Religare	Wisdom Capital
Casual Investor
Active Investor
Trader

Religare Vs Wisdom Capital - Pros and Cons

	Religare	Wisdom Capital
Pros	3 to 4 times exposure is given in cash as well as F&O segment.	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	EXE Based trading terminal are available for Rs 999 per annum. Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).	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	Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year. This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you.
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