Religare Vs Wisdom Capital (Compare Religare and Wisdom Capital)


Religare
Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services. Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group. Religare Securities offers retail broking, depository services and other related investme... Know more about Religare


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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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)
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Religare Vs Wisdom Capital Brokerage Charges & Plans

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
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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 No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Yes
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    Rate Religare 30 Customer Reviews    Rate Wisdom Capital
Fees 3.2 4.0
Brokerage 3.1 4.2
Trading Platform 3.0 3.3
Customer Service 2.9 3.4
Research Capabilities 3.2 2.8
Overall Ratings Rated 2.9 stars Rated 3.6 stars
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
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Contact Broker / Request A Call Back

  Religare Enquire Wisdom Capital Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
Leave your contact information and we will get in touch with you....
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Religare Vs Wisdom Capital Investment Options

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

  Religare 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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Religare Vs Wisdom Capital Research Report

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

  Religare Wisdom Capital
Casual Investor
Active Investor
Trader
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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.
  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
  • 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

Free Trading + Demat Account

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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