Wisdom Capital Vs Choice Broking (Compare Wisdom Capital and Choice Broking)

Wisdom Capital Vs Choice Broking

Incorporated in 2013, Wisdom Capital is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 250 branches across India. Incorporated in 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 branches across India.

	Wisdom Capital	Choice Broking
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation	2013	2010
Number of Branches	250	50
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Wisdom Capital Vs Choice Broking Charges & AMC

Wisdom Capital trading account opening charges is Rs 0 while Choice Broking account opening changes is Rs 0 (Free). Wisdom Capital Demat Account AMC Charges is Rs 999 (Lifetime) and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

	Wisdom Capital	Choice Broking
Trading Account Opening Charges	Rs 0	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 999 (Lifetime)	Rs 200 or as per plan. (1st year AMC free)

Wisdom Capital Vs Choice Broking Brokerage

Wisdom Capital brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

	Wisdom Capital	Choice Broking
Account Type	Pro Plan	Standard Plan
Fixed Charges
Equity Delivery	Rs 9 per executed order	0.20%
Equity Intraday	Rs 9 per executed order	0.02%
Equity Futures	Rs 9 per executed order	0.02%
Equity Options	Rs 9 per executed order	Rs 25 per lot
Currency Futures	Rs 9 per executed order	0.02%
Currency Options	Rs 9 per executed order	Rs 20 per lot
Commodity Futures	Rs 9 per executed order	0.02%
Commodity Options	Rs 9 per executed order	Rs 50 per lot
Special Offer

Wisdom Capital Vs Choice Broking Brokerage Plan 2

	Wisdom Capital	Choice Broking
Account Type	Freedom Plan	Standard Plan
Fixed Charges	Rs 999 per month per segment
Equity Delivery	Rs 0	0.20%
Equity Intraday	Rs 0	0.02%
Equity Futures	Rs 0	0.02%
Equity Options	Rs 0	Rs 25 per lot
Currency Futures	Rs 0	0.02%
Currency Options	Rs 0	Rs 20 per lot
Commodity Futures	Rs 0	0.02%
Commodity Options	Rs 0	Rs 50 per lot
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Wisdom Capital Charges Vs Choice Broking

Minimum Brokerage
Other Charges
Call & Trade Charges	Rs 20 per executed order	Rs 0 (Free)

Wisdom Capital Vs Choice Broking Transaction Charges

Wisdom Capital transaction charges for options is 0.06% (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	Wisdom Capital	Choice Broking
Equity Delivery	0.0035%	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday	0.0035%	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures	0.0028%	NSE Rs 240 per crore (0.0024%)
Equity Options	0.06% (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures		NSE Rs 90 per crore (0.0009%)
Currency Options		NSE Rs 4000 per crore (0.04%)
Commodity	0.0025%	Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Wisdom Capital Vs Choice Broking Leverage (Margin)

Wisdom Capital margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Choice Broking 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.

	Wisdom Capital	Choice Broking
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 Wisdom Capital and Choice Broking Features

The trading platforms offered Wisdom Capital include NEST. Choice Broking offers Jiffy trading software.

	Wisdom Capital	Choice Broking
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	NEST	Jiffy
Intraday Square-off Time		3:15 PM
Other Features
Referral Program
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Wisdom Capital Vs Choice Broking Review

Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews whereas Choice Broking is rated 4.0 of 5 based on 6 customer reviews.

	Wisdom Capital	Choice Broking
	30 Customer Reviews	6 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews	Choice Broking is rated 4.0 of 5 based on 6 customer reviews

Wisdom Capital Vs Choice Broking Investment Options

	Wisdom Capital	Choice Broking
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Portfolio Management Services, Insurance

Wisdom Capital Vs Choice Broking Order Type Offered

	Wisdom Capital	Choice Broking
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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Wisdom Capital Vs Choice Broking Research Report

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

Wisdom Capital Vs Choice Broking Suitable For Investor Type

	Wisdom Capital	Choice Broking
Casual Investor
Active Investor
Trader

Wisdom Capital Vs Choice Broking - Pros and Cons

	Wisdom Capital	Choice Broking
Pros	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.	Zero Account opening fee. Hassle free online Demat Account Opening. Offers a wide range of investment products Offers simple Trading Platforms to its customers. Offers multiple AMC plan options with lifetime free AMC and refundable AMC options. Free call and trade facility. Provides Margin Trading Facility MTF Services. Claim to have the most accurate and free research reports in the market with a 78% success ratio. Offers online IPO application services.
Cons	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.	Do not have Flexi brokerage plans. Does not offer 3-in-1 account services. Advanced order types like BO, CO, GTC not available. Margin calculator not available.
Reviews		Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS.
Promo / Offers
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