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

Wisdom Capital Logo

About 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

Choice Equity Broking Private Limited Logo

About Choice Broking
Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993. Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran... Know more about Choice Equity Broking Private Limited

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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)

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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%.

Account Type Wisdom Capital Pro Plan Choice Broking 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)

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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 20% of the trade value (5x leverage) based on the stock whereas the Choice Broking margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Wisdom Capital Choice Broking
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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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 No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform NEST Jiffy
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes
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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 4.1 of 5 based on 7 customer reviews.

  Wisdom Capital Choice Broking
  30 Customer Reviews    Rate Wisdom Capital 7 Customer Reviews    Rate Choice Broking
Fees 4.0 4.4
Brokerage 4.2 4.1
Trading Platform 3.3 4.4
Customer Service 3.4 4.0
Research Capabilities 2.8 4.2
Overall Ratings Rated 3.6 stars Rated 4.1 stars
Broker Rating Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews Choice Broking is rated 4.1 of 5 based on 7 customer reviews

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Contact Broker / Request A Call Back

  Wisdom Capital Enquire Choice Broking Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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Wisdom Capital Vs Choice Broking Investment Options

  Wisdom Capital Choice Broking
Stock / Equity No Yes
Commodity Yes Yes
Currency Yes Yes
IPO No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No No
Other Investment Options Portfolio Management Services, Insurance

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Wisdom Capital Vs Choice Broking Order Type Offered

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

  Wisdom Capital Choice Broking
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis No Yes
News Alerts No Yes

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Wisdom Capital Vs Choice Broking Suitable For Investor Type

  Wisdom Capital Choice Broking
Casual Investor Yes
Active Investor Yes
Trader

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Wisdom Capital Vs Choice Broking - Pros and Cons

  Wisdom Capital Choice Broking
Pros
  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.
  • 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.

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