Wisdom Capital Vs Fyers (Compare Wisdom Capital and Fyers)

Wisdom Capital Vs Fyers

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 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

	Wisdom Capital	Fyers
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	NSE, MCX
Year of Incorporation	2013	2015
Number of Branches	250	0
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Wisdom Capital Vs Fyers Charges & AMC

Wisdom Capital trading account opening charges is Rs 0 while Fyers account opening changes is Rs 0 (Free). Wisdom Capital Demat Account AMC Charges is Rs 999 (Lifetime) and Fyers Demat Account AMC Charges is Rs 300.

	Wisdom Capital	Fyers
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 300

Wisdom Capital Vs Fyers Brokerage

Wisdom Capital brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

	Wisdom Capital	Fyers
Account Type	Pro Plan	Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	Rs 9 per executed order	Rs 0 (Free)
Equity Intraday	Rs 9 per executed order	Rs 20 per executed order or .03% whichever is lower
Equity Futures	Rs 9 per executed order	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 9 per executed order	Rs 20 per executed order
Currency Futures	Rs 9 per executed order	Rs 20 per executed order or .03% whichever is lower
Currency Options	Rs 9 per executed order	Rs 20 per executed order
Commodity Futures	Rs 9 per executed order	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Rs 9 per executed order	Rs 20 per executed order
Special Offer		Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Wisdom Capital Vs Fyers Brokerage Plan 2

	Wisdom Capital	Fyers
Account Type	Freedom Plan	Flat Fee Brokerage Plan
Fixed Charges	Rs 999 per month per segment	NA
Equity Delivery	Rs 0	Rs 0 (Free)
Equity Intraday	Rs 0	Rs 20 per executed order or .03% whichever is lower
Equity Futures	Rs 0	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 0	Rs 20 per executed order
Currency Futures	Rs 0	Rs 20 per executed order or .03% whichever is lower
Currency Options	Rs 0	Rs 20 per executed order
Commodity Futures	Rs 0	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Rs 0	Rs 20 per executed order
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Wisdom Capital Charges Vs Fyers

Minimum Brokerage		Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges		Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges	Rs 20 per executed order	Rs 20 per trade

Wisdom Capital Vs Fyers Transaction Charges

Wisdom Capital transaction charges for options is 0.06% (on premium) while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).

	Wisdom Capital	Fyers
Equity Delivery	0.0035%	Rs 325 per Cr (0.00325%)
Equity Intraday	0.0035%	Rs 325 per Cr (0.00325%)
Equity Futures	0.0028%	Rs 240 per Cr (0.0024%)
Equity Options	0.06% (on premium)	Rs 5900 per Cr (on premium) (0.059%)
Currency Futures		Rs 240 per Cr (0.0024%)
Currency Options		Rs 5900 per Cr (on premium) (0.059%)
Commodity	0.0025%	NA
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Wisdom Capital Vs Fyers 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 Fyers 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	Fyers
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 Fyers Features

The trading platforms offered Wisdom Capital include NEST. Fyers offers Fyers One (In-house build) trading software.

	Wisdom Capital	Fyers
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	Fyers One (In-house build)
Intraday Square-off Time		3:20 PM
Other Features		Brokerage free thematic investing is available
Referral Program
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Wisdom Capital Vs Fyers Review

Wisdom Capital is rated 3.6 of 5 based on 30 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

	Wisdom Capital	Fyers
	30 Customer Reviews	21 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	Fyers is rated 3.2 of 5 based on 21 customer reviews

Wisdom Capital Vs Fyers Investment Options

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

Wisdom Capital Vs Fyers Order Type Offered

	Wisdom Capital	Fyers
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 Fyers Research Report

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

Wisdom Capital Vs Fyers Suitable For Investor Type

	Wisdom Capital	Fyers
Casual Investor
Active Investor
Trader

Wisdom Capital Vs Fyers - Pros and Cons

	Wisdom Capital	Fyers
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.	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!
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.	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.
Reviews
Promo / Offers		Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
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