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Zerodha Vs Wisdom Capital Share Broker Comparison

The side-by-side comparison of Zerodha and Wisdom Capital stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and Wisdom Capital's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and Wisdom Capital.

  Zerodha Wisdom Capital
 
Zerodha Logo Wisdom Capital Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha 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 an... Know more about Wisdom Capital
Type of Broker Discount Broker Discount Broker
Supported Exchnage NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX
Account Type Standard Plan Rs 9 per trade plan
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Wisdom Capital. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Zerodha Wisdom Capital
Trading Account Opening Fees ₹300 Rs 0
Trading Account AMC ₹0 (Free) Rs 0
Demat Account Opening Fees ₹100 Rs 0
Demat Account AMC ₹300 Rs 999 (Lifetime)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha Wisdom Capital
Account Type Standard Plan Rs 9 per trade plan
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) Rs 9
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower Rs 9
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower Rs 9
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower Rs 9
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 9
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 9
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 9
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  Zerodha Wisdom Capital
Account Type Standard Plan Rs 999 per month plan
Fixed Charges Rs 999
Equity Delivery Brokerage ₹0 (Free) Rs 0
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 3

  Zerodha Wisdom Capital
Account Type Standard Plan Rs 5555 per year plan
Fixed Charges Rs 5555
Equity Delivery Brokerage ₹0 (Free) Rs 0
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs 0
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹20 per executed order
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Taxes

  Zerodha Wisdom Capital
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Zerodha Wisdom Capital
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) 0.0035%
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) 0.0035%
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) 0.0028%
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) 0.06% (on premium)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity Group A - ₹260 per Cr (0.0026%) 0.0025%
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Exposure

  Zerodha Wisdom Capital
Equity Delivery 1x (no margin) 5x to 40x (dependent on brokerage plan)
Equity Intraday Up to 20x (based on the stock) 5x to 40x (dependent on brokerage plan)
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 5x to 20x (dependent on brokerage plan)
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 5x to 40x (dependent on brokerage plan)
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 4x to 15x (dependent on brokerage plan)
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 4x to 15x (dependent on brokerage plan)
Commodity Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span 5x to 20x (dependent on brokerage plan)
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Share Broker Features

  Zerodha Wisdom Capital
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts No Yes
Online Demo Yes No
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile NEST
Intraday Square-off Time 3:10 PM
Other Features Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  Zerodha Wisdom Capital
  330 Customer Reviews    Rate Zerodha 21 Customer Reviews    Rate Wisdom Capital
Fees Ratings 3.8 3.8
Trading Brokerage Rating 4.4 4.2
Trading Platform Usability 3.6 3.2
Customer Service Ratings 3.5 3.1
Overall Ratings Rated 3.7 stars Rated 3.4 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews Wisdom Capital is Rated 3.4 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Wisdom Capital
Contact / Request Call Back
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Investment Options Available

  Zerodha Wisdom Capital
Stock / Equity Yes No
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes No
Bond / NCD No No
Debt No No
Other Investment Options
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Customer Service Offered

  Zerodha Wisdom Capital
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches No No
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Order Type

  Zerodha Wisdom Capital
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
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Research / Tips / Reports Published

  Zerodha Wisdom Capital
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No No
News Alerts No No
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Suitable for Investor Category

  Zerodha Wisdom Capital
Casual Investor
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Zerodha Wisdom Capital
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

  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.

More Advantages...

Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

  • 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.

More Disadvantages...

Reviews Useful Articles about Zerodha:
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