This article will cover the overall aspects of these two discounts stock brokers 5Paisa Vs Wisdom Capital, will let you decide for yourself, which suits you more by giving you a side by side comparison of two of the most significant discount brokers.
If you, too, are looking for a 360-degree view on the difference and comparison of these two, then this post is a must-read for you.
This post will cover the overall aspects of these two stockbrokers and will let you decide for yourself, which suits you more by giving you a side by side comparison of two of the most significant discount brokers.
However, before we get onto the comparison and let you to decide which one will benefit you more, let us take a glance at what exactly brokerage charges are and why it is essential to choose your stock broker carefully.
Full-service stockbrokers charge a brokerage or a fee as a percentage of your overall trading turnover. Let’s take, for example, a situation.
If you have placed a trade of Rs, ten thousand for equity delivery, and the percentage your broker charges you with is 0.4% or 40 paise, then you will be charged Rs. 40 as the total brokerage charge for that one particular trade.
However, here we are talking about two discount stock brokers. The difference here is that discount brokers charge a fixed and flat rate of brokerage, which is irrespective of the trade value you indulge in. It could cost Rs. 10 or Rs. 20 as per they wish to keep it.
The two have been compared based on Capital brokerage, exposure margin, charges, and demat account. The comparison is based on over a hundred different attributes to reach a clear and distinctive point of conclusion.
Here are the basis on which 5Paisa and Wisdom Capital have been compared and analyzed:
- Charges
- Brokerage plan 1
- Brokerage plan 2
- Transactional charges
- Exposure margin
- Feature comparison
- Investment options
- Customer service
- Order type offered
- Research report
- Suitable for which investor
- Advantages and disadvantages of each
5Paisa vs Wisdom Capital
| Basis | 5Paisa | Wisdom Capital |
| About the broker | 5Paisa is a discount broker in India and stands at the 2nd position of the best ones. It is based in the city of Mumbai in India.It is a fragment of IIFL, also known as India Infoline. India Infoline is our country’sforemosteconomic services company.Around thelatter half of 2016, 5paisa was re-launched for the purpose of online retail broking along with new brokerage model and plans. 5paisa offer services of online mutual funds, online trading, personal loans, andonline insurances. | Wisdom Capital was incorporated in 2013 and is an online discount brokerage firm that offers brokerage services for currency and commodities, future and options, stocks on NCDEX, MCX, BSE, and NSE. They also provide tools like live data, charting, etc. at either bare minimum cost or free of charges. These tools help the buyer in making informed decisions and choices. |
| Supported Exchange | BSE, NSE, MCX-SX | SX, USE, BSE, NSE, NCDEX, MCX |
| Type of broker | Discount Broker | Discount Broker |
| Year of Incorporation | 2015 | 2013 |
| Account Type | Flat rate Plan | ProPlan |
| Number of Branches in India | 2 | 250 |
5Paisa vs Wisdom Capital Charges
There are a good amount of difference between the charges pressed by 5Paisa and Wisdom Capital. 5Paisa charges Rs 650 fir account opening while Wisdom Capital does it for free.
| Basis | 5Paisa | Wisdom Capital |
| Trading Account AMC | Free | Rupees 0 |
| Trading Account Opening Fees | Rupees 250 | Rupees 0 |
| Demat Account AMC | Rupees 400 | Rupees 999 (lifetime) |
| Demat Account Opening Fees | free | Free |
| Demat Account Status | Not Mandatory | Not Mandatory |
5Paisa vs Wisdom Capital Charges Brokerage
5Paisa is a discount broker and charges a flat fee of Rs 10 per executed order for currency & commodities, Equity F&O, and Equity Cash. By far, the brokerage plans by these two brokers is the lowest. Wisdom Capital, on the other hand, charges Rs 9 per trade on your Pro Plan.
Brokerage Plan 1
| 5Paisa | Wisdom Capital | |
| Flat Rate Plan | ProPlan | |
| Equity Intraday | Rupees 10 every executed order | Rupees. 9 everyexecuted order |
| Fixed Charges | NA | |
| Equity Options | Rupees. 10 everyexecuted order | Rupees. 9 everyexecuted order |
| Equity Futures | Rupees. 10 everyexecuted order | Rupees. 9 everyexecuted order |
| Currency Options Trading | Rupees. 10 everyexecuted order | Rupees. 9 everyexecuted order |
| Commodity Futures Trading | Rupees. 10 everyexecuted order | Rupees. 9 everyexecuted order |
| Currency Futures Trading | Rupees. 10 everyexecuted order | Rupees. 9 everyexecuted order |
| Commodity Options Trading | Rupees. 10 everyexecuted order | Rupees. 9 pe every executed order |
5Paisa vs Wisdom Capital Charges Brokerage
Brokerage Plan 2
| 5Paisa | Wisdom Capital | |
| Flat Rate Plan | Freedom Plan | |
| Equity Delivery | Rupees 10 everyexecuted order | Rupees. 0 |
| Fixed Charges | NA | Rupeeseverymonth per segment |
| Equity Futures | Rupees. 10 everyexecuted order | Rupees. 0 |
| Equity Intraday | Rupees. 10 everyexecuted order | Rupees. 0 |
| Currency Futures Trading | Rupees. 10 everyexecuted order | Rupees. 0 |
| Equity Options | Rupees. 10 everyexecuted order | Rupees 0 |
| Commodity Futures Trading | Rupees. 10 everyexecuted order | Rupees. 0 |
| Currency Options Trading | Rupees. 10 everyexecuted order | Rupees. 0 |
| Commodity Options Trading | Rupees 10 everyexecuted order | Rupees 0 |
Other Charges
| Other Brokerage Charges | ||
| Minimum Brokerage | Rupees 10 everytrade | |
| Call & Trade Charges | Rupees 100 everycall (irrespective of the number of calls) | Rupees 20 everyexecuted order |
5Paisa vs Wisdom Capital Transaction Charges
This table compares 5Paisa and Wisdom Capital on PCM fee and transaction charges by segment.
| 5Paisa | Wisdom Capital | |
| Equity Intraday | 0.00325% | 0.0035% |
| Equity Delivery | 0.00325% | 0.0035% |
| Equity Options | 0.051% (on premium) | 0.06% on premium) |
| Equity Futures | 0.0021% | 0.0028% |
| Currency Options | 0.051% | |
| Currency Futures | 0.0021% | |
| Commodity | 0.0025% |
5Paisa vs Wisdom Capital Exposure Margin
| 5Paisa | Wisdom Capital | |
| Equity Intraday Margin | Up to 20x | 5x to 40x (depending on brokerage plan) |
| Equity Delivery Margin | Up to 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x) | 5x to 40x (depending on brokerage plan) |
| Equity Options Margin | Intra-day: 1x | Carry forward: 1x | 5x to 40x (depending on brokerage plan) |
| Equity Futures Margin | Intra-day: 3.5x | Carry forward: 1x (no margin) | 5x to 20x (depending on brokerage plan) |
| Currency Options Margin | Intra-day: 1x | Carry forward: 1x | 4x to 15x (depending on brokerage plan) |
| Currency Futures Margin | Intra-day: 1 time | Carry forward: 1x | 4x to 15x (depending on brokerage plan) |
| Commodity Options | ||
| Commodity Futures Margin | 5x to 20x (depending on brokerage plan) |
5Paisa vs Wisdom Capital Feature Comparison
Both these brokers, 5Paisa and Wisdom Capital offer 2 in 1 account which includes demat and trading account. They bother offer automated trading, program trading, robotic trading, and algo trading for equity.
Margin funding is not offered by Wisdom Capital whereas it is offered by 5Paisa. None of the above mentioned two share brokers offer NRI trading facility.
| 5Paisa | Wisdom Capital | |
| Charting | YES | YES |
| 3 in 1 account | NA | NA |
| SMS Alerts | YES | YES |
| Automated Trading | NA | |
| Online Portfolio | YES | YES |
| Online Demo | YES | NA |
| Margin Against Shares (Equity Cash) | YES | |
| Margin Trading Funding Availability | YES | YES |
| Trading Platform | 3:10 PM | |
| Margin Against Shares (Equity F&O) | 5paisa Trade Station | NEST |
| Intraday Square-Off Time |
5Paisa vs Wisdom Capital Investment Options
Both 5Paisa and Wisdom Capital offer investment and trading options in equity derivatives and equity on exchanges of both BSE and NSE. Both of these stock brokers offer trading options in MCX commodity. Wisdom Capital does not offer the option of mutual fund investment, whereas 5Paisa does. None of the brokers have PMS Service.
| 5Paisa | Wisdom Capital | |
| Commodity | NA | YES |
| Stock / Equity | YES | NA |
| Initial Public Offers (IPO) | YES | NA |
| Currency | YES | YES |
| Bond / NCD | YES | NA |
| Mutual Funds | YES | NA |
| Other Investment Options | Mutual Funds, Insurance | |
| Debt | YES | NA |
5Paisa vs Wisdom Capital Order Type Offered
| 5Paisa | Wisdom Capital | |
| Cover Order | YES | YES |
| Bracket Order | YES | NA |
| STBT (Sell Today Buy Tomorrow) | YES | |
| BTST (Buy Today Sell Tomorrow) | YES | |
| GTC (Good Till Cancelled) | NA | NA |
| AMO (After Market Order) | YES | YES |
| MIS order | YES | YES |
| CNC order | YES | YES |
| NRML Order | YES | YES |
5Paisa vs Wisdom Capital Research Report
| 5Paisa | Wisdom Capital | |
| Free Tips | NA | YES |
| Daily Market Report | NA | YES |
| News Alerts | NA | NA |
| Quarterly Result Analysis | NA | NA |
5Paisa vs Wisdom Capital Customer Service Options
| 5Paisa | Wisdom Capital | |
| Live Chat | NA | YES |
| Email Support | YES | YES |
| Toll Free Number | NA | YES |
| Phone | YES | YES |
| 24/7 Customer Service | NA | NA |
| Offline branches | NA | YES |
| Online Live Chat | YES | NA |
5Paisa vs Wisdom Capital Features
| 5Paisa | Wisdom Capital | |
| Orders accepted after trading hours | YES | YES |
| Mobile Trading | YES | YES |
| SMS alerts | YES | YES |
| Charting | YES | YES |
| Automated trading | YES | YES |
| Robo advisory | YES | NA |
| Margin funding | YES | YES |
| Market tips | YES | NA |
| 3 in 1 account | NA | NA |
| Relationship managers | NA | NA |
| Complaint percentage of active clients | 0.06% | 0.06% |
| Trading platforms | 5Paisa Trade station, 5paisa mobile app, 5Paisa trader terminal | BOLT, NSE NOW, NEST |
5Paisa vs Wisdom Capital suitable for which investor type
| 5Paisa | Wisdom Capital | |
| Active Investor | YES | |
| Trader | YES |
5Paisa vs Wisdom Capital Advantages and Disadvantages
Both these share brokers have their own advantages and disadvantages to offer. This list of comparison will help you gather more knowledge about them and will better help you decide which share broker will prove to be a better fit for you when it comes to share dealing and trading.
| 5Paisa | Wisdom Capital | |
| Advantages | · It offers cheapest possible brokerage services. You just have to pay Rs. 10 everyexecuted offer. · The brokerage fee is flat. You do not have to worry about the size of the trade. · Free access to trading software such as trading 5paisa terminal and 5paisa mobile app. · Exposure in (EDT) equity delivery trading – 4x. · Exposure in (EIT) equity intraday trading – 20x. · Exposure in (DIT) derivatives intraday trading – 3.5x. · It is backed by IIFL which is a premier non-banking financial institution with an experience of more than 2 decades. · You get free derivative, fundamental, and technical research and advice. | · They deal in multiple market sections including F&O, NSE cash, and currency with one single trading terminal. · Limitless monthly dealing plans are available for trade-off at MCX, BSE, and NSE. · Trading software such as installable trading terminal, mobile app, and website are available to be used totally free of cost. · It offers semi-automated and fully algo trading. |
| Disadvantages | · In addition to brokerage, call & trade is charges at Rs. 100 per call. However, unlimited trading calls can be placed in a single call. · Research & advisory are only accessible after paying an additional cost. · Demat charges are higher than most of its competitors at Rs. 25 per transaction. · Demat account and NRI trading is not available at 5paisa. · 5paisa does not deal in commodity trading facility. · It does not offer 3 in 1 account facility. | · Wisdom capital does not offer the facility of having a 3 in 1 account. · Traders are not offered the facility of investing in NCDs, mutual funds, FPO, and (OFS)offer for sales. · Algo trading is only available after paying additional charges of Rs. 550 each month in case of semi-automated trading. · |
5Paisa vs Wisdom Capital Ratings
| 5Paisa | Wisdom Capital | |
| Fees rating | 3.5 / 5 | 4 / 5 |
| Trading brokerage rating | 3.5 / 5 | 4.5 / 5 |
| Trading platform usability | 2.5 / 5 | 3.5 / 5 |
| Customer service rating | 2.5 / 5 | 3.5 / 5 |
| Overall rating | 2.5 / 5 | 3.5 / 5 |
| Broker rating | 2.9 / 5 | 3.6 / 5 |
| Investment offerings | 4 / 5 | 4 / 5 |
Conclusion
5Paisa and Wisdom Capital are two of the most successful discount stock brokers in India. The above side by side comparison of the two will help you have a better picture of which one will better suit your brokerage needs and requirements.
While the two are not strikingly distinct, there surely are some points of distinctions between the two. The comparison will surely help you decide which one to go for.
