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Arihant Capital Vs Wisdom Capital – Relative Comparison

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Introduction: 

Arihant Capital and Wisdom Capital both are a distinguished name in the stockbroking industry. This relative analytical study between the brokers can highlight the areas, where an investor needs to know the detailed information. This informative study between Arihant Capital vs Wisdom Capital highpoints those areas to support traders to make wise investing decisions. 

Full-service broking organization Arihant Capital started its journey in 1992 in a relationship with NSE & BSE. It facilitates trading in equity, commodity, and forex with its tech-oriented trading platform. Currently, they are having more than 150 branches around different cities in India. 

Whether incorporated in 2013, Wisdom Capital is one of the most renowned multi-functional discount brokers, serving numerous customers with more than 6000 dedicated brokers. 

Notable Feature: 

Wisdom Capital: 

  1. Don’t have a minimum brokerage charge.
  2. For trading at NSE, BSE, & MCX, monthly trading plan available
  3. Offers semi & fully automated – Algo Trading
  4. Doesn’t offer the facility to invest in IPO, FPO, MF, FD, NCD, & OFS. 
  5. Trading platforms are offered for free. 

Arihant Capital: 

  1. Provides all available asset options and wealth products. 
  2. Arihant Capital is a commanding name in the commodity broking industry. 
  3. Minimum brokerage on trading – INR. 20/- 
  4. Facilitate investors to transfer funds to 25 banks. 
  5. Provisions automated trading. 
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Relative Comparison on Overall Service Rating: 

Here we have compared Wisdom Capital vs Arihant Capital in light of the reviews made by their customers in public media. Details as per the table below.

Particulars Wisdom CapitalArihant Capital
Overall Rating★★★★★★★
Brokerage Charges★★★★★★★
Trading Platform★★★★★★
Investments Offering★★★★★★★
Customer Service★★★★★★
Broker Type Discount BrokerFull-Service Broker
Exchanges Supported BSE, NSE, MCX, NCDEXNSE,BSE,MCX-SX,MCX,NCDEX
Arihant Capital Vs Wisdom Capital Review

Relative Comparison on AOC & AMC: 

Wisdom Capital vs Arihant Capital is hereby compared based on AOC & AMC. Both offer Trading & DEMAT Account opening for free and free trading account AMC.  

ParticularsWisdom CapitalArihant Capital
Account Opening Fees- TradingFreeFree
AMC for TradingFreeFree
Account Opening Fees – DEMATFreeFree
AMC for DEMAT999 Rupees Lifetime AMC362 Rupees PA
DP Facility

Relative Comparison on Brokerage Plan: 

Arihant Capital doesn’t have any brokerage plan for the customer, whereas Wisdom Capital only offers Multiple type brokerage plans to investors. Based on that here we compared Wisdom Capital vs Arihant Capital as below.

Plan TypesWisdom CapitalArihant Capital
Multiple Brokerage Plans
Monthly Brokerage Plans
Yearly Brokerage Plans

Relative Comparison on Brokerage Charge: 

Both Wisdom Capital & Arihant Capital offers brokerage plan to their customer. Wisdom Capital offers flat-fee based brokerage charge whereas, Arihant Capital offers a percentage-based brokerage charge. There is no minimum brokerage for both the brokers. Details of comparison on Wisdom Capital vs Arihant Capital based on brokerage fee are mentioned below:

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ParticularsWisdom Capital BrokerageArihant Capital Brokerage
Plan NameFlat Fee 9 Rupees Trading Plan (Pro Plan)Standard Trading Plan (Percentage Based)
Equity Delivery0.05% or 5 paisa0.3% or 30 paisa
Equity Intraday0.01% or 1 paisa0.03% or 3 paisa
Equity FuturesFlat Fee 9 Rupees0.03% or 3 paisa
Equity OptionsFlat Fee 9 Rupees50 Rupees Per Lot
Currency FuturesFlat Fee 9 Rupees0.03% or 3 paisa
Currency OptionsFlat Fee 9 Rupees20 Rupees Per Lot
Commodity TradingFlat Fee 9 Rupees0.03% or 3 paisa
Minimum BrokerageNILNIL
Hidden ChargesInfo Not AvailableInfo Not Available
FundingInfo Not AvailableInfo Not Available
Call & Trade ChargesInfo Not AvailableInfo Not Available

Relative Comparison on Transaction Fee: 

Here we compared Wisdom Capital vs Arihant Capital based on the transaction fee structure. In all segments, the transaction fee of Wisdom Capital is greater than the transaction fee of Arihant Capital only excluding the equity delivery and equity intraday segment.

ParticularsWisdom CapitalArihant Capital
Equity Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity Futures340 Rupees Per Cr190 Rupees Per Cr
Equity Options5500 Rupees Per Cr5000 Rupees Per Cr
Currency Futures135 Rupees Per Cr110 Rupees Per Cr
Currency Options5200 Rupees Per Cr4000 Rupees Per Cr
CommodityNon-Agri: 360 Rupees Per CrAgri: 275 Rupees Per CrNon-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr

Relative Comparison on Account Feature Offering: 

Assessing Wisdom Capital vs Arihant Capital based on account feature we get the below-mentioned details. It includes charting, algo trading, SMS alerts, online demo, etc.

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ParticularsWisdom CapitalArihant Capital
3 in 1 Account Service
Charting Facility
Algo Trading Facility
SMS Alerts service
Online Demo Facility
Online Portfolio service
Margin Trading Funding Available
Combined Ledger for Equity and
Commodity service
Intraday Square-off Time Facility3:15 PM3:15 PM
NRI Trading Facility
Other FeaturesNILNIL

Relative Comparison of Trading Platform: 

In this age of technology, brokers offer online & offline trading terminal to ease the trading experience. Here we assessed Wisdom Capital vs Arihant Capital based on their respective trading terminal offering.

ParticularsWisdom CapitalArihant Capital
Desktop Trading PlatformNEST Trader & NSE NOWAri-Trade Speed (ODIN Diet)/Arihant NOW
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailhttp://trade.wisdomcapital.in./https://arihantitrade.com/HTML5/
Mobile Site
Mobile Trading
Mobile Trading AppTradeEyeArihant Mobile
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesInfo Not AvailableInfo Not Available

Relative Comparison on Product Offering: 

Assessing Wisdom Capital vs Arihant Capital based on the products offering we can get the below-mentioned details.

ParticularsWisdom CapitalArihant Capital
Equity Cash and F&O facility
Currency Derivatives facility
Commodity facility
Online IPO Application
Mutual Funds facility
Bond / NCD facility
ETF facility
Banking facility
Insurance facility
Forex service
MF SIP Investment facility
Equity SIP Investment facility
PMS Service
Other Investment OptionsNILNIL

Comparison of Leverage: 

Considering the Leverage we can compare Wisdom Capital vs Arihant Capital as below.

ParticularsWisdom CapitalArihant Capital
Equity Delivery Leverage Info Not AvailableInfo Not Available
Equity Intraday LeverageMaximum 10x or 10% considering Variable and ELM.Maximum 10x or 10% considering Variable and ELM.
Futures Leverage1x means real SPAN + Exposure.1x means real SPAN + Exposure.
Options Leverage1x means real SPAN + Exposure in Sell and Premium Leverage in Buy.1x means real SPAN + Exposure in Sell and Premium leverage in Buy.
Equity CO LeverageMaximum 10x or 10% considering Variable and ELM, no added leverage for Cover Order.Maximum 10x or 10% considering Variable and ELM, no added leverage for Cover Order.
Futures CO Leverage1x means real SPAN + Exposure leverage, No added leverage for Futures Cover Order.1x means real SPAN + Exposure leverage, No added leverage for Futures Cover Order.
Options CO Leverage1x means real SPAN + Exposure leverage (Sell) or Premium leverage (Buy), No added Leverage for Options Cover Order.1x means real SPAN + Exposure leverage (Sell) or Premium leverage (Buy), No added Leverage for Options Cover Order.
Commodity Leverage1x means real SPAN + Exposure in Sell and Premium Leverage in Buy.1x means real SPAN + Exposure in Sell and Premium Leverage in Buy.

Comparison of Customer Assistance: 

Here we have compared Wisdom Capital vs Arihant Capital in terms of their customer supportiveness.

ParticularsWisdom CapitalArihant Capital
24/7 Customer Service 
Email Support 
Online Live Chat
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number Info Not AvailableInfo Not Available
Account Opening Process Info Not AvailableInfo Not Available
Customer Support Email Info Not AvailableInfo Not Available
Knowledge Centre/ Education Info Not AvailableInfo Not Available
Head Office Address Info Not AvailableInfo Not Available
Website Info Not AvailableInfo Not Available
open Wisdom Capital demat account

Comparison on DEMAT Account Offering: 

Contrasting Wisdom Capital vs Arihant Capital bases in DEMAT account feature offering we get this below-mentioned details: 

 ParticularsWisdom CapitalArihant Capital
DP SourceNSDLCDSL
DP ID NoNo
DEMAT Account Annual Maintenance Charges(AMC)Free (1000 Rupees Refundable deposit + 1000 Rupees one-time charges)362 Rupees pa
Advance DepositNilNil
Statutory chargesNilNil
Transaction Charges on Debit (Per ISIN)12 Rupees0.04% of transaction value or 19 Rupees per transaction (whichever is higher)
DEMAT3 Rupees per certificate + 20 Rupees per DFR10 Rupees per certificate (Min 50 Rupees) + 50 Rupees courier charges
REMAT20 Rupees for every hundred securities or 20 Rupees per certificate (whichever is higher)20 Rupees for every hundred securities
Pledge Creation50 Rupees per transaction0.04% (Min 50 Rupees)
Pledge Creation ConfirmationNilNil
Pledge Closure25 Rupees per transaction0.04% (Min 50 Rupees)
Pledge Closure ConfirmationNilNil
Pledge Invocation25 Rupees per transaction0.04% (Min 50 Rupees)
Failed Instruction Charges20 RupeesNil
Other ChargesNilNil

Foot-Note: 

Both Wisdom Capital & Arihant Capital are globally known names in the stock brokering industry. Based on the study, in terms of the trading platform, products, and customer supportiveness, Wisdom Capital & Arihant Capital are nearly similar in structure. But there are some differences also, in terms of brokerage plan, minimum brokerage, etc. So, a particular investor must study all the offerings carefully before investing.

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