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:
- Don’t have a minimum brokerage charge.
- For trading at NSE, BSE, & MCX, monthly trading plan available
- Offers semi & fully automated – Algo Trading
- Doesn’t offer the facility to invest in IPO, FPO, MF, FD, NCD, & OFS.
- Trading platforms are offered for free.
Arihant Capital:
- Provides all available asset options and wealth products.
- Arihant Capital is a commanding name in the commodity broking industry.
- Minimum brokerage on trading – INR. 20/-
- Facilitate investors to transfer funds to 25 banks.
- Provisions automated trading.
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 Capital | Arihant Capital |
| Overall Rating | ★★★★ | ★★★ |
| Brokerage Charges | ★★★★ | ★★★ |
| Trading Platform | ★★★ | ★★★ |
| Investments Offering | ★★★★ | ★★★ |
| Customer Service | ★★★ | ★★★ |
| Broker Type | Discount Broker | Full-Service Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE,BSE,MCX-SX,MCX,NCDEX |
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.
| Particulars | Wisdom Capital | Arihant Capital |
| Account Opening Fees- Trading | Free | Free |
| AMC for Trading | Free | Free |
| Account Opening Fees – DEMAT | Free | Free |
| AMC for DEMAT | 999 Rupees Lifetime AMC | 362 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 Types | Wisdom Capital | Arihant 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:
| Particulars | Wisdom Capital Brokerage | Arihant Capital Brokerage |
| Plan Name | Flat Fee 9 Rupees Trading Plan (Pro Plan) | Standard Trading Plan (Percentage Based) |
| Equity Delivery | 0.05% or 5 paisa | 0.3% or 30 paisa |
| Equity Intraday | 0.01% or 1 paisa | 0.03% or 3 paisa |
| Equity Futures | Flat Fee 9 Rupees | 0.03% or 3 paisa |
| Equity Options | Flat Fee 9 Rupees | 50 Rupees Per Lot |
| Currency Futures | Flat Fee 9 Rupees | 0.03% or 3 paisa |
| Currency Options | Flat Fee 9 Rupees | 20 Rupees Per Lot |
| Commodity Trading | Flat Fee 9 Rupees | 0.03% or 3 paisa |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | Info Not Available | Info Not Available |
| Funding | Info Not Available | Info Not Available |
| Call & Trade Charges | Info Not Available | Info 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.
| Particulars | Wisdom Capital | Arihant Capital |
| Equity Delivery | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Intraday | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Futures | 340 Rupees Per Cr | 190 Rupees Per Cr |
| Equity Options | 5500 Rupees Per Cr | 5000 Rupees Per Cr |
| Currency Futures | 135 Rupees Per Cr | 110 Rupees Per Cr |
| Currency Options | 5200 Rupees Per Cr | 4000 Rupees Per Cr |
| Commodity | Non-Agri: 360 Rupees Per CrAgri: 275 Rupees Per Cr | Non-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.
| Particulars | Wisdom Capital | Arihant 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 Facility | 3:15 PM | 3:15 PM |
| NRI Trading Facility | ✘ | ✔ |
| Other Features | NIL | NIL |
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.
| Particulars | Wisdom Capital | Arihant Capital |
| Desktop Trading Platform | NEST Trader & NSE NOW | Ari-Trade Speed (ODIN Diet)/Arihant NOW |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✘ | ✘ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | http://trade.wisdomcapital.in./ | https://arihantitrade.com/HTML5/ |
| Mobile Site | ✔ | ✘ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | TradeEye | Arihant Mobile |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Info Not Available | Info 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.
| Particulars | Wisdom Capital | Arihant 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 Options | NIL | NIL |
Comparison of Leverage:
Considering the Leverage we can compare Wisdom Capital vs Arihant Capital as below.
| Particulars | Wisdom Capital | Arihant Capital |
| Equity Delivery Leverage | Info Not Available | Info Not Available |
| Equity Intraday Leverage | Maximum 10x or 10% considering Variable and ELM. | Maximum 10x or 10% considering Variable and ELM. |
| Futures Leverage | 1x means real SPAN + Exposure. | 1x means real SPAN + Exposure. |
| Options Leverage | 1x 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 Leverage | Maximum 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 Leverage | 1x 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 Leverage | 1x 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 Leverage | 1x 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.
| Particulars | Wisdom Capital | Arihant Capital |
| 24/7 Customer Service | ✘ | ✘ |
| Email Support | ✔ | ✔ |
| Online Live Chat | ✔ | ✘ |
| Phone Support | ✔ | ✔ |
| Toll Free Number | ✘ | ✔ |
| Through Branches | ✘ | ✔ |
| Customer Care Number | Info Not Available | Info Not Available |
| Account Opening Process | Info Not Available | Info Not Available |
| Customer Support Email | Info Not Available | Info Not Available |
| Knowledge Centre/ Education | Info Not Available | Info Not Available |
| Head Office Address | Info Not Available | Info Not Available |
| Website | Info Not Available | Info Not Available |
Comparison on DEMAT Account Offering:
Contrasting Wisdom Capital vs Arihant Capital bases in DEMAT account feature offering we get this below-mentioned details:
| Particulars | Wisdom Capital | Arihant Capital |
| DP Source | NSDL | CDSL |
| DP ID | No | No |
| DEMAT Account Annual Maintenance Charges(AMC) | Free (1000 Rupees Refundable deposit + 1000 Rupees one-time charges) | 362 Rupees pa |
| Advance Deposit | Nil | Nil |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 12 Rupees | 0.04% of transaction value or 19 Rupees per transaction (whichever is higher) |
| DEMAT | 3 Rupees per certificate + 20 Rupees per DFR | 10 Rupees per certificate (Min 50 Rupees) + 50 Rupees courier charges |
| REMAT | 20 Rupees for every hundred securities or 20 Rupees per certificate (whichever is higher) | 20 Rupees for every hundred securities |
| Pledge Creation | 50 Rupees per transaction | 0.04% (Min 50 Rupees) |
| Pledge Creation Confirmation | Nil | Nil |
| Pledge Closure | 25 Rupees per transaction | 0.04% (Min 50 Rupees) |
| Pledge Closure Confirmation | Nil | Nil |
| Pledge Invocation | 25 Rupees per transaction | 0.04% (Min 50 Rupees) |
| Failed Instruction Charges | 20 Rupees | Nil |
| Other Charges | Nil | Nil |
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.
