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Stoxkart Vs Wisdom Capital: A Side By Side Comparison Of The Two Biggest Discount Stock Brokers

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About

Stoxkart

Stoxkart Vs Wisdom Capital: Stoxkart is a part of SMC group, which is a Delhi based discount brokerage firm, which provides consultancy and a stable trading platform for trading at very competitive prices. It is one of the top broking platforms in India in terms of active client base.

It also provides apps by the name of Stoxkart Classic and Stoxkart Pro which is supported on both android and iOS platforms. The features of the appare :-

  1. Consultancy based on extensive financial
  2. research
  3. Investments
  4. Investment in mutual funds
  5. User friendly interface
  6. Financial services based on one’s goals

Stoxmf is a specialised facility which helps people toinvest into mutual funds, only after informing the customers about the nature and risks of the open market.

Wisdom Capital

Wisdom Capital a discount brokerage firm, formed recently in 2013, and is a part of the Ashler group of companies. Wisdom Capital offers heavilydiscounted trades to its clients without any hidden charges.It has several partners with NSE, BSE and MCX thus providing people services on :-

  1. Equity
  2. Mutual funds
  3. Commodities
  4. Currencies
  5. Depository services

It’s active client base is much smaller when compared to stoxkart and other trending brooking platforms.

It provides three apps by the names of BSE BOLT, NEST TRADER, NSE NOW which are supported in both android and iOS platforms.

Stoxkart Vs Wisdom CapitalLet’s now have a detailed look at both of them.

Overview

 StoxkartWisdom capital
Logo
Website URLwww.stoxkart.comwww.wisdomcapital.in
About the brokerStoxkart is a part of SMC group, which is a Delhi based discount brokerage firm, which provides consultancy and a stable trading platform for trading at very competitive prices. It is one of the top broking platforms in India in terms of active client base.Wisdom Capital a discount brokerage firm, formed recently in 2013, and is a part of the Ashler group of companies. Wisdom Capital offers heavily discounted trades to its clients without any hidden charges.
Type of BrokerDiscount BrokerDiscount Broker
Supported ExchangeNSE, BSE, MCXBSE, NSE, MCX, NCDEX
Year of Incorporation20192013
Number of Branches2 branches& 12 partner offices250
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Stoxkart Vs Wisdom Capital Charges Compare

StoxkartWisdom Capital
Trading Account Opening Fees₹500₹0
Trading Account AMC₹300₹0
Demat Account Opening Fees₹354₹0 (Free)
Demat Account AMC₹300₹999 (Lifetime)
Demat Account is Mandatory?NoNo

Stoxkart Vs Wisdom Capital Brokerage Comparison

Brokerage Plan 1

Stoxkart Brokerage
Wisdom Capital Brokerage
Account TypeSingle PlanPro Plan
Equity Delivery Brokerage₹0₹9 per executed order
Equity Intraday Brokerage₹15 per executed trade₹9 per executed order
Equity Futures Brokerage₹30 per executed trade₹9 per executed order
Equity Options Brokerage₹30 per executed trade₹9 per executed order
Currency Options Trading Brokerage₹30 per executed trade₹9 per executed order
Commodity Futures Trading Brokerage₹30 per executed trade₹9 per executed order
Commodity Options Trading Brokerage₹30 per executed trade₹9 per executed order
Special Offer  

Brokerage Plan 2

 StoxkartWisdom Capital
Account TypeSingle PlanFreedom Plan
Fixed ChargesFree₹0
Equity Delivery Brokerage₹0₹0
Equity Intraday Brokerage₹15 per executed trade₹0
Equity Futures Brokerage₹15 per executed trade₹0
Equity Options Brokerage₹15 per executed trade₹0
Currency Options Trading Brokerage₹15 per executed trade₹0
Commodity Futures Trading Brokerage₹15 per executed trade₹0
Commodity Options Trading Brokerage₹15 per executed trade₹0
Special Offer  

Other Charges

StoxkartWisdom Capital
Minimum Brokerage Charges₹0 
Other Brokerage Charges₹0 
Call & Trade Charges₹20 per executed trade₹20 per executed trade

Taxes & other Government Charges

StoxkartWisdom Capital
Securities Transaction Tax (STT)0.0126% of total turnover0.0126% of total turnover
SEBI Charges₹15 per Cr.₹15 per Cr.
Goods and Services Tax (GST)18% on brokerage + transaction charges18% on brokerage + transaction charges
Stamp DutyAs per the Client’s state of correspondenceAs per the Client’s state of correspondence
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Stoxkart Vs Wisdom Capital Transaction Charges

StoxkartWisdom Capital
Equity Delivery0.00325%0.0035%
Equity Intraday0.00325%0.0035%
Equity Futures0.0019%0.0028%
Equity Options0.05%0.06% (on premium)
Currency Futures0.0009%
Currency Options0.04% (on premium)
Commodity0.0005%0.0025%

Stoxkart Vs Wisdom Capital Exposure Margin

Stoxkart margin
Wisdom Capital margin
Equity Delivery 5x to 40x (dependent on brokerage plan)
Equity IntradayUpto 25x5x to 40x (dependent on brokerage plan)
Equity FuturesUpto 2.5x5x to 40x (dependent on brokerage plan)
Equity OptionsUpto 7x5x to 40x (dependent on brokerage plan)
Currency FuturesUpto 2.5x4x to 15x (dependent on brokerage plan)
Currency OptionsUpto 2x4x to 15x (dependent on brokerage plan)
Commodity FuturesUpto 2.5x5x to 20x (dependent on brokerage plan)
Commodity Options  

Stoxkart Vs Wisdom Capital Feature Comparison

StoxkartWisdom Capital
3 in 1 AccountNoNo
ChartingYesYes
SMS AlertsYesYes
Online DemoNoNo
Online PortfolioYesYes
Margin Trading Funding AvailableYes
Trading PlatformStoxkart DesktopNEST
Overall Review3.2 /53.6 / 5

Stoxkart Vs Wisdom Capital Investment Options

StoxkartWisdom Capital
Stock / EquityYesNo
CommodityYesYes
CurrencyYesYes
Initial Public Offers (IPO)NoNo
Mutual FundsNoNo
Bond / NCDNoNo
DebtNoNo
Other Investment Options  

Stoxkart & Wisdom Capital Research Report

 StoxkartWisdom Capital
Daily Market ReportYes
Free TipsYesYes
Quarterly Result AnalysisNoNo
News AlertsNoNo

Stoxkart Vs Wisdom Capital for Investor Type

 StoxkartWisdom Capital
Casual Investor  
Active InvestorYes 
TraderYes 
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open Stoxkart Demat AccountStoxkart Vs Wisdom Capital Risks & Benefits

 StoxkartWisdom Capital
BenefitsPay brokerage fees only when you earn.

You get detailed research reports from SMC.

Intraday exposure is huge.

It allows you to trade all market segments from one place.

Trading at NSE, BSE and MCX has never been easier will all the monthly plans available.

Free trading software’s like desktop and mobile apps.

Zero minimum brokerage.

Nifty trading (1 Lot) in 3000, crude (1 Lot) in 3000 and Mega Gold with 9000 margin allowed,

Semi-automatic and fully automatic algo trading facility is available

ConsNot much updated trading platforms

Account opening charges are high.

Improvements required in trading platform UI.

There is no facility for investing in an initial public offering (IPO), mutual fund, Follow on Public Offer (FPO), Fixed Deposit (FD), and Offer for Sale (OFS).

Algo trading is chargeable at ₹550 per month.

Final words

Doesn’t matter which broking platforms we use,which services we opt for, an open market is always full of gambles and risks.Investment without proper consultation andextensive information may lead to adverse financial crisis. Thus, just to help you out a bit, there is this article on Stoxkart vs Wisdom Capital. Choose Wisely!

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