Zerodha Vs Wisdom Capital – Compare Best Discount Broker

Zerodha Vs Wisdom Capital – Comparison:

Assessing Zerodha vs Wisdom Capital in terms of all product-wise details which are essential for every investor we get the detailed study.  In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more. Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

On the other hand, Wisdom Capital is a renowned name in the discount broking industry offering a very low flat brokerage fee. It offers trading and DEMAT account opening for free and also offers trading AMC for free. Based on Delhi NCR it has now a network of more than 250 franchisees across India.

Notable Features: 

Zerodha: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.
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Wisdom Capital:

  1. It offers a very low flat rate brokerage charge structure. 
  2. Three trading software to choose from.
  3. It doesn’t have the facility to trade-in Mutual Funds, SIP & Insurance. 
  4. Lowest transaction charge offering. 
Zerodha Vs Wisdom Capital

Zerodha Vs Wisdom Capital Service Ratings:

Comparing Wisdom Capital vs Zerodha based on customer service review we get the below-mentioned information.

We can see from the below table, that in terms of the investment offering Zerodha & Wisdom Capital are similar in rating. But in terms of brokerage charge, trading platform & customer support Zerodha is a step ahead of Wisdom Capital.

 ParticularsZerodhaWisdom Capital
Overall Rating4.5 out of 54 out of 5
Brokerage Charges4.5 out of 54 out of 5
Trading Platform4.5 out of 53.5 out of 5
Investments Offering4 out of 54 out of 5
Customer Service4.5 out of 53.5 out of 5
Broker Type Discount BrokerDiscount Broker
Exchanges Supported NSE, BSE, MCX-SX, MCXBSE, NSE, MCX, NCDEX

Zerodha Vs Wisdom Capital AOC & AMC: 

Comparing Wisdom Capital vs Zerodha based on AOC & AMC we get the below information. Both the broker offers free AMC on trading and free DEMAT Account opening. Apart from this Wisdom Capital offers trading account opening for free. 

ParticularsZerodhaWisdom Capital
Account Opening Fees- TradingOnline 200 Rupees (T+D), 300 Rupees (T+D+C).
Offline 400 Rupees (T+D), 600 Rupees (T+D+C).
T*Trading, D*Demat, C*Commodity
Free
AMC on TradingFreeFree
Account Opening Fees- DematFreeFree
AMC on Demat300 Rupees PA999 Rupees Lifetime AMC
DP Service

Zerodha Vs Wisdom Capital Brokerage Plan: 

There is no brokerage plan offered by Zerodha to the customer. Whereas, Wisdom Capital offers multiple types of brokerage plans to their customer. Details mentioned here below: 

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Plan TypesZerodha Brokerage Wisdom Capital Brokerage
Multiple Brokerage Plans
Monthly Brokerage Plans
Yearly Brokerage Plans

Comparison of Brokerage Fee: 

Comparing Wisdom Capital vs Zerodha based on brokerage fee offering we get the below-mentioned information.

Zerodha has a percentage based brokerage fee structure for its investors. Whereas Wisdom Capital has a flat fee-based brokerage plan. Both the broker doesn’t have any minimum brokerage criteria. 

ParticularsZerodhaWisdom Capital
Plan NameMax 20 Rupees per order Trading PlanFlat Fee 9 Rupees Trading Plan (Pro Plan)
Equity DeliveryFree0.05% or 5 paisa
Equity Intraday0.01% or 20 Rupees whichever is lower0.01% or 1 paisa
Equity Futures0.01% or 20 Rupees whichever is lowerFlat Fee 9 Rupees
Equity OptionsFlat Fee 20 RupeesFlat Fee 9 Rupees
Currency Futures0.01% or 20 Rupees whichever is lowerFlat Fee 9 Rupees
Currency OptionsFlat Fee 20 RupeesFlat Fee 9 Rupees
Commodity TradingFlat Fee 20 RupeesFlat Fee 9 Rupees
Minimum BrokerageNILNIL
Hidden ChargesNoInfo Not Available
FundingInfo Not AvailableInfo Not Available
Call & Trade Charges20 Rupees Per Executable OrderInfo Not Available

Comparison on Transaction Charge: 

Contrasting Wisdom Capital vs Zerodha on transaction charge we get the below details.

Here we can see that the transaction charge for Zerodha & Wisdom Capital in terms of equity delivery, equity Intraday, currency future are the same. Whereas, in terms of equity futures, equity options- Wisdom capital has a greater charge than Zerodha. 

ParticularsZerodhaWisdom Capital
Equity Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity Futures190 Rupees Per Cr340 Rupees Per Cr
Equity Options5000 Rupees Per Cr5500 Rupees Per Cr
Currency Futures135 Rupees Per Cr135 Rupees Per Cr
Currency Options4400 Rupees Per Cr5200 Rupees Per Cr
CommodityNon-Agri: 360 Rupees Per Cr 
Agri: 275 Rupees Per Cr
Non-Agri: 360 Rupees Per Cr 
Agri: 275 Rupees Per Cr

Comparison on Account Feature:

Comparing Wisdom Capital vs Zerodha based on account feature we derived the below-mentioned table. 

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ParticularsZerodhaWisdom Capital
3 in 1 Account Services
Charting Services
Algo Trading Services
SMS Alerts Services
Online Demo Services
Online Portfolio Services
Margin Trading Funding Services
Combined Ledger for Equity and
Commodity Services
Intraday Square-off Time Services3:15 PM3:15 PM
NRI Trading Services
Other Features ServicesNILNIL

Zerodha Vs Wisdom Capital Trading Terminal:

A trading platform is an essential feature mandatorily offered by any broker. Nowadays investors attract mostly over better & smarter technology. Here we have compared Wisdom Capital vs Zerodha based on their trading terminal offering: 

ParticularsZerodhaWisdom Capital
Desktop Trading PlatformZerodha PINEST Trader & NSE NOW
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailhttps://kite.zerodha.com/http://trade.wisdomcapital.in./
Mobile Site
Mobile Trading
Mobile Trading AppZerodha KiteTradeEye
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeInfo Not Available

Comparison of Products: 

Comparing Wisdom Capital vs Zerodha based on their product offering we derived this below information. 

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

Zerodha Vs Wisdom Capital Margin/ Exposure/ Leverage

Considering the margin, we here have compared Wisdom Capital & Zerodha as below: 

ParticularsZerodha Margin Wisdom Capital Margin
Equity Delivery Leverage No Delivery leverage.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 implies real SPAN + Leverage.1x implies real SPAN + Leverage.
Options Leverage 1x implies real SPAN + Disclosure in Sell and Superior Leverage in Purchase.1x implies real SPAN + Disclosure in Sell and Superior Leverage in Purchase.
Equity CO Leverage Maximum 10x or 10% considering Variable and ELM, no further leverage for Cover Order.Maximum 10x or 10% considering Variable and ELM, no further leverage for Cover Order.
Futures CO Leverage 1x implies real SPAN + Disclosure leverage, No further Leverage for Futures Cover Order.1x implies real SPAN + Disclosure leverage, No further Leverage for Futures Cover Order.
Options CO Leverage 1x implies real SPAN + Disclosure leverage (Sell) or Superior Leverage (Purchase), No further Leverage for Options Cover Order.1x implies real SPAN + Disclosure leverage (Sell) or Superior Margin(Purchase), No further Leverage for Options Cover Order.
Commodity Leverage 1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.

Comparison of Customer Assistance: 

Better customer support is nowadays a key feature to attract customers. Wisdom Capital & Zerodha is no exception to this. In terms of customer assistance, we have compared Wisdom Capital vs Zerodha as below: 

ParticularsZerodhaWisdom Capital
24/7 Customer Service 
Email Support 
Onine Live Chat 
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number “+ 91 80 4040 2020”Info Not Available
Account Opening Process Online/PaperlessInfo Not Available
Customer Support Email [email protected]Info Not Available
Knowledge Center/Educationsupport.zerodha.comInfo Not Available
Head Office Address Zerodha Headquarter
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
Info Not Available
Website zerodha.comInfo Not Available
Open Demat Account with Wisdom Capital
Wisdom Capital vs Zerodha – Open Demat Account with Wisdom Capital

Comparison of DEMAT Account Feature: 

Comparing Wisdom Capital vs Zerodha based on the DEMAT account feature we derived the below-mentioned information. 

 ParticularsZerodha DEMAT AccountWisdom Capital DEMAT Account
DP SourceCDSLNSDL
DP ID 81600No
Demat Account Annual Maintenance Charges(AMC)300 Rupees paFree (1000 Rupees Refundable deposit + 1000 Rupees one time charges)
Advance DepositNil
Statutory charges50 RupeesNil
Transaction Charges on Debit (Per ISIN)8 Rupees + 5.50 Rupees (CDSL Charges) per transaction12 Rupees
DEMAT150 Rupees per certificate + 100 Rupees courier charges3 Rupees per certificate + 20 Rupees per DFR
REMAT150 Rupees per certificate + 100 Rupees courier charges + CDSL Charges20 Rupees for every hundred securities or 20 Rupees per certificate (whichever is higher)
Pledge Creation20 Rupees + 12 Rupees CSDL charges50 Rupees per transaction
Pledge Creation ConfirmationNilNil
Pledge Closure20 Rupees + 12 Rupees CSDL charges25 Rupees per transaction
Pledge Closure ConfirmationNilNil
Pledge Invocation20 Rupees25 Rupees per transaction
Failed Instruction Charges50 Rupees per instruction20 Rupees
Other ChargesNilNil

Zerodha Call Back Request

Conclusion: 

Wisdom Capital and Zerodha both are renowned in their segments for different amenities they offer to the investors. Zerodha is leading in this comparison for being outstanding in terms of online assistance and economic charge. Whereas, Wisdom Capital is a trusted brand with millions of happy customers. But choosing of broker should be done keeping in mind the exact & individual needs.

Zerodha Vs Wisdom Capital