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:
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
Wisdom Capital:
- It offers a very low flat rate brokerage charge structure.
- Three trading software to choose from.
- It doesn’t have the facility to trade-in Mutual Funds, SIP & Insurance.
- Lowest transaction charge offering.
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.
| Particulars | Zerodha | Wisdom Capital |
| Overall Rating | 4.5 out of 5 | 4 out of 5 |
| Brokerage Charges | 4.5 out of 5 | 4 out of 5 |
| Trading Platform | 4.5 out of 5 | 3.5 out of 5 |
| Investments Offering | 4 out of 5 | 4 out of 5 |
| Customer Service | 4.5 out of 5 | 3.5 out of 5 |
| Broker Type | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX-SX, MCX | BSE, 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.
| Particulars | Zerodha | Wisdom Capital |
| Account Opening Fees- Trading | Online 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 Trading | Free | Free |
| Account Opening Fees- Demat | Free | Free |
| AMC on Demat | 300 Rupees PA | 999 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:
| Plan Types | Zerodha 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.
| Particulars | Zerodha | Wisdom Capital |
| Plan Name | Max 20 Rupees per order Trading Plan | Flat Fee 9 Rupees Trading Plan (Pro Plan) |
| Equity Delivery | Free | 0.05% or 5 paisa |
| Equity Intraday | 0.01% or 20 Rupees whichever is lower | 0.01% or 1 paisa |
| Equity Futures | 0.01% or 20 Rupees whichever is lower | Flat Fee 9 Rupees |
| Equity Options | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Currency Futures | 0.01% or 20 Rupees whichever is lower | Flat Fee 9 Rupees |
| Currency Options | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Commodity Trading | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | No | Info Not Available |
| Funding | Info Not Available | Info Not Available |
| Call & Trade Charges | 20 Rupees Per Executable Order | Info 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.
| Particulars | Zerodha | Wisdom Capital |
| Equity Delivery | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Intraday | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Futures | 190 Rupees Per Cr | 340 Rupees Per Cr |
| Equity Options | 5000 Rupees Per Cr | 5500 Rupees Per Cr |
| Currency Futures | 135 Rupees Per Cr | 135 Rupees Per Cr |
| Currency Options | 4400 Rupees Per Cr | 5200 Rupees Per Cr |
| Commodity | Non-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.
| Particulars | Zerodha | Wisdom 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 Services | 3:15 PM | 3:15 PM |
| NRI Trading Services | ✔ | ✖ |
| Other Features Services | NIL | NIL |
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:
| Particulars | Zerodha | Wisdom Capital |
| Desktop Trading Platform | Zerodha PI | NEST Trader & NSE NOW |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✖ | ✖ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | https://kite.zerodha.com/ | http://trade.wisdomcapital.in./ |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | Zerodha Kite | TradeEye |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Info Not Available |
Comparison of Products:
Comparing Wisdom Capital vs Zerodha based on their product offering we derived this below information.
| Particulars | Zerodha | Wisdom 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 Options | NIL | NIL |
Zerodha Vs Wisdom Capital Margin/ Exposure/ Leverage
Considering the margin, we here have compared Wisdom Capital & Zerodha as below:
| Particulars | Zerodha 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:
| Particulars | Zerodha | Wisdom 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/Paperless | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Center/Education | support.zerodha.com | Info 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.com | Info Not Available |
Comparison of DEMAT Account Feature:
Comparing Wisdom Capital vs Zerodha based on the DEMAT account feature we derived the below-mentioned information.
| Particulars | Zerodha DEMAT Account | Wisdom Capital DEMAT Account |
| DP Source | CDSL | NSDL |
| DP ID | 81600 | No |
| Demat Account Annual Maintenance Charges(AMC) | 300 Rupees pa | Free (1000 Rupees Refundable deposit + 1000 Rupees one time charges) |
| Advance Deposit | Nil | |
| Statutory charges | 50 Rupees | Nil |
| Transaction Charges on Debit (Per ISIN) | 8 Rupees + 5.50 Rupees (CDSL Charges) per transaction | 12 Rupees |
| DEMAT | 150 Rupees per certificate + 100 Rupees courier charges | 3 Rupees per certificate + 20 Rupees per DFR |
| REMAT | 150 Rupees per certificate + 100 Rupees courier charges + CDSL Charges | 20 Rupees for every hundred securities or 20 Rupees per certificate (whichever is higher) |
| Pledge Creation | 20 Rupees + 12 Rupees CSDL charges | 50 Rupees per transaction |
| Pledge Creation Confirmation | Nil | Nil |
| Pledge Closure | 20 Rupees + 12 Rupees CSDL charges | 25 Rupees per transaction |
| Pledge Closure Confirmation | Nil | Nil |
| Pledge Invocation | 20 Rupees | 25 Rupees per transaction |
| Failed Instruction Charges | 50 Rupees per instruction | 20 Rupees |
| Other Charges | Nil | Nil |
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.
