Searching for which one is better Wisdom Capital Vs Zerodha? Well, you are on he right article.
Both Zerodha and Wisdom Capital are registered with SEBI and offer investment in equity, F&O, currency, and commodities through their easy-to-use online trading platform and the finest mobile trading apps in India.
Zerodha is India’s largest discount broker, offering the greatest online trading platform, high exposure for minimal brokerage, free mutual fund investments (through the platform), and much more.
It has 9 lakh customers, 22 branch offices, 94 associate offices, and 6 support-call & trade offices, all of which are based in Bengaluru. In contrast, Wisdom Capital is a well-known company in the discount brokerage market, with a very low flat brokerage cost.
It provides free trading and DEMAT account opening, as well as free trading AMC. It presently has a network of over 250 franchisees in India and is based in Delhi NCR.
Wisdom Capital Vs Zerodha
Company Information
Zerodha
The company was founded on August 15, 2010, with the purpose of removing all cost, service, and technical constraints that traders and investors experience in India.
Zerodha is now India’s largest stockbroker in terms of active retail clients, thanks to its revolutionary pricing strategies and in-house technology.
Every day, over 9 million clients use Zerodha’s sophisticated ecosystem of an investment platform to place millions of orders, accounting for over 15% of all retail trading volumes in India.
In addition, to empower retail traders and investors, they conduct a number of popular open online instructional and community projects.
Zerodha also partnered with platforms, such as Small Case (Thematic investment platform), Streak (Algo & strategy platform), Options Trading Platform (Sensibull), GoldenPi (Bonds trading platform), and Ditto (Insurance) to provide different investment tools all on one app.
Wisdom Capital
A pioneer in online trading and the first mover in the discount brokerage segment, Wisdom Capital has a client base of 25,000+ investors. Based in the Hi-Tech City, Noida, Uttar Pradesh, the stockbroker is run as an online brand of Ashlar Securities (incorporated in 2016).
With 75,000+ orders executed per day and a 4.8/5 mobile app rating, Wisdom Capital has made the trading experience easy for several individuals.
In addition, to empower retail traders and investors, they also conduct a number of popular open online instructional and community projects. Their blogs work as a trusted source of market ideas and insights to grow portfolios and minimize investing risks.
Comparison Between Zerodha and Wisdom Capital
Find out below the services provided, fees charged, and other details about Zerodha and Wisdom Capital:
Overview
Overview | Zerodha | Wisdom Capital |
Broker Type | Discount-Broker | Discount-Broker |
Type of company | Private | Private |
Headquarter | Bangalore, India | Noida, Uttar Pradesh, India |
Founders | Nithin Kamath | Deb Mukherjee |
Foundation Year | 2010 | 2013 |
Supported Exchanges | NSE, BSE, MCX, and NCDEX | BSE, NSE, MCX, NCDEX |
Total branches | 22 | 250 |
Trading & Demat Account Opening Charges
Charges | Zerodha | Wisdom Capital |
Trading Account Opening Fees | Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) | Free |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Rs 300 PA | Rs 999 Life time AMC |
Brokerage Plan
Plan Types | Zerodha Brokerage | Wisdom Capital Brokerage Charges |
Multiple Brokerage Plans | ✖ | ✔ |
Monthly Brokerage Plans | ✖ | ✖ |
Yearly Brokerage Plans | ✖ | ✖ |
Plan Types | Zerodha Brokerage | Wisdom Capital Brokerage |
Multiple Brokerage Plans | ✖ | ✔ |
Monthly Brokerage Plans | ✖ | ✖ |
Yearly Brokerage Plans | ✖ | ✖ |
Comparison of Brokerage Fee
Particulars | Zerodha | Wisdom Capital |
Plan Name | Max Rs 20 per order Trading Plan | Flat Fee Rs 9 Trading Plan (Pro Plan) |
Equity Delivery | Free | 0.05% or 5 paisa |
Equity Intraday | 0.01% or Rs 20, whichever is lower | 0.01% or 1 paisa |
Equity Futures | 0.01% or Rs 20, whichever is lower | Flat Fee Rs 9 |
Equity Options | Flat Fee Rs 20 | Flat Fee Rs 9 |
Currency Futures | 0.01% or Rs 20, whichever is lower | Flat Fee Rs 9 |
Currency Options | Flat Fee Rs 20 | Flat Fee Rs 9 |
Commodity Trading | Flat Fee Rs 20 | Flat Fee Rs 9 |
Minimum Brokerage | NIL | NIL |
Hidden Charges | No | Info Not Available |
Funding | Info Not Available | Info Not Available |
Call & Trade Charges | Rs 20 Per Executable Order | Info Not Available |
Transaction Charge
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 | 5,000 Rupees Per Cr | 5,500 Rupees Per Cr |
Currency Futures | 135 Rupees Per Cr | 135 Rupees Per Cr |
Currency Options | 4,400 Rupees Per Cr | 5,200 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 |
Products Offered
Particulars | Zerodha | Wisdom Capital |
Equity Cash and F&O | ✔ | ✔ |
Currency Derivatives | ✔ | ✔ |
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 |
Customer Assistance
Particulars | Zerodha | Wisdom Capital |
24/7 Customer Service | ✖ | ✖ |
Email Support | ✔ | ✔ |
Online Live Chat | ✖ | ✔ |
Phone Support | ✔ | ✔ |
Toll Free Number | ✖ | ✖ |
Through Branches | ✔ | ✖ |
DEMAT Account Feature
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 (1,000 Rupees Refundable deposit + 1,000 Rupees one time charges) |
Advance Deposit | Nil | 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 higher) |
Pledge Creation | 20 Rupees + 12 Rupees CDSL charges | 50 Rupees per transaction |
Pledge Creation Confirmation | Nil | Nil |
Pledge Closure | 20 Rupees + 12 Rupees CDSL 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 |
Capital Equity Exposure/Leverage
Equity Leverage | Zerodha | Wisdom Capital |
Equity Delivery | Upto 20x | Up to 2x |
Equity Intraday | Upto 28x | Up to 20x 0MIS, BO & CO |
Equity Futures | Upto 15x | Up to 4x MIS, BO & CO | Trade Nifty & Bank Nifty @ 40000 approx |
Equity Options | Upto 8x | Up to 4x MIS, BO & CO |
Zerodha vs. Wisdom Capital Currency Leverage
Currency Leverage | Zerodha | Wisdom Capital |
Currency Futures | Upto 12x | Up to 4x |
Currency Options | Upto 8x | Up to 4x |
Zerodha vs. Wisdom Capital Commodity Leverage
Equity Leverage | Zerodha | Wisdom Capital |
Commodity | Upto 17x | Up to 4x MIS, BO & CO |
Other Charges
Other brokerage charges that an investor should keep in mind are
- Minimum broker charges: Both Zerodha and Wisdom Capital charge no minimum brokerage.
- Transaction brokerage charges: These are charges that a customer face on every transaction completed by a depository participant. While kite zerodha charges 0.00325%, Wisdom Capital charges 0.00300% as transaction brokerage charges.
- SEBI Turnover charges: Both Zerodha and Wisdom Capital charge 0.0002% of total turnover as SEBI turnover charges.
- Stamp Duty charges: Stamp duty charges vary depending on the state and the type of asset class.
- GST Charges (Goods and Services Tax): A GST of 18% on brokerage and transaction charges is applied.
- Call and trade charges: Zerodha charges Rs 50 per executed order as a call and trade charge. Wisdom Capital charges Rs 20 per executed order as a call and trade charge.
Zerodha vs. Wisdom Capital Desktop Trading Platforms
Zerodha vs. Wisdom Capital Desktop Trading Platforms
Desktop Trading Platforms | Zerodha | Wisdom Capital |
Windows | Yes | Yes |
Mac | Yes | Yes |
Desktop Browser | Yes | Yes |
Zerodha vs. Wisdom Capital Mobile Trading Platforms
Mobile Trading Platforms | Zerodha | Wisdom Capital |
Mobile Browser | Yes | Yes |
Android App | Yes | Yes |
iOS App | Yes | Yes |
Windows app | No | No |
Other mobile os | No | No |
Capital Advisory Services
Features | Zerodha | Wisdom Capital |
Fundamental Reports | No | Yes |
Research Reports | Yes | Yes |
Company Reports | No | No |
Annual Reports | No | No |
Company Stock Review | No | No |
Free Stock Tips | No | Yes |
IPO Reports | No | Yes |
Top Picks | No | Yes |
Daily Market Review | No | Yes |
Monthly Reports | No | Yes |
Weekly reports | No | Yes |
Offline Advisory | No | Yes |
Relationship Manager | No | Yes |
Features Wisdom Capital vs Zerodha
Zerodha:
Wisdom Capital:
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Pros and Cons of Wisdom Capital
Wisdom Capital Advantages:
Wisdom Capital Disadvantages:
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Pros and Cons of Zerodha
Zerodha Advantages:
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Which is Right For The User?
| Wisdom Capital and Zerodha are both renowned in their segments for the different amenities they offer to investors. While both the stockbrokers provide ultimate ease and services to the customers, Zerodha has a higher overall customer rating. While Wisdom Capital provides free account opening services, the broking charges are lower in Zerodha. Wisdom Capital offers multiple types of brokerage plans to its customers. Zerodha has a percentage-based brokerage fee structure for its investors, whereas Wisdom Capital has a flat fee-based brokerage plan. Choosing the best stock broker depends on individual choice and needs. |
Frequently Asked Questions
1. Is Wisdom Capital better than Zerodha?
Zerodha charges a maximum of Rs 20 per trade, while Wisdom Capital charges a maximum of Rs 9 per trade. Both brokers are pioneers in the discount broking model in India.
In comparison to Wisdom Capital, Zerodha has a higher overall rating. Wisdom Capital is rated 4 out of 5, whereas Zerodha is rated 4.5 out of 5.
2. Which broker is better than Zerodha?
While Zerodha is among the top brokers in India, Upstox is equally competent. Both sites provide traders with unique plans with a maximum brokerage charge of Rs 20.
Upstox differs in the sense that it also offers third-party trading tools, such as Dartstock, NEST Trader, and Fox Trader. On the other hand, Zerodha solely provides Zerodha Kite as a trading platform. The other difference is that Zerodha has put more effort into learning.
For beginners and seasoned investors/traders, Zerodha Varsity, Zerodha support portal, Zerodha Q&A, and Z-connect are good options. Hence, while Zerodha offers a more in-depth learning experience, Upstox lags behind in these initiatives.
3. Is Zerodha fake?
No, Zerodha is not fake. Zerodha is a legitimate stock brokerage service in India. It is registered with SEBI, CDSL, and all of India’s major stock markets.
Zerodha, like other popular brokers, is governed by SEBI and RBI laws. It is a legitimate broker with a track record of over 10 years in the industry.
4. Which one is better: Zerodha or Wisdom Capital?
Zerodha is a better platform not only because of the services it provides but also because it offers a more in-depth learning experience. Zerodha charges a maximum of Rs 20 per trade, while Wisdom Capital charges a maximum of Rs 9 per trade.
Both brokers are pioneers in the discount broking model in India. In comparison to Wisdom Capital, Zerodha has a higher overall rating. Wisdom Capital is rated 4 out of 5, whereas Zerodha is rated 4.5 out of 5.
