5Paisa-Vs-Wisdom-Capital-Compare

This article will cover the overall aspects of these two discounts stock brokers 5Paisa Vs Wisdom Capital, will let you decide for yourself, which suits you more by giving you a side by side comparison of two of the most significant discount brokers.

If you, too, are looking for a 360-degree view on the difference and comparison of these two, then this post is a must-read for you.

This post will cover the overall aspects of these two stockbrokers and will let you decide for yourself, which suits you more by giving you a side by side comparison of two of the most significant discount brokers.

However, before we get onto the comparison and let you to decide which one will benefit you more, let us take a glance at what exactly brokerage charges are and why it is essential to choose your stock broker carefully.

Full-service stockbrokers charge a brokerage or a fee as a percentage of your overall trading turnover. Let’s take, for example, a situation.

If you have placed a trade of Rs, ten thousand for equity delivery, and the percentage your broker charges you with is 0.4% or 40 paise, then you will be charged Rs. 40 as the total brokerage charge for that one particular trade.

However, here we are talking about two discount stock brokers. The difference here is that discount brokers charge a fixed and flat rate of brokerage, which is irrespective of the trade value you indulge in. It could cost Rs. 10 or Rs. 20 as per they wish to keep it.

The two have been compared based on Capital brokerage, exposure margin, charges, and demat account. The comparison is based on over a hundred different attributes to reach a clear and distinctive point of conclusion.

Here are the basis on which 5Paisa and Wisdom Capital have been compared and analyzed:

  • Charges
  • Brokerage plan 1
  • Brokerage plan 2
  • Transactional charges
  • Exposure margin
  • Feature comparison
  • Investment options
  • Customer service
  • Order type offered
  • Research report
  • Suitable for which investor
  • Advantages and disadvantages of each

5Paisa vs Wisdom Capital

Basis            5PaisaWisdom Capital
About the broker5Paisa is a discount broker in India and stands at the 2nd position of the best ones. It is based in the city of Mumbai in India.It is a fragment of IIFL, also known as India Infoline. India Infoline is our country’sforemosteconomic services company.Around thelatter half of 2016, 5paisa was re-launched for the purpose of online retail broking along with new brokerage model and plans. 5paisa offer services of online mutual funds, online trading, personal loans, andonline insurances.Wisdom Capital was incorporated in 2013 and is an online discount brokerage firm that offers brokerage services for currency and commodities, future and options, stocks on NCDEX, MCX, BSE, and NSE. They also provide tools like live data, charting, etc. at either bare minimum cost or free of charges. These tools help the buyer in making informed decisions and choices.
Supported ExchangeBSE, NSE, MCX-SXSX, USE, BSE, NSE, NCDEX, MCX
Type of brokerDiscount BrokerDiscount Broker
Year of Incorporation20152013
Account TypeFlat rate PlanProPlan
Number of Branches in India2250

5Paisa vs Wisdom Capital Charges

There are a good amount of difference between the charges pressed by 5Paisa and Wisdom Capital. 5Paisa charges Rs 650 fir account opening while Wisdom Capital does it for free.

Basis             5PaisaWisdom Capital
Trading Account AMCFreeRupees 0
Trading Account Opening FeesRupees 250Rupees 0
Demat Account AMCRupees 400Rupees 999 (lifetime)
Demat Account Opening FeesfreeFree
Demat Account StatusNot MandatoryNot Mandatory

5Paisa vs Wisdom Capital Charges Brokerage

5Paisa is a discount broker and charges a flat fee of Rs 10 per executed order for currency & commodities, Equity F&O, and Equity Cash. By far, the brokerage plans by these two brokers is the lowest. Wisdom Capital, on the other hand, charges Rs 9 per trade on your Pro Plan.

Brokerage Plan 1

 5PaisaWisdom Capital
 Flat Rate PlanProPlan
Equity IntradayRupees 10 every executed orderRupees. 9 everyexecuted order
Fixed ChargesNA
Equity OptionsRupees. 10 everyexecuted orderRupees. 9 everyexecuted order
Equity FuturesRupees. 10 everyexecuted orderRupees. 9 everyexecuted order
Currency Options TradingRupees. 10 everyexecuted orderRupees. 9 everyexecuted order
Commodity Futures TradingRupees. 10 everyexecuted orderRupees. 9 everyexecuted order
Currency Futures TradingRupees. 10 everyexecuted orderRupees. 9 everyexecuted order
Commodity Options TradingRupees. 10 everyexecuted orderRupees. 9 pe every executed order

5Paisa vs Wisdom Capital Charges Brokerage

Brokerage Plan 2

5Paisa    Wisdom Capital
 Flat Rate PlanFreedom Plan
Equity DeliveryRupees 10 everyexecuted orderRupees. 0
Fixed ChargesNARupeeseverymonth per segment
Equity FuturesRupees. 10 everyexecuted orderRupees. 0
Equity IntradayRupees. 10 everyexecuted orderRupees. 0
Currency Futures TradingRupees. 10 everyexecuted orderRupees. 0
Equity OptionsRupees. 10 everyexecuted orderRupees 0
Commodity Futures TradingRupees. 10 everyexecuted orderRupees. 0
Currency Options TradingRupees. 10 everyexecuted orderRupees. 0
Commodity Options TradingRupees  10 everyexecuted order Rupees  0

Other Charges

Other Brokerage Charges  
Minimum BrokerageRupees  10 everytrade 
Call & Trade ChargesRupees  100 everycall (irrespective of the number of calls)Rupees  20 everyexecuted order

5Paisa vs Wisdom Capital Transaction Charges

This table compares 5Paisa and Wisdom Capital on PCM fee and transaction charges by segment.

 5Paisa    Wisdom Capital
Equity Intraday0.00325%0.0035%
Equity Delivery0.00325%0.0035%
Equity Options0.051% (on premium)0.06% on premium)
Equity Futures0.0021%0.0028%
Currency Options0.051%
Currency Futures0.0021%
 
Commodity 0.0025%

5Paisa vs Wisdom Capital Exposure Margin

5Paisa    Wisdom Capital
Equity Intraday MarginUp to 20x5x to 40x (depending on brokerage plan)
Equity Delivery MarginUp to 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x)5x to 40x (depending on brokerage plan)
Equity Options MarginIntra-day: 1x | Carry forward: 1x5x to 40x (depending on brokerage plan)
Equity Futures MarginIntra-day: 3.5x | Carry forward: 1x (no margin)5x to 20x (depending on brokerage plan)
Currency Options MarginIntra-day: 1x | Carry forward: 1x4x to 15x (depending on brokerage plan)
Currency Futures MarginIntra-day: 1 time | Carry forward: 1x4x to 15x (depending on brokerage plan)
Commodity Options
Commodity Futures Margin5x to 20x (depending on brokerage plan)

5Paisa vs Wisdom Capital Feature Comparison

Both these brokers, 5Paisa and Wisdom Capital offer 2 in 1 account which includes demat and trading account. They bother offer automated trading, program trading, robotic trading, and algo trading for equity.

Margin funding is not offered by Wisdom Capital whereas it is offered by 5Paisa. None of the above mentioned two share brokers offer NRI trading facility.

5Paisa    Wisdom Capital
ChartingYESYES
3 in 1 accountNANA
SMS AlertsYESYES
Automated TradingNA
Online PortfolioYESYES
Online DemoYESNA
Margin Against Shares (Equity Cash)YES
Margin Trading Funding AvailabilityYESYES
Trading Platform3:10 PM
Margin Against Shares (Equity F&O)5paisa Trade StationNEST
Intraday Square-Off Time

5Paisa vs Wisdom Capital Investment Options

Both 5Paisa and Wisdom Capital offer investment and trading options in equity derivatives and equity on exchanges of both BSE and NSE. Both of these stock brokers offer trading options in MCX commodity. Wisdom Capital does not offer the option of mutual fund investment, whereas 5Paisa does. None of the brokers have PMS Service.

5Paisa          Wisdom Capital
CommodityNAYES
Stock / EquityYESNA
Initial Public Offers (IPO)YESNA
CurrencyYESYES
Bond / NCDYESNA
Mutual FundsYESNA
Other Investment OptionsMutual Funds, Insurance
DebtYESNA

5Paisa vs Wisdom Capital Order Type Offered

5Paisa          Wisdom Capital
Cover OrderYESYES
Bracket OrderYESNA
STBT (Sell Today Buy Tomorrow)YES
BTST (Buy Today Sell Tomorrow)YES
GTC (Good Till Cancelled)NANA
AMO (After Market Order)YESYES
MIS orderYESYES
CNC orderYESYES
NRML OrderYESYES

5Paisa vs Wisdom Capital Research Report

5Paisa          Wisdom Capital
Free TipsNAYES
Daily Market ReportNAYES
News AlertsNANA
Quarterly Result AnalysisNANA

5Paisa vs Wisdom Capital Customer Service Options

5Paisa          Wisdom Capital
Live ChatNAYES
Email SupportYESYES
Toll Free NumberNAYES
PhoneYESYES
24/7 Customer ServiceNANA
Offline branchesNAYES
Online Live ChatYESNA

5Paisa vs Wisdom Capital Features

5Paisa          Wisdom Capital
Orders accepted after trading hoursYESYES
Mobile TradingYESYES
SMS alertsYESYES
ChartingYESYES
Automated tradingYESYES
Robo advisoryYESNA
Margin fundingYESYES
Market tipsYESNA
3 in 1 accountNANA
Relationship managersNANA
Complaint percentage of active clients0.06%0.06%
Trading platforms5Paisa Trade station, 5paisa mobile app, 5Paisa trader terminalBOLT, NSE NOW, NEST

5Paisa vs Wisdom Capital suitable for which investor type

5Paisa          Wisdom Capital
Active InvestorYES
TraderYES

5Paisa vs Wisdom Capital Advantages and Disadvantages

Both these share brokers have their own advantages and disadvantages to offer. This list of comparison will help you gather more knowledge about them and will better help you decide which share broker will prove to be a better fit for you when it comes to share dealing and trading.

5Paisa          Wisdom Capital
Advantages·       It offers cheapest possible brokerage services. You just have to pay Rs. 10 everyexecuted offer.

·       The brokerage fee is flat. You do not have to worry about the size of the trade.

·       Free access to trading software such as trading 5paisa terminal and 5paisa mobile app.

·       Exposure in (EDT) equity delivery trading – 4x.

·       Exposure in (EIT) equity intraday trading – 20x.

·       Exposure in (DIT) derivatives intraday trading – 3.5x.

·       It is backed by IIFL which is a premier non-banking financial institution with an experience of more than 2 decades.

·       You get free derivative, fundamental, and technical research and advice.

·       They deal in multiple market sections including F&O, NSE cash, and currency with one single trading terminal.

·       Limitless monthly dealing plans are available for trade-off at MCX, BSE, and NSE.

·       Trading software such as installable trading terminal, mobile app, and website are available to be used totally free of cost.

·       It offers semi-automated and fully algo trading.

Disadvantages·       In addition to brokerage, call & trade is charges at Rs. 100 per call. However, unlimited trading calls can be placed in a single call.

·       Research & advisory are only accessible after paying an additional cost.

·       Demat charges are higher than most of its competitors at Rs. 25 per transaction.

·       Demat account and NRI trading is not available at 5paisa.

·       5paisa does not deal in commodity trading facility.

·       It does not offer 3 in 1 account facility.

·       Wisdom capital does not offer the facility of having a 3 in 1 account.

·       Traders are not offered the facility of investing in NCDs, mutual funds, FPO, and (OFS)offer for sales.

·       Algo trading is only available after paying additional charges of Rs. 550 each month in case of semi-automated trading.

·

5Paisa vs Wisdom Capital Ratings

 5Paisa          Wisdom Capital
Fees rating3.5 / 54 / 5
Trading brokerage rating3.5 / 54.5 / 5
Trading platform usability2.5 / 53.5 / 5
Customer service rating2.5 / 53.5 / 5
Overall rating2.5 / 53.5 / 5
Broker rating2.9 / 53.6 / 5
Investment offerings4 / 54 / 5

Conclusion

5Paisa and Wisdom Capital are two of the most successful discount stock brokers in India. The above side by side comparison of the two will help you have a better picture of which one will better suit your brokerage needs and requirements.

While the two are not strikingly distinct, there surely are some points of distinctions between the two. The comparison will surely help you decide which one to go for.