Compare stock brokers
Ski Capital vs. Wisdom Capital
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Ski Capital and Wisdom Capital. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Ski Capital and Wisdom Capital.
Overview
Ski Capital is public company and Wisdom Capital is private company. Ski Capital operates as a full service Broker, while Wisdom Capital functions as a discount broker. Narinder Wadhwa co-founded Ski Capital in 1993. And Wisdom Capital was founded in the year 2013 by Deb Mukherjee. Ski Capital's headquarters are in New Delhi and Wisdom Capital's headquarters are in Noida, Uttar Pradesh, India.
Ski Capital operates as a full service Broker, while Wisdom Capital functions as a discount broker. Ski Capital is registered in NA, while Wisdom Capital is registered in BSE, NSE, MCX, NCDEX. The total branches of Ski Capital are Nil and the Wisdom Capital branches are 250.
| Overview | Ski Capital | Wisdom Capital |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Public | Private |
| Headquarter | New Delhi | Noida, Uttar Pradesh, India |
| Founders | Narinder Wadhwa | Deb Mukherjee |
| Foundation Year | 1993 | 2013 |
| Supported Exchanges | NA | BSE, NSE, MCX, NCDEX |
| Total branches | Nil | 250 |
Ski Capital and Wisdom Capital Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Ski Capital charging Rs.200 and Wisdom Capital charging Zero.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Ski Capital Demat account is Rs.499 per Annum and for the Wisdom Capital Demat account is lifetime 0Rs 999 + taxes. The Trading AMC for Ski Capital and Wisdom Capital is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Ski Capital and Wisdom Capital is CDSL.
| Account Opening and Demat Charges | Ski Capital | Wisdom Capital |
|---|---|---|
| Trading Account Opening Charges | Rs.200 | Zero |
| Demat AMC (Annual Maintenance Charges) | Rs.499 per Annum | lifetime 0Rs 999 + taxes |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero Margin | Zero |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | NSDL |
Ski Capital and Wisdom Capital Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Ski Capital is 0.2% – 0.5%, while Wisdom Capital charges you 0.01%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Ski Capital is 0.02% – 0.05% and for Wisdom Capital also, it is 0.01%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Ski Capital charge 0.02% – 0.05% and Wisdom Capital charge Rs 9 Per Order for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Ski Capital charges Rs.20 – Rs.50 per Lot, and Wisdom Capital charges Rs 9 Per Order.
| Equity Brokerage Charges | Ski Capital | Wisdom Capital |
|---|---|---|
| Equity Delivery Brokerage | 0.2% – 0.5% | 0.01% |
| Equity Intraday Brokerage | 0.02% – 0.05% | 0.01% |
| Equity Futures Brokerage | 0.02% – 0.05% | Rs 9 Per Order |
| Equity Options Brokerage | Rs.20 – Rs.50 per Lot | Rs 9 Per Order |
Ski Capital and Wisdom Capital Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Ski Capital is 0.02% – 0.05% and for Wisdom Capital is Rs 9 Per Order.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Ski Capital charges Rs.10 – Rs.25 per Lot for currency options, whereas Ski Capital charges Rs 9 Per Order.
| Currency Brokerage Charges | Ski Capital | Wisdom Capital |
|---|---|---|
| Currency Futures Brokerage | 0.02% – 0.05% | Rs 9 Per Order |
| Currency Options Brokerage | Rs.10 – Rs.25 per Lot | Rs 9 Per Order |
Ski Capital and Wisdom Capital Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Ski Capital charges 0.02% – 0.05% for commodity trading, while Wisdom Capital charges Rs 9 Per Order.
| Commodity Brokerage Charges | Ski Capital | Wisdom Capital |
|---|---|---|
| Commodity Options Brokerage | 0.02% – 0.05% | Rs 9 Per Order |
Ski Capital and Wisdom Capital Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Ski Capital levies a minimum brokerage fee of Percentage of Transaction, while Wisdom Capital charges Zero brokerage fee.
Transaction Brokerage Charges: Ski Capital levies a transaction brokerage charge of 0.00323%, while Wisdom Capital charges 0.00300%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Ski Capital is 0.0002% of Total Turnover and for Ski Capital is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Ski Capital are 0.0126% of Total Turnover, while for Wisdom Capital, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Ski Capital charges NA and Wisdom Capital charges Rs 20 per executed order.
| Other Brokerage Charges | Ski Capital | Wisdom Capital |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Zero | Transaction Brokerage Charges | 0.00323% | 0.00300% | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 20 per executed order |
Ski Capital and Wisdom Capital Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Ski Capital is up to Upto 2x and by Wisdom Capital it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Ski Capital is up to Upto 6x and by Wisdom Capital it is up to Upto 20x 0MIS, BO & CO.
Equity Futures: Leverage for Equity Futures by Ski Capital is up to Upto 2x and by Wisdom Capital it is up to Upto 4x MIS, BO & CO | Trade Nifty & Bank Nifty @ 40000 approx.
Equity Options: Leverage for Equity Options by Ski Capital is up to Upto 4x and by Wisdom Capital also, it is up to Upto 4x MIS, BO & CO .
| Equity Leverage | Ski Capital | Wisdom Capital |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 6x | Upto 20x 0MIS, BO & CO | Equity Futures | Upto 2x | Upto 4x MIS, BO & CO | Trade Nifty & Bank Nifty @ 40000 approx | Equity Options | Upto 4x | Upto 4x MIS, BO & CO |
Ski Capital and Wisdom Capital Currency Leverage
The currency futures leverage provided by Ski Capital is up to Upto 3x, while for Wisdom Capital it is up to Upto 4x.
The currency options leverage provided by Ski Capital is up to Upto 3x, while for Wisdom Capital it is up to Upto 4x.
| Currency Leverage | Ski Capital | Wisdom Capital |
|---|---|---|
| Currency Futures | Upto 3x | Upto 4x | Currency Options | Upto 3x | Upto 4x |
Ski Capital and Wisdom Capital Commodity Leverage
The commodity leverage provided by Ski Capital is up to Upto 3x, while for Wisdom Capital it is up to Upto 4x MIS, BO & CO.
| Commodity Leverage | Ski Capital | Wisdom Capital |
|---|---|---|
| Commodity | Upto 3x | Upto 4x MIS, BO & CO |
Ski Capital and Wisdom Capital Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Ski Capital | Wisdom Capital |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | No | Yes | Zero Brokerage on Loss Trades | No | No |
Ski Capital and Wisdom Capital Features
Equity Trading: Ski Capital and Wisdom Capital brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Ski Capital and Wisdom Capital also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Ski Capital and Wisdom Capital broker is that you can also invest in IPOs. Ski Capital also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Ski Capital offers trading exposure of up to Upto 6x, while Wisdom Capital gives up to Upto 4x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Ski Capital and Wisdom Capital, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Ski Capital and Wisdom Capital also allow you to trade in forex trading.
| Features | Ski Capital | Wisdom Capital |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 4x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Ski Capital and Wisdom Capital Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Ski Capital and Wisdom Capital offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Ski Capital | Wisdom Capital |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | No | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Ski Capital and Wisdom Capital Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Ski Capital and Wisdom Capital offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Ski Capital | Wisdom Capital |
|---|---|---|
| Windows | Yes | Yes |
| Mac | No | Yes |
| Desktop Browser | Yes | Yes |
Ski Capital and Wisdom Capital Mobile Trading Platforms
Ski Capital and Wisdom Capital offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Ski Capital | Wisdom Capital |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Ski Capital and Wisdom Capital Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Ski Capital and Wisdom Capital give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Ski Capital | Wisdom Capital |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | Yes |
| Support Branches | 920 | 0 |
Ski Capital and Wisdom Capital Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Ski Capital and Wisdom Capital registered and resolved complaints.
For Ski Capital, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Wisdom Capital, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is NaN %.
We can say that Ski Capital is better than Wisdom Capital in case of resolving customer complaints.
| BSE Complaints | Ski Capital | Wisdom Capital |
|---|---|---|
| BSE Complaints | 1 | 0 |
| BSE Resolved Complaints | 1 | 0 |
| Percentage of resolved BSE complaints | 100.00 % | NaN % |
| NSE Complaints | 2 | 0 |
| NSE Resolved Complaints | 2 | 0 |
| Percentage of resolved NSE complaints | 100.00 % | NaN % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | NaN % |
Frequently Asked Questions
Is Ski Capital better than Wisdom Capital?
Ski Capital is a full service broker and Wisdom Capital is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Wisdom Capital better than Ski Capital?
Wisdom Capital is a discount broker and Ski Capital is a full service broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Ski Capital and Wisdom Capital?
Being a full-service broker, Ski Capital tends to have higher brokerage charges, while Wisdom Capital, being a discount broker, offers comparatively cheaper rates. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Ski Capital and Wisdom Capital?
To figure out which of the two stockbrokers, Ski Capital and Wisdom Capital, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Ski Capital with other stock brokers
Visit the following pages to see a detailed comparision report of Ski Capital with other brokerage firms.
Compare Wisdom Capital with other stock brokers
Visit the following pages to see a detailed comparision report of Wisdom Capital with other brokerage firms.