Zirodha or wisdom capital which one is better?

It is clearly mentioned in footer of their website about registration No etc. Please check before writing false comments.

http://wisdomcapital.in/

It seems that the base rate are indeed better with Wisdom @9/- per trade than Zerodha's 20?- per trade.

But there has to be a catch somewhere ? This needs to be investigated further.

1) We can put a "Buy" order for 1000 shares. As far as we are concerned this IS a SINGLE trade.

But this need not be so in reality. Exchange may execute "our" single order of 1000 shares in multiple traders of lower qty.

How do these firms compute brokerage ? (A) our order of 1000 shares or (B) multiple trades executed by the exchange ?

If it is the second one, there will not be any advantage over Zerodha (which I believe is charging brokerage on OUR order of each trade)

So if exchange is executing the above order of 1000 shares in say 5 trades does wisdom charge 5* 9 =45/. Zerodha would be charging only 20/- as per my understanding.

Pls correct me if I wrong.

2) Zerodha offers charting through NestPlus free membership for its clients for charting and a few other utilities. There are advanced information provided through NestPlus for a fee too.

Competitively, wisdom seems to be providing charting (RT DATA) for a fee only @600/- per segment per month. So if you are an Equity + F&O trader you will have to pay another 1200/- for getting the RTDATA required for charting.

Ideally if you are only a F&O trader, you will require data for the Underlying Equity too to look at its performance on a long term basis. So you will have to subscribe for a minimum of 2 segments.

How can a serious trader do any informed trade without studying the scrip for which RT DATA and Charting is essential. Off course those who trade on tips and purely gamble do not require any charting nor would they understand it. But then aren't these the very reasons of the senseless volatility of Indian markets.

If what I understood is correct, perhaps Zerodha would be cheaper in the long term basis.

Suresh

Sir ,

(i) You are getting confused about the charges. Zerodha and Wisdom Both are charging Flat Brokerage of per executed Order. Only Differences are Zerodha is costing 20/- whereas Wisdom is charging 9/-. Please check here : http://wisdomcapital.in/brokerage-plan/freedom-plans/

(ii) Nest Trader and Nest Plus are available with both of them free of cost. You are talking about external data products for that Zerodha and Wisdom Both of them are Trading Partners with Global Data Feeds and costing same for semi automated algo trading. Wisdom is offering fully automated algo trading thats a bonus for us.

So ultimately Wisdom is the best.

regards

The day is not too far when brokers will "pay" you for your trades. lol

How to send a private message .The option is not enable for me .
Can any one guide me

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Sir ,

(i) You are getting confused about the charges. Zerodha and Wisdom Both are charging Flat Brokerage of per executed Order. Only Differences are Zerodha is costing 20/- whereas Wisdom is charging 9/-. Please check here : http://wisdomcapital.in/brokerage-plan/freedom-plans/

UNQUOTE

# You might be right. But then what exactly does the term "per executed order" imply as per their definition ? It is a very loose term and could be left to the imagination of the reader. The truth shall be known only to the clients when then get the statement. So if you have an account with them, it would be nice if you can provide a scanned image of the trade statement. This would certainly remove any confusion.

QUOTE

(ii) Nest Trader and Nest Plus are available with both of them free of cost. You are talking about external data products for that Zerodha and Wisdom Both of them are Trading Partners with Global Data Feeds and costing same for semi automated algo trading. Wisdom is offering fully automated algo trading thats a bonus for us.

So ultimately Wisdom is the best.

UNQUOTE

# Zerodha provides the basic subscription of NestPlus for free. Which means the basic intraday and EOD charts and all the indicators are free with them. I do not have to pay a single rupee to get these charts.

But that is not what Wisdom says in their website.
http://wisdomcapital.in/semi-automated-algo-trading/
Two links from the above page leads to the following
http://www.globaldatafeeds.in/price_list__subscription_charges.html
http://www.globaldatafeeds.in/nimbledatapro-features_and_more_information.html

Then again look at wisdom data feed page

http://wisdomcapital.in/wisdom-data/

What they are providing free is only a basic software to trade. Anything else could be costly. The rates could be cheap for a serious trader who makes good profit. But not starters and casual retail traders.

I think you are assuming many things about them. Pls verify.

Finally, in this website there are many allegations against them. I can understand that it could be done by competitors. But them the reply provided by the wisdom personal was not at all satisfactory and logical. In fact he closed the thread in a hurry. This is not a good and healthy sign and do not inspire confidence.

I think that is what is most important as far as an client is considered - Confidence in the company.

wisdom capital. please tell about your fully automatic trading system

Sir,

You are having wrong impressions about data feeds. I am having account with WC and Trading for over six months period now. Data feed in NEST/NOW/ODIN terminal is absolutely free with Wisdom Capital.

Wisdom Data or Global Datafeeds are different product required for other softwares like Amibroker or Metastock etc for Technical Analysis or Algo Trading.

regards

Good Work Sir

Good question raised by agsuresh but still unanswered !!

what exactly does the term "per executed order" imply as per their definition ?

Exchange may execute "our" single order of 1000 shares in multiple traders of lower qty.

How do these firms compute brokerage ? (A) our order of 1000 shares or (B) multiple trades executed by the exchange ?