Canara Bank vs WisdomCapital – Compare Charges, Trading Features, Offers & more

Find a Comparison of Canara Bank vs WisdomCapital here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Canara Bank and WisdomCapital.

Background

Year of Incorporation 1996 2012 - Started sub Brokers for Alice Blue - Now for F6 Finserve
Website https://www.canmoney.in/ https://www.wisdomcapital.in/
Phone 1800-22-0369 1800-3000-5048
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX NSE, BSE, MCX, & NCDEX
Demat (NSDL/CDSL) CDSL and NSDL NSDL/CDSL - Partnership with Globe Capital Markets
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday Rs. 9 per executed order
Equity Futures 0.04% Rs. 9 per executed order
Equity Options Rs.50 per Lot Rs. 9 per executed order
Currency Futures 0.04% Rs. 9 per executed order
Currency Options Rs.50 per Lot Rs. 9 per executed order
Commodity Rs.50 per Lot Rs 9 per Executed Order or 999 Per Month
Account Opening Costs

Trading only Free Free
Trading & Demat Free Rs 200
Commodity Free Free
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.0035% of Turnover
Futures 0.00325% 0.0028% of Turnover
Options 0.00325% 0.06% of Premium Turnover
Commodities 0.00325% 0.0025% of Turnover
AMC charge Rs.500 per Annum Rs 999 - Lifetime Demat Maintenance Charges
DP Transaction Charge Rs 9 + GST Rs 14/Debit Transaction
Offline order placing Charge Rs 20 per executed order Rs 20/ Executed Order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 22 Days
End of Day 5 Years 10 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday Upto 10x for Intraday
Equity Futures Upto 3X Upto 5x for Intraday
Equity Options Upto 5X Shorting Intraday upto 2x
Currency Futures Upto 2X Upto 2x for Intraday
Currency Options Upto 2X Shorting Intraday upto 2x
Commodity Upto 2X Upto 5x for Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 3283 Crores Rs 16.10 Crores
Profit after Tax FY12/13 Rs 2872 Crores Rs 17.99 Crores
Profit after Tax FY13/14 Rs 2438 Crores Rs 22.69 Crores
Profit after Tax FY 14/15 Rs 2703 Crores Rs 20.31 Crores
Profit after Tax FY 15/16 Rs (2813) Crores Rs 22.59 Crores
Profit after Tax FY 16/17 Rs 1122 Crores Rs 22.34 Crores
Profit after Tax FY 17/18 Rs (4222) Crores Rs 27.53 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs 25.98 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs 25.07 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 30.00 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 30.00 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 28.00 Crores
Debt FY11/12 Rs 4.7 Lakhs Rs 27.46 Crores
Debt FY12/13 Rs 5.2 Lakhs Rs 29.13 Crores
Debt FY13/14 Rs 5.6 Lakhs Rs 49.81 Crores
Debt FY14/15 Rs 6.1 Lakhs Rs 44.23 Crores
Debt FY15/16 Rs 6.8 Lakhs Rs 41.95 Crores
Debt FY16/17 Rs 7.2 Lakhs Rs 30.29 Crores
Debt FY17/18 Rs 8.3 Lakhs Rs 40.43 Crores
Debt FY18/19 Rs 7.9 Lakhs Rs 42.26 Crores
Debt FY19/20 Rs 9.4 Lakhs Rs 54.07 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 34.99 Crores
Debt FY21/22 Rs 10 Lakhs Rs 56.59 Crores
Debt FY22/23 Rs 4.7 Lakhs Rs 36.57 Crores
Profit to Equity(%) FY11/12 74.10 3.04
Profit to Equity(%) FY12/13 64.83 3.71
Profit to Equity(%) FY13/14 54.48 5.60
Profit to Equity(%) FY14/15 11.06 5.08
Profit to Equity(%) FY15/16 (10.69) 7.64
Profit to Equity(%) FY16/17 4.15 7.59
Profit to Equity(%) FY17/18 (16.74) 9.84
Profit to Equity(%) FY18/19 1.40 9.50
Profit to Equity(%) FY19/20 (8.05) 9.50
Profit to Equity(%) FY20/21 6.71 12.20
Profit to Equity(%) FY21/22 12.82 12.37
Profit to Equity(%) FY22/23 19.49 14.06
Balance Sheet Size FY11/12 Rs 156538,78.76 Rs 36.09 Crores
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Rs 39.64 Crores
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Rs 39.64 Crores
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Rs 50.37 Crores
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Rs 37.32 Crores
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Rs 35.32 Crores
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 50.06 Crores
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 45.20 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 34.20 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 53.21 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 48.12 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 44.79 Crores

Comparison Link:

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Frequently Asked Questions

Is Canara Bank better than WisdomCapital ?

Canara Bank and WisdomCapital are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is WisdomCapital better than Canara Bank ?

Canara Bank and WisdomCapital are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Canara Bank cheaper than WisdomCapital ?

Canara Bank and WisdomCapital are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is WisdomCapital cheaper than Canara Bank ?

Canara Bank and WisdomCapital are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Canara Bank vs. WisdomCapital ?

To find out the better of the two stockbrokers Canara Bank and WisdomCapital, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.