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

Find a Comparison of WisdomCapital vs Canara Bank 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 WisdomCapital and Canara Bank.

Background

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

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

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

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

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

Software
Web/HTML 5
Mobile
Charting

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

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 10x for Intraday Upto 2x for Delivery & Upto 6x for Intraday
Equity Futures Upto 5x for Intraday Upto 3X
Equity Options Shorting Intraday upto 2x Upto 5X
Currency Futures Upto 2x for Intraday Upto 2X
Currency Options Shorting Intraday upto 2x Upto 2X
Commodity Upto 5x for Intraday Upto 2X
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 16.10 Crores Rs 3283 Crores
Profit after Tax FY12/13 Rs 17.99 Crores Rs 2872 Crores
Profit after Tax FY13/14 Rs 22.69 Crores Rs 2438 Crores
Profit after Tax FY 14/15 Rs 20.31 Crores Rs 2703 Crores
Profit after Tax FY 15/16 Rs 22.59 Crores Rs (2813) Crores
Profit after Tax FY 16/17 Rs 22.34 Crores Rs 1122 Crores
Profit after Tax FY 17/18 Rs 27.53 Crores Rs (4222) Crores
Profit after Tax FY 18/19 Rs 25.98 Crores Rs 347 Crores
Profit after Tax FY 19/20 Rs 25.07 Crores Rs (2236) Crores
Profit after Tax FY 20/21 Rs 30.00 Crores Rs 4406.07 Crores
Profit after Tax FY 21/22 Rs 30.00 Crores Rs 5464.49 Crores
Profit after Tax FY 22/23 Rs 28.00 Crores Rs 7518.54 Crores
Debt FY11/12 Rs 27.46 Crores Rs 4.7 Lakhs
Debt FY12/13 Rs 29.13 Crores Rs 5.2 Lakhs
Debt FY13/14 Rs 49.81 Crores Rs 5.6 Lakhs
Debt FY14/15 Rs 44.23 Crores Rs 6.1 Lakhs
Debt FY15/16 Rs 41.95 Crores Rs 6.8 Lakhs
Debt FY16/17 Rs 30.29 Crores Rs 7.2 Lakhs
Debt FY17/18 Rs 40.43 Crores Rs 8.3 Lakhs
Debt FY18/19 Rs 42.26 Crores Rs 7.9 Lakhs
Debt FY19/20 Rs 54.07 Crores Rs 9.4 Lakhs
Debt FY20/21 Rs 34.99 Crores Rs 9.9 Lakhs
Debt FY21/22 Rs 56.59 Crores Rs 10 Lakhs
Debt FY22/23 Rs 36.57 Crores Rs 4.7 Lakhs
Profit to Equity(%) FY11/12 3.04 74.10
Profit to Equity(%) FY12/13 3.71 64.83
Profit to Equity(%) FY13/14 5.60 54.48
Profit to Equity(%) FY14/15 5.08 11.06
Profit to Equity(%) FY15/16 7.64 (10.69)
Profit to Equity(%) FY16/17 7.59 4.15
Profit to Equity(%) FY17/18 9.84 (16.74)
Profit to Equity(%) FY18/19 9.50 1.40
Profit to Equity(%) FY19/20 9.50 (8.05)
Profit to Equity(%) FY20/21 12.20 6.71
Profit to Equity(%) FY21/22 12.37 12.82
Profit to Equity(%) FY22/23 14.06 19.49
Balance Sheet Size FY11/12 Rs 36.09 Crores Rs 156538,78.76
Balance Sheet Size FY12/13 Rs 39.64 Crores Rs 182468,06,75 Crores
Balance Sheet Size FY13/14 Rs 39.64 Crores Rs 583519 44 35 Crores
Balance Sheet Size FY14/15 Rs 50.37 Crores Rs 583519 44 35 Crores
Balance Sheet Size FY15/16 Rs 37.32 Crores Rs 583519 44 35 Crores
Balance Sheet Size FY16/17 Rs 35.32 Crores Rs 583519 44 35 Crores
Balance Sheet Size FY17/18 Rs 50.06 Crores Rs 616886 10 48 Crores
Balance Sheet Size FY18/19 Rs 45.20 Crores Rs 694766 69 05 Crores
Balance Sheet Size FY19/20 Rs 34.20 Crores Rs 723874 74 53 Crores
Balance Sheet Size FY20/21 Rs 53.21 Crores Rs 1027147 88 07 Crores
Balance Sheet Size FY21/22 Rs 48.12 Crores Rs 1228104 88 07 Crores
Balance Sheet Size FY22/23 Rs 44.79 Crores Rs 1345732 24 75 Crores

Comparison Link:

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Frequently Asked Questions

Is WisdomCapital better than Canara Bank ?

WisdomCapital and Canara Bank 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 better than WisdomCapital ?

WisdomCapital and Canara Bank 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 cheaper than Canara Bank ?

WisdomCapital and Canara Bank 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 Canara Bank cheaper than WisdomCapital ?

WisdomCapital and Canara Bank 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 WisdomCapital vs. Canara Bank ?

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