Wisdom Capital Consumer Complaints

 
 
 
 
 

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Wisdom Capital Consumer Complaints

Wisdom Capital Limited is the online discount brokerage firm of India. It was established in 2013 as an online arm of Ashlar Group of companies. This Noida-based broker is very well-known for its low brokerage and attractive plans for different users. It provides the facility to invest in BSE, NSE, MCX and NCDEX. Wisdom Capital is a SEBI registered broker and it offers to invest/trade in equity, derivative, currency, commodity and mutual fund but currently it does not provide the facility to invest in IPOs, bonds and NCDs . Wisdom Capital is famous for its attractive leverage and margin exposure facility through which you can invest more and subsequently, it can increase your financial statement.
As a depositary participant of NSDL, it offers free demat and trading account opening on its platform. Wisdom Capital has its presence in more than 500 cities and it has an active client base of more than 25000 clients. It provides many free trading software and tools through which you can invest from any places.

Complaint against Wisdom Capital:

Every trader/investor uses their own strategy while trading in stock market. There are many problems used to come in different forms from broker end. Customers used to register complaints of broker at BSE and NSE. Such complaints are serious grievances against Wisdom Capital which the broker has failed to resolve. Such complaints are related to fund transfer, demat/trading account, trading platforms, products & services, brokerage etc. This complaint data is provided by BSE and NSE and it shows overall health of Wisdom Capital.
Wisdom Capital complaint report also provides the total no of active customers of Wisdom Capital as well as it shows the growth of the broker year on year.

Wisdom Capital Consumer Complaints:

Financial Year

Exchange

Number of Clients

Total Complaints

Percentage

2020-21

NSE

9012

17

0.19%

2019-20

NSE

7135

19

0.27%

2018-19

NSE

5102

16

0.31%

2017-18

NSE

3623

13

0.36%

2016-17

NSE

2289

7

0.31%

2015-16

NSE

2293

5

0.21%

2014-15

NSE

2371

7

0.29%

2013-14

NSE

1989

18

0.90%

2012-13

BSE

2998

3

0.10%

NSE

3294

10

0.30%

2011-12

NSE

876

8

0.91%

 

Wisdom Capital Complaint at NSE:

Entity

2020-21

2019-20

Defaulter

No

No

Number of active clients

9012

7135

Number of complaints received

17

19

Resolved through the exchange

15

15

Non-actionable

1

3

Advised/Opted for arbitration

0

0

Pending for redressal with exchange

1

1

No. of arbitration filed by clients

1

2

Decided by arbitrators in favour of the clients

1

2

Decided by the arbitrators

0

0

%of complaints against active customers

0.17%

0.23%

%of complaints resolved against received

92.85%

94.11%

 

Wisdom Capital Complaint at BSE:

Entity

2012-13

Defaulter

No

Number of active clients

2998

Number of complaints received

3

Resolved through the exchange

 

Non-actionable

 

Advised/Opted for arbitration

 

Pending for redressal with exchange

 

No. of arbitration filed by clients

 

Decided by arbitrators in favour of the clients

 

Decided by the arbitrators

 

%of complaints against active customers

 

%of complaints resolved against received

 

 

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Frequently Asked Questions


Yes, you can switch your plan, it allows you to change your plan from freedom to pro and ultimate but not allowed to change from ultimate to freedom and pro to freedom.
No, Wisdom Capital does not charge any extra brokerage on cancelling and modifying an order.
No, Wisdom Capital does not allow to invest in any IPO.
Wisdom Capital is equipped with many unique features such as zero brokerage plan known as Freedom plan, handsome leverage facility in all segment, you can switch from one plan to another.
No, Wisdom capital does not offer to invest in US stocks.
You can change your brokerage plan from Freedom to Pro and Ultimate within 24 hours, you need to send an email to helpdesk@wisdomcapital.in
Bracket Orders (BO) and Cover Order (CO) are intraday orders that’s why it needs to be square off 15 minutes before the market closes.
Yes, Wisdom Capital offers semi and fully Algo trading on its platform.
Yes, Wisdom Capital’s executive will come to collect the form if you choose Pro and Ultimate plan. To request the visit, kindly mail at helpdesk@wisdomcapital.in
NRML refers to when a trader wants to avail the leverage benefits in equity delivery whereas CNC (Cash and Carry) refers to when a trader can buy shares on the behalf of available funds in his/her account.
No, Wisdom Capital only offers 2-in-1 account on its platform.
Yes, you can place After Market Order (AMO) on Wisdom Capital.
If RMS square off the position then it will charge Rs.20 + GST per executed order.

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