Wisdom Capital Review 2021 | Discount Broker, Demat Account, Brokerage Charges, Margin

 
 
 
 
 

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Wisdom Capital Review | Brokerage Charges, Account Opening

Wisdom Capital is the prominent stockbroker of India, started its operation in 2013 as a discount broker. It is the online wing of Ashlar Group of companies. Wisdom capital is famous for its low brokerage in various different segments. It is a SEBI registered broker and facilitate you to invest in national exchanges; NSE, BSE, MCX and NCDEX. Wisdom Capital offers you to invest/trade in equity, derivative, currency, commodity and mutual funds. Wisdom Capital has its headquarter in Noida (Uttar Pradesh) and it has its presence in 500+ cities.
Wisdom Capital offers 3 types of different plans; Freedom Plan, Pro Plan and Ultimate Plan. In all these plans, you can trade in almost all national exchanges. You can take any plan as per your requirement. Most unique feature which makes the Wisdom Capital one of the best discount stockbroker is the leverage and margin facility in all plans and in almost every segment including intraday. It provides both online and offline trading facility in its platform.
Wisdom Capital offers trading software; Trade Eye, Nest Trader, Fox Trader, Wisdom Pro Trading App and Wisdom Trade. With the help of trading software, you can analyse the market and in this way, you can enhance your market experience.

Wisdom Capital Brokerage Plan

“Offer Extended * Trade @ 5/-Per Order OR Trade @ 555/-Per Month Per Exchange#.

Pricing Plan

NSE Equities

NSE Future & Options

MCX

Account Opening

Free

Free

Free

Validity

Lifetime

Lifetime

Lifetime

Brokerage

0.01%*

9/- Trade*

9/- Trade*

Intraday Margin (MIS/BO/CO)

Up to 5X

1X

1X

Offline Trading Charges

Rs. 20/- Order + GST

Rs. 20/- Order + GST

Rs. 20/- Order + GST

Free Demat Opening

Yes

Yes

Yes

Demat Maintenance Cost

Lifetime Free with one time charge of 999/-+ GST

Not Applicable

Trading Software

NEST & WISDOM PRO (Web and Mobile Trading)

Note– The Freedom Plan has been discontinued and upgraded to Pro Plan with effect from 10 July, 2021. 

* Offer is applicable only for New Clients.

# Cover Order/Bracket Order/API/Algo Products are not included.



Wisdom Capital Account Charges

Wisdom Capital is well-known for its unique services as it provides free demat and trading account opening in its platform.

Account

Charges

Trading Account Opening Charges

Free

Trading Account AMC

Free

Demat Account Opening Charges

Free

Demat AMC

Rs.999 + taxes (For Lifetime)


Wisdom Capital Advantages and Disadvantages:

Advantages:
• Provide facility to invest in almost all segments; equity, derivative, currency, commodity and mutual fund.
• You can trade in BSE, NSE and MCX.
• Offers semi and fully automated algo trading.
• Free trading software.
• Different unlimited validity plans available for all kind of traders.
• 100% paperless account opening facility.
• Handsome leverage in every segment.

Disadvantages:
• You can not invest in IPO by using this platform.
• It does not provide the facility to invest in US stocks.



Frequently Asked Question

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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