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Wisdom Capital Review | Brokerage Charges, Account Opening
Wisdom Capital Track Record Of Best Online Stock Broker In India
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3.7
Company Rating
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Cities Covered
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Orders Per Day
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Daily Turnover
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Our Client Base
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4.2
Mobile App Rating
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3.7
Company Rating
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Cities Covered
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Orders Per Day
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Daily Turnover
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Our Client Base
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4.2
Mobile App Rating
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Wisdom Capital Account Opening Enquiry
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 Account Types:
Wisdom Capital offers 3 types of account to fulfil the various different requirement of investors. Each plan is equipped with modern features and lowest brokerage.
1. Freedom Plan:
This plan is also known as zero brokerage plan (0%) as in this plan, you don’t need to pay any brokerage in any segment. Freedom plans offers you to invest in BSE, NSE and MCX without any brokerage charge.
Transaction | Charges |
Demat Account Opening Charges | Rs.0 |
Demat AMC | Rs.999 + taxes (For Lifetime) |
Brokerage in Equities | Rs.0 |
Brokerage in Futures | Rs.0 |
Brokerage in Options | Rs.0 |
Brokerage in MCX | Rs.0 |
Call & Trade Charges | Rs.20 per executed order |
Segment | Margin |
Delivery Margin (Cash) | 1x |
Intraday Margin (Cash) | Upto 5x (MIS) |
Intraday Margin (Futures/MCX) | 2x (MIS) & 10x (Cover Order) |
Intraday Exposure (Options) | 1x |
2. Pro Plan:
This plan is for experienced traders who trade frequently and needs high leverage in different segment. This plan is equipped with high leverage facility and minimum brokerage.
Transaction | Charges |
Demat Account Opening Charges | Rs.0 |
Demat AMC | Rs.999 + Taxes (For Lifetime) |
Brokerage in Equities | 0.01% (In both Intraday & Delivery) |
Brokerage in Futures | Rs.9 per trade |
Brokerage in Options | Rs.9 per trade |
Brokerage in MCX | Rs.9 per trade |
Call & Trade Charges | Rs.20 per executed order |
Segment | Margin |
Delivery Margin (Cash) | 1x |
Intraday Margin (Cash) | 10x |
Intraday Margin (Futures/MCX) | 2x (MIS & Cover Order) |
Intraday Exposure (Options) | 2x |
3. Ultimate Plan:
This plan is specially designed for High Networth Individual (HNI). Ultimate plan offers highest leverage and lowest brokerage to premium clients. This plan is for the professional traders who needs high margin exposure in equity and future & Option segment.
Transaction | Charges |
Demat Account Opening Charges | Rs.0 |
Demat AMC | Rs.999 + taxes (For Lifetime) |
Brokerage in Equities | 0.02% (In both Intraday & Delivery) |
Brokerage in Futures | 0.005% |
Brokerage in Options | Rs.15 per lot |
Brokerage in MCX | 0.005% (In both Intraday & Delivery) |
Call & Trade Charges | Rs.20 per executed order |
Segment | Margin |
Delivery Margin (Cash) | 1x |
Intraday Margin (Cash) | 1x (Buy) & Upto 10x (Sell) |
Intraday Margin (Futures/MCX) | Upto 10x (In both MIS & Cover Order) |
Intraday Exposure (Options) | Upto 2x in selling (MIS) & Upto 2x in buying and selling (BO/CO). |
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 [email protected]
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 [email protected]
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.