Wisdom Capital Review – Wisdom capital is an online discount brokerage company which was incorporated in the year 2013. It’s brokerage services ranges from stockbrokers, future and options broking, currency and commodities on NSE, BSE, MCX, and NCDEX.
Wisdom Capital Review
Wisdom Capital’s Trading Platforms
Clients are in a position to trade using wisdom capital in so many ways including:
NEST Trader – This is a trading terminal that is fully functional and allows the fast flow of orders which are subject to real-time monitoring. This terminal is available for all customers on a free basis. It’s one of the easy terminals to be used by the customers. Its capabilities are in that, it’s in position to trade all segments and the exchanges can be carried out in a single platform. Its services are available in the desktop, web and mobile app versions. All market segments trading can be carried out with this terminal including NSE Cash, F&O, Currency and MCX Commodities. This can be carried out by the NEST terminal which has advanced features. This includes NEST plus, Algo Plug-ins, MIS, CO, live and EOD charts.
Wisdom Capital Account Types
Wisdom Capital offers 3 different types of account plans to ensure that everyone is accommodated by their trading terminal and their needs are taken care of.
1. Freedom Plan
Trading is executed in all segments with this plan starting from BSE, NSE and MCX all provided at a zero brokerage charge. This plan also considers margin exposure to its customers as shown below :
- Delivery Margin In Cash – 1X
- Intraday Exposure In Options – 1X
- Intraday Margin In Futures/MCX – 2X MIS & 10X which is in Cover Order
- Intraday Margin In Cash – Up to 5X MIS
2. Pro Plan
This plan is basically designed for those professionals who have the interest to trade with Wisdom Capital and are in need of higher intraday exposure Margins and more advanced trading tools. The brokerage charges for this plan normally stand at Rs 9 per trade for those who use NSE features & options, currency and commodities trading, all at MCX. For those who have interest in intraday trade, the trading and delivery brokerage charges are 0.005% and 0.05% respectively. Its margin exposure is as shown below :
- Delivery Margin In Cash – Up to 5X
- Intraday Exposure In Options – Up to 40 X MIS
- Intraday Margin In Futures/MCX – 6X MIS and 20X which is in Cover Order
- Intraday Margin In Cash – 1X Buy and 6X Sell
3. Ultimate Plan
This plan is designed for those traders who have great trading frequencies and have dare need of highest intraday exposure or margins in intraday & delivery trades. The brokerage charges lies at Rs 15. This charge is only for every lot in an option,0.005% NSE future, currency & commodity trading MCX.Delivery and equity cash intraday trading brokerage charges 0.05% and 0.005% respectively. The margin exposure for this plan is as shown below.
- Delivery Margin In Cash – Up to 5X
- Intraday Exposure In Options – Up to 40 X MIS
- Intraday Margin In Futures/MCX – Up to 10X MIS & 20X which is in Cover Order
- Intraday Margin In Cash – 1X Buy and 10X Sell
Wisdom Capital Brokerage Charges
| Plans | Freedom plan | Pro plan | Ultimate plan |
| Account Opening | Free | Free | Free |
| Validity | Lifetime | Lifetime | Lifetime |
| Brokerage in form of FNO (NSE/MCX) | ZERO (0%) | 9/Trade | Future: 0.005 (NSE/MCX), Options : Rs. 15 per Lot |
| Brokerage in Cash | ZERO (0%) | 0.005% for Intraday & 0.05% for Delivery | 0.005% for intraday and 0.05% for Delivery |
| Intraday Margin In Futures/MCX | 2X MIS and 10X in the Cover Order | 6X MIS & 20X in the Cover Order | Up to 10X MIS & 20X in the Cover Order |
| Intraday Exposure In Options | 1X | 1X Buy and 6X Sell. | 1X Buy and Up to 10X Sell. |
| Intraday Margin In Cash | Up to 5X MIS | Up to 40 X MIS | Up to 40 X MIS |
| Delivery Margin In Cash | 1X | Up to 5X | Up to 5X |
| Call & Trade Charges | 20 for Executed Order | 20 for executed Order | 20 for Executed Order |
| Free Demat Opening | Yes | Yes | Yes |
| Demat Maintenance Cost | Lifetime 999 plus Taxes | Lifetime 999 and additional Taxes | Lifetime 999 plus Taxes |
| Trading Software Nest | Free | Free | Free |
Wisdom Capital Exposure Margin
Below is a representation of wisdom capital exposure limits which was recently reviewed. It represents Wisdom Capital leverages for intraday, delivery, options, currency and commodities. All the exposure Margins below are dependent on the brokerage plan used.
- Equity Delivery – 5x to 40x
- Equity Intraday – 5x to 40x
- Equity Future – 5x to 20x
- Equity Options – 5x to 40x
- Currency Future – 4x to 15x
- Currency Options – 4x to 15x
- Commodity Future – 5x to 20x
How to Open Demat Account with Wisdom Capital?
With wisdom capital, there are possibilities of individuals being in a position to open Demat account online as well as offline.
1. Open Wisdom Capital Demat Account Online
The online account opening is made simpler by the online submissions option of the required documents. You have to be a KYC registered member for you to have successful Demat account registration with Wisdom Capital. Below are the steps followed by individuals when opening an online wisdom capital Demat account.
- Send through email the scanned documents to the company’s email address given on the website
- Once the relationship manager (RM) has filled your form, you are mandated to consider validating the OTP.
- When the form needs no extra information in the filling, the document won’t take long to be verified.
- There is an OTP which will be sent to you through your mobile phone, validate it to ensure the E-sign is complete
2. Open Wisdom Capital Demat Account Offline
Steps to open Demat account:
- First of all, mail all the scanned copies of KYC documents to the broker. This should also include the DP-investor agreement.
- Once the broker gets the details, he will send the application form to your email to download.
- Now you can print out the form after you get it from the broker.
- Make sure you attach photo sized passport and input signatures where required.
- Send the form to the address which is mentioned in the form. Either on top and bold typed.
Wisdom Capital Pros and Cons
Wisdom Capital Advantages
- The broker, Wisdom capital allows trade in all market segments. that is NSE Cash, F&O, Currency and commodities MCX. This can be executed in a single trading terminal.
- There are unlimited monthly trading plans for NSE, BSE and MCX.
- They have installable trading terminals at no cost among other trading software such as websites and mobile app.
- They offer do not offer minimum brokerages.
- Traders are allowed to trade Nifty with 3000, with crude at 3000 and Mega gold with 9000 margins at a go.
- Semi and fully automated Algo trading are available with Wisdom Capital.
Wisdom Capital Disadvantages
They have no facilities for customers to invest with IPO, FPO, Mutual funds, NCDs and OFS. For semi-automated trading, the Algo trading is available with an extra fee charge-standing at ₹550, which is charged on a monthly basis.
Wisdom Capital Review – Conclusion
Here it was the Wisdom Capital Review with its features, platforms, apps, fees, plans & charges.
Let me know in comment section, if you have any questions.
