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It is one of the discount stockbroking firms. Wisdom Capital calls itself a new version of online stock trading and has targeted a niche segment since its inception in 2013.
Noida based Wisdom Capital is a joint venture of Wisdom Capital and Ashlar Securities and established in 2016.
Wisdom Capital is dedicated to high technology and consistent innovation. It has set a standard among all the zero brokerage firms as it has created an exceptional concept of “Free Trade & Investment Zone” in India.
Wisdom Capital’s initiative of encouraging emerging traders and investors for trading in the stock market has taken this firm stand out between all the very old and experienced brokerage firms of India.
It has more than ten thousand happy and satisfied traders as customers.
It caters to a very vast range of services that covers Equity Trading in delivery and intraday both commodity futures, depository trading, wisdom data feed, wisdom trading school, financial planning services, mutual funds (Equity/hybrid/debt/ELSS), and insurance services.
Wisdom Capital Demat Account Opening Process
As it is specified in the introduction of the Wisdom Capital that this firm is highly dedicated to technology up-gradation and innovation, it has made it very simple to open the Demat account online.
One needs to enquire online, and the customer support contacts the trader back to assist the further process at every step.
KYC process of the Wisdom Capital remains intact like with almost all the brokerage firms because it is part of regulatory guidelines and followed accordingly.
Offline Demat Account Opening Procedure
- If the KYC is registered with KRA, it is very simple to complete the online account opening process.
- But if the KYC is not registered with KRA, an offline form can be requested online or can be collected offline from the office.
- Same after filling completely and signing along with KYC documents can be submitted to Wisdom Capital office for the account opening process.
Wisdom Capital Demat Account First Time Login Process
Wisdom Capital Demat Account Charges
Wisdom Capitals demat account gives an unbelievable experience to its traders because it has developed a concept of free trading zone in which just to encourage investment and trading into the market the firm has designed a “Freedom Plan”.
Along with the freedom plan for more regular and professional traders “Pro” and “Ultimate” plans have also been designed for better leverage and flawless trading experience.
Following are the features of all the three different plans:
|Trading Account Opening Charges (One Time)||₹0|
|Trading Annual Maintenance Charges AMC (Yearly Fee)||₹0|
|Demat Account Opening Charges (One Time)||₹0|
|Demat Account Annual Maintenance Charges AMC (Yearly Fee)||₹999 (Lifetime)|
Capital Pro Plan (Brokerage Plan)
|Equity Delivery||₹9 per order|
|Equity Intraday||₹9 per order|
|Equity Futures||₹9 per order|
|Equity Options||₹9 per order|
|Currency Futures||₹9 per order|
|Currency Options||₹9 per order|
|Commodity Futures||₹9 per order|
|Commodity Options||₹9 per order|
How Long Does It Take to Open Wisdom Capital Demat Account?
Account opening activity is very easy with Wisdom Capital as far as the online process is concerned because on successful KYC, it hardly takes 2 hours to get the Wisdom Capital Demat account’s activated and login credentials are updated via phone and email.
In case of the offline KYC process, it might take expectedly more time as sometimes the requested application form is delivered to registered address via courier and courier takes around one week in receiving and dispatching the same.
Once the form and desired documents received at the office account can be activated on the same day.
How to Transfer Shares from One Demat Account to Another Wisdom Capital
If you want to transfer shares from one account to another in Wisdom Capital, the whole process is quite simple.
For the transfer of shares, you need to fill the delivery instruction slip (DIS). You can receive the DIS booklet by mailing the request to the Wisdom Capital’s customer support team.
Make sure that while filling the DIS slip, all the information you have provided is correct and complete.
After filling the DIS slip, you have to mail the same to the Wisdom Capital’s registered office.
The successful transfer of shares will be completed in the next 48 hours. However, if you have any queries regarding the same, please contact the Wisdom Capital support team for support.
How to Close Wisdom Capital Demat Account?
To close the Wisdom Capital Demat account,you have to fill the account closure form. You can get this form by visiting one of the Wisdom Capital’s branches or contacting the Wisdom Capital support team.
Please note that Wisdom Capital does not provide account closure forms on its website directly, so you have to choose one of the two above-mentioned options only.
Also note that account closure is a permanent process and if you wish to trade again in the future, you will have to reopen your Wisdom Capital demat account.
In case you just wish to take a break from trading, you can just opt to deactivate your account instead of closing it permanently.
Please make sure that your demat account doesn’t have a negative balance. Clear all your pending dues before initiating the account closure process.
Also, transfer any holdings of your demat account to some other account or sell it before closing your demat account.
Following is the format of the form which needs to be filled and submitted to proceed for the process of closure:
Wisdom Capital Demat Pros & Cons
- Trading with Wisdom Capital gives the advantage of all the major segments of the market like NSE, F&O, Currency, and MCX, etc.
- Algo trading option is also available with semi and fully automatic features.
- There is no need for any minimum brokerage its completely free.
- There is facility of free software platform over website and mobile.
- Unlimited trading plan gives unmatchable freedom to the traders.
- Margin exposure of 3000 in nifty and crude oil and 9000 in gold is also a very good service feature.
- A trader can not avail few services at Wisdom Capital like FD’s NCD’s Mutual Funds investment in IPO and FPO and Offer for sale (OFS) which so many other brokerage firms offer in India.
- Semi-automatic Algo trading is chargeable at 550/month as an additional service fee.
- As per the reviews of the client’s website usability is also an average experience for traders and investors with Wisdom Capital.
Refer and Earn
Wisdom Capital gives a great opportunity to earn an extra income in terms of “refer and earn” where it is giving flat 25% on brokerage generated by the referred trader.
Transparency at Wisdom Capital is a big strength of their core process and to prove it they have provided a back-office login to all their customers so that they can track their income on a regular basis.
Following is the screenshot of login interface of back-office:
Wisdom Capital is undoubtedly one of the best zero brokerage firms and the features and service support system clarifies the visionary thought process of its founders and management team.
Freedom plan can attract more and more customers to Wisdom Capital and the pro and ultimate plan give an opportunity to stride over a professional and experienced trader level with big margin exposures to trade.
User-friendly trading platforms and website give an experience of satisfaction to its associate clients and a wide range of segments like NSE F&O Currency and commodity make it very easy for the traders and investors to switch from one segment to another one when a market trend is not favorable in any one segment.
Wisdom Demat Account FAQs
Q1. DEMAT Account definition?
A Demat account is a holding account for shares and securities which keeps them safe with custodians so that at any point in time they can be sold or transferred to other account.
Q2. How can I change my pricing plans?
This can be done within 24 hours by sending an email to [email protected] Please note, that you can change the freedom plan to pro and ultimate Plans. Converting PRO and Ultimate Plans to Freedom Plan is not possible.
Q3. Is Freedom Plan charged in anyway?
As its name says freedom plan gives the complete freedom of trading for a lifetime.
Q4. Is it flexible to change the plan?
Yes, it’s completely flexible to change the plans, at any point in time a trader or investor can change the existing plan to another one. Freedom Plan, Pro and ultimate are all flexible to switch between each other
Q5. How to check brokerage charges?
Charges and taxes can very easily be calculated with the help of Wisdom capital’s brokerage calculator.
Wisdom capital Alternative:
|Broker Name||Rating||A/c Opening Charges||Application|
|A >>⭐⭐⭐||Rs.0 Free|
|A ++⭐⭐⭐||Rs.0 Free|