Wisdom Capital Review – Margin, Brokerage Charges, Demat & More

About Wisdom Capital

Wisdom Capital is India’s one of the best online discount stockbroking firm, incorporated in the year 2013. It is a subsidiary brand of the Ashlar Group of Companies, established in the year 1996.  

The Company Managing Director of Wisdom Capital is Mr. Bharat Bansal. Mr. Deb Mukherjee and Mrs. Sudeshna Mukherjee are the directors of Wisdom Capital.

A company named Devswings was started in the year 2005 by Mrs. Sudeshna Mukherjee and Mr. Pralay Shankar Chakraborty a well known Businessman. 

In the later stage, the management decided to expand the business, so they formed a company named “Wisdom Capital Advisors Private Limited” in the year 2013.

This stockbroker is the best because it provides the highest leverage in all trading segments (equity, commodity, F&O, currency especially intraday trading). 

Being a discount broker provides the lowest brokerage trading but its leverage offering makes it different from others. This stockbroker not only provides the lowest commission to its consumers but also the trading platform is totally automated and computerized. 

Wisdom Capital plays a masterstroke by providing lifetime Zero Brokerage Freedom Plans (Equities, Futures, and Options at NSE/BSE and commodities at MCX/NCDEX). 

It has around 1100+ Franchisee in India and more than 15000+ satisfied customers.

Wisdom Capital has memberships with NSE, BSE, MCX-SX, MCX, and USE with which it allows its clients to trade across: Equity, Future Trading, Options Trading, Currency Trading, Commodity Trading, Depository Trading, Brokerage Calculator, Margin Calculator.

How To Open Demat Account In Wisdom Capital

This share broker company made the Demat account opening process very simple. There are 3 simple ways to do that:

(i) Online Demat Account Opening( Instant Paperless Demat Account)

Opening online trading and Demat account just in few minutes, no paperwork needed.  The process is totally automated via eKYC and Aadhaar. It is a hassle-free process no printing signing or sending the Physically papers to brokers.

Steps of Instant Account Opening:

• (a) Fill all your personal details (Full Name, Mobile Number, Email, PAN Number, DOB, and Adhaar Card Number).
• (b) You need to check and validate all your KYC details.
• (c) Proper bank account details must be mentioned along with IFSC CODE.
• (d) Upload scanned copy of required documents
• (e) Paying account opening fees online.
• (f) E-sign all your documents and forms using OTP verification.

The process gets completed in just a few minutes if you have all the information and scanned documents handy with you. As soon as you submit the online form if goes for manual verification. 

The account will be opened in the same working day if every document is ok and found genuine.

(ii) Offline Demat Account Opening (Visiting Wisdom Capital Branch offices)

If you are not comfortable in online Demat account opening, no need to worry. Just visit your nearest Wisdom Capital branch or offices in your city and complete the opening process. The discount stock broker has incredible reach over 15 branches across major cities.

(iii) Requesting Account Opening Forms.

If none of the above-mentioned options work for you, no need to worry just call Wisdom Capital customer Service and request for the account opening forms.

After receiving the form simply fill these forms, sign them, attached required documents and send it to Wisdom Capital office Address.

List of Documents Needed for Account Opening

Following documents are needed for opening a trading and Demat accounts:

• 1.   AADHAR Card
• 2.  PAN CARD
• 3.  Address Proof
• 4.  Latest 6 month Bank Statement with IFSC and MICR code
• 5.  Canceled bank cheque
• 6.  Latest Passport photo.

If in case you want to have special trading in derivative segments then additional documents are needed.

Checking Account Opening Status

After submitting the trading account opening application to any broker (online or offline), it basically takes 2 working days to open an account. 

You can check your application status online via the same Demat account opening website of Wisdom Capital. If you still need any assistance then just call customer services to resolve your query.

Account Opening PDF Forms

Majority of peoples opt online share market account opening. It is preferred because is it a fast, paperless, error-free, and much more convenient way to open an account.

If anyone finds it difficult to open an account online due to any technological glitch. Then the other option is simply to download the PDF forms from the website, fill and submit it.

Wisdom Capital Demat Account Opening Charges

For opening a Wisdom Capital account you need to pay account opening charges and Annual Maintenance Charges (AMC). However, The transaction fees for opening a trading account and a Demat account is totally free of cost and the trading and Demat AMC charges are nominal as mentioned below.

Wisdom Capital Products and Services

Products : 

• Demat Account 
• Trading Account
• Brokerage Calculator
• Margin Calculator
• Mutual Funds 
• Call & Trade

Services:

• Future Trading
• Option Trading
• Currency Trading
• Commodity Trading
• Depository Services
• Stock Research Reports
• Customer Support
• Online webinar

Wisdom Capital Membership Details

Wisdom Capital Charges And Prices

Wisdom Capital Brokerage Charges

Being a discount Broker Wisdom Capital charges commission/brokerage from its customers when buying or selling stocks. 

The brokerage charges for Equity, Commodity, and Currency derivative trading based on different plans of Wisdom capital. 

There are mainly four plans namely Freedom plan, Pro Plan, Ultimate Plan and for other brokers. The charges are different for every plan. The charges are mentioned below.

Basic Plan

Wisdom Capital Different Account Types and Brokerage plan 

Wisdom Capital offers 3 different plans to suit your trading needs:

(i) Freedom Plan

This Wisdom Capital trading plan offers to trade in all segments at BSE, NSE, and MCX for zero brokerage. This plan doesn’t offer any or very little margin/exposure. The plan offers margin/exposure as below:

• Intraday Margin In NSE Cash: Up to 5X MIS
• Intraday Margin In NSE Futures (MIS): 1X
• Intraday Exposure In NSE Options: 1X
• Intraday Leverage In MCX (MIS): 1X
• Delivery Margin In NSE Cash(BTST): 1X

(ii) Pro Plan

This trading plan is designed for professional traders who need higher intraday exposures or margins and advance trading tools. The brokerage charged in the plan is Rs 9 per trade for NSE futures & options, currency & Commodity Trading at MCX. 

For equity cash intraday & for delivery trading 0.005% being charged as brokerages. The plan offers margin/exposure as below:

• Intraday Margin In NSE Cash: Up to 40 X MIS
• Intraday Margin In NSE Futures (MIS): 6X MIS & Up to 20X BO/CO
• Intraday Exposure In NSE Options: 1X Buy & 6X Sell
• Intraday Leverage In MCX (MIS): 6X MIS & Up to 7X in BO/CO
• Delivery Margin In NSE Cash(BTST): Up to 2X

(iii) Ultimate Plan

The ultimate Plan is designed for high-frequency traders who need the highest intraday exposures or margins in intraday & delivery trades. 

The brokerage charged is Rs 15 per lot in options, 0.005% NSE futures, currency & Commodity Trading at MCX. For equity cash intraday and delivery trading 0.007% being charged.

• Intraday Margin In NSE Cash: Up to 60X MIS
• Intraday Margin In NSE Futures (MIS): Up to 15X MIS & Up to 20X BO/CO
• Intraday Exposure In NSE Options: 1X Buy & Up to 15X Sell
• Intraday Leverage In MCX (MIS): Up to 10X MIS & Up to 14X BO/CO
• Delivery Margin In NSE Cash(BTST): Up to 4x

(iv) Other Brokers

This Plan charges Rs 500 to Rs 1000 as account opening fees with one-year validity. The brokerage charged in this plan is Rs 20/trade to 2.00% for Intraday and delivery on Brokerage in NSE Equities, Rs 20/trade to 2.00% for NSE Future and Options, Rs 20/trade to 2.00% for MCX.

• Intraday Margin In NSE Cash: 5X to 10X
• Intraday Margin In NSE Futures (MIS) and CO/BO: 2X to 4X
• Intraday Exposure In NSE Options: No Exposure
• Intraday Leverage In MCX (MIS) and BO/CO: 2X to 4X
• Delivery Margin In NSE Cash(BTST): 2X to 4X

Wisdom Capital Transaction Charges (Exchange Turnover Charge)

The transaction charges are the combination of Exchange Turnover Charge and Trade Clearing Charge. This discount broker is one of the lowest charging companies in India

Wisdom Capital Margin/Leverage/Limit/Exposure

Wisdom Capital Exposure/Margin/Leverage/Limit intraday, delivery, options, currency, and commodities. Read Wisdom Capital exposure limit review.

You chose the Plan, Different on brokerage plan 

Wisdom Capital Trading Platforms

This broking company provides a huge range of trading platforms to its clients. The main positive side of this firm is that it offers the trading application for all platforms-

i.e. Desktop Based, Web-Based, and Mobile Based. Here are the details of different trading platforms licensed by Wisdom Capital:

1. NEST TRADER

The NEST is a trading platform licensed through NSE and specially designed for Laptop /Desktop users. It can be easily downloaded and installed without any hassle.  

At its backend, this trading terminal connects with a highly robust server which is very fast in fetching the latest data along with trading provision.

Let’s discuss a few main features of this terminal:

• It includes interactive charts with multiple indicators at an Intraday, comparative and historical level.
• The market watching feature is the most prominent one helping in order placement and Risk Management.
• Customized notifications and alerts as per end-user needs and suggestions.
• It provides hourly Statistics and heat maps for quick technical analysis and judgment.

NEST is one of the best mature trading platforms with tons of features, multiple setups for perfect technical and fundamental analysis.

2. BSE BOLT

The BSE BOLT is a trading Platform licensed by BSE and specially developed for Laptop/Desktop users. This trading software is very well maintained with regular updates and the usability and functionality are also very smooth and user-friendly.

Here are a few main features:

• Live reports with detailed information on highest gainers and losers, advances or declines in stock values with layouts for the last 52 weeks.
• Attractive features like Bulk deals block deals and margin trading.
• Analyzing market trends and price monitoring.

3. NSE NOW

It is also a trading platform licensed by NSE, but the only difference is that is a totally web-based application and it is feature loaded and responsive in nature. 

User doesn’t need to download or install the application but can use directly via a web browser. All you need to log in with your registered credentials to start trading with Wisdom Capital.

This application works on every web browser and can be accessed from anywhere be it like desktop mobile tablet or laptop.

4. NSE Mobile Application

Nowadays maximum users prefer to perform their trading activities via mobile application. This discount broker provides the facility of the NSE Mobile Application.  This application is developed and licensed by NSE itself.

The mobile app provides the following features:

• Various trading features and options are available.
• Multiple types of orders are allowed to clients.
• Interactive charts and multiple technical indicators and notifications are provided to the clients for fundamental and technical analysis
• Basic User Interface for easy understanding and usability.

Stats of the mobile application from Google Play Store:

Wisdom Capital Registered Office/Branches Address

 Wisdom Capital, A-38, Sector-67, Noida: 201301.    Delhi & NCR

Wisdom Capital Customer Ratings

Customer Care Service and Support

Customer Service Availability

Wisdom Capital comparison Another stockbroker competitors

Wisdom Capital is one of the best performing discount brokers of India. But there are many more competitors around like Sharekhan, 5paisa, Zerodha, SAMCO, etc. 

let’s compare each of them with Wisdom Capital in order to find which one is the best value for money from, a consumer point of view.

The table mentioned below holds all the services and its charges by top 5 stock brokers:

Wisdom Capital is one of the best performing discount brokers of India. But there are many more competitors around like Sharekhan, 5paisa, Zerodha, SAMCO, etc. 

let’s compare each of them to find out how Wisdom capital is the best amongst others with respect to Investment Options. The detailed tabled mentioning all Investment options:

                                     angel broking MasterTrust    Stoxkart 

• Equity Trading           Yes Yes           Yes Yes
• Currency Trading Yes Yes           Yes Yes
• Commodity Trading Yes Yes           Yes Yes
• Mutual Funds           No Yes             Yes No
• MF SIP                       No Yes             Yes No
• ETF Investment         Yes Yes               Yes Yes
• Banking                     No No                 No No
• Insurance                     No Yes                Yes No

Wisdom Capital Advantages and Disadvantages

Wisdom Capital Advantages

• Trading in market segments i.e. NSE Cash, F&O, Currency and MCX Commodities within a terminal.
• For trading at NSE, BSE, and MCX, unlimited monthly plans are available.
• For trading, it includes the website, installable trading terminals and mobile apps at zero cost.
• Zero brokerage charge.
• Trading Nifty with 3000, Crude with 3000 & Mega Gold with 9000 margins are allowed.
• They offer automated Algo trading.
• Very high exposure in all the segments, especially intra-day.
• Lowest brokerage charges with highly flexible plans.
• User-friendly options to choose from which help customers a lot.

Wisdom Capital Disadvantages

• Wisdom Capital doesn’t offer the facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS).
• Costly Algo trading charges at 550/pm
• Old trading platforms need reformation.
• Average Customer service
• Investment and trading products are limited.

Wisdom Capital Complaints received at BSE/NSE

Complaints against the Wisdom Capital share broker by the customers. The summary of the complaints went for resolution.

Wisdom Capital Sub Broker Commission or Revenue Sharing Model

The association with Wisdom Capital works on the chain of referrals that you create. There are a Direct Referral and an Indirect Partner, and Franchise (whom you have not directly referred), you will be paid a percentage of their brokerage each time they trade.

The company parts away with 25% of the Brokerage from the Direct referral and 25% from the Indirect referrals giving you ample quantum to bank your own trade on.

Earnings from Direct Referrals:

Earnings from Indirect Referrals: