Wisdom Capital Brokerage and Demat Account Review 2019

Rated 4/5 by Top Share Brokers Team
 Top Share Borkers Wisdom Capital Logo

Contact Wisdom Capital

Name 

 Phone 
Email   City 
State   

Wisdom Capital shines in its ability to personalize the broker-trader relationship. With price, execution and service mattering the most to hyperactive traders, Wisdom Capital is competitive in the first two (price & execution) and specializes in the third(service).

Wisdom Capital Brokerage and Demat Account Review - 2019

Wisdom Capital a discount brokerage firm, with its 250 franchisee network , supports broker assisted trade as well as automated online trading in all the segments across BSE and NSE.

Wisdom Capital offers heavily discounted trades with Free Demat & Trading account without any hidden charges.

Wisdom Capital has its client covered whether it is over toll free, phone, email or live chat. They provide three softwares (NOW,NEST & ODIN) for convenient and hassle free trading. Wisdom Capital also offers semi and fully automated algo trading facility. With them you can take high leverage upto 20 times in NSE & MCX Derivatives and 40x in cash. The Broker also offers precious metal futures trading and trade in almost all metals, agri and non-agri commodities too.

They also offers depository services to enjoy smooth trading experience. They support advance order type ( MIS, CO, SL, SL(M), BRACKET Order) .Client has to maintain only a Single Ledger for all segments i.e. Equities, Currencies & Commodities. They also offer courses through Wisdom Capital Trading School to train beginners to invest in financial market.

Why to choose Wisdom Capital as your stock broker?

  1. 100 day challenge to get brokerage refunded if you come out profitable at the end of 100 trading days.
  2. Lowest Transaction Charges, no minimum brokerage, no trading and demat account opening fee.
  3. Unlimited Leverage in all exchanges (upto 20X NSE & MCX Derivatives & 40x in cash)
  4. Low Brokerage plans ,single ledger for all segments, option to choose trading terminal of your like.
LikesAdvantages

Lowest transaction fee in the industry; fastest in account opening time; first ones to introduce lifetime plan; no minimum brokerage.

DislikesDisadvantages

No support to invest in IPOs, Mutual Fund and Bonds; charges for using semi-automated algo trading.

Exclusive OfferExclusive Offer

Wisdom Capital - Get Exclusive Offer Sign up now

Request call back from Wisdom Capital

What are the Investments Options available with Wisdom Capital?

Wisdom Capital - Equity Cash and F&O
Yes
Wisdom Capital - Currency F&O
Yes
Wisdom Capital - Commodity Trading
Yes
Wisdom Capital - Mutual Funds
No
Wisdom Capital - ETF
Yes
Wisdom Capital - Online IPO
No
Wisdom Capital - Bonds Investment
No
Wisdom Capital - Debt Investment
No
Wisdom Capital - Banking Service
No
Wisdom Capital - Insurance Service
No
Wisdom Capital - MF SIP Investment
No

How is Wisdom Capital with closest competitors?

Here we are comparing Wisdom Capital with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Wisdom Capital ICICIDirect Sharekhan Zerodha ProStocks
Service Type Discount Broker Full Service Broker Full Service Broker Discount Broker Discount Broker
Brokerage Rs 9 0.05 to .55% 0.1 to 0.5% Rs 20 Rs 15
Account Type 2 in 1 3 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating

Please refer unique and accurate Wisdom Capital Brokerage Calculator


Wisdom Capital Brokerage Plans Review - 2019

Brokerage and Commission Rated 4/5

    Wisdom Capital is one of the top discount broker in his plan offering. The diversified plan offering by wisdom capital is to cover and give service to each and every level of investor. Freedom plan is good for active investors where pro plan is good for professional investors.

    1. Trading account opening fee: Free
    2. Demat Account opening fee: Free
    3. Trading Account Maintenance Charges: Nil
    4. Demat Account Maintenance Charges: Rs 999 lifetime +taxes

    Wisdom Capital Pro Plan - Rs 9 flat-rate share trades is equal to SASOnline(Rs 9) & RK Global (Rs 9) and lower than its close competitors ProStocks (Rs 15), Zerodha (Rs 20),RKSV (Rs 20),Tradejini (Rs 20),My Value Trade(10 Rs),Trade Smart Online(20 Rs),Compositedge (18 Rs) plans.

    • Equity Future - Rs 9 Per Trade
    • Equity Options - Rs 9 Per Trade
    • Equity Delivery - .05%
    • Equity Intraday - .005%
    • Intraday Margin In Futures/MCX is 6X MIS & 20X in Cover Order, Intraday Exposure In Options is 1X Buy & 6X Sell,Intraday Margin In Cash is Upto 40 X MIS,Delivery Margin In Cash is Upto 5X

    Wisdom Capital Freedom plans:One time fees of Rs 1150, In this plan you can trade free for Futures & Options and equity segment in NSE,BSE.Commodity trading at MCX and NCDEX all segment is also free. This is zero brokerage plan.

    • Wisdom Capital charges Rs 0 for this plan.
    • Intraday Margin In Futures/MCX is 2X MIS & 10X in Cover Order, Intraday Exposure In Options is 1X,Intraday Margin In Cash is Upto 5X MIS,Delivery Margin In Cash is 1X

    Wisdon Capital Unlimited Plan: This plan is designed for traders who need higher eintraday exposer.

    • Equity Future - .005%
    • Equity Options - Rs 15 Per Lot
    • Equity Delivery - .05%
    • Equity Intraday - .005%
    • Intraday Margin In Futures/MCX is 10X MIS & 20X in Cover Order, Intraday Exposure In Options is 1X Buy & 10X Sell,Intraday Margin In Cash is Upto 40 X MIS,Delivery Margin In Cash is Upto 5X

Wisdom Capital Brokerage Charges - Flat Fee Rs 9 Plan (Pro Plan)

Brokerage Plan Flat Fee Rs 9 Plan (Pro Plan)
Flat Fee NA
Equity Delivery 0.05% or 5 paisa
Equity Intraday 0.01% or 1 paisa
Equity Futures Flat Fee Rs 9
Equity Options Flat Fee Rs 9
Currency Futures Flat Fee Rs 9
Currency Options Flat Fee Rs 9
Commodity Flat Fee Rs 9

For complete brokerage charges and trading plans detail please visit Wisdom Capital Brokerage Charges.

What are the various Product and Services offered by Wisdom Capital?

Product & Services Rated 4/5
Wisdom Capital - 3 in 1 Account
No
Wisdom Capital - Multiple Plans
Yes
Wisdom Capital - Monthly Plan
No
Wisdom Capital - Yearly Plan
No
Wisdom Capital - Portfolio
No
Wisdom Capital - Charting
Yes
Wisdom Capital - Automated Trading
Yes
Wisdom Capital - AMO Order
Yes
Wisdom Capital - Allow GTC Order
No
Wisdom Capital - SMS Alerts
Yes
Wisdom Capital - Margin Trade Funding
No
Combined Ledger for Equity and Commodity
Yes
Wisdom Capital - NRI Trading
No

How to Open Trading and Demat Account with Wisdom Capital?

For online trading with Wisdom Capital , investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with Wisdom Capital :

Contact Wisdom Capital

Name 

 Phone 
Email   City 
State   

What are the Customer Support options availabel with Wisdom Capital?

Customer Support Rated 3.5/5
Wisdom Capital - Phone Support
Yes
Wisdom Capital - Toll Free Number
No
Wisdom Capital - Email Support
Yes
Wisdom Capital - Branch Offices
No
Wisdom Capital - Live Chat
Yes
Wisdom Capital - 24/7 Support
No

What are the trading platform offered by Wisdom Capital?

Trading Platforms Rated 3.5/5

    Wisdom Capital supports web based, terminal based and mobile app based trading.Client can choose from Now or Nest for software trading at no extra cost. Using Nest, you can trade in all market segments i.e. NSE Cash, F&O, Currency and MCX Commodities with advance features like NEST Plus, Algo Plug-ins, MIS, CO, Live & EOD charts etc.
    Now is providing trading app for mobile. Brokerage calculator ,Margin Calculator,Free trading Tips, free wisdom live are some of the tools available for active traders to facilitate smooth trading.Wisdom Capital offers Semi & Fully Automated Algo Trading with association of Omnesys.Semi Automated Trading costing Rs. 550/pm & Fully Automated Algo costing Approx Rs.8000+/pm depending upon the strategies. They have launched a new software for charting which is called Wisdom Data.

    For detail review of mobile app and download please visit Wisdom Capital Trading Platform Review.

What are the Trading Platforms & Tools Options available with Wisdom Capital?

Wisdom Capital - Desktop Platform (Windows)
Yes
Wisdom Capital - Desktop Platform (Mac)
No
Wisdom Capital - Web Platform
Yes
Wisdom Capital - Stock Alerts via Email
No
Wisdom Capital - Stock Alerts via SMS
No
Wisdom Capital - Virtual Trading
No
Wisdom Capital - Watch-lists, streaming real-time quotes
Yes
Wisdom Capital - Mobile App
Yes
Wisdom Capital - Android Tablet App
Yes
Wisdom Capital - Android App
Yes
Wisdom Capital - iPhone App
Yes
Wisdom Capital - iPad App
Yes
Wisdom Capital - Mobile Trading Site
Yes

Wisdom Capital Membership Information

  1. Wisdom Capital NSE Membership:
    • Capital Market (CM) - INB231467334
    • Future & Options (F&O) - INF231467334
    • Currency Derivatives (CDS) - INE231484739
  2. Wisdom Capital BSE Membership:
    • Capital Market (CM) - INB011467330
    • Future & Options (F&O) - INF011467330
  3. Wisdom Capital MCX Membership:
    • NCDEX FMC Code: NCDEX/TM/CORP/1118
    • MCX FMC UMC Code: MCX/TM/CORP/2041
  4. Wisdom Capital Depository:
    • IN-DP-CDSL-699-2013 || CDSL DP ID - 12077700

Final thought about Wisdom Capital

Wisdom Capital is trader's paradise indeed. They have something to offers for all type of traders/Investors. With its highly competitive brokerage charges, support for every type of trader, up to date tools and technology, Wisdom Capital has quite the offering for investors who fit into its target mold.

If you like what you have read and want to open an trading and demat account with Wisdom Capital, leave your contact information with us and we will guide you.

Compare Wisdom Capital

Find out how Wisdom Capital stacks up against other brokers

Wisdom Capital User Reviews

avatar
10. vishal  May 3, 2019 7:35:05 PM IST Reply
The website shows 100% brokrage return
https://wisdomcapital.in/100-days-challenge/
But I am in profit and asking them refund they are saying its not valid now :(

avatar
9. Amit NAnda  Mar 26, 2019 4:01:27 PM IST Reply
Dear Support Team,

It was really a bad experience for me today when the company Squareoff all my position (in 100%) at 12:31 PM.

I purchased 390000 shares of Ashokleyland at Buying average rate of Rs 87.73

and Shares prices falls down continuously and reached below Rs 86.

Whenever share price falls by 5-10 paisa, I am getting reminders/popup of MTM Margin above 75% etc and I also received a call from Support team (around 12:20PM) in which I clearly instructed him - that I will square off my position before 3:20 today which is normal company practice.

My question is that: When I had clearly instructed to executive that I will clear it myself, then How can the company square off all my position at 12:27 PM (in between the day) by squaring off all my 100% position (390000 shares of Ashokleyland squareoff by HO). See the screenshot attached.

Due to it, I resulted to a loss of Rs 8.15 Lakh rupees.

After 12:30 PM, Share price.. reaches above Rs 86 many times and I will be in better position to square off my position. You can see the Share Share Price at 3:01 showing MTM Loss of Rs. 6.36 Lac, Share Price at 3:12 PM showing MTM loss of Rs. 5.58Lac, Share price at 3:15 PM showing MTM loss of 4.80 Lac, Share Price at 3:18PM showing MTM loss of Rs 4.61 lac, Share Price at 3:24PM showing MTM loss of Rs 4.41 lac, Share Price at 3:25PM showing MTM loss of Rs 4.22 lac, Share Price at 3:26PM showing MTM loss of Rs 4 lac).

It clearly shows that if I square off my position manually or company will auto-squareoff as per their standard timings, My actual loss was below Rs. 5 lac but due to company auto-squareoff at 12:30PM (between the day), I resulted to actual loss of Rs. 8.14 lac. Who will compensate this loss difference (Rs 8.14 Lac - Rs 5 Lac = Rs. 3.15 Lac in total)?

Also, If square off is really needed, then company can square off half of my position so that I will have half shares available with me to square off at better price and by doing so, company Margin percentage goes down below 50%.

It really hurts me a lot when all of my investment gone to "zero" because of company''s silly mistake.

I never forgive Ashlar / Wisom capital for this silly mistake and will highlight the issue with SEBI / Consumer Court / Social media.

Can you please give me any Justified reason for why company squareoff all my 100% position at 12:30 PM and not waited upto 3:20 PM (which is normal company squareoff time)?

Amit Nanda
Mb : 9872xxxxxxx
User/Customer ID : Wxxx

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
9.1. Vinay Jain  Mar 26, 2019 10:28:24 PM IST
Sir, I am very sorry to hear about your losses, but you should trade in such big trades with cover order or bracket order. In this complete details, you have not mentioned your margin information. Please chk the margin requirement document and make sure you had sufficient fund to hold such position before going to the next level. No broker can trust on your words if you don''t have sufficient margin.
avatar
8. Raj  Dec 27, 2018 1:27:16 PM IST Reply
There are 15 rupee lot brokerage and 9 trade excited wrost customer care support and wisdom capital is intended broker.they don''t have DP decision.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
7. Ashish  Dec 23, 2018 10:50:04 AM IST Reply
Please make trading website user friendly including web and mobile application. Refer zerodha trading platform for better understanding. Your Google review is not genenue because during the contact to your help desk of IT team they are forcefully suggesting us give 5 star ratting .

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Customer Service - Excellent
Overall Experience - Average
avatar
6. Disha  Mar 22, 2018 4:02:28 PM IST Reply
Best discount broker ever.....

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Above Average
avatar
5. ramesh  Jan 4, 2018 7:39:41 AM IST Reply
very good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
4. Bobby  Sep 3, 2017 4:53:26 PM IST Reply
Very poor trading platform, dosent have back testing facility, poor charts of nothing, dosent have auto trading facility, but still displays it provides fully automated trading facility, they need to upgrade lot in this competitive word

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Below Average
avatar
3. Pratik  Aug 11, 2017 6:11:50 PM IST Reply
Low Brokerage. & Provide T+5 Days for Delivery based Trading 5 times.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
2. Kashyap  Apr 22, 2017 8:02:29 AM IST Reply
Good Broker

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
1. bakshish  Apr 5, 2016 7:11:21 PM IST Reply
FOR AN HUF, how will u charge? Individual or Non Individual.

Enquire Wisdom Capital Trading Account:

Name 

 Phone 
Email   City 
State   






Search topsharebrokers.com:

Translate topsharebrokers.com: