Wisdom Capital Review 2019

Rated 4/5 by Top Share Brokers Team
Wisdom Capital Review

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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.

Review Summary

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).


Benefits

  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.

Considerations

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

Here we are comparing Wisdom Capital with its 5 close competitors on investment options.

Broker Wisdom Capital Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds No Yes Yes Yes No
MF SIP No Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

Wisdom Capital Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4/5

Wisdom Capital Account Opening Charges

      »»  Trading Account Opening Charges: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 999 Life time AMC

Wisdom Capital Brokerage

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

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

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 Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 9 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.05% or 5 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 9 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 9 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 9 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Fee Rs 9 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 9 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Wisdom Capital Brokerage Calculator


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 :

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Wisdom Capital Trading Platform and Tools

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.

Wisdom Capital Trading Platform Compare

Here we are comparing Wisdom Capital with its 5 close competitors on Trading Platform.

Broker Wisdom Capital Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

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.


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Wisdom Capital User Reviews

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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.

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