Is Wisdom Capital a good discount broker in India?

Short Answer

While looking for a discount brokerage firm for my requirements(Long term investments, intraday investments, F&O investments), I came across Wisdom Capital Discount Broker in India.

Detailed Answer

I wonder if some of you have Wisdom Capital review and if you would have an opinion on Wisdom Capital Vs Zerodha or Upstox, ICICI Securities.

Wisdom Capital Review:

Here are a few things that I found with Wisdom Capital:

  • They support all the segments across BSE, NSE and MCX.-
  • That provides ability for you to trade Stocks, F&Os, Intraday, currencies and commodity.-
  • Wisdom Capital Trading and Demat Account Opening is Free. Lifetime Maintenance Charges are Rs.999 + taxes.-
  • Trading Delivery/ is free at freedom plans and is charged at Rs. 9 per trade or 0.05% in Pro Plan.
  • Pro Plans provide really high leverage for the user (sometimes of the order of 40X as compared to 5-10x of other brokers).

All in All, it seems like that Wisdom Capital broker is good for both normal stock market investor as well as Professional Traders. What do you think? Any reviews will be appreciated.

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Discussion (1)
    Wisdom Capital also seems to be a decent stock broker. But, I would definitely be inclined more towards Zerodha and 5paisa, if I have to refer someone. Not that, I am promoting them. It's just that after researching a lot, I analysed these two discount brokers 5paisa and Zerodha have done fairly well in the past few years. May it be their services, customer support or trading apps, all have improved massively. Don't you think so?
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