Is Wisdom Capital a good discount broker in India?

  • Asked By
  • Updated On:
    30-Jan-2021
  • Replies:
    2

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.

Tagged With: wisdom capitalwisdom capital review
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
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?

Related FAQs
Which is the best stock broker for beginners in India?

Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.

Is Upstox safe, good & reliable broker for stock trading & investment?

Yes, Upstox is safe, good and a very reliable stock broker for trading and long term investing. Being registered with SEBI, NSE, BSE, MCX and CDSL the stock broker has built a good reputation and a decent customer base over the years.

Is Finvasia free and what are its brokerage charges?

As claimed on the Finvasia website, their mission is to give traders and investors financial freedom from the brokerage. Offering zero brokerage fees, zero account setup fees, zero call & trade fees, and zero clearing fees, Finvasia claims that any overhead cost can be lowered when there is a high volume of clients.

Is Zerodha good for beginners?

Zerodha is the largest stockbroker in India which holds more than 19% of the total market share. It is good for beginners as the account and brokerage charges are low. It offers a great trading platform and has a simple-to-use UI. All these features make it a suitable choice for beginners as well as advanced traders and investors.

Which is best 5paisa vs Zerodha stock broker?

You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.

Is Finvasia Safe, Good & Reliable Stock Broker for Trading?

Finvasia is as safe and reliable as any other stock broker when it comes to stock trading and investing. It is a relatively new entrant in Indian market, but has established itself in different countries in the past. The activities of all brokers are regularly monitored by SEBI , the apex regulating authority thereby protecting the interest of investors.

What are Zerodha Alternatives? Best Discount Brokers in India

Look around and you will find plenty of discount brokers in India. A lot of stock broker options! The different alternatives to Zerodha include 5paisa, Samco, Upstox, Groww, Paytm Money, TradeSmartOnline, and Finvasia, etc. In fact, you can get a whole list of discount brokers offering their services in India.

Is Zerodha Safe and Reliable Stock Broker for Trading?

A quick answer to this: Yes, Zerodha is a safe and reliable stock broker for trading and long term investment. You might have heard and read so much about Zerodha, a leading and one of the best discount broker in India. It's just amazing to know about their huge customer base and fast growing company. **Do you ever feel that Is Zerodha safe and reliable stock broker for trading and long term investment?

Is Wisdom Capital Good, Safe & Reliable Broker for Stock Trading and Investing?

Yes, Wisdom Capital is good, safe, and reliable for all stock trading and investing options. However, weighing in on the lack of trading options and the unjustified charges imposed, it is a cause of worry. But other than this, the broker is reliable enough to execute a trade from the platform.

Angel Broking vs Zerodha Comparison: Which is better stock broker?

There are a number of stock brokers in India. Here we highlight two of the leading stock broking companies: Angel Broking vs Zerodha, a comparison to read.