Wisdom Capital: Trading & Demat Account, Reviews, Charges: 2021

Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.

Wisdom Capital: An Overview

A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.

Wisdom Capital provides 3 different brokerage plans:

  1. Freedom Plan
  1. Pro Plan
  1. Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)

However, the biggest attraction is its Lifetime Zero Brokerage Freedom Plan that comes at a Monthly Fixed Fee ₹999 per month per segment.

Wisdom Capital doesn't focus much on its own Trading Software. Instead it gives access to some third party software. Some of the trdaing platforms are:

1. Nest Trader: A third party software, a popular trading terminal that can be easily installed on your system

2. BSE Bolt: Like Nest, this software is also maintained by a third party where you can trade in stocks listed

3. NSE Now: Another trading plaform from NSE

4. NSE Mobile App

5. Wisdom Pro

6. Wisdom Trade

7. Fox Trader

Merits of Wisdom Capital Discount Broker

  1. Its offers a low brokerage model and ranks well as one of the leading discount brokers in India.
  1. You get a flexbility to choose between different brokerage plans based on your needs.
  1. High exposure based on the brokerage plan you select.

Wisdom Capital Account Opening Process

Wisdom Capital gives you 3 ways to open a trading and demat account:

1. Online Account Opening- For this you need to mail the PAN card copy, AADHAR card copy, Income proof, cancelled cheque, and passport size photos. You can fill an online form and e-sign your documents.

2. Offline Account Opening - You need the above documents like PAN card copy, AADHAR card copy, Income proof, cancelled cheque , take printouts of forms, sign it and courier it to their given address.

3. Soft Copy via email - You can also ask the soft copy of blank forms that

Wisdom Capital Account Opening Charges:2021

ChargeAmount
Demat Account Opening Charges₹0
Trading Acc Opening Charges₹0
Trading Account AMC₹0
Demat Account AMC₹999 (Lifetime Account)

Wisdom Capital Account Brokerage Charges: 2021

Wisdom Capital :Ultimate Plan Brokerage Charges

ChargeAmount
Plan NameUltimate Plan
Equity Delivery0.007%
Equity Intraday0.007%
Equity Futures0.005%\t
Equity Options₹ 15/Lot
Currency Futures₹9 per executed order
Currency Options₹9 per executed order
Commodity Options0.005%
Mutual Fund

Wisdom Capital :Freedom Plan Brokerage Charges

ChargeAmount
Plan NameFreedom Plan
Equity Delivery₹0
Equity Intraday₹0
Equity Futures₹0
Equity Options₹0
Currency Futures₹0
Currency Options₹0
Commodity Options₹0
Mutual Fund

Wisdom Capital :Pro Plan Brokerage Charges

ChargeAmount
Plan NamePro Plan
Equity Delivery0.005%
Equity Intraday0.005%
Equity Futures₹9 per executed order
Equity Options₹9 per executed order
Currency Futures₹9 per executed order
Currency Options₹9 per executed order
Commodity Options₹9 per executed order
Mutual Fund

Wisdom Capital Equity Brokerage:2021

Trading SegmentEquity DeliveryEquity Interaday
BrokerageAs per Brokerage plan selectedAs per Brokerage plan selected
Securities Transaction Tax (STT)0.1% on both Buy and Sell0.025% on the Sell Side
Transaction / Turnover Charges0.0035%0.0035%
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState-wiseState-wise

Wisdom Capital Equity F&O Brokerage: 2021

ChargeEquity FuturesEquity Options
BrokerageAs per Brokerage plan selectedAs per Brokerage plan selected
Securities Transaction Tax (STT)0.01% on Sell Side0.05% on Sell Side(on Premium)
Transaction / Turnover Charges0.0028%0.06% (on premium)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState-wiseState-wise

Wisdom Capital Currency Trading

Wisdom Capital is a top-notch online trading company in India that has a record of good performance in the discount brokerage service for currency, commodities, futures and options, stocks on NSE, BSE, MCX and NCDEX. 

It also includes a wide range of services such as Trading Account, Depository Services, Intraday Account,

Wisdom Capital Currency F&O Brokerage: 2021

ChargeCurrency FuturesCurrency Options
BrokerageAs per Brokerage plan selectedAs per Brokerage plan selected
Securities Transaction Tax (STT)No STTNo STT
Transaction / Turnover Charges₹0₹0
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState-wiseState-wise

Wisdom Capital Commodity Trading

Wisdom Capital is an evolving discount stockbroker in India that has a record of good performance in the discount brokerage service for currency, commodities, futures and options, stocks on NSE, BSE, MCX and NCDEX. 

As per the Industry standards, the services offered via some of the best platforms and technologies include

Wisdom Capital Commodity F&O Brokerage: 2021

ChargeCommodity FuturesCommodity Options
Brokerage
Securities Transaction Tax (STT)0.01% on sell side (Non-Agri)0.05% on sell side
Transaction / Turnover Charges0.0025%0.0025%
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState-wiseState-wise
Ask your questions here

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.

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.

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