Wisdom Capital: Trading & Demat Account, Reviews, Charges: 2024
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:
- Freedom Plan
- Pro Plan
- 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
- Its offers a low brokerage model and ranks well as one of the leading discount brokers in India.
- You get a flexbility to choose between different brokerage plans based on your needs.
- 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: 2024
| Charge | Amount |
|---|---|
| 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: 2024
Wisdom Capital :Ultimate Plan Brokerage Charges
| Charge | Amount |
|---|---|
| Plan Name | Ultimate Plan |
| Equity Delivery | 0.007% |
| Equity Intraday | 0.007% |
| Equity Futures | 0.005%\t |
| Equity Options | ₹ 15/Lot |
| Currency Futures | ₹9 per executed order |
| Currency Options | ₹9 per executed order |
| Commodity Options | 0.005% |
| Mutual Fund |
Wisdom Capital :Freedom Plan Brokerage Charges
| Charge | Amount |
|---|---|
| Plan Name | Freedom 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
| Charge | Amount |
|---|---|
| Plan Name | Pro Plan |
| Equity Delivery | 0.005% |
| Equity Intraday | 0.005% |
| 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:2024
| Trading Segment | Equity Delivery | Equity Interaday |
|---|---|---|
| Brokerage | As per Brokerage plan selected | As per Brokerage plan selected |
| Securities Transaction Tax (STT) | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction / Turnover Charges | 0.0035% | 0.0035% |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-wise |
Wisdom Capital Equity F&O Brokerage: 2024
| Charge | Equity Futures | Equity Options |
|---|---|---|
| Brokerage | As per Brokerage plan selected | As per Brokerage plan selected |
| Securities Transaction Tax (STT) | 0.01% on Sell Side | 0.05% on Sell Side(on Premium) |
| Transaction / Turnover Charges | 0.0028% | 0.06% (on premium) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-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: 2024
| Charge | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | As per Brokerage plan selected | As per Brokerage plan selected |
| Securities Transaction Tax (STT) | No STT | No STT |
| Transaction / Turnover Charges | ₹0 | ₹0 |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-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: 2024
| Charge | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | ||
| Securities Transaction Tax (STT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side |
| Transaction / Turnover Charges | 0.0025% | 0.0025% |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-wise |