Wisdom Capital Review 2024, Brokerage Charges, Demat A/C & Platforms

Last updated on: January 10, 2024

Wisdom Capital is a well-known discount broker offering customer-centric trading and investment solutions for a smooth trading experience. They incorporated in the year 2013 offering different investing options, including, Equity, Future & Options, Currency and Commodities and Mutual funds across BSE, NSE, MCX & NCDEX. Check this detailed Wisdom Capital Review to know everything about it like Brokerage charges, Trading platforms, Demat Account, Margins, offers and more.

They are famous for their low brokerage charges and have earned various acknowledgements as the best online discount broker. Wisdom Capital had the first mover advantage by launching the “Free Trade & Investment Zone” and surfed across the capital markets in ways no one had predicted. So, in this article, we will discuss the Wisdom Capital review and understand its performance in the industry.

wisdom capital review 2020

Products & Services offered

Here is the list of trading services by Wisdom Capital:

  •         Equity (Stock) Trading
  •         Derivative Trading
  •         Commodity Futures
  •         Depository Trading
  •         Wisdom Data Feed
  •         Wisdom Trading School
  •         Financial Planning Services
  •         Mutual Funds
  •         Insurance

 Customer Ratings

Criteria Ratings
Research & Advisory 4.00 / 10
Brokerage Charges & Fees 8.5 / 10
Products & Services 6.10 / 10
Trading Platform 6.5 / 10
Broking Experience 6.15 / 10
Overall Rating 6. 25 / 10
Customer Rating 3.5 / 5

 Key Strengths of Wisdom Capital

  •         Offers a wide array of products & services across BSE, NSE, MCX & NCDEX.
  •         Quick and free account opening with a 100% digital process.
  •         User-friendly interface for both experienced and novice investors.
  •         Leverage is offered throughout all trading segments, notably intraday trading.
  •         They provide regular market notifications, ongoing trends, the latest news, etc. to their customers to keep them up to date.
  •         Wisdom Trading School provides a form of crash course for those who are new in the trading profession to ensure that they are equipped with the proper knowledge and resources to excel in trading in the share market.

Account Opening Process

For opening an account with Wisdom Capital, you have both options- Online as well as Offline.

Offline Process

You need to visit their website- https://wisdomcapital.in/. Then download the account opening forms (KYC) form from the download section. Take the printout and attach the supporting documents, and courier/post all of them to their Noida office. You need to attach your passport-size photo to the application form and sign across it.

Online Process

  •         Scan copies of your Aadhar card, pan card, and cancelled cheque and send them to [email protected].
  •         After obtaining the documents, the form will be emailed to you, where you can print it and fill out the relevant information, including a photograph and a self-attested photocopy of the required documents.  
  •         After filling out the form, courier it to “Wisdom Capital, A-38, Sector-67, Noida:201301”. 

You can also connect with their sales team on Toll-Free No 1800-123-9343. They will explain you all the process and within 24 hours of verification, your account will be opened.

Documents Required for Wisdom Capital New Account

For an Account Opening with Wisdom Capital following documents are required:

  •         PAN Copy
  •         Address Proof
  •         Bank Statement
  •         Income Proof (Only if you do the activation of Derivatives)

Wisdom Capital Trading Platforms/ Apps

S.No Platforms/Apps Platform Type
1. Wisdom Neo App-based
2. Wisdom Trade Browser-based
3. XTS Trader Desktop-based
4. FOX trader Desktop-based
5. Quant Power Algo trading

 

1.   Wisdom Neo:

A highly-advanced mobile app with innovative features to trade stocks, manage watchlists and portfolios and do research. They offer a user-friendly interface and allow you to trade in equity, derivatives and commodities. They have advanced indicators and an intense watchlist to research and observe the best stocks. They also provide extensive charting options and indicators like Bollinger bands, Points, Japanese Candlestick and much more.

App Store rating: 1.00/5

Google Playstore rating: 3.3/5

 2.   Wisdom Trade:

It is a browser-based trading platform that can be assessed by visiting www.neo.wisdomcapital.in. They have various features like a customizable trading screen, more than 100 indicators, live scanner analytics, various charting options, watchlists scanners and different order placement options like bracket order, cover order, SL, SL-Market/Limit, etc.

 3.   XTS Trader:

It is specially designed for PC users. A trader only needs to download the software, follow the installation instructions, and start trading within a few minutes. It is high-performance software where you can create multiple watchlists and place orders without any delays or glitches. They also have a proactive risk management system to minimize the risk of trades and scanners and tools to make your trading experience smoother.

 4.   FOX Trader:

It is a desktop terminal that has all of the tools that any modern trader needs. It includes advanced features like multiple scanners with roughly 200+ conditions/signals and 300+ studies to interpret and analyse previous data, faster execution of trades, semi-automatic order book feature, redefined charts, easy testing of strategies and much more.

 5.   Quant Power:

It is a game-changing trading platform that includes world-class trading tools such as the Strategy Builder, Advanced Option Chain, Backtesting, and Algo Trading. It enables traders to make smart, rule-based trades while remaining profitable.

Wisdom Capital Review on Brokerage Charges and Plans

There are two types of plans offered by wisdom capital:

  •         Pro Plan- This plan is aimed at professionals aiming for better intraday margins in order to maximise profits.
  •         Freedom Plan- It is the company’s most basic package. Although not all of the features are included, the plan does include the bare minimum of trading opportunities. However, the brokerage fees may be a little hefty when compared to others.
  Freedom Pro
Account Opening Free Free
Validity Lifetime Lifetime
Brokerage Rs. 999/Month 0.01% in Equity & Rs. 9 per Executed Order in F&O
Intraday Margin (BO/MIS/CO) Upto 5X in Equity Upto 5X in Equity
Offline Trading Charges Rs. 20/- Order + GST Rs. 20/- Order + GST
Free Demat Opening Yes Yes
Demat Maintenance Cost Lifetime Free with a one-time charge of Rs. 999+ GST Lifetime Free with a one-time charge of Rs. 999+ GST
Trading Software Wisdom Neo, Wisdom API, XTS EXE, Wisdom Trade, and QuantPower Wisdom Neo, XTS EXE, Wisdom Trade and QuantPower

 

Wisdom Capital Brokerage Charges

Segments Charges
Equity Delivery 0.01%
Equity Intraday 0.01%
Future & Options Rs. 9/Executed Order or 999/Month
Commodity Rs. 9/Executed Order or 999/Month
Currency Rs. 9/Executed Order or 999/Month

 

In addition to the brokerage fee, the following costs are also levied:

  •         Turnover/Transaction Charges
  •         Security Transaction Tax (STT)
  •         SEBI Fees
  •         Stamp Duty
  •         GST

Advantages & Disadvantages of Wisdom Capital

Advantages

  •         Quick fund transfers via UPI, online banking, and other payment methods ensure smooth transactions.
  •         Two-factor authentication to protect and safeguard your investments.
  •         Excellent Wisdom capital leverage across all segments.
  •         Hassle-free and quick account opening process.
  •         Have a more than 25000 client base and is present in over 500+ cities in India.
  •         They also have Refer & Earn program, where you can earn by referring fellow traders.

Disadvantages

  •         No option to invest in IPOs and US stocks.
  •         Have complaints regarding unsatisfied customer service.

 

Wisdom Capital Margins

Margin in stockbroking is quite effective since it raises trade volume. Wisdom Capital’s margin, like that of other stockbrokers, does not remain stable; instead, it is depending on many factors that are highlighted in the trading details. Here are the margins provided for different segments:

Segment Margins
Intraday 5 times to 40 times depending on the Brokerage Plan
Equity Futures 5 times to 20 times depending on the Brokerage Plan
Equity Options 5 times to 40 times depending on the Brokerage Plan
Delivery 5 times to 40 times depending on the Brokerage Plan
Currency Future 4 times to 15 times depending on the Brokerage Plan
Currency Options 4 times to 15 times depending on the Brokerage Plan
Commodities 5 times to 20 times depending on the Brokerage Plan


Conclusion – Wisdom Capital Review
Wisdom Capital is unquestionably one of the leading discount brokers in India offering various products and services. They are assisting a new generation of traders while providing innovative trading tools and software. They are on a path of constant growth while following the principles of transparency, integrity, client satisfaction and efficiency. They also provide outstanding tools and platforms for both new and experienced investors, and they are excelling in this competitive business.

FAQs About Wisdom Capital Review:

  1. What are the benefits of WISDOM CAPITAL?

  • Affordable Trading:

With discount brokerage rates that enable traders to optimize their profits, Wisdom Capital stands out for its affordable trading solutions. Users who prioritize affordability can participate in various trade activities without excessive costs.

  • Enhanced Trading Interfaces:

With Wisdom Capital’s cutting-edge and intuitive platforms, trade with ease. To provide a seamless and practical trading experience, the broker offers state-of-the-art technical tools and platforms suitable for inexperienced and seasoned traders.

  • Consolidated Analytics and Research:

With the extensive research and analytics tools offered by Wisdom Capital, stay ahead of the competition. Access to up-to-date market data, comprehensive research, and insightful information empowers users to make well-informed decisions and effectively traverse the intricate workings of the financial markets.

  • Open and Trustworthy Services:

In the financial industry, trust is essential, and Wisdom Capital provides transparent and reliable services. Transparency in price structures and dependable transaction execution are only two examples of how the platform places a high value on honesty and builds user confidence.

  • Customizable Investing Plans:

Wisdom Capital allows consumers to customize their trading tactics and investing plans. Users can tailor their trading techniques to meet their financial objectives, whether focused on day trading, long-term investment, or derivatives trading.

 

Wisdom Capital offers a comprehensive and profitable trading experience by fusing affordability, technology, research, transparency, and customization.

  1. What are the charges for Options trading at WISDOM CAPITAL?

Wisdom Capital provides reasonable fees for trading options in the Future & Options, Currency, and Commodities divisions. Traders can execute orders at a minimal fee of ₹9 per order or subscribe for ₹999 per month. This price structure offers affordable solutions for traders participating in various trading activities inside these markets.

Wisdom Capital wants to enable investors with a clear and transparent fee structure to actively engage in the exciting world of options trading without going over budget. The company places a strong emphasis on affordability and accessibility.

  1. What documents does WISDOM CAPITAL require?

One of the top priorities for consumers of the well-known online brokerage platform Wisdom Capital is a smooth onboarding procedure. People wishing to register an account must provide Wisdom Capital with a particular set of papers to guarantee a comprehensive verification and authentication process.

  • Proof of Identity (POI): One essential prerequisite is a legitimate Proof of Identity (POI). Users may present a legitimate government-issued picture ID, such as a driver’s license, passport, or Aadhar card.
  • Proof of Address (POA): A document attesting to the user’s residence address is essential. Bank statements, utility bills, or any other government document showing the user’s address is acceptable documentation for the Proof of Address (POA) process.
  • PAN Card: A distinct identity and a necessity for financial activities still require the PAN card.
  • Passport-Sized Photo: Wisdom Capital has added another need to the list: a current passport-sized picture is needed to create an account. This picture strengthens the account’s overall security and guarantees visual identification.

 

Users can speed up the account opening process by following these paperwork requirements while abiding by regulatory standards. Wisdom Capital’s documentation checklist includes a passport-sized photo demonstrating the company’s dedication to a transparent and safe customer experience.

If there are any revisions or modifications to the document submission procedure, prospective users should consult the official documentation of the platform.

  1. Is WISDOM CAPITAL a discount broker?

In the financial sector, WISDOM CAPITAL functions as a discount broker. Compared to typical full-service brokers, it charges reduced commission costs as a discount broker, making trading services more affordable.

WISDOM CAPITAL is a desirable choice for those looking to save transaction costs since it offers a platform that enables investors to conduct transactions at a lower cost. Discount brokers serve clients who value independence and cost-effectiveness in their investing plans, even though they often provide fewer advisory services than their full-service counterparts.

The emphasis on affordability of WISDOM CAPITAL is consistent with the features of a discount brokerage strategy.

  1. What is the annual maintenance fee of the WISDOM CAPITAL Demat account?

A WISDOM CAPITAL Demat account has an annual maintenance cost depending on the plan selected. There aren’t any upkeep fees for trading accounts. However, customers can pay a one-time fee of ₹999 + GST to receive lifetime free monthly maintenance.

Alternatively, they can continue receiving services for ₹300 + GST annually by paying an annual maintenance charge. It gives consumers a range of solutions to fit their needs and budget for easy and affordable trading.

  1. What are the account opening charges at WISDOM CAPITAL?

Creating an account at WISDOM CAPITAL is free for clients selecting the PRO or Ultimate Plan. On the other hand, creating a demat account costs ₹999 + GST for people who choose the Freedom Plan. The PRO or Ultimate Plan is cost-effective for customers seeking a simplified account creation process because it waives fees.

For clients with varying requirements and preferences, the Freedom Plan offers transparency and flexibility for a minimal price of ₹999 + GST.

  1. How long does it take to withdraw money from WISDOM CAPITAL?

Your reliable online trading partner, Wisdom Capital, emphasizes easy fund administration and provides a range of withdrawal choices to accommodate your budgetary requirements. Wisdom Capital guarantees a hassle-free withdrawal process for consumers by partnering with 18 banks. The platform is a cost-effective option for investors because it only charges a minimal fee of Rs. 10 for each transaction, plus GST.

  • Withdrawal Options:

Wisdom Capital offers a variety of withdrawal channels so that customers may select the one that works best for them. The platform allows for UPI transactions, and the good news is that there is no fee for UPI withdrawals. This function enhances the withdrawal process’s efficiency and ease while keeping up with the most recent developments in digital payments.

Users of Wisdom Capital can make withdrawals using conventional banking channels in addition to UPI. The platform accommodates customers who want or prefer these alternatives by supporting RTGS, NEFT, and IMPS. The wide variety of withdrawal choices available to users highlights Wisdom Capital’s dedication to offering accessibility and flexibility.

  • Transaction Speed:

Wisdom Capital acknowledges that investors consider the speed at which they can withdraw funds as one of the most critical factors. The platform strives to deliver quick withdrawal experiences by enabling online trading with several banks and providing a variety of transaction choices. Although the precise time frame may vary based on the selected method and the user’s bank, Wisdom Capital ensures a quick movement, guaranteeing that consumers can receive their money promptly.

  1. How to open your account with WISDOM CAPITAL?

Wisdom Capital offers three different ways to give flexibility when opening a trading account, all of which are simple.

  • Online Account Opening:

If you have already registered with KRA, start your account right now. After completing the E-sign process, your account will be available for trading in two hours.

  • Offline Account Opening

Wisdom Capital offers the option for offline account opening for individuals who would like to take a more conventional approach. Follow the instructions for a simple introduction to commodities and share trading.

  • Get a Soft Copy by Email

To obtain a soft copy of the required forms, email [email protected]. Print the forms, sign and attach your photo where necessary, send the completed forms to the address provided, and attach self-attested photocopies of the papers.

  • Request a Courier

Email your address and contact information to [email protected], and we will expeditiously send the necessary forms by courier. Select the approach most closely matches your interests to ensure a simple account opening process.

  1. Can we trade commodities on WISDOM CAPITAL?

Indeed, WISDOM CAPITAL allows you to trade commodities. A wide variety of trading alternatives, such as equity, F&O, currency, and commodities, are available on the platform.

Trading supports significant exchanges such as the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange (MCX), and National Commodity and Derivatives Exchange (NCDEX).

Users of the WISDOM CAPITAL platform may trade commodities and other financial instruments thanks to this broad range of offers, which makes for a well-rounded trading experience.

  1. Is WISDOM CAPITAL registered with SEBI?

Indeed, Wisdom Capital has a Securities and Exchange Board of India registration (SEBI). By registering, the business guarantees compliance with SEBI’s regulatory framework, which is necessary for offering financial services in the Indian stock market.

Since SEBI registration is essential for financial organizations to operate in the securities market, investors may feel confident of Wisdom Capital’s legality and compliance with regulatory norms. It displays the business’s dedication to openness, honesty, and legal compliance when providing its services to Indian investors.

  1. Is WISDOM CAPITAL a good app?

Pros:

  • Low Brokerage Fees: Wisdom Capital distinguishes itself with its reasonable and inexpensive brokerage fees, enabling traders to optimize profits without incurring substantial losses.
  • Advanced Trading Platforms: This platform provides users with powerful and intuitive trading programs that quickly analyze markets and execute transactions.
  • Customizable Margin Rules: Wisdom Capital offers traders customizable margin rules that enable them to maximize their capital consumption and increase their trading capacity.
  • Educational Tools: The platform offers instructional resources, including webinars and tutorials, to assist novice and experienced traders, fostering a friendly learning environment.

Cons:

  • Limited Research and Analysis: Some traders may be left wanting more in-depth market insights if Wisdom Capital cannot provide them with instruments for thorough research and analysis.
  • Customer Service Issues: Several customers have voiced issues with the response of the customer service department, suggesting that addressing these issues might improve the user experience as a whole.
  • Limited Investment Options: Investors looking for a wide variety of assets may find the platform’s restrictions on the types of investments available to them unsatisfactory.
  1. What are the brokerage charges at WISDOM CAPITAL?

With various programs to accommodate trading demands, Wisdom Capital stands out in the financial environment with its distinctive and customer-friendly brokerage costs.

  • Account Opening
  • Freedom: Take advantage of lifelong validity and free account opening.
  • Pro: Similarly, enjoy the simplicity of a lifetime validity-free account start.
  • Brokerage
  • Freedom: Select a ₹999 fixed monthly brokerage.
  • Pro: Adopt a percentage-based strategy where equity is 0.01%* and F&O is ₹9 per executed order.
  • MIS/BO/CO Intraday Margin

For increased trading freedom, both the Freedom and Pro plans allow up to 5X leverage in equity.

  • Fees for Offline Trading

The Freedom and Pro plans include an ordinary charge for offline trading of Rs. 20 per order + GST.

  • Demat Opening

Both the Freedom and Pro programs ease a free Demat account initiation.

  • Cost of Demat Maintenance

Benefit from lifetime free Demat maintenance, with both options requiring a one-time payment of ₹999 + GST.

  • Software for Trading

Enter the world of trading with easy-to-use tools, including QuantPower, Wisdom Neo, Wisdom Trade, XTS EXE, and Wisdom Neo, offered under the Freedom and Pro subscriptions. But only the Pro gets the Wisdom API.

  1. Is trading free with WISDOM CAPITAL?

No, using WISDOM CAPITAL for trading is not free. Even if their brokerage plans are affordable and competitive, they could impose some transaction fees. It is critical to examine their fee schedule, which usually consists of costs for intraday trading, futures and options, equities delivery, and other services.

To fully grasp the financial ramifications of using WISDOM CAPITAL’s platform for trading operations, traders should closely review the terms and conditions provided. To make well-informed selections about your trading expenditures, always keep up to speed on any revisions or modifications to their fee structure.

  1. Does WISDOM CAPITAL only offer free brokerage?

  • No Brokerage Fees

Wisdom Capital offers free trading since it is the only platform to provide a no-brokerage model, which enables users to optimize profits without paying customary commissions.

  • Advanced Trading Systems

With cutting-edge systems that accommodate both novice and experienced traders, you may enhance your trading experience. For straightforward transactions, Wisdom Capital provides user-friendly and intuitive interfaces.

  • Vast Selection Of Products

You may quickly diversify your portfolio by accessing various financial products. Trade on a single platform for stocks, futures, commodities, and more.

  • Cutting-Edge Technology

Wisdom Capital’s dedication to technical brilliance will help you stay on top of trends. Use rapid execution, sophisticated charting tools, and real-time market data to make well-informed decisions.

  • Research and Analytics

Use in-depth research and analytics tools to make well-informed investing decisions. Wisdom Capital offers financial reports, stock research, and market insights to keep you abreast of market developments.

  • Secure and Transparent Transactions

Have faith in a trading environment that is both transparent and has strong encryption. Wisdom Capital guarantees a flawless and reliable trading experience while prioritizing the security of your investments.

  1. Can you invest in an IPO with WISDOM CAPITAL?

Regretfully, at this time, WISDOM CAPITAL cannot assist with investments in initial public offerings (IPOs). There are no IPO subscription services available on the site. To gain access to the primary market, investors hoping to participate in initial public offerings (IPOs) would want to look into other brokerage services.

Checking with the specific brokerage is crucial to get the most up-to-date information about the offerings and services related to initial public offerings (IPOs).

  1. Is WISDOM CAPITAL suitable for trading?

The appropriateness of WISDOM CAPITAL for trading relies on personal tastes and needs. Before making a choice, traders should consider costs, platform features, research tools, and customer support. Check whether WISDOM CAPITAL meets your demands by doing extensive research, assessing your trading objectives, and contrasting it with other platforms.

Remember that each trader has different standards for suitability, so choose a platform that complements your objectives and trading style for a seamless and satisfying trading experience.

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