Last updated on September 13, 2023
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.
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.