Wisdom Capital Review: In the business of stockbroking, it doesn’t matter how long you have been in the race, instead what matters is your efficiency and productivity. Similar to the dynamic structure of the share market, ranking among the top stock brokers keeps changing and one such change was made by the high-tech discount broking firm Wisdom Capital. Wisdom Capital commenced work in the year 2013, and in this short duration, the company has made a remarkable name for itself among other stockbroking firms. Its extensive services and products attract customers and prove valuable in terms of share market trading.
However, a Wisdom Capital review would be incomplete without sharing the details of its brokerage plans and charges. So, here is what the company offers. Wisdom Capital has three types of brokerage plans for its customers to choose from, all three are distinct and have individual qualities that stand out for separate purposes. Another feature of Wisdom Capital is the Wisdom Capital brokerage calculator which helps customers obtain the exact value of the brokerage fee and charges so that they can evaluate their budget accordingly. Not just one, but Wisdom Capital provides other online calculators as well to figure out the charges of other services and products. Wisdom Capital margin calculator is yet another online platform where customers can measure their margin amount on trading.
The official website of Wisdom Capital is also quite resourceful when it comes to trading information. The website entails all the relevant information about all policies and trade that the discount broker offers. There are even some demo videos easily available that can help in decoding the process of stockbroking. To deeply measure Wisdom Capital review let us take a look at some of the review of valuable services:
About Wisdom Capital:
Wisdom Capital is one of the top stockbroking firms in the country and works as a discount broker. Established in 2013 and the company is a joint venture of Wisdom Capital and Ashlar Securities. The firm has a variety of products and services to offer its customers in terms of stockbroking and trading. Wisdom Capital works with a vision of providing the best deals and profits to its customers while not losing the quality of products and services. Wisdom Capital Advisors Pvt. Ltd. is located in the tech hub Noida, Uttar Pradesh.
Wisdom Capital is a team of industry experts who works continuously to grow the business of discount broking and offers assistance to its customers at all times. For brokerage, Wisdom Capital offers three separate plans each with qualities of its own and different fees. Along with this, there are also multiple facilities such as Wisdom Capital brokerage calculator, etc which provide easy access for its customers to gain insight on the stock market changes.
Wisdom Capital Mobile App Review
As the world is moving towards higher technology, the trading and share market is also evolving and accepting new ways of stockbroking. In this race of advancement, Wisdom Capital provides some of the latest mobile app technologies which help customers fulfill their goal even more conveniently and in just a few simple steps. Wisdom Capital review of the mobile application can help you figure out what are the types of mobile apps which the company offers and what they do. The first mobile app by the company is Wisdom Pro which is targeted towards smooth trading overall sectors like NSE, BSE, MCX, and MCX-SX. Wisdom Pro is the mobile app that allows customers to access stock market funds and use services such as watchlists, search stocks, and track their market value as well as organize portfolios of their share market profile.
The mobile app is the best use of technology as it improves the privacy feature which is of great importance when dealing with the stock market. Wisdom Capital’s review of the mobile app is incomplete without mentioning some of the important features which the app offers. The app is designed to fit the commands of the traders and provides a charting service so that funds and values could be analyzed. The interface of the mobile app is user friendly and highly interactive to make the experience enjoyable and not tricky. Next, the size of the app is less than 3 megabytes which makes it easy to store and install on the mobile phone. Also, because of its smaller size, the mobile app can be saved on phones at all times and doesn’t consume a lot of mobile data.
Wisdom Capital Trading Platform Review
Wisdom Capital leads the path of trading platforms in the stockbroking business because of their multi-functional trading platforms which are made for both mobile and browser. The above point on Wisdom Capital review of the mobile app explains how the trading function using the mobile app has simplified the process for customers. Other than the mobile app, Wisdom Capital also has an online trading platform that is both terminals based and web-based. The online platforms are designed to offer direction for customers in trading equity, commodities, and derivatives. The platform includes several analytical charts for description as well as tools to scan the share market changes. Near Trader, Fox Trader, and Wisdom Power are the three trading platforms which the company offers online for which a customer needs to install the .exe file which is available on the company’s official website.
All three platforms are designed separately for individual needs. For instance, Fox Trader is a more hi-tech platform used for trading which is a desktop terminal platform. It involves live tick screening, analyzers, scanners, and an automatic system where trading takes place as per recorder commands. Next, Wisdom Power is a .exe platform where all the research and analysis regarding the trade can be done along with trading itself. The execution time of trading with this platform is incredible which also involves tools that use mathematical algorithms to analyze the trade.
Wisdom Capital Account Opening Process Review
Another important aspect of stock trading is the process one has to follow to obtain a trading account so that all trading activities can be done through that trading account. Since it is mandatory to have a trading account the process of opening one with a stockbroker as well as the charges for opening the trading account and maintenance fee is very important to evaluate before starting the process. Wisdom Capital’s review of the account opening process thus explains how easy and simple it is to open a trading account with Wisdom Capital.
There is both an online and offline facility available for opening accounts. For online, you need to submit all your information on the website along with documents following which a sales representative from the company will shortly contact you. If not this then you can simply call on the toll-free number of the company to get all details related to the account. If you want an offline service then that a request for the same needs to be registered at the official website and you will receive an email carrying a KYC form which you require to fill out carefully and then courier to the company. Charge for opening an account is free for those with a PRO or Ultimate plan while those with the freedom plan would need to pay Rs. 999.
Wisdom Capital Demat Account Review
For any type of online trading, it is crucial to have a digital account according to the updated rules for stock trading in India. A digital account is simply an online secure account where all the shares and stocks are securely stored. These stocks and shares are stored in this digital account in electronic form and there are two depositories in the country namely, National Securities Depositories Limited ( NSDL) and Central Depository Services Limited ( CDSL). A Demat account is the dematerialized form of stocks and securities which the stockbroker offers its clients.
Wisdom Capital review for the Demat account can explain how the opening process unfolds. There are usually two types of charges one is the opening charge for the account and the other is the maintenance charge for the Demat account. The opening charge of the Demat account is free of cost for those customers who have either a PRO plan or Ultimate plan. But, customers who are registered with a Freedom plan need to pay a sum of Rs. 999 for the opening of a Demat account with the company. Note this charge doesn’t include taxes. The maintenance fee for the account can be paid in two ways. One is to pay a sum of Rs. 999 and have lifelong maintenance of the account. The second way is to pay a sum of Rs. 300 every year. Also, these charges don’t include taxes.
Wisdom Capital NRI Account Review
With an NRI Demat account any NRI can make a trade-in in India legally. All that is required is to have a valid Demat account through which all the transactions could be availed. For opening an NRI Demat account with Wisdom Capital it is important to know all the details involved with the procedure. The very first thing is to make sure that all the previous or current Demat accounts with any other banks are closed and not functional. Also, if there are any shares or stocks that were bought then those need to be transferred to the NRO Demat account before proceeding with opening a new Demat account.
Wisdom Capital offers two types of Demat accounts for NRIs and they are Repatriated Demat Account and Non-Repatriated Demat account. The first one is where the deposits are stored in a separate bank account referred to as an NRE account. Funds from this account can be directly moved to any international bank account. The second one is where the funds cannot be transferred to the international bank instead they are stored in an NRO account. These are the two types of Demat account which Wisdom Capital offers to its NRI customers. Funds and stocks from one NRE account can be moved to any other NRO account easily and this way customers can reach their funds using the NRI Demat account by Wisdom Capital.
Wisdom Capital Mutual Funds Review
Wisdom Capital review of mutual funds investment helps you clarify all doubts regarding the risks of investing in mutual funds. It is widely assumed that investment in mutual funds is risky and not profitable and that is the reason why people run away from these funds. Wisdom capital review over mutual funds can give you reasons why you should choose to invest in mutual funds and how it can be profitable. Mutual funds by Wisdom Capital assists you with expert advice on funds and stocks so that professional management could be maintained while selling and buying stocks in mutual funds.
The key to profit in mutual funds is to have experience of the share market but even if you don’t, then advice from the company can lead to making wise decisions. Schemes in mutual funds are given over multiple profiles such as equity, balanced, hybrid, and debt. Mutual funds by Wisdom Capital do not demand a huge investment, instead, a small amount can be invested over a systematic investment plan that can lay huge profits. Lastly, mutual fund investments are also subject to tax reductions under Section 80C.
Wisdom Capital Margin
Margin in stockbroking is highly effective as it increases the trade volume. Wisdom Capital margin like other stockbroker’s margin does not remain consistent, instead, it is dependent on many features which are underlined in the trading details. Features that affect Wisdom Capital margin are stock reputation in the share market, the term of the funds, and mainly the type of plan a trader has opted for when trading with Wisdom Capital. The market value and availability of stocks in the share market also influence Wisdom Capital margin. To get a detailed knowledge of Wisdom Capital margin let us look at the margin which is offered by the company of each plan:
For trading in NSE Equity, Wisdom Capital margin is:
|MIS||Up to 5X||Up to 20X||Up to 20X|
|BO/CO||NA||Up to 20X||Up to 20X|
|NRML(BTST)||1X||1X||up to 4X|
For trading in NSE Futures, Wisdom Capital margin is:
|MIS||NA||Up to 4X||Up to 4X|
|BO/CO||NA||Up to 4X||Up to 4X|
For trading MCX Commodity, Wisdom Capital margin is:
|MIS||NA||Up to 2X||Up to 4X|
|BO/CO||NA||Up to 2X||Up to 4X|
For trading in NSE Currency, Wisdom Capital margin is:
For trading in NSE Options, Wisdom Capital margin is:
|MIS||NA||Up to 4X for Writing/Selling||Up to 4X Writing/Selling|
|BO/CO||NA||Up to 4X for Writing/Selling, |
Up to 2X for Option Buying
|Up to 4X for Writing/Selling, |
Up to 4X for Option Buying
Apart from this, Wisdom Capital margin is offered in Delivery and Intraday segments as well. For intraday in NSE Equity, the margin is up to 20X, but this is also based on the type of plan one chooses. Other than the brokerage plan, Wisdom Capital margin is also influenced by the type of product which is selected under the brokerage plan. One of the vital features of Wisdom Capital margin is to remember that any exclusive margin will be squared off after a 50% MTM loss. The reason behind this is to minimize the risk involved in high volume trading.
Wisdom Capital Brokerage Plans & Fees
Wisdom Capital is one of the best discount brokers available in the country and they are highly known for their amazing brokerage plans and charges. Wisdom Capital offers three brokerage plans to choose from. Let us take a look at all three plans in some depth:
- Lifetime Freedom Plans – As the name suggests, this plan has a lifetime trading option with zero brokerage fee in futures, options, and commodities over NSE/BSE and MCX/NCDEX. There are also no optional and extra charges attached to the plan which maintains a trust bond between the company and customers. Account opening is free of cost and lasts for a lifetime with literally zero brokerage charge over trading activities. Margin is 1X under all segments except intraday margin in NSE where it is 5X.
- Pro Plan – This plan is also called an Add-On where traders who are pro in the shared business get maximum benefit. The name suggests that the app is dedicated to experienced traders who need maximum exposure in stocks under intraday and margins. Some of the extra features include tools and software to track funds. Account opening is free with a lifelong validity with 0.01% brokerage in NSE Equities. However, a brokerage in Futures, Options, and MCX is Rs. 9 per trade with various margin options.
- Ultimate Plan – This plan by Wisdom Capital is the highest value brokerage plan for trading in stocks where traders get the highest exposure under intraday and delivery. Wisdom Capital margin for this plan is also the highest. Account opening is free with a 0.02% brokerage rate in NSE Equities.
Wisdom Capital Products and Services
All the best stock brokers are regarded for the products and services which they offer. Wisdom Capital brokerage calculator and many other online calculators are one such product of the company which makes the discount broker shine. Wisdom Capital services can be divided by different share market segments in which the company offers trading schemes. They are:
- Equity trading -This service is available for both Indians and NRIs to continue trading using online trading platforms by Wisdom Capital. Intraday and Delivery Equity trading is available under this service.
- Derivative trading – Wisdom Capital offers trading in Futures and Options to add an extra feature to the simple trading technique so that added profits can be availed.
- Depository trading – Depository services such as dematerialization, rematerialization, and settlement of stocks are offered under Depository trading as Wisdom Capital is a participant of NSDL.
- Wisdom Data Feed – Relevant data related to stock market trading is given to valuable customers under their brokerage plan so that trading could be strategized and analyzed before selling and buying stocks. Various software-driven tools are delivered to customers which incorporate data gathered by popular financial global data feeds.
- Wisdom Trading School – To prevent huge losses in share market trading, Wisdom Capital offers a kind of crash course for people who are new in the trading business to make sure that they are equipped with the right knowledge and data to continue trading in the share market. This course by the company helps to make stock decisions by making customers go through various practice tests that prepare them for the actual challenge.
Wisdom Capital Offers
Although the brokerage charges by Wisdom Capital are lower still, occasionally the company gives exciting offers to highlight the deal even more. For instance, a limited period offer currently is for Independence day where trading in the NSE Futures and Options under the Ultimate plan is charged Rs. 7 per lot. Similarly, Wisdom capital keeps updating its fee and brokerage rate from time to time to maximize the profit level of its customers.
Why Wisdom Capital?
This question can be answered simply by stating some of the benefits that a customer gets while broking with Wisdom Capital. The listing of benefits starts with the Wisdom Capital brokerage calculator along with many other online calculators that help measure the costs and charges of services that involve trading in the share market. Following are the calculators by Wisdom Capital:
Wisdom Capital Margin Calculator
This is one of the best tools because it provides the estimated margin over a trade even before the trade is executed. Using this calculator a trader can make sure that he/she is not making a bad decision or the profit ratio is maintained with the estimated margin. Wisdom Capital margin calculator is one of the widely used tools and is a prominent reason why one should choose Wisdom Capital over other brokers.
This calculator gives the exact amount which is charged as a brokerage in each segment. Simple steps for using the calculator are to select the segment of trading then enter the quantity of Equity and Derivatives. Lastly, the buy price and sell price are mentioned then by submitting this information the online calculator gives the brokerage charge over the trade.
Apart from the digital calculator’s Wisdom Capital also provides services like:
- Financial Planning: In times like this where money carries so much power it is wise to have financial planning especially for a business as dynamic as share market trading. Wisdom Capital offers financial management schemes for its customers so that they can carefully decide their budget for trade value and can make trading decisions based on the current income and future expenses.
- Mutual Funds: Mutual funds like Equity funds, Hybrid funds, Debt funds, and ELSS funds are given by Wisdom Capital. These funds offer some security over-trading and in some cases tax benefits.
- Insurance: Along with services in the shared business, Wisdom Capital makes sure that you have a perfect insurance scheme to guard your expenses. Insurance offered by the company is life insurance, ULIP, Car, Health, and Travel which cover all sectors of a customer’s life.
Is Wisdom Capital safe for trading and long term investment?
Finally, Wisdom Capital for trading and long term investment is one of the many reasons why one should go with Wisdom Capital. In the long term trading, the deal Wisdom Capital proves beneficial as the brokerage charges which are divided over three plans are quite minimal when compared to other brokers.
Therefore, long-term investment deals with Wisdom Capital results in the most profit as the sum invested over brokerage fee, and other charges are next to negligible. Trading accounts with Wisdom Capital are also generally free of cost and have a lower maintenance fee if you are registered under a brokerage plan with the company.
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