Wisdom Capital Review

Category: Reviews | Author: Trading Brokers | Date: October 7, 2023

Wisdom Capital Markets is an online discount broker in India, kicking off its journey back in 2013. They say they’ve got a whopping 100,000 active customers all over the country. So, what’s their deal? Well, they claim to be all about low costs, lightning-speed trading, and a hassle-free experience. But, is it really all that? In this deep dive, we’ll uncover the ins and outs of Wisdom Capital Markets to help you figure out if they’re the trading buddy you’ve been looking for.

Pros & Cons

  • Regulated by multiple authorities for transparent trading
  • Offers diverse funding options for convenience
  • Low-cost, high-speed, and hassle-free trading platforms and tools.
  • Variety of account types, including a free lifetime trading account
  • Offers trading in a wide range of markets and instruments
  • Provides educational resources on trading topics
  • No physical branch network in India
  • Limited trading options, excluding mutual funds, bonds, IPOs, ETFs, etc
  • Limited industry reputation compared to some other brokers
  • No research or advisory services provided
  • Charges fees for debit/credit card transactions and higher brokerage fees for certain plans

Summary

Wisdom Capital Review

Wisdom Capital Review

Wisdom Capital is an online discount broker that was founded in 2013 and offers a range of trading and investment services in India. The broker claims to provide low-cost, high-speed, and hassle-free trading platforms and tools to its clients. The broker also offers various account types, educational resources, and market access to suit different trading needs and preferences. The broker is regulated by various authorities, such as SEBI, NSE, and BSE, and follows the rules and guidelines set by them to ensure fair and transparent trading practices. The broker also maintains high standards of corporate governance, risk management, customer service, and transparency.

Wisdom Capital offers trading in a range of markets, including equities, derivatives, commodities, and currencies across different exchanges and platforms. The broker also offers margin trading and hedging strategies for these markets. The broker charges a brokerage fee of INR 9/executed order or INR 999/month for these markets under its Freedom Plan.

The broker offers several trading platforms, including Wisdom NEO, Wisdom Trade, XTS, Fox Trader, and BSE (BEST). These platforms are designed to provide fast order execution, advanced charting tools, watchlist scanners, fundamental/technical analysis tools, live market data, news, alerts, portfolio tracking, and more. The platforms are accessible from various devices and browsers and do not require any installation or download.

The broker also offers a range of account types to its clients. These include a free lifetime trading account with no minimum deposit requirement and no annual maintenance charges; a margin trading account with a minimum deposit of INR 25,000 and a leverage of up to 20 times; and three other plans with different brokerage charges depending on the trade size or volume. The broker also provides an easy and quick account opening process and customer support to its clients.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulations

One of the main regulators of Wisdom Capital is the Securities and Exchange Board of India (SEBI), which is the statutory body that oversees the securities market in India. SEBI regulates the activities of brokers, intermediaries, exchanges, depositories, and other market participants. SEBI also issues licenses, conducts inspections, imposes penalties, and enforces compliance with its regulations. Wisdom Capital is a registered member of SEBI and adheres to its norms and standards.

Another regulator of Wisdom Capital is the National Stock Exchange of India (NSE), which is the leading stock exchange in India that offers trading in equities, derivatives, commodities, currencies, and other instruments. NSE is responsible for providing a fair and efficient platform for trading and clearing services, as well as maintaining market integrity and investor protection. NSE also sets the rules and regulations for its members, including brokers like Wisdom Capital.

Similarly, Wisdom Capital is also regulated by the Bombay Stock Exchange (BSE), which is another major stock exchange in India that offers trading in various segments. BSE is the oldest stock exchange in Asia and has a history of over 140 years. BSE regulates its members and ensures compliance with its rules and regulations. To keep your decision-making on the straight and narrow, we’ve put together a list of regulated brokers, giving you some solid alternatives to consider.

Platforms and Tools

Wisdom Capital Platforms

Wisdom Capital Platforms

The company offers several trading platforms, including Wisdom NEO, Wisdom Trade, XTS, Fox Trader, and BSE (BEST).

  • Wisdom NEO: Wisdom NEO is a highly integrated mobile app that provides real-time access to stock markets and has all the features of a modern trading platform. The app allows users to trade in equities, derivatives, commodities, and currencies across NSE and BSE. The app also offers live market data, charts, news, alerts, watchlists, portfolio tracking, and more. The app is compatible with Android and iOS devices and can be downloaded from the Google Play Store or the App Store.
  • Wisdom Trade: Wisdom Trade is a powerful web-based trading platform with advanced charting tools, watchlist scanners, and fundamental/technical analysis tools for easy trading of stocks, futures, options, and more. The platform is accessible from any browser and device and does not require any installation or download. The platform also offers fast order execution, multiple order types, market depth, trade reports, and more. The platform is suitable for both beginners and experienced traders who want to trade from anywhere.
  • XTS: XTS is a terminal-based online trading platform designed for PC users. The platform offers a robust and secure trading environment with high performance and reliability. The platform also offers advanced features such as a customizable workspace, multiple market watch windows, real-time data feed, technical indicators, charting tools, backtesting tools, algo trading tools, and more. The platform is ideal for professional traders who want to trade with speed and accuracy.
  • Fox Trader: Fox Trader is another trading platform offered by Wisdom Capital. The platform is a comprehensive solution for traders who want to analyze, strategize, and execute trades in the market. The platform offers features such as live streaming data, interactive charts, scanners, screeners, alerts, signals, strategies, portfolio management, risk management, and more. The platform also allows users to create their own strategies using the built-in scripting language or choose from the pre-defined strategies available on the platform.

The broker also provides tools such as Wisdom Pro, a trading terminal with advanced charting and technical analysis features.  Wisdom Pro is a desktop-based application that offers features such as multiple market watch windows, real-time data feed, technical indicators, charting tools, backtesting tools, algo trading tools, and more. Wisdom Pro is ideal for professional traders who want to trade with speed and accuracy

Education

Wisdom Capital is an online discount broker that offers a range of educational resources to its clients. The company aims to provide useful and relevant information and guidance to its customers to help them learn more about the markets and improve their trading skills. The company offers various educational resources on its website, such as articles, videos, and webinars.

  • Articles: The company publishes articles on various topics related to trading and investing, such as trading strategies, technical analysis, fundamental analysis, market news, risk management, and more. The articles are written by experts and professionals in the field and provide insights and tips for traders of all levels. The articles are updated regularly and can be accessed from the website’s blog section.
  • Videos: The company also produces videos on various topics related to trading and investing, such as trading platforms, tools, indicators, charts, patterns, signals, strategies, and more. The videos are hosted by experienced traders and instructors who demonstrate and explain the concepts and techniques in a simple and easy-to-understand manner. The videos are also updated regularly and can be accessed from the website’s video section.
  • Webinars: The company also conducts webinars on various topics related to trading and investing, such as market trends, opportunities, challenges, outlooks, analysis, forecasts, and more. The webinars are live and interactive sessions where the participants can ask questions and get answers from experts and professionals in the field. The webinars are also recorded and archived for future reference and can be accessed from the website’s webinar section.

Markets

The company aims to provide access to various segments and instruments across different exchanges and platforms to its customers. The company offers trading in the following markets:

  • Equities: The company offers trading in equities, which are shares or stocks of companies listed on the stock exchanges. The company allows its clients to trade in equities across NSE and BSE. The company also offers delivery and intraday trading options for equities, as well as margin trading and short-selling facilities. The company charges a brokerage fee of INR 9/executed order or INR 999/month for equities under its Freedom Plan.
  • Derivatives: The company offers trading in derivatives, which are contracts that derive their value from an underlying asset, such as stocks, indices, commodities, or currencies. The company allows its clients to trade in futures and options contracts across NSE and BSE. The company also offers margin trading and hedging strategies for derivatives.
  • Commodities: The company offers trading in commodities, which are raw materials or products that are traded on the commodity exchanges. The company allows its clients to trade in commodities such as metals, energy, agri, and bullion. The company also offers margin trading and arbitrage opportunities for commodities.
  • Currencies: The company offers trading in currencies, which are units of money that are used as a medium of exchange in different countries. The company allows its clients to trade in currency pairs such as USD/INR, EUR/INR, GBP/INR, and JPY/INR across NSE and BSE. The company also offers margin trading and speculation strategies for currencies.

Accounts

The company also provides flexible and affordable trading options to its customers. The company offers the following account types:

  • Free Lifetime Trading Account: This account type has no minimum deposit requirement and offers trading in all segments, including equities, derivatives, commodities, and currencies. The account also has no annual maintenance charges and no hidden fees. The account is suitable for traders who want to trade without any restrictions or limitations.
  • Margin Trading Account: This account type requires a minimum deposit of INR 25,000 and offers a leverage of up to 20 times. The account also provides trading in all segments, including equities, derivatives, commodities, and currencies. The account also has a low brokerage fee of 0.005% for delivery and 0.005% for intraday trading. The account is suitable for traders who want to trade with higher exposure and lower costs.
  • Freedom Plan: This account type offers trading in all segments with a brokerage charge of INR 9/executed order or INR 999/month. The account also has no minimum deposit requirement and no annual maintenance charges. The account is suitable for traders who want to trade with a fixed and low brokerage fee regardless of the trade size or volume.
  • Pro Plan: This account type has a brokerage charge of INR 15/executed order or INR 1,499/month. The account also has no minimum deposit requirement and no annual maintenance charges. The account is suitable for traders who want to trade with a slightly higher but still low brokerage fee regardless of the trade size or volume.
  • Demat Account: Wisdom Capital offers a Demat account that is essential for seamless trading. The account maintenance charges for the demat account are NIL. Wisdom Capital is the only company that provides free online demat account opening facilities.
  • Ultimate Plan: This account type offers trading in all segments with a brokerage charge of INR 25/executed order or INR 2,499/month. The account also has no minimum deposit requirement and no annual maintenance charges. The account is suitable for traders who want to trade with a higher but still reasonable brokerage fee regardless of the trade size or volume.

Funding

Wisdom Capital offers a range of funding options to its clients with the aim of providing convenient and secure payment methods to its customers. The company offers the following funding options:

  • Online Transfers: The company allows its clients to transfer funds online from their bank accounts to their trading accounts using NEFT, RTGS, or IMPS. The company also provides instant fund transfer facility through its partner banks, such as HDFC Bank, ICICI Bank, Axis Bank, and more. The company does not charge any fees for online transfers and the funds are credited to the trading account within 24 hours.
  • Net Banking: Wisdom Capital’s platform also supports fund transfers via net banking. This is another convenient and hassle-free way to deposit and withdraw funds.
  • Debit/Credit Cards: The company allows its clients to use their debit or credit cards to fund their trading accounts. The company accepts cards from Visa, Mastercard, and Rupay. The company charges a nominal fee of 1.8% for debit card transactions and 2.5% for credit card transactions. The funds are credited to the trading account instantly.
  • UPI Payments: The company allows its clients to use UPI (Unified Payments Interface) to fund their trading accounts. UPI is a fast and secure payment system that enables users to transfer money using their mobile phones. The company accepts UPI payments from various apps, such as Google Pay, PhonePe, Paytm, and more. The company does not charge any fees for UPI payments and the funds are credited to the trading account instantly.

The company’s funding options are easy and quick for traders who want to deposit or withdraw money from their trading accounts. The company also provides customer support and assistance to its clients in case of any queries or issues regarding their funding transactions.

Conclusion

In this article, we have found that Wisdom Capital is a reputable and reliable broker that provides low-cost, high-speed, and hassle-free trading experience to its clients. The broker offers a range of trading platforms, tools, markets, accounts, and educational resources to cater to different trading needs and preferences. The broker is also regulated by various authorities and follows the rules and guidelines set by them to ensure fair and transparent trading practices. However, it’s worth noting that while Wisdom Capital offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

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Wisdom Capital is an online discount broker that offers low-cost, high-speed, and hassle-free trading platforms and tools to its clients. The broker offers trading in a range of markets, including equities, derivatives, commodities, and currencies across different exchanges and platforms. The broker also offers various account types, educational resources, and market access to suit different trading needs and preferences.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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