Wisdom Capital: Overview
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 shall be forwarded on email to you. You can complete the details, sign it and courier it to their given address.
Wisdom Capital: Account Opening Charges
| Charge Type | Amount |
|---|---|
| Trading Account Opening Charges | ₹0 |
| Demat Account Opening Charges | ₹0 |
| Trading Account AMC | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) |
Wisdom Capital: Equity Trading Charges
Equity Delivery Brokerage
| Charge Type | Amount |
|---|---|
| Brokerage | As per Brokerage plan selected |
| STT | 0.1% on both Buy and Sell |
| Turnover/Transaction Charges | 0.0035% |
| GST | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) |
| Stamp Duty | State-wise |
Equity Intraday Brokerage
| Charge Type | Amount |
|---|---|
| Brokerage | As per Brokerage plan selected |
| STT | 0.025% on the Sell Side |
| Turnover/Transaction Charges | 0.0035% |
| GST | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) |
| Stamp Duty | State-wise |
Futures Brokerage
| Charge Type | Amount |
|---|---|
| Brokerage | As per Brokerage plan selected |
| STT | 0.01% on Sell Side |
| Turnover/Transaction Charges | 0.0028% |
| GST | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) |
| Stamp Duty | State-wise |
Options Brokerage
| Charge Type | Amount |
|---|---|
| Brokerage | As per Brokerage plan selected |
| STT | 0.05% on Sell Side(on Premium) |
| Turnover/Transaction Charges | 0.06% (on premium) |
| GST | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) |
| Stamp Duty | 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 Portfolio Management, SEBI Authorized Portfolio Advisory, Free Demat and Best Terminal etc.
What is Commodity Trading?
Given the present situation, amidst the dominance of the stock market, commodity trading in India has been escalating constantly and has gained a lot of importance over the most recent decade. However, substances like food grains and metals are also traded in the stock market and are known to be commodities. Trading in commodities is generally done through future contracts.
The commodities, consisting of agricultural products (wheat, rice, corn, cotton, coffee and sugar), energies (natural gas, gasoline,crude oil) and metals (gold, platinum, silver) are offered and bought for a financial income and hence is called commodity trading.
Commodity trading market provides the platform where we can trade in commodities. In India commodity trading is mainly done through different exchanges by the online commodity trading firms. The most distinguished exchanges in India where commodity trading take place are National Multi Commodity Exchange of India (NMCE) deals in trading spices, Multi Commodity Exchange (MCX) primarily deals in metals like copper, silver, gold, gas, coal,etc. and National Commodity & Derivative Exchange (NCDEX) allowing trading in grains like sugar, cotton, wheat, rice, etc.
Wisdom Capital provides precious metal futures through its trading platforms. Investors can invest in these commodities and they can also trade in almost all agri and non-agri, metals commodities flawlessly.
Wisdom Capital in Commodity Trading: Benefits
As an online commodity trading facilitator Wisdom Capital offers various benefits which are:
1. Diversification of portfolio
2. Protecting against inflation
3. Hedging Against Risk
4. Offering very high liquidity
5. Trading even on lower margin
6. High returns
7. Easy trading facility
8. Preserve speculations at fingertips
9. Automatic commodity buying and selling.
Wisdom Capital Commodity Future and Option Brokerage
- Securities Transactions Tax (SST) in Commodity Futures is 0.01% on sell side (Non-Agri) and in Commodity Option is 0.05% on sell side.
- Transaction or Turnover charges are 0.0025% for both Futures and Options.
- Goods and Services Tax (GST) is 18% on (Brokerage + Transaction Charge)
- SEBI Charges is 0.00005% (₹5/Crore)
- Stamp Charges will be charged as state-wise.
How Commodity Trading Is Done Through Wisdom Capital?
Intraday:
The leverage offered by Wisdom capital in commodity Intraday follows as:
As per the brokerage plan selected by the customer, Wisdom Capital offers up to 10 times leverage (or higher based on brokerage plan selected) in commodity future and option writing. To avail the stipulated leverage you need to place orders with the product type as MIS.
Additionally, Wisdom Capital offers leverage up to 14 times in BO/CO type (or higher based on brokerage plan selected) only in Futures.
Carry Forward:
The leverage offered by Wisdom Capital in commodity carry forward follows as:
According to the exchange’s guideline, the initial margin or span margin including exposure margin will be required to carry the position till the expiry day or to take the overnight position. As per the exchange, you need to maintain the stipulated margin on a daily basis, through this you can avoid penalties for the shortfall. You need to place orders in the product type NRLM
Investors should have appropriate knowledge about the trading market to make effective and money-making commodity trading. To get better techniques and information and to make handsome profits in the market, investors can get the guidance from the online commodity firms and Wisdom Capital is one of them.
Commodity Futures Brokerage
| Charge Type | Amount |
|---|---|
| STT | 0.01% on sell side (Non-Agri) |
| Turnover/Transaction Charges | 0.0025% |
| GST | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) |
| Stamp Duty | State-wise |
Commodity Options Brokerage
| Charge Type | Amount |
|---|---|
| STT | 0.05% on sell side |
| Turnover/Transaction Charges | 0.0025% |
| GST | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) |
| Stamp Duty | 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, Trading school, Demat Account and Advanced customer support which includes Email Support, Live Chat and Toll-Free number with a super-friendly helpful staff even intense hours.
What is Currency Trading?
The Forex market is where currencies are traded and this market has the largest volume of the world’s business, this market never closes during the working week. In the forex market, people from all countries of the world participate every day and it is the leading financial market in the world that reflects the financial dynamics of world trade very clearly.
Currency market is mainly two types, the first one is the cash market or spot market and the second one is the futures market where currency futures are traded. Futures are the preferred way of doing trades in the Indian currency market.
There is no doubt to say that currency trading is a hedging tool and powerful investment. It is a contract between two currencies that can be exchanged at a specific rate at a future date and by trading in currencies investors can hedge against foreign exchange risk.
The foremost thing to remember in currency trading is that the trade is always done between a pair of currencies. Dissimilar in the stock market where we buy a share of one company, currency trading will involve taking a position on a currency pair.
For example, the EUR/USD rate represents the number of US dollars one Euro can buy. Suppose, we think the Euro will increase in value against the US dollar, then we buy Euros with US dollars. Once the exchange rate rises, we can sell the Euros back, and we cash in our profit.
How Currency Trading Is Done Through Wisdom Capital?
Intraday:
As per the brokerage plan selected by the customer, Wisdom Capital offers 5 times leverage in currency future and option writing.
In the product type MIS, the leverages will be available.
Carry Forward:
The leverage offered by Wisdom Capital in currency carry forward follows as:
According to the exchange’s guideline, the initial margin or span margin including exposure margin will be required to carry the position till the expiry day or to take the overnight position. As per the exchange, you need to maintain the stipulated margin on a daily basis, through this you can avoid penalties for the shortfall. You need to place orders in the product type NRLM.
What are Wisdom Capital Currency Future and Option Brokerage?
In currency future and option brokerage will charge as per the selected plan.
1.There is no Securities Transactions Tax (SST).
2.Transaction or Turnover charges are ₹0.
3.Goods and Services Tax (GST) is 18% on (Brokerage + Transaction Charge)
4.SEBI Charges is 0.00005% (₹5/Crore)
5.Stamp Charges will be charged as state-wise.
Wisdom Capital is proud to have 500+ Franchises in India with more than 25000+ happy customers. They keep their customers up-to-date with the latest trends, events happening and news of the stock market and forex market. Wisdom Capital also provides a currency Margin Calculator to its customers since currency trading is a legitimate way to make a profit.
Currency Futures Brokerage
| Charge Type | Amount |
|---|---|
| Brokerage | As per Brokerage plan selected |
| STT | No STT |
| Turnover/Transaction Charges | ₹0 |
| GST | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) |
| Stamp Duty | State-wise |
Currency Options Brokerage
| Charge Type | Amount |
|---|---|
| Brokerage | As per Brokerage plan selected |
| STT | No STT |
| Turnover/Transaction Charges | ₹0 |
| GST | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.00005% (₹5/Crore) |
| Stamp Duty | State-wise |