Wisdom Capital is one of the best discount broker in India. They don’t develop in-house software for trade analysis, nor do they have a huge clientele. However, they have the best brokerage plans for pure traders, who are interested in trading and provides them with services like stock research, deep fundamental analysis, etc. from their trading company.
Incorporated in 2013, Wisdom Capital is a discount broker that helps its customers to trade in stocks, commodities, currencies and their derivatives like futures and options on exchanges like NSE, BSE, MCX, etc. Apart from low brokerage it is also known to provide high leverage to its customers.
The following sections show the factors that have made Wisdom Capital, one of the best low-cost brokers.
Wisdom Capital Trading Platforms
The low-cost brokerage provides the most economical way of trading. High-end trading analysis software cost a lot which will mitigate the advantage of providing low brokerage to its customers.
NEST from Omnesys is Wisdom Capital’s desktop software for trading which is free of cost to use. This is one of the most popular trading purpose desktop utilities. It provides all trading parameters like detailed quotes, order facility including bracket orders, cover orders, triggers in a single screen.
One can trade in different exchanges like NSE, BSE, and MCX from a single platform of NEST. It also provides the user with common leading and lagging indicators like accumulation, distribution, EMA, MACD, RSI, etc.on the same watchlist screen.
In short, via NEST, Wisdom provides a desktop trading platform, which is practical and most popular for budget traders.
A web-based platform, developed and maintained by National Stock Exchange of India (NSE), is offered by Tradejini under a subscription license. Traders don’t need to download or install and can access this platform from any web browser to use the services offered by this broker.
Offering a flexible and hassle-free experience, the platform allows direct access to NSE servers.
Wisdom Capital app for Android is Trade Eye. Like Nest, this application is fully capable of carrying out any type of trades in any segment from a single mobile screen. It also has charting facilities with indicators, although the time-period of charts does not go above 5 minutes interval.
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Instant automated pay-in and pay-out
Today all discount brokerages allow online, uninterrupted client-controlled pay in and pay-out.
However, where the wisdom capital scores are the cost of instant transfer that is deducted from the transferred amount. Wisdom Capital charges six rupees plus GST whereas most low-cost brokerages charge amount starting from Rs.8 to Rs.15 for each pay-in.
Wisdom Capital does not require a minimum balance in the trading account. Therefore one can withdraw the entire free trading account balance in needy times.