Wisdom Capital Review
Incorporated recently in the year 2013, Wisdom Capital is a discount stockbroking company in India. A subsidiary of Ashlar Group of Companies (established 1996), Wisdom Capital has memberships with NSE, BSE, MCX - SX, MCX and USE with which it allows its clients to trade across:
- Futures and Options
- Depository Services
Although Wisdom Capital is a discount stockbroker, it has an offline franchise coverage in 250 locations across the country, thus, supporting both online trading as well as broker supported trading. As far as the brokerage is concerned, Wisdom capital charges a fixed periodic fees (more on that later).
Wisdom Capital Trading Platforms
Wisdom capital has almost no focus when it comes to developing and maintaining their in-house trading platforms. They rely 100% on the softwares by stock exchanges and thus, in a way shy away from one of the major responsibilities of setting up a brokerage house.
Here you can find the details on the different platforms 'licensed' by Wisdom Capital:
Wisdom capital employs Nest, which is a trading platform licensed through NSE that can be downloaded and installed on user's laptop or desktop. This trading terminal connects to a highly robust server that takes minimal time in fetching latest data along with the trading provision. It comes loaded with the following features:
- Interactive Charting with multiple indicators at intraday, comparative and historical level.
- Market watch to go with order placement and risk management
- Alerts and notifications as per set by the user
- Hourly Statistics and heat maps for quick technical analysis and judgment
Wisdom Capital - BSE Bolt
BSE Bolt is a trading application by BSE on trade across the stocks listed on it. The trading software has been there for a while and is regularly updated in terms of usability and functionality. It comes with the following features:-
- Live reports with information on highest gainers and losers, advances or declines in stock values with layouts for last 52 weeks.
- Bulk deals, block deals and margin trading
- Surveillance on market trends with Price Monitoring
Like in the case of NEST, this application is also a third-party software and is not maintained by the discount stock broker.
"Wisdom Capital does not really focus much on developing its own trading platforms and offers 3rd party softwares from NSE and BSE."
Wisdom Capital - NSE NOW
NSE Now is again a trading platform from NSE except the fact that this is a web trading application and is responsive in nature. Users don't need to download or install this application but can directly access it as well. Registered clients get login credentials before they start trading with Wisdom Capital.
The application is compatible across browsers and users can access it from anywhere be it desktop, mobile, tab or laptop.
NSE Mobile App
For users who prefer to carry out their trading through a mobile app, the discount stockbroker provides the NSE Mobile App. Like most of the trading platforms offered by the broker, this app is also an outsourced trading application and is maintained by NSE itself.
The mobile app comes with the following features as shown:
- Multiple features available
- Different types of orders allowed
- Charting and technical indicators available for fundamental and technical analysis.
- Basic UI with very fewer updates
This mobile app is used by multiple stockbrokers who either don't have a mobile app of their own (such as Wisdom Capital) or their own mobile app is low performing.
Wisdom Capital - Pricing
In this Wisdom Capital Review, we will talk about different charges levied by Wisdom Capital - as listed here:
Wisdom Capital Account Opening Fees
Wisdom Capital Brokerage Charges
There are 3 plans offered by Wisdom capital to its clients based on their trading needs and habits. The most prominent one is the 'Freedom Plan' which is charged at per trade, monthly and overall lifetime level.
There is a Pro plan that stays at trade level itself and charges ₹9 per executed order. Then, there is the Ultimate plan where clients are charged a percentage commission of 0.01%.
Finally, the broker offers a Lifetime Freedom plan where you have to pay ₹1947 for a one time charge and you can trade for free for your complete stay with Wisdom Capital. In this plan, the user has the options of:
- Free usage of NEST Trading platform
- Relatively better customer service
- Option to Upgrade Advance Add-on Tools
Use this Wisdom Capital Brokerage Calculator for complete charges and your profit