freqquestions

OPENING ACCOUNTS

Account opening process is very simple, Please register details on our website and get a call back from our talented sales team for an account opening. You can also download account opening forms(KYC) from the download section, take printout along with supporting documents and courier it to us. You can call us to talk to our sales team on Toll-Free No 1800-3000-5084.
Yes, we do offer this service only to our PRO plan customers and Ultimate plan customers. An executive will come to your doorstep with KYC. For requesting this please talk to our sales team or drop a mail to helpdesk@wisdomcapital.in
Depending on your requirement you can choose any account like, Trading Account (Only FO ), Trading +Demat Account (Equity and Derivatives), Commodity account (Mcx +Ncdex) or Trading +Demat+ Commodity for trading all exchanges (NSE,BSE,NFO,BFO,Mcx,Ncdex,CDS) . You will be able to trade in all segments from single trading ID.
Our Account opening charges are absolutely free for all plans.
You can opt for AMC(Annual Maintenance Charge ) annually i,e. 300 +GST applicable to Pro and Ultimate plans only or lifetime AMC free by Paying Rs.1180(Rs.999+18% GST). Freedom plan account opening is absolutely free with a mandatory lifetime AMC i.e. Rs.1180(Rs.999+18% GST).
“DEMAT Account = Share Bank”. A Depository is like a bank where securities are held in electronic (dematerialized) form. In India, there are two Depositories -National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL). Under the Depositories Act, investors can avail of the services of the Depositories through Depository Participants (DP) . DP’s are like bank branches wherein shares in physical form need to be deposited for converting the same to electronic (demat) form. To enter into the system you have to open a Demat account with a DP for which an application in the prescribed form is to be filled and signed by the applicant along with supporting documents for different categories of Demat accounts.
Only for Freedom Plan Demat account is compulsory. If you don’t want to trade in Equity Delivery you don’t need to open a Demat account, but for trading in equity intraday, you will be required to link an existing Demat account. For Linking Demat account you need to attach Client Master Copy of Demat account, self-attested with Account opening Form. For seamless trading, we would suggest you Open a Demat with us.
It just takes 24 Hours, once we receive your Account opening Kit after verification. We suggest you send us correct Account opening kit without discrepancy. Please ensure that you are signing in all correct places in KYC. You can call our sales team for the same.

Lowest Brokerage Charges PRICING & PLANS

a). Freedom Plans : Free for lifetime Unlimited Trades across all segments. b). Addons/Pro Plans : Trade @ Rs 9/Trade in NSE/MCX F&O. Equities cash @ 0.005% for intraday.
This can be done within 24 hours by sending an email to helpdesk@wisdomcapital.in. Please note you can change freedom plan to pro and ultimate Plans. Converting PRO and ultimate Plans to freedom plan is not possible.
It provides freedom to trade in all segments at zero cost and that is also for a lifetime. This is to bring more and more traders and investors into the stock market.
Yes, You can get the free plan at any point in time. You can also change it to PRO and Ultimate plans at any point in time.
No, you do not need to give any pricing cheque. The only requirement is to open a Demat account with lifetime AMC charge.
Visit our brokerage calculator link to know all charges regarding trading.
States where online transaction facilities are available, Stamp Duties are charged as per the clients' states. For rest of the states, it will be charged as per the state of UP by default. Please click Link to Download stamp duty charges.
When you place an order which gets traded, it is called an executed order. At WC you don’t pay for placing, canceling or modifying an order.
Yes, you can mix and subscribe up to two trading plans for different segments. This allows you to save money for your convenience. Say you are a heavy NSE, F&O trader but don’t do much trading on MCX products. You can sign up for the Freedom Plan for NSE, F&O and the Pro Plans (Add-Ons) for MCX.
When you place an order over the phone through any of our dealers, we charge an additional charge of Rs 20 as Call & Trade per executed order. If your position is being squared off from our end then Call and trade charge will be applicable.

TRADING PLATFORMS

We are currently providing NSE NOW & NEST, Fox Trader. In NOW software you can trade only NSE & BSE exchanges. In NEST you can trade all segments including MCX. If you wish to trade in all segments like equities & commodities etc, NEST is a perfect match for you as a single terminal for all segments e.g. NSE, BSE & MCX. Also, Fox Trader helps you in taking intelligent trading decisions with its analytical features.
Cover Order is a feature that helps you get more leverage while taking an intraday position. where you have an opportunity to gain from high returns. By placing a cover order, you get to limit your losses by specifying the mandatory stop loss trigger price. While taking an intraday position (which is done at market price), you get to specify the trigger price at the time of taking the position itself. This way the downside risk that would normally be present while taking on a leveraged intraday position is limited by setting the trigger price for the opposite order (square off) at the time of placing the order.
First, Cover Order helps you provide higher leverage while doing intra-day trading. Secondly, it helps you bring discipline into your trading by asking you to place SL order compulsorily thereby limiting your risk or defining your risk in each trade. While higher leverage avails you more trading opportunity, discipline instilled through SL affords you to protect your capital by limiting your losses, in case trade goes against your plan.
Let us assume you wish to take a ‘buy’ position on Nifty based on intra-day movements of Nifty. In case of a simple order, you have exposed to both the upside and downside movement of Nifty, thereby susceptible to significant risk in compensation for possible high returns. In such a scenario, the client is better off by placing a Cover Order instead. This way you can: a. Leverage your ‘buy’ position by a measure of approx four times (depending on the margin). b. Specify a trigger price (which is for the opposite position, in this case – ‘sell’). This trigger price ‘sell’ order gets executed only if the market price of the stock falls below the trigger price set by the user at the time of placing the Cover Order. c. Limit losses to the maximum of the difference between the ‘Buy’ market price and the Stop Loss Trigger price in case of a downside movement of Nifty.
The Cover Order feature has now been extended to NSE, BSE, MCX, and derivatives. Thus you can now leverage your trades in all segments.
A client can either place a Buy Cover Order( Alt+F1) or a Sell Cover Order( Alt+F2). A Buy Cover Order implies buying Nifty, expecting the prices to rise during the day while specifying the trigger price for the sell order in case of a fall in the price. Similarly, a Sell Cover Order implies selling nifty, expecting the Nifty to fall during the day, and at the same time specifying the trigger price for the buy order in case of a rise in the price.
Yes both works at the same time as in Cover order, we have a mandatory stop-loss price you need to place while entering. As buy happens on market price and stop-loss/trigger price remains pending.
We have an option in the Order book to exit the pending stop loss where you need to exit the pending stop-loss/trigger price and position will be squared off and also the pending stop-loss price.
To book profit in a cover order you need to go to Order Book by pressing F 3. Order Book window will display you SL order as a product type CO. Select your order and click Exit ( down right corner of Order Book). Your order will be squared off at a Market Rate. Once the orders have been placed you will be able to see it in your order book.(F 3). Stop Loss once placed in Cover Order cannot be canceled but can only be modified within the range as indicated under trigger Price Range. You will be able to amend the Trigger Price “WITHIN THE RANGE” as indicated at the bottom left corner as Trigger Price Range.

MARGIN POLICY

Futures as such are inherently leveraged which means that to buy X amount of futures you need only a small portion of it called as margin in your account. This margin to buy futures is stipulated by the various exchanges. While trading futures at Wisdom Capital you can use 3 product types: NRML (Normal) & CNC (Cash & Carry) To take position as NRML or CNC (cash & carry) you will need the complete exchange stipulated margin, but once you take a position as NRML you can hold the position till expiry. MIS (Margin Intraday Squareoff) MIS is used by intraday traders as all open positions get squared off before the end of day. But since no position is carried forward overnight the margin required is also lesser than the exchange stipulated margins. At Wisdom Capital we do offer upto 20X leverage in MIS subjected to following terms and conditions depending upon Trading Plans : 1). Upto 10X limit in Cash & 4X limit in Futures is available in Freedom & Pro Plans. 2). Upto 20X limit in Cash & 8X limit in Futures is available with Ultimate Plans. 3). Please Note : 8X Limits is available only above the margin ledger balance of 10000/- and 4X above 5000/- only. If your ledger falls below 10000/- or 5000/- you limit will be decreased to 4 and 2 times respectively from next trading session until it gets increased to required amount again. Margin Plus Orders or CO (Cover orders) Margin Plus or Cover orders is a unique feature where you can trade intraday using market orders but with a definite and compulsory stop loss. Since there is a stop loss placed, the risk of the position reduces and hence the margin required to take it reduces as well. Using cover orders, you can trade futures with lesser margins than NRML and MIS. Presently Cover order facility is available for equity and currency futures only. All the required NRML, MIS and Margin Plus/CO margins are updated on our Equity futures margin calculator, Currency Futures Margin calculator and Commodity futures margin calculator daily. NSE-F&O CURRENCY112 MCX112 NCDEX112
In options, we do provide up to 8X leverage in MIS for shorting under Ultimate Plans & 5times under pro plan. Buying options will have 1-times leverage.
Intraday equity: When you take a trade in equity and square the position off before the end of the day, it is called as intraday equity trading. Since you are not the position overnight, we provide you a margin or leverage of up to 60 times on A Category Shares and stocks those are listed enlisted in F&O. So approx 200 liquid stocks to trade for intraday. This Unique Product has been named as MIS (Margin Intraday Square off). Our margin calculator tool has a list of all stocks and the MIS leverage you get. When you take a trade using product type as MIS, if you don’t exit it on your own it will be auto squared off at 3.20pm by our RMS team. Equity Delivery: When you buy stock and hold it overnight, it is called as delivery trade. At Wisdom Capital, you need to use product type as CNC while placing a trade to take delivery of equity stock. The product type CNC will show up in your order window only if you have a Demat account mapped to your trading account since you would require a Demat to take delivery of the equity that you purchase. We do provide up to 5X leverage in CNC subjected to 18% interest annually. Also, you could use your delivery based shares for intraday margin after Haircut, so it will be approx 70%. NSE-CASH MARGIN

SAFETY OF FUNDS

Wisdom Capital is a Private Limited Company, mainly focused on Indian Equities and Commodities Market. Full name is Wisdom Capital Advisors Pvt Ltd. A pioneer in Discount broking & Online brand of Ashlar Securities Pvt. Ltd (NSE-CM: INB231371833 | NSE-F&O: INF-231371833 | NSE-CDS: INE231371833). Wisdom capital is responsible for promoting discount broking into the Indian market and a pioneer company taking initiative for clients to save their brokerage.
We are into this Industry since 1996.
Mrs. Sudeshna Mukherjee and Mr. Pralay Shankar Chakraborty are Directors/Owner of this Company among others.
We practically keeping our operating cost really low, by operating from a single and centralized office located in Delhi & NCR. This concept is known as ‘Discount Broking’ and very popular in developed Countries.
Equity, F&O, Currency, and Commodities on NSE, BSE, MCX, and NCDEX. Equity –NSE, BSE, Derivatives- NFO, BFO, MCX, NCDEX, CDS in all segments intraday, Delivery Trading.
Wisdom Capital ensures your Safety of funds to its optimum level. Stocks Trading being a SEBI regulated entity, your funds are always kept in a fully segregated account as per SEBI Rules. We are an online unit of Ashlar Securities Pvt. Ltd. Registered in Indian Stock Exchanges NSE-CM: INB231371833 | NSE-F&O: INF-231371833 | NSE-CDS: INE231371833 | MCX-SX: INE261371833 | USE:INE271371833 | BSE: INB011371839 | MCX: MCX/TCM/CORP/0264 | NCDEX: NCDEX/TCM/CORP/0977 | ACEL/TCM/CORP/0224 | ICEX: ICEX/TCM/CORP/0312 | NSEL : 13740 | DP ID -IN303921 | SEBI Regn. No. : IN-DP-NSDL-342-2011 There are many things that are already in place to ensure that your funds are safe, some main points are : (i) Client funds being kept in a separate bank account, known as client’s pool account. A Broker/Sub broker/AP/Franchisee cannot mix client and profunds together in any way. (ii) Investor Protection Fund – There’s an Insurance Policy kept in place amounting 10 Lakh for each trading account, traders do open with various Brokers. This amount is collected from a part of your transaction fees charged by the exchanges to help clients recover losses in case of electronic, systematic or other non-client related failures. This is maintained by the NSE/BSE/MCX.