The Intraday Margins of Wisdom Capital Brokerage is very attractive.
This is very useful for experienced and successful Futures and Options Traders.
Recently, I have opened a new trading account with Wisdom capital for daytrading Nifty Futures and Options.
I chose their PRO PLAN, since I wanted to trade only options.
The brokerage was capped to 9 INR per executed order on options segment.
I opted to open only trading account and linked my existing demat account.
I have activated only the NSE cash and FNO segments.
How to open Wisdom Capital Trading Account ?
As on Sept 2017, Wisdom Capital still do not have the online ekyc account opening facility.
Opening a New trading account with Wisdom Capital Brokerage firm is an semi offline process.
There is no account opening charges with Wisdom Capital.
Account opening Procedure with Wisdom Capital Brokerage:
- First, you need to email a photo of your cancelled cheque, PAN and AADHAR card to Wisdom Capital.
- Email the above documents to email@example.com , with subject as “ACCOUNT OPENING REQUEST”
- After receiving the above email, they send you a pre filled application form to your email.
- You need to print out the pre-filled forms, sign and post it to the below address:
- Wisdom Capital Brokerage,
Executive Online Department,
A- 38, Sector-67, Noida,
Uttar Pradesh (201301).
- They do a verification process through telephone after receiving your signed forms.
- Finally, You will receive the welcome email with your new Trading Client and password.
How long does it take to open your new trading Account with Wisdom Capital ?
After they received my forms through post, it nearly took 2 weeks more before I received my welcome email with the activation details.
Considering the exceptionally good margins they offer, It was definitely worth it.
Been using the Trading account for a week, trading from NEST Platform, almost stress free experience.
How to transfer funds to your trading account with Wisdom Capital ?
After you new trading account is opened and a your trading client ID issued by Wisdom capital.
To transfer funds to your new trading account, you need to open the fund transfer link on wisdom capital website
Enter your new Client ID on the above page , the rest of the details will be automatically populated.
After successful transfer, you can either use the LIVE web-chat on wisdom capital website to let them know you have transferred the funds.
They double check the transfer and add the funds to your trading account in about 5 minutes.