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 protected] , 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).
  Telephone: 01206633279
• 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

http://fundtransfer.wisdomcapital.in:9002/fundtransfer.aspx

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.