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 support@wisdomcapital.in , 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.