Reviews of Stock Brokers

Wisdom Capital

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Wisdom Capital, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Wisdom Capital founded in 2013 by Deb Mukherjee is a Private company headquartered in Noida, Uttar Pradesh, India India. As a Discount Broker, Wisdom Capital aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Wisdom Capital operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewWisdom Capital
Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterNoida, Uttar Pradesh, India
FoundersDeb Mukherjee
Foundation Year2013
Supported ExchangesBSE, NSE, MCX, NCDEX
Total branches250

Wisdom Capital Account opening charges

To begin trading with Wisdom Capital, you need to open a trading account and a Demat account. Wisdom Capital charges Zero for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of lifetime 0Rs 999 + taxes for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesWisdom Capital
Trading Account Opening ChargesZero
Demat AMC (Annual Maintenance Charges)lifetime 0Rs 999 + taxes
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero
Offline to Online ChargesYes

Wisdom Capital Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Wisdom Capital brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesWisdom Capital
Equity Delivery Brokerage0.01%
Equity Intraday Brokerage0.01%
Equity Futures BrokerageRs 9 Per Order
Equity Options BrokerageRs 9 Per Order

Currency Brokerage Charges

Currency Brokerage ChargesWisdom Capital
Currency Futures BrokerageRs 9 Per Order
Currency Options BrokerageRs 9 Per Order

Commodity Brokerage Charges

Commodity Brokerage ChargesWisdom Capital
Commodity Options BrokerageRs 9 Per Order

Wisdom Capital Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesWisdom Capital
Minimum Brokerage ChargesZero
Transaction Brokerage Charges0.00300%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 20 per executed order

Wisdom Capital Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Wisdom Capital:

Equity LeverageWisdom Capital
Equity DeliveryUpto 2x
Equity IntradayUpto 20x 0MIS, BO & CO
Equity FuturesUpto 4x MIS, BO & CO | Trade Nifty & Bank Nifty @ 40000 approx
Equity OptionsUpto 4x MIS, BO & CO

Wisdom Capital Currency Leverage

Currency LeverageWisdom Capital
Currency FuturesUpto 4x
Currency OptionsUpto 4x

Wisdom Capital Commodity Leverage

Equity LeverageWisdom Capital
CommodityUpto 4x MIS, BO & CO

Wisdom Capital Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersWisdom Capital
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Wisdom Capital Features

FeaturesWisdom Capital
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 4x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Wisdom Capital Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesWisdom Capital
Fundamental ReportsYes
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Wisdom Capital Trading Platforms

The Wisdom Capital trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Wisdom Capital Trading Platforms

Desktop Trading PlatformsWisdom Capital
Desktop BrowserYes

Wisdom Capital Mobile App

The Wisdom Capital mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppWisdom Capital
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Wisdom Capital Web Trading

For web-based trading, Wisdom Capital offers a powerful trading website known as Wisdom Capital trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Wisdom Capital Trade Terminal

Wisdom Capital offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Wisdom Capital Customer Support

Customer SupportWisdom Capital
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberYes
Support Branches0

Wisdom Capital Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Wisdom Capital.

BSE ComplaintsWisdom Capital
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints0
NSE Resolved Complaints0
Percentage of resolved NSE complaintsNaN %
BSE/NSE Complaint vs. Resolved PercentageNaN %


In conclusion, Wisdom Capital offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Wisdom Capital can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.