Some Clarification : Wisdom Capital

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#1
Hello Guys,

It has came to our notice that some hooligans are spreading rumors about my company Wisdom Capital Advisors Pvt Ltd.
I would like to make it clear that I am owner of this company with 90% capital share to my credit. Nobody else is creator of this company rather than me.

We are not involved in any kind of cheating or fraud with a single person. Without specific proofs if some one will try to tarnish our image he will be dealt with severely under the very law of cyber crime of IPC.

We are working hard to explore new ideas for traders community, which otherwise, never could have imagined. Indeed our vision is clear and don't required further testimony from others. We have introduced traders community to Unlimited exposures/Unlimited Monthly/ Yearly & Lifetime Trading plans without any hidden charges. Amongst discount brokers we are charging least account opening charges of 112.6/-

Now working for free Trading account/Lifetime Demat account, lesser turnover & stamp duties etc. Very soon we will announce such things to you guys. Also once everything will be in place we will own an official thread here in Traderji.

But before that we have to take utmost care to clear & clean this Traderji forum from some dirty creatures who are continuously creating defamation against us combined.

Earlier we had decided not to pay heeds to them instead to improve our services further. But things have reached to extreme conditions and we have already initiated legal action. And our utmost intention is to punish culprits.

Thanks for reading my post.

regards
Sudeshna Mukherjee
Director
Wisdom Capital Advisors Pvt Ltd
www.wisdomcapital.in
 

manishchan

Well-Known Member
#2
Thanks for coming out and speaking clearly. There have been lots of confusion especially to those who want to associate themselves with Wisdom Capital but hesitated because of the negative posts (me included :) ).

There are, however, some questions still unanswered. It would be great if you can clarify a few things.

1. What is your (Wisdom Capital) connection with Alice Blue ? I requested for account opening form but all the forms have Alice Blue indicated on it.

2. Some of the posts as (you are aware) also indicated that Wisdom Capital is not a registered franchise. Since as a small trader, I have no source to figure this out, I would appreciate if you can throw some lights around this.

3. There are also some speculative posts that says as per NSE guidelines, a broker can't have same margins for F&O and MCX. What's your views on this please ?

4. What about the risk that your company would be under considering the kind of margin exposure you are providing. While this is a great boon for some people, others feel it is unhealthy for the broker especially in critical times such as freak trading, circuit break etc. This makes some of us doubtful about existence of this in long run.

Thanks in advance for clarifying these things and hope you or one of representative keeps this thread active to answer queries like some of the brokers have here (Zerodha, RKSV). Those threads are very helpful to the existing customers as well as the new ones. :)

Hello Guys,

It has came to our notice that some hooligans are spreading rumors about my company Wisdom Capital Advisors Pvt Ltd.
I would like to make it clear that I am owner of this company with 90% capital share to my credit. Nobody else is creator of this company rather than me.

We are not involved in any kind of cheating or fraud with a single person. Without specific proofs if some one will try to tarnish our image he will be dealt with severely under the very law of cyber crime of IPC.

We are working hard to explore new ideas for traders community, which otherwise, never could have imagined. Indeed our vision is clear and don't required further testimony from others. We have introduced traders community to Unlimited exposures/Unlimited Monthly/ Yearly & Lifetime Trading plans without any hidden charges. Amongst discount brokers we are charging least account opening charges of 112.6/-

Now working for free Trading account/Lifetime Demat account, lesser turnover & stamp duties etc. Very soon we will announce such things to you guys. Also once everything will be in place we will own an official thread here in Traderji.

But before that we have to take utmost care to clear & clean this Traderji forum from some dirty creatures who are continuously creating defamation against us combined.

Earlier we had decided not to pay heeds to them instead to improve our services further. But things have reached to extreme conditions and we have already initiated legal action. And our utmost intention is to punish culprits.

Thanks for reading my post.

regards
Sudeshna Mukherjee
Director
Wisdom Capital Advisors Pvt Ltd
www.wisdomcapital.in
 

TradeJoker

Well-Known Member
#3
pls edit ur post

Hello Guys,

It has came to our notice that some hooligans are spreading rumors about my company Wisdom Capital Advisors Pvt Ltd.
I would like to make it clear that I am owner of this company with 90% capital share to my credit. Nobody else is creator of this company rather than me.

We are not involved in any kind of cheating or fraud with a single person. Without specific proofs if some one will try to tarnish our image he will be dealt with severely under the very law of cyber crime of IPC.

We are working hard to explore new ideas for traders community, which otherwise, never could have imagined. Indeed our vision is clear and don't required further testimony from others. We have introduced traders community to Unlimited exposures/Unlimited Monthly/ Yearly & Lifetime Trading plans without any hidden charges. Amongst discount brokers we are charging least account opening charges of 112.6/-

Now working for free Trading account/Lifetime Demat account, lesser turnover & stamp duties etc. Very soon we will announce such things to you guys. Also once everything will be in place we will own an official thread here in Traderji.

But before that we have to take utmost care to clear & clean this Traderji forum from some dirty creatures who are continuously creating defamation against us combined.

Earlier we had decided not to pay heeds to them instead to improve our services further. But things have reached to extreme conditions and we have already initiated legal action. And our utmost intention is to punish culprits.

Thanks for reading my post.

regards
Sudeshna Mukherjee
Director
Wisdom Capital Advisors Pvt Ltd
www.wisdomcapital.in
 
#5
Its truly said that a dog's tail can never be straight. Same applies to wisdom capital.

Few points to share to all:
1. WC is cheater wing of Alice blue. AB is doing all sorts of malpractice in name of WC. Thats why WC is unregistered sub-broker.

2. Who gave licence to WC to open trading account. Who gave permission todo trading business in india to WC. None.... So they don't follow any rules/regulation laid by NSE/sebi.

3. WC is run by few fresher guy and they are just there for account opening queries to get customer.
It means if anyone is opening account and if getting any issues/problem in trading,ledger account then they will never solve.
If you ask for opening demat account then they don't know what docs required & how to open demat account.
In total WC guys are only aim to get customer to get their referral to earn referral commission. They are useless nonsense if anyone is getting any kind of problems.
They even don't respond to problem mail since they don't provide any service except opening trading account.

4. Since they are unregistered & don't follow NSE rules & regulations so after opening account they don't send docs like KYC, practice guidelines, member agreement contract etc to customer.

5. Every broker should have problems resolution mechanism but neither WC nor AB has. So for every problem customer has to suffer. They are not responsible for any resolution.
If very serious problem occur then either customer has to approach NSE or bear/hang himselve but they will not solve.

6. Since they do lots of malpractice with customer accounts, so stating problems below
A. If anyone buying share script for delivery(inter-day) then your script have to deposited into demat account on T2 days but this never happening. They keep with themselves and will misuse your taken script for their benefit.
B. Misuse like, they will sell your script without your consent.
C. They will put unnecessary debit into ur ledger account and will sell ur script stating that since u have debit in ur account so they sold.
D. They are so bad people that don't ever inform to customers either by email,phone call or text msg. They are top most miser also.
E. If anytime auction settlement happening then they won't send you auction settlement contract and charge any big amount to ur ledger. They won't inform you of debit and will sell secretly all ur gilded share script.
That's what they make money and loot customers. So I wish that God should punish these creatures and eliminate them(WC & AB boss) from earth as early as possible.

Therefore please think 1000 times before opening any account with WC/AB.

People should analyze themselves that they are here for quite number of years but why they are at bottom among all brokers?
 
#7
Its truly said that a dog's tail can never be straight. Same applies to wisdom capital.

Few points to share to all:
1. WC is cheater wing of Alice blue. AB is doing all sorts of malpractice in name of WC. Thats why WC is unregistered sub-broker.

2. Who gave licence to WC to open trading account. Who gave permission todo trading business in india to WC. None.... So they don't follow any rules/regulation laid by NSE/sebi.

3. WC is run by few fresher guy and they are just there for account opening queries to get customer.
It means if anyone is opening account and if getting any issues/problem in trading,ledger account then they will never solve.
If you ask for opening demat account then they don't know what docs required & how to open demat account.
In total WC guys are only aim to get customer to get their referral to earn referral commission. They are useless nonsense if anyone is getting any kind of problems.
They even don't respond to problem mail since they don't provide any service except opening trading account.

4. Since they are unregistered & don't follow NSE rules & regulations so after opening account they don't send docs like KYC, practice guidelines, member agreement contract etc to customer.

5. Every broker should have problems resolution mechanism but neither WC nor AB has. So for every problem customer has to suffer. They are not responsible for any resolution.
If very serious problem occur then either customer has to approach NSE or bear/hang himselve but they will not solve.

6. Since they do lots of malpractice with customer accounts, so stating problems below
A. If anyone buying share script for delivery(inter-day) then your script have to deposited into demat account on T2 days but this never happening. They keep with themselves and will misuse your taken script for their benefit.
B. Misuse like, they will sell your script without your consent.
C. They will put unnecessary debit into ur ledger account and will sell ur script stating that since u have debit in ur account so they sold.
D. They are so bad people that don't ever inform to customers either by email,phone call or text msg. They are top most miser also.
E. If anytime auction settlement happening then they won't send you auction settlement contract and charge any big amount to ur ledger. They won't inform you of debit and will sell secretly all ur gilded share script.
That's what they make money and loot customers. So I wish that God should punish these creatures and eliminate them(WC & AB boss) from earth as early as possible.

Therefore please think 1000 times before opening any account with WC/AB.

People should analyze themselves that they are here for quite number of years but why they are at bottom among all brokers?
WELL soching topic ,,,,,wc answer this ques.......kaha gayo..:clap::clap::clap::rofl::rofl:
 

ram2010

Well-Known Member
#8
Thanks for coming out and speaking clearly. There have been lots of confusion especially to those who want to associate themselves with Wisdom Capital but hesitated because of the negative posts (me included :) ).

There are, however, some questions still unanswered. It would be great if you can clarify a few things.

1. What is your (Wisdom Capital) connection with Alice Blue ? I requested for account opening form but all the forms have Alice Blue indicated on it.

2. Some of the posts as (you are aware) also indicated that Wisdom Capital is not a registered franchise. Since as a small trader, I have no source to figure this out, I would appreciate if you can throw some lights around this.

3. There are also some speculative posts that says as per NSE guidelines, a broker can't have same margins for F&O and MCX. What's your views on this please ?

4. What about the risk that your company would be under considering the kind of margin exposure you are providing. While this is a great boon for some people, others feel it is unhealthy for the broker especially in critical times such as freak trading, circuit break etc. This makes some of us doubtful about existence of this in long run.

Thanks in advance for clarifying these things and hope you or one of representative keeps this thread active to answer queries like some of the brokers have here (Zerodha, RKSV). Those threads are very helpful to the existing customers as well as the new ones. :)

Pls answer all the queries raised ,since many traders were waiting for clarification before opening account,

and take the legal action against the culprits.
 
#9
1. What is your (Wisdom Capital) connection with Alice Blue ?
We wanted to have some dicounted plans for our active trader’s group and Alice blue wanted to do Marketing in North India without disturbing their Branch based offline model in South India. I am Regional head of Aliceblue and all accounts being opened under discounted plans have some role of me in it. I had responsibility to acquire clients without spoiling their existing clients in south India. Which I did upto a great extent. Now Alice Blue is having approx 5000 clients and highest turnover player in Commdoties in some specific states .

2. Some of the posts as (you are aware) also indicated that Wisdom Capital is not a registered franchise. Since as a small trader, I have no source to figure this out, I would appreciate if you can throw some lights around this.
Being regional head all activities are being happening in my supervision thus your account is directly under the care of Aliceblue. Registration of WC is thus immeterial here. However we are now really considering to look beyond AB to explore some other things at our own. Free demat account for lifetime/free trading account/least taxes and prompt demat account opening (within 4hours) are main objects now.
3. There are also some speculative posts that says as per NSE guidelines, a broker can't have same margins for F&O and MCX. What's your views on this please ?
I am fully aware of it. But without violating rules & regulations in place we could do it. For that we are requesting our clients to divide their funds in NSE & MCX. As we are providing unlimited exposures, it seems that its a single ledger but the losses incurred in a particular segment being debited from that segment only thus we are not violating anything.
4. What about the risk that your company would be under considering the kind of margin exposure you are providing. While this is a great boon for some people, others feel it is unhealthy for the broker especially in critical times such as freak trading, circuit break etc. This makes some of us doubtful about existence of this in long run.
We have invested in time and techology to make our RMS system is place. We have three layer observation systems to secure funds. On 70% M2M intraday losses your positions will be squared off automatically. For the last one year we have done this without any failure.
Thanks in advance for clarifying these things and hope you or one of representative keeps this thread active to answer queries like some of the brokers have here (Zerodha, RKSV). Those threads are very helpful to the existing customers as well as the new ones. :)
For sponsored thread we are in touch of Traderji, and it is likely to take place by June end.
 
#10
Since these questions were raised by forum members several times, I have replied.

However as it is not a sponsored thread, we would like to request Traderji Mods to closed the thread. Also Myself or our staffs are not going to participate in such threads in futures until it will be a sponsored one.

regards
 
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