Wisdom Capital : Free Trade & Investment Zone.

[Wisdom Capital]

I don't think you answered my question. I know that stamp duty is charged as per client's state. most of the informed traders know that I guess. Every broker charges stamp duty as per state it's not only you who is doing something special. You are here to help and answer what people ask. If you are not allowed say I am not allowed to answer this, or you can say right now I do not have the details, as get I will post, like this hope you understand.

Stamp Duty is supposed be a fix std per state, there should be clear computation on that.

I also used to think that way but one broker charged me too much more than the brokerage.

Sir,

We are charging Stamp duty as per the ANMI (Association of National Exchange members of India) guidelines. You can check it further here :- http://www.anmi.in/index.php/information

regards

 

[mark8tune]

Sir,

We are charging Stamp duty as per the ANMI (Association of National Exchange members of India) guidelines. You can check it further here :- http://www.anmi.in/index.php/information

regards

This is something I was expecting from you.

Thanks

 

[bpr]

Sir,

We are charging Stamp duty as per the ANMI (Association of National Exchange members of India) guidelines. You can check it further here :- http://www.anmi.in/index.php/information

regards

the values seems to be wrong..
e.g for odisha it should 0.005% max 50 but it is mentioned 0.002%.
I think other states wrong figure as well...
can you clarify whats going on ?

 

[Wisdom Capital]

the values seems to be wrong..
e.g for odisha it should 0.005% max 50 but it is mentioned 0.002%.
I think other states wrong figure as well...
can you clarify whats going on ?

Dear sir,

It is not decided by the management of Wisdom Capital rather the guidelines have been issued by Association of National Exchange members of India short-named ANMI and all exchange members are supposed to follow this. If a broker bypassing some authoritative rules & regulations, it can't be taken as granted. If still doubt persists you may approach ANMI directly. Their web address is as follows :-

http://www.anmi.in/

 

[Wisdom Capital]

Considering the importance of speed of trading terminal we have hosted our new servers for NEST (EXE & html5) at Omnisys data centre. This is apart from our in-house servers for ODIN software. This gonna reduce load in servers for sure.

We pride ourselves in announcing that our Trading Terminal is fastest among discount brokers in India. Hope our endeavour to offer error free Trading Terminal will satiate the very requirement of active Traders Community.

 

[timepass]

What are you doing today about leverages/bracket orders ?

What are your policies for high volatile days ?

 

[iTrade]

I saw wisdom is offering 40X as per their webpage. So I called up to confirm. A lady named anusingh got me totally confused. She said "Yes, but after todays market crash we cannot give guarantee of 40X". I asked what does that mean? She said " Yes sir , we are providing 40x but we cannot assure in future". I hanged up and thought should get a clarification here. I need more leverage for intraday equity segment without bracket or cover order. Can you pls shed more light on the 40x leverage thing?

 

[iTrade]

I saw wisdom is offering 40X as per their webpage. So I called up to confirm. A lady named anusingh got me totally confused. She said "Yes, but after todays market crash we cannot give guarantee of 40X". I asked what does that mean? She said " Yes sir , we are providing 40x but we cannot assure in future". I hanged up and thought should get a clarification here. I need more leverage for intraday equity segment without bracket or cover order. Can you pls shed more light on the 40x leverage thing?

Update: I got a callback again (maybe after posting my query here), and this time a senior spoke. So the final word is that even "without" cover order WC is offering 40X margin for equity segment. That is good news for me

 

[iTrade]

The brokerage and marggin listed on your website is not consistent. The brokerage plan individual pages have different brokerage (for example http://wisdomcapital.in/brokerage-plan/ultimate-plan/ has brokerage 0.007%) and the same plan on comparison page has 0.005. Same is the case for other plans. Even the intraday margins, charges are different on the plan specific pages compared to what is listed on the comparison page (http://wisdomcapital.in/pricing-plans/compare-brokerages/)
This is very confusing.
Also, I think you should write your SEBI registration number in the footer so that is it visible to all new and existing clients. Just a suggestion.

 

[timepass]

I have been scratching my head about their brokerage + leverage policies, even though I visited their website umpteen times

The brokerage and marggin listed on your website is not consistent. The brokerage plan individual pages have different brokerage (for example http://wisdomcapital.in/brokerage-plan/ultimate-plan/ has brokerage 0.007%) and the same plan on comparison page has 0.005. Same is the case for other plans. Even the intraday margins, charges are different on the plan specific pages compared to what is listed on the comparison page (http://wisdomcapital.in/pricing-plans/compare-brokerages/)
This is very confusing.
Also, I think you should write your SEBI registration number in the footer so that is it visible to all new and existing clients. Just a suggestion.