Wisdom Capital : Free Trade & Investment Zone.

[Wisdom Capital]

If I am subscribed to professional plan of 9 Rs / lot.. is margin against share given?
2. is the margin against share given without pledging shares and or without moving from my DP like how big brokers provide?
3. can i use margin against shares to take fresh delivery in cash

awaiting reply

Regards

Dear sir,

The answer is 'yes' for all your queries.



regards

 

[MonyFx]

Hello WC,

On your website FAQ, the stamp duty is 100/crore for all. In that case how would an intraday trader benefit if its not maxed out/day as in most states. Its as good as paying high brokerage for each trade by traders who trade high-vol & high-freq!

Why is NOT your stamp duty structured as per states?
as industry norm it should!

 

[Wisdom Capital]

Hello WC,

On your website FAQ, the stamp duty is 100/crore for all. In that case how would an intraday trader benefit if its not maxed out/day as in most states. Its as good as paying high brokerage for each trade by traders who trade high-vol & high-freq!

Why is NOT your stamp duty structured as per states?
as industry norm it should!

Stamp duty is being charged statewise.

Our new website is under development phase and shall be available by next couple of weeks.

regards

 

[passion]

WC,

My previous post was "If I am subscribed to professional plan of 9 Rs / lot.. is margin against share given?
2. is the margin against share given without pledging shares and or without moving from my DP like how big brokers provide?
3. can i use margin against shares to take fresh delivery in cash

awaiting reply

Regards"

to which your reply was yes to all....

I would like to know following further clarification and please answer para wise (plan under consideration is 9/lot and 9999)

1. Do you provide margin for taking fresh position in Cash against shares in DP without pledging or moving them away from my dp?

2. what is the margin provided (3x or 4x or 5x) and what is the rate of interest?

3. From when is the interest applicable T+2 or T+7?

4. Are there any subscription fee monthly / yearly for availing margin?.


awaiting reply

Regards

 

[Wisdom Capital]

WC,

My previous post was "If I am subscribed to professional plan of 9 Rs / lot.. is margin against share given?
2. is the margin against share given without pledging shares and or without moving from my DP like how big brokers provide?
3. can i use margin against shares to take fresh delivery in cash

awaiting reply

Regards"

to which your reply was yes to all....

I would like to know following further clarification and please answer para wise (plan under consideration is 9/lot and 9999)

1. Do you provide margin for taking fresh position in Cash against shares in DP without pledging or moving them away from my dp?

2. what is the margin provided (3x or 4x or 5x) and what is the rate of interest?

3. From when is the interest applicable T+2 or T+7?

4. Are there any subscription fee monthly / yearly for availing margin?.


awaiting reply

Regards

Dear sir,

Para-wise reply given :-

I would like to know following further clarification and please answer para wise (plan under consideration is 9/lot and 9999)

1. Do you provide margin for taking fresh position in Cash against shares in DP without pledging or moving them away from my DP?

Yes we do offer only if POA is signed. without POA No limit will be provided.


2. what is the margin provided (3x or 4x or 5x) and what is the rate of interest?

(i) Equity Cash Intraday : Upto 40X

(ii) Equity Delivery : Upto 5X

(iii) Equity Futures & Options Writing Intraday : Upto 10X


3. From when is the interest applicable T+2 or T+7?

(i) Interest will be charged on debit balance @ 18% p.a.

(ii) Interest will be applicable after T+2


4. Are there any subscription fee monthly / yearly for availing margin?.

(i) There is no monthly or yearly charges for availing these plans

 

[timepass]

Right, the brokerage calculator is not working. Check the following images with the figures in red boxes. In Image 1, buy @150, sell @151 shows total profit -11.46 (which must be wrong). In image 2, buy @150 sell @152 shows the same figures. Also, it doesn't accept figures in decimals like 151.5, 152.15 etc.

Image 1

Image 2

 

[Wisdom Capital]

Right, the brokerage calculator is not working. Check the following images with the figures in red boxes. In Image 1, buy @150, sell @151 shows total profit -11.46 (which must be wrong). In image 2, buy @150 sell @152 shows the same figures. Also, it doesn't accept figures in decimals like 151.5, 152.15 etc.

Recently we have changed our website from http:// to secured https:// hence we are experiencing some errors.

Being corrected on priority.

However thanks for informing us.

regards

 

[timepass]

Recently we have changed our website from http:// to https:// hence we are experiencing some errors.

Being corrected on priority.

However thanks for informing us.

egards

Ok. Please let us know when it is done.

BTW, the plans are still a bit confusing for me. Basically, how much does one have to pay for the 20x leverage ?? Looks like one can trade NF for <Rs.5000

 

[Wisdom Capital]

Ok. Please let us know when it is done.

BTW, the plans are still a bit confusing for me. Basically, how much does one have to pay for the 20x leverage ?? Looks like one can trade NF for <Rs.5000

Sir,

For higher leverages you can avail Pro plans @ Rs 9/Trade.

regards

 

[timepass]

Sir,

For higher leverages you can avail Pro plans @ Rs 9/Trade.

regards

So it is Rs. 9 per trade for equities too ? Even if I trade smaller quantity ?