Wisdom Capital : Free Trade & Investment Zone.

[gargtrader]

How much margin required for o

How much Margin Required to Sell one lot Otm Nifty weekly option (intraday) if i opt for PRO plan??

16 to 17 thousand approx

 

[gargtrader]

Can i trade in forex segment.

 

[Blackhole]

Opened my account last week. NEST terminal with wisdom is smooth.
So far no issues.

I got 15X leverage after agreeing to their terms. But today i could see that my leverage only 10X ( probably a temporary measure because of volatility i guess ) .

what are the conditions????…..I believe they charge per lot for the same instead of per transaction???.....so for people whos trade 100 / 500 lots @ a time???? what are the conditions and benefits apart from leverage? thanks

 

[Blackhole]

@ WISDOM CAPITAL::: DOES FOXtrader allows to sell or buy within a range say...I decide to sell bnf 27500ce @ or within a range of 50 to 55 rs 100 lots...does it support such orders?

 

[Wisdom Capital]

Can i trade in forex segment.

Forex trading is not available.
However, you can trade in currency derivative segment.

 

[velms]

what are the conditions????…..I believe they charge per lot for the same instead of per transaction???.....so for people whos trade 100 / 500 lots @ a time???? what are the conditions and benefits apart from leverage? thanks

wisdom is very flexible with leverage .. but higher the leverage , brokerage per lot will also be higher
i actually opened an account hoping for 7rs per lot and 15X leverage .. was not using leverage because of geopolitics for the last 1 week and they reduced my leverage to 10X

later they convinced me that they cant run their business with 7rs per lot .. now my brokerage is 10rs per lot for 15X leverage instead of 7rs ..
this happened in the first week itself , so we need to be bit careful and should be clear about eveything before opening the account ..

other than that RM gave me another option , like we can get a fixed amount of funding on monthly basis on interest with zero brokerage ( cant take overnight f&o postions though ) ..

 

[singhji]

what are the conditions????…..I believe they charge per lot for the same instead of per transaction???.....so for people whos trade 100 / 500 lots @ a time???? what are the conditions and benefits apart from leverage? thanks

Same problem with me so i had make a call to customer care and issue now resolved.

 

[Wisdom Capital]

@ WISDOM CAPITAL::: DOES FOXtrader allows to sell or buy within a range say...I decide to sell bnf 27500ce @ or within a range of 50 to 55 rs 100 lots...does it support such orders?

Yes, you can do.

 

[rohit.sukla]

Wisdom Capital very popular discount broker in india and their brokerage is very less then other regular brokers also their day leverage is very high. Other share brokers provide high brokerage and also their leverage is very low.

 

[Blackhole]

wisdom is very flexible with leverage .. but higher the leverage , brokerage per lot will also be higher
i actually opened an account hoping for 7rs per lot and 15X leverage .. was not using leverage because of geopolitics for the last 1 week and they reduced my leverage to 10X

later they convinced me that they cant run their business with 7rs per lot .. now my brokerage is 10rs per lot for 15X leverage instead of 7rs ..
this happened in the first week itself , so we need to be bit careful and should be clear about eveything before opening the account ..

other than that RM gave me another option , like we can get a fixed amount of funding on monthly basis on interest with zero brokerage ( cant take overnight f&o postions though ) ..

@ wisdom capital ...please clarify this????…….. u guys do not provide any other free trading software like others.....all of them have multiple free trading options and can be used together.....that's good when one is down or not working + brokerage is very less ...but in ur case if v trade multiple lots on leverage ...brokerage increases...say with same capital I can trade with 20/- in zero /Samco/upstox / 9 in sasin for same u guys would charge 70 and in case of 15 times it will be 105 + taxes....

if we do not go for leverage then finvasia is free


@ velms
thanks!....one more friend of mine told the same story along with backoffice accounting issues....hope now they might have resolved this...

@wisdom ...please clarify the above points