Wisdom Capital Intraday Trading – Benefits, Process, Charges, Margin & more

This article intends to provide you detailed information about the Intraday Trading feature of Wisdom Capital Services. Wisdom Capital Intraday Trading is a very renowned feature that the company boasts of and is extremely popular among the traders for their world class services.

Wisdom Capital is a seasoned Discount Broker and a pioneer in the Online trading services industry. They launched their online trading services early and ever since, it has been a big hit among the traders.

They proudly host a satisfied customer base of over 15000 happy customers and more than 1000 franchise outlets across India.

Wisdom Capital is known in the industry for its wide range of products and services.. They are also very famous for their Free Brokerage Freedom plans wherein they have zero brokerage on various segments.

In this article we shall discuss more about the Wisdom Capital Intraday Trading facility and what types of benefits you can get from them as a customer.

We shall discuss in detail about their trading accounts and procedure, their brokerage and other related charges. This would surely enable you to take a calculative decision for your trading journey.

Wisdom Capital Intraday Trading & Benefits

Wisdom Capital, as a broker, certainly provides you some facilities which are way above other competitors.

In their Intraday Trading segment as well, you have a lot to benefit. Hence, if you wish to start your Wisdom Capital Intraday Trading journey, you can refer to some of the benefits you could get from them:

• Free Trading & Demat Accounts: This is one broking house which provides absolutely free trading as well as Demat Account option; you don’t have to pay a single penny for the activation of your Demat and Trading accounts with them.
• Lowest Brokerage in the Industry: Wisdom Capital claims to provide the lowest brokerage in the industry. They have their Freedom plans that offer Zero Brokerage and they also have their professional Plans that have a flat brokerage scheme for customers. Hence you end up saving a lot of money through these offers.
• Wide Range of products: This is one more added advantage with Wisdom Capital that they offer all types of financial products from Equity to Mutual Funds, IPOs to Insurances and much more.
• Portfolio Management Services: Wisdom Capital provides best in Class Portfolio Management services approved by SEBI guidelines; with this benefit, you can be rest assured that your investments are in safe hands, and the Wisdom Capital Intraday Tips are an add on.

Open Wisdom Capital Trading Account Now! – Fill up the Form

How to do Intraday Trading in Wisdom Capital?

Intraday Trading is not something that a new entrant in stock broking would jump into as it involves a lot of understanding of the stock market and accordingly one needs to invest.

However Intraday Trading in Wisdom Capital is very easy and risk free as they help you very closely during your transactions and also equip you with all the relevant knowledge and tips required to trade.

Opening a Wisdom Capital Trading Account is also a very simple task; it involves some basic steps that you need to follow.

Wisdom Capital Intraday Trading Process

1. Click on “Open Demat Account’ button on this page and you will be directed to the pop up, which would direct you to a company’s executive.
2. Here, you need to enter all your details accurately including your contact details.
3. Ensure that you fill all these details accurately as changing them later may be cumbersome.
4. Once you enter all these details and click “Submit”, an executive will take over the process of account creation, and guide you accordingly. You need to upload your KYC documents in between the process.
5. KYC documents may include your Adhaar Card, PAN Card, address proof, photographs, and age proof as well.
6. A Wisdom Capital executive will call you shortly to get the verification & validation done. On successful completion of the verification process, your account Id will be generated and you will receive your username and password via email.
7. You can get started immediately after receiving your Account ID details.
8. Click on the Intraday Trading or Day Trading Option, select the Stock options that you want to trade in, and select the option of transaction – “Buy / Sell” shares.
9. These are the simple steps if you want to get started with Intraday trading. You could also create your watchlist of stocks and wait for some stock recommendations or tips from the Wisdom team before you get started.

Know more about other Intraday Trading Brokers

Wisdom Capital Intraday Charges

Wisdom Capital Intraday Brokerage is considered to be the lowest in the industry. While they also have fixed brokerage plans that one can opt for depending upon their usage; but their standard brokerage for Intraday Trading is 0.01% irrespective of what your trade amount is.

There are a few other Wisdom Capital Intraday charges as well that you might need to pay during your trades as they are added upon by the authorities.

• Transaction charge
• Securities Transaction tax or STT
• Stamp Duty
• SEBI Turnover Charge
• GST

The above list of charges must have intimidated you; however, it is not something to get afraid of. While these look like really extra expenditure over and above the brokerage, they actually are minuscule charges which hardly add up to any amount

Assume you have 200 shares in Assam at a Cost price of Rs.5 per share. This means that you have invested Rs.10,000 to buy these shares.

Now, you notice Sell prices goes up to Rs.10, you decide to Sell them off and you get Rs.20,000 in return. This rounds up your profit as Rs.10,000 and Turnover to Rs.30,000. Charges would be as follows:

• Brokerage: Rs.1.50
• STT: Rs.0.378
• SEBI Turnover charge: Rs.0.006
• Stamp Duty: Rs.0.540
• Transaction Charges: Rs.0.105
• GST: Rs.0.289
• Total Brokerage (inclusive all charges): Rs.2.818
• Total Profit: Rs.997.182

Hence, your brokerage amount and other charges only contribute to max 0.02% of your total trade.

Wisdom Capital Intraday Margin

Intraday Margin is also something which is an exciting feature for traders. This is a loan limit that the company provides to the customers in lieu of the Margin money that they have deposited.

This is highly beneficial in times where the customer wants to purchase some shares which he feels are prospective buys but is unable to arrange the required funds.

That is the time when he can borrow the leverage amount or exposure amount from the company in lieu of his Margin money.

The Wisdom Capital Intraday Limit is 20 times of the Margin money you have deposited and it is by far, the highest available exposure given by any stock broking company to any intraday trader.

This means that if you have deposited Rs.10,000 as your Margin Money, you can borrow up to 2Lacs from the company as Wisdom Capital Intraday Margin.

Find out Intraday Trading Details of other Stock Brokers

Wisdom Capital Trading – Types

Wisdom Capital has launched some advanced technology trading tools and platforms for the benefit of their customers.

They have tools for all segments of Wisdom Capital Trading– NEST Trader for their Desktop Users, WISDOM TRADE for their Web Based users and WISDOM PRO for people who prefer to trade via mobile Apps.

These highly advanced Wisdom Capital Online Trading tools enable customers to easily trade with Wisdom Capital anytime and from anywhere

Wisdom Capital Intraday Trading – Conclusion

Wisdom Capital Intraday Trading is highly beneficial and risk free service that any trader could get. Their robust trading platforms and highly intuitive analysts team helps customers throughout in their trading transactions and make their trading experience enjoyable.

Open Wisdom Capital Trading Account Now! – Fill up the Form

Know in detail about Intraday Trading of other brokers

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