Wisdom Capital Brokerage Plans – Charges, Margin, Benefits & more

Wisdom Capital Brokerage Plans – Charges, Margin, Benefits & more

Wisdom Capital Brokerage Plans & Charges: Wisdom Capital offers 3 brokerage plans suitable for various traders in the market, namely – Freedom Plan, Pro Plan, and Ultimate Plan. The Zero Brokerage Freedom Plan allows traders unlimited trade access on the online platform with no minimum fee.

The other plans – Pro and Ultimate plans are add-on plans which allow the most seasoned traders to access the highest margins and competitive tools required for trading stocks and commodities.

In this article, we will discuss the offerings of the Wisdom Capital Brokerage plans and will review them so that they will help you to decide to opt for them or not. Check Wisdom Capital website.

Wisdom Capital Brokerage Plans

Wisdom Capital, being one of the top discount brokers in India, offers the best online and offline trading plans in stocks, futures & options, and currency on both NSE and BSE. Additionally, Wisdom Capital offers commodity trading on MCX and NCDEX.

Let’s see what are the brokerage charges each of the three plan have –

Brokerage PlansFreedom PlanPro PlanUltimate Plan
Account OpeningFreeFreeFree
ValidityLifetimeLifetimeLifetime
Brokerage in NSE EquitiesZERO (0.00%)0.005% Intraday &
Delivery
0.007% Intraday &
Delivery
Brokerage in NSE FutureZERO (0.00%)Rs 9/TradeFuture:0.005%
Brokerage in OptionsZERO (0.00%)Rs 9/TradeOptions: Rs. 15/Lot
Brokerage in MCXZERO (0.00%)Rs 9/Trade0.005% Intraday & Delivery
Intraday Margin in NSE CashUp to 5X MISUp to 32 X MISUp to 60 X MIS
Intraday Margin in NSE Futures (MIS)1XUp to 4XUp to 15X
Intraday Margin in NSE Futures (BO/CO)1xUp to 10XUp to 15X
Intraday Exposure in NSE Options1X1X Buy & Up to 4X Sell.1X Buy & Up to 15X Sell.
Intraday Leverage in MCX (MIS)1X6XUp to 8X
Intraday Leverage in MCX (BO/CO)1xUp to 6XUp to 12X
Delivery Margin in NSE Cash (BTST)1XUp to 2XUp to 4X
Call & Trade ChargesRs 20/Executed OrderRs 20/Executed OrderRs 20/Executed Order
Free Wisdom Capital Demat account OpeningYesYesYes
Demat Maintenance CostLifetime 999+ TaxesLifetime 999+ TaxesLifetime 999+ Taxes
Trading Software NestNSE NOWFreeFree

Now we will look into margin or exposure Wisdom Capital provides –

SegmentWisdom Capital Margin
Equity Delivery5x to 40x (dependent on brokerage plan)
Equity Intraday5x to 40x (dependent on brokerage plan)
Equity Future5x to 20x (dependent on brokerage plan)
Equity Options5x to 40x (dependent on brokerage plan)
Currency Future4x to 15x (dependent on brokerage plan)
Currency Options4x to 15x (dependent on brokerage plan)
Commodity Future5x to 20x (dependent on brokerage plan)

1. Wisdom Capital Freedom Plan

Lifetime Freedom Plan of Wisdom Capital is an immensely successful flagship solution launched under Zero Brokerage Trading Plan is the initial of its type introduced in India for active traders. The Lifetime Freedom Plan offers free activation for lifetime unlimited trading in every segment at each exchange viz., NSE, BSE, MCX, or NCDEX.

Wisdom Capital’s investment and trading solution, ‘Free Trade & Investment Zone’, is the best online trading solution whereby a trader can trade unlimited without worrying about any upfront or hidden charges.

Benefits of Wisdom Capital Zero Brokerage Trading Plan

The exceptional benefits of Zero Brokerage Trading Plans with Wisdom Capital follows as:-

  • With Zero Brokerage Trading plans, a trader is not bothered about the size/lot of the buy and sell orders.
  • The break-even point is lower with this plan because the expenses are lowered; A direct result is a boost in the profitability of the trade.
  • No hidden fees at all since transparency is the name of the game.
  • A trader can freely trade on all major exchanges in India.
  • Easy account opening procedures.
  • Instant fund transfers and seamless to and fro process.

2. Wisdom Capital Pro Plan

Apart from the freedom plan for the basic traders, Wisdom Capital’s professional plans are designed for experienced traders who trade frequently and regularly and can optimally use the trading facilitates offered by Wisdom Capital.

Wisdom Capital: Pro Plan at a Glance
ExchangeSegmentsWisdom Pro/Wisdom
Trade/ NEST Trader
Brokerage ChargesLive Data Feed*Alpha Trading System#
NSEFuturesFree₹ 9/TradeFreeFree
NSEOptionsFree₹ 9/TradeFreeFree
NSECurrenciesFree₹ 9/TradeFreeFree
NSECashFree0.01% Intraday
0.01% Delivery
FreeFree
MCXCommoditiesFree₹ 9/TradeFreeFree
Benefits of Wisdom Capital Brokerage Pro Trading Plan

The exceptional benefits of Pro Brokerage Trading Plans with Wisdom Capital follows as:-

  • Lowest Brokerage & Breakeven in the NSE/BSE/MCX: Up to 20X Leverages.
  • The Highest Intra-day Exposure in the Industry.
  • Single Trading Terminal NEST with Advanced Features.

3. Wisdom Capital Ultimate Plan

The Ultimate plan is specially designed for High Networth Individual (HNI) clients. Ultimate Plan offers maximum leverage benefits to our premium clients – The plan not only offers high leverage but also provides priority support for easy and convenient trading without any hassle.

Wisdom Capital Ultimate Plan at a Glance
ExchangeSegmentsWisdom Pro/Wisdom
Trade/ NEST Trader
Brokerage ChargesLive Data Feed*Alpha Trading System#
NSEFuturesFree0.005%FreeFree
NSEOptionsFree₹ 15/LotFreeFree
NSECurrenciesFree0.005%FreeFree
NSECashFree0.02% Intraday
0.02% Delivery
FreeFree
MCXCommoditiesFree0.005%FreeFree

Closing Thoughts

All three Wisdom Capital brokerage plans are designed to reduce the brokerage charges and also get money instantly in the bank account when selling shares. These plans also offer exclusive research to members.

We hope you have found the Wisdom Capital Brokerage Plans article helpful and get to know the offerings of all plans. Read the detailed article of Wisdom Capital review to get more insights into the brokerage firm. Do let us know your views in the comment section below.

ICICI Direct Prime Plan Review 2021 – Brokerage Charges, Step to Get it & Benefits

ICICI Direct Prime Plan Review 2021 – Brokerage Charges, Step to Get it & Benefits

ICICI Direct Prime Plan Review: The ICICI Direct which is a part of ICICI Securities ranks number one in the full-service stockbrokers’ list. It is armed by the leading private financial services provider ICICI Group which is in existence since 1994. The high-quality and customized services along with the 3-in-1 account facility are what the company counts on to be able to capture such a vast number of active clients.

ICICI Direct has been number one in terms of active customers until 2019 when the top discount broking firm Zerodha toppled them with a client base of more than 2 million. However, ICICI Direct is the most visited trading platform in India.

ICICI Direct has different brokerage plans for its Indian and NRI customers. In this article, we will quickly review its popular plan – ICICI Direct Prime Plan, which offers an eATM facility and helps to reduce the brokerage charges.

Different ICICI Direct Prime Plan with Charges

Prime PlanCash %Margin / Futures %Options (Per Lot)Currency Futures, Options & Commodity FutureseATM LimitSpecial MTF Interest rates/LPC (% per Day)
₹2990.270.027₹40₹20 per order₹2.5 lakhs0.04
₹9990.220.022₹35₹20 per order₹10 lakhs0.035
₹1,9990.180.018₹25₹20 per order₹25 lakhs0.031
₹2,9990.150.015₹20₹20 per order₹1 Cr0.024

Note: 18% GST will be applicable on the Prime Plan amount. The validity of all the Prime Plans will be one year.

ICICI Direct Prime Plan Review – Minimum Brokerage

Following is the minimum brokerage charged:

Delivery Segment

Prime PlanTransaction uptoBrokerage in (₹) or in %
₹299₹9,259₹25 or 0.75% whichever is lower
₹999₹11,363₹25 or 0.75% whichever is lower
₹1,999₹13,889₹25 or 0.75% whichever is lower
₹2,999₹16,667₹25 or 0.75% whichever is lower

Systematic Equity Plan (SEP)

Prime PlanTransaction uptoBrokerage in (₹) or in %
₹299₹4,000₹10 or 0.75% whichever is lower
₹999₹4,545₹10 or 0.75% whichever is lower
₹1,999₹5,556₹10 or 0.75% whichever is lower
₹2,999₹6,667₹10 or 0.75% whichever is lower

Margin Segment

Prime PlanTransaction uptoBrokerage in (₹) or in %
₹299₹55,555₹15 or 0.75% whichever is lower
₹999₹68,182₹15 or 0.75% whichever is lower
₹1,999₹83,333₹15 or 0.75% whichever is lower
₹2,999₹100,000₹15 or 0.75% whichever is lower

Steps to get the Prime Plan

  1. Login to ICICIdirect.com
  2. Go to ‘Customer Service’
  3. Go to the ‘My Profile’ section
  4. Click on ‘Select Brokerage Plan’
  5. Choose ‘Prime Plan’
  6. Select one of the prime plan – ₹299, ₹999, ₹1,999, or ₹2,999
  7. Submit the request

ICICI Direct Prime Plan Review – Benefits

The ICICI Direct prime plan is beneficial for all kinds of investors & Traders and can avail the lower charges by choosing the right subscription plan. The main key benefits of the plan are:

  • Instant payout after-sales instead of after 2 days in the normal scenario.
  • Access to exclusive ‘Research content’ and ‘Website’ for all Prime cards.
  • Special reduced ‘Interest’ on delayed payments/MTF carry forward positions in Equity Margin Product.
  • NCD/Bonds transactions along with penny stocks charged at a lower brokerage than that of cash.
  • In Currency and Commodity segment, Call and Tradeline and system square off charges will be applicable at the rate of Rs. 50 per order.

Closing Thoughts

ICICI Direct prime plan is designed to reduce the brokerage charges and also get money instantly in the bank account when selling shares. This plan also offers exclusive research to members.

We hope you have liked the ICICI Direct prime plan review and find it helpful. You can read the detailed ICICI Direct review 2021 and find more insights. Do let us know your views in the comment section below. Happy trading!

Edelweiss Elite Plan Review 2021 – Brokerage, Features, Services & Benefits

Edelweiss Elite Plan Review 2021 – Brokerage, Features, Services & Benefits

Edelweiss Elite Plan Review: Edelweiss Broking Limited is a part of Edelweiss Group – one of the leading financial services providing firms based out of Mumbai. The group was incorporated in 1995 and Edelweiss Broking Limited was started in 2008 and today they have more than 1 million clients with them.

Edelweiss has 2 brokerage plans – Edelweiss Lite and Edelweiss Elite plan. In this article, we will quickly review its premium plan, i.e. Edelweiss Elite which is rich in features and high on privileges. Here we will include key features, services of the plan and also see the benefits of the same.

Edelweiss Elite Plan Review

Edelweiss Elite Plan Review – Key Features

With premium features, advisory and dedicated relationship manager the Edelweiss Elite plan focuses on delivering the entire Edelweiss experience at a slightly premium price. The main key features of the plan are –

  • Dedicated relationship manager
  • Access to exclusive products
  • Customized leverage
  • Portfolio monitoring and proactive advice
  • Free call & trade service

Brokerage and Other Edelweiss Elite Plan Charges

Edelweiss Elite Broking Charges:

EQ Delivery0.300%
EQ Intraday0.030%
EQ Futures0.030%
EQ OptionsRs.75/ Lot
CUR Futures0.020%
CUR OptionsRs.20/ Lot

Edelweiss Elite Plan Other charges:

Margin/ Funding (Leverage)Cash + Stock Margin For There is No charge incase of traded with full stock margin
Delayed Payment Interest (Normal)0.06%/ day
Delayed Payment Interest (MTF)0.06%/ day
Switching Charges (Only 2 switches allowed)Rs.2500 (when switching to Lite)

Note:

For Edelweiss Elite plan, equity Cash transactions brokerage rates shown above are additionally subject to a minimum brokerage rate. Final brokerage will be calculated as the maximum between existing brokerage rate as per plan and a minimum brokerage rate. This minimum brokerage rate is the lower between ₹25 and 2.5% of transaction value.

One may use Edelweiss brokerage calculator and Edelweiss leverage calculator to see what will be their profit/loss after incurring all the charges. There are few more Edelweiss Elite plan charges we are gonna cover here.

Edelweiss Elite Plan Review – Manual Support, Tools & Ancillary Charges

Edelweiss Elite Manual Support

Call and Trade (Advisory, Trading)Free
RM/ AdvisorFree
Special Situation Trades AssistanceFree

Quick Read

Edelweiss Elite Plan Tools & Features

Auto CollateralFree
Standard Tools (Watchlist, Screeners, Alerts etc.)Free
Advanced ChartingFree
Market InfoFree
ResearchFree
News (Live, Details)Free
ContentFree
Notifications (Whatsapp)Free
Portfolio OrganizerFree
Portfolio OptimizerFree
Guided PortfoliosFree
InvestologyFree

Edelweiss Elite Ancillary Charges

DP AMCFree
DP Fees (Trf Out/ Sell)/ Inter-settlement Fees0.02% of Value or ₹20 whichever is higher within Edelweiss OR 0.03% of Value or ₹20 outside Edelweiss
PayinFree
PayoutFree
Physical CML RequestFree
Physical Contract NotesFree
Cheque paymentFree
Pledge ChargesFree
Physical Statement Charges (Ledger, PNL, Tax etc.)Free

Edelweiss Elite Plan Review – Benefits

The Edelweiss Elite plan is suitable if you need the following:

  • Premium service and priority
  • Proactive advisory and regular portfolio monitoring
  • Access to exclusive products and special situation trades
  • Access to customized leverage and brokerage rates

Closing Thoughts

The Edelweiss brokerage plans provide an opportunity to invest in the stock market at competitive rates along with a host of services like research, Portfolio Optimizer, investment courses, and customized leverage products.

We hope you have liked the Edelweiss Elite plan review and find it helpful. You can read the detailed Edelweiss review 2021 and find more insights. Do let us know your views in the comment section below. Happy trading!

Kotak Securities Trade Free Plan Review 2021 – Flat Charges, Features & Benefits

Kotak Securities Trade Free Plan Review 2021 – Flat Charges, Features & Benefits

Detailed Kotak Securities Trade Free Plan Review: Kotak Securities on 19th November 2020 announced the launch of a new set of trading plans with zero brokerage for intraday trading across segments, a first of its kind plan in India. It is also known as Free Intraday Trading (FIT) plan.

As a new-age investor, you should always do proper market research before selecting a trusted and reliable brokerage stockbroker. While selecting the best stockbroker, you must compare the different brokerage plans.

It is also important to know the hidden charges because they can reduce your profits. KSL part of Kotak Mahindra Bank Ltd. is offering zero brokerage on intraday trades and Rs. 20 per order for all other future & options (F&O) trades including equity, commodity, and currency.

Quick Note: If you want to open a FREE Demat account with Kotak Securities, here’s the direct link!

Kotak Securities Trade Free Plan Review – Key Features

Kotak Securities also stated that it would offer MIS and super multiple (cover order) at Rs 20 per order. Key features of the Trade Free Plan, Kotak are:

  • It offers ZERO Brokerage on Intraday Trades
  • For all other F&O trades, the brokerage is charged at Rs.20 per order
  • MIS & Super Multiple (Cover Order) at also charged at just Rs.20 per order
  • Trade FREE Plan offers Margin Trading Facility
  • Allows clients to use stocks as margin instead of cash margin.
  • Zero hidden charges.
  • Provide customer satisfaction guarantee under the Trade Free Plan, which means that if the customer is not satisfied with the services then they can within one month of account opening ask for a refund of fees and brokerage.

Read the detailed Kotak Securities review to get more insights.

Kotak Securities Trade Free Plan Review – Charges

Account Opening and Kotak Brokerage Charges:

Charge TypeAmount
Initial MarginFree
Account Opening Fee (includes GST)Free
Intraday (All Segments)Free
Delivery – Equity, Commodity0.25%
Margin Intraday Square off (MIS) & Super Multiple₹20 / Per Order
Stock used as Margin for Derivative Trades0.025% per day
Outstanding Debit Balance on Margin Trading Facility (MTF)0.04% per day
Other Debit Balance0.05% per day

OPEN A FREE DEMAT ACCOUNT AT KOTAK SECURITIES

Open FREE Demat Account

You can read this article to know the exact steps to open demat account with kotak securities trade free plan here.

Taxes and Regulatory Charges


Particular

Equity
Delivery
Equity
Intraday
Equity
Futures
Equity
Options
Currency
Futures
Currency
Options
Commodity
Futures
Commodity
Options
STT/CTT Charges (As per Exchange)0.1% (both sides)0.025% (sell side)0.01% (sell side)0.05% (sell side)NilNil0.01% (Sell side)0.05% (sell side)
Transaction
charges
NSE: 0.00325% BSE: 0.00325%NSE: 0.00325% BSE: 0.00325%NSE: 0.0019%NSE: 0.05% on PremiumNSE: 0.0009%, BSE: 0.00022%NSE: 0.035%, BSE: 0.001%MCX (for Agri & Non Agri): 0.0026% NCDEX: 0.006%Waived off by Exchange
Stamp
charges (As per State)
0.015% or ₹1500 / crore on buy side0.003% or ₹300 / crore on buy side0.002% or ₹200 / crore on buy side0.003% or ₹300 / crore on buy side0.0001% or ₹10 / crore on buy side0.0001% or ₹10 / crore on buy side0.002% or ₹200 / crore on buy side0.003% or ₹300 / crore on buy side
Investor
Protection Fund
0.00001%Nil0.0001%0.001%0.00005%0.002%NilNil

Quick Read

Demat Charges:

Charge TypeAmount
Dematerialisation₹150 per certificate + ₹50 per request (courier charges)
Rematerialisation₹10 for 100 securities (shares, bonds, mutual fund units, etc.; subject to a minimum of ₹15)
Credit transactions (Buy)Nil
Debit transactions (Sell)0.04% of the value of securities (subject to a minimum of ₹20)
Annual Maintenance Charges (AMC)₹50 per month
Charges for Client Master Report changes (Applicable for Email/ Address/ Mobile/ Bank)₹50 per modification request
Delivery Instruction Slip Kotak Securities (DIS) – Reissuance₹100 per DIS booklet + ₹50 courier charges
Request, Invocation, Release (Un-pledge)1.5% Per month (levied every 15 days)
Pledge Charges (For the non-margin purpose)
Request0.05% of the value of securities (subject to a minimum of ₹30)
Invocation0.05% of the value of securities (subject to a minimum of ₹30)

Other Charges

Charge TypeAmount
Auction ChargesOn actuals (subject to a minimum of ₹20 per auction)
Cheque Bounce Charges₹350 + Bank Charges
Research Call on SMSAs per website
Password Printing and Dispatch Charges₹100 per request + ₹50 courier charges
Product Change Charges₹100
Contract Note (Digital)Free
Duplicate Hard Copy Contract Note on Client Request₹20 per contract note + ₹50 courier charges
Digital Copy (Email) Contract Note for Current/Previous Financial YearFree
Digital Copy (Email) Contract Note for years prior to Previous Financial Year₹200 per year per request
Inter-Settlement Charges0.04% of the transaction value (subject to a minimum of ₹20)

Benefits of Kotak FIT Plan

  • Zero Brokerage on Intraday Trading
  • Flat brokerage of Rs 20/per order of F&O Trades
  • Use of Stocks as Margin (Instead of Cash Margin)
  • Full Broker Services at Discount brokerage rate offering a wide range of investment options and research reports.
  • Multiple trading platforms to fulfill almost all customer requirements.
  • In-depth market Market Research Reports

Customer research initiated by Kotak Securities revealed the need for a competitive brokerage plan from a well-capitalized and reputed stockbroker in the Indian capital market. Kotak Securities’ Trade free plan bridges this gap.

This plan is applicable for trading into equity, future and options, commodity, and currency. Also, there are no hidden charges.

ALSO READ

Points to Note

  • The choice to square off the trade is at your discretion. You can convert the order from intraday to delivery (Cash segment) or carry-forward (Futures & Options segment).
  • Any request for activation received before 3:30 PM on a working day would be processed the same day. Requests received after 3:30 PM on a working day would be processed on the next working day.

Closing Thoughts

The Kotak Securities Trade Free plan or Kotak FIT plan is one of its kind of concept, however, it has been criticized to highlight a win-win situation for both the client and the stockbroker. This plan is worth it for the ones who are poised for Intraday trading ONLY and need some support in intraday research and tips.

We hope you have liked the Kotak Securities Trade Free Plan review and find it helpful. Do let us know your views in the comment section below. Open a FREE Demat account with Kotak Securities. Happing trading!