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Get a callback or speak to a sales manager on Toll Free No +91 80100 20040 for assistance. For our online application, Please click here to know the exact procedure to Open an Account
Trading & Demat Account activation across all segments are completely Free at Wisdom Capital where clients are arranging printout at their own. However, for Demat (or DP) Lifetime maintenance cost is ₹ 555 + Taxes.
Yes, For Offline clients Our Reps Used to Visit & Collect Forms & Documents from Respective Clients. Account opening Charges are Rs.500/- per segment is being charged for Collection of Forms.
Its Completely Your Wish. You Could Choose Either A Single Segment like NSE F&O or All Segments i.e. NSE Cash, F&O, NSE-Currency.
Trading Account is having Zero maintenance charges for DPL Online clients. However, for Lifetime Demat (DP) maintenance cost is ₹ 555/- + taxes.
"DEMAT Account = Share Bank". A Depository is like a bank where securities are held in electronic (dematerialized) form. In India, there are two Depositories -National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL). Under the Depositories Act, investors can avail of the services of the Depositories through Depository Participants (DP) . DP’s are like bank branches wherein shares in physical form need to be deposited for converting the same to electronic (demat) form. To enter into the system you have to open a Demat account with a DP for which an application in the prescribed form is to be filled and signed by the applicant along with supporting documents for different categories of Demat accounts.
No. It’s Not Mandatory to Open a DP Account with us, You Could Link your Existing DP account with A Trading Account With US. However For Opening a Equity Trading Account DP is Compulsory With US.
The Equity and Commodity Trading Accounts are being Activated Within 08 Working Hours from When We Receive the Complete & Correct Forms.
a). Prepaid Freedom Plans : Unlimited Trades @ Rs or 999/Month, 5555/year or 9999/Lifetime. b). Pro Plans : Trade @ Rs 9/Trade in NSE F&O.
Yes thats quite possible with DPL Online. For this please download Brokerage Change Form, fill it properly and do sign there, scan it and send it to info@dplonline.co.in. Within 48 hours your plan would be changed. Please Note : Plan could be changed once in a month and frequent requests for plan change should be avoided.
Freedom Plans are being charged as per request from your end and being charged per month basis.Yes you could. For example if you activate Freedom plan on 17th March 2014 it will be applicable till 31 March 2014 in case of monthly and in case of yearly plan it would be upto 17 Mar 2015. Monthly Brokerage being debited on 01st working day of the month. People opening account in between of the month are advised to trade with default Brokerage for few days and to start Fixed Brokerage from beginning of the next month. However its entire clients choice to get activated plans in between of the month but charges would be debited for full month or year as the case may be. No. You need not to send advance cheque for Freedom plans. After activation of accounts when you will be transferring funds it will be debited from your trading account subjected to your written/email confirmation and availability of sufficient funds in your trading account.
Visit our brokerage calculator to know the exact charges.
Stamp Duties being charged as per the clients states.
When you are trading stocks and if your trading volumes are lower you get the benefit of Rs. 9 or 0.01% for intraday and 0.1% for delivery, whichever is lower. So if you bought stocks for Rs 1000, you will pay only Rs 1 as brokerage ( 0.1% of Rs 1000) but you will never pay more than Rs 9 as brokerage per executed order.
When you place an order which gets traded, it is called an executed order. At DPL Online you don’t pay for placing, cancelling or modifying an order, you pay only per executed order.
Yes, you can mix and subscribe up to two trading plans for different segments. This allows you to save money at your convenience. Say you are a heavy NSE F&O.You can sign up for the Freedom Plan for NSE F&O.
When you place an order over the phone using any of our dealers, we charge an additional charge of Rs 20 as Call & Trade per executed order.
We are currently providing NSE NOW, NEST & BOLT.
Cover Order is a feature that helps you get more leverage while taking an intraday position.. While you have the opportunity to gain from high returns by placing a cover order, you get to limit your losses by specifying the stop loss trigger price. While taking an intraday position (which is done at market price), you get to specify the trigger price at the time of taking the position itself. This way the downside risk that would normally be present while taking on a leveraged intraday position is limited by setting the trigger price for the opposite order (square off) at the time of placing the order.
First, Cover Order help you provide higher leverage while doing intra day trading. Secondly, it help you bring discipline into your trading by asking you to place SL order compulsorily thereby limiting your risk or defining your risk in each trade. While higher leverage afford you more trading opportunity, discipline instilled thru SL affords you to protect your capital by limiting your losses in case trade goes against your plan.
Suppose you wish to take a ‘buy’ position on Nifty based on intra-day movements of Nifty. In case of a simple order, you are exposed to both the upside and downside movement of Nifty, thereby susceptible to significant risk in compensation for possible high returns. In such a scenario, the client is better off by placing a Cover Order instead. This way you can: a. Leverage your ‘buy’ position by a measure of approx four times (depending on the margin). b. Specify a trigger price (which is for the opposite position, in this case – ‘sell’). This trigger price ‘sell’ order gets executed only if the market price of the stock falls below the trigger price set by the user at the time of placing the Cover Order. c. Limit losses to the maximum of the difference between the ‘Buy’ market price and the Stop Loss Trigger price in case of a downside movement of Nifty.
The Cover Order feature has now been extended to only Nifty and Bank Nifty. Thus you can now leverage your intraday positions in nifty and bank nifty by using this feature.
A client can either place a Buy Cover Order( Alt+F1) or a Sell Cover Order( Alt+F2). A Buy Cover Order implies buying Nifty, expecting the prices to rise during the day, while specifying the trigger price for the sell order in case of a fall in the price. Similarly, a Sell Cover Order implies selling nifty, expecting the Nifty to fall during the day, and at the same time specifying the trigger price for the buy order in case of a rise in the price.
While the normal buy/sell order will be executed at the market price, the stop loss order remains passive till the set trigger price condition is reached. Only when this happens will the stop loss order become activated.
Let us assume that you wish to place a Buy Cover Order for Nifty which is currently trading at 6650 with a stop loss (to sell) at 6600 In case the Nifty falls to 6600, the stop loss order will be triggered automatically and the cover order will be squared off. All orders that remain open will be auto-squared off by RMS around 3:20 PM at the prevailing market price.
To book profit in cover order you need to go to Order Book by pressing F 3. Order Book window will display you SL order as product type CO. Select your order and click Exit( down right corner of Order Book). Your order will be squared off at Market Rate. Once the orders has been placed you will be able to see it in your order book.(F 3). Stop Loss once placed in Cover Order can not be cancelled but can only be modified within the range as indicated under trigger Price Range. You will be able to amend the Trigger Price “WITHIN THE RANGE” as indicated at bottom left corner as Trigger Price Range.
Futures as such are inherently leveraged which means that to buy X amount of futures you need only a small portion of it called as margin in your account. This margin to buy futures is stipulated by the various exchanges.
While trading futures at DPL Online you can use 3 product types:
NRML (Normal) & CNC (Cash & Carry)
To take position as NRML or CNC (cash & carry) you will need the complete exchange stipulated margin, but once you take a position as NRML you can hold the position till expiry.
MIS (Margin Intraday Squareoff)
MIS is used by intraday traders as all open positions get squared off before the end of day. But since no position is carried forward overnight the margin required is also lesser than the exchange stipulated margins.
At DPL Online we do offer upto 20X leverage in MIS subjected to following terms and conditions depending upon Trading Plans :
1). Upto 10X limit in Cash & 4X limit in Futures is available in Freedom & Pro Plans.
2). Upto 20X limit in Cash & 8X limit in Futures is available with Ultimate Plans.
3). Please Note : 8X Limits is available only above the margin ledger balance of 10000/- and 4X above 5000/- only. If your ledger falls below 10000/- or 5000/- you limit will be decreased to 4 and 2 times respectively from next trading session until it gets increased to required amount again.
CO (Cover orders)
Cover orders is a unique feature where you can trade intraday using market orders but with a definite and compulsory stop loss. Since there is a stop loss placed, the risk of the position reduces and hence the margin required to take it reduces as well. Using cover orders, you can trade futures with lesser margins than NRML and MIS. Presently Cover order facility is available for equity and currency futures only.
In options we do provide upto 3X leverage in MIS for Nifty only under Ultimate Plans. For rest all Plans normal exposures are being provided i.e. 1X for intraday as good as positional.
When you take a trade in equity and square the position off before the end of day, it is called as intraday equity trading. Since you don’t carry the position overnight, we provide you a margin or leverage of upto 20 times on A Category Shares and stocks those are listed enlisted in F&O, So approx 200 liquid stocks to trade for intraday. This Unique Product has been named as MIS (Margin Intraday Square off) Our margin calculator tool has a list of all stocks and the MIS leverage you get. When you take a trade using product type as MIS, if you don’t exit it on your own it will be auto squared off at 3.20pm.
Delivery Equity:
When you buy stock and hold it overnight, it is called a delivery trade. At Wisdom Capital, you need to use product type as CNC while placing a trade to take delivery of equity stock. The product type CNC will show up on your order window only if you have a demat account mapped to your trading account since you would require a demat to take delivery of the equity that you purchase.
We do provide upto 5X leverage in CNC subjected to 18% interest. Also you could use your delivery based shares for intraday margin after Hair cut, so it will be appx 70%.
DPL Online is a Online Trading Brand of Berkeley Group of Companies. The Berkeley Group is a multi faceted business with its head-quarters in Chandigarh, India. The company is in the automobile, real-estate, shares & stocks & retail industries. In just a span of 2 decades, the company has touched a height of $600 million and aims to achieve $1,000 million mark in current financial year.
We are into this Industry since 1996.
Berkeley Group is the owner of DPL Online online Broking business.
We are a team of around 8 and do as much turnover as reputed broker does with 10 time bigger team. We practically keeping our operating cost really low, by operating from a single and centralized office located in Gurgaon. This concept is known as ‘ Discount Broking’ and very popular in developed nations.
Equity, F&O, Currency.
DPL Online is a Online Trading Brand of Berkeley Group of Companies. The Berkeley Group is a multi faceted business with its head-quarters in Chandigarh, India. The company is in the automobile, real-estate, shares & stocks & retail industries. In just a span of 2 decades, the company has touched a height of $600 million and aims to achieve $1,000 million mark in current financial year. DPL Online ensures your Safety of funds to its optimum level. Stocks Trading being a SEBI regulated entity, your funds are always kept in a fully segregated account as per SEBI Rules. There are many things that are already in place to ensure that your funds are safe, some main points are : (i) Client funds being kept in a separate bank account, known as client’s pool account. A broker/Subbroker/AP/Franchaisee cannot mix client and pro funds together in any way. (ii) Investor Protection Fund – There’s a Insurance Policy kept in place amounting 10 Lakh for each trading account, traders does open with various Brokers. This amount being collected from part of your transaction fees charged by the exchanges to help clients recover losses in case of electronic, systematic or other non-client related failures. This is maintained by the NSE.