Check out Fisdom Review here. Set up in 2016 by Subramanya S. V. and Anand Dalmia, Fisdom is a private company based in Bangalore.

Marked as a discount broker, Fisdom caters to a growing community of over 68,000 active clients. Its innovative solutions in the financial market have won the hearts of investors.

Besides, the company’s devotion to customer satisfaction shines even brighter. One lovely treat is Fisdom charges.

The broker is offering free account opening charges. But it is a limited-period offer. Still, there’s much to explore in this Fisdom Review. So have a look.

Broker Type Discount Broker
Active Clients 68,000+
Account Opening Charges Free (Limited period Offer)
AMC Rs.299 per Year + GST
Delivery Charges Rs.20 per Trade
Intraday Charges Rs.20 per Trade

Fisdom - Company Overview

Company Type

Private

Headquarters

Bangalore

Founder

Subramanya S V & Anand Dalmia

Establishment Year

2016

Why Trade or Invest with Fisdom?

Why should you open a Fisdom Account? Let’s explore these points:

  • Firstly, the platform enables you to kickstart your journey with Fisdom’s enticing offer of free account opening charges.
  • The second reason to trade with Fisdom is its user-friendly apps for versatile web and desktop terminals. They give you the flexibility to choose your trading path.
  • Besides, Fisdom knows the balance, so they charge just Rs. 20 per trade for delivery and intraday. Not too low, not too high, but just right.
  • You further unlock your trading potential with margin funding and pledging options.
  • You can navigate the global market to trade currencies with ease.
  • Lastly, count on Fisdom’s stellar customer support.

Fisdom Brokerage Charges

Brokerage Plan

Fisdom DIY Plan

Subscription Charges

Zero

Equity Delivery

Rs.20 per Trade

Equity Intraday

Rs.20 per Trade

Equity Future

Rs.20 per Trade

Equity Option

Rs.20 per Trade

Commodity Future

NA

Commodity Option

NA

Currency Future

Rs.20 per Trade

Currency Option

Rs.20 per Trade

Let’s unravel the tale of Fisdom brokerage charges now. Fisdom offers a DIY plan that displays decent service charges.

Also, there are no sub-charges, which proves that it won’t burn a hole in your pocket. But, regarding equity trading, Fisdom charges a flat rate of Rs. 20 per trade for equity delivery.

The same charges appear in intraday, futures, currency, and equity options too. With an easy pricing pattern, the broker ensures openness and ease of math for investors.

However, Fisdom does not currently offer futures or options trading in commodities.


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How to open a Fisdom Demat Account?

Here is the list of steps you can follow to open a Fisdom demat account:

  • To open your Demat account, reach out to the form in the below section and fill up your details.
  • Upon receiving your details, the broker representations will call you to explain the procedure.
  • Submit all of your required documentation.
  • Once your verification is completed, you will be notified and can have your login details.

After that, you’ll be all set to dive into the stock market. Fisdom’s app makes it easy as pie, bringing ease to your fingertips.

However, the account opening is also possible via Fisdom’s web platform.

Types of Fisdom App, Trading Platforms & Tools

Web Trading Platform

Trading Terminal

NA

Algo Trading Platform

NA

Foreign Stocks Trading Platform

NA

Basket Trading Platform

NA

Mutual Fund Investment Platform

Available

Digital Gold Investment Platform

NA

Bonds Investment Platform

NA

To explain this slice of the Fisdom Review, Fisdom offers a range of trading platforms and tools to cater to investors’ needs.

Namely, they provide a mobile app, a web app, and a desktop terminal, ensuring openness and ease in trading.

Besides, each platform equips traders with well-built tools and features, making their journey a breeze. Similarly, investors can easily navigate the financial market. Thanks to the user-friendly interfaces.

In short, traders can easily execute trades, track their portfolios, and access real-time market data across different devices. Traders stay connected and can make informed decisions at any time.

Fisdom App, Trading Platforms & Tools - Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

Yes

Online MF Buy

Yes

Research Reports

No

Global indices

No

Customised Recommendations

No

Stock tips

No

Interactive charts

No

Live market

Yes

Multi Profile Management

No

Robust & Secure Platform

Yes

With its versatile platform, including the Fisdom Web App, Fisdom App, and Fisdom Desktop Terminal, Fisdom tries to heighten your investing experience.

Let’s dive into the details and explore the exciting features:

Fisdom Web Trading Platform

Here are various features of Fisdom Trading Platform.

  • Trade effortlessly on Fisdom’s web app, which provides access to multiple exchanges and segments without mishap.
  • When taking strategic market moves, you can smoothly track your orders and portfolio, place limits, SIPs, and bulk orders.
  • The Fisdom web app exposes you to advanced real-time charts, a user-friendly interface, screeners, analytics, and heat maps.
  • Compatible with both Windows and Apple, the web app lets you track market news, world indices, and activities that perform.
  • In short, Fisdom’s web app offers a comprehensive package, which you can see in its user-friendly interface.

Fisdom App

Check out some amazing features of Fisdom App here.

  • With 15 types of charts available, the mobile app lets you perform in-depth market analysis. And the best thing is that both Android and iOS users can install it.
  • Additionally, the app provides access to 116 technical indicators for technical analysis.
  • The latest news and announcements related to your scripts and scanners aid in timely actions.
  • The app also offers 35 drawing tools, allowing you to visually analyze and make smarter investment choices.
  • To illustrate, the order book overviews your orders, including execution details, timestamps, and the number of trades.
  • You can easily place buy and sell orders with a single click for added convenience.

Fisdom Desktop Terminal

List out some amusing features of Fisdom Trading Terminal.

  • Fisdom Desktop Terminal is a financial delight, providing you with real-time market information, including information on top gainers and losers, all in one view on your Windows or Mac.
  • Place orders with ease; SIP, stop loss, GTD orders, AMO, and PMO orders will all be there for added convenience.
  • The terminal generates one-click reports and helps watch positions at a glance.
  • Risk-based alerts inform you of the desktop terminal: portfolio reports, all within reach.
  • With its features and ease, traders can navigate the markets with confidence.

Fisdom Offers

Free Account Opening

Yes, Limited

Free AMC

No

Free Brokerage

No

Flat Brokerage

Yes

Flexible Brokerage Plans

Yes

Happy Trading Hours

No

Free Delivery Trading

No

Free Intraday Trading

No

Free F&O Trading

No

Free Research Reports

No

Free Trading calls

No

Referral Offers

Rs.300 per Client

Margin Funding / Pledging

Yes, Limited

Brokerage Cashback

No

Zero Brokerage for Loss Making Trades

No

Let’s take a look at what Fisdom has to offer now. You can now take advantage of Fisdom’s limited-time free account opening.

It’s a fantastic way to get on track without any upfront charges. Flexible Brokerage Plans allow you to choose the option that suits your investment needs.

By referring clients to Fisdom, you can earn Rs. 300 per client separately. Beyond a doubt, it is a rewarding incentive for spreading the word about their services.

Similarly, Fisdom goes the extra mile by providing margin funding and pledging options.

These additional features allow you to explore more investment opportunities and maximize your potential returns.


Fisdom SWOT Analysis

Let’s walk you through a detailed SWOT analysis of Fisdom, covering all headlines from strengths to threats.

Strength

  • Fisdom’s desktop terminal boasts a user-friendly interface, making it easy for investors to navigate the market.
  • Also, their robust customer support ensures prompt aid when their users desire it.
  • The platform features currency trading; you can see multiple choices on a single screen.
  • Moreover, Fisdom’s strong brand status instills trust among clients, which could be a significant strength.
  • Lastly, the brand’s focus on providing complete facilities is a good move, as it builds a positive image.

Weakness

  • Fisdom’s limited presence in certain regions may hinder its growth potential.
  • Besides, the platform lacks some cutting-edge features offered by rivals.
  • The interface has a lot of room for improvement to adapt to the modern trader’s needs.

Opportunities 

  • Fisdom can still expand its customer base by offering services that the younger generation likes.
  • Likewise, partnerships with other financial institutions can enhance their service offerings.
  • By not solely relying on limited-time offers, the broker should start providing free services for users.

Threat

  • Fisdom may face fierce rivalry from existing players with a giant user base in the industry.
  • Also, changes in regulatory policies may impact their operations.
  • The rise of new fintech startups is likely to pose a threat to Fisdom’s market share.

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Fisdom Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

No

Commodity Future

No

Currency Option

Yes

Currency Future

Yes

Foreign Stocks

No

Mutual Funds

Yes

Banking

No

Insurance

No

Corporate Bonds

No

Govt. Bonds

No

Digital Gold

No

Fisdom Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

Yes

3 in 1 Account

No

Stock Research

No

Stock Recommendations

No

Trading Institution

No

Share Pledging

Yes

PMS or PCG

No

NRI Services

No

Fisdom Research & Advisory

Fundamental Reports

No

Research Reports

Yes, chargeable

Company Reports

No

Annual Reports

No

IPO Reports

No

Technical Reports

No

Stock Tips

Yes, chargeable

Daily Top Stock Picks

No

Daily Market Review

No

Monthly Review

No

Weekly Review

No

Relationship Manager

No

Robo Advisory

No

We don’t see fundamental reports in Fisdom Trading account. But research reports are available for a fee. Similarly, company reports and annual reports are absent.

IPO reports and technical reports need to be included. However, stock tips can be obtained at a charge. There are no daily top stock picks, daily market reviews, monthly reviews, or weekly reviews.

Besides, no relationship manager is offered. Their approach is crisp and candid, allowing investors to take charge of their financial journey.

Fisdom Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x

Regarding the Fisdom Margin, each domain has its own rules, offering a unique feast of prospects. It’s a modest 1x for equity delivery, keeping it steady and reliable.

But wait, there’s more! Equity intraday allows you to increase your trade capacity up to 5x (depending on the stocks).

Regarding equity F&O carryforward, it’s back to the humble 1x, ensuring stability in uncertainty.

However, regarding intraday adventures, F&O gives you a compelling 1.3x leverage. Commodity F&O carryforward, just like equity F&O, is set at 1x.

Yet, you can taste the sweet rush of 1.3x leverage.

Fisdom Review - Programs

Sub Broker Program

Yes, Limited

Partner Program

Yes

Referral Program

Yes

Fisdom Review & Rating by Finec.in

Overall Rating

8.00 / 10

Customer Support

7.97 / 10

Technology

8.09 / 10

Charges

8.03 / 10

Products & Service

7.95 / 10

Experience

7.93 / 10

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Fisdom Customer Support

Trading Support

Available, Chargeable

Dedicated Dealer

NA

Call Support

9642596425

Email Support

ask@fisdom.com

Whatsapp Support

NA

Website Support

Facebook Support

Twitter Support

Telegram Support

NA

Branches / Offices

NA

Fisdom Customer Care is top-notch, serving traders with best-in-class facilities. To begin with, trading support is readily available, but it’s worth noting that some services may come with a charge.

For any queries, reach out to them via email at ask@fisdom.com. Alternatively, go straight to the website’s chat box.

Support via social media is also present; you can find them on Facebook and Twitter through the respective support links. Rest assured, Fisdom’s support is just a click away!

Fisdom Complaints & Feedback

Total Complaints Lodged

3

Total Complaints Resolved

2

% of Resolved Complaints

66.67%

Non Actionable Complaints

1

% of Non Actionable Complaints

33.33%

Fisdom Complaints has seen three complaints lodged, two successfully resolved. In other words, this displays a striking 66.67% resolution rate.

However, there remains one complaint that appears non-actionable. But overall, Fisdom is quick to address customer queries.

It means the broker will not let you down. The company is keen on resolving issues, prioritizing customer concerns, and preserving a pleasant user experience.


Fisdom Charges

Now, let’s delve into Fisdom Charges. After all, there are some pesky Fisdom hidden charges you need to know about.

First, we have the Fisdom Account Opening Charges, free but for a limited period. Time is ticking, so make your move.

Next, we stumbled upon the Annual Maintenance Charges (AMC) and Stamp Duty Charges! Now, let’s talk about hidden fees.

It covers SEBI Turnover Charges, set at a modest rate of Rs. 10 per Crore across all segments. DP Charges are lurking in the shadows.

Rs. 18 per scrip will be deducted when you sell a position. Now, let’s add a sprinkle of GST to the mix.

A standard 18% on the sum of Brokerage, SEBI, and Transaction charges awaits you. Similarly, other costs also increase as you progress.

Fisdom Account Opening Charges

Account Opening Charges

Free (Limited period Offer)

Annual Maintenance Charges (AMC)

Rs.299 per Year + GST

Fisdom STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.0625% on sell (on premium)

Commodity Future

NA

Commodity Option

NA

Currency Future

Nil

Currency Option

Nil

Fisdom Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

NA

Commodity Option

NA

Currency Future

0.0001% on buy

Currency Option

0.0001% on buy

Fisdom Transaction Charges

Equity Delivery

0.00325% (NSE) 0.00375% (BSE)

Equity Intraday

0.00325% (NSE) 0.00375% (BSE)

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.05% (on premium)

Commodity Future

NA

Commodity Option

NA

Currency Future

0.0009% (NSE)

Currency Option

0.035% (NSE)

Fisdom Pledge Charges

Pledge Creation Charges

Rs.20 per Request

Pledge Invocation Charges

Rs.20 per Request

Interest on Margin Trading

0.9% per Day

Fisdom Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.18 per Scrip on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

NA

Call & Trade Charges

Rs.20 per Trade


Fisdom Review – Conclusion

Let’s wrap up our Fisdom review now. Fisdom, with its mix of free account openings, limited-time offers, and clear charges, provides a quaint platform for investors.

While some hidden charges may be considered, staying informed is the key. So keep your eyes open, weigh the pros and cons, and decide wisely.

Fisdom, like any other financial venture, has been working since 2016 and boasts an appealing client base of 68k+. Altogether, it is a reliable broker.


FAQs on Fisdom

Here is the list of FAQs related to the Fisdom Review:

Is Fisdom a Safe Broker?

Fisdom is a safe broker. However, the broker only reveals a little about its stringent security measures and robust systems.

Still, you can rest assured that your hard-earned money is well protected in their hands. The broker, operating since 2016, is a proud service provider to thousands.

Is Fisdom Good for Beginners?

Absolutely! Fisdom is an excellent choice for beginners venturing into the stock market.

Notably, the user-friendly platform and intuitive interface make it a great choice for newcomers. Beginners can kickstart their investment journey with confidence.

How many active clients does Fisdom have?

Fisdom proudly boasts a substantial client base of over 68,000 active clients. This big number displays the popularity of the broker in the market.

Joining them means joining a vibrant and growing network of investors.

Who is the Founder of Fisdom?

Subramanya S. V. and Anand Dalmia are the two ingenious minds who founded this remarkable company in 2016.

Thanks to their brilliance, Fisdom has become a prominent name in the financial industry.

Does Fisdom provide free delivery?

Unfortunately, we will say NO. Fisdom doesn’t provide free delivery. Instead, the brokerage platform needs more freebies, except for limited-time offers. So don’t set false expectations.

What are Intraday Trading Charges in Fisdom?

For every trade you make in intraday trading, Fisdom charges a modest fee of Rs. 20 per trade. However, the charge rate isn’t high or low.

Fisdom believes in providing affordable options for its clients to maximize their trading potential.

What are Fisdom F&O Charges?

Like most other domains, Fisdom keeps its charges reasonable for futures and options. For each F&O trade you undertake, you incur a nominal fee of Rs. 20.

Does Fisdom charge for Commodity Trading?

Fisdom may levy a fee of Rs. 20 for every trade made in commodities. Unfortunately, there’s no way to avoid these charges. But it is fairly low if you know how to extract profit from the market.

Does Fisdom charge for Currency Trading?

For each trade made in the captivating domain of currency, they apply a reasonable charge of Rs. 20 per trade. This enables you to dabble in currency trading and explore the potential gains it holds.

Does Fisdom provide Research?

Fisdom’s research and analysis aid for clients is remarkable. With access to comprehensive market research and expert insights, you can make up-to-date choices and boost your investment strategy.

How do I contact Fisdom Customer Care?

To reach Fisdom’s customer care, you can use various channels. You may choose to give them a call or reach out to them via email.

The customer care team also responds to your queries on social media handles.

How much is AMC in France?

For the maintenance and management of your account, Fisdom charges an Annual Maintenance Charge (AMC) of Rs. 299 per year, along with applicable GST.

What are Account Opening Fees in Fisdom?

Fisdom offers a limited-time offer of free account opening! Yes, you heard it right. During this delightful period, you can open an account with Fisdom without worrying about any account opening charges.

What are Pledge Creation Charges in Fisdom?

Regarding pledge creation, Fisdom charges Rs. 20 per transaction. With this modest charge, your investments remain well protected.

How much are Pledge Invocation Fees in Fisdom?

Fisdom levies a fee of Rs. 20 per transaction. This reasonable charge ensures a seamless process of pledge invocation, safeguarding your investments.

Does Fisdom levy any Interest on Margin Trade Funding?

Fisdom levies a nominal interest rate of 0.9% per Day on Margin trading.

What are DP Charges in Fisdom?

To maintain your Demat account, Fisdom applies a reasonable charge known as DP charges.

These charges amount to Rs.18 per Scrip on Sale per transaction, ensuring your Demat account’s smooth operation and upkeep.

Does Fisdom levy any Account Closure Fees?

Luckily, Fisdom does not burden its clients with any account closure fees. You can choose to close your account whenever you want.

What are Account Reactivation fees in Fisdom?

If you again decide to resume your journey with Fisdom, you will be welcomed without additional charges.

What are Call and Trade Charges in Fisdom?

Fisdom charges a reasonable fee of Rs. 20 per executed order for calls and trades.


 

Customer ratings and reviews of Fisdom

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