I haven’t checked the wisdom page lately but looked at the Tradeplus site. You haven’t gone to the other charges section which is beyond the rosy front page zero brokerage stuff. https://www.tradeplusonline.com/Detailed-Pricing.aspx
Other charges : Call & Trade : Rs.75/- per day +GST (Applicable also on Admin Square off orders for Margin Shortfall / Debits / MIS positions)
- Monthly SMS charge of Rs.99 is applicable only if you are subscribed to any one of the Zero Brokerage monthly Plans and if there is any trade in the account during the month.
Please don’t go just for the flat monthly plans but also look at the other charges.
The minimum charges per month amounts to
Equity Futures : 799
Equity Options : 99
Currency F&O : 99
SMS Charges : 99
If you subscribe to their trading platform (other than the free one) its another 499 per month.
So the minimum charges amount to 1600 minimum.
Also the DP charges while selling is not fixed at 15 RS but The charges are 0.02% of transaction value, subject to a minimum of 15 & maximum of 200 per transaction.
So my suggestion would be if you really want to open account with them first of all calculate your brokerage expenses with your current broker (just the brokerage because other charges would be same with others like STT/ETT, stamp duty etc which make the bulk of expenses) and see if your brokerage amount cross the 1600 PM thresh-hold and make the decision. Also the DP charges with them is not fixed so also keep that in mind.
Also someone actually trading with them would be more helpful regarding the actual charges Per month based on their experience.