What is the subscription model of broking that Fisdom is offering?

Fisdom, which had recently tied up with a host of banks including UCO Bank for its wealth management solution, has forayed into broking. The digital wealth management people have just launched stock broking services. Fisdom will offer the full array of products and solutions including equity, F&O, IPOs, Buybacks, SGBs, NCDs and ETFs. They also intend to offer currency trading under their platform.

Apart from web-based and app-based trading interface being offered, Fisdom will also offer a call-n-trade facility as a redundancy backup. It will specifically offer a flat fee trade structure and an affordable subscription plan. The idea is to entice the large aggressive traders. As of now, most of the discount brokers don’t push the subscription model and prefer to keep it value based. This could be a game changer for large traders.