Geojit Finance is three decades old stock broker house in the country with a huge presence and having different products and services for the investors who want to trade with them.
This Geojit Finance Review will be a complete guide about the firm’s offerings and we will also analyze and compare the brokerage and other charges of the firm which is charged from the clients.
You will get a clear idea of the trading platforms offered by the firm as well and about all other aspects that you would like to know before starting investing with the firm.
|Geojit Finance Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs.400 per Annum|
|Margin Required||75% Margin|
What do you know about Geojit Finance?
Geojit Finance is one of the oldest players in the market with history from 1986 when it was incorporated by C.J. George and A.P. Kurlan. This Geojit Finance Review will first provide you with a brief history of the firm.
So, this firm started in the city of Mumbai and from there it spread its business to the other parts of the city and the country. At present it has its headquarters in the city of Mumbai. It has been registered as a public company and thus having registration on the Mumbai stock exchange as well.
They have been providing all kind of investment solutions and thus they are named on the full-service broker’s list in the country.
With such rich experience and idea about the client’s need in the stock market they have created a niche for themselves and even after being such an experienced company they provide one of the most advanced trading platforms.
|About Geojit Finance|
|Know few details about Geojit Finance|
|Which type of Company is it? – Public / Private||Public|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of Company Located?||Mumbai, Maharashtra|
|Who is the Founder of this Company?||C. J. George & A. P. Kurian|
|When did the company started?||1986|
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What are the various Demat Account Opening Charges levied by Geojit Finance?
The Geojit Finance Account Opening charge is quite nominal as you can refer to the table above, it is only Rs. 100 which is way less than most of the brokerage houses in the country.
The maintenance of the Geojit Finance Demat Account also costs averagely as per the market and the trading account is free. So, you do not have to incur any recurring cost on the trading account ever and you can use it as long as you want.
The margin requirement by the firm is also average as you can see. It is only asking for 75% Margin as the minimum margin requirement which is completely justifiable and at par with the market average.
|Geojit Finance Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Geojit Finance|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs 100|
|How much is the Demat AMC?||Rs.400 per Annum|
|What is the Trading AMC?||Rs 0|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||Yes|
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Does Geojit Finance provide any Offers to their Clients?
The Geojit Finance Offers which they provide to the clients are quite a few in number. They often roll out free Demat and trading account opening offers. If you open the account with this offer, then you do not have to incur any amount for opening your Demat and trading with Geojit.
Moreover, they offer various discounts on the brokerage which helps the traders to reduce their cost of investment as the brokerage amount decreases. This is the most lucrative offers of the firm.
Apart from these, there are holiday offers as well and not many brokers provide holiday offers and these can be really lucrative and profiting. The brokerage plan will be discussed later in the article but you must know here that the firm offers flexible brokerage plans as well provided you meet certain conditions.
So, Geojit Finance is a place where you can trade for really low cost if you avail all these offers. Not many brokers in the industry come up with so many offers at a time.
|Geojit Finance Offers|
|Here are the various offers provided by Geojit Finance|
|Does the broker provide Free Demat A/C offer?||No|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides flexible brokerage plan?||Yes|
|Does the broker offer 1 month Free brokerage?||No|
|Is the Holiday offers provided by the broker?||Yes|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss Making Trades||No|
What are the Brokerage Charges levied by Geojit Finance on various Segments?
Geojit Finance Brokerage Charges are completely at par with the market and in certain segment segments, it is lower than the market average rate as well.
This firm charges only 0.03% of the total order value as brokerage for majority of the segments that you can check in the table above, and for the delivery trades it is 0.3% and all these charges are pretty average and really helps the trades to earn good profit on their investment.
While the charge for trading equity options is little higher at Rs.125 as you can see in the table but the brokerage for currency options is only Rs.125.
However, the firm has kept a minimum brokerage value which you need to pay for any order you place irrespective of the volume and transaction value, and the minimum brokerage is Rs. 15 and that is quite nominal, isn’t it?
|Geojit Finance Brokerage Charges|
|Here you will find details of brokerage levied by Geojit Finance on all segments|
|What are the Equity Delivery Charges?||0.30%|
|What are the Equity Intraday Charges?||0.03%|
|How much brokerage charged for Commodity Trading?||NA|
|What is the brokerage on Equity Futures?||0.03%|
|How much brokerage charged for Equity Options?||Rs 125 per contract|
|What is the brokerage on Currency Futures?||0.03%|
|What is the brokerage on Currency Options?||Rs 125 per contract|
|How much is the Minimum Brokerage requires?||Rs.20 per executed order|
|What is the Demat AMC?||Rs.400|
|How much is the Trading AMC?||Free|
|What is the Minimum Margin Required?||75% Margin|
Does Geojit Finance levy any other charges apart from Brokerage?
Geojit Finance Charges other than the brokerage charges are like any other brokerage house as these are the statutory charges fixed by the SEBI and the government of India.
The only charge is the transaction charge in this section which changes (a little) from one broker to another otherwise all the others you see like SEBI turnover charges or the STT charges remain the same.
|Geojit Finance Charges|
|Get deep understanding of all other charges levied by Geojit Finance|
|How much is the Transaction Charges levied?||0.00325% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|What are the SEBI Turnover charges?||0.00005% (₹5/Crore)|
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How are the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by Geojit Finance?
Geojit Finance Margin trading facility helps the trades a lot and the Geojit Finance Exposure is quite good as compared to many other brokers in the industry.
The leverage you get for the intraday segment is 5 times and for all other segments, it is more or less around 4-5 times of the margin. So, you get to trade a lot more with small investment. This helps the trade to take more positions and earn profit.
|Geojit Finance Exposure or Leverage|
|Here you will find the exposure or limit provided by Geojit Finance|
|How much is the limit on Equity Delivery?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||1x|
How To Open Geojit Finance Demat & Trading Account?
It is very easy to Open Geojit Finance Demat Account and you can apply using this article only –
- The first thing you have to do is to click on the link that says “Open Demat Account”which is given here for account opening with Geojit. Once you click on the link you will get a form which you have to fill.
- Duly fill the form and you will have to mention all the details correctly and then you have to submit the same
- Once you submit the form you will get another page where you have to upload the documents for verification.
- You have to scan the documents which are required and mainly the required documents are PAN, Address proof, Income, and bank statements, AADHAAR, and others.
- Then once you upload and submit the documents you will receive a call from the Geojit Finance executives.
- They will help you complete the application process and will also verify your details
- Once the documents are verified at the company then you will receive your login details and you can start trading.
With this article and the link you can directly Open Geojit Finance Trading Account and the Demat account.
Open Demat Account Now – Fill up the Form Below
What are the various Trading Platforms provided by Geojit Finance?
The Geojit Finance Trading Platforms are simple yet highly efficient for smooth trading. There are three different platforms namely –
Geojit Finance Mobile Trading App: Geojit Selfie Mobile App
Geojit Finance Mobile App is known as Geojit Selfie Mobile App which allows you to trade wherever and whenever possible. It has a great user interface and provides a good deal of features for profitable trading experience.
Geojit Finance Trading Terminal: Geojit Selfie Platinum
Geojit Finance Trading Terminal is called Selfie Platinum which is appropriate for any trade but most specifically designed keeping in mind the needs of the active day traders. The platform is heavily loaded with features like risk and analytical tools and other features to make you trading experience rich.
Geojit Finance Web Trading Platform: Geojit Selfie Gold
Geojit Finance Web-trading platform is referred to Selfie Gold which is a simple online platform for trading having an abundance of features for healthy trading environment. Lots of resources are there to assist you in your research and trading.
|Geojit Finance Trading Platforms|
|Here you will find all the important trading platforms available with Geojit Finance|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platform?||Yes|
|Do they have Mobile Web Platform?||No|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Geojit Finance Trading Applications?
The various features provided by these Geojit Finance Trading Platform are –
Geojit Finance Trading Terminal: Geojit Selfie Platinum Features
- You can customize the whole platform according to your preference. The screen layout can be personalized.
- On one market watch, you can check all the segments of trading like cash, F&O, and currency
- There are tie-ups with multiple banks and thus you can transfer funds across the different banks without any issue
- On this platform, you get aftermarket hours order (AMO) facility as well. This is one of the best possible features that this platform gives.
- There are undoubtedly various charting facility available with real-time data and loads of historical data are also available
Geojit Finance Mobile Trading App: Geojit Selfie Mobile App Features
- There are interactive charts – bars, candle stocks and many more on the mobile Selfie Mobile App only
- You can check various market updates and news flash on the screen
- You can calculate the profit and loss of the options you have taken position
- There are research reports and other resources for trading on this platform only
- There are multiple watch list that you can create and track your portfolio on real-time
Geojit Finance Web Trading Platform: Geojit Selfie Gold Features
- This has a very personalized dashboard and looks of the platform
- Here also you find all the charts, indicators, market updates
- There facility for single-click trade which is really beneficial for trading without losing the price you want to trade at
- There are more than ninety market indicators which you can use for your technical analysis
- Research reports are available on this platform in abundance from the research team of the Geojit finance.
|Geojit Finance Trading Application Features|
|Here you will find various features available in Trading Platforms provided by Geojit Finance|
|Are these platforms capable of Real time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Are this software’s providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||Yes|
|Do this software’s provide Personalized Advisory?||No|
|Are these platforms capable of Interactive Chartings?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms has Multi Account Management solution?||No|
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What are the various Products provided by Geojit Finance?
Geojit Finance Products range is quite vast. It has equities, currencies, and derivatives as you can see in the table above.
The firm doesn’t deal in commodities at present so that is the only basic stock market products that you won’t get from Geojit to trade-in. However, there are mutual funds, Sip investment products available with the firm which you can invest.
|Geojit Finance Products|
|Here are the various products provided by it|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||No|
|Do they have Currency Trading product available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||No|
What are the various Services offered by Geojit Finance?
The Geojit Finance Services are mostly complete in its own. You need Demat, trading services, they have it, you need IPO and intraday services, and they have them too. If you need Portfolio management services, they do have that as well.
The firm provides a stock recommendation service as well. So, you do not have to check or invest with any other brokerage house for your different trading need, you get all the services and products at one place.
|Geojit Finance Services|
|Check out the various services provided by it|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Does Geojit Finance provide Research & Advisory to their clients?
Geojit Finance Research is referred to as one of the best in the industry. They provide various research reports starting from the fundamental reports to the IPO reports, company stock review on daily, monthly and weekly basis along with market review and many more as you can check in the above table.
The Geojit Finance Advisory provides Geojit Finance Tips which are well researched and for the better opportunities in the market. They are also available for the traders, both online and offline and you can also have the service of Relationship manager as well.
|Geojit Finance Research, Advisory & Stock Tips|
|Here are the various research activities done by it|
|Does the broker shares Fundamental Reports?||Yes|
|Does the broker shares Research Reports?||Yes|
|Do they provide Company Reports to their clients?||No|
|Are they analysing Annual Reports of Companies?||No|
|Do they share Company Stock Review?||No|
|Are they sharing Free Stock Tips to their clients?||Yes|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||Yes|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Manager to clients?||Yes|
What are the Customer Care details of Geojit Finance?
Geojit Finance Customer Care is prudent enough to take care of the issues of the customers. They are available round the clock and are dedicated to solving the problems of the clients as soon as possible.
There are more than 489 branches of the firm across the country and thus you can visit the branches as well to get any kind of solution for your queries and complaints.
|Geojit Finance Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated Dealer to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||489|
Are there any Complaints filed against Geojit Finance by their clients?
The number of Geojit Finance Complaints registered with NSE and BSE as you can check above is negligible to the number of active client base it has.
However, that doesn’t make the firm vulnerable to solve the issues the clients face. They have solved as you can see the majority of the issues within the same year as per the report above in the table.
|Geojit Finance Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||187|
|How many of these complaints have been Resolved in BSE?||176|
|What is the total number of Complaints Lodged in NSE?||214|
|How many of these complaints have been Resolved in NSE?||198|
What Are The Advantages / Benefits Of Geojit Finance Trading Account?
The benefits of trading using Geojit Finance Trading Account are –
- Variety of products you get from the firm to trade
- The account opening is not expensive neither maintaining it as the charges for the same are minimal
- There is a good level of exposure provided to the traders and the margin requirement is also low
- The brokerage charges are very nominal and at par with the market average
- You get one of the best trading platforms with lots of resources for your analysis
What are the Geojit Finance Review & Ratings as per their Customer?
The scenario that can be depicted by Geojit Finance Rating and Geojit Finance Review by the clients is that they are quite happy with the services, trading platforms, brokerage charges, and the research services as well.
Firm has got above average rating and that suggests the efficiency of the firm in providing the clients with what they need and how they need it.
|Geojit Finance Ratings & Reviews|
|We are looking at Companies Ratings on various parameters|
|Stock Market Research & Broking Advisory||7.0/10|
|Brokerage & other Charges like – Turnover, Transaction Charges etc.||7.0/10|
|Types of Products & Services the Brand provides||6.0/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||7.0/10|
|Experience in the Broking Business||6.5/10|
|Total Avg. Rating of Broking House||6.7/10|
|Star Rating of given to Stock Broker||★★★☆☆|
|Number of People Contributed to these Ratings||227|
Geojit Finance Conclusion
The Geojit Finance Review above can be concluded by saying that if you want to trade with a firm that provides nominal brokerage plans, great exposure, advanced trading platforms, and many other services then you got to trade with Geojit Finance.
The firm has been carving its own niche for last three decades and has been successfully servicing the traders and the investors of the country.
Open Demat Account Now – Fill up the Form Below