Jhaveri Securities is counted among the top-ranked broker houses in the nation. It has been showing brilliant performance since its inception. Many traders swear by Jhaveri Securities because of their excellent services and flexibility.
In this article, you will find a detailed Jhaveri Securities Review. All the essential factors about the broker house have been discussed in detail.
You will get to learn the account opening procedure, products, offers, services, trading platforms, exposure, brokerage charges, customer care services, and ratings of the company. So go through the whole article minutely to grasp every detail about Jhaveri Securities.
| Jhaveri Securities Highlights | |
| Broker Type | Full Service Broker |
| Demat Account AMC | Rs.400 |
| Margin Required | 75% Margin |
| Intraday Brokerage | 0.02% |
| Delivery Brokerage | 0.10% |
| Exposure | Upto 5x |
What do you know about Jhaveri Securities?
One of the most important things that we shall discuss in this Jhaveri Securities Review is the company. It is a privately-owned broker house with headquarters in Vadodara, Gujarat. Mr. Ashwin C Shroff founded Jhaveri Securities in 1992.
It is a full-service brokerage house that has changed the whole game of the stock business in the country. Clients can avail of a variety of products and services through the broker house at a reasonable charge.
| About Jhaveri Securities | |
| Know a few details about Jhaveri Securities | |
| Which type of Company is it? – Public / Private | Private |
| Which type of Broker is it? – Full Service / Discount | Full-Service Broker |
| Where is the registered office of the Company Located? | Vadodara, Gujrat |
| Who is the Founder of this Company? | Ashwin C Shroff |
| When did the company start? | 1992 |
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What are the various Demat Account Opening Charges levied by Jhaveri Securities?
Jhaveri Securities Demat Account is viral amongst traders as it is incredibly affordable. The broker house is a Depository Participant with CDSL, and the Jhaveri Securities Account Opening charge is as low as NIL.
The AMC charged by the broker house for the Demat account is Rs. 400 and that for the trading account is NIL. The initial margin amount that the clients need to maintain with the company should be at least 75% Margin. Traders offer the facility of dematerialization.
| Jhaveri Securities Demat Account Opening Fees | |
| Check out the various fees charged for Opening a Demat Account with Jhaveri Securities | |
| Which is the Depository Participant involved? | CDSL |
| What are the Demat account opening charges? | NIL |
| How much is the Demat AMC? | Rs.400 |
| What is the Trading AMC? | NIL |
| What is the initial Margin amount required? | 75% Margin |
| Is dematerialization available? | Yes |
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Does Jhaveri Securities provide any Offers to their Clients?
Offers are the tools used by the broker houses to attract the interest of the traders. Jhaveri Securities also provides some suggestions to the clients besides the fact that they maintain a very reasonable brokerage fee.
Jhaveri Securities Offers several discounts on their brokerage fees. The broker house also provides flexible brokerage plans to the traders.
| Jhaveri Securities Offers | |
| Here are the various offers provided by Jhaveri Securities | |
| Does the broker provide a Free Demat A/C offer? | No |
| Does the broker provide Free Trading A/C offer? | No |
| Is this broker offers a Discount on Brokerage? | Yes |
| Does the broker offer Happy hour trading to their clients? | No |
| Is the broking house provides a flexible brokerage plan? | Yes |
| Does the broker offer 1-month Free brokerage? | No |
| Are the Holiday offers provided by the broker? | No |
| Are there any referral offers shared by the broker? | No |
| Zero Brokerage for Loss-Making Trades | No |
What are the Brokerage Charges levied by Jhaveri Securities on various Segments?
If you are planning to take broking services from the broker house, then you should know about their various brokerage charges. The brokerage on equity delivery is 0.10%, and that for equity intraday is 0.02%. Jhaveri Securities Brokerage Charges 0.02% for equity futures, and clients can trade commodities at 0.02% of the cost.
The charge levied on equity options is Rs. Fifty for a single lot and that for the currency futures is 0.02%. Clients have to pay a brokerage of Rs. 60 for one lot of currency options. The company deducts a percentage of every transaction as their minimum brokerage fee.
| Jhaveri Securities Brokerage Charges | |
| Here you will find details of brokerage levied by Jhaveri Securities on all segments | |
| What are the Equity Delivery Charges? | 0.10% |
| What are the Equity Intraday Charges? | 0.02% |
| How much brokerage charged for Commodity Trading? | 0.02% |
| What is the brokerage on Equity Futures? | 0.02% |
| How much brokerage charged for Equity Options? | Rs 60 per lot |
| What is the brokerage on Currency Futures? | 0.02% |
| What is the brokerage on Currency Options? | Rs 60 per lot |
| How much is the Minimum Brokerage required? | Percentage of Transaction |
| What is the Demat AMC? | Rs.400 |
| How much is the Trading AMC? | NIL |
| What is the Minimum Margin Required? | 75% Margin |
Does Jhaveri Securities levy any other charges apart from Brokerage?
Yes, Jhaveri Securities levies some other charges but they are very minimal in amount. The broker house levies a transaction charge of 0.00325% of the total turnover. Jhaveri Securities Charges 0.0126% of the total turnover as an STT charge and 0.00005% as a SEBI turnover charge.
A very nominal amount of money is charged as the stamp duty, and that entirely depends on the state the transaction is taking place. Jhaveri Securities charges 18% as GST on brokerage and transaction charges put together.
| Jhaveri Securities Charges | |
| Get a deep understanding of all other charges levied by Jhaveri Securities | |
| How much are 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 the 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% (Rs.5/Crore) |
| How much is the Stamp Duty levied? | (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
| How is the GST charged? | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
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What is the Limit or Exposure offered by Jhaveri Securities?
Jhaveri Securities Exposure is worth a mention as it is much more than most other broker houses in the nation. The leverage on equity delivery is up to 1 time. Exposure to equity intraday is as high as up to 5 times.
Clients get an advantage of up to 1 time on equity futures and up to 1 time on equity options. The exposure on currency futures is up to 1 time. Jhaveri Securities Margin on currency options is up to 1 time, and that for commodity trading is up to 1 time.
| Jhaveri Securities Exposure or Leverage | |
| Here you will find the exposure or limit provided by Jhaveri Securities | |
| 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 |
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How to Open Jhaveri Securities Demat & Trading Account?
If you want to Open Jhaveri Securities Demat Account, then you will have to follow the steps that are mentioned below. Opening a Demat account with this broker house is comfortable and effortless as the whole process can be operated online.
- Below on this page, you will find a button, click on it
- After clicking on the button you will be directed to the page containing all the details of the account opening process
- You will find a form on that page which you will have to fill up with all the authentic data
- Once you fill-up the form you will have to submit it
- After submitting the form you will be asked for your essential documents for KYC verification
- For the KYC verification process, you will have to scan and upload the original copies of your PAN card, AADHAAR card, Voter ID card, address proof, bank account statement, etc
- Once you finish uploading your KYC documents, the representatives from Jhaveri Securities will call you and guide you through the rest of the process
- After the whole procedure is completed, your Demat account will get activated within a few hours.
If you want to Open Jhaveri Securities Trading Account then you will have to follow the above procedure all over again
What are the various Trading Platforms provided by Jhaveri Securities?
Jhaveri Securities maintains advanced trading platforms that have multiple useful features in them. The company has taken into account that its trading platforms do not exhibit any complexity and can be used effortlessly by traders. There are two types of Jhaveri Securities Trading Platforms, they are:
Jhaveri Securities Trading Terminal
The broker house maintains well-defined trading terminals for both Mac and Windows personal computers. Jhaveri Securities Trading Terminal can be operated very quickly from a desktop or laptop having a steady internet connection. It is very flexible to work and has many useful features
Jhaveri Securities Mobile App
Jhaveri Securities Mobile App can be downloaded on any Android or iOS Smartphone. It is readily available in the app store of both Apple and Android. The mobile app is presently unavailable on other OS
Jhaveri Securities Web Trading Platform
It does not have any web-based trading platform yet.
| Jhaveri Securities Trading Platforms | |
| Here you will find all the important trading platforms available with Jhaveri Securities | |
| Do they have Trading Terminals for Windows? | Yes |
| Do they have Trading Terminals for Mac? | Yes |
| Are they providing Web Trading Platforms? | No |
| Do they have a 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 Jhaveri Securities Trading Applications?
Jhaveri Securities operates two trading platforms, and both are brilliantly designed. Traders can access all the essential information through these platforms. They also get superb assistance through them. However, the Jhaveri Securities Web Trading Platform is yet not available to clients. But the other two platforms have many features that will be discussed below.
The Jhaveri Securities Trading Terminal Features
- It provides real-time updates to the clients
- Clients can view the details of their portfolios through this platform
- Jhaveri Securities Trading Terminal has a news flash
- It can be very easily accessed by the traders
- The platform is capable of providing interactive chartings
- Users can get SMS updates through the trading terminal
Jhaveri Securities Mobile Trading App Features
- The app is meant for Android and iOS devices
- It can be easily downloaded from the app store on the Smartphone
- Users can get real-time updates through the app
- Portfolio detail of the clients can be accessed very easily
- There is a news flash
- Jhaveri Securities Trading App can be easily installed on the phone
- It has got global indices
- Traders can receive live market data through the app
- It can provide SMS alerts to the clients if they opt for
| Jhaveri Securities Trading Application Features | |
| Here you will find various features available in Trading Platforms provided by it | |
| Are these platforms capable of Real-time Updates? | Yes |
| Do these Applications provide Portfolio Details? | Yes |
| Is this software providing Online MF Buy? | No |
| Do these platforms have News Flash? | Yes |
| Are these platforms providing Research Reports? | No |
| Are these platforms Easy to Install & use? | Yes |
| Do these Apps have Global Indices? | Yes |
| Are these platforms having Stock Tips? | No |
| Does this software provide Personalized Advisory? | No |
| Are these platforms capable of Interactive charting? | Yes |
| Do these Apps provide Live Markets data? | Yes |
| Do they provide SMS Alerts? | Yes |
| Are they providing Email Alerts? | No |
| Do these platforms have a Multi-Account Management solution? | No |
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What are the various Products provided by Jhaveri Securities?
Jhaveri Securities provides some of the best products to its clients. A lot of research from the experts goes in the whole process of coming up with the most appropriate products. Jhaveri Securities Products include equity, commodity, currency, options, and futures. The broker also has mutual funds and insurance as products. Clients can also avail of the facility of SIP.
| Jhaveri Securities Products | |
| Here are the various products provided by it | |
| Does the broker allow Equity Trading? | Yes |
| Does the broker allow Commodity Trading? | Yes |
| Do they have Currency Trading products available? | Yes |
| Do they provide Options trading? | Yes |
| Are the clients allowed to trade in Futures? | Yes |
| Do they have Mutual Funds as a 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? | Yes |
What are the various Services offered by Jhaveri Securities?
The company has brought forth some brilliant services for its dedicated clients. The list of Jhaveri Securities Services comprises Demat and trading services.
Clients can avail of intraday services along with IPO. The company provides stock recommendations to clients. Traders get a tremendous amount of exposure in dealing with this broker house. They can get leverage up to 5 times.
| Jhaveri Securities 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? | No |
| Do they have Trading Institution available? | No |
| What is the Trading Exposure this broker provides? | Upto 5x |
Does Jhaveri Securities provide Research & Advisory to their clients?
Yes, Jhaveri Securities provides specific research and advisory to the clients trading with them. Clients can get the Jhaveri Securities Tips on stocks for absolutely free of cost. Top picks are provided to the traders after the Jhaveri Securities Research team researches thoroughly on the market.
The broker house also provides a Relationship Manager to the clients who ask for it. However, Jhaveri Securities Advisory cannot be availed offline by traders.
| Jhaveri Securities Research, Advisory & Stock Tips | |
| Here are the various research activities are done by it | |
| Does the broker share Fundamental Reports? | No |
| Does the broker share Research Reports? | No |
| Do they provide Company Reports to their clients? | No |
| Are they analyzing the Annual Reports of Companies? | No |
| Do they share Company Stock Reviews? | No |
| Are they sharing Free Stock Tips with their clients? | Yes |
| Do they analyze & share IPO Reports? | No |
| Does the broking company provide Top Picks? | Yes |
| Are they sharing Daily Market Review? | No |
| Do they have Monthly Reports? | No |
| Does the broker provide Weekly Reports? | No |
| Are they having Offline Advisory? | No |
| Do they provide Relationship Managers to clients? | Yes |
What are the Customer Care details of Jhaveri Securities?
Jhaveri Securities Customer Care team provides significant support to all of their clients. They offer dedicated dealers to clients. Traders can enjoy the facilities of both online and offline trading, and they can choose according to their convenience.
Jhaveri Securities maintains 35 branches in different parts of the country. Clients can visit those branches and get their problems resolved smoothly.
| Jhaveri Securities Customer Support | |
| Let’s have a better understanding of Customer Care Service | |
| Are they providing Dedicated dealers to their clients? | Yes |
| Do they allow Offline Trading? | Yes |
| Do they have facilities for Online Trading? | Yes |
| Are they providing 24*7 Support? | No |
| Does this broker provide Email Support? | No |
| Is this broker having Chat Support? | No |
| How many Branches the stock broker has? | 35 |
Are there any Complaints filed against Jhaveri Securities by their clients?
As the latest records state, the broker house has a negligible number of complaints lodged against it by the clients. The number of Jhaveri Securities Complaints filed in BSE is only 2. Clients have lodged three complaints against them in NSE.
The company has proved efficient in resolving all the claims that were submitted against it in NSE and BSE. Currently, there are no pending cases in the name of the company.
| Jhaveri Securities Complaints | |
| Here you will know about the Complaints lodged against it | |
| What is the total number of Complaints Lodged in BSE? | 2 |
| How many of these complaints have been Resolved in BSE? | 2 |
| What is the total number of Complaints Lodged in NSE? | 3 |
| How many of these complaints have been Resolved in NSE? | 3 |
What are the Advantages / Benefits of the Jhaveri Securities Trading Account?Â
If you have a Jhaveri Securities Trading Account, then you can be assured of receiving the following advantages:
- The broker house offers a vast trading exposure of up to 5 times to the clients
- They maintain many products and services at an affordable rate
- Jhaveri Securities levies less brokerage charge on their services
- There are many special offers for the traders
- The company provides dedicated dealers to the clients
- Clients get a considerable amount of exposure to various products from the broker house
- The charge for opening a Demat is only Rs. 199 which is very rare in the market
- Traders can get the facility of dematerialization
- The broker house provides discounts on several brokerages
- There are flexible brokerage plans in the company
- They maintain very user-friendly trading platforms
- Jhaveri Securities has a very efficient customer service team who provides brilliant assistance when required
What are the Jhaveri Securities Review & Ratings as per their Customer?
Jhaveri Securities Ratings are very decent. The company has received 6.2 out of 10 points for stock market research and broking advisory. They have fetched 6.4 points for brokerage and other charges. Their products and services have got 6.3 points, and the trading platforms have received 6.5 points.
The experience of the clients in the broking business has fetched them 5.9 points. The company has scored an average of 6.3 points with three stars. We have taken the view of 201 people in completing the Jhaveri Securities Review. All of them have shared their opinion and experience with the broker house with us.
| Jhaveri Securities Ratings & Reviews | |
| We are looking at Companies’ Ratings on various parameters | |
| Stock Market Research & Broking Advisory | 6.2/10 |
| Brokerage & other Charges like – Turnover, Transaction Charges, etc. | 6.4/10 |
| Types of Products & Services the Brand provides | 6.3/10 |
| Performance Mobile App, Trading Terminal & Web Trading Platform | 6.5/10 |
| Experience in the Broking Business | 5.9/10 |
| Total Avg. Rating of Broking House | 6.3/10 |
| Star Rating is given to Stock Broker | ★★★☆☆ |
| Number of People Contributed to These Ratings | 201 |
Jhaveri Securities Conclusion
Jhaveri Securities have been proving its worth for the past 27 years. They have always come up with the best products and services for their clients. The company strives to bring out the most profitable options for traders.
Clients can avail of the products offered by the company at a lower brokerage fee. There are many other advantages of trading with the company that is mentioned in this Jhaveri Securities Review. I hope you will find the article useful.
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