JM Financial Review, Special Offers, Demat, Trading A/C and Brokerage

JM Financial is a very well-renowned broker house of India. The company is running successfully for many years and has a considerable number of clients.

It provides brilliant products and services to the traders that help them in earning a significant amount of profit. The article you are going through is all about JM Financial Review. Here you will get a detailed overview of the profile of this company.

Various queries regarding the brokerage fees, account opening procedure, exposures offered, products, services, trading platforms, offers, reviews, etc. about the company will be addressed in details. Therefore you should not miss out on any point if you are looking forward to partnering with this broker house.

JM Financial Highlights
Broker TypeFull Service Broker
Demat Account AMCRs.299
Margin RequiredRs.15,000 Minimum
Intraday Brokerage0.05% -0.015%
Delivery Brokerage0.5% – 0.15%
ExposureUpto 7x

JM Financial Offers

What do you know about JM Financial?

Here we will discuss the company profile of JM Financial in brief. It is a public company situated in Mumbai, Maharashtra. JM Financial is a full-service broker house that looks after the profile of a vast number of clients.

Mr. Nimesh Kampani established it in the year 1986. JM Financial Review states that they have many products and services that the clients can avail at a reasonable rate. The broker house maintains transparency in their business, and that is attracting more clients towards them.

About JM Financial 
Know few details about JM Financial 
Which type of Company is it? – Public / PrivatePublic
Which type of Broker is it? – Full Service / DiscountFull Service Broker
Where is the registered office of Company Located?Mumbai, Maharashtra
Who is the Founder of this Company?Nimesh Kampani
When did the company started?1986

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What are the various Demat Account Opening Charges levied by JM Financial?

JM Financial Demat Account provides multiple facilities at an affordable charge, and it is registered with the Depository Participant CDSL. Rs. 799 is charged as JM Financial Account Opening fees.

The company levies an AMC of Rs. 299 on the Demat account and the maintenance cost for the trading account is zero. Clients need to maintain a margin amount of at least Rs — 15,000 with JM Financial to operate a Demat account. The broker house provides the facility of dematerialization to the traders.

JM Financial Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with JM Financial 
Which is the Depository Participant involved?CDSL
What are the Demat account opening charges?Rs.799
How much is the Demat AMC?Rs.299
What is the Trading AMC?Free
What is the initial Margin amount required?Rs.15,000 Minimum
Is dematerialization available?Yes

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Does JM Financial provide any Offers to their Clients?

Yes, like any other broker house in the nation, JM Financial also provides certain offers to the clients to attract their attention. Though the company charges very low brokerage on its various services still it chooses to give some extra advantage to its clients.

JM Financial Offers is inclusive of free Demat account and trading account. There are also some special discounts on brokerage charges that the clients can avail. JM Financial offers flexible brokerage plans to the traders.

JM Financial Offers
Here are the various offers provided by JM Financial 
Does the broker provide Free Demat A/C offer?Yes
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?No
Are there any referral offers shared by the broker?No
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by JM Financial on various Segments?

A trader needs to know the JM Financial Brokerage Charges in details before he trades with the company. The broker house maintains a nominal brokerage charge on all of its products and services. It charges between 0.5% and 0.15% for equity delivery. The brokerage on equity intraday and equity futures is between 0.05% and 0.015%.

There is no charge levied on commodity trading. For equity options, the broker house charges Rs. 20 to Rs. 75 for a lot. The charge for currency futures is between 0.05% and 0.015% and that for currency options is in the range of Rs. 20 to Rs. 75. The broker house deducts a percentage of each transaction as its minimum brokerage.

JM Financial Brokerage Charges 
Here you will find details of brokerage levied by JM Financial on all segments
What are the Equity Delivery Charges?0.5% – 0.15%
What are the Equity Intraday Charges?0.05% -0.015%
How much brokerage charged for Commodity Trading?NA
What is the brokerage on Equity Futures?0.05% -0.015%
How much brokerage charged for Equity Options?Rs.75 – Rs.20 per Lot
What is the brokerage on Currency Futures?0.05% -0.015%
What is the brokerage on Currency Options?Rs.75 – Rs.20 per Lot
How much is the Minimum Brokerage requires?Percentage of Transaction
What is the Demat AMC?Rs.299
How much is the Trading AMC?Free
What is the Minimum Margin Required?Rs.15,000 Minimum

Does JM Financial levy any other charges apart from Brokerage?

Yes, JM Financial Charges nominal fees other than their brokerage. A transaction charge of 0.00325% of the total turnover is levied on each transaction carried out. 0.0126% of the total turnover is charged as STT charge and 0.0002% as SEBI Turnover charge.

The stamp duty collected by the company is very less and depends on the state the transaction is taking place. A GST of 18% is charged on the brokerage and transaction charges.

JM Financial Charges
Get deep understanding of all other charges levied by JM Financial 
How much is the Transaction Charges levied?0.00325% of Total Turnover
What are the STT charges?0.0126% of Total Turnover
What are the SEBI Turnover charges?0.0002% of Total Turnover
How much is the Stamp Duty levied?Depends on State (very minimal)
How are the GST charged?18% of (Brokerage + Transaction Charges)

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What is the Limit or Exposure offered by JM Financial?

The company provides excellent exposure to the traders trading with them. JM Financial Exposure on equity intraday is very high, and that is up to 7 times. The leverage on equity delivery is up to 1 time, and that on equity futures is up to 2 times.

JM Financial provides a limit of up to 4 times on equity options, and the exposure on currency futures is up to 3 times. The leverage on currency options is up to 3 times. JM Financial Margin on commodity trading is up to 2 times.

JM Financial Exposure or Leverage
Here you will find the exposure or limit provided by JM Financial 
How much is the limit on Equity Delivery?Upto 1x
What is the limit on Equity Intraday?Upto 7x
How much is the limit on Equity Futures?Upto 2x
What is the limit on Equity Options?Upto 4x
What is the exposure on Currency Futures?Upto 3x
How much is the leverage on Currency Options?Upto 3x
What is the limit on Commodity Trading?Upto 2x

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How to Open JM Financial Demat & Trading Account?

You have to follow some easy steps to Open JM Financial Demat Account and trading account. The procedure is entirely online and is very easy to follow.

You will get all the necessary details below. To Open JM Financial Trading Account just follow these steps.

  1. You will have to click on the button that you will find on the screen below
  2. As soon as you click the button, a new page will open, and that will display the total procedure of opening a Demat account
  3. There you will find the account opening form which you will have to fill up
  4. After filling up the way you will be asked for your KYC documents
  5. You will have to scan your essential documents like Pan card, AADHAAR card, Voter ID card, an address proof, bank account statement, and some others and upload them for KYC verification
  6. Once your KYC verification is completed the executives will take charge of the rest of the procedure
  7. Your Demat account will get activated within a few hours, and you can start trading

What are the various Trading Platforms provided by JM Financial?

There are some incredibly innovative trading platforms maintained by the broker house that has made the task of traders much more comfortable. These trading platforms are user-friendly and ditch any complexity. The three kinds of JM Financial Trading Platforms are discussed below:

JM Financial Trading Terminal

The company maintains a trading terminal for both Mac and Windows operating systems. JM Financial Trading Terminal is very flexible to work, and anyone can use it with the utmost ease. Clients can get access to it through their desktops and laptops that have an active internet connection.

JM Financial Web-based Platform

JM Financial operates a web-based trading platform for only Smartphones. It is fast and opens in all the widely-used browsers like Mozilla Firefox, Internet Explorer, Google Chrome, etc. There are many features in this trading platform that help the clients in trading.

JM Financial Mobile App

JM Financial Mobile App is available for all Android and iOS mobile phones. The app can be easily downloaded from the app store and occupies less resources.

JM Financial Trading Platforms
Here you will find all the important trading platforms available with JM Financial 
Do they have Trading Terminals for Windows?Yes
Do they have Trading Terminals for Mac?Yes
Are they providing Web Trading Platform?No
Do they have Mobile Web Platform?Yes
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 JM Financial Trading Applications?

The trading platforms operated by JM Financial are undoubtedly very innovative and have the latest specifications. They have multiple features that are providing all types of assistance to the traders.

Below we have discussed the characteristics of these trading platforms in details for your better understanding.

JM Financial Trading Terminal Features

  • Clients get real-time updates from the JM Financial Trading Terminal
  • It provides details of the portfolios of the clients
  • Users can buy mutual funds online through it
  • It has a news flash
  • The platform provides research reports to the clients
  • It is easy to install
  • The trading terminal of JM Financial provides · Global indices and stock tips

JM Financial Web-Based Platform Features

  • The web-based platform operated by the company is solely designed for mobile phones
  • JM Financial Web Trading Platform can be accessed through all the browsers that are commonly used
  • It is very user-friendly
  • Stock tips are available for the clients
  • The web trading platform is capable of interactive chartings
  • It provides news flash

JM Financial Trading App Features

  • The app provides portfolio details to the clients
  • JM Financial Trading App is straightforward to install
  • It provides live markets data
  • Global indices are available here
  • It can provide real-time updates to the traders
JM Financial Trading Application Features
Here you will find various features available in Trading Platforms provided by JM Financial 
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?No
Are they providing Email Alerts?No
Do these platforms has Multi Account Management solution?No

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What are the various Products provided by JM Financial?

The broker house provides a host of brilliant products to the clients. The list for JM Financial Products is quite long, and it contains equity, commodity, currency, options, and futures.

Clients can buy mutual funds through the company. JM Financial allows Forex trading and SIP to the clients. It also has insurance products. The broker house always offers the products after researching on them very nicely.

JM Financial 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 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?Yes
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 JM Financial?

There are many JM Financial Services that the clients can avail. The company offers Demat and trading services. There are intraday services and IPO services that clients can opt for.

The broker house provides useful recommendations for buying the appropriate stocks. JM Financial provides portfolio management services (PMS) to its clients. This broker house offers a whooping trading exposure of up to 7 times to the traders.

JM Financial 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 7x

Does JM Financial provide Research & Advisory to their clients?

JM Financial Research services are much ahead than many other broker houses. The company shares the reports of fundamental, research, and company with the clients. They analyze annual reports of companies and share the stock review of their own.

JM Financial Tips on stocks are available for free. They analyze and share IPO reports and provide top picks. The broker house shares the daily market review, monthly reports, and weekly reports. JM Financial Advisory is available offline, and they also provide Relationship Manager.

JM Financial 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?Yes
Are they analysing Annual Reports of Companies?Yes
Do they share Company Stock Review?Yes
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 JM Financial?

JM Financial Customer Care provides dedicated dealers to clients. They also allow both online and offline trading. The customer care team is available round the clock. JM Financial has 50 branches all across the nation.

JM Financial 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?50

Are there any Complaints filed against JM Financial by their clients?

The total number of JM Financial Complaints lodged with BSE is 5, and that with NSE is seven as per the latest records. But the broker house proved efficiency by resolving all the complaints that have been lodged by the clients.

JM Financial Complaints
Here you will know about the Complaints lodged against it
What is the total number of Complaints Lodged in BSE?5
How many of these complaints have been Resolved in BSE?5
What is the total number of Complaints Lodged in NSE?7
How many of these complaints have been Resolved in NSE?7

What are the Advantages / Benefits of JM Financial Trading Account? 

The JM Financial Trading Account has many advantages that compel traders to operate them. These advantages can be summed up as below:

  • Clients are provided a trading exposure of up to 7 times
  • JM Financial offers a large number of products and services to the clients
  • The brokerage charges are very low
  • There are various types of research services provided by the company
  • They provide brilliant customer service
  • The company maintains brilliant trading platforms
  • Clients get the advantages of lucrative offers
  • They follow transparent business schemes
  • A very less amount of money is charged for opening the Demat and trading accounts

What are the JM Financial Review & Ratings as per their Customer?

JM Financial Ratings for stock market research and broking advisory is 6.2 out of 10 points. The brokerage and other charges have received 6.4 points from the clients. Customers have rated the products and services provided by JM Financial with 6.3 points.

The various trading platforms operated by the company like trading terminal, web-based platform, and mobile app has received 6.5 points. Customers have given 5.9 points to the experience of the broker house in the broking business.

JM Financial has received an average rating of 6.3 points along with three stars. To frame this whole JM Financial Review, we have got the help of 329 people who have contributed their views about the broker house.

JM Financial Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory6.2/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.6.4/10
Types of Products & Services the Brand provides6.3/10
Performance Mobile App, Trading Terminal & Web Trading Platform6.5/10
Experience in the Broking Business5.9/10
Total Avg. Rating of Broking House6.3/10
Star Rating of given to Stock Broker★★★☆☆
Number of People Contributed to these Ratings329

JM Financial Conclusion

We have tried to provide an overview of JM Financial by bringing together all the important points about the company. It is surely one of the best broker houses in the country and provides many facilities for the traders.

You can contact the company if you want to trade with it after going through this JM Financial Review. The executives will ensure that you have the best experience and earn the maximum profit with their help.

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