JM Financial is a very well-renowned broker house in India. The company is running successfully for many years and has a considerable number of clients.
It provides brilliant products and services to 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 detail. Therefore you should not miss out on any point if you are looking forward to partnering with this broker house.
| JM Financial Highlights | |
| Broker Type | Full-Service Broker |
| Demat Account AMC | Rs. 650 |
| Margin Required | 75% Margin |
| Intraday Brokerage | 0.02% |
| Delivery Brokerage | 0.15% |
| Exposure | Upto 5x |
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 1973. JM Financial Review states that they have many products and services that the clients can avail of at a reasonable rate. The broker house maintains transparency in their business, and that is attracting more clients towards them.
| About JM Financial | |
| Know a few details about JM Financial | |
| 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 the Company Located? | Mumbai, Maharashtra |
| Who is the Founder of this Company? | Nimesh Kampani |
| When did the company start? | 1973 |
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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. NIL is charged as JM Financial Account Opening fees.
The company levies an AMC of Rs. 650 on the Demat account and the maintenance cost for the trading account is zero. Clients need to maintain a margin amount of at least 75% Margin 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? | NIL |
| How much is the Demat AMC? | Rs. 650 |
| What is the Trading AMC? | NIL |
| What is the initial Margin amount required? | 75% Margin |
| 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 clients to attract their attention. Though the company charges very low brokerage on its various services still it chooses to give some extra advantages to its clients.
JM Financial Offers are inclusive of a free Demat account and trading account. There are also some special discounts on brokerage charges that the clients can avail of. JM Financial offers flexible brokerage plans to traders.
| JM Financial Offers | |
| Here are the various offers provided by JM Financial | |
| Does the broker provide a Free Demat A/C offer? | Yes |
| Does the broker provide Free Trading A/C offer? | Yes |
| 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 JM Financial on various Segments?
A trader needs to know the JM Financial Brokerage Charges in detail before he trades with the company. The broker house maintains a nominal brokerage charge on all of its products and services. It charges 0.15% for equity delivery. The brokerage on equity intraday and equity futures is 0.02%.
There is no charge levied on commodity trading. For equity options, the broker house charges Rs. 25 for a lot. The charge for currency futures is 0.02% and that for currency options is in the range of Rs. 25. 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? | 0.15% |
| What are the Equity Intraday Charges? | 0.02% |
| How much brokerage charged for Commodity Trading? | Rs 25 per lot |
| What is the brokerage on Equity Futures? | 0.02% |
| How much brokerage charged for Equity Options? | Rs 25 per lot |
| What is the brokerage on Currency Futures? | 0.02% |
| What is the brokerage on Currency Options? | Rs 25 per lot |
| How much is the Minimum Brokerage required? | Percentage of Transaction |
| What is the Demat AMC? | Rs. 650 |
| How much is the Trading AMC? | NIL |
| What is the Minimum Margin Required? | 75% Margin |
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 0.00005% 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 a deep understanding of all other charges levied by JM Financial | |
| How much are the Transaction Charges levied? | 0.00286% 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 are the GST charged? | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
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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 5 times. The leverage on equity delivery is up to 1 time, and that on equity futures is up to 1 time.
JM Financial provides a limit of up to 1 time on equity options, and the exposure on currency futures is up to 1 time. The leverage on currency options is up to 1 time. JM Financial Margin on commodity trading is up to 1 time.
| 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? | 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 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.
- You will have to click on the button that you will find on the screen below
- As soon as you click the button, a new page will open, and that will display the total procedure of opening a Demat account
- There you will find the account opening form which you will have to fill up
- After filling up the way you will be asked for your KYC documents
- You will have to scan your essential documents like a Pan card, AADHAAR card, Voter ID card, address proof, bank account statement, and some others and upload them for KYC verification
- Once your KYC verification is completed the executives will take charge of the rest of the procedure
- 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 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 fewer 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 Platforms? | No |
| Do they have a 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 traders.
Below we have discussed the characteristics of these trading platforms in detail 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
Web-Based Platform JM Financial 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 |
| Is this software 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 |
| 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? | No |
| 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 JM Financial?
The broker house provides a host of brilliant products to 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 clients. It also has insurance products. The broker house always offers the products after researching 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 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? | 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 of. 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 5 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 5x |
Does JM Financial provide Research & Advisory to their clients?
JM Financial Research services are much ahead of many other broker houses. The company shares the reports of fundamentals, 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 are done by it | |
| Does the broker share Fundamental Reports? | Yes |
| Does the broker share Research Reports? | Yes |
| Do they provide Company Reports to their clients? | Yes |
| Are they analyzing the Annual Reports of Companies? | Yes |
| Do they share Company Stock Reviews? | Yes |
| Are they sharing Free Stock Tips with 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 Managers 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 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? | 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 efficient by resolving all the complaints that 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 5 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 advantage 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 the 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 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 | 329 |
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 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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