GEOJIT

4.5 Overall

Based in Kochi, Kerela, Geojit BNP Paribas is a well-known and established brokerage house in India offering their clients customized online trading platforms, certified financial advisors, tips and recommendations, strong research ideas, portfolio management services and wide network of over 480 offices across India. The Broker maintains a clean image among its clients and offers extremely competitive brokerage plans.

Brokerage Charges3.5
Platforms & Tools 4.0
Customer Service 4.5
Cons
  • The trading and applications doesn't respond sometimes
  • Geojit charges minimum brokerage of rupees 20 per contract or 1 Paisa per share whichever is higher.
  • Brokerage charges high when compared with other brokers with the same facilities Geojit is offering
  • mobile and trading apps lags while executing trades at peak times

Geojit Overview

Geojit is a leading investment services company in India which is also known as Geojit BNP paribhas.it also has a shipping and financial services wing known as Geojit Technologies Private Limited. 

Geojit is a partnership firm between c J George and Ranajit Kanjilal in the year 1987 and later the company was incorporated in 1994 at Cochin and explored its stock Broking services like Mutual Funds, corporate advisory services, investment in shares. Geojit is a charter member of the financial planning standards Board of India.

Geojit facilitates wide range of investment options like equity, futures and options, IPO's and Mutual Funds.


Geojit Brokerage Charges

Geojit being one of the best stock broker in the market they also have a very reasonable pricing. Geojit is the only traditional broker that gives tough competition to the evolving online discount brokers with their brokerage structure.They have only one standard brokerage plan which you can find in the table below

Brokerage

Rate

Equity intraday

0.03%

Equity delivery

0.30%

Equity futures

0.03%

Equity options

Rs 125/contract

Rs150/contract for carry forward

Currency futures

0.03%

Currency options

Rs 125 /Lot


Geojit Other Charges

For trading account rupees 250 + DP advance AMC of 40 + 18% GST will be taken as account opening charges

In total 472 rupees will be taken as a one-time charge. Trading account maintenance charges will be zero for lifetime and Demat account Annual maintenance charges will be 400/annum. But 1st year AMC will be zero.

They have an offer for a certain period of time that free trading account and Demat account can be given in the case when the client is willing to deposit and upfront margin check of Rs 10000 are having the worth of Rs10000 holding within 15 days.

Geojit charges Rs 250/ contract or one paisa per share to the maximum of 2.5%/share.


Geojit Platforms & Tools

Geojit has a state of the art online trading platform called Selfie which has multiple conveniences. It has enhanced buying power for Demat holdings and unsettled shares purchased in previous statement.

Selfie has 3 variants of trading platforms for desktop software, web based and mobile trading.

Selfie Gold:

Selfie gold is a web trading application by Geojit. It is powered by latest web technologies and has a great user interface so selfie gold is a top notch application which is easily understandable and also gives a great support at peak times of the market.

  • It has customizable dashboards and widgets.
  • Integrated Security view with quotes, charts, news, recommendations MBP, F&O Chains
  • Market research, real-time news aggregation and visualization engine is available.
  • General information for all users under the open access area is an added advantage.
  • Collective Trading at a click distance
  • Advanced chatting platform where you can directly trade from the chart.
  • Advanced chart types like Heiken-Ashi ,  Kagi, Point & Figure, Renko & Line Break, 90 + Studies and indicators.
  • It has great adaptable features like rich F&O Analytics and Visualization Engine, Sectoral heat maps, Futures and options chains, Option Greeks charting and VWAP Screeners.

Selfie Platinum:

Selfie Platinum is the next generation desktop trading terminal which can be downloaded as an .exe file fully compatible with windows system. It is a best platform for active traders who make scalping deals and take advantages of small moments of prices.

Considerable features:

Selfie Platinum is alike selfie gold with all the features marked with a great pace.

  • Customizable screen layout and setting
  • Professional, classic and customized market watch is allowed
  • One of its kind trading terminals for faster execution with instant trade confirmation.
  • Equity, F&O and currency quote in a single market was screen.
  • Updated index and index chart tick by tick in real time.
  • Fastest online fund transfer facility
  • Orders can be placed after the market hours.
  • You can invest into mutual funds and IPO's within small stations
  • Intraday and EOD is possible.
  • Using appropriate parameters technical indication is an added advantage.

Selfie mobile:

Flip me is a former name of Selfie mobile. It has the cutting edge Technology for faster executions of trades. It was launched in 2010 and has  great updations after regular intervals with additional functionality to keep the Competitors at Bay.

The combination of innovation within the affordable range with an user friendly interface and is integrated with the latest technology. Even for novice traders’ long term traders it's a great step having Selfie mobile app on their phones.

Prominent features of Selfie mobile:

  • Portfolio, MBP and streaming market watch.
  • Portrait and landscape view is possible.
  • Multiple exchanges like NSE, BSE, FEO, currency and mutual funds all under single sign in within the screen. 
  • Tick by tick intraday charts.
  • automated call flow facility to customer care.
  • research tips and Recommendations also Orders and trades popup as you like it.
  • customized settings
  • online pay in and payout.

Geojit Education & Research

In the case of education and research they should have a special mention as the take both education and research seriously and guide the clients and traders from "what is the share market?" To "which share to buy?". They have an educational innovation called classroom. With the name classroom they provide educational spaces between regular intervals where are  guided by professionals about the in and out of the stock market and introduction to trading platforms and mobile trading apps.

the research tips and recommendations have a great potential of growth to the client in the long run.They have a great research team which can guide you with the tips whether the market is bullish or bearish.


Geojit Customer Service

Geojit has all modes of customer service medium like dedicated toll free number and customer care numbers but they doesn't provide any WhatsApp chat sessions on numbers.

CORPORATE OFFICE:

Geojit Financial Services Ltd.

34/659-P, Civil Line Road Padivattom, Kochi 682024

Phone: 0484-2901000

 Toll Free Number -1800-425-5501

Email Id : customercare@geojit.com

They have a great customer service. They  strive for excellence in customer service in the first place they are grade A in customer service and they have a special place in customer delight.

All of the customer service executive at Geojit professionals who are excellent in clearing customer concerns and clarifying their doubts. So if you want a great customer care Geojit is one of its kinds.


Geojit Closing Thoughts

Geojit is mostly concerned about the customer care and their platforms are top notch and they are next generation ready. But their brokerages and other charges are what the customers are mostly concerned about. At peak market Times, the platforms and mobile app may have lag or doesn't respond. Despite their brokerage charges everything else is great.

It's very good to have a Geojit account so you no need to go around for your investment solutions. Geojit provides everything about the Investments. They have great educational initiative called classroom which is very much helpful for the clients.

For novice traders classroom is like first introduction to the stock market and their platforms and tools. They have systemic Investment plans, mutual funds, equity, currency, F&O's, retirement plans, bonds, not what everything about money.  The research team is also has a special place to mention. The tips and recommendations can lead you to great profits in the long run.