JM Financial Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out everything related to JM Financial Review here. Incorporated in 1986, JM Financial is a full-service, integrated brokerage house in India.

It’s a prominent financial services group offering investment banking, asset management services, mortgage lending, and distressed credit to high-net-worth individuals, retail investors, financial institutions, and corporations.

The Mumbai-based public company has proven its worth within national and international markets by serving over 63,000 clients.

The brokerage firm’s product offerings include derivatives, equities, commodities, portfolio management services, and futures.

This Review discusses all the ins and outs of its broking business, from pros and JM Financial Charges to offers and technological platforms.

Why Trade or Invest with JM Financial?

Let’s discuss the points working in favour of opening the JM Financial Account to invest or trade with the firm:

• Having been in the market for over three decades, JM Financial has rich experience and understanding of how the stock market works and, thus, helps you make profitable trades.
• You can use the JM Financial brokerage calculator to calculate relevant brokerage on the company’s products, from equities to currencies and commodities. Additionally, using this calculator, you can quickly calculate stamp duty, securities transaction tax, transaction charges, and more.
• The company has a solid research team to guide you on trading and investments. They provide periodic reports analyzing markets, IPOs, and trends across multiple exchanges.
• New investors can learn more about the stock market by accessing services like BNST and ODIN.

Here’s a quick look at the JM Financial Brokerage charges you might have to pay after trading with the firm:

• First, you should know that the company specifies a standard brokerage plan for its active clients.
• There are no subscription charges in JM Financial.
• The brokerage charges vary for different trading options. For instance, you must pay 0.15% of your transaction value for equity delivery trading. Your brokerage charges are Rs. 30 per lot to trade in equity options.
• However, the company charges the same amount for equity intraday, commodity futures, and currency futures trading, i.e., 0.02% of your transaction value.

JM Financial Calculator

Calculate Brokerage Charges of JM Financial.

How to Open a JM Financial Demat Account?

This section discusses the instant, paperless, step-by-step process of opening the JM Financial Demat Account:

1. Fill out the form on this screen to open a free Demat account with JM Financial. Enter your name as given on Aadhaar card, mobile number, email address, and city.
2. After submitting the form, expect a call from JM Financial’s executives.
3. The executives will inform you of the further steps involved in the Demat account opening process and the required documents.
4. After submitting the listed documents, the company’s team will verify them and complete your KYC.
5. Once you have completed the above-discussed steps, JM Financial will send you your account details on your mobile phone.

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JM Financial Review is incomplete without discussing the company’s technological offerings. It offers limited technical support to traders and investors alike.

The firm has launched its trading applications that Android and iOS users can use. This cutting-edge mobile-based software offers many features, including a wishlist, online MF buy, real-time updates, portfolio details, Interactive charts, and more.

Apart from the app, you can use the brokerage house’s mutual fund investment platform to buy and sell mutual funds online.

In the name of JM Financial’s trading platforms, you can only access its mobile-based app and mutual fund investment platform.

JM Financial has been proactively catering to investors and traders with various financial services for over three decades.

The most significant reason for its success is its presence across online and remote trading platforms.

You can access a series of remote trading platforms called SMART for a seamless trading experience even when living in a remote area.

These platforms can be used on mobile, desktop, tablet, and browser. SMART is a front end boasting several top-notch features, enabling you to access remote trading facilities from anywhere, at any time.

The following discussed are JM Financial’s SMART trading platforms:

JM Financial Mobile Trading App: Blink Trade App

Traders registered under the company’s SMART initiative can access a dedicated JM Financial App on Android or iOS mobile devices. The app comes loaded with the following listed features:

• The integrated market watch feature lets users view all active trades in real-time.
• Users can create multiple profiles using the same device. Separate entities can use these profiles.
• Traders can trade in multiple classes using the JM Financial Blink Trade App. In addition, they can access various stock exchanges simultaneously.
• The app facilitates instance transmission of buy and sell requests to stock exchanges.
• You can view stocks, funds, and net positions across several indices and exchanges.
• It provides real-time information about scrips and contracts.
• You can request leading banks for fund transfers.
• The app facilitates the calculator as a trading tool.

JM Financial Trading Terminal

In addition to a mobile-based app, JM Financial has developed a dedicated SMART desktop-based trading platform.

This terminal-based trading software gives tough competition to NSE’s NEST regarding stability. You can use the JM Financial Trading terminal on computers or laptops having Windows 7, 8, and 9.

Below listed are some main features and functionalities of the trading terminal:

• Integrates market watch according to the user’s will.
• Users can create multiple profiles using the same device, which separate entities can use.
• Traders can trade in multiple classes simultaneously while monitoring them in real-time.
• In addition, traders can access multiple stock exchanges simultaneously for more qualitative and quantitative trading exposure.
• The trading terminal facilitates the instant transmission of buy and sell requests to stock exchanges.
• You can view stocks, funds, and net positions across several indices and exchanges.
• Users are allowed to customize watch lists per their requirements and specifications.

JM Financial Browser-Based Platform: Blinktrade Web

JM Financial’s Blinktrade Web is a remote trading platform on browsers. The following discussed are some savvy features of this SMART browser-based trading platform:

• Integrates market watch, allowing users to access all active trades in real time.
• Users can create multiple profiles using the same device that separate entities can use.
• Traders can trade in various classes simultaneously while monitoring them in real time.
• Traders can access multiple stock exchanges simultaneously for more qualitative and quantitative trading exposure.
• The bowser-based platform facilitates instance transmission of buy and sell requests to stock exchanges.
• Users can view stocks, funds, and net positions in real-time across several indices and stock exchanges.
• The platform lets users view top gainers and losers across stock exchanges and indices.

JM Financial Tablet-Based Platform

JM Financial offers a remote trading platform that users can use on their tablets called SMART Tablet.

This trading platform provides the same features as the company’s mobile-based, desktop-based, and browser-based trading platforms.

Here discussed are the JM Financial offers you can access after investing in the company.

• The brokerage house has crafted a flexible brokerage plan.
• You can access expertly written research reports to understand the exchanges. The best part is that you don’t have to pay for analyzing research reports.
• Traders can enjoy free trading calls in the comfort of their homes.
• You can refer and invite new clients and receive up to Rs. 500 per client.
• In addition, the firm facilitates margin funding or pledging.

JM Financial SWOT Analysis

Here is the SWOT Analysis on JM Financial.

Strength

• JM Financial SMART brings the functionality of online trading software to the user’s PC, tablet, or mobile phone.
• 63+ branches nationwide allow easy access to traders or investors who prefer offline trading.
• Many national and international organizations have acknowledged and rewarded JM Financial with the most celebrated awards.
• A dedicated research team informs traders about market trends and events.
• Traders can earn extra bucks by participating in the firm’s referral program.

Weakness

• The long-standing broking company has many complaints registered in different stock exchanges by clients and brokers that are yet to be resolved.
• JM Financial is behind other Indian brokerage houses regarding technological support.
• The firm asks its traders to maintain at least a 15,000 INR balance in terms of Margin Money.

Opportunities

• JM Financial should introduce more technological platforms to offer traders a smooth trading experience.
• The company can offer brokerage cashback to increase client satisfaction rate.
• JM Financial can introduce modern financial products like foreign stocks, corporate bonds, banking, digital gold, and more to broaden its clientele.

Threat

• Long-standing brokerage houses offer a broad spectrum of trading platforms, which can be a significant threat.
• New entrants offering modern financial products can be formidable competitors.
• Uncertain stock exchanges and markets bring uncertainties in the working of JM Financial.

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Now that you have opened the JM Financial Trading Account look forward to accessing the following research and advisory support facilities:

• Fundamental reports will help you understand how JM Financial works.
• Research reports are an excellent source for knowing what’s happening in the market.
• IPO reports will help you know upcoming IPOs beforehand and prepare to invest accordingly.
• Stock tips will tell you the best stocks to invest in or trade in the exchanges.
• In addition, you can access technical reports and relationship manager support.

This section discusses what kind of JM Financial Margin or leverage you can expect from the company:

• The table shows that the firm offers a margin exposure of 1 time on equity delivery trading.
• For equity intraday trading, you can access up to 5 times the margin, depending on the stocks you trade in.
• Traders can access 1x margin exposure for the equity and commodity trading in the F&O carry forward.
• Lastly, you can access 1.3x margin exposure for the equity and commodity trading in the F&O intraday.

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In today’s corporate world, the customer is considered the king, and companies launch their products and services keeping in mind their target customers.

One of the primary services customers expect from all organizations is customer support, and JM Financial is no exception.

The brokerage house provides trading support and access to a dedicated dealer without charging a single penny.

To contact the JM Financial Customer Care desk, call 022-50237000 or email [email protected].

Traders well-versed with social media platforms can also head to the company’s Facebook, Twitter, and Telegram pages to resolve their queries.

Offline support is also available via numerous branches and offices for traditional clients.

Knowing the JM Financial Complaints statistics is the ideal way to understand how the firm handles customer queries and complaints.

The brokerage house received ten complaints, as per the latest figures. Its team resolved seven complaints, leading to a 70% determined complaints ratio.

Out of 10 complaints, three were non-actionable. So, the percentage of complaints the company couldn’t take action was 30%.

JM Financial Charges

Other than brokerage charges, there are JM Financial Account Opening Charges of Rs. 300. You must also deposit 450 INR for yearly account maintenance.

The following are STT & CTT, stamp duty, transaction, pledge, and hidden charges:

• STT & CTT charges can range from zero to 0.01%. For instance, there are no STT & CTT charges for currency F&O. For equity delivery trading, you must pay 0.1% on buy and sell.
• Stamp duty charges can vary from 0.0001% for currency F&O trading on the buy side to 0.015% for equity delivery trading on the buy side.
•  Transaction charges for equity delivery and intraday trading are 0.00335% (NSE) and as per chosen stock (BSE). Furthermore, transaction charges for commodity options, especially non-agriculture products, is 0.05%.
• To create or invocate a pledge, you must pay 40 INR for each request.
• JM Financial Hidden Charges include SEBI turnover charges of Rs. 10/crore (all segments), DP charges of Rs. 30 for each scrip on the sell side, GST, and dematerialization charges.

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JM Financial Review – Conclusion

JM Financial has proven its mettle with every financial product and service they have introduced and every appreciation it has garnered.

Although the Indian brokerage house provides a limited trading platform, it has developed SMART remote platforms, allowing trading from anywhere at any time.

Furthermore, this JM Financial Review is your best solution to know what trading experience the brokerage house can provide.

Trading with JM Financial can pave a path for a successful career as a trader.

FAQs on JM Financial Review

Here is a list of major FAQs on JM Financial Review.

Is JM Financial a Safe Broker?

JM Financial is a safe broker as it’s registered with SEBI. Beginners often fear losing money due to scams by the stockbroker.

JM Financial functions while adhering to SEBI and the financial market’s guidelines, so panic is unjustified.

Is JM Financial Good for Beginners?

Because of cheap brokerage charges, beginners usually look forward to investing in discount brokerage houses.

JM Financial is a full-service stockbroker; beginners should know it charges higher brokerage.

How many active clients does JM Financial have?

JM Financial has over 63,000 active clients.

Who is the Founder of JM Financial?

Nimesh Kampani is the founder of JM Financial.

Does JM Financial provide Free Delivery Trading?

JM Financial doesn’t provide free delivery trading; you must pay 0.15% of your transaction value.

What are Intraday Trading Charges in JM Financial?

Intraday Trading charges in JM Financial are 0.02% of the client’s transaction value.

What are the JM Financial F&O Charges?

The JM Financial F&O charges are 0.02% of the client’s transaction value.

Does JM Financial charge for Commodity Trading?

JM Financial charges 0.02% of the transaction value for the commodity future and Rs. 30 per lot for the commodity option.

Does JM Financial charge for Currency Trading?

JM Financial charges 0.02% of transaction value for currency futures and Rs. 30 per lot for currency options.

Does JM Financial provide Research?

JM Financial provides research, company, IPO, and technical reports. In addition, you can get stock tips and relationship manager support.

How to contact JM Financial Customer Care?

You can contact the JM Financial customer care desk by calling 022-50237000 or emailing [email protected].

Additionally, you can head to the company’s Facebook, Twitter, and Telegram pages and visit offices and branches to resolve their queries.

How much is AMC in JM Financial?

You must pay 450 INR annually to maintain your Demat and trading account with JM Financial.

What are Account Opening Fees in JM Financial?

To open your Demat account with JM Financial, you must pay Rs. 300.

What are Pledge Creation Charges in JM Financial?

To create a pledge in JM Financial, you must pay 40 INR per request.

How much are Pledge Invocation Fees in JM Financial?

To invocate a pledge in JM Financial, you must pay 40 INR per request.

Does JM Financial levy any Interest on Margin Trade Funding?

JM Financial levy 0.073% daily as the interest on margin trade funding.

What are DP Charges in JM Financial?

Depositary Participant (DP) charges in JM Financial are Rs. 30 per scrip on the sell side.

Does JM Financial levy any Account Closure Fees?

JM Financial levies no account closure fees.

What are Account Reactivation fees in JM Financial?

You don’t have to pay anything to reactivate your Demat and trading account in JM Financial.

What are Call and trade Charges in JM Financial?

You don’t have to pay anything to call and trade in JM Financial.