Geojit Review – Charges, Trading Platforms, Demat Account, Offers & more

Know everything about Geojit Review here. With over 2.3 million clients, Geojit is one of India’s leading full-service stock brokers.

In 1986, Ramanathan Bupathy and C.J. George formed a company that grew in popularity later.

Presently, the company has headquarters in Kochi. In addition, joining fees or maintenance costs (AMC) don’t count in Geojit Charges.

As a result, clients can relax and have a good time with Geojit. There’s so much to learn in this Geojit Review, so let’s jump straight to the topic.

Why trade or invest with Geojit?

Trading or investing with a Geojit Account offers several benefits, such as:

• Firstly, Geojit has a large customer base, with over 2.3 lakh active clients.
• Also, opening an account with Geojit is free, making it quick for newbies to open an account.
• Geojit does not charge AMC, saving investors from other costs.
• In terms of trading charges, Geojit offers competitive rates, with delivery charges set at 0.3% of the transaction value and pretty low intraday charges.
• Also, Geojit provides the flexibility to trade multiple stocks, allowing investors to expand their portfolios.
• Lastly, the brokerage fee is affordable, with a charge of either Rs. 20 per trade or 0.03% of the transaction value (whichever is lower).

Geojit brokerage charges are pretty interesting. Firstly, there are no subscription charges. For equity delivery, the brokerage fee is 0.30% of the transaction value.

In the case of equity intraday trading, there is a charge of Rs.20 per trade or 0.03% (whichever is lower).

For equity futures, the brokerage fee is 0.01% of the transaction value. Regarding equity options, there is a charge of Rs.20 per lot.

Similarly, the brokerage fee for commodity futures is 0.01% of the transaction value. If we look at the commodity options, it is Rs.20 per lot.

In currency futures, the brokerage fee is 0.01% of the transaction value, while in currency options, it is Rs.20 per lot.

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How do I open a Geojit Demat account?

To open a Geojit Demat account, follow a simple process.

1. Firstly, access the Geojit sign-up form given on this page.
2. Provide the vital data and complete the form.
3. Then, proceed to the next steps as directed.
4. Geojit may require extra papers for verification purposes. Finally, follow the additional commands provided by Geojit to open your Demat account. Make sure account opening is free of charge.

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Geojit Mobile App: In this Geojit Review, it came out that Geojit offers a mobile app. The app has a user-friendly interface that allows investors to trade anytime using their device.

Besides, the app provides real-time market data, custom watchlists, and all-in-one order placement. All this results in ease and openness for on-the-go trading.

Geojit Web Platform: The Geojit Web Platform offers a complete trading experience. Thanks to advanced charting tools, technical indicators, and in-depth market analysis for optimal quality.

Also, the app offers real-time quotes, research reports, portfolio tracking features, and more.

Mutual fund investment platform: Geojit provides a dedicated MF investment platform. It evens out the process of investing in mutual funds.

The platform offers multiple mutual fund schemes and functions, making it easier for investors to manage and grow their MF portfolios.

Here are various features of trading platforms provided by Geojit Finance.

Geojit App

The Geojit App is a trading platform available in both Android and iOS versions.

This app lets users access their portfolio details and track their investments in real-time.

The app entertains users by providing trading ideas and recommendations. Additionally, the app enables users to transfer funds seamlessly between their trading accounts.

Users can trade various assets, including stocks, derivatives, and commodities, all within the app.

The app provides in-app and push notifications for important market updates and account-related activities to keep users active.

Overall, the Geojit App is a great thing.

Geojit Trading Platform

Wishlist: By creating a wishlist, users can curate a personalized selection of stocks and assets, keeping them focused on their preferred investment options.

Real-time Updates: With real-time updates, users stay on top of market dynamics, enabling them to make timely decisions based on the latest information and trends.

Portfolio Details: The platform provides comprehensive portfolio details, giving users a clear snapshot of their holdings, performance, and overall value.

Online MF Buy: Investors can conveniently purchase mutual funds online through the platform, opening doors to a diverse range of investment opportunities.

Stock Tips: The Geojit Trading Platform offers insightful stock tips and recommendations, empowering users with valuable market insights.

Live Market: Users access live market data, including real-time quotes, charts, and market depth, delivering a dynamic trading experience.

Robust and Secure Platform: The Geojit Trading Platform ensures the utmost security and reliability of users’ data and transactions, creating a trustworthy trading environment.

Geojit Selfie App

An app that allows you to trade while traveling and has a simple UI at the heart of investors, which is beyond a surprise.

Similarly, the Selfie Geojit app also features all the little things that make order placement a breeze.

You can find the app with the Selfie Geojit name on both the Google Play Store and the Apple App Store.

Geojit Fundsgenie

It is a unified place where clients can invest in several mutual fund schemes.

Clients can easily find all the required features to conduct transactions, including fund information, performance statistics, a SIP calculator, and more.

Geojit Trader X

An innovative trading system made specifically with pro-traders in mind! It has robust charting tools, technical indicators, a range of filtering options, and live quotes.

Besides researching and analyzing the market, traders can swiftly and readily execute deals.

Geojit Options Lab

It is a specialized platform for options trading, providing traders with in-depth options strategies, analytics, and risk management tools.

Also, traders can analyze and execute options trades effectively using the platform’s powerful features.

Geojit offers various benefits to its clients. Such as, the broker provides free account opening, ensuring a hassle-free process.

In addition, they offer free annual maintenance charges (AMC), reducing the financial burden on investors.

Geojit also provides flat brokerage rates, although they are limited. Also, they have flexible brokerage plans to cater to diverse trading needs.

Clients can also enjoy free research reports and trading calls, enhancing their investment decisions.

Besides, clients can win Rs.1,000 vouchers per referred client. Ultimately, margin funding and pledging options are also quite notable in Geojit’s offerings.

Geojit SWOT Analysis

Here is the SWOT Analysis on Geojit Finance.

Strength

• Anyone can access their GeoJit account for free, and there’s no AMC. As a result, more people may use Geojit.
• It is a full-service broker, providing all financial services to its clients.
• Also, the broker features various trading tools and terminals.
• Low brokerage for most assets
• A unified platform for MF investment

Weakness

• One of the major weaknesses is the broker’s less popular image.
• The broker doesn’t provide foreign stocks for trading.
• No research tools, reports, interactive charts, or other data

Opportunities

• If it includes foreign stocks, clients will get more diversification in their investments.
• The broker has the cheapest brokerage on most assets, but cutting the charge rate for other assets could be a great move.
• If the broker makes some requisite tweaks to its platform, this may help them win more trust.

Threat

• Research reports and other essential reporting tools are absent, which could be the biggest threat.
• Government policies may impact the presence of Geojit.
• The broker might lose its existing customers if it still doesn’t bring research tools.

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Geojit provides detailed research services to its clients through the Geojit Trading Account. Such as,

• The broker offers stock research, empowering investors with valuable information.
• Vital reports are available to assist in identifying the company’s financial health.
• Geojit also provides research reports that cover various aspects of the market.
• Detailed company reports and IPO reports are also available to clients.
• For technical analysis, Geojit offers technical reports to help investors make informed decisions.
• Stock tips and daily top stock picks guide trading activities.
• Clients can stay updated with the daily market review and weekly review reports.
• A dedicated relationship manager assists clients during their trading journey.

Geojit offers margin or leverage facilities to its clients across various trading segments.

• For equity delivery, the margin provided is 1x, enabling clients to trade with their funds.
• In the case of intraday equity trading, Geojit offers leverage up to 5x, subject to the stocks being traded.
• Equity futures and options carry-forward positions have a margin of 1x.
• Similarly, for intraday trading in equity futures and options, the leverage is 1.3x.
• In commodity futures and options, both carry-forward and intraday positions have a margin of 1x.
• Lastly, currency futures and options have a Geojit margin of 1x, providing clients with trading flexibility.

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Geojit provides brilliant customer support services to assist their clients. Traders can rely on their trading support, which is readily available and free of charge.

Also, Geojit offers the convenience of a dedicated dealer, ensuring personalized help.

Clients can contact Geojit Customer Care support via phone using the toll-free numbers 1800-425-5501 and 1800-103-5501.

Alternatively, they can seek assistance through email by contacting [email protected].

To date, Geojit has received nine customer complaints. There have been 10 Geojit complaints in total, and they have settled 5 of them, which means they are maintaining a 55.56% resolution rate.

Two of the complaints received turned out to be inaccurate. Still, Geojit’s priority is providing excellent service to the clients, so the company works hard to resolve any issues they may have as soon as possible.

Geojit Charges

Geojit offers tempting charges for their services. They have no Geojit account opening charges and no AMC. However, clients should be aware of the following charges:

• Equity delivery charges are 0.1% on buying and selling, and intraday charges are 0.025% on selling.
• Similarly, equity futures charges are 0.0125% on selling, and equity options charges are 0.0625% on selling, calculated on the premium.
• Stamp duty charges vary between 0.0001% and 0.003% on purchases, depending on the asset.

Now, let’s mark certain Geojit Hidden Charges, such as:

• SEBI turnover charges are Rs. 10 per crore for all segments.
• DP (Depository Participant) charges are Rs. 13.5 per scrip, valid only on selling.
• GST (Goods and Services Tax) as usual, 18% on brokerage, SEBI charges, and transaction charges
• Call and trade charges are Rs. 50 per trade.

In addition, more charges can be seen. But clients need to review and recognize these charges before trading with Geojit.

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Geojit Review – Conclusion

Geojit offers a range of beneficial features and services for investors. With free account opening and AMC, clients can start trading without incurring additional costs.

Geojit provides complete research reports, stock tips, and market reviews to aid investment decisions. They also offer margin or leverage facilities across diverse trading segments.

The Geojit Review reveals that support is readily accessible through various channels. Still, clients need to know the charges and hidden fees associated with trading through Geojit.

Overall, Geojit provides a competitive platform for traders and investors to engage in the financial markets.

FAQs on Geojit

Here are various FAQs related to Geojit Review.

Is Geojit a safe broker?

Geojit is regarded as a safe broker regulated by SEBI. In short, you can trust your trading and investment journey to the broker, as it is reliable.

Is Geojit suitable for beginners?

Geojit is beginner-friendly, offering a user-friendly platform and educational resources to support new investors. The platform features helpful guides and tips to make executions a breeze.

How many active clients does Geojit have?

Surprisingly, Geojit is a prominent stockbroker with over 2.3 lakh+ active clients using the platform to trade diverse assets.

Who is the founder of Geojit?

Ramanathan Bupathy and C. J. George are the founders of the Geojit online stock broking platform. He was the first to lay the foundation of this firm in 1986.

Does Geojit provide free delivery?

Sadly, delivery trading isn’t free. Hence, if you are willing to trade delivery orders, make sure you know the linked charges well.

What are intraday trading charges in Geojit?

Those who are looking to day trade at Geojit should pay attention to the charges. Such as, the broker charges Rs. 20 per trade or 0.03% (whichever is lower), which is standard in the industry.

What are Geojit F&O charges?

Futures and options trading isn’t free. Equity future charges are 0.01% of the transaction value. Similarly, option charges are Rs. 20 per lot. However, similar charges apply to almost all options.

Does Geojit charge for commodity trading?

Charges for commodity trading vary. For example, the charge rate for commodity futures starts at 0.01% of the transaction value. Similarly, commodity option charges start at Rs. 20 per lot.

Does Geojit charge for currency trading?

Folks trading currency futures must agree to a charge of 0.01% of the transaction value. Similarly, currency option charges start at Rs. 20 per lot.

Does Geojit provide research?

Yes, Geojit provides research reports, fundamental analysis, technical analysis, and market insights to assist investors. Clients can use all these research tools for quick access to reports.

How do I contact Geojit Customer Care?

People who want to contact Geojit customer care can use email support ([email protected]) or call support at 1800-425-5501 or 1800-103-5501.

How much is AMC in Geojit?

Luckily, the account maintenance fee doesn’t bother you if you are about to become one of Geojit’s clients. The broker charges no AMC.

What are account opening fees in Geojit?

Also, it is free to open an account at Geojit. So, whenever you are in the mood to roll out your first trade at Geojit, fret no more, as it is easy to open an account at Geojit.

What are pledge creation charges in Geojit?

Pledge creation charges are Rs 20 per request at the Geojit trading platform.

How much are pledge invocation fees in Geojit?

The pledge invocation fee is Rs. 15 per request.

Does Geojit levy any interest on margin trade funding?

Geojit levies 0.045% per day in interest on margin trade funding.

What are DP charges in Geojit?

The DP charges are Rs 13.5 per scrip only on sale.

Does Geojit levy any account closure fees?

No, Geojit doesn’t force clients to pay any such charges in the name of account closure. It is free to close an account.

What are account reactivation fees in Geojit?

Most folks may regret leaving and want to return to the Geojit platform. This is where account reactivation charges appear to be a nightmare.

What are call and trade charges in Geojit?

The call and trade charges on the Geojit stock broking platform start at Rs 50 per trade.