Know Your Broker: Geojit Review, Brokerage Plans, Margins and Customer Care

Geojit Products

The segments that you can invest in are equity, currency, futures, and options.

Equity
Commodity
Currency

Futures
Options

Geojit Trading Softwares

A collection of software and applications that the broker offers to help you execute online buy/sell orders. These are the names of their portals and mobile apps.

SELFIE Gold
SELFIE Platinum platform

Geojit Brokerage Plans

Choose from one or more plans below. Use tabs if multiple plans available. A single plan includes all the basic charges and brokerages, margins, etc.

Geojit Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, IPO platform, Bonds & Debt, Exchange Traded Funds, etc.

Mutual Funds
IPO Platforms
Bonds & Debt

Exchange Traded Funds
Insurance

Geojit Additional Features

Extra features are provided by the broker at little or no extra cost. Like SMS Alerts, Margin Funding, Margin Against Share, etc.

3 in 1 Account
Free Recommendations
Free Research Reports

SMS Alerts
Margin Funding
Margin Against Share

Geojit Pros

These are the benefits of Geojit.

Geojit BNP Paribas introduced a view-only terminal' which delivers real-time market information directly from its system to clients' GPRS-enabled smartphones. FLIP-ME* (Financial Internet Platform Mobile Edition) provides key information as well as a host of other features that empower clients to trade and use the call and trade facility to place orders.
Investors can place orders by phone, call Toll-Free customer service, or visit the relevant branches.
A number of preferred banks are available to the company, including HDFC Bank and ICICI Banks, Citibank & Federal Banks, Citibank & Federal Banks, Citibank & Federal Banks, Citibank & Federal Banks, Punjab National Banks, Union Bank of Indias, Bank of India and IDBI Bank.
Online ordering available in Post-close sessions NSE/BSE
SMS allows you to access daily market calls, Research Reports and Demat Holdings as well as change of Platform information.

Geojit Cons

These are the cons for Geojit.

The company does not offer a 3 in 1 trading account, as some popular brokers do. An investor will need to access banking services at other banks.
Brokerage changes are much more expensive than other brokers.
Geogit charges minimum brokerage at Rs 20 per contract or 1 paisa for each share, whichever is greater.

Our Conclusion

Geojit, one of the top security brokers, has seen the industry's downs and still managed to keep its dynamism. However, Geojit was unable to make a decision around a customer center.

Although they charge a nominal brokerage fee, the broker can offer a good service to customers and is a strong brand ambassador. However, there are many other brokers out there, so the broker cannot be considered a challenger or a top broker.

If you plan to open an account with the broker, it is important that you have a detailed discussion about pricing and trading platform fees.