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.
The Full Service Broker changed its name couple of times from Geojit Securities Ltd to Geojit Financial Services Ltd and finally to Geojit BNP Paribas Financial Services Ltd in 2009 after BNP Paribas becoming the largest stakeholder in the company.
On Services, The company as a whole offers a full gamut of savings and investment solutions like Equities, Derivatives ,Mutual Funds, Life & General Insurance, third party Fixed Deposits, Portfolio Management services and wealth management.
Geojit is member of NSE and BSE and registered as a depository participant with NSDL and CDSL. The broker is among few broking firms to introduce online trading facility in India. The Broker has strong hold in Gulf countries. If you are an Non Resident Indian and residing in the U.A.E, Saudi Arabia, Bahrain, Kuwait or Oman, then you can become an NRI client of Geojit BNP Paribas.
The company is listed on NSE and BSE for stock trading. The Broker is transparent to disclose all its brokerage plans on web unlike other full service brokers like Angel Broking and India Bulls.
Geojit BNP Paribas also provides a Call & Trade facility through their call center desk toll free no but not free.
On Customer care side, Geojit delivers a satisfactory customer care through its multi channels like internet, phone and branch Trading. The needs of over 776,000 clients are met via a countrywide network of over 480 offices, phone service, Customer Care Centre and email.
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Here we are comparing Geojit with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Full Service Broker||Full Service Broker||Discount Broker||Discount Broker|
|Brokerage||.03 to .3%||0.05 to .55%||0.1 to 0.5%||Rs 20||Rs 15|
|Account Type||2 in 1||3 in 1||2 in 1||2 in 1||2 in 1|
Please refer unique and accurate Geojit Brokerage Calculator
Geojit BNP Paribas Brokerage plan is quite simple and competitive. The broker charges .30% for trading in equity cash, .03% for trading in Intraday and Future. Option trading can be done at Rs 75 per lot.
The equity delivery brokerage of .30% is significantly less expensive than all the big brokers, such as ICICIDirect, Sharekhan, HDFC Securities, etc.
For Intraday and future traders, the brokerage rate of .03% is very competitive that cannot be overlooked. Its the cheapest in the full service Broker Industry.
Option Trading @ Rs 125 per lot for intraday and Rs 150 per contract for carry forward positions with Geojit BNP Paribas is at the higher side.To avail all this brokerage rates, you should have Demat account (compulsory) with Geojit along with trading account. Currency Option and Future trading rates are between Rs 10-15 according to contracts.
Minimum Brokerage: The minimum brokerage charged by Geojit BNP Paribas is Rs 20 per Contract or 1 paisa per share whichever is higher subject to a maximum of 2.5% per share.
|Brokerage Plan||Online Trading Plan (Percentage Based)|
|Equity Delivery||0.3% or 30 paisa|
|Equity Intraday||0.03% or 3 paisa|
|Equity Futures||0.03% or 3 paisa|
|Equity Options||Rs 75 Per Lot|
|Currency Futures||Rs 15 Per Lot|
|Currency Options||Rs 15 Per Lot|
|Commodity||0.05% or 5 paisa|
For complete brokerage charges and trading plans detail please visit Geojit Brokerage Charges.
There are 3 simple ways to open an account with Geojit.
For opening a two-in-one account: i.e. Trading and Demat, Individual Investors require following documents:
As common with all the brokers, Geojit BNP Paribas also offers web based, terminal based and mobile app based trading Platform.
The broker replace its online Trading Platform FLIP with advanced investment platform SELFIE, that allows customers to access the markets by setting up their own market watch, receiving research tips, stock alerts, real-time charts and news and enable the customer to take informed decisions.
SELFIE Platinum: Platinum platform is a virtual dealer terminal. It is best suited for active traders, who take advantage of minor movements in the price. This EXE program can be downloaded on the client's computer. It comes with most of the required features for smooth trading.
SELFIE Gold: SELFIE Gold is the browser based trading Platform of Geojit BNP Paribas. Selfie Gold offers among other things an Advanced Charting platform which enables a user to Trade directly from Charts, advanced chart types like Heiken-Ashi, Kagi, Point & Figure, Renko & Line Break, 90 + Studies and indicators. The trading platforms feature rich F&O Analytics and Visualization Engine, incorporates Sectoral heat maps, Futures and options chains, Option Greeks charting and VWAP Screeners.
SELFIE Mobile:SELFIE ME is the mobile app for android and iphone devices with all the advanced features like market watch, real time update, Order Book & Trade Book, Dynamic real-time charts, fast order execution, order placing facility on NSE,BSE. This state of the art Mobile Trading platform empowers clients to trade from anywhere, even while on the move.
For detail review of mobile app and download please visit Geojit Trading Platform Review.
When it comes to powerful platforms, Geojit BNP Paribas competes with the best in the industry. The broker has urge to survive in competitive market which is visualized from its latest launches of trading platform with updated features.
The brokerage structure is also simple and competitive. The brokerage comes in average range, not too high not too low.
Customer Service is one area where broker can work and make it up to the client's satisfaction.
Overall, Geogit BNP Paribas is a natural win for its clients. With its well-rounded offering, casual investors will find the broker to be a good fit.
If you like what you have read and want to open an trading and demat account with Geojit, leave your contact information with us and we will guide you.