Geojit Brokerage and Demat Account Review 2019

Rated 4/5 by Top Share Brokers Team
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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.

Geojit Brokerage and Demat Account Review - 2019

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.

Why to choose Geojit as your stock broker?

  1. The company is listed on NSE and BSE for stock trading.
  2. The Broker Launched India's first application to trade through facebook.
  3. Commodity Trading can be done through subsidiary of Geojit named Geojit Commodities Limited.
  4. NRI Trading - The Broker has strong hold in Gulf countries: UAE, Saudi Arabia, Bahrain, Kuwait and Oman through its Joint Ventures.
  5. 480 offices across India.
  6. Registered DP service.
LikesAdvantages

  • Strong research ideas.
  • Daily mails on market conditions and recommendations.
  • Latest online trading Platform SELFIE.
  • Exclusive branches for women.

DislikesDisadvantages

  • No brokerage calculator.
  • Lacking online chat and 24*7 support.
  • Minimum Brokerage charges.

Exclusive OfferExclusive Offer

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What are the Investments Options available with Geojit?

Geojit - Equity Cash and F&O
Yes
Geojit - Currency F&O
Yes
Geojit - Commodity Trading
Yes
Geojit - Mutual Funds
Yes
Geojit - ETF
Yes
Geojit - Online IPO
No
Geojit - Bonds Investment
Yes
Geojit - Debt Investment
Yes
Geojit - Banking Service
No
Geojit - Insurance Service
Yes
Geojit - MF SIP Investment
Yes

How is Geojit with closest competitors?

Here we are comparing Geojit with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Geojit ICICIDirect Sharekhan Zerodha ProStocks
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
Monthly Plans No No No No Yes
Rating

Please refer unique and accurate Geojit Brokerage Calculator


Geojit Brokerage Plans Review - 2019

Brokerage and Commission Rated 3/5

    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.
    • Trading Account Opening Charges - Rs 350.
    • Demat Account Opening Charges -Zero
    • Trading AMC - Nil
    • Demat AMC - Rs 400

    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.

Geojit Brokerage Charges - Online Trading Plan (Percentage Based)

Brokerage Plan Online Trading Plan (Percentage Based)
Flat Fee NA
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.

What are the various Product and Services offered by Geojit?

Product & Services Rated 4/5
Geojit - 3 in 1 Account
No
Geojit - Multiple Plans
No
Geojit - Monthly Plan
No
Geojit - Yearly Plan
No
Geojit - Portfolio
Yes
Geojit - Charting
Yes
Geojit - Automated Trading
No
Geojit - AMO Order
Yes
Geojit - Allow GTC Order
Yes
Geojit - SMS Alerts
Yes
Geojit - Margin Trade Funding
Yes
Combined Ledger for Equity and Commodity
Yes
Geojit - NRI Trading
Yes

How to Open Trading and Demat Account with Geojit BNP Paribas?

There are 3 simple ways to open an account with Geojit.

  • Geojit Customer Care Toll Free Number: 1800-425-5501 / 1800-103-5501
  • Geojit Free helpline number : 0091-484-391-1777
    • Document required to open Geojit Trading Account

      For opening a two-in-one account: i.e. Trading and Demat, Individual Investors require following documents:

      • Photograph - Two recent passport size
      • Proof of Bank Account (Copy of Bank Statement / Copy of first page of the Bank Pass Book / A cancelled cheque)
      • Proof of Address (Passport, Driver's License, Ration Card, Voter's Identity card, Telephone bill, and Electricity bill, Bank Passbook / Bank Statement or Rent Agreement)
      • Proof of Identity (PAN Card)
      • Aadhar Card

Contact Geojit

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What are the Customer Support options availabel with Geojit?

Customer Support Rated 4/5
Geojit - Phone Support
Yes
Geojit - Toll Free Number
Yes
Geojit - Email Support
Yes
Geojit - Branch Offices
Yes
Geojit - Live Chat
No
Geojit - 24/7 Support
No

What are the trading platform offered by Geojit?

Trading Platforms Rated 4.5/5

    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.

What are the Trading Platforms & Tools Options available with Geojit?

Geojit - Desktop Platform (Windows)
Yes
Geojit - Desktop Platform (Mac)
No
Geojit - Web Platform
Yes
Geojit - Stock Alerts via Email
No
Geojit - Stock Alerts via SMS
No
Geojit - Virtual Trading
No
Geojit - Watch-lists, streaming real-time quotes
Yes
Geojit - Mobile App
Yes
Geojit - Android Tablet App
Yes
Geojit - Android App
Yes
Geojit - iPhone App
No
Geojit - iPad App
No
Geojit - Mobile Trading Site
Yes


Final thought about Geojit

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.

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Find out how Geojit stacks up against other brokers

Geojit BNP Paribas User Reviews

avatar
14. ANAND  Apr 27, 2019 2:46:32 PM IST Reply
Pathetic services because there is no monitoring & control of its arrogant employees

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
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13. Jestin Joseph  Jan 28, 2019 11:57:35 AM IST Reply
dear sir,
I Can register thru online??. I would like to inform you that I don''t have an active Indian mobile number because I working in abroad
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12. Sithara mp  Jan 20, 2019 6:14:33 PM IST Reply
Can I open demat account free..is there any hidden charge...??
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11. Vinodan KM  Dec 28, 2018 6:26:49 PM IST Reply
I have a delay account with another broker house.Can I use the account with geogit? What are the formalities?
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10. Noufal  Oct 14, 2018 10:47:14 AM IST Reply
DP AMC 0.75% +tax) many other hidden charges for NRE customers


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
avatar
9. Shailesh Sheth  Sep 8, 2018 5:03:19 PM IST Reply
Hi My name is Shailesh, I am an Indian Nationality, residing in UAE, NRE.
I would like to know the process of Demat account,trading account and the charges for FNO shares trading as well Equity trading for Delivery.
avatar
8. Mathew  Nov 21, 2017 2:02:23 PM IST Reply
Customer Service is pathetic. When dealing with financial matters, delayed response from any firm cannot be tolerated. Ordinary people are worried about their hard earned money and financial institutions need to be more empathetic while dealing such situations

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Very Poor
Overall Experience - Below Average
avatar
7. Anish  Jul 15, 2017 12:36:06 PM IST Reply
I have trading account with Sharekhan, Nirmal Bang and Geojit. Geojit has worst customer support. Its been about a 1.5yrs since I am trying to link a new bank account with Geojit and make it a default one. But it still has not been updated. They add the bank account but does not change the default bank account. All my dividends are addressed to the old bank account which no longer exist. I have submitted the bank update forms 3 times but still no use. Every time when I contact they ask me to submit the bank update form along with a cancelled cheque. But the account does not get updated. Anyways I am planning to close my account as I am fed up and no longer trade with the Geojit account.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
6. rajendra prasad  Jul 1, 2017 8:13:46 PM IST Reply
YESTERDAY I CHECKED MY FUND VALUE ABOUT 350 RUPEES + AND TODAY 1 JULY 2017 I GOT MESSAGE FROM GEOJIT MY FUND VALUE IS - 675 RUPEES , SO MANY HIDEEN CHARGES AND GEOJIT BRANCH MANEGER TOLD LYES BEFOR OPEN DEMAT ACCOUNT I GIVE NEGATIVE 5 STAR AND MY PHONE NUMBER IS 9861760197
avatar
5. baban  May 23, 2017 6:55:26 PM IST Reply
The customer care is very irritating.
There are many hiden charges which are not disclosed to customer.
Their risk department should be named as RISKY department.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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