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Geojit Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 7-Jan-2020
Geojit BNP Paribas Review

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Geojit Review 2022 - Quick Summary

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.


Rated 4 stars

Geojit Top Highlight for 2022

  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.

About Geojit

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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  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
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  • Kite & Coin - Number one Trading platform and Mobile App
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Geojit Brokerage Plan, Fees and Charges

Rated 3 stars Brokerage and Commission Rated 3/5

Geojit Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 400 PA

Geojit Brokerage Plan with closest competitors

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

Broker Geojit 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .03 to .3% Rs 20 Rs 20 Rs 20 Rs 15
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.3% or 30 paisa Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
Equity Intraday 0.03% or 3 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.03% or 3 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
Equity Options Rs 75 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
Commodity 0.05% or 5 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Rs 15 Per Lot Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Rs 15 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Free
  • RMS Auto Square Off Charges: Free
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Geojit Brokerage Charges.

Please refer unique and accurate Geojit Brokerage Calculator


How to open Geojit Account online?

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

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Alternatives to Geojit

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Geojit Mobile App and Trading Platforms

Rated 4.5 stars 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.


Geojit Trading Cons

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

Geojit Customer Care info


Final thought about Geojit

Rated 4 stars Rated 4/5 by 78 users

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.

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Last updated on: 2020-01-06


Geojit BNP Paribas User Reviews

avatar
23. Arnab Aug 25 2020 07:17:24 AM Reply
This is one of the most pathetic app you can ever imagine. The interface is crappy. The app crashes every now and then. Worst being that I have experienced in most of the times, you will only see 2-3 stocks out of the say 10-15 stocks you hold displayed on your portfolio. T The tech says just go ahead and keep refreshing. The customer care sucks, the responses are always delayed. The app doesn''t allow you to place SL post or pre hour market. The balances keep changing Demat vs Geojit. Constant bank account linking issues. Please please check on the brokerage, tax, cess, etc). I would strongly recommend an alternative platform for sure. Sometimes the orders dont get executed coz of the issues. You are forced to logoff, refresh time, and again thus either landing up with a huge loss or reduced profits. I have seen customers, including me who initially invested in stocks with a long term horizon, who are stuck with profits in one hand and having to face the app issues. They have to close all their accounts in order to move to a different platform.
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22. Arnab Aug 24 2020 07:51:01 PM Reply
I would absolutely discourage anybody and everybody to opt for Geojit, out of all the brokers. It would rather be advisable to give up your trading dreams and profits if you don''t see any other platforms valuable enough. It is important not to be biased. Please use the utmost care before signing up with Geojit.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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21. Frustrated user Aug 06 2020 08:07:23 PM Reply
This broker purchases stocks at highest rates, when the market rates are not even near to that. Last week they purchased RL shares for me at Rs.2320, which is way too high at this moment, 2177 being the highest value so far. Their brokerage is high. Their annual charges are high. The website and selfie app are utter failures. Too confusing, and not at all user friendly. This broker''s way of working is not quite transparent.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
20. ajithrajhm Jul 19 2020 08:37:54 PM Reply
Geojit smartFolios pakage is very best for trade
avatar
19. ajith Jul 19 2020 09:10:16 AM Reply
ok no problem

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
18. Jose George Jul 03 2020 09:50:21 PM Reply
Taking brokerage more than shown in your site in option trading. Rs. 100 minimum and 2% for buying and 1.5 % for selling. Taking this for the last one year. Besides gst for brokerage also taken even though brokerage including gst is Rs. 75 per lot. My trading account is TRJ 491

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Average
Overall Experience - Average
avatar
17. Desh Deepak Jun 08 2020 06:20:24 AM Reply
Excess brokrej charge take

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Excellent
Overall Experience - Above Average
avatar
16. Muthamil selvan Jan 05 2020 10:52:43 PM Reply
Good in customer care and ease in online trading

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
15. aswan Jun 09 2019 05:32:11 PM Reply
good and trust worthy

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
14. ANAND Apr 27 2019 03:46:32 PM 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