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Geojit Review - Options Trading, Brokerage and Platform

Published on Wednesday, April 4, 2018 | Modified on Wednesday, May 30, 2018

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Geojit Review - Options Trading, Brokerage and Platform

Geojit Review-Pros & Cons

Pros Cons
Facility to place orders via toll-free phone High brokerage charges
Facility to place orders post-session No 3-in-1 account
Good Trading platforms
SMS services for market and account updates
30 years of in-depth market experience and backed by strong shareholders like BNP Paribas, Mr. C.J.George, KSIDC (Kerala State Industrial Development Corporation) and Mr. Rakesh Jhunjhunwala.

Geojit Review 2018 - About the company

One of the leading financial services company in India, Geojit was incorporated in 1987. The company is based in Kochi, Kerala and has a strong presence in the Middle East countries.

Geojit is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The company is backed by strong shareholders like BNP Paribas, C. J. George, Founder and Managing Director, Kerala State Industrial Development Corporation (KSIDC) and prominent investor Rakesh Jhunjhunwala.

The company has many firsts to its name. In 2000, Geojit became the first stockbroker to offer Internet Trading in the country by integrating the first Bank Payment Gateway. In 2010, the company became the first company to launch mobile in India. In 2013, it launched India's first social media trading application on Facebook.

Geojit has over 8,94,000 clients and a countrywide network of over 514 offices. It offers various services of its clients including trading in equities, derivatives, currency futures, mutual funds and IPOs. It has entered into strategic B2B agreements with South Indian Bank, Corporation Bank and Federal Bank to enable its clients to open integrated 3-in-1 accounts.

Geojit Trading Platforms

1. Geojit SELFIE GOLD

It is a web based trading platform from Geojit that offers a wide range of features like:

  • Customizable dashboards and views
  • Integrated Security view with live quotes, recommendations, MBP, F&O Chains & Order windows, charts, news etc
  • Real-time news updates
  • Market insights & Research calls
  • Location sensing

The platform also offers Advanced Charting platform to traders facilitate trading directly from Charts. Traders can get access to advanced chart types like Heiken-Ashi, Kagi, Point & Figure, Renko & Line Break, 90 + Studies and indicators. In addition, it also features F&O Analytics and Visualization Engine, Sectoral heat maps, F&O chains, Option Greeks charting and VWAP Screeners for deep analysis and identifying trading opportunities.

2. Geojit SELFIE PLATINUM

Selfie Platinum is a virtual dealer terminal that can be downloaded into a computer or a laptop. Some of the key features of the platform are:

  • Customizable screen layout and setting
  • Customised Market Watches
  • Fast trade execution with instant pop-up confirmation
  • Single market watch screen to view Cash, F&O and Currency quotes
  • Real-time Index & Tick by Tick index charts
  • After market hours orders in both the Exchanges
  • Intraday & EOD trading
  • Online Fund transfer
  • Facility for sophisticated trading analysis

3. Geojit Selfie Mobile - Mobile Trading Platform

Previously known as Flip Me, Selfie mobile, was the first of its kind mobile-based trading platform in India. The app is available for Apple iOS and Android users. Some of the features of the mobile platform are:

  • Live Market Watch, MBP & Portfolio
  • Grid & Line style view
  • Access to Order book & Trade book
  • Single screen for multiple exchanges
  • Cash, Intraday, MTF
  • Option Chain, Option calculator and F&O Margin calculator
  • One click order facility
  • Automated calls to customer care
  • Research insights and calls
  • Online Pay-in & payout

Geojit Options Brokerage Charges

Particulars Brokerage
Options Intraday ₹125 per contract
Options carry forward positions ₹150 per contract

These rates are subject to minimum brokerage as:

  • Higher of ₹20 per contract or 1 paisa per share subject to a maximum of 2.5% per share.
  • GST, Stamp Duty and other taxes extra
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