Geojit BNP Paribas : Quality Broking Services : A Detailed Review

Share on whatsapp
WhatsApp
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

One of the most common mistakes people make while investing in the stock market is choosing a stockbroker who doesn’t care about their needs.

Customers should be aware of all the possible information about the stockbroker before they actually make investments with them.

Here today we have come up with the detailed review of one of the India’s leading stock broking companies, Geojit BNP Paribas.

Introduction to Geojit BNP Paribas  

Geojit BNP Paribas is one of the biggest stock brokerage houses of India and was established in the year 1987.

The company’s dedication to product innovation, which includes a high level of domain-specific knowledge and state-of-the-art technology, has helped it set many milestones including numerous industry firsts: Geojit BNP Paribas was the first brokerage firm in India to offer an online trading facility (2000), integrated the first Bank Payment Gateway in the country for Internet Trading(2000), became India’s first Depository Participant DP to launch depository transactions through the Internet (2001), launched the first integrated internet trading system in India for Cash and
Derivatives segments (2002), and offered the first full Direct Market Access execution in India (2008).

It is based in Kochi, Kerala and has its presence all across India through its 500 branches. Moreover, it also has a stronghold in Gulf countries.

This full-time broker is known for, providing customized online trading platforms, accurate research ideas, portfolio management services and certified financial advisors to its clients.

The name of this full-time broker has been changed several times from Geojit Securities limited to Geojit financial services limited to finally Geojit BNP Paribas Financial services.

Geojit is registered as a depository participant with NSDL and CDSL and is also a member of NSE as well as BSE.


Open Account and Start Trading

Congratulations!

You have taken the first step.
An expert will call you shortly.


Why Invest With Geojit?

Here are some reasons why you should invest with GEOJIT BNP Paribas,

  • This stockbroking company is listed in NSE and BSE.
  • The commodity trading can also be carried out, through the subsidiary of this stock broking company.
  • It provides registered depository services.
  • A wide network of 500 branches spread across India and on top of that, it also offers women exclusive branches.
  • Latest technology trading platform is offered.

Geojit Trading Platforms

Geojit is one of the first few stockbroking companies that provided an online trading facility to its clients. All the trading platform offered by this stockbroker company are based on the latest technology.

The trading platforms are advanced online investment platforms that are known as “SELFIE” ( Self-directed Trading & Investment Platform ).  

The detailed information about its various trading platforms is given below:

Geojit Selfie Gold 

This is a web-based trading platform and is offered to all the online customers free of cost. The performance and the user experience of this platform is uniform with all the electronic devices like laptop PC, mobile tablet, etc.

The users have to log into this application, using their credentials and start trading directly.

Geojit Selfie Gold

Salient Features

  • The dashboard is personalized with widget baskets.
  • Integrated security view, with market news, quotes and interactive charts all are displayed in one place.
  • Orders can be placed directly through the interactive charts.
  • Trading can be done with just one click.
  • Location sensing.
  • Offers general information that can be helpful to all the users.
  • Analysis can be done easily done through 90 market indicators.
Geojit Selfie Platinum

This is a terminal based trading platform, which the customers need to download and install on their laptops or desktops. This platform is useful, particularly for active traders.

Geojit Selfie Premium

Salient Features

  • The market watch displays F&O, currency and cash quotes altogether.
  • Customized screen layouts according to the individual’s own preference.
  • Allows aftermarket hours orders.
  • Funds can be transferred very easily to multiple banks.
  • Trade confirmation is given instantaneously through a pop-up.
Geojit Selfie Mobile App

This mobile app is an advanced mobile application which offers a rich experience to the users. It has all the features that are crucial for trading.

Salient Features

  • Color-coding is used to indicate top gainers and losers.
  • Interactive charts are provided in different styles
  • Offers multiple market watch list
  • Trading can be done in cash and derivative segment
  • Fast order facility is provided
  • Can be also used in low bandwidth
  • A view can be configured.

Customer Care

Geojit provides adequate customer care support to its customer through various channels like:

  • Email Customer Support
  • Web Form
  • Toll-free customer care number
  • Customer care portal
  • Wide network of online branches

Through its multiple channels of communication, this stock broking company offers good customer support.

The customer care portal is separately set up with the aim to provide support to the customer base. The customers can log in their issues; a quick turn around support is given. And then providing personalized solution solves the customer issues.

In addition to this customers can also communicate with customer care executive through emails, toll-free customer care number or also by visiting the offline branches.

Research

The research and recommendations are regularly provided to the customers through SMS, emails and are also integrated within the trading platform. Depending on the trading segment, the research can be differentiated into multiple facets, which are as follows:

Equity

The following information is given

  • Market index movements through the daily market tracker.
  • Information about the company.
  • Various corporate announcements
  • Analysis of the news
  • Market analysis
Currency

The following information is given

  • Interactive Charting
  • Tips regarding currency segment
Mutual Funds 

The following information is given

  • New fund offers available
  • Tracking of fund performance
  • Top performing stocks
  • Returns on various categories

The accuracy of the research provided by Geojit BNP Paribas,  are not up to the mark as compared to the industry standards, hence customers should do their own research and validate the tips and recommendations given by Geojit.

How To Open An Account

The customers need to open an account with Geojit, to invest or trade with them. The customers can open a Geojit Trading Account and/or Geojit Demat Account.

There are two ways in which the account can be opened with Geojit BNP Paribas, which are as follows,

  • Open an account page is provided on the website of Geojit BNP Paribas, fill in your contact details and you will receive a call from the representative of Geojit, within a day.
  • Locate a branch of Geojit BNP Paribas near you or can call the branch; a personal visit will be given, to open an account.

Pricing

Account Opening Charges

The account opening charges and the Account maintenance charges are as follows,

TRANSACTION CHARGES
TRADING ACCOUNT OPENING CHARGES (one time only)INR 425
TRADING ACCOUNT AMC (annually) NIl
DEMAT ACCOUNT OPENING CHARGES ( one time only)Nil
DEMAT ACCOUNT AMC ( annually)Nil
Brokerage Charges

The Geojit BNP Paribas offers quite competitive brokerage plans to its clients. Brokerage charges changes depending on the situation, however, these are the general brokerage charges,

SEGMENTBROKERAGE CHARGES
EQUITY INTRADAY0.03%
EQUITY FUTURES0.03%
EQUITY DELIVERY0.03%
EQUITY OPTIONSINR 125 per contract
CURRENCY FUTURE0.03%
CURRENCY OPTIONS INR 125 per contract
COMMODITY OPTIONSNA
COMMODITY FUTURESNA
Margins

The customers get following leverage or exposure for options, intraday, delivery, currency, and commodities which is as follows,

TRADING SEGMENTMARGIN
EQUITY INTRADAYUpto 10X
EQUITY DELIVERYUpto 7X  with 22 % interest annually
EQUITY FUTURESNo Leverage
EQUITY OPTIONS No Leverage
CURRENCY OPTIONSNo Leverage
CURRENCY FUTURENo Leverage
COMMODITY OPTIONSNA
COMMODITY FUTURENA
Transaction Charges

The transaction charges charged by Geojit BNP Paribas are as follows,

TRADING SEGMENTTRANSACTION FEE
EQUITY INTRADAY0.00325%
EQUITY DELIVERY0.00325%
EQUITY OPTIONS 0.055%
EQUITY FUTURES0.0021%
CURRENCY OPTIONS 0.0473%
CURRENCY FUTURES0,0145%
COMMODITYNA

Consumer Complaint Report

Geojit complaint reports provide details about

  • Number of complaints received by stock exchanges for Geojit
  • A number of active clients.
ExchangeFinancial YearNumber Of Complaints Total Complaints
NSE2011-1241268753
NSE2012-1345294546
NSE2013-1414817642
NSE2014-1515827156
NSE2015-1617739732
NSE2016-1716031732
NSE2017-1818346638
NSE2018-1916387532
NSE2019-201613132

To access the complete list of complaints registered against brokers with NSE, just click on this link

Conclusion

Geojit BNP Paribas has been providing good quality financial services to its customers for many years. The trading platforms provided by this stockbroker company has advanced technology. The brokerage charges are minimal as compared to the other similar companies in the industry. Moreover, it also provides adequate customer support.

In all, it can be concluded that one can trust the financial services provided by Geojit BNP Paribas.

Share on whatsapp
WhatsApp
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Related Articles

Recent Blogs

Open Free Demat Account

Congratulations!

You have taken the first step.

An expert will call you shortly.