Compare stock brokers
Geojit Financial vs. Arch Finance
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Geojit Financial and Arch Finance. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Geojit Financial and Arch Finance.
Overview
Geojit Financial is public company and Arch Finance is private company. both are full service broker as well. C. J. George & A. P. Kurian co-founded Geojit Financial in 1986. And Arch Finance was founded in the year 1995 by Narendra Goushal. Geojit Financial's headquarters are in Mumbai, Maharashtra and Arch Finance's headquarters are in NEW DELHI.
Geojit Financial and Arch Finance both are full service broker as well. Geojit Financial is registered in BSE, NSE, MCX-SX, while Arch Finance is registered in NA. The total branches of Geojit Financial are 509 and the Arch Finance branches are Nil.
| Overview | Geojit Financial | Arch Finance |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, Maharashtra | NEW DELHI |
| Founders | C. J. George & A. P. Kurian | Narendra Goushal |
| Foundation Year | 1986 | 1995 |
| Supported Exchanges | BSE, NSE, MCX-SX | NA |
| Total branches | 509 | Nil |
Geojit Financial and Arch Finance Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Geojit Financial charging Rs.350 and Arch Finance charging Rs.250.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Geojit Financial Demat account is Rs.400 and for the Arch Finance Demat account is Rs.250 per Annum. The Trading AMC for Geojit Financial and Arch Finance is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Geojit Financial and Arch Finance is CDSL.
| Account Opening and Demat Charges | Geojit Financial | Arch Finance |
|---|---|---|
| Trading Account Opening Charges | Rs.350 | Rs.250 |
| Demat AMC (Annual Maintenance Charges) | Rs.400 | Rs.250 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Rs.15,0000 | Minimum Rs.10,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Geojit Financial and Arch Finance Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Geojit Financial is 0.30%, while Arch Finance charges you 0.20%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Geojit Financial is 0.03% and for Arch Finance also, it is 0.02%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Geojit Financial charge 0.03% and Arch Finance charge 0.02% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Geojit Financial charges Rs.75 per lot, and Arch Finance charges Rs.20 per Lot.
| Equity Brokerage Charges | Geojit Financial | Arch Finance |
|---|---|---|
| Equity Delivery Brokerage | 0.30% | 0.20% |
| Equity Intraday Brokerage | 0.03% | 0.02% |
| Equity Futures Brokerage | 0.03% | 0.02% |
| Equity Options Brokerage | Rs.75 per lot | Rs.20 per Lot |
Geojit Financial and Arch Finance Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Geojit Financial is 0.03% and for Arch Finance is 0.02%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Geojit Financial charges Rs.15 per Lot for currency options, whereas Geojit Financial charges Rs.20 per Lot.
| Currency Brokerage Charges | Geojit Financial | Arch Finance |
|---|---|---|
| Currency Futures Brokerage | 0.03% | 0.02% |
| Currency Options Brokerage | Rs.15 per Lot | Rs.20 per Lot |
Geojit Financial and Arch Finance Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Geojit Financial charges NA for commodity trading, while Arch Finance charges 0.02%.
| Commodity Brokerage Charges | Geojit Financial | Arch Finance |
|---|---|---|
| Commodity Options Brokerage | NA | 0.02% |
Geojit Financial and Arch Finance Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Geojit Financial levies a minimum brokerage fee of Rs.15 per executed order, while Arch Finance charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Geojit Financial levies a transaction brokerage charge of 0.00311% of Total Turnover, while Arch Finance charges 0.00311%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Geojit Financial is 0.0002% of Total Turnover and for Geojit Financial is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Geojit Financial are 0.0126% of Total Turnover, while for Arch Finance, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Geojit Financial charges NA and Arch Finance charges NA.
| Other Brokerage Charges | Geojit Financial | Arch Finance |
|---|---|---|
| Minimum Brokerage Charges | Rs.15 per executed order | Percentage of Transaction | Transaction Brokerage Charges | 0.00311% of Total Turnover | 0.00311% | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | NA |
Geojit Financial and Arch Finance Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Geojit Financial is up to Upto 1x and by Arch Finance it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Geojit Financial is up to Upto 10x and by Arch Finance it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Geojit Financial is up to Upto 4x and by Arch Finance it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Geojit Financial is up to Upto 5x and by Arch Finance also, it is up to Upto 5x.
| Equity Leverage | Geojit Financial | Arch Finance |
|---|---|---|
| Equity Delivery | Upto 1x | Upto 2x | Equity Intraday | Upto 10x | Upto 6x | Equity Futures | Upto 4x | Upto 3x | Equity Options | Upto 5x | Upto 5x |
Geojit Financial and Arch Finance Currency Leverage
The currency futures leverage provided by Geojit Financial is up to Upto 4x, while for Arch Finance it is up to Upto 2x.
The currency options leverage provided by Geojit Financial is up to Upto 5x, while for Arch Finance it is up to Upto 2x.
| Currency Leverage | Geojit Financial | Arch Finance |
|---|---|---|
| Currency Futures | Upto 4x | Upto 2x | Currency Options | Upto 5x | Upto 2x |
Geojit Financial and Arch Finance Commodity Leverage
The commodity leverage provided by Geojit Financial is up to Upto 3x, while for Arch Finance it is up to Upto 2x.
| Commodity Leverage | Geojit Financial | Arch Finance |
|---|---|---|
| Commodity | Upto 3x | Upto 2x |
Geojit Financial and Arch Finance Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Geojit Financial | Arch Finance |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | No | Flexible Plans | Yes | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Geojit Financial and Arch Finance Features
Equity Trading: Geojit Financial and Arch Finance brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Geojit Financial and Arch Finance also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Geojit Financial and Arch Finance broker is that you can also invest in IPOs. Geojit Financial also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Geojit Financial offers trading exposure of up to Upto 10x, while Arch Finance gives up to Upto 6x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Geojit Financial and Arch Finance, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Geojit Financial and Arch Finance also allow you to trade in forex trading.
| Features | Geojit Financial | Arch Finance |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | No | Yes | IPO (Initial public offering) | Yes | No | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | No | No | Trading Exposure | Upto 10x | Upto 6x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Geojit Financial and Arch Finance Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Geojit Financial and Arch Finance offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Geojit Financial | Arch Finance |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | No |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Geojit Financial and Arch Finance Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Geojit Financial and Arch Finance offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Geojit Financial | Arch Finance |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | No |
Geojit Financial and Arch Finance Mobile Trading Platforms
Geojit Financial and Arch Finance offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Geojit Financial | Arch Finance |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Geojit Financial and Arch Finance Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Geojit Financial and Arch Finance give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Geojit Financial | Arch Finance |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 489 | 7 |
Geojit Financial and Arch Finance Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Geojit Financial and Arch Finance registered and resolved complaints.
For Geojit Financial, the Percentage of resolved BSE complaints is 94.12 % and the Percentage of resolved NSE complaints is 92.52 %.
For Arch Finance, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is NaN %.
We can say that Geojit Financial is better than Arch Finance in case of resolving customer complaints.
| BSE Complaints | Geojit Financial | Arch Finance |
|---|---|---|
| BSE Complaints | 187 | 0 |
| BSE Resolved Complaints | 176 | 0 |
| Percentage of resolved BSE complaints | 94.12 % | NaN % |
| NSE Complaints | 214 | 0 |
| NSE Resolved Complaints | 198 | 0 |
| Percentage of resolved NSE complaints | 92.52 % | NaN % |
| BSE/NSE Complaint vs. Resolved Percentage | 93.32 % | NaN % |
Frequently Asked Questions
Is Geojit Financial better than Arch Finance?
Geojit Financial and Arch Finance are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Arch Finance better than Geojit Financial?
Arch Finance and Geojit Financial are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Geojit Financial and Arch Finance?
Geojit Financial and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Geojit Financial and Arch Finance?
To figure out which of the two stockbrokers, Geojit Financial and Arch Finance, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Geojit Financial with other stock brokers
Visit the following pages to see a detailed comparision report of Geojit Financial with other brokerage firms.
Compare Arch Finance with other stock brokers
Visit the following pages to see a detailed comparision report of Arch Finance with other brokerage firms.