Top Stock Advisory
Jhaveri Securities vs. Marfatia Stock Broking
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 Jhaveri Securities and Marfatia Stock Broking. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Jhaveri Securities and Marfatia Stock Broking.
Overview
Jhaveri Securities is private company and Marfatia Stock Broking is public company. both are full service broker as well. Ashwin C Shroff co-founded Jhaveri Securities in 1992. And Marfatia Stock Broking was founded in the year 2002 by Nishil Marfatia. Jhaveri Securities's headquarters are in Vadodara, Gujrat and Marfatia Stock Broking's headquarters are in Vadodara, Gujarat.
Jhaveri Securities and Marfatia Stock Broking both are full service broker as well. Jhaveri Securities is registered in NA, while Marfatia Stock Broking is registered in NA. The total branches of Jhaveri Securities are Nil and the Marfatia Stock Broking branches are Nil.
| Overview | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Vadodara, Gujrat | Vadodara, Gujarat |
| Founders | Ashwin C Shroff | Nishil Marfatia |
| Foundation Year | 1992 | 2002 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Jhaveri Securities and Marfatia Stock Broking 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 Jhaveri Securities charging Rs.199 and Marfatia Stock Broking charging Free.
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 Jhaveri Securities Demat account is Rs.400 and for the Marfatia Stock Broking Demat account is Rs.400 per Annum. The Trading AMC for Jhaveri Securities and Marfatia Stock Broking 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 Jhaveri Securities and Marfatia Stock Broking is CDSL.
| Account Opening and Demat Charges | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Trading Account Opening Charges | Rs.199 | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.400 | Rs.400 per Annum |
| Trading AMC (Annual Maintenance Charges) | Rs.300 | Rs.250 per Annum |
| Margin Money | Minimum Rs.10,000 | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL | CDSL & NSDL |
Jhaveri Securities and Marfatia Stock Broking 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 Jhaveri Securities is 0.20%, while Marfatia Stock Broking charges you 0.29%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Jhaveri Securities is 0.03% and for Marfatia Stock Broking also, it is 0.03%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Jhaveri Securities charge 0.03% and Marfatia Stock Broking charge 0.03% 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, Jhaveri Securities charges Rs.50 per order, and Marfatia Stock Broking charges Rs.29 per Lot.
| Equity Brokerage Charges | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Equity Delivery Brokerage | 0.20% | 0.29% |
| Equity Intraday Brokerage | 0.03% | 0.03% |
| Equity Futures Brokerage | 0.03% | 0.03% |
| Equity Options Brokerage | Rs.50 per order | Rs.29 per Lot |
Jhaveri Securities and Marfatia Stock Broking 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 Jhaveri Securities is 0.03% and for Marfatia Stock Broking is 0.03%.
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. Jhaveri Securities charges Rs.20 per order for currency options, whereas Jhaveri Securities charges Rs.19 per Lot.
| Currency Brokerage Charges | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Currency Futures Brokerage | 0.03% | 0.03% |
| Currency Options Brokerage | Rs.20 per order | Rs.19 per Lot |
Jhaveri Securities and Marfatia Stock Broking 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. Jhaveri Securities charges NA for commodity trading, while Marfatia Stock Broking charges NA.
| Commodity Brokerage Charges | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Commodity Options Brokerage | NA | NA |
Jhaveri Securities and Marfatia Stock Broking Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Jhaveri Securities levies a minimum brokerage fee of Percentage of Transaction, while Marfatia Stock Broking charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Jhaveri Securities levies a transaction brokerage charge of 0.00325% of Total Turnover, while Marfatia Stock Broking charges 0.00275%.
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 Jhaveri Securities is 0.0002% of Total Turnover and for Jhaveri Securities 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 Jhaveri Securities are 0.0126% of selling value, while for Marfatia Stock Broking, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Jhaveri Securities charges NA and Marfatia Stock Broking charges NA.
| Other Brokerage Charges | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00275% | 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 selling value | 0.0126% of selling value | Call and Trade Charges | NA | NA |
Jhaveri Securities and Marfatia Stock Broking 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 Jhaveri Securities is up to Upto 4x and by Marfatia Stock Broking it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Jhaveri Securities is up to Upto 20x and by Marfatia Stock Broking it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Jhaveri Securities is up to Upto 5x and by Marfatia Stock Broking it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Jhaveri Securities is up to Upto 8x and by Marfatia Stock Broking also, it is up to Upto 4x.
| Equity Leverage | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 3x | Equity Intraday | Upto 20x | Upto 6x | Equity Futures | Upto 5x | Upto 3x | Equity Options | Upto 8x | Upto 4x |
Jhaveri Securities and Marfatia Stock Broking Currency Leverage
The currency futures leverage provided by Jhaveri Securities is up to Upto 3x, while for Marfatia Stock Broking it is up to Upto 2x.
The currency options leverage provided by Jhaveri Securities is up to Upto 5x, while for Marfatia Stock Broking it is up to Upto 3x.
| Currency Leverage | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Currency Futures | Upto 3x | Upto 2x | Currency Options | Upto 5x | Upto 3x |
Jhaveri Securities and Marfatia Stock Broking Commodity Leverage
The commodity leverage provided by Jhaveri Securities is up to Upto 4x, while for Marfatia Stock Broking it is up to Upto 2x.
| Commodity Leverage | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Commodity | Upto 4x | Upto 2x |
Jhaveri Securities and Marfatia Stock Broking 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 | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Free Stock Trading Account | No | No | Free Demat Account | No | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Jhaveri Securities and Marfatia Stock Broking Features
Equity Trading: Jhaveri Securities and Marfatia Stock Broking 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: Jhaveri Securities and Marfatia Stock Broking also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Jhaveri Securities and Marfatia Stock Broking broker is that you can also invest in IPOs. Jhaveri Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Jhaveri Securities offers trading exposure of up to Upto 20x, while Marfatia Stock Broking 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 Jhaveri Securities and Marfatia Stock Broking, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Jhaveri Securities and Marfatia Stock Broking also allow you to trade in forex trading.
| Features | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| 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 | Yes | No | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | Yes | Trading Exposure | Upto 20x | Upto 6x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Jhaveri Securities and Marfatia Stock Broking 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. Jhaveri Securities and Marfatia Stock Broking 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 | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| Company Stock Review | No | Yes |
| Free Stock Tips | Yes | Yes |
| IPO Reports | No | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | No | Yes |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | No | Yes |
| Relationship Manager | Yes | Yes |
Jhaveri Securities and Marfatia Stock Broking 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. Jhaveri Securities and Marfatia Stock Broking 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 | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Jhaveri Securities and Marfatia Stock Broking Mobile Trading Platforms
Jhaveri Securities and Marfatia Stock Broking offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Jhaveri Securities and Marfatia Stock Broking 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. Jhaveri Securities and Marfatia Stock Broking 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 | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | No | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 35 | 20 |
Jhaveri Securities and Marfatia Stock Broking 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 Jhaveri Securities and Marfatia Stock Broking registered and resolved complaints.
For Jhaveri Securities, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Marfatia Stock Broking, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Jhaveri Securities is better than Marfatia Stock Broking in case of resolving customer complaints.
| BSE Complaints | Jhaveri Securities | Marfatia Stock Broking |
|---|---|---|
| BSE Complaints | 2 | 0 |
| BSE Resolved Complaints | 2 | 0 |
| Percentage of resolved BSE complaints | 100.00 % | NaN % |
| NSE Complaints | 1 | 2 |
| NSE Resolved Complaints | 1 | 2 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | NaN % |
Frequently Asked Questions
Is Jhaveri Securities better than Marfatia Stock Broking?
Jhaveri Securities and Marfatia Stock Broking 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 Marfatia Stock Broking better than Jhaveri Securities?
Marfatia Stock Broking and Jhaveri Securities 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 Jhaveri Securities and Marfatia Stock Broking?
Jhaveri Securities 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, Jhaveri Securities and Marfatia Stock Broking?
To figure out which of the two stockbrokers, Jhaveri Securities and Marfatia Stock Broking, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Jhaveri Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Jhaveri Securities with other brokerage firms.
Compare Marfatia Stock Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Marfatia Stock Broking with other brokerage firms.