Top Stock Advisory

VS

Marfatia Stock Broking vs. Jk Securities

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 Marfatia Stock Broking and Jk Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Marfatia Stock Broking and Jk Securities.


Overview

Marfatia Stock Broking is public company and Jk Securities is private company. both are full service broker as well. Nishil Marfatia co-founded Marfatia Stock Broking in 2002. And Jk Securities was founded in the year 1995 by Kirit A Patel. Marfatia Stock Broking's headquarters are in Vadodara, Gujarat and Jk Securities's headquarters are in Ahmedabad, Gujarat.

Marfatia Stock Broking and Jk Securities both are full service broker as well. Marfatia Stock Broking is registered in NA, while Jk Securities is registered in NA. The total branches of Marfatia Stock Broking are Nil and the Jk Securities branches are Nil.

OverviewMarfatia Stock BrokingJk Securities
Broker TypeFull Service BrokerFull Service Broker
Type of companyPublicPrivate
HeadquarterVadodara, GujaratAhmedabad, Gujarat
FoundersNishil MarfatiaKirit A Patel
Foundation Year20021995
Supported ExchangesNANA
Total branchesNilNil

Marfatia Stock Broking and Jk Securities 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 Marfatia Stock Broking charging Free and Jk Securities charging Zero.

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 Marfatia Stock Broking Demat account is Rs.400 per Annum and for the Jk Securities Demat account is Rs.170 per Annum. The Trading AMC for Marfatia Stock Broking and Jk Securities 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 Marfatia Stock Broking and Jk Securities is CDSL.

Account Opening and Demat ChargesMarfatia Stock BrokingJk Securities
Trading Account Opening ChargesFreeZero
Demat AMC (Annual Maintenance Charges)Rs.400 per AnnumRs.170 per Annum
Trading AMC (Annual Maintenance Charges)Rs.250 per AnnumRs.170 per Annum
Margin MoneyZero MarginZero Margin
Offline to Online ChargesYesYes
DepositoryCDSL & NSDLCDSL & NSDL

Marfatia Stock Broking and Jk Securities 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 Marfatia Stock Broking is 0.29%, while Jk Securities charges you 0.17%.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Marfatia Stock Broking is 0.03% and for Jk Securities 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. Marfatia Stock Broking charge 0.03% and Jk Securities 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, Marfatia Stock Broking charges Rs.29 per Lot, and Jk Securities charges Rs.17 per Lot.

Equity Brokerage ChargesMarfatia Stock BrokingJk Securities
Equity Delivery Brokerage0.29%0.17%
Equity Intraday Brokerage0.03%0.02%
Equity Futures Brokerage0.03%0.02%
Equity Options BrokerageRs.29 per LotRs.17 per Lot

Marfatia Stock Broking and Jk Securities 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 Marfatia Stock Broking is 0.03% and for Jk Securities 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. Marfatia Stock Broking charges Rs.19 per Lot for currency options, whereas Marfatia Stock Broking charges Rs.17 per Lot.

Currency Brokerage ChargesMarfatia Stock BrokingJk Securities
Currency Futures Brokerage0.03%0.02%
Currency Options BrokerageRs.19 per LotRs.17 per Lot

Marfatia Stock Broking and Jk Securities 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. Marfatia Stock Broking charges NA for commodity trading, while Jk Securities charges 0.02%.

Commodity Brokerage ChargesMarfatia Stock BrokingJk Securities
Commodity Options BrokerageNA0.02%

Marfatia Stock Broking and Jk Securities Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Marfatia Stock Broking levies a minimum brokerage fee of Percentage of Transaction, while Jk Securities charges Percentage of Transaction brokerage fee.

Transaction Brokerage Charges: Marfatia Stock Broking levies a transaction brokerage charge of 0.00275%, while Jk Securities charges 0.00317%.

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 Marfatia Stock Broking is 0.0002% of Total Turnover and for Marfatia Stock Broking 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 Marfatia Stock Broking are 0.0126% of selling value, while for Jk Securities, they are 0.0126% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. Marfatia Stock Broking charges NA and Jk Securities charges NA.

Other Brokerage ChargesMarfatia Stock BrokingJk Securities
Minimum Brokerage ChargesPercentage of TransactionPercentage of Transaction
Transaction Brokerage Charges0.00275%0.00317%
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp Duty ChargesAs per the stateAs per the state
GST Charges18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of selling value0.0126% of Total Turnover
Call and Trade ChargesNANA

Marfatia Stock Broking and Jk Securities 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 Marfatia Stock Broking is up to Upto 3x and by Jk Securities it is up to Upto 2x.

Equity Intraday: Leverage for equity intraday by Marfatia Stock Broking is up to Upto 6x and by Jk Securities it is up to Upto 5x.

Equity Futures: Leverage for Equity Futures by Marfatia Stock Broking is up to Upto 3x and by Jk Securities it is up to Upto 2x.

Equity Options: Leverage for Equity Options by Marfatia Stock Broking is up to Upto 4x and by Jk Securities also, it is up to Upto 4x.

Equity LeverageMarfatia Stock BrokingJk Securities
Equity DeliveryUpto 3xUpto 2x
Equity IntradayUpto 6xUpto 5x
Equity FuturesUpto 3xUpto 2x
Equity OptionsUpto 4xUpto 4x

Marfatia Stock Broking and Jk Securities Currency Leverage

The currency futures leverage provided by Marfatia Stock Broking is up to Upto 2x, while for Jk Securities it is up to Upto 3x.

The currency options leverage provided by Marfatia Stock Broking is up to Upto 3x, while for Jk Securities it is up to Upto 3x.

Currency LeverageMarfatia Stock BrokingJk Securities
Currency FuturesUpto 2xUpto 3x
Currency OptionsUpto 3xUpto 3x

Marfatia Stock Broking and Jk Securities Commodity Leverage

The commodity leverage provided by Marfatia Stock Broking is up to Upto 2x, while for Jk Securities it is up to Upto 1x.

Commodity LeverageMarfatia Stock BrokingJk Securities
CommodityUpto 2xUpto 1x

Marfatia Stock Broking and Jk Securities 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.

OffersMarfatia Stock BrokingJk Securities
Free Stock Trading AccountNoNo
Free Demat AccountYesNo
Flexible PlansYesNo
Brokerage DiscountsYesYes
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersNoYes
Referral ProgramNoNo
Zero Brokerage on Loss TradesNoNo

Marfatia Stock Broking and Jk Securities Features

Equity Trading: Marfatia Stock Broking and Jk Securities 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: Marfatia Stock Broking and Jk Securities also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of Marfatia Stock Broking and Jk Securities broker is that you can also invest in IPOs. Marfatia Stock Broking also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. Marfatia Stock Broking offers trading exposure of up to Upto 6x, while Jk Securities gives up to Upto 5x.

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 Marfatia Stock Broking and Jk Securities, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Marfatia Stock Broking and Jk Securities also allow you to trade in forex trading.

FeaturesMarfatia Stock BrokingJk Securities
Equity Delivery TradingYesYes
Equity Intraday TradingYesYes
Equity Futures TradingYesYes
Equity Options TradingYesYes
Currency TradingYesYes
Commodity TradingNoYes
IPO (Initial public offering)YesYes
Stocks SuggestionsNoNo
Robo AdvisoryNoNo
PMS (Portfolio Management Services)YesNo
Trading InstitutionYesNo
Trading ExposureUpto 6xUpto 5x
Mutual FundsNoYes
SIP (Systematic Investment Plan)NoYes
Forex TradingNoNo
BankingNoNo
InsuranceNoNo

Marfatia Stock Broking and Jk Securities 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. Marfatia Stock Broking and Jk Securities 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 ServicesMarfatia Stock BrokingJk Securities
Fundamental ReportsYesNo
Research ReportsYesNo
Company ReportsYesNo
Annual ReportsYesNo
Company Stock ReviewYesNo
Free Stock TipsYesYes
IPO ReportsYesYes
Top PicksYesNo
Daily Market ReviewYesNo
Monthly ReportsYesNo
Weekly reportsYesNo
Offline AdvisoryYesYes
Relationship ManagerYesYes

Marfatia Stock Broking and Jk Securities 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. Marfatia Stock Broking and Jk Securities 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 PlatformsMarfatia Stock BrokingJk Securities
WindowsYesYes
MacYesNo
Desktop BrowserYesNo

Marfatia Stock Broking and Jk Securities Mobile Trading Platforms

Marfatia Stock Broking and Jk Securities offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading PlatformsMarfatia Stock BrokingJk Securities
Mobile BrowserYesNo
Android AppYesYes
iOS AppYesYes
Windows AppNoNo
Other mobile osNoNo

Marfatia Stock Broking and Jk Securities 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. Marfatia Stock Broking and Jk Securities 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 FeaturesMarfatia Stock BrokingJk Securities
Relationship ManagerYesNo
Offline TradingYesYes
Online TradingYesYes
24 * 7 SupportNoNo
Email SupportYesYes
Chat SupportNoNo
Toll free numberNoNo
Support Branches205

Marfatia Stock Broking and Jk Securities 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 Marfatia Stock Broking and Jk Securities registered and resolved complaints.

For Marfatia Stock Broking, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.

For Jk Securities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.

We can say that Marfatia Stock Broking is better than Jk Securities in case of resolving customer complaints.

BSE ComplaintsMarfatia Stock BrokingJk Securities
BSE Complaints00
BSE Resolved Complaints00
Percentage of resolved BSE complaintsNaN %NaN %
NSE Complaints21
NSE Resolved Complaints21
Percentage of resolved NSE complaints100.00 %100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %NaN %

Frequently Asked Questions


  1. Is Marfatia Stock Broking better than Jk Securities?

    Marfatia Stock Broking and Jk Securities 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.

  2. Is Jk Securities better than Marfatia Stock Broking?

    Jk Securities and Marfatia Stock Broking 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.

  3. Which is cheaper between Marfatia Stock Broking and Jk Securities?

    Marfatia Stock Broking 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.

  4. Which is better, Marfatia Stock Broking and Jk Securities?

    To figure out which of the two stockbrokers, Marfatia Stock Broking and Jk Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.


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.


Compare Jk Securities with other stock brokers

Visit the following pages to see a detailed comparision report of Jk Securities with other brokerage firms.