Reviews of Stock Brokers

Geojit Financial

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Geojit Financial, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Geojit Financial founded in 1986 by C. J. George & A. P. Kurian is a Public company headquartered in Mumbai, Maharashtra India. As a Full Service Broker, Geojit Financial aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Geojit Financial operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewGeojit Financial
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterMumbai, Maharashtra
FoundersC. J. George & A. P. Kurian
Foundation Year1986
Supported ExchangesBSE, NSE, MCX-SX
Total branches509

Geojit Financial Account opening charges

To begin trading with Geojit Financial, you need to open a trading account and a Demat account. Geojit Financial charges Rs.350 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.400 for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesGeojit Financial
Trading Account Opening ChargesRs.350
Demat AMC (Annual Maintenance Charges)Rs.400
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyRs.15,0000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Geojit Financial Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Geojit Financial brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesGeojit Financial
Equity Delivery Brokerage0.30%
Equity Intraday Brokerage0.03%
Equity Futures Brokerage0.03%
Equity Options BrokerageRs.75 per lot

Currency Brokerage Charges

Currency Brokerage ChargesGeojit Financial
Currency Futures Brokerage0.03%
Currency Options BrokerageRs.15 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesGeojit Financial
Commodity Options BrokerageNA

Geojit Financial Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesGeojit Financial
Minimum Brokerage ChargesRs.15 per executed order
Transaction Brokerage Charges0.00311% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Geojit Financial Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Geojit Financial:

Equity LeverageGeojit Financial
Equity DeliveryUpto 1x
Equity IntradayUpto 10x
Equity FuturesUpto 4x
Equity OptionsUpto 5x

Geojit Financial Currency Leverage

Currency LeverageGeojit Financial
Currency FuturesUpto 4x
Currency OptionsUpto 5x

Geojit Financial Commodity Leverage

Equity LeverageGeojit Financial
CommodityUpto 3x

Geojit Financial Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersGeojit Financial
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Geojit Financial Features

FeaturesGeojit Financial
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 10x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Geojit Financial Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesGeojit Financial
Fundamental ReportsYes
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Geojit Financial Trading Platforms

The Geojit Financial trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Geojit Financial Trading Platforms

Desktop Trading PlatformsGeojit Financial
Desktop BrowserYes

Geojit Financial Mobile App

The Geojit Financial mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppGeojit Financial
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Geojit Financial Web Trading

For web-based trading, Geojit Financial offers a powerful trading website known as Geojit Financial trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Geojit Financial Trade Terminal

Geojit Financial offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Geojit Financial Customer Support

Customer SupportGeojit Financial
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches489

Geojit Financial Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Geojit Financial.

BSE ComplaintsGeojit Financial
BSE Complaints187
BSE Resolved Complaints176
Percentage of resolved BSE complaints94.12 %
NSE Complaints214
NSE Resolved Complaints198
Percentage of resolved NSE complaints92.52 %
BSE/NSE Complaint vs. Resolved Percentage93.32 %


In conclusion, Geojit Financial offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Geojit Financial can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.