Reviews of Stock Brokers


Jhaveri Securities

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 Jhaveri Securities, 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.


Overview

Jhaveri Securities founded in 1992 by Ashwin C Shroff is a Private company headquartered in Vadodara, Gujrat India. As a Full Service Broker, Jhaveri Securities aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Jhaveri Securities operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewJhaveri Securities
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterVadodara, Gujrat
FoundersAshwin C Shroff
Foundation Year1992
Supported ExchangesNA
Total branchesNil

Jhaveri Securities Account opening charges

To begin trading with Jhaveri Securities, you need to open a trading account and a Demat account. Jhaveri Securities charges Rs.199 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 ChargesJhaveri Securities
Trading Account Opening ChargesRs.199
Demat AMC (Annual Maintenance Charges)Rs.400
Trading AMC (Annual Maintenance Charges)Rs.300
Margin MoneyMinimum Rs.10,000
Offline to Online ChargesYes
DepositoryCDSL

Jhaveri Securities Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesJhaveri Securities
Equity Delivery Brokerage0.20%
Equity Intraday Brokerage0.03%
Equity Futures Brokerage0.03%
Equity Options BrokerageRs.50 per order

Currency Brokerage Charges

Currency Brokerage ChargesJhaveri Securities
Currency Futures Brokerage0.03%
Currency Options BrokerageRs.20 per order

Commodity Brokerage Charges

Commodity Brokerage ChargesJhaveri Securities
Commodity Options BrokerageNA

Jhaveri Securities Other Charges

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

Other Brokerage ChargesJhaveri Securities
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00325% 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 selling value
Call and Trade ChargesNA

Jhaveri Securities Equity Leverage

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

Equity LeverageJhaveri Securities
Equity DeliveryUpto 4x
Equity IntradayUpto 20x
Equity FuturesUpto 5x
Equity OptionsUpto 8x

Jhaveri Securities Currency Leverage

Currency LeverageJhaveri Securities
Currency FuturesUpto 3x
Currency OptionsUpto 5x

Jhaveri Securities Commodity Leverage

Equity LeverageJhaveri Securities
CommodityUpto 4x

Jhaveri Securities Offers

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

OffersJhaveri Securities
Free Stock Trading AccountNo
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Jhaveri Securities Features

FeaturesJhaveri Securities
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 20x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo
BankingNo
InsuranceYes

Jhaveri Securities 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.

ServicesJhaveri Securities
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerYes

Jhaveri Securities Trading Platforms

The Jhaveri Securities 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.


Jhaveri Securities Trading Platforms

Desktop Trading PlatformsJhaveri Securities
WindowsYes
MacYes
Desktop BrowserNo

Jhaveri Securities Mobile App

The Jhaveri Securities 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 AppJhaveri Securities
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Jhaveri Securities Web Trading

For web-based trading, Jhaveri Securities offers a powerful trading website known as Jhaveri Securities 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.


Jhaveri Securities Trade Terminal

Jhaveri Securities 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.


Jhaveri Securities Customer Support

Customer SupportJhaveri Securities
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportNo
Chat SupportNo
Toll free numberNo
Support Branches35

Jhaveri Securities 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 Jhaveri Securities.

BSE ComplaintsJhaveri Securities
BSE Complaints2
BSE Resolved Complaints2
Percentage of resolved BSE complaints100.00 %
NSE Complaints1
NSE Resolved Complaints1
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %

Conclusion

In conclusion, Jhaveri Securities 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, Jhaveri Securities can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.