Reviews of Stock Brokers


Just Trade

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 Just Trade, 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

Just Trade founded in 2008 by K K Bajaj is a Private company headquartered in Mumbai, Maharashtra India. As a Full Service Broker, Just Trade aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Just Trade operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewJust Trade
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, Maharashtra
FoundersK K Bajaj
Foundation Year2008
Supported ExchangesBSE, NSE
Total branchesNil

Just Trade Account opening charges

To begin trading with Just Trade, you need to open a trading account and a Demat account. Just Trade charges Rs.710 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.280 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesJust Trade
Trading Account Opening ChargesRs.710
Demat AMC (Annual Maintenance Charges)Rs.280 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyRs.10,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Just Trade Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesJust Trade
Equity Delivery Brokerage0.2% 0.4%
Equity Intraday Brokerage0.02% – 0.04%
Equity Futures Brokerage0.02% – 0.04%
Equity Options BrokerageRs.30 per lot

Currency Brokerage Charges

Currency Brokerage ChargesJust Trade
Currency Futures Brokerage0.02% – 0.04%
Currency Options BrokerageRs.10 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesJust Trade
Commodity Options Brokerage0.02% – 0.04%

Just Trade Other Charges

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

Other Brokerage ChargesJust Trade
Minimum Brokerage ChargesRs.20
Transaction Brokerage Charges0.00295% of Total Turnover
SEBI Turnover Charges0.0008% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0114% of Total Turnover
Call and Trade ChargesNA

Just Trade Equity Leverage

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

Equity LeverageJust Trade
Equity DeliveryUpto 3x
Equity IntradayUpto 6x
Equity FuturesUpto 4x
Equity OptionsUpto 4x

Just Trade Currency Leverage

Currency LeverageJust Trade
Currency FuturesUpto 3x
Currency OptionsUpto 3x

Just Trade Commodity Leverage

Equity LeverageJust Trade
CommodityUpto 3x

Just Trade Offers

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

OffersJust Trade
Free Stock Trading AccountNo
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Just Trade Features

FeaturesJust Trade
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 6x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo
BankingNo
InsuranceNo

Just Trade 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.

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

Just Trade Trading Platforms

The Just Trade 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.


Just Trade Trading Platforms

Desktop Trading PlatformsJust Trade
WindowsYes
MacYes
Desktop BrowserNo

Just Trade Mobile App

The Just Trade 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 AppJust Trade
Mobile BrowserNo
Android AppNo
iOS AppNo
Windows AppNo
Other mobile osNo

Just Trade Web Trading

For web-based trading, Just Trade offers a powerful trading website known as Just Trade 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.


Just Trade Trade Terminal

Just Trade 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.


Just Trade Customer Support

Customer SupportJust Trade
Relationship ManagerYes
Offline TradingYes
Online TradingNo
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches6

Just Trade 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 Just Trade.

BSE ComplaintsJust Trade
BSE Complaints15
BSE Resolved Complaints12
Percentage of resolved BSE complaints80.00 %
NSE Complaints28
NSE Resolved Complaints24
Percentage of resolved NSE complaints85.71 %
BSE/NSE Complaint vs. Resolved Percentage82.86 %

Conclusion

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