Reviews of Stock Brokers


Tradejini

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 Tradejini, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Overview

Tradejini founded in 2012 by J kishore kumar is a Private company headquartered in Bangalore, Karnataka India. As a Discount Broker, Tradejini aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Tradejini operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewTradejini
Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterBangalore, Karnataka
FoundersJ kishore kumar
Foundation Year2012
Supported ExchangesBSE, NSE, MCX, MCX-SX
Total branches1

Tradejini Account opening charges

To begin trading with Tradejini, you need to open a trading account and a Demat account. Tradejini charges Rs.200 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesTradejini
Trading Account Opening ChargesRs.200
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Tradejini Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesTradejini
Equity Delivery BrokerageRs.20 per Executed Order
Equity Intraday BrokerageRs.20 per Executed Order
Equity Futures BrokerageRs.20 per Executed Order
Equity Options BrokerageRs.20 per Executed Order

Currency Brokerage Charges

Currency Brokerage ChargesTradejini
Currency Futures BrokerageRs.20 per Executed Order
Currency Options BrokerageRs.20 per Executed Order

Commodity Brokerage Charges

Commodity Brokerage ChargesTradejini
Commodity Options BrokerageRs.20 per Executed Order

Tradejini Other Charges

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

Other Brokerage ChargesTradejini
Minimum Brokerage ChargesRs.20 per Executed Order
Transaction Brokerage Charges0.00292% of Total Turnover
SEBI Turnover Charges0.0007% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0112% of Total Turnover
Call and Trade ChargesRs 20 per executed order

Tradejini Equity Leverage

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

Equity LeverageTradejini
Equity DeliveryUpto 2x
Equity IntradayUpto 6x
Equity FuturesUpto 3x
Equity OptionsUpto 4x

Tradejini Currency Leverage

Currency LeverageTradejini
Currency FuturesUpto 2x
Currency OptionsUpto 2x

Tradejini Commodity Leverage

Equity LeverageTradejini
CommodityUpto 2x

Tradejini Offers

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

OffersTradejini
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Tradejini Features

FeaturesTradejini
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

Tradejini 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.

ServicesTradejini
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsNo
IPO ReportsNo
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

Tradejini Trading Platforms

The Tradejini 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.


Tradejini Trading Platforms

Desktop Trading PlatformsTradejini
WindowsYes
MacYes
Desktop BrowserYes

Tradejini Mobile App

The Tradejini 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 AppTradejini
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Tradejini Web Trading

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


Tradejini Trade Terminal

Tradejini 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.


Tradejini Customer Support

Customer SupportTradejini
Relationship ManagerNo
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches0

Tradejini 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 Tradejini.

BSE ComplaintsTradejini
BSE Complaints42
BSE Resolved Complaints40
Percentage of resolved BSE complaints95.24 %
NSE Complaints57
NSE Resolved Complaints53
Percentage of resolved NSE complaints92.98 %
BSE/NSE Complaint vs. Resolved Percentage94.11 %

Conclusion

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