Top Stock Advisory
Tradejini vs. Hedge Equities
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 Tradejini and Hedge Equities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Tradejini and Hedge Equities.
Overview
Tradejini are Hedge Equities both private companies and Tradejini operates as a discount broker, while Hedge Equities functions as a full service broker. J kishore kumar co-founded Tradejini in 2012. And Hedge Equities was founded in the year 2008 by Alex K Babu. Tradejini's headquarters are in Bangalore, Karnataka and Hedge Equities's headquarters are in Cochin, Kerala.
Tradejini operates as a discount broker, while Hedge Equities functions as a full service broker. Tradejini is registered in BSE, NSE, MCX, MCX-SX, while Hedge Equities is registered in NA. The total branches of Tradejini are 1 and the Hedge Equities branches are Nil.
| Overview | Tradejini | Hedge Equities |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Bangalore, Karnataka | Cochin, Kerala |
| Founders | J kishore kumar | Alex K Babu |
| Foundation Year | 2012 | 2008 |
| Supported Exchanges | BSE, NSE, MCX, MCX-SX | NA |
| Total branches | 1 | Nil |
Tradejini and Hedge Equities 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 Tradejini charging Rs.200 and Hedge Equities charging Rs.300.
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 Tradejini Demat account is Rs.300 per Annum and for the Hedge Equities Demat account is Free. The Trading AMC for Tradejini and Hedge Equities 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 Tradejini and Hedge Equities is CDSL.
| Account Opening and Demat Charges | Tradejini | Hedge Equities |
|---|---|---|
| Trading Account Opening Charges | Rs.200 | Rs.300 |
| Demat AMC (Annual Maintenance Charges) | Rs.300 per Annum | Free |
| Trading AMC (Annual Maintenance Charges) | Free | Rs.250 per Annum |
| Margin Money | Zero Margin | Minimum Rs.3,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Tradejini and Hedge Equities 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 Tradejini is Rs.20 per Executed Order , while Hedge Equities charges you 0.35%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Tradejini is Rs.20 per Executed Order and for Hedge Equities also, it is 0.04%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Tradejini charge Rs.20 per Executed Order and Hedge Equities charge 0.04% 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, Tradejini charges Rs.20 per Executed Order , and Hedge Equities charges Rs.35 per order.
| Equity Brokerage Charges | Tradejini | Hedge Equities |
|---|---|---|
| Equity Delivery Brokerage | Rs.20 per Executed Order | 0.35% |
| Equity Intraday Brokerage | Rs.20 per Executed Order | 0.04% |
| Equity Futures Brokerage | Rs.20 per Executed Order | 0.04% |
| Equity Options Brokerage | Rs.20 per Executed Order | Rs.35 per order |
Tradejini and Hedge Equities 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 Tradejini is Rs.20 per Executed Order and for Hedge Equities is 0.04%.
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. Tradejini charges Rs.20 per Executed Order for currency options, whereas Tradejini charges Rs.20 per order.
| Currency Brokerage Charges | Tradejini | Hedge Equities |
|---|---|---|
| Currency Futures Brokerage | Rs.20 per Executed Order | 0.04% |
| Currency Options Brokerage | Rs.20 per Executed Order | Rs.20 per order |
Tradejini and Hedge Equities 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. Tradejini charges Rs.20 per Executed Order for commodity trading, while Hedge Equities charges NA.
| Commodity Brokerage Charges | Tradejini | Hedge Equities |
|---|---|---|
| Commodity Options Brokerage | Rs.20 per Executed Order | NA |
Tradejini and Hedge Equities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Tradejini levies a minimum brokerage fee of Rs.20 per Executed Order, while Hedge Equities charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Tradejini levies a transaction brokerage charge of 0.00292% of Total Turnover, while Hedge Equities charges 0.00325%.
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 Tradejini is 0.0007% of Total Turnover and for Tradejini 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 Tradejini are 0.0112% of Total Turnover, while for Hedge Equities, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Tradejini charges Rs 20 per executed order and Hedge Equities charges NA.
| Other Brokerage Charges | Tradejini | Hedge Equities |
|---|---|---|
| Minimum Brokerage Charges | Rs.20 per Executed Order | Percentage of Transaction | Transaction Brokerage Charges | 0.00292% of Total Turnover | 0.00325% | SEBI Turnover Charges | 0.0007% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0112% of Total Turnover | 0.0126% of selling value | Call and Trade Charges | Rs 20 per executed order | NA |
Tradejini and Hedge Equities 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 Tradejini is up to Upto 2x and by Hedge Equities it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Tradejini is up to Upto 6x and by Hedge Equities it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Tradejini is up to Upto 3x and by Hedge Equities it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Tradejini is up to Upto 4x and by Hedge Equities also, it is up to Upto 5x.
| Equity Leverage | Tradejini | Hedge Equities |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 6x | Upto 5x | Equity Futures | Upto 3x | Upto 2x | Equity Options | Upto 4x | Upto 5x |
Tradejini and Hedge Equities Currency Leverage
The currency futures leverage provided by Tradejini is up to Upto 2x, while for Hedge Equities it is up to Upto 4x.
The currency options leverage provided by Tradejini is up to Upto 2x, while for Hedge Equities it is up to Upto 4x.
| Currency Leverage | Tradejini | Hedge Equities |
|---|---|---|
| Currency Futures | Upto 2x | Upto 4x | Currency Options | Upto 2x | Upto 4x |
Tradejini and Hedge Equities Commodity Leverage
The commodity leverage provided by Tradejini is up to Upto 2x, while for Hedge Equities it is up to Upto 3x.
| Commodity Leverage | Tradejini | Hedge Equities |
|---|---|---|
| Commodity | Upto 2x | Upto 3x |
Tradejini and Hedge Equities 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.
| Offers | Tradejini | Hedge Equities |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | No | Yes | Flexible Plans | No | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Tradejini and Hedge Equities Features
Equity Trading: Tradejini and Hedge Equities 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: Tradejini and Hedge Equities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Tradejini and Hedge Equities broker is that you can also invest in IPOs. Tradejini also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Tradejini offers trading exposure of up to Upto 6x, while Hedge Equities 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 Tradejini and Hedge Equities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Tradejini and Hedge Equities also allow you to trade in forex trading.
| Features | Tradejini | Hedge Equities |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | No | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 5x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Tradejini and Hedge Equities 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. Tradejini and Hedge Equities 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 Services | Tradejini | Hedge Equities |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | No | Yes |
| IPO Reports | No | No |
| Top Picks | No | No |
| Daily Market Review | No | No |
| Monthly Reports | No | No |
| Weekly reports | No | No |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Tradejini and Hedge Equities 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. Tradejini and Hedge Equities 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 Platforms | Tradejini | Hedge Equities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Tradejini and Hedge Equities Mobile Trading Platforms
Tradejini and Hedge Equities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Tradejini | Hedge Equities |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Tradejini and Hedge Equities 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. Tradejini and Hedge Equities 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 Features | Tradejini | Hedge Equities |
|---|---|---|
| Relationship Manager | No | No |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 0 | 20 |
Tradejini and Hedge Equities 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 Tradejini and Hedge Equities registered and resolved complaints.
For Tradejini, the Percentage of resolved BSE complaints is 95.24 % and the Percentage of resolved NSE complaints is 92.98 %.
For Hedge Equities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Tradejini is better than Hedge Equities in case of resolving customer complaints.
| BSE Complaints | Tradejini | Hedge Equities |
|---|---|---|
| BSE Complaints | 42 | 0 |
| BSE Resolved Complaints | 40 | 0 |
| Percentage of resolved BSE complaints | 95.24 % | NaN % |
| NSE Complaints | 57 | 1 |
| NSE Resolved Complaints | 53 | 1 |
| Percentage of resolved NSE complaints | 92.98 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 94.11 % | NaN % |
Frequently Asked Questions
Is Tradejini better than Hedge Equities?
Tradejini is a discount broker and Hedge Equities is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Hedge Equities better than Tradejini?
Hedge Equities is a full service broker and Tradejini is a discount broker. 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.
Which is cheaper between Tradejini and Hedge Equities?
The brokerage charges for Tradejini are on the cheaper side since it is a discount broker, while Hedge Equities is a full-service broker. 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.
Which is better, Tradejini and Hedge Equities?
To figure out which of the two stockbrokers, Tradejini and Hedge Equities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Tradejini with other stock brokers
Visit the following pages to see a detailed comparision report of Tradejini with other brokerage firms.
Compare Hedge Equities with other stock brokers
Visit the following pages to see a detailed comparision report of Hedge Equities with other brokerage firms.