Geojit Review 2025 - App, Brokerage Charges, Demat Account Opening Fee

Geojit Financial Services, a well-established name in the Indian financial services sector, offers a range of trading solutions to cater to various investor needs. Founded in 1987, Geojit has built a reputation for providing robust trading platforms, comprehensive financial services, and extensive market research. This review provides a detailed look into Geojit's features, account opening procedures, brokerage charges, and customer feedback.

1. Features of Geojit

a. User-Friendly Trading Platforms

Geojit offers several trading platforms for its users:

• Geojit Trader: This web-based platform provides a comprehensive trading experience with real-time market data, advanced charting, and customizable features. It is designed to cater to both beginner and experienced traders.
• Geojit Mobile App: The mobile app offers similar functionalities as the web platform, allowing users to trade on the go. It includes features like real-time alerts, portfolio tracking, and trading across multiple segments.
• Geojit Research Desk: Geojit’s research desk provides detailed market analysis, investment advice, and stock recommendations. This service is especially useful for traders looking for expert insights to guide their investment decisions.

b. Comprehensive Market Research

Geojit is known for its robust research and advisory services. The company provides detailed reports, market analysis, and expert recommendations, which are highly valued by its clients. This feature supports traders in making informed investment decisions.

c. Diverse Trading Options

Geojit supports trading across various asset classes, including:

• Equities
• Derivatives (Futures and Options)
• Commodities
• Currencies

This broad spectrum of trading options enables investors to diversify their portfolios and explore different trading strategies.

d. Advanced Charting Tools

The trading platforms offered by Geojit include advanced charting tools with a variety of technical indicators, drawing tools, and chart patterns. These tools assist traders in analyzing market trends and making well-informed trading decisions.

e. Research-Based Advisory Services

Geojit's research-based advisory services provide personalized investment recommendations based on thorough market analysis. This feature is particularly beneficial for investors seeking expert guidance.

f. Transparent Brokerage Fees

Geojit follows a competitive brokerage fee structure:

• Equity Delivery Trades: 0.30% of the trade value
• Equity Intraday Trades: 0.03% of the trade value or ₹20 per trade, whichever is lower
• Equity Futures: 0.03% of the trade value or ₹20 per trade, whichever is lower
• Equity Options: ₹30 per order
• Commodities: 0.03% of the trade value or ₹20 per trade, whichever is lower
• Currency Futures: 0.03% of the trade value or ₹20 per trade, whichever is lower
• Currency Options: ₹30 per order

Additional charges for SEBI turnover fees and other regulatory costs may apply. The transparent pricing model helps traders understand and manage their trading expenses effectively.

2. Account Opening and Brokerage Charges

a. Account Opening Charges

Geojit’s account opening charges are as follows:

• Equity Account Opening: ₹500 (one-time fee)
• Commodity Account Opening: ₹500 (one-time fee)
• Demat Account Opening: ₹200 (one-time fee)

The total cost for opening an equity and commodity account along with a demat account is ₹1200. This fee is reasonable given the comprehensive services provided by Geojit.

b. Brokerage Charges

Geojit’s brokerage charges are structured as follows:

• Equity Delivery Trades: 0.30% of the trade value
• Equity Intraday Trades: ₹20 or 0.03% of the trade value, whichever is lower
• Equity Futures: ₹20 or 0.03% of the trade value, whichever is lower
• Equity Options: ₹30 per order
• Commodities: ₹20 or 0.03% of the trade value, whichever is lower
• Currency Futures: ₹20 or 0.03% of the trade value, whichever is lower
• Currency Options: ₹30 per order

Geojit’s brokerage fees are competitive and cater to both active and casual traders. Additionally, SEBI turnover charges and other regulatory fees are applicable as per the norms.

3. Customer Reviews: A Balanced Perspective

a. Positive Feedback

• Extensive Research and Advisory Services: Geojit’s research and advisory services are highly praised for their depth and accuracy. Clients value the expert recommendations and detailed market reports provided.
• User-Friendly Platforms: The Geojit Trader platform and mobile app are noted for their ease of use and efficient functionality, making trading accessible and convenient for users.
• Diverse Trading Options: Geojit’s ability to offer trading in multiple asset classes is appreciated by traders looking to diversify their portfolios.
• Transparent Fee Structure: The brokerage fees are seen as competitive and clear, helping traders to manage their costs effectively.
• Effective Customer Support: Geojit’s customer support team is recognized for its prompt and helpful responses, enhancing the overall trading experience.

b. Negative Feedback

• Higher Brokerage for Certain Trades: Some users have noted that the brokerage fees for specific trades, such as equity delivery trades, are higher compared to some discount brokers.
• Occasional Platform Glitches: There have been reports of occasional glitches or slow performance on the trading platforms during peak trading times.
• Limited Free Research Reports: While the research services are robust, some users feel that access to free research reports could be expanded.
• Complex Account Management: Managing multiple types of accounts (trading, demat) can be cumbersome for some users, requiring more streamlined integration.
• Higher Initial Account Opening Charges: The initial account opening charges are higher compared to some competitors, which might be a concern for new traders.

Conclusion

Geojit stands out as a reputable stockbroker in India, offering a range of features including comprehensive research services, user-friendly trading platforms, and diverse trading options. Its transparent brokerage fees and effective customer support contribute to a positive trading experience.

However, areas such as higher brokerage fees for certain trades, occasional platform issues, and higher initial account charges indicate potential areas for improvement. Despite these drawbacks, Geojit remains a strong choice for traders seeking a well-rounded and reliable trading platform.

Overall, Geojit’s commitment to providing quality services and its extensive market research make it a valuable player in the Indian financial market. For those looking for a balanced trading experience with robust support, Geojit is worth considering.