Geojit Stock Trading, Demat, Brokerage and Reviews
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf.
Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance.
Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art online trading portal.
Geojit BNP Paribas is a stock market listed company and its stock are traded at NSE (GEOJIT) and BSE (532285).
Over the years the name of the company got changed from Geojit Securities Ltd. to Geojit Financial Services Ltd. (GFSL) and finally to Geojit BNP Paribas Financial Services LTD in April 2009.
Trade In: BSE and NSE
Geojit Rated 3.94 / 5 based on 52 customer reviews
Overall Rating
Fees
Brokerage
Usability
Customer Service
Geojit's Trading Platforms
Geojit BNP Paribas offers an Advanced Online Investment Platform called 'FLIP' (Financial Investment Platform) that comes with multiple conveniences and flexibilities.
Geojit BNP Paribas offers 3 different online trading platforms to its customers. Investor can select from any of the three trading platforms that Geojit BNP Paribas offers as per investor’s requirement.
FLIP Lite
FLIP Lite is a browser based version and will help to trade even if someone have a low bandwidth connection. It’s Light and easy to use. FLIP Lite is designed to work on mobile devices.
FLIP Gold
FLIP Gold Platform is a browser based version that can be accessed from around the world. This Platform is offered absolutely FREE to all online customers. FLIP Gold Platform is ideal for those who travel often and hence cannot access their own computer for trading.
Key Features of Gold Platform:
Live streaming quotes
Real-time configurable Market Watch with auto save functionality
Live top gainers, top losers and most active script
Tick by Tick Intraday Charting and advanced charting with 60 technical studies
Live exchange-broadcasting messages
Optimized to work on low bandwidth
Works behind proxy & firewall
Real-time Research & Trade Execution notification via pop-up
Platinum user can login to Gold & Lite platforms with the same login id
Instant trade confirmation & Online fund transfer facility
After market hours, orders can also be placed in both the Exchanges
Online investment of Mutual Funds and IPO’s
FLIP Platinum
Platinum platform is a virtual dealer terminal. It is best suited for active traders, who take advantage of minor movements in the price. This EXE program can be downloaded on the client’s computer. This platform is FREE if brokerage criteria is met else clients can opt for the refundable fee option.
Key Features of Platinum Platform:
All the features of Gold are available in Platinum
Professional, Classic, Customized Market Watches
Fast trade execution with instant trade confirmation through pop-up
View Cash, F&O and Currency quote in a single market watch screen
Real-time updation of Index & Tick by Tick updation of index chart
Intraday & EOD
Sophisticated studies such as Technical indicators can be performed by using appropriate parameters
Geojit Brokerage Charges 2013
Account opening fees: Nil
Dematerialisation charges: Nil + courier charges @ Rs.35 Per script
Rematerialisation charges: Rs.10 for every hundred securities or part thereof ;} or Rs.10 per certificate, whichever is higher} + courier charges Rs.35 per script
Custody Charges: Nil
Brokerage:
Cash Market
Delivery-based Trading: 0.3 %
Intra-day Trading: 0.03 %
Futures & Options
Futures: 0.03 %
Options: Rs.75/- per lot
Brokerage on Options Exercise and Expiry will Be Rs.30/- per lot
For opening a two-in-one account: i.e. Trading and Demat, Individual Investors require following documents:
Photograph - Two recent passport size
Proof of Bank Account (Copy of Bank Statement / Copy of first page of the Bank Pass Book / A cancelled cheque)
Proof of Address (Passport, Driver's License, Ration Card, Voter's Identity card, Telephone bill, and Electricity bill, Bank Passbook / Bank Statement or Rent Agreement)
Proof of Identity (PAN Card)
Geojit Advantages
Geojit BNP Paribas has introduced a view only "terminal" that delivers real-time market information from the Company’s system to the GPRS enabled mobile phones of Company’s clients. FLIP-ME* (Financial Internet Platform-Mobile Edition) delivers key information and a host of other features empowering the client on the move to take trading decisions, and avail the call and trade facility to execute orders.
Investors can place orders via phone by calling customer care (Toll free) or through respective branch.
Company has list of preferred backs including HDFC Bank, ICICI Bank, Citibank & Federal Bank, Punjab National Bank, Union Bank of India, Bank of India and IDBI Bank.
Facility to place online orders in Post-close session of NSE and BSE.
Daily market calls, Research Reports, Demat Holdings, change of Platform, etc are available though SMS.
Geojit Disadvantages
Company doesn’t offer 3 in 1 trading account like other popular brokers. Investor has to use banking services from other banks.
174. Narasimha Raju Mar 20, 2013 12:52:49 AM IST | Reply
Brokerage best in the market Good webiste usability, good customer service Acct maintenance cost is less. Overall Experiance, no other brokering site and services matches to Geojit.
I want to know whether there are any charges for Platinum user or any brokerage criteria to be met ? Gold is free ryt ?
172. S Ramachandran Jan 18, 2013 10:05:39 PM IST | Reply
I am using Flip platinum My no is UGR 048. In the morning and at the time of placing main orders Geojit BNp is not allowing me to login in mobile trading even though the password check allowed. This is happening only at the time os FLIP secure authourisation only.So I planned to stop trade in GeojitC75ES
geojith is not listed among "AMO" after market order tab in the grid comparison view. "the after hours order placement" is listed as a feature in the geojith page.
Geojit''s Flip platform is undoubtedly a good one. But they can can still make it still better by improving. Currently it produces intraday which is not linked now), it could be of great help for all traders, as one can technical parameters and earn good sums from trades.
However, Geojit will not go for such enhancements, as they are least bothered of customers earnings. They just bothered for their brokerage. When it comes to brokerage charges, it might appear to be reasonable but in reality it is not.
I consider these brokerage rates are no less than day light robbery. Yes it is nothing but looting their own customers.
Hi Traders & investors Geojit is very good flatform for trading & software flip is easy friendly & Flexible brokerage compare to others very good support From Branch Manager Happyyyyy Trading.....
Dear Investors, Be carefull before open9ing trading & demat account with Geojit. Their customer care is a very hopeless department. They will not understand your problem at all. but willl go on wrinting you you as reply for ypur question withought knowing the question. They will also not give you credit of the shares you purchase in time. you will have to be after them evry time. They will also send the remittance to any bank without knowing what is your default branch for the statory pay out. For last three qurter end i have faced this problem. when i wrote to them neither customercare nor grievacex committe is replying to my emails on the matter refered. You will be tossed from one deprtment to other for a indefiite period. But you will never get your problems solved. Be carefull while opting for GEOJIT as your stock broker. I have lost faith on them & now I am taking up the matter with SEBI & NSDL. THis is for your kind attention.
Iam an client of geojit since 2009 .THERE ARE ALOT OF TRADES UN AUTHORISED have been done by Mr. Peyus earlier in Qu now in some kerala branch near cochin both in EQUITY AND F&O .I HAVE LOST 57000.00 RUPEES . I HAD COMPLAINED TO M.D. DURING HIS VISIT TO TUMKUR AND ALSO HAD SENT E MAILS .THEESE PEOPLE ARE VERY ARROGENT AND DOES NOT TAKE ACTION ONE SHOULD BE VERY CARE FULL R.S.K
165. Selvamani K. May 11, 2012 10:04:46 AM IST | Reply
The brokerages and other charges are very very high.Their suggestions for intraday trading and delivery based investment are very poor. The printout they give as account statement is confusing and not at all clear. They have to improve a lot in customer service.
All my family demat, trading accounts were with them for more than 10 years. However, for last two years their services especialy customercare are very bad. I get irritated with their irrelevent querries & SO CALLED ADVISES. therefore, i have decided to sever the long kept relation with them. GOD SAVE THE CLIENTS OF geojit.
Ratings:
Brokerage - Average Account Maintenance Fees - Below Average Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
Their brokerages are kinning!!no Flexibility!!Remember that these are 3 rd parties who gain money through customer tradings and yet they monopolize.There are very many other platforms and competitive.
Flip Gold had severe SQL errors and i was tired sending them the attachments.They were complaining about my internet connection(512kbps broadband) and i encountered no issues with other platform run at the same time.
I will be closing their account with immediate effect.CHEATERS!!!!!!!!!!!
Geojit has two platform options available for trading. I use the lite platform which is very hassle free and light. It takes very less time to put a order.
Also the customer care site is very transparent when it comes to giving details about daily transaction.
To top all, the brokerage is very competitive. I changed from a very renowed broker to Geojit and I am happy about my switch.
Ratings:
Brokerage - Excellent Account Maintenance Fees - Average Website Usability - Excellent Customer Service - Excellent Overall Experience - Excellent
161. Geojit bnp paribas Dec 01, 2011 9:32:29 AM IST | Reply
Did You Konw - 29 :- Shares sold in pending settlement. Shares sold in pending settlement. Flip provides clients with the facility of selling the shares before T+2; but risk has to be borne by the client if there is a shortage in payout. Geojit Bnpp provides settlement guarantee for around 300 scrips where in the clients can sell shares before T+2, list of scrips are available in gcc and geojit.net sites.
160. Geojit bnp paribas Nov 30, 2011 9:38:49 AM IST | Reply
Did You Konw - 28 :- Portfolio screen of Flip terminals gives a complete view of shares a client hold. It consists of. Shares which are in pending settlement. Shares in pool. Shares in client's Normal DP. Shares in Margin Funding DP. FAO/Currency open positions. MFSS units.
Unique feature of this system is that a client will get the live updated portfolio value at any point of time.
159. Geojit bnp paribas Nov 29, 2011 9:49:46 AM IST | Reply
Did You Konw - 27 :- Passwords for customers. Passwords for customers.
Forgot password link in Customer care/Trading sites can be used by a client who have lost or forgotten his password. In normal circumstances, It takes around 15-20 Minutes to get a new password in the Registered email id of the client. New password is sent in a PDF file with password protected. Password for opening the PDF file is a combination of TIN+1st 4 characters of PAN. If TIN is not known to the client he can give the Forgot Tin link provided in the Customer care/Trading sites. Forgot password can be given only by those clients who have an registered email id.
We have one password concept which can be used across all logins ie; Customer care site/Gold/Lite/Platinum/Flip Me.
158. Geojit bnp paribas Nov 28, 2011 10:16:49 AM IST | Reply
Did You Konw - 26 :- Average Rate in Portfolio of Flip Terminals. Average Rate in Portfolio of Flip Terminals. Average Rate is taken from P/L statement of Geojit Customer Care(GCC)/Geojit.net. FIFO method is followed for arriving at the average rate. If there is a mismatch in the buy/sell quantity, average rate won’t show in gcc/geojit.net. If average rate is not shown then client will have to correct his GCC page by placing relevant entries. Entries to be made for IPO (only for past IPO’S), Right issues, off market shares. Facility to input the correct quantity/price is provided in Customer care site. GCC P/L will automatically update the changes due to Bonus, Stock Split & forth coming IPO’S.
157. Geojit bnp paribas Nov 26, 2011 10:28:16 AM IST | Reply
Did You Konw - 25 :- After Market Orders (Offline orders). After Market Orders (Offline orders). Online clients can place after market orders from all platforms (Platinum, Gold, Lite, Flip Me). Available across all products (Cash, BTST, Intraday, MTF, FAO, currency, MFSS). Timing : 4.15PM to 8.45 AM & for CDS it is 5.15 PM to 8.45 AM. Clients can place “After market orders” for Pre open Phase also. Market orders are given preference while transferring shares to exchange. Details of After Market orders placed can be viewed through “Offline order report” both for clients and branches through Flip terminals.
156. Geojit bnp paribas Nov 25, 2011 10:45:02 AM IST | Reply
Did You Konw - 24 :- Margin Funding (MTF) through Flip. Margin Funding (MTF) through Flip. Client needs to mark the trade as MTF while placing orders . If MTF ledger is funded with additional 50% apart from the mandatory requirement of 50%, then no interest is charged on the MTF holdings. Clients can transfer extra funds from normal ledger to MTF ledger using the link MTF Fund transfer request provided in Customer care site. Buying power = Normal ledger+ MTF ledger. Under Portfolio of flip terminals the shares lying in MTF DP will be shown separately. Customer care site also gives information like Eligible scrips in MTF, ledger statement, holding statement of MTF etc
155. Geojit bnp paribas Nov 25, 2011 10:40:13 AM IST | Reply
Hi Intra Day Trader ,
Wel come to Geojit. 20/- Brokerage means minimum 20/- brokerage for intraday for an online client. For example if you bought some shares of Rs. 30000/- and sold them at 35000/- it means you have done a volume of 65000/- so brokerage will be 19.50/- as intraday day brokerage is 0.03% or Minimum 20/- or 1 paisa per share whichever is higher. so in this case you will be charge 20/-. We provide upto 10 time exosure for intraday, for example you will have to give only 10% if you want to buy 100 reliance for intraday. We have a experianced technical team who gives calls during market hours in your trading terminal. You can trade with us in three diffrenet ways. 1. Flip Platinium Software. 2. Flip Gold platforme 3. Flip-Me Mobile Software or through any branch in the country, or through customer care toll free no. Flip-Me is our mobile based award winning software. Regarding AMOs, it is not true that AMO orders placed after 10.30am, after market get open orders sends to exchange at the same time but it depends when your order come because the procedure is FIFO.
Sharekhan
