Geojit Vs Indira Securities (Compare Geojit and Indira Securities)

Geojit Vs Indira Securities

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

	Geojit	Indira Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX-SX	BSE, NSE, MCX and NCDEX
Year of Incorporation	1987	1987
Number of Branches	509	335
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Geojit Vs Indira Securities Charges & AMC

Geojit trading account opening charges is Rs 425 while Indira Securities account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 700 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

	Geojit	Indira Securities
Trading Account Opening Charges	Rs 425	Rs 0 (Free)
Trading Account AMC Charges	NIL	Rs 0 (Free)
Demat Account Opening Charges	NIL	Rs 0 (Free)
Demat Account AMC Charges	Rs 700	Rs 450 (Free for 1st year)

Geojit Vs Indira Securities Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

	Geojit	Indira Securities
Account Type	Online Trading	Traditional Plan
Fixed Charges		NA
Equity Delivery	0.30%	0.10%
Equity Intraday	0.03%	0.01%
Equity Futures	0.03%	0.01%
Equity Options	Rs 125 per contract	Rs 25 per lot (both side)
Currency Futures	0.03%	0.01%
Currency Options	Rs 125 per contract	Rs 25 per lot (both side)
Commodity Futures	NA	0.01%
Commodity Options	NA	Rs 25 per lot (both side)
Special Offer		Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Geojit Vs Indira Securities Brokerage Plan 2

	Geojit	Indira Securities
Account Type	Online Trading	Discount Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.30%	Rs 20 per executed order
Equity Intraday	0.03%	Rs 20 per executed order
Equity Futures	0.03%	Rs 20 per executed order
Equity Options	Rs 125 per contract	Rs 20 per executed order
Currency Futures	0.03%	Rs 20 per executed order
Currency Options	Rs 125 per contract	Rs 20 per executed order
Commodity Futures	NA	Rs 20 per executed order
Commodity Options	NA	Rs 20 per executed order
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Geojit Charges Vs Indira Securities

Minimum Brokerage	1p per share or Rs 20/contract whichever is higher	Rs 20 per executed order
Other Charges
Call & Trade Charges		Rs 0 (Free)

Geojit Vs Indira Securities Transaction Charges

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	Geojit	Indira Securities
Equity Delivery	Rs 325 per Cr (0.00325%)	NSE Rs 325 per Cr (0.00325%)
Equity Intraday	Rs 325 per Cr (0.00325%)	NSE Rs 325 per Cr (0.00325%)
Equity Futures	Rs 210 per Cr (0.0021%)	NSE Rs 190 per Cr (0.0019%)
Equity Options	Rs 5500 per Cr (0.05%)	NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	Rs 145 per Cr (0.00145%)	NSE Rs 120 per Cr (0.0012%)
Currency Options	Rs 4730 per Cr (0.0473%) on premium	NSE Rs 500 per Cr (0.005%) (on premium)
Commodity	NA	Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Geojit Vs Indira Securities Leverage (Margin)

Geojit margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Indira Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Geojit	Indira Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Geojit and Indira Securities Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Indira Securities offers ODIN trading software.

	Geojit	Indira Securities
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Selfie Platinum, Selfie Gold, Mobile App	ODIN
Intraday Square-off Time		3:15 PM
Other Features
Referral Program
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Geojit Vs Indira Securities Review

Geojit is rated 3.7 of 5 based on 102 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

	Geojit	Indira Securities
	102 Customer Reviews	3 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Geojit is rated 3.7 of 5 based on 102 customer reviews	Indira Securities is rated 4.0 of 5 based on 3 customer reviews

Geojit Vs Indira Securities Investment Options

	Geojit	Indira Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Geojit Vs Indira Securities Order Type Offered

	Geojit	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Geojit Vs Indira Securities Research Report

	Geojit	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Geojit Vs Indira Securities Suitable For Investor Type

	Geojit	Indira Securities
Casual Investor
Active Investor
Trader

Geojit Vs Indira Securities - Pros and Cons

	Geojit	Indira Securities
Pros		Full-service broker offering discount brokerage plan. Relationship manager even for online customers. Offers ODIN as trading platform. Investment in mutual fund for free. Pan India presence with hundreds of branches, and business partners. No charges for Call & Trade and Auto Square-off.
Cons	1. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.	Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.
Reviews
Promo / Offers		Free Equity Delivery Trading Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.
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