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The side-by-side comparison of Geojit and Indira Securities. Compare Geojit Vs Indira Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Geojit vs Indira Securities?
Geojit
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 onl... 
Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL.
The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers.
Indira Securities offers both traditional and discount brokerage plans. In the ...
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 |
| Supported Exchnages | BSE, NSE, MCX-SX | BSE, NSE, MCX and NCDEX |
| Account Type | Online Trading | Traditional Plan |
| Year of Incorporation | 1987 | 1987 |
| Number of Branches | 509 | 335 |
| Broker Enquiry |
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Geojit trading account opening charges is ₹425 while Indira Securities account opening changes is ₹0 (Free). Geojit Demat Account AMC Charges is ₹0 and Indira Securities Demat Account AMC Charges is ₹450 (Free for 1st year).
| Geojit | Indira Securities | |
|---|---|---|
| Trading Account Opening Charges | ₹425 | ₹0 (Free) |
| Trading Account AMC Charges | NIL | ₹0 (Free) |
| Demat Account Opening Charges | NIL | ₹0 (Free) |
| Demat Account AMC Charges | ₹0 | ₹450 (Free for 1st year) |
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 | ||
| Equity Delivery Brokerage | 0.30% | 0.10% |
| Equity Intraday Brokerage | 0.03% | 0.01% |
| Equity Futures Brokerage | 0.03% | 0.01% |
| Equity Options Brokerage | ₹125 per contract | ₹25 per lot (both side) |
| Currency Futures Trading Brokerage | 0.03% | 0.01% |
| Currency Options Trading Brokerage | ₹125 per contract | ₹25 per lot (both side) |
| Commodity Futures Trading Brokerage | NA | 0.01% |
| Commodity Options Trading Brokerage | NA | ₹25 per lot (both side) |
| Special Offer | Special Offer: FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer |
| Geojit | Indira Securities | |
|---|---|---|
| Account Type | Online Trading | Discount Brokerage Plan |
| Fixed Charges | NA | |
| Equity Delivery Brokerage | 0.30% | ₹20 per executed order |
| Equity Intraday Brokerage | 0.03% | ₹20 per executed order |
| Equity Futures Brokerage | 0.03% | ₹20 per executed order |
| Equity Options Brokerage | ₹125 per contract | ₹20 per executed order |
| Currency Futures Trading Brokerage | 0.03% | ₹20 per executed order |
| Currency Options Trading Brokerage | ₹125 per contract | ₹20 per executed order |
| Commodity Futures Trading Brokerage | NA | ₹20 per executed order |
| Commodity Options Trading Brokerage | NA | ₹20 per executed order |
| Minimum Brokerage Charges | 1p per share or ₹20/contract whichever is higher | ₹20 per executed order |
| Other Brokerage Charges | ||
| Call & Trade Charges | ₹0 (Free) |
Geojit transaction charges for options is ₹5500 per Cr (0.05%) while Indira Securities exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).
| Geojit | Indira Securities | |
|---|---|---|
| Equity Delivery | ₹325 per Cr (0.00325%) | NSE ₹325 per Cr (0.00325%) |
| Equity Intraday | ₹325 per Cr (0.00325%) | NSE ₹325 per Cr (0.00325%) |
| Equity Futures | ₹210 per Cr (0.0021%) | NSE ₹190 per Cr (0.0019%) |
| Equity Options | ₹5500 per Cr (0.05%) | NSE ₹5000 per Cr (0.05%) (on premium) |
| Currency Futures | ₹145 per Cr (0.00145%) | NSE ₹120 per Cr (0.0012%) |
| Currency Options | ₹4730 per Cr (0.0473%) on premium | NSE ₹500 per Cr (0.005%) (on premium) |
| Commodity | NA | Non-Agri: ₹260 per Cr (0.0026%) | Agri: ₹600 per Cr (0.006%) |
Geojit provides the margin of Upto 10x for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).
| Geojit | Indira Securities | |
|---|---|---|
| Equity Delivery | Upto 7x with 22% interest per year | 1x (no margin) |
| Equity Intraday | Upto 10x | Up to 10x (based on the stock) |
| Equity Futures | No additional leverage | Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | No additional leverage | 1x (no margin) |
| Currency Futures | No additional leverage | Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | No additional leverage | 1x (no margin) |
| Commodity Futures | NA | Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Options | 1x (no margin) |
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 Available | |
|
| 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 | |
Geojit is rated 3.8 of 5 based on 98 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.
| Geojit | Indira Securities | |
|---|---|---|
98 Customer Reviews  |
2 Customer Reviews |
|
| Fees |  |
 |
| Trading Brokerage |  |
 |
| Trading Platform Usability |  |
 |
| Customer Service |  |
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| Research Capabilities | |
|
| Overall Ratings | |
|
| Broker Rating | Geojit is rated 3.8 of 5 based on 98 customer reviews | Indira Securities is rated 4.5 of 5 based on 2 customer reviews |
| Geojit Enquire | Indira Securities Enquire | |
|---|---|---|
| Contact Broker |
| Geojit | Indira Securities | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| Initial Public Offers (IPO) | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | Insurance |
| Geojit | Indira Securities | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Geojit | Indira Securities | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Geojit | Indira Securities | |
|---|---|---|
| Casual Investor | ||
| Active Investor | |
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| Trader | |
| Geojit | Indira Securities | |
|---|---|---|
| Pros |
|
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| Cons | 1. Very high Options trading brokerage charges. Geojit charges ₹125 per contract for Intraday Options and ₹150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of ₹20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional ₹20 per Contract or 5 paisa per share whichever is higher. |
|
| Reviews | ||
| Promo / Offers | Free Equity Delivery TradingGet FREE equity delivery trading and pay flat ₹20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. To open an online paperless account, visit Indira Securities Website |
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