Geojit Vs RMoney (Compare Geojit and RMoney)

Geojit Vs RMoney

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 , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

	Geojit	RMoney
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE, MCX-SX	BSE, NSE, MCX, NCDEX
Account Type	Online Trading	Zero Brokerage Plans
Year of Incorporation	1987
Number of Branches	509
Broker Enquiry
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Geojit Vs RMoney Charges & AMC

Geojit trading account opening charges is ₹425 while RMoney account opening changes is ₹199. Geojit Demat Account AMC Charges is ₹0 and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

	Geojit	RMoney
Trading Account Opening Charges	₹425	₹199
Trading Account AMC Charges	NIL	₹0 (Free)
Demat Account Opening Charges	NIL	₹0 (Free)
Demat Account AMC Charges	₹0	₹0 for lifetime (Free)

Geojit Vs RMoney Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

	Geojit	RMoney
Account Type	Online Trading	Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage	0.30%	₹0 (Free)
Equity Intraday Brokerage	0.03%	₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage	0.03%	₹18 per executed order or .01% whichever is lower
Equity Options Brokerage	₹125 per contract	₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage	0.03%	₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage	₹125 per contract	₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage	NA	₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage	NA
Special Offer		Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

Geojit Vs RMoney Brokerage Plan 2

	Geojit	RMoney
Account Type	Online Trading	Happy Service Plan
Fixed Charges		NA
Equity Delivery Brokerage	0.30%	0.10% to 0.40%
Equity Intraday Brokerage	0.03%	0.01% to 0.04%
Equity Futures Brokerage	0.03%	0.005% to 0.02%
Equity Options Brokerage	₹125 per contract	₹20 to ₹80 per lot
Currency Futures Trading Brokerage	0.03%	0.005% to 0.02%
Currency Options Trading Brokerage	₹125 per contract	0.005% to 0.02%
Commodity Futures Trading Brokerage	NA	0.005% to 0.02%
Commodity Options Trading Brokerage	NA
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Geojit Charges Vs RMoney

Minimum Brokerage Charges	1p per share or ₹20/contract whichever is higher	₹0
Other Brokerage Charges		Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges		₹0 (Unlimited Calls)

Geojit Vs RMoney Transaction Charges

Geojit transaction charges for options is ₹5500 per Cr (0.05%) while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

	Geojit	RMoney
Equity Delivery	₹325 per Cr (0.00325%)	NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday	₹325 per Cr (0.00325%)	NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures	₹210 per Cr (0.0021%)	NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options	₹5500 per Cr (0.05%)	NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures	₹145 per Cr (0.00145%)	NSE, BSE - ₹150 per crore (0.0015%)
Currency Options	₹4730 per Cr (0.0473%) on premium	NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity	NA	MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Geojit Vs RMoney Leverage (Margin)

Geojit provides the margin of Upto 10x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

	Geojit	RMoney
Equity Delivery	Upto 7x with 22% interest per year	Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday	Upto 10x	20x (5%) (Intraday Only)
Equity Futures	No additional leverage	Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options	No additional leverage	Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures	No additional leverage	Intraday - 100X (1%)
Currency Options	No additional leverage	Intraday - 100X (1%)
Commodity Futures	NA	Intraday - 77X (1.3%)
Commodity Options
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Compare Geojit and RMoney Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

	Geojit	RMoney
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	RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time		Equity 3:15 PM
Other Features
Referral Program
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Geojit Vs RMoney Review

Geojit is rated 3.8 of 5 based on 98 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

	Geojit	RMoney
	98 Customer Reviews	3 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Geojit is rated 3.8 of 5 based on 98 customer reviews	RMoney is rated 4.0 of 5 based on 3 customer reviews

Geojit Vs RMoney Investment Options

	Geojit	RMoney
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance	Corporate FD, Life Instance, General Insurance

Geojit Vs RMoney Order Type Offered

	Geojit	RMoney
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 RMoney Research Report

	Geojit	RMoney
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Geojit Vs RMoney Suitable For Investor Type

	Geojit	RMoney
Casual Investor
Active Investor
Trader

Geojit Vs RMoney - Pros and Cons

	Geojit	RMoney
Pros		Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. Online paperless instant account opening.
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.	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app. Margin funding is not available. GTC/GTD not available in Equity. NRI Account is not available.
Reviews		Useful Articles: Flat Fee Stock Trading Broker in India
Promo / Offers		Lifetime FREE AMC Demat Account + Free Call & Trade Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.
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