JM Financial Stock Trading, Demat, Brokerage and Reviews 2021

2.28% 50,114 Clients

JM Financial Services Ltd (JM Financial), a dedicated financial arm of JM Financial Group, was incorporated in 1999. It operates in the cash market, derivatives and currency futures segments. JM Financial is a member of cash and derivative segment of NSE and BSE. It is also a DP with CDSL and NSDL. It operates in Currency Futures & Optionss segment of NSE and MCX-SX. It offers basket of products such as demat services, corporate finance,

  • Distribution of Financial Products
  • and structured products among others. It caters to corporations, financial institutions, HNIs and retail investors.

    Market Segments

    1. Equity Cash
    2. Equity Futures & Options
    3. New Debt Segement

    Products & Services

    1. Trading in Equity Cash
    2. Trading in Equity Derivatives
    3. Trading in Currency Derivatives
    4. Distribution of Financial Products
    5. Demat Services
    6. Others

    SEBI Registration Number

    1. BSE: INB011054831
    2. NSE: INB231054835


    5th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra

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    JM Financial Pros and Cons

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    JM Financial Margin Exposure

    JM Financial margin for intraday trading is up to 6x based on the stock. JM Financial F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for JM Financial F&O carry forward positions and equity delivery trades.

    Equity Delivery1x (no margin)
    Equity IntradayUp to 6x (based on the stock)
    Equity Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
    Currency Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
    Commodity FuturesIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

    Note: As per the new margin policy by SEBI, the margin for trading will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 20x in any segment at BSE, NSE, and MCX. All full-service and discount brokers will provide the same margin exposure to customers.

    JM Financial Ratings

    Overall Rating
    Customer Service
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    Based on Votes by JM Financial Customers

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    JM Financial Complaint

    The number of JM Financial customer complaint received by the exchanges. The JM Financial consumer complaint report helps understanding the JM Financial Services Limited quality and relibility of service.

    Exchange Financial Year Number of Clients* Complaints** %
    NSE 2021-22 50,114 1 0%
    NSE 2020-21 48,998 16 0.03%
    NSE 2019-20 39,869 14 0.04%
    BSE 2019-20 13,184 3 0.02%
    NSE 2018-19 37,218 13 0.03%
    BSE 2018-19 12,724 1 0.01%
    NSE 2017-18 38,831 10 0.03%
    BSE 2017-18 21,331 4 0.02%
    NSE 2016-17 32,032 7 0.02%
    BSE 2016-17 16,202 2 0.01%

    * The number of active customers reported by the broker.

    ** The total number of complaints received against the broker at the given exchange.

    Visit JM Financial Complaints at BSE, NSE and MCX for detail report.


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