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Geojit foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.geojit.com/about-us/account-opening, about the company's legal and temporary regulatory information, the company's address 34/659-P, Civil Line Road, Padivattom, Kochi-682024, Kerala, India.

Geojit Forex Broker

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Geojit

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Company profile

Geojit Review Summary Founded1988 Registered Country/RegionIndia RegulationNo regulation Financial Products & ServicesEquity, Mutual Funds, Commodity, PMS, Financial Planning, IPO, Currency Futures, Insurance, etc. Trading PlatformSELFIE, FundsGenie, FLIP Customer SupportEmail, phoneGeojit Information Geojit is an unregulated Indian financial company that dates back to 1980s and has presence across India and in the Gulf Cooperation Council countries. They provide a wide array of products and services such as distribution of mutual funds & insurance, equity and derivatives, commodity, PMS and financial planning, etc.Pros and Cons ProsCons Wide range of financial products and servicesNo regulation Over 30 years' industry experienceNot suitable for beginners Multiple trading platformsBrokerage fees chargedIs Geojit Legit? The company operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.What Can I Trade on Geojit? Geojit Financial Services offers a wide range of investment products and services for traders to choose from. From equity trading to mutual funds and commodities, they provide a one-stop shop for your investment journey. Their services include: Equity Trading: Trade stocks listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) through their user-friendly trading platform, Selfie. Mutual Funds: Invest in professionally managed funds for diversification and potential growth. Commodity Trading: Buy and sell commodities like precious metals, base metals, and energy products. Portfolio Management Services (PMS): Get expert investment management for high net-worth individuals. Financial Planning Services: Receive personalized financial advice for your future goals. IPO Investment: Participate in Initial Public Offerings of new companies. Currency Futures Trading: Trade in currency futures to hedge against foreign exchange risks or speculate on currency movements. Insurance: Get life, health, and general insurance plans to protect yourself and your assets. Tradable InstrumentsSupported Forex✔ Commodities✔ Indices❌ Cryptocurrencies❌ Shares✔ ETFs❌ Bonds✔ Mutual Funds✔Geojit Fees Geojit offers charges brokerage rates for various investment products. The exact fees vary depending on the specific product, trading volume, and chosen brokerage plan. For example, for equity trading, below general fees will be charged. ProductBrokerage Rate Equity Delivery0.30% Equity Intraday0.03% Equity Futures0.01% Equity OptionsRs. 50/Lot If you want more details about fees for each product, visit their website, choose the product you'd like to learn about and go the page to check fees.Trading Platform Geojit provides two platforms for trading: Selfie: A comprehensive trading platform offering customizable layouts, real-time market data, advanced charting tools, and access to various market segments. Its app is downloadable from PC, GooglePlay and App Store. FundsGenie: A dedicated platform for mutual fund investments, providing easy fund selection, portfolio tracking, and transaction execution. The platform also has an app version on GooglePlay. FLIP: With FLIP, traders can access trading services including stocks, IPOs, bonds, futures, options, commodities and currencies. It allows for easy portfolio management and seamless trading and can be downloaded on both GooglePlay and App Store.Customer Support Options If you want any help or support from Geojit, you can reach them through phone, email, social platforms or visit them in person in their offices in India. Their working hours are from Mon-Fri 8.30 am-5.30 pm, Sat 10 am-1pm. If you want more contact details about each service and escalation matrix, you can visit https://www.geojit.com/contact. For address and contact information of each branch offices, you can visit https://branch.geojit.com/?page=83 and search with a locator in the page. Contact OptionsDetails Phone0484-2901000 Toll Free 1800-425-5501 / 1800-103-5501 Customer care (Paid): 04844114306 Research number: 9995810001 Emailcustomercare@geojit.com Support Ticket System❌ Online Chat❌ Social MediaWhatsApp: 9995500044; Telegram, Facebook, Twitter, LinkedIn, Instagram, YouTube Supported LanguageTraditional Chinese Website LanguageEnglish Physical Address34/659-P, Civil Line Road Padivattom, Kochi 682024, Kerala, IndiaThe Bottom Line Geojit Financial Services is an Indian financial services company with over 37 years of experience. The company offers a diverse range of trading products and financial management services primarily to Indian and Gulf Cooperation Council clients. While they provide multiple trading platforms, the absence of regulation is a red flag for traders regarding its credibility. Additionally, their advanced trading products and services are not suitable for novice investors who usually start with basic instruments. Brokerage fees can also be burdens for beginners.FAQs Is Geojit safe? No really, the broker currently operates without valid regulations. Is Geojit good for beginners? Hard to say, Geojit is more inclined for institutional or mature individual investors who have larger scales of capital and want more complicated financial plan services to manage their funds. What trading platform does Geojit have? Geojit offers three trading platforms for different products: SELFIE, FundsGenie and FLIP. Each with an app version downloadable from PC, iOS or Android devices.Risk Warning Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
How to login to Geojit?

Geojit Similar Brokers

Latest Reviews

Pros
Zero account opening charges and no annual maintenance fees for trading accounts.
Wide range of investment options including stocks, derivatives, commodities, and mutual funds.
Comprehensive customer support with multiple channels available, including a dedicated portal and 24/7 assistance.
Cons
Brokerage fees are relatively higher compared to some discount brokers in the market.
The Funds Genie mutual fund app is not available for iOS users.
Limited exposure options, primarily focusing on equity intraday trades for margin trading.

Basic Information

Registered Region
India
Operating Period
--
Company Name
Geojit Financial Services Ltd
Abbreviation
Geojit
Company employee
--
Customer Service Email Address
customercare@geojit.com
Contact Number
+9118004255501
Company Website
Company Address
34/659-P, Civil Line Road, Padivattom, Kochi-682024, Kerala, India
How to login to Geojit?
Geojit Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Geojit Account Registering for a Geojit account is the first step toward accessing a wide range of financial services, including online trading and investment options. Follow these detailed steps to successfully complete the registration process: Step 1: Accessing the Registration Page To start your Geojit registration, visit the official Geojit website. Look for the "Open Account" or "Register" button prominently displayed on the homepage. This will direct you to the registration page. Step 2: Filling in Required Information Once on the registration page, fill in the necessary details, including your name, mobile number, email address, and PAN (Permanent Account Number). Make sure all information is accurate to avoid delays. Step 3: Email/Phone Verification After submitting your details, you'll receive an OTP (One Time Password) on your registered mobile number. Enter this OTP on the website to verify your phone number. Similarly, you may receive a verification email; click on the link provided to confirm your email address. Step 4: Identity Verification (if required) If you're a first-time user or if your KYC (Know Your Customer) status is not registered, you may need to undergo identity verification. This typically involves uploading documents such as your Aadhaar card, PAN card, and address proof. Step 5: Registration Confirmation Upon successful completion of the above steps, you will receive a confirmation email from Geojit. This email will contain your user ID and details on how to proceed with account opening. Common Registration Issues and Solutions While registering, users may encounter issues such as OTP not being received or errors in filling out the form. Ensure your mobile number is entered correctly and check your network connection. If you continue to experience issues, contact Geojit customer support for assistance. Regional Differences in Registration Currently, Geojits online registration process is mainly available for resident individuals. Non-resident Indians (NRIs) may need to follow a different registration process, which typically requires additional documentation. Always check the specific requirements based on your residency status. Part Two: Geojit Account Opening Detailed Guide Understanding the Difference Between Registration and Account Opening Registration is the initial step where you provide your basic details to create a user profile. Account opening, on the other hand, involves submitting further documentation and selecting the type of account you wish to open. Preparation Work Before Account Opening Before you begin the account opening process, ensure you have the following documents ready: PAN card Aadhaar card or any other valid identity proof Address proof (e.g., utility bill, bank statement) Passport-sized photographs Bank account details for verification Detailed Account Opening Steps Step 1: Selecting Account Type Decide whether you wish to open a trading account, a demat account, or both (commonly referred to as a 2-in-1 account). This will depend on your investment needs. Step 2: Submitting Required Documents Fill out the client registration kit, which includes the KYC form. Attach the necessary documents listed above. You can submit these documents online or visit a local Geojit branch. Step 3: Account Review Process Once your documents are submitted, Geojit will review them for accuracy and completeness. This process usually takes 2-3 business days. You may receive calls for any clarifications needed. Step 4: Account Activation Upon successful verification, you will receive an email containing your account details, including your trading ID and password. Your account will be activated, allowing you to start trading. Step 5: Initial Setup Log in to your Geojit account using the credentials provided. You may be prompted to change your password for security reasons. Set up two-factor authentication for additional security. Frequently Asked Questions About Account Opening What is the cost of opening a Geojit account? Geojit does not charge any fees for opening a trading account or a demat account. How long does it take to open an account? The account opening process can take anywhere from 2-7 business days, depending on the verification of documents. What should I do if my application is rejected? If your application is rejected, Geojit will inform you of the reasons. You can correct the issues and resubmit your application. Next Steps After Opening an Account Once your account is active, familiarize yourself with the trading platform. Consider exploring Geojits educational resources to enhance your trading knowledge. Part Three: Geojit Login Process Explained Basic Web Login Process Step 1: Accessing the Login Page To log in to your Geojit account, visit the official Geojit website and click on the "Login" button located at the top right corner of the homepage. Step 2: Entering Credentials Input your user ID and password in the respective fields. Ensure that you enter the information accurately to avoid login issues. Step 3: Completing Two-Factor Authentication If you have enabled two-factor authentication, you will need to enter the OTP sent to your registered mobile number. Step 4: Logging In Click on the "Login" button to access your account. If successful, you will be directed to your trading dashboard. Step 5: Navigating the Dashboard Once logged in, you can access various features like market analysis, portfolio management, and trading options. Mobile App Login Process For mobile users, download the Geojit app from the Google Play Store or Apple App Store. Open the app, enter your credentials, and follow the same login process as described above. Other Login Methods Geojit primarily uses standard login methods. Currently, there are no third-party or SSO (Single Sign-On) options available for Geojit login. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password" feature on the login page to reset your password. Follow the prompts to receive a reset link via email. Account Lockout: If your account is locked due to multiple failed login attempts, contact Geojit customer support for assistance. Technical Issues: Ensure your internet connection is stable. Clear your browser cache or try logging in from a different browser or device if issues persist. Special Instructions for First-Time Login: Upon first login, you may be required to change your password for security reasons. Overview of Features After Login After logging in, users can access various features such as real-time market data, trading tools, research reports, and customer support. Familiarize yourself with these tools to maximize your trading experience. Additional Sections Account Security Recommendations Use a strong, unique password and change it regularly. Enable two-factor authentication for an added layer of security. Avoid using public Wi-Fi for accessing your trading account. Best Practices for Account Management Regularly monitor your portfolio and trading activity. Stay informed about market trends and updates. Use Geojits research tools to make informed investment decisions. How to Get Technical Support For any technical issues, reach out to Geojits customer support through their official website, email, or by visiting a local branch. They provide assistance for account-related queries and technical difficulties. This comprehensive guide aims to equip you with the essential information needed to navigate the Geojit platform effectively. By following the outlined steps for registration, account opening, and login, you can seamlessly start your trading journey with Geojit.

Geojit Broker - Complete Information Guide

1. Broker Overview

Geojit Financial Services Ltd., established in 1987, is a prominent full-service brokerage firm in India. Headquartered in Kochi, Kerala, Geojit operates as a publicly listed company on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The firm has built a strong presence in the Gulf Cooperation Council (GCC) countries, catering primarily to retail investors and high-net-worth individuals (HNWIs).

Over the years, Geojit has evolved significantly, marked by several key milestones. The firm was initially known as Geojit Securities Ltd. and later rebranded to Geojit Financial Services Ltd. in 2001, and finally to Geojit BNP Paribas Financial Services Ltd. in 2009, following a partnership with the global banking giant BNP Paribas. This partnership has further strengthened its capabilities in providing comprehensive financial services, including equity trading, derivatives, mutual funds, and insurance products.

Geojit operates on a retail brokerage model, offering a wide array of financial services that encompass not only stock trading but also portfolio management and financial planning. With a client base exceeding 2.3 million, Geojit has established itself as a trusted partner for investors looking to navigate the complexities of financial markets.

2. Regulatory and Compliance Information

Geojit operates under the stringent regulatory framework set forth by the Securities and Exchange Board of India (SEBI), ensuring that it adheres to the highest standards of compliance and investor protection. The company holds a valid registration with SEBI, and its registration number is INZ000007359. This registration is crucial as it provides a layer of trust and security for investors engaging with the Geojit broker.

Additionally, Geojit is a member of both the NSE and BSE, which further solidifies its credibility in the financial markets. The firm is also subject to various compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that it maintains transparency and integrity in its operations.

Geojit has implemented a robust customer funds segregation policy, safeguarding client investments by keeping them in separate accounts, thereby reducing the risk of loss. Furthermore, the firm participates in the Investor Compensation Fund, providing additional security for its clients.

3. Trading Products and Services

Geojit offers a comprehensive range of trading products and services to cater to diverse investment needs. The firm provides access to a variety of currency pairs, enabling clients to trade in foreign exchange markets. In addition to forex trading, Geojit also offers Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, and stocks.

The firm is particularly known for its extensive portfolio management services, which are tailored to meet the specific needs of both retail and institutional clients. Geojit also provides a unique offering known as "Smartfolios," which are curated baskets of stocks designed to align with specific investment strategies.

Geojit continuously updates its product offerings to adapt to market trends and client demands, ensuring that investors have access to the latest financial instruments.

4. Trading Platforms and Technology

Geojit provides its clients with advanced trading platforms designed to enhance the trading experience. The firm supports the widely-used MetaTrader 4 and 5 platforms, allowing traders to utilize sophisticated trading tools and strategies.

In addition to these platforms, Geojit has developed its proprietary trading platform known as "Selfie," which is available in web, mobile, and desktop versions. The Selfie platform offers a user-friendly interface, advanced charting capabilities, and real-time market data, making it an ideal choice for both novice and experienced traders.

For mobile trading, Geojit provides the "Funds Genie" app, which focuses on mutual fund investments and offers a seamless experience for clients looking to manage their portfolios on the go. The firm's technological infrastructure is robust, with servers located in secure data centers to ensure reliability and fast order execution.

5. Account Types and Trading Conditions

Geojit offers a variety of account types tailored to meet the diverse needs of its clients. The standard trading account allows clients to engage in equity, derivatives, and commodity trading with competitive brokerage rates.

For retail investors, the firm provides a basic account with no minimum deposit requirement and a flat brokerage fee structure. Geojit also offers advanced account types for professional traders, which may include features such as lower brokerage fees and enhanced trading limits.

Leverage options vary, with Geojit offering up to 5x leverage for intraday trading. The firm also provides a demo account for new clients to practice trading strategies without financial risk.

6. Fund Management

Geojit supports various funding methods to facilitate seamless transactions for its clients. The firm accepts deposits via bank transfers, credit cards, and electronic wallets, with a minimum deposit requirement that varies depending on the account type.

Deposits are processed quickly, ensuring that clients can access their funds for trading activities without delay. Geojit has a transparent fee structure for deposits and withdrawals, with most methods being free of charge. Withdrawal options include bank transfers, ensuring that clients can easily access their funds.

7. Customer Support and Educational Resources

Geojit is committed to providing excellent customer support through various channels, including phone, email, and social media platforms. The firm offers support in multiple languages, catering to its diverse client base.

In addition to customer support, Geojit provides a wealth of educational resources, including webinars, tutorials, and market analysis services. These resources are designed to empower clients with the knowledge and skills necessary to make informed investment decisions.

Geojit also offers trading tools, such as calculators and market calendars, to assist clients in their trading activities.

8. Regional Coverage and Restrictions

Geojit primarily serves clients in India and the GCC countries, with a network of over 500 branches across these regions. The firm has established partnerships in countries like the UAE, Oman, and Bahrain to facilitate services for non-resident Indians (NRIs).

However, Geojit does not accept clients from certain jurisdictions where regulatory restrictions apply. It is essential for potential clients to verify their eligibility based on their location before opening an account.

In conclusion, Geojit Financial Services Ltd. stands out as a reputable broker in the Indian financial services industry, offering a wide range of products, advanced trading platforms, and dedicated customer support. Its commitment to regulatory compliance and investor protection further enhances its credibility, making it a reliable choice for investors seeking comprehensive financial solutions.

Latest Reviews

江玲

江玲

South Africa

Geojit is a good broker that offers a wide range of investment products and services, and the trading platform is also very stable and reliable. I've been trading with their platform for a while now and their customer service is excellent, always able to solve my problems and help in a timely manner. They also provided a wealth of market analysis and research, allowing me to better understand market movements and make better trading decisions.

Positive

2023-03-27

Geojit Forex Broker has an overall rating of 1.58, Regulatory Index 0.00, License Index 0.00, Business Index 7.53, Software Index 4.00 Risk Control Index 0.00.