Geojit 2025 Review: Everything You Need to Know
Geojit, a prominent player in the Indian brokerage landscape, has been operational since 1987 and is recognized for its full-service offerings. This review encapsulates the overall sentiment from various sources regarding Geojit, highlighting both its strengths and weaknesses. Notably, the broker offers competitive brokerage rates and a robust trading platform, but it also faces criticism for higher fees compared to discount brokers.
Note: It's important to consider that Geojit's operations span multiple regions, including India and the Gulf Cooperation Council (GCC) countries, which may impact service availability and regulatory compliance.
Ratings Overview
We assess brokers based on user feedback, expert opinions, and factual data from various sources.
Broker Overview
Founded in 1987 by C.J. George and A.P. Kurian, Geojit has established itself as a full-service brokerage firm with headquarters in Kochi, Kerala. The broker is a member of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), providing access to a variety of trading platforms, including their proprietary "Selfie" app and web-based platforms. Clients can trade in multiple asset classes such as equities, derivatives, commodities, and mutual funds. Geojit operates under the regulation of the Securities and Exchange Board of India (SEBI), ensuring compliance with industry standards.
Detailed Section
Regulated Regions
Geojit operates primarily in India and has a strong presence in the Gulf region, including countries like the UAE, Oman, and Bahrain. This broad geographical footprint allows the broker to cater to a diverse clientele, including Non-Resident Indians (NRIs).
Deposit/Withdrawal Currencies
Geojit supports Indian Rupees (INR) for deposits and withdrawals. While there is no mention of cryptocurrency support, the broker facilitates transactions through standard banking methods, including NEFT, RTGS, and UPI.
Minimum Deposit
Geojit does not impose a minimum deposit requirement for opening a trading account, making it accessible for new investors. However, a margin of ₹15,000 is required for margin trading.
Current promotional offers include free account opening and no annual maintenance charges (AMC) for trading accounts. However, the demat account does incur an AMC of ₹400 per year.
Tradable Asset Classes
Geojit offers a wide range of tradable assets, including:
- Equities: Access to stocks listed on NSE and BSE.
- Derivatives: Trading in equity futures and options.
- Commodities: Through the Multi Commodity Exchange (MCX).
- Mutual Funds: A dedicated platform for mutual fund investments.
Costs (Spreads, Fees, Commissions)
Geojit's brokerage charges are competitive but higher than discount brokers. The fees are structured as follows:
- Equity Delivery: 0.30% of the transaction value.
- Intraday Trading: ₹20 per trade or 0.03%, whichever is lower.
- Equity Futures: 0.01% of the transaction value.
- Options Trading: ₹20 per lot for equity options.
Leverage
Geojit offers leverage of up to 5x for intraday trading, which is relatively standard in the industry. However, for equity delivery, the leverage is 1x.
Geojit provides several trading platforms, including the "Selfie" app for mobile and web trading. The platforms are equipped with advanced features such as real-time data, customizable layouts, and various analytical tools.
Restricted Regions
While Geojit primarily operates in India and the GCC, specific restrictions may apply based on local regulations in different countries.
Available Customer Support Languages
Geojit offers customer support primarily in English and Hindi, catering to a diverse client base across India and the Gulf region.
Repeat Ratings Overview
Detailed Breakdown
Account Conditions
Geojit provides a seamless account opening process with no initial deposit requirement. However, the annual maintenance charge for the demat account can be a drawback for some users.
The trading platforms, particularly the "Selfie" app, receive praise for their user-friendly interface and advanced features. However, some users have noted that the research tools could be more comprehensive.
Customer Service and Support
Customer service is generally rated positively, but there are mixed reviews regarding response times and the effectiveness of support staff.
Trading Experience
Users report a satisfactory trading experience, with efficient execution and a variety of asset classes to choose from. However, the higher brokerage fees compared to discount brokers may deter some traders.
Trustworthiness
Geojit is regulated by SEBI, which adds a layer of trustworthiness. However, the absence of international regulatory oversight may raise concerns for some investors.
User Experience
Overall, the user experience is rated well, but there are areas for improvement, particularly in the speed of customer service and the availability of comprehensive research tools.
In conclusion, Geojit offers a solid brokerage service with a range of features suitable for both new and experienced traders. However, potential clients should weigh the higher fees against the benefits of the full-service offerings. As always, it's advisable to conduct thorough research and consider personal trading needs before opening an account.
