Is
Geojit is the best? brokerage-wise may be.
I should say, I am a "SAD" geojit customer. The following is from an email conversation with their customer care(There is only one point of contact ie; tradeonline@geojit.com [god like!], i didnt get a reply from them even after 10 days. Then i used their feedback system on the website, got response next day ;-) ). Hope this will be helpful to someone. Anyway, I started searching for other online brokers.
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Trading Schemes:-
Which Plan/Scheme i am using? Silver/Gold/Platinum? Any EXE based plan available? - You are under "Gold" Platform . The Platinum Platform is a EXE based Plan
What are the features/draw backs of these plans? -
A. Brokerage charges for the three categories of Trading Platforms :
Platform type Trader description
Platinum High end traders.
Brokerage charge :-
The system would act as a virtual trading machine providing live and fast updates and confirmations.
A minimum monthly brokerage charge of Rs.3000. Client would need only to pay any additional amount above this when the actual monthly charges are informed to him.
Gold Traders who get live quotes.i.e. streaming
Rs.500 per month applicable after one month’s free trial. Client would need only to pay any additional amount above this when the actual monthly charges are informed to him.
Silver Traders who refresh the page to see current quotes.
No monthly charges.
Is there a minimum brokerage required for each plan?
And when it will be deducted from my account ( monthly/quarterly/yearly basis ) ? On Quarterly based , we deduct the amount .
How can I switch between plans? - If you are want to switch to Platinum , you will have to put the request to tradeonline@geojit.com whereas if you are under Platinum , you will able to switch to both Gold and Silver.
In which plan, streaming quotes are available for the Ask/Bid screen? - In Platinum Platform
Can i do margin trading? What is the limit? - You will able to place under Margin . The exposure depends upon the scrips . You will able to view the exposure details from the Customer Care Site "Scrips available for Intraday Trades.
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Online Fund Transfer available thru UTI, HDFC & Federal Bank.
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RMOL In Offline Mode:-
How can I know my "Buying Power"? - In the Online Trading Site under the option "Position"
How can I know my "Position" (stocks that owned by me), so that i can place sell orders? - An option available in the Online Trading Site "Position"
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There is no "Position" option in OFFLINE mode only in ONLINE mode !!!
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RMOL Trading:-
StopLoss Order, if not executed, will it expire after the first day? - Stoploss order will get expire after the first day
Where can i specify the expiry date? OR everyday I have to place the stoploss order !? - You will have to place order everyday.
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NO expiry date. You have to place your StopLoss order everyday. Trailing StopLoss, hehe, what is that? ;-)
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Where can i view all the executed trades of a stock? Streaming available? - You will able to place view the executed trades of a stock from the Trade Summary option available in the Online Trading SiteFor eg: Reliance or infosys, I do not own those shares, but i would like to see all the trades (price & volume of each) on reliance, which is used for the intraday graph, can i see the data behind those intraday charts? - You will have to Add the particular scrip in the Market Watch and click on "G" so as to view the Intraday Graph for the particular scrip
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NO OPTION to view intrayday data, only intraday graph, and only one graph at a time, at least in the gold account
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Other Services:-
What is my emailid for geojit email at mail.geojit.com? - For creating a Geojit Mail Id , you will have to furnish a request letter to your Marketing Executive . The Password would be send to you by post .
Do i need to register separately? - Yes
Can i logon to gcc.geojit.net directly? When i tried with my RMOL username (ITS***), it gave me error page. Or always i have to logon to RMOL, then the "CustomerCare" button? Customer Care Site (GCC) and the Online Trading Site can be accessed with two different set of password . We would send you the password for the GCC in your registered E Mail Id
Where can i view my demat Account? How frequently it is updated ( T+2 ) ? - It is updated on T+2 basis only . At times , the same will get delayed due to Payout Shortage
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Can I download the intraday & EOD data from geojit, is it available? - You will able to subscribe the closing rates of the scrips by register the same from the home page "Subcribe your closing rates" which has to be renewed in a 3 months
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NO data service. only email subscription to specific scrips.
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Taxes/Other Charges:-
What is the percentage of various regulatory tax/charges? -
Service Tax ---- 12% of brokerage
Educational Cess ---- 2% of service Tax
Securities Transcation Tax
Cash Delivery: .125% of volume
Cash Speculation: .025% for selling only
F&O: .017% for selling only
Exchange Levy ( Turnover Levy)
Nse .0035% of volume
F&O .0021% of volume
BSE .004% of volume
Stamp duty
Cash Delivery .01%
Cash Speculation .002%
F&O .002%
Is there any difference in rates for intraday and delivery trades? - 0.3% for Delivery and .03% for Speculation .
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Good brokerage rates.
21st June 2006, 12:07 PM
Is Geojit is the best !??? Some facts
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