Geojit BNP Paribas often known as Geojit is one of the major stock broking firms in India. The trading house was incorporated in year 1987. In addition to the brokerage services, Geojit is also one of the fastest growing financial services company in India. With its strong experience of years in capital markets, the company offers a wide range of services in the field of savings and investments. The products and services offered by Geojit BNP Paribas includes equities, derivatives, mutual funds, life insurance, general insurance and even third party fixed deposits. Geojit BNP Paribas has a countrywide presence with a string network of more than 480 offices. For the smooth operations by its customers, the company has a phone service and a dedicated customer care centre along with the internet connectivity. The company majorly trades in BSE and NSE. Geojit BNP Paribas is a listed company in stock exchange and its shares are traded in BSE as well as in NSE.
Trading Platforms of Geojit BNP Paribas
Financial Investment Platform (FLIP) is offered by Geojit BNP Paribas as an Advanced Online Investment Platform. This platform offers multiple levels of conveniences and flexibilities to the customers of the company. There are 3 different online trading platforms offered by Geojit. The investor has the liberty to choose the platform as per his requirements. Following are the trading platforms of Geojit BNP Paribas:
FLIP Lite – This is a browser based application. The investors with low internet bandwidth connectivity can trade using this platform. FLIP Lite is a simple and easy to use application. This platform can even be used on mobile phones.
FLIP Gold – This is also a browser based version of the online trading platform. This version gives the user the freedom to access it from any corner of the World. There is no charge for all the online customers of Geojit BNP Paribas. It is a best fit for those investors who travel frequently and also trade frequently. The main highlights of the platform are live streaming quotes, top gainers, top losers, top most active script, intraday and advanced charting, real time research, placing of orders after market hours, online investments in mutual funds and initial public offers.
FLIP Platinum – It is a virtual dealer terminal. This platform is best suited for those investors who are active enough and believes in taking advantages of minor market price movements. If the brokerage criteria meets then the platform is free for the user otherwise they can choose the platform by refundable fee option. Approximately all features of the Gold platform are available in FLIP Platinum. The platform offers the professional or classic or customized market watches to the customers. Order execution in this platform is quick with an instant trade confirmation message sent to the trader. Technical indicators are also one of the key features of this platform. The platform allows the users to view cash, futures and options and currency quotes in just one market watch and thus saves the users time and energy in navigating between the windows.
Brokerage Charges and Plans of Geojit BNP Paribas
Geojit BNP Paribas does not charge any fee for account opening. However, the dematerialization charges of the company are the only courier charges which is Rs. 35 charged on per script basis. Custody charges are also nil and the rematerialization charges are Rs. 10 charged for every hundred securities or parts thereof or Rs. 10 per certificate, whichever is on the higher side. The rematerialisation charges also include courier charges of Rs. 35 per script.
As regards the brokerage charges, the charges for delivery based trading and intra-day trading in cash market are 0.3% and 0.03% respectively, whereas the brokerage charges for future trading is 0.03% and for options trading is Rs. 75 per lot. Brokerage charges for options exercise and expiry are Rs. 30 per lot, whereas the brokerage charges on futures expiry are at 0.030%.
Unique Selling Proposition of Geojit BNP Paribas
For the convenience of its customers, Geojit BNP Paribas accepts orders via phone. The customers can place their orders by calling the toll free number of customer care and can even order through the branches of the company. The customers of the company cab also place online orders during the post close sessions of BSE & NSE. The users can easily avail the facility of daily market calls, viewing of research reports, their demat holdings, can bring a change in their platform and so on and that too through a mere SMS. Geojit BNP Paribas has launched a view only terminal feature through which users can get real time market information on their GPRS enabled mobile phone directly from the company’s system. With this company, the customers can enjoy the wonderful service of call and trade.