Just Trade Review
Just Trade Securities is the Online Full-Service Stock Broker from the house of Bajaj Capital. The firm holds a long experience of 46 years in offering Financial Planning and Investment Advisory. The company started offering its services on 3rd January 2008.
The headquarter base of the company was situated in the City New Delhi, India.
The chairperson of the Just Trade is Mr. K. K. Bajaj, whereas Mr. Rajeev Deep Bajaj is the Managing Director and chairman and lastly Mr. Sanjeev Bajaj is the Vice Chairman and Managing Director of the financial firm.
The main aim of the Just Trade Review is to offer effective wealth creation for its working professionals, business owners, experienced investors, and beginners.
Creating wealth has no limits just all we need to plan and execute in the best way possible.
The broker is equipped with Hi-Tech and highly stable online connectivity via V-SAT and Lease Lines to offer lightning-fast trading speeds to its clients.
The best part of the broker is that it offers customized services to its clients. It analyzes the needs and preferences of each individual and offers the best-suited brokerage plan.
The range of plans starts with variable brokerage and ends with fixed fee-based brokerage plans to offers better trading experience and profitability.
Being a renowned stockbroker of the country, the broker holds depository source partnerships with CDSL and NSDL.
Just Trade offers multiple trading segments and always provides the best-focused services to its clients.
Here are some of the services the broker offers mentioned below:
- Equity Trading
- Mutual Fund Trading
- IPO investment.
- Advisory Services
- Financial Planning
- Commodities
- Currency Trading
Just Trade Trading Platforms
Trading is not at all possible with just the brand value of the stockbroker. Likewise, Just Trade securities come from the well-renowned brand of BAJAJ CAPITAL still lacks in offering a variety of trading platforms. In this era of technology, we can’t keep ourselves limited with one or two trading platforms.
Just Trade offers an HTML based Web trading platform and an application-based trading platform but misses in providing a mobile-based trading application.
Here we have mentioned all the trading platforms offered by Just Trade to its users:
I. Just Trade WEB Based Trading Platform – Just Trade.in
Just Trade offers this trading platform by which the user can effectively invest in the securities of their interest. The platform is an HTML Based trading platform that helps in trading almost every segment without any hassles.
The portal offers every trading detail without compromising the user’s security and its genuineness.
Some of the features the trading platform offers to its users include Equity trading, IPO investments, Mutual funds, and derivatives.
The main positive point of using the trading platform is that it comes with one sign-in feature which helps in handling all the things in a single go.
Using the JustTrade.in the web-based trading platform an individual will experience an interactive and influential trading environment.
It includes all the details about market analytics, segments, brokerage charges, future predictions, suggestions and many more.
II. Just Trade Application Based Trading Platform – Just Active
Just Active is the application based trading platform offered by Just Trade. The terminal-based trading platform offers mainly two ways to trade either use a pull trade technology.
By using this technology the user can decide in which stock has to be purchased at a specific time. The user can manage the time quotes and place the orders at that specific time.
The other use of the technology is that the investor can use the browser-based streaming engine mostly lookalike a dealer based terminal. It is specially designed for high-speed transactions for most active users and investors.
The application-based platform is fully embedded with bank accounts and multiple depository participants via which the investors can deal with Mutual funds, IPOs and derivatives, and other related trades.
Just Trade Research Reports And Services
Just Trade Securities is one of the best financial firms from the house of BAJAJ Capital. It excels in deep research services with a variety of analytic reports on stocks and trades to its users.
Here are some research and financial advisory services the broker offers:
- The firm offers the best in class fundamental and research reports for deep analysis of the stocks depending upon the market position.
- The advisory team offers great stock tips to its users.
- The broker will also generate IPO investment reports and sort daily top picks to provide smooth trading experience to its clients.
- The best feature the broker offers by providing a personalized relationship manager to each and every individual trader. They give special attention to resolving trade-related queries and offer fast resolutions after taking detailed information regarding the issues faced while trading.
Just Trade Customer Care, Support and Office Addresses.
| Registered Office Address | Bajaj House5th Floor,97 Nehru Place,New Delhi – 110019 |
| Toll-Free Customer care no. | 1800-110-900/1800-3000-9000 Monday to Saturday 9 AM to 9 PM IST] Get Direct Access to Customer Support Centers Across multiple Indian Cities. |
| Email ID | [email protected] [email protected] |
| Complaints Or Grievances | [email protected] |
Just Trade Pricing And Charge
I. Just Trade Account Opening Charges
Trading needs a DEMAT and a Trading Account to perform the trade. Every broker charges a certain amount in order to avail you with the trading facilities. Here in this table, we had mentioned all the account opening charges by Just Trade to its clients:
| Segment | Opening Charges |
| One time Account Opening Charges | Rs. 710 |
| Annual Maintenance Cost for Trading Account | Rs. 599 |
| Annual Maintenance Cost for DEMAT Account | Rs. 280 per annum |
| Minimum Margin Money | Rs. 10,000 |
| Depository Source | CDSL & NSDL |
| Offline to Online | No |
Just Trade is India’s one of the top-rated full-service brokers to offer a variety of financial services in the field of stockbroking. The broker is the depository partner with CDSL and NSDL.
The broker charges Rs 710 for trading and DEMAT Account opening and Rs 280 per annum charge for DEMAT Account Annual Maintenance. Lastly, the broker sets margin money for its clients before trading is Rs. 10000.
II. Just Trade Account Types
The full-service stockbroker offers 4 different types of accounts. The accounts offer Online Equity Trading Platforms to its users. The broker facilitates its users with free Call and Trade features it includes Phone a Fund which gives direct access to Relationship Manager and the Equity Advisory team.
Here are the some Just Trade Account Types:
Just Activ Basic Plus
Just Activ Basic Plus offers a flexible trading facility to its users for easy buying and selling of stocks. It provides buying and selling options, futures, mutual funds, shares, and the user can also invest in IPOs with very little paperwork.
This plan usually offers 2 types of online share trading.
- In the 1st option, the investor can use the pull technology by which selecting a particular stock at once is possible. It allows the user to monitor the price quotes and place the order directly using the platform.
- In the 2nd option, the investor operates web-based price streaming quotes. The trading engine might look like a dealer based trading platform.
Just Activ Gold
Just Active Gold plan offers all types of investment plans to its users at zero transaction fees. To avail, this offer user needs to pay a nominal charge other than the statutory charge and the government payable taxes.
Just Activ Premier
The Just Active Premier plan is specially designed to offer a flexible online trading platform to effectively place orders and perform good trade.
The main advantage of using the account type is that it works with zero brokerage charges against a minimal charge.
However, the taxes and the statutory charges are mandatory and must be paid to government authorities.
Just Lite
Just Lite account type offers easy to use online trading services that help its users to buy and sell futures, options, Mutual Funds, and shares.
It also deals with IPO investments just a bit of paperwork. It enhances the overall trading experience by its easy and simple trading interface and supports easy adaptability.
It is very easy to perform share trade processes just by executing push-pull technology where the user is allowed to select the stock type on its own and monitor the price quotes and place the order accordingly.
III. Just Trade Brokerage Charges
Just Trade Basic Silver Brokerage Plan
| Segments | Brokerage Charges | |
| Account Activation & Plan Subscription Charges | NIL | Rs.599 |
| Delivery | 0.50% on turnover | 0.40% on turnover |
| Intraday | 0.05%on turnover | 0.04% on turnover |
| Futures | 0.05%on turnover | 0.04% on turnover |
| Options | Min Rs.50 per a lot of single sides | Min Rs.50 per a lot of single sides |
| Refund of Account activation & subscription fee | Not applicable | Applicable*** |
| Margin Money Requirement | Rs.50,000 | NIL |
Just Trade Basic Gold Brokerage Plan
| Segments | Brokerage Charges |
| Delivery | 0.40% on turnover |
| Intraday | 0.04%on turnover |
| Futures | 0.04%on turnover |
| Options | Min Rs.25 per lot single side** |
| Refund of Account activation & subscription fee | Applicable*** |
| Margin Money Requirement | NIL |
IV. Just Trade Trading Charges
Just Trade Equity Trading Charges
| Charges | Equity Delivery | Equity Intraday |
| Brokerage | 0.4% or 40 Paisa | 0.04% or 4 Paise |
| STT | 0.01% ON BOTH Buy & Sell | 0.025% On the Sell side |
| Transaction / Turnover charges | Rs 325 per Cr | Rs 325 per Cr |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.01% subject to a maximum of Rs 50 – Depends on the state to State | 0.01% subject to a maximum of Rs 50 – Depends on the state to State |
Just Trade F&O Trading Charges
| Charges | Currency/Equity Futures | Currency/Equity Options |
| Brokerage (I Saver Plan) | 0.04% or 4 paisa | Rs. 50 per lot |
| STT | 0.01% On the Sell-side | 0.017% On the Sell-side |
| Transaction / Turnover charges | Rs. 190 per Cr | Rs. 5000 Per Cr |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.01% subject to a maximum of Rs 50 – Depends on the state to State | 0.01% subject to a maximum of Rs 50 – Depends on the state to State |
Just Trade Currency Trading Charges
| Charges | Currency Futures | Currency Options |
| Brokerage | 0.04% or 4 paisa | Rs. 50 per lot |
| STT | NO STT | NO STT |
| Transaction / Turnover charges | Rs 110 per Cr | Rs 4000 Per Cr |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.01% subject to a maximum of Rs 50 – Depends on a state to State | 0.01% subject to a maximum of Rs 50 – Depends on a state to State |
V. Just Trade Other Charges
In this table based chart we had mentioned all the miscellaneous charges Just Trade imposes on its clients:
| Segments | Other Charges |
| STT | 0.0114% of Total Turnover |
| Stamp Duty | Depends on State (Very Minimal) |
| SEBI Turnover Charges | 0.0008% of Total Turnover |
| Transaction Charges | 0.00295% of Total Turnover |
| GST | 18% of (Brokerage + Transaction Charges) |
Apart from the brokerage charges, Just trade charges some additional charges from its traders and users. The stockbroker costs 0.00295% of the total turnover as transaction fees.
The broker also charges 0.0114% of the total turnover as STT Charges, when we talk about SEBI Turnover Charges it is 0.0008% of the total Turnover.
Lastly the GST and the Stamp Duty which is a fixed charge by Govt of India. The GST is 18% on Brokerage + Transaction and the stamp duty charges are dependent on the state you are trading from.
The values may change with time or with market value. However, the charges are very minimal so it will not affect your trading and its performance.
Just Trade Margin and Exposure
| Segment | Margin and Leverage |
| Equity Delivery | Up to 3X |
| Equity Intraday | Up to 6X |
| Equity Futures | Up to 4X |
| Equity Options | Up to 4X |
| Currency Futures | Up to 3X |
| Currency Options | Up to 3X |
| Commodities | Up to 3X |
Being a full-service stock Broker, Just Trade provides normal exposure to its users which are somehow restricting the trading potential. But trading on margin is always a risky trading practice which may end up your hard-earned assets too.
This full-service stockbroker Just Trade is to provide exposure up to 6 times in Intraday and up to 3 times in delivery in case of the Equity segment. For the Currency Futures, the stockbroker offers up to 3 times for Shorting and costs nothing on Buying.
Commodity trading and exposure of Currency Options is up to 3 times. Just Trade costs up to 4 times in case of Equity Futures. Whereas in case of Equity Options this full-service Broker claims up to 4 times for shorting and charges nothing for buying.
Just Trade & its Closest Competitor.
I. Just Trade Comparison With Closet Discount Brokers
| Broker | Just Trader | 5paisa | Zerodha | Upstox |
| Service Type | Full-Service Broker | Online Discount Stock Broker | Online Discount Stock Broker | Online Discount Stock Broker |
| Brokerage Range | 0.04 to 0.4% | A fixed charge of Rs. 10 | A fixed charge of Rs. 20 | A fixed charge of Rs. 20 |
| Account Type | 2 in 1 | 2 in 1 (Trading and DEMAT) | 2 in 1 (Trading and DEMAT) | 2 in 1 (Trading and DEMAT) |
| Equity Delivery | 0.4% or 40 paisa | Rs. 10 (Fixed) | Rs. 0 | Rs. 0 or no charge |
| Equity Intraday | 0.04% or 4 paisa | Fixed charge of Rs. 10 | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 20 or 0.01% (lowest will be preferred) |
| Equity Futures | 0.04% or 4 paisa | Rs. 10 (Fixed) | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 20 or 0.01% (lowest will be preferred) |
| Equity options | Rs 50 Per Lot | Rs. 10 (Fixed) | Rs. 20 (Fixed) | Rs. 20 (Fixed) |
| CommodityOption | NA | Rs. 10 (Fixed) | Rs. 20 (Fixed) | Rs. 20 (Fixed) |
| Currency futures | 0.04% or 4 paisa | Rs. 10 (Fixed) | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 20 or 0.01% (lowest will be preferred) |
| Currency options | Rs 50 Per Lot | Rs. 10 (Fixed) | Rs. 20 (Fixed) | Rs. 20 (Fixed) |
| Rating | 3.0 out of 5.0 | 4.0 out of 5 | 4.3 out of 5 | out of 5 |
II. Comparison of Just Trade with The Closet Full Service Broker.
| Broker | Just Trader | Sharekhan Online Trading | Angel broking online trade | Edelweiss financial service Ltd |
| Service Type | Full-Service Broker | The financial firm offers full-service broking | The financial firm offers full-service broking | The financial firm offers full-service broking |
| Brokerage Range | 0.04 to 0.4% | The percentage ranging from 0.10 percent to 0.50 percent based on trade order | Varies from Rs. 15 to Rs.30 depending upon the segment | Varies from Rs. 10 to 0.5% depending upon the segment |
| Account Type | 2 in 1 | 2 in 1 (Trading and DEMAT) | 2 in 1(Trading and DEMAT) | 2 in 1 (Trading and DEMAT) |
| Equity Delivery | 0.4% or 40 paisa | 0.5% or 50 paisa (lowest will be considered) | If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be charged | Rs.10 or 0.01% (lowest will be considered) |
| Equity Intraday | 0.04% or 4 paisa | 0.1% or 10 paisa (lowest will be considered) | If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be charged | Rs.10 or 0.01% (lowest will be considered) |
| Equity Futures | 0.04% or 4 paisa | 0.1% or 10 paisa (lowest will be considered) | Rs. 30 (fixed Charge) | Rs.10 or 0.01% (lowest will be considered) |
| Equity Options | Rs 50 Per Lot | Rs. 250 only or 2.5 percent of the premium (higher value will be considered) | Rs. 30 (fixed Charge) | Rs. 10 (fixed Charge) |
| Commodity | NA | The charge varies from 0.1 percent or Rs. 0.10 (lowest will be considered) | Rs. 30 (fixed Charge) | Not Applicable |
| Currency futures | 0.04% or 4 paisa | 0.1% or Rs. 0.10 (lowest will be considered) | Rs. 30 (fixed Charge) | Rs.10 or 0.01% (lowest will be considered) |
| Currency options | Rs 50 Per Lot | Rs. 250 only or 2.5 percent of the premium (higher value will be considered) | Rs. 30 (fixed Charge) | Rs. 10 (fixed charge) |
| Rating | 3.0 out of 5.0 | 4.0 out of 5 | 4.3 out of 5 | 4.1 out of 5 |
Just Trade Customer Complaints received at BSE/NSE
Though Bajaj Capital Limited is a well known full-service broker for its services and high-quality trading experience to its clients. However here are some concerns faced by its users.
The complaints rose against Just Trade and went to the stock Exchange for resolution:
| Exchange | Financial Year | Number of Clients * | Total Complaints ** |
| NSE | 2019-20 | 1,498 | 1 |
| NSE | 2018-19 | 1,949 | 3 |
| NSE | 2017-18 | 2,645 | 2 |
| NSE | 2016-17 | 2,386 | 1 |
| NSE | 2015-16 | 2,713 | 3 |
| BSE | 2014-15 | 391 | 4 |
| NSE | 2014-15 | 3,785 | 11 |
| BSE | 2013-14 | 4,962 | 2 |
| NSE | 2013-14 | 4,048 | 11 |
| NSE | 2012-13 | 23,932 | 6 |
Just Trade Merits And Demerits
Merits
- The brokerage charges Just Trader charges from its users are considered to be low when compared with other online trading financial firms.
- The trader can place multiple orders at a time.
- Free call and trade facility offered to its users
- The Just Plan- An online Financial Tool helps in planning and comes with the integration of online MF.
- The broker comes with portfolio management, effective trading guidance for better trading results.
Demerits
- The broker doesn’t offer 3 in 1 account facilities to its users.
- The facility of offline to online trading is not available.
- The customer service needs to be more effective and prompt in providing the resolutions.
- The stockbroker offers multiple brokerage plans and accounts to its users but they are very confusing and difficult to choose from.
- There isn’t any mobile-based trading platform or application.
Conclusion
Just trade is the part of BAJAJ Capital; this broker offers the best and attractive investment advisory services and financial planning. Just Trade has started its operations from the year 2008.
In addition, the stockbroker avails its users to maintain a portfolio management system, provides exact guidance for investment at the right time.
Just Trade offers one login facility to access Equity, Mutual Funds, and IPOs in a single trading platform. The main disadvantage of Just Trade is that it doesn’t offer a mobile-based trading platform to its users.
As a result, it creates a lot of confusion and mess amongst the users with respect to the brokerage charges.
Lastly, this just trade review will help you make a big decision whether to choose Just Trade as a stockbroker or not?
Just Trade FAQs
Q1. Does the investor is applicable for Refund of Account activation & subscription fee if he/she opts for Just Trade Basic Gold Brokerage plan?
Ans. Yes, the investor is applicable for the Refund of Account activation & subscription fee if he/she opts for Just Trade Basic Gold Brokerage plan.
Q2. What is the Margin money needed to trade in the case of Just Trade Basic Gold Brokerage plan?
Ans. No Margin money is needed to trade in the case of Just Trade Basic Gold Brokerage plan.
Q3. Does Just Trade provide prompt resolutions to its customer’s issues?
Ans. Yes, Just Trade provides prompt resolutions to its customer’s issues.
Q4. What is the GST charge of Just Trade?
Ans. 18% of (Brokerage + Transaction Charges) is the GST charge of Just Trade.
Q5. Is there any transaction charge of Just Trade?
Ans. The Total Turnover of 0.00295%, is the transaction charge of Just Trade.
