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Tradejini Review – Online Discount Share Broker, Charges, Margin, Demat account, Trading Platforms, Back Office, Customer Care, Margin And Brokerage Calculator

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Tradejini Review

Tradejini is a discount broker located in the city of Bangalore.  It was established in the year 2012. The main vision of the broker is to offer the cheapest brokerage and maximize the profit margin of the investors. 

The stockbroker focuses on both fundamental and technical aspects of trading very tactically. 

This discount brokerage firm was founded by M Dinesh Kumar and J Kishore Kumar and presently holding the employee base of more than 60 members. 

The most attractive feature of the broker is that it offers all its services remotely for customer’s convenience. 

They have an experienced team in stock trading products. However, they lack in providing Research related reports with recent data the broker claims of having an active client base of 10000 across the country. 

Meanwhile, the company is very useful in providing DEMAT services with the active membership of CDSL. 

The broker is a legal trading member of NSE, BSE, MCX, and MCX-SX. This discount stockbroker offers almost all trading segments, including: 

  • Derivative Trading
  • Mutual Funds
  • Debt Instruments
  • Currency Trading
  • Commodity Trading
  • Equity
Tradejini

Tradejini Trading Platforms and Software.

The discount broker offers multiple types of trading platforms to suit every investor’s needs and preferences.

The main concern is that the broker doesn’t provide any in-house developed trading platform for better trading experience.  All the trading platforms and terminal are licensed under NSE. 

Let’s check out all platforms in details:

I. NEST TRADER

This trading platform is the official trading application of Tradejini. Omnesys Technologies Pvt. Ltd originally developed it. 

NEST TRADER is a well-optimized trading platform and best suited for heavy traders. The software is super easy to use; all you need to download and install it on your desktop or laptop. The setup is rapid and hassle-free.

Here are some best features of the trading application mentioned below:

  • Being a user, you can access real-time market trending stocks and quotes.
  • NEST TRADER is highly optimized, secure and ends to end encrypted to offer a safe and effective profitable trading experience to its users. The login procedure is integrated with two-level authentication.
  • The terminal allows the trader to modify the orders, even it gives the provision to place and cancels the orders.
  • It is also embedded with various other features which include viewing order books, trade books, analyzing the position book. 
  • It allows the user to set limits and opt Quotes for perfect market value analysis (MBP)

II. NSE NOW

It is again a great trading platform offered by Tradejini.  It is an optimized web browser-based trading platform.

NSE NOW is licensed and launched by NSE India.  It is a hassle-free and flexible trading platform which can be assessed by the user without any installation. 

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Let’s check out some of its features:

  • It allows the traders to perform trading directly on NSE Servers without any intermediate server, which enhances the overall experience and productivity.
  • It makes the trading process super quick and utilizes only a few seconds to execute an order.
  • It offers great customization features to its users based on their trading style and preferences. Being a user, you can set notifications and alerts on your phone by SMS or Email. 
  • For active trading, a trader must analyze all advanced technical charts before placing any judgment on any trade or investment.
  • NSE NOW allows you to access all necessary chartings within the trading interface and makes the experience user-friendly.
  • The interface is integrated with more than 25 nationalized banks for easy fund transfers.

III. NSE MOBILE  TRADING APP

Being a trader, it’s quite essential to analyze market trends while you are on the go. Tradejini offers NSE Mobile Trading App for its customers for effective trading.

Dotex International develops a mobile trading application. However, the form is offered by NSE, but to trade, you must apply Tradejini for login credentials.

Some of the main features of the NSE Mobile trading app are mentioned below:

  • The application offers detailed market trends and allows the user to monitor all the information related to trading on a real-time basis.
  • The users can check out real-time quotes and market watch lists. It also includes a variety of trading charts based on technical and fundamental analysis.
  •  NSE Mobile Trading App offers detailed information on market movers. It includes the top 10 gainers and losers too.

Here are some issues reported by users against this mobile trading application:

  • The company is performing mediocre in pushing updates.
  • The user experience needs to get more optimized for more profitable results.
  • The developer company must include the latest features to the application to give a new trading environment.

Read Also: Zerodha Trading Platform

Tradejini Customer Care, Support and Office Addresses

Being a discount broker, Tradejini offers a few channels of communication for its users for queries and support.

  • Via Email
  • Over Phone
  • WEB and Social Media

Moreover, this broker offers minimal channels of communication of its users which makes the overall service weak and slow.

However, it is quite considerable as most of the discount brokers don’t offer high-quality customer support. 

In the case of Tradejini, it takes maximum time to resolve an issue, needs to improve the quality of communication, needs to focus on executive-level training and many more.

Customer Care Numbers, Addresses, and E-Mail ids.

Corporate/ Communication Address
Vasavi Square,2nd Floor, No. 75/757,10th Main Road, 4th Block,Jayanagar,Bangalore-560 011
Registered Office
Suvas, No.4,Shankarmutt Road, 3rd Cross,Shankarpuram,Bangalore-560 004
Sales OfficeTRADEJINI223, Vijay Enclave, 2nd Floor,TV Swamy Road East, R.S. Puram,Coimbatore,Tamil Nadu – 641002.0422 435 7170
Email[email protected]
Websitehttps://www.tradejini.com/
Contact Nos. (For Queries)+91-80-40204020
Call & Trade+91-80-26086600+91-80-40204040
Email (For Queries And Information)[email protected]

Tradejini Customer Ratings

SegmentRatings
Brokerage Charges And Fees9.5 out of 10
Trading Platforms3.0 out of 10
Broking Experience4.0 out of 10
Product And Services3.0 out of 10
Research And Advisory3.0 out of 10
Overall Rating4.5 out of 10

Tradejini Prices and Charges

I. Tradejini Account Opening Charges

Being a trader, we all need to have a trading account opened with the respective broker. So for opening a trading account and Demat account the broker imposes certain charges from the users. 

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Here we have mentioned the detailed charges in the below table:

SegmentsCharges
Opening Charges For DEMAT AccountRs. 300
Opening Charges For Trading AccountRs. 300
Annual Maintenance Charges  Of DEMAT AccountRs.300
Annual Maintenance Charge Of Trading AccountRs. 0
Minimum Margin MoneyNo Margin Required

The discount broker imposes a one-time charge for opening trading and Demat account of Rs 300 and Rs 300 respectively.

It also includes Annual Maintenance Charges Of DEMAT Account of Rs. 300/annum.  Whereas the broker doesn’t impose any trading margin and no AMC on the trading account. 

II. Tradejini Brokerage Charges and Plans

The main advantage of this broker is that it imposes very fewer brokerage charges from its users across all trading segments. It helps the user’s enhancing their profits. 

Here in the below table, we have mentioned all details about its brokerage charges:

SegmentsBrokerage Charges
Equity IntradayRs. 20 per order executed or 0.01% of Turnover whichever is lower
Equity OptionsRs. 20 per order completed
Currency OptionsRs. 20 per completed order
Equity DeliveryRs. 20 per order completed or 0.10% of the Turnover whichever is lower
Equity FuturesRs. 20 per order completed or 0.10% of the Turnover whichever is lower
Currency FuturesRs. 20 per order completed or 0.10% of the Turnover whichever is lower
CommodityRs. 20 per order completed or 0.10% of the Turnover whichever is lower

In the case Equity Delivery, Commodity, Currency Futures, and Equity Futures, the users are charged with 0.10% of the turnover with a cap of Rs. 20 per executed trade.

However, in the case of Equity Intraday, the investor is charged with 0.01% of the turnover with a cap of Rs. 20 per executed trade. Lastly, For equity options, a fixed brokerage of Rs.20 is levied per completed order.

III. Tradejini Transaction Charges

Keeping aside the charges mentioned above the investors also need to pay some additional costs in the form of transaction charges.  

Here are the details mentioned for the same:

SegmentTransaction charges
Equity Options0.053% On Premium
Currency Options0.0435% On Premium
Depository Participant Transaction ChargeRs. 15 Per Debited Transaction
Commodities: MCX0.0030%
Call And TradeRs. 20 Per Order Executed
Equity Cash And Delivery0.00325%
Currency Futures0.00125%
Equity Futures0.0020%

IV. Tradejini Other Charges

Here in this segment, some mandatory charges are kept, which can’t be sliced or ignored by both the broker and the trader. These charges include various governmental charges and taxes: 

SegmentsOther Charges
STT0.0112% Of The Total Turnover
Transaction Charges0.00292% Of The Total Turnover
Stamp DutyVaries From One State To Another
SEBI Turnover Charges0.0007% Of The Total Turnover
GST18% Of (Transaction + Brokerage Charges)

Being a trader, you will charge with STT of 0.0112% Of The Total Turnover, transaction charges of 0.00292% Of The Total Turnover, SEBI Charges of 0.0007% Of The Total Turnover.

Lastly, 18% Of (Transaction + Brokerage Charges) as GST and a minimal Stamp duty depending upon state rules and policy.

Tradejini Brokerage Calculator

Tradejini provides a great stable brokerage calculator. The tool is totally free for all registered users. 

Here are some of the best features of the brokerage calculator:

  • It not only calculates the brokerage charges and taxes but also includes stamp duty too.
  • The calculator can also be used for Breakeven Point (Per Share), Taxes, Net Profit or Loss Per Trade and Total Brokerage Charges in a very easy and effective way.
  • The tool aims to calculate all brokerage charges including Currency derivatives, Futures and options, Equity Delivery and Intraday.
  • The tool promised to offer 1005 accurate brokerage at the times.
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Tradejini Back Office

This discount broker offers a back-office facility to its clients to perform all tasks related to their trading account.

For using the back office application the user needs to log into it with their official credential and perform all administrative proceedings related to the stockbroker. It also offers issues raising the facility directly through the application.

Here are few best features of Tradejini Back office terminal:

  • It offers detailed information on your past trades and helps the user to analyze and organize each and everything in a very effective manner.
  • The customer can also review his / her stocks, investments, credits, and closing balances.
  • Viewing and downloading of Contract notes are available.
  • An investor can transfer stocks to their DEMAT Account just by placing request orders.
  • Being a trader you can place Stock pledging order request and that can be easily modified or canceled at later stages.
  • In addition, the user can access the financial ledger facility within the back office terminal.

Tradejini Margin and Exposure

Every broker offers more or less margin or exposure to its clients for better profitability. However, sometimes, it becomes risky to trade on margin if proper planning was not done. 

Here all margin and its exposure levels are given in details:

SegmentMargin or exposure
Equity IntradayStandard case: 4 to 10 timesWith Stop Loss: Up to 20 times
Equity OptionsBuying Side- 100% marginSelling Side: Required Future marginsNormal Exposure of 2.5 times
Currency OptionsBuying Side- 100% marginSelling Side: Required Future marginsNormal Exposure of 2.5 times
Equity DeliveryNo Leverage
Equity FuturesNormal case: 2.5 timesWith Stop Loss: Up to 5 times
Currency FuturesNormal case: 2.5 timesWith Stop Loss: Up to 5 times
CommodityThree times for Intraday

From the table, we came to know that Tradejini offers one of the best exposures amongst other players. 

But it is not always the same in its entire segments like Equity delivery, Currency Options, Currency Futures, and Commodities.

It is always suggested to use Tradejini’s margin calculator for a better understanding of margin and its effect.

Tradejini Margin Calculator

This Margin calculator is the live tool helps to calculate the detailed margin which includes both Span and Exposure margin.

Let’s check out some benefits of using the Margin Calculator:

  • It allows the user to calculate option shorting and multi-leg F & O strategies in Equity and F&O. 
  • It offers accurate data at real-time basis; the SPAN margin data gets 6 times updates from the NSE website in a day.
  • It also covers maximum potential loss to match exchange needs for F&O trades.
  • It offers a variety of dropdown lists in all segments, contracts, lot size, price strike and many more.
  • It overall improves stability and reduces the complexity of traders.

Tradejini Comparison with its Closest Competitor.

Tradejini Comparison with Closet Discount Brokers

BrokerTradejini5paisaZerodhaUpstox
Service TypeDiscount BrokerDiscount BrokerDiscount BrokerDiscount Broker
Brokerage RangeRs 20Rs. 10Rs. 20Rs. 20
Account Type2 in 12 in 12 in 12 in 1
Equity Delivery0.1% or Rs 20 whichever is lowerFlat Fee Rs 10FreeFree
Equity Intraday0.01% or Rs 20 whichever is lowerFlat Fee Rs 100.01% or Rs 20 whichever is lower0.01% or Rs 20 whichever is lower
Equity Futures0.01% or Rs 20 whichever is lowerFlat Fee Rs 100.01% or Rs 20 whichever is lower0.01% or Rs 20 whichever is lower
Equity optionsFlat Fee Rs 20Flat Fee Rs 10Flat Fee Rs 20Flat Fee Rs 20
CommodityOptionFlat Fee Rs 20Flat Fee Rs 10Flat Fee Rs 20Flat Fee Rs 20
Currency futures0.01% or Rs 20 whichever is lowerFlat Fee Rs 100.01% or Rs 20 whichever is lower0.01% or Rs 20 whichever is lower
Currency optionsFlat Fee Rs 20Flat Fee Rs 10Flat Fee Rs 20Flat Fee Rs 20
Rating3.8 out of 54.0 out of 54.3 out of 54.3 out of 5

Tradejini Comparison with Closet Full Service Broker.

BrokerTradejiniSharekhanAngel brokingEdelweiss
Service TypeDiscount BrokerFull-Service BrokerFull-Service BrokerFull-Service Broker
Brokerage RangeRs 200.1 to 0.5%Rs. 15 to Rs.30Rs. 10 to 0.5%.
Account Type2 in 12 in 12 in 12 in 1
Equity Delivery0.1% or Rs 20 whichever is lower0.5% or 50 paisaRs. 15 /trade less than Rs. 50k orderRs. 30/trade more than Rs. 50k orderRs.10 / 0.01% whichever lower
Equity Intraday0.01% or Rs 20 whichever is lower0.1% or ten paisaRs. 15 /trade less than Rs. 50k orderRs. 30/trade more than Rs. 50k orderRs.10 / 0.01% whichever lower
Equity Futures0.01% or Rs 20 whichever is lower0.1% or ten paisaA flat fee of Rs. 30/ orderRs.10 / 0.01% whichever lower
Equity optionsFlat Fee Rs 202.5% of Premium or Rs 250 per lot whichever is highA flat fee of Rs. 30/ orderFlat Fee of Rs. 10
CommodityFlat Fee Rs 200.1% or ten paisaA flat fee of Rs. 30/ orderNA
Currency futures0.01% or Rs 20 whichever is lower0.1% or ten paisaA flat fee of Rs. 30/ orderRs.10 / 0.01% whichever lower
Currency optionsFlat Fee Rs 202.5% of Premium or Rs 250 per lot whichever is highA flat fee of Rs. 30/ orderFlat Fee of Rs. 10
Rating3.8 out of 54.0 out of 54.3 out of 54.1 out of 5

Tradejini Complaints Received at BSE/NSE

Being a discount broker some of its customers raised complaints against Tradejini Financial Services Pvt Ltd. here are some list of charges and its summarized details which went to the exchange for resolutions:

ExchangeFinancial YearNumber of Clients *Total Complaints **
NSE2018-194,9231
BSE2017-181,0841
NSE2013-141,0031

Tradejini Advantages and Disadvantages

Tradejini Advantages

Here are some of the benefits of trading with Tradejini:

  • Tradejini offers instant PAYIN features to help its clients with prompt fund transfers. It is integrated with 28 nationalized banks. 
  • The broker charges a very low brokerage for a better trading experience.
  • It doesn’t have any turnover commitment, no minimum deposit or no minimum contract charges.
  • Being a client, you can even earn bonuses just by referring to your existing clients. It offers 10% brokerage generated from the refereed clients.

Tradejini Disadvantages

Here are some concerns we noted with this discount broker:

  • Commodity trading is not allowed; only you can perform non-Agri based commodity trading.
  • The IPO investment facility is not yet introduced.
  • No dedicated team for in house trading platform development. They rely totally on NSE based platforms.
  • This broker fails in offering Fixed Deposits, FPOs and NCDs.
  • The customer service needs to be more focused and experienced team must be introduced for better customer handling.
Tradejini Review

Conclusion

Tradejini is an excellent online discount broker to offer the lowest brokerage schemes when compared with other brokers. 

It excels in pricings, exposure, pay-ins and many more. Moreover, if you are an old player in the field of the stock market, then it will be an excellent choice for you, from an economic point of view.

 If you are a beginner or a newbie, then we don’t suggest you go with this broker, as you need a good tip and recommendation from the broker’s end. Instead, we will recommend you to go with 5 Paisa or Upstox for better visibility with their advanced research tips and reports.

Tradejini FAQs

Q1. What type of broker Tradejini is?

Ans. Tradejini is an online discount broker.

Q2. Where Tradejini is located?

Ans. Tradejini is located in the city of Bangalore.

Q3. In which year Tradejini is incorporated?

Ans. Tradejini is incorporated in the year 2012.

Q4. Who are the founders of the Tradejini discount brokerage firm?

Ans. Mr.  M Dinesh Kumar and Mr. J Kishore Kumar are the founders of Tradejini.

Q5. Does Tradejini hold the membership with CDSL?

Ans. Yes, Tradejini holds a depository participant membership with CDSL.

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