| Why Open Account with Tradejini? | |
| 1 | In house DP services |
| 2 | Atom gateway connecting 24 banks |
| 3 | One screen which enables trading across all segments |
 |
|
| Disadvantages of Tradejini | |
| 1 | No much attention towards developing in house trading platform |
| 2 | IPO investment not possible |
About Tradejini
Tradejini is Bangalore based discount stock broker established in year 2012. What I like most is, they offer first month of unlimited trading across all segments whoever opens the trading account with them.
Also, unlike many other discount brokers, this brokerage company has its own DP and no need to open any third party demat account and then integrate the trading account with it.
The company acts as stock broker with multiple exchanges such as NSE, BSE, MCX and MCX-SX. It was founded by Mr Dinesh Kumar M and Mr Kishore Kumar J.
It claims that they have more than 13000 clients and do turnover of more than 1000 crores daily on stock exchanges.
The services offered by them are:
- Equity
- Derivatives
- Currency
- Mutual Funds
- Commodity
- Debt Instruments
Tradejini Brokerage Charges:
Their brokerage charges are almost similar to Zerodha. They charge Rs 20 per executed order or 0.01% whichever is lower irrespective of trade value or number of shares.
Brokerage Details:
- Equity Delivery based trades: 0.1% or Rs 20 whichever is lower
- Equity Intraday trades: 0.01% or Rs 20 whichever is lower
- Equity Futures: 0.01% or Rs 20 whichever is lower
- Equity Options: Rs 20 per executed order
- Currency Futures: 0.01% or Rs 20 whichever is lower
- Currency Options: Rs 20 per executed order
- Commodity Futures : 0.01% or Rs 20 per trade whichever is lower
Account Opening Charges:
- Trading Account opening charges: Rs 300 (One time)
- Demat Account opening charges: NIL
- Trading Account Annual Maintenance charges:NIL
- Demat Account Annual Maintenance charges:Rs 300
- Commodity Account opening charges: Rs 300 (One time)
Tradejini Trading Platforms:
Actually they does not have any inhouse developed trading platforms like Zerodha and Upstox.
They offer the trading platform developed by third parties mainly from Omnesys Technologies and NSE.
NEST ( Next generation Electronic Securities Trading) Platform is developed by omnesys Technologies Private Limited and is used by most of the brokerage houses.In fact Zerodha also offered the same before they developed the inhouse platform called KITE.
They also offers the NOW platform which is developed by National Stock Exchange (NSE).
Tradejini Contact Details:
- Website: http://www.tradejini.com
- Email: sales@tradejini.com
- Phone: +91-80-40204020
- Address: Vasavi Square, 2nd floor, 10th main road, 4th block, Jayanagar, Bengaluru – 560011
Tradejini Pros and Cons:
Disadvantages of Tradejini:
- No much attention towards developing in house trading platform
- IPO investment not possible
Advantages of Tradejini:
- In house DP services
- Atom gateway connecting 24 banks
- One screen which enables trading across all segments
Tradejini Review – Conclusion :
Tradejini has nothing new to offer compared to already established big discount brokers like Zerodha.
But few traders still want to use the trading platforms like NEST and NOW. For those traders, this company is best suited.
Also since it is a relatively small company, one can expect a better response from the support team.
If you already have an account with them, kindly share your experience through the comments section below.
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