Tradejini is a discount broker and it is a new entrant in brokerage area and was incorporated in 2012. They are operating from Bangalore. It was started by are Mr. Kishore Kumar J and Mr. Dinesh Kumar M. The founders have over 30 years of experience in the stock market operations and have been successful investors.
They provide whole gamut of investment options in almost all the Indian exchange. They are a member of NSE, BSE, MCX-SX and provide full fledged Demat service through CDSL. It also provide trading in currency, commodities and Mutual funds. They are also providing trading through NEST trading platform which is invariably the system used by most of the discount brokers. This is a pretty robust system and you can read a review of NEST trading platform here.
They also provide mobile trading platform
The documents required for account opening is pretty similar to what is needed by other brokers need.
Documents required for Account Opening
1) Copy of PAN card
2) Copy of any one address proof (passport, ration card, voter id, driving license, Aadhar card, Bank statement, Telephone bills -landline, latest electricity bill, latest Gas bill)
3) Bank proof : cancelled cheque leaf
4) 3 latest colour passport size photographs
5) Income proof (for Derivatives only): Latest 6 months bank statement (or) Latest 3 months salary slip (or) Latest Form 16/IT returns (or) Latest De-mat holding statement with any other broker
For account opening there would be a In Person verification on web where you have to show your original copy of PAN Card and address proof. It should take less than a week to open the account after they receive the documents.
Finally, in case you want to transfer your existing Demat account to them, it can be done by filling the transfer-cum-closure form. This is something which as an investor you should do because it will help you in maintaining just one Demat account. And as most of the Demat account entails a yearly charge, it is good if you maintain just one demat account.
They have a very competitive brokerage structure and is comparable to other discount broker in India. There brokerage charges are Rs. 20 per executed order. Apart from that, there are other taxes and service tax and expect to pay Rs 25 per executed order. Tradejini also provides call and trade for an additional charge of Rs 20 per order.
Just to provide you an example of brokerage charges for trading in Futures/options
Nifty 6000 October 2013 put option; Buy price – 70, Sell price – 75, Quantity – 50 (1 lot)
The great thing about discount broker structure is even if you trade in multiple lots but in one trade order, the brokerage will remain almost the same.
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