Last updated on October 12, 2022
The stockbroker market is fiercely competitive in the Indian economy. It becomes challenging for a typical investor to select a stockbroker who will offer him all the amenities at a reasonable price. The stockbroker review is important and a deciding factor when choosing a stockbroker because it indicates Just Trade’s credibility.
You can learn crucial details in this review, including the price per trade charged by Just Trade, the types of securities they deal in, whether they offer any extra services that other stockbrokers do not, how profitable their monthly trading plan is, whether they offer any incentives, and lastly how skilled they are at dealing with clients and managing their money. Reviews of stock brokers can also provide light on the services that are lacking or should be enhanced. An investor may select a stockbroker who meets his needs and budget after comparing and evaluating the cost-benefit analysis of numerous stockbroker evaluations.
About Just Trade
A private trading firm is Just Trade. K K Bajaj established Just Trade in 2008, & the company is from Mumbai, Maharashtra. Also, full-service brokers provide their clients with more thorough stock assessments & more comprehensive financial recommendations. Additionally, the brokerage costs are on the higher side.
For keeping securities in electronic form, a Demat (short for dematerialization account) account is employed, and the securities are placed through National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL). For different brokers, the account opening fees range from zero to two hundred rupees. Just Trade costs Rs. 710 for the establishment of an account.
Following opening a Demat account, you will be required to pay fees including account maintenance fees, broker commissions, GST, and STT. The AMC (Annual Maintenance Charges) are around Rs. 300, and the fee charged by the discount broker is typically Rs. 20 per performed deal.
As was already noted, the CDSL and NSDL are both depositories authorized by the Indian government to retain assets in electronic or paper form or copies, including stocks, commodities, bonds, and ETFs. Various brokers utilize one of the two depository types. CDSL & NSDL are used by just trade as the depository.
Just Trade Equity Brokerage Charges
Investors must pay additional fees for using the broker’s various services in addition to the AMC fees.
Equity delivery charges: It simply implies that you keep the assets in your demat Account for a specific period and sell them when the price is suitable to profit from your investment. Due to the intense rivalry in this market, brokers often charge Rs. 0 for equities delivery to draw more clients, while some may charge up to Rs. 20 for each performed deal. Just Trade assesses 0.2% to 0.4% for the distribution of equities.
Equity Intraday: Equity intraday, as the name suggests, refers to purchasing and selling stocks and shares on the same day. For equities intraday, Just Trade costs between 0.02% and 0.04%.
Equity Futures: By using this phrase, you can purchase and sell shares at a set price later. For equities futures, Just Trade costs between 0.02% and 0.04%.
Equity Options: Through a contract (1 contract = 100 shares), they let an investor purchase or sell equities at a predetermined or striking price. For equity options, Just Trade costs Rs. 30 per lot.
Just Trade Currency Brokerage Charges
In India right now, many reasonable brokers are offering their services. However, not all of them engage in trading commodities, currencies, and equities. The best-performing individuals do, however, charge separately for their services in these fields.
Currency future: Other names for this concept are FX future and foreign exchange future. As the name implies, it is an agreement to exchange one currency for another at a specific future period for a precise or set price at the time of purchase. Equities futures are comparable to this idea. For currency futures, Just Trade costs between 0.02% and 0.04%.
Currency Options: A currency option, like equities options, is a contract that grants the buyer the right—but not the obligation—to purchase or sell a specified currency at a set exchange rate on or before a given date. Currency options are priced at Rs. 10 per lot by Just Trade.
| Currency Brokerage Charges | Just Trade |
| Currency Futures Brokerage | 0.02% – 0.04% |
| Currency Options Brokerage | Rs.10 per lot |
Just Trade Other Charges
Commodity trading: A commodity is defined as a raw material or basic agricultural product that may be purchased or sold. This idea is often used in the world of trade. To make the process of purchasing and selling raw commodities easier, many traders purchase and sell gold, silver, and oil, and many brokers now provide their services online. Just Trade costs between 0.02% and 0.04% for trading commodities.
Minimum broker charges: Just Trade imposes a minimum brokerage fee of Rs. 20.
Transaction brokerage charges: These are fees that a client must pay for each transaction that a DP (depository participant) completes. Just Trade charges transaction brokerage fees equal 0.00295% of the total turnover charges.
SEBI Turnover charges: The security and commodities markets are governed by the Securities and Exchange Board of India (SEBI). It monitors fair trading for all investors and assesses a fee for their turnover. Just Trade levies Sebi turnover fees at 0.0008% of total turnover.
Stamp Duty charges: Stamp duty charges vary depending on the state and the type of asset class. GST Charges (Goods and Services Tax): A GST of 18% on brokerage and transaction charges are applied. STT (Securities transaction tax): Just Trade charges 0.0114% of Total Turnover as STT.