Tradejini Review

Category: Reviews | Author: Trading Brokers | Date: October 14, 2023

In the world of stockbroking, there are few names that stand out from the rest. One such name is Tradejini, a discount broker that has been making waves in the industry since its inception in 2012. With its unique approach to trading and investing, Tradejini has managed to carve out a niche for itself among seasoned investors and newbies alike. In this review, we’ll take a closer look at what makes Tradejini tick and whether it’s worth considering as your preferred stockbroker.

Pros & Cons

  • Existing clients can earn 10% on the brokerage generated from referred clients
  • Jiniversity platform for investor education and financial literacy
  • ₹20 per executed order or a percentage of the turnover, whichever is lower Equities, commodities, derivatives, currencies, and ETFs
  • Allows users to transfer funds from 28 prominent banks
  • Tradejini does not offer the option to invest in Initial Public Offerings (IPOs)
  • Below par service quality, including time taken to resolve concerns, communication quality, and executive training
  • Relies on NSE or Financial technologies based trading platforms
  • Close to ₹1000 for opening a Demat and Trading account
  • Users have to perform their own fundamental or technical analysis

Summary 

Tradejini Review

Tradejini Review

 

Tradejini is a Bangalore-based discount broker that offers its services across various segments, including equity, derivatives, commodities, and currencies. Founded by Kishore Kumar J and Dinesh Kumar M, the company boasts over 10,000 clients from over 1000 locations across India. Despite being a discount broker, Tradejini has managed to differentiate itself from its peers by offering features that are typically associated with full-service brokers.

One of the standout features of Tradejini is its low brokerage charges. Unlike traditional brokers who charge a percentage of the transaction value, Tradejini charges a flat fee of Rs. 20 per executed order. This makes it an attractive option for high-volume traders who can save substantial amounts of money in brokerage fees. However, it’s important to note that the low brokerage comes at a cost – Tradejini doesn’t offer any research reports or tips to its clients. Therefore, you’ll need to rely on your own analysis or seek external advice to make informed investment decisions.

Another area where Tradejini shines is its technology infrastructure. The company’s trading platforms, both web and mobile, are designed to provide a seamless trading experience. They offer real-time data, advanced charting tools, and rapid execution capabilities, making them suitable for both casual and frequent traders. Additionally, Tradejini provides a unique initiative called ‘Jiniversity’, which offers free educational resources to help traders improve their knowledge and skills.

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Regulation

Tradejini is a member of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) and is also registered with the Securities and Exchange Board of India (SEBI). This means that the company is fully compliant with all relevant Indian laws and regulations regarding financial services. Additionally, Tradejini has implemented various measures to protect client data privacy and security, including two-factor authentication for login access control as well as encryption techniques for sensitive information storage purposes. Furthermore, since they operate within India’s regulatory framework, customers can rest assured knowing their funds are safe when trading via Tradejini’s platform. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

Tradejini offers its users a proprietary trading platform called CubePlus, which is an all-in-one platform designed to seamlessly navigate trading needs within a single app.

CubePlus

CubePlus

The platform is equipped with cutting-edge tools and products that empower traders, enabling them to effortlessly execute complex orders through a unified interface. In addition to CubePlus, Tradejini also provides access to NEST & NSE NOW trading platforms, which offer a robust and interactive trading experience. Furthermore, Tradejini has a backend platform called SPARC that helps users track all their trades with enhanced reports and dashboards

Beyond these platforms, Tradejini augments the trading experience with a suite of valuable tools, including:

  • Advanced charting: This tool allows traders to access various charts, such as candlesticks, bars, lines, areas, and Heikin-Ashi. It also provides a range of technical indicators, such as moving averages, Bollinger bands, MACD, RSI, and more. Traders can use these charts and indicators to identify patterns, trends, support and resistance levels, and trading signals. Tradejini Web offers advanced charting features for all segments and exchanges that Tradejini supports.
  • Heat maps: This tool allows traders to see the performance of different sectors and stocks in a color-coded matrix. The colors indicate the percentage change of the stocks or sectors over a given period of time. Traders can use this tool to spot the winners and losers in the market, as well as the sectors that are in demand or out of favor. Tradejini Web offers heat maps for NSE and BSE segments.
  • Market watch: This tool allows traders to create and customize multiple watchlists of their favorite instruments. Traders can view the live quotes, bid and ask prices, volume, and percentage change of the instruments in their watchlists. They can also place orders directly from the market watch window. Tradejini Web offers a market watch for all segments and exchanges that Tradejini supports.

Education

Tradejini offers a variety of educational resources to empower its users to make smarter financial decisions. These resources are primarily provided through a platform called Jiniversity. Here are the key educational resources offered by Tradejini:

  • Jiniversity: This is the main educational platform of Tradejini. It is dedicated to investor education and financial literacy. Jiniversity provides education in the simplest form on a range of topics, from the most basic to complex financial concepts.
  • Jiniversity Newsletter: Users can subscribe to the Jiniversity newsletter to receive regular updates on the financial markets. This can help them stay informed about market trends and make informed trading decisions.
  • Customer Support: Tradejini offers best-in-class customer support to provide meaningful resolutions to all queries in a time-bound manner. This support can also serve as an educational resource, as the support team can guide users through the trading process and answer any questions they may have.
  • Online and Offline Account Opening Guidance: Tradejini provides guidance on how to open a Demat account, both online and offline. This guidance can be a valuable resource for new users who are unfamiliar with the process.

In addition to these resources, Tradejini’s commitment to transparency and its dedication to providing cutting-edge tools and products can also contribute to a user’s financial education.

Markets

Tradejini offers a wide range of markets for trading to its users. Here are the key markets offered by Tradejini:

  • Equities: Tradejini provides a platform for trading in equity shares. This includes both buying and selling of shares of publicly traded companies.
  • Commodities: Users can trade in various commodities. This includes a wide range of commodities like metals, energy, and agricultural products.
  • Derivatives: Tradejini offers trading in both futures and options. This includes equity futures and options, currency futures and options, and commodity futures and options.
  • Currencies: Users can trade in currency futures and options. This allows users to speculate on the future price movements of various currency pairs.
  • Exchange Traded Funds (ETFs): Tradejini also offers trading in ETFs. ETFs are investment funds traded on stock exchanges, much like individual stocks. They can track a variety of assets, from stocks to commodities to bonds.

Tradejini’s platform, CubePlus, empowers users to trade in all these markets from a single account, providing a seamless and efficient trading experience.

Accounts

Tradejini offers two main types of accounts for its users:

  • Trading Account: This account is used to buy and sell securities in the stock market. Tradejini provides a seamless trading experience with its advanced trading platform, CubePlus. The trading account allows users to trade in different segments including equity, currency, commodity, and derivatives. There is no minimum balance requirement for the trading account, and users can transfer funds to the trading account at the time of trade.
  • Demat Account: A Demat account, short for dematerialized account, is used to hold shares and securities in electronic format. Opening a Demat account with Tradejini allows users to trade in different segments including commodity, futures, options, equity, and currency. The Demat account can be opened via both online and offline methods by paying a one-time fee of ₹300. The annual maintenance charges for the Demat account are ₹300 per annum. Tradejini does not demand any margin money for executing a trade with a Demat account.

It’s important to note that to trade in the stock market, users need to have both a trading account and a Demat account. The trading account is used to place buy or sell orders in the stock market, while the Demat account is used to hold the shares bought or sold.

Funding

Tradejini offers a diverse range of payment methods for funding trading accounts and withdrawing profits:

  • Online Bank Transfer: This option enables instant deposits and withdrawals through net banking from the funds page in CubePlus. The minimum deposit and withdrawal amounts are Rs. 1000, with a maximum of Rs. 10 lakhs per transaction. A fee of Rs. 9 + 18% GST is charged for each transaction.
  • NEFT/RTGS: This option enables deposits and withdrawals through National Electronic Funds Transfer (NEFT) or Real Time Gross Settlement (RTGS) from your registered bank account to Tradejini’s bank account. The minimum deposit and withdrawal amounts are Rs. 1000 for NEFT and Rs. 2 lakhs for RTGS, with no maximum limit. No fees are associated with NEFT/RTGS transactions.
  • UPI: This option enables deposits and withdrawals through the Unified Payments Interface (UPI), a fast and secure way of transferring money using a virtual payment address (VPA). The minimum deposit and withdrawal amounts are Rs. 1000, with a maximum of Rs. 10 lakhs per transaction. No fees are associated with UPI transactions.
  • Cheque: This option enables deposits through cheques drawn in favor of Tradejini Financial Services Pvt Ltd. The minimum deposit amount is Rs. 1000, with no maximum limit. No fees are associated with cheque deposits. However, cheque deposits may take 2 to 7 working days to clear and reflect in your trading account.

Please note that Tradejini does not accept cash deposits or Demand Drafts (DD). Also, funds should be transferred from the bank account registered with Tradejini. Transfers from unregistered bank accounts may not appear in your Tradejini account.

Conclusion

In conclusion, Tradejini is a reliable online stock trading platform that offers a wide range of markets, including equities, commodities, derivatives, currencies, and ETFs. They provide two main types of accounts: Trading Account and Demat Account. Users can fund their accounts through various methods such as UPI, Payment Gateway, IMPS, NEFT/RTGS, and cheques. Tradejini also offers educational resources through Jiniversity, a platform dedicated to investor education and financial literacy. With a commitment to transparency and cutting-edge tools, Tradejini aims to empower its users to make smarter financial decisions. Moreover, it is worth noting that there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

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Tradejini is a discount broker offering low-cost trading services in various markets, including equities, commodities, derivatives, currencies, and ETFs.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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