BlinkX by JM financial Review Brokerage Charges, Demat A/c, Mobile App and More

BlinkX is a modern investment platform, placing a strong emphasis on customer satisfaction and technology-driven financial stockbroking services. It is the latest addition to JM Financials diverse suite. This trading app equips traders with state-of-the-art tools and real-time data, enabling them to make well-informed investment decisions.

JM Financial Services, a pivotal component of the JM Financial Group with a legacy spanning 50 years, specializes in Investment Advisory and Wealth Management for non-institutional clients. With an impressive Average Daily Volume surpassing ₹38,000 crores and a vast clientele exceeding 10 Lakhs across 200 Indian cities and 4 overseas locations, JM Financials stands tall as an industry leader.

BlinkX intends to bring about a customer-centric approach through hyper personalisation and is aspiring to become India’s first glitch free app.

Products and services offered

The blinkX App is available for both Android and IOS users. It welcomes everyone to explore its advanced features even in guest mode. With the potential to be your comprehensive trading companion, this app caters to all your trading needs.

BlinkX facilitates trading in various segments, including:

Equity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Stock SIPYes

Products offered on the app

  • CNC (Cash & Carry) – Delivery based equity trades
  • MIS (Margin Intraday Square off) – Intraday trades in the equity and F&O
  • NRML (Normal F&O trades) – Intraday/overnight F&O trades without additional leverage
  • AMO (After Market Orders) – Orders for the next trading day the previous day itself.
  • MTF (Margin Trade Facility) – Carry forward trades on margin valid till 365 days

Order Types offered on the app

  • Market (MARKET) order – buy or sell order at the best available price.
  • Limit (LMT) order – buy or sell order at a predetermined price
  • Stoploss or trigger (SL-LMT and SL-MKT) order – Stoploss if placing a predetermined loss booking order at a trigger price.
  • Fund transfer and withdrawal in a single click. (UPI or Net banking)
  • Offer validity (DAY or IOC)

Other Trading and Investing Services

  • Systematic Investment Plan(SIP): You can initiate SIPs in stock with weekly and monthly Frequency. You can also choose the date of your SIPs.
  • Initial Public Offering (IPO): You can easily apply mainline for IPOs.
  • Curated Baskets (Coming Soon): Pre-set stock baskets at your disposal.
  • Research Calls (F&O Option Strategy, F&O Vanilla Option, F&O Technical Sort Term, Equity Ultra Short Term, Equity Short Term, Equity Long Term)
  • Predefined Option Strategy: Explore predefined strategies and execute with a single click.
  • Strategy Builder (Coming Soon): Use the payoff matrix to craft your own F&O strategies.
  • Scanner: Find various stocks classified by pre-set scanners on the app.

Customer ratings of Blinkx

Here’s a quick rundown of blinkX’s ratings

CriteriaRatings
Research & Advisory9.6/ 10
Brokerage Charges & Fees9.2/ 10
Products & Services9.8/ 10
Mobile Trading App9.7/ 10
Broking Experience9.6/ 10
Overall Rating9.4/ 10
Customer Rating (in stars)9.9/ 10

Account Opening at BlinkX

BlinkX provides an easy online account opening experience for its customers. The process is quick, user-friendly, and paperless. To initiate the trading and Demat account opening, users can simply download the BlinkX mobile app. You can also visit their website for more details.

Employing an advanced AI ML-based online system, BlinkX offers immediate feedback on user-submitted selfies, PAN cards, Aadhar cards, and signatures during the account opening process. This innovative system replaces the lengthy delays often associated with such procedures, enabling users to promptly address any discrepancies identified by the model.

While blinkX doesn’t facilitate offline account opening, its dedicated team is readily available for on-call assistance, guiding users through every step of the process.

Documet required

DocumentDetails
Identity ProofPAN Card
Address ProofAny one – Driving License, Voter ID, Passport, Aadhar Card, Bank statement, etc.
Signature ProofSignature on a blank document
Income ProofOnly in the case when the F&O segment is selected.Any one – Latest salary slip, ITR, Form 16, 6-month bank Statement, etc.

Blinkx Review on ₹999 ₹799 brokerage Plan and charges

General

Account Opening₹ 0
Account Maintenance Charges (AMC) only first year₹ 0

BlinkX Brokerage on Equity / Cash

Delivery Order₹ 0
Intraday Order₹ 0
IPO₹ 0
MTF (Margin Trade Facility)₹ 0
Participation in Buyback & OFS₹ 0

BlinkX Brokerage on Futures & Options*

Derivative Futures Intraday₹ 0
Derivative Futures Carry Forward₹ 0
Derivative Options Intraday₹ 0
Derivative Options Carry Forward₹ 0

BlinkX Brokerage on Currency*

Currency Futures Intraday₹ 0
Currency Futures Carry Forward₹ 0
Currency Options Intraday₹ 0
Currency Options Carry Forward₹ 0

Other features included

Call & Trade Charges₹ 50
Fund Transfer Charges₹ 10
Auto Square Off Charges₹ 50
Research Subscription Charges₹ 0

* Unlimited trading for 10 months is not applicable for segments – MCX and BSEFO

** Unlimited trading will have a capping as defined in subscription plan T&C

Review of blinkx ₹999 ₹799 subscription plan savings

Unlimited trading for 10 months

SegmentNo of Trades (per day)Discount Broker (per order)9 Months (Trading Days)Savings
Intraday102012324600
Delivery52012312300
NSE F&O102012324600
Currency102012324600
Total Savings86100

Other charges

Type of ChargesDescriptionPrice
Original Price of SubscriptionOriginal Price of Subscription₹ 999
Subscription at account openingNew discounted subscription price₹ 799
Subscription TenureThe length of the subscription will last for 9 months from the day of account opening9 months
DP AMC (1st/2nd year onwards)Account Maintenance Charges are free for the first year. Second year onwards it will be ₹ 300 annually₹ 0/ ₹ 300
Call and Trade charges (Per Order)Place your trades on call in case your app is inaccessible₹ 50
Payment gateway charges (Per transaction)Charges applied for transferring funds in to your trading account₹ 0
RMS square off charges (per ISIN)Square-off charges for intraday & carry forward trades₹ 50
Profile modifications (Per request)Charges for making changes to your profile including which segments you want to trade in₹ 0
Ledger and Statement Charges (Per request)Charges applied for requesting Ledgers or trading statements online₹ 0
Application for buy back & OFS (Offer for sale)Charges for applying in Offer for Sales or Buy Backs₹ 0
Research subscription chargesCharges applied for getting stock research and trading ideas₹ 0
Physical CMR ChargesPhysical Client Master Report Charges₹ 100
DP sell transaction chargesDepository Charges for Selling your holdings₹ 25
De-materlisation/Re-materliastionCharges for converting physical shares to digital/ Charges for converting digital shares to physical₹ 50/ ₹ 20
Cheque Bounce ChargesPenalty applied when cheques bounce₹ 350
Brokerage on Physical delivery of sharesBrokerage applied for delivery of Physical shares0.25%
MTF ChargesMargin Traded Fund charges are ₹ 11 per day for every ₹ 25000 debited₹ 11 for debit of ₹ 25000

Key Features Of BlinkX

Innovative Watchlist feature with various functionalities

  • The Watchlists display stock trends based on technical indicators.
  • The Heat Map view provides a visual representation of the watchlist’s performance, allowing filtering by ‘Alphabetically,’ ‘Absolute Value,’ and ‘Daily Performance.’
  • With the screen rotate option (landscape mode), users can view additional details about stocks in their watchlist, such as bid price, ask price, high, low, volume, etc. Customization options are available to display preferred metrics.
  • The ‘Options Watchlist’ automatically updates the spot price and presents three closest IN-THE-MONEY (ITM) and OUT-OF-THE-MONEY (OTM) strikes for both Call and Puts.
  • The watchlist includes an alert feature, highlighting stocks subject to news or events.
  • To trade, users can simply swipe right to buy or left to sell on a stock in the watchlist. This action directs them to the order details, where necessary changes can be made before swiping to execute the trade.

Customizable Dashboard as per client preference

  • Tailor your trading experience with customizable widgets, choosing from themes like ‘Screener,’ ‘Trading,’ or ‘Investing.’
  • Access all four headline indexes conveniently in one place.

Pre defined Scanners with logic

  • Easily find stocks sorted by key technical indicators like RSI, ADX, MACD, and Exponential Moving Average.
  • Dive into Future and Options stats to identify top gainers/losers, OI gainers/losers, and trends like Long/Short Build-up and Long/Short Unwinding.

Research Recommendation

  • Access daily research calls crafted by experts at JM Financials directly on your blinkX app.
  • Research is intelligently categorized based on instrument type (equity/derivative/currency) and time duration (short term/long term).
  • Explore research ideas presented with the scrip’s name, date, potential upside, and Stop Loss.
  • Easily place orders with just one click directly from the research section.

Real-time Portfolio Insights

  • Receive immediate updates on your portfolio’s performance in real-time.
  • Enjoy the convenience of dedicated F&O, Equity, and Currency portfolios for comprehensive tracking.
  • Easily segregate your holdings sector-wise, providing a clear and organized view of your investments.

Manage your holdings with precision

  • Benefit from dedicated holdings for CNC (Cash and Carry) stocks, ensuring a clear distinction from MTF (Margin Traded Funds) stocks.
  • Easily categorize and differentiate between stocks purchased in cash and those acquired using MTF, providing clarity and organization in your investment strategy

Pledge

  • Experience instant enhancement of your buying power with real-time pledge benefits.
  • Utilize this feature to maximize your trading potential and make the most of your investment opportunities.

Limits feature:

  • Receive real-time updates on your available margin for a smooth and efficient trading experience.
  • Stay on top of your trading limits to make strategic decisions and optimize your trading experience.

Other services offered

Instant WhatsApp Reports at Your Fingertips

Get instant access to 50+ trading reports sent directly to your WhatsApp. These reports cover a wide range, including:

  • Equity/Depository Reports
  • Portfolio Reports
  • Financial Reports
  • Mutual Fund Reports
  • Profile/Research Reports
  • Risk/Reports
  • Investment Reports

Receive detailed insights within each report, all delivered conveniently to your WhatsApp chat.

Live Chat for Instant Assistance

Engage in real-time conversations with blinkX’s agents during market hours. Just click on the Live Chat, and you’ll be redirected to a WhatsApp chat window, ensuring convenient and efficient communication with our representatives.

Enjoy easy access to the live chat feature directly through the application, connecting you with their knowledgeable agents ready to address your inquiries with expertise and efficiency. Experience seamless assistance with blinkX!

Personalized Support with Relationship Managers

Experience tailored assistance with blinkX’s dedicated Relationship Managers (RMs) who provide personalized support based on individual client needs.

Receive valuable investment guidance, insights, and recommendations to empower you in making informed decisions.

Stay informed with regular updates on market trends and portfolio performance, ensuring a proactive and personalized approach to your financial journey with blinkX!

Exceptional Customer Care Experience!

Enjoy a seamless customer care experience with BlinkX, where responsiveness is their focus. Expect swift and effective communication with our team, available across multiple channels, including phone, email, and live chat.

Experience a proactive approach to issue resolution, ensuring your concerns are addressed promptly and efficiently.

PhoneE-MailAddress
022-4581 2222[email protected]7th flr, Cynergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025

Twitter – https://twitter.com/getblinkx

Instagram – https://www.instagram.com/getblinkx/

Links related to BlinkX

Website Link
https://blinkX.in/

Google Play Store Link
https://play.google.com/store/apps/details?id=com.msf.blinktrade

App Store Link
https://apps.apple.com/in/app/blinkX-stocks-demat-account/id6450943353

FAQs about BlinkX Trading App

How can I open an account on BlinkX?

Opening an account is a breeze! Download the app, click on ‘Open an Account,’ or visit the website for a quick, paperless process.

What financial instruments can I trade on BlinkX?

blinkX offers a wide range of instruments, including stocks, options, bonds, IPOs, equity, derivatives, currency, and margin funding.

What are the charges for using BlinkX?

Opt for the popular 799 plan, offering unlimited brokerage-free trading across various segments for six months.

Can I customize my trading experience on BlinkX?

Absolutely! Tailor your dashboard with up to 10 customizable widgets, technical indicators, heatmaps, etc.

Is BlinkX suitable for beginners?

Yes! Whether you’re a seasoned investor or a beginner, blinkX provides a user-friendly interface, educational resources, and customer-first support.

What research tools are available on BlinkX?

Explore extensive research calls through X’plore pages, offering various research types and expert insights.

How can I contact customer support on BlinkX?

BlinkX ensures effective customer support through in-app chat, call, or ticket creation for assistance. You can call 022-45812222 or drop an email at [email protected]

Can I access BlinkX on different devices?

Yes, BlinkX is accessible on various devices. Download the app on your Apple or Android smartphone.

Is my account information secure on BlinkX?

BlinkX prioritizes information security, employing advanced encryption and strict measures to safeguard your data.

What makes BlinkX different from other trading platforms?

Their app stands out with customizable dashboards, extensive research, diverse trading options, and the backing of JM Financial’s 50 years of legacy, offering a holistic and reliable trading experience.

How long does it take for funds to be credited back to my bank account from the trading account?

Withdrawal requests placed between 9 am – 3:30 pm are credited on the same day; otherwise, they are processed the next day.

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