Is BlinkX safe for trading and long term investment? (2024)

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BlinkX Account Opening Enquiry

BlinkX - ₹799 Subscription Plan for 6 months with unlimited trading* (*T&C). Open Instant Account Now

BlinkX by JM Financial Services Ltd. is a safe and trustworthy company. JM Financial is a leading investment banking company in India and has a strong PAN India presence in over 195 cities. BlinkX offers various financial services and products such as Equity Trading, Currency Trading, Options and Futures.

JMFSL is a member of SEBI, BSE, NSE, NSDL and CDSL. You can open a demat account (CDSL) and a trading account using the BlinkX Trading App.

BlinkX allows its customers to trade on BSE and NSE.

BlinkX USP

Zero brokerage charges on delivery, intraday, currency trading and NSE F&O.
Two Unlimited trading plans: Rs. 999 799 subscription plan for 6 months and Rs. 399 199 subscription plan for 2 months.
Offers margin funding.
Free call and trade.
Free research calls.
Free Demat account opening.
Zero AMC for the first year.
One stop for all segments: Equity, Currency, F&O, IPO, Bonds, Buyback, OFS, and Mutual Funds.

Why BlinkX is safer than other brokers?

1. Technology-Focused Company

BlinkX is a technology-oriented company. It has a fast and secure trading application that can be accessed from mobile. BlinkX's online trading app has multiple layers of security and protection to prevent unauthorized trading or interruptions during your online trading.

2. Strong Parent Company

JM Financial Group started its operations in the financial sector as JM Financial & Investment Consultancy Services Pvt. Ltd. (JMFICS) in 1973 in Mumbai.

JM Financial is an integrated and diversified financial services group. The Group's principal businesses include investment banking (IB), mortgage lending, alternative and distressed credit and asset management, wealth management and securities.

The strong parent company increased the safety measures for BlinkX as it can help the company come out of bad circ*mstances.

3. Registered with Regulatory

JM Financial Services Ltd. is a member of SEBI, BSE, NSE, NSDL and CDSL and Blinkx is a brand under JMFSL.BlinkX offers to trade in Stocks, Equity Derivatives and Currency.

BlinkX Risks

1. Margin Trading Facility (MTF)

BlinkX offers its customers the option of margin trading. Margin trading is considered risky, as you only make a profit if the amount earned is higher than the margin. In addition, you may have to pay margin interest daily, regardless of whether you make a profit or a loss.

BlinkX Memberships

BlinkX provides demat services via JM Financial Services Ltd. and JMFSL is a member of CDSL. Blinkx allows you to trade in equities, equity derivatives, and currency segments. All stockbrokers offering trading services in India must register with SEBI and follow various guidelines. Similarly, stockbrokers must also get membership in the stock exchanges to give their customers access to the exchange platforms.

Please note that BlinkX does not open or maintain Demat accounts but acts as an intermediary between consumers and the CDSL.

JM Financial Services Ltd.'s various membership details are as follows:

Member: BSE / NSE (Cash, F&O, CD)
DP: IN-DP-541-2020
CDSL DP ID: IN-DP-541-2020
NSE Member ID: 10548
BSE Member ID: 325

Conclusion

BlinkX is a secure, reliable, trustworthy and reputable company with all the necessary certifications and memberships.

The company offers advanced technology and a top-notch trading application BlinkX Trading App to its customers. BlinkX offers unlimited brokerage plans for Rs 999 799 for 6 months and an Rs 399 199 plan for 2 months. The plans offer zero brokerage (NSE & BSE, NSE - F&O and currency segments), no annual maintenance charges (AMC) for the first year, free research calls for F&O and cash segments, no fund transfer charges, no square-off liquidation charges and no profile change charges.

The company strives to provide high-quality and reliable services through innovation and the use of technology and always aims to "protect the interests of investors".

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