Groww Vs Choice Broking
Groww
Groww Review gives an overall view of the updates about the Brokerage Charges, Margin, Updated Trading Software 2024, We can also review Groww Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Choice Broking
Choice Broking is a full service Broker. Choice Broking Review 2024 gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Groww Vs Choice Broking - Broker Details
| Groww | Choice Broking | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2016 | 2010 |
| Exchanges | NSE and BSE. | NSE, BSE, MCX, NCDEX, and ICEX. |
| Branches | Zero | 50+ |
| Brokerage | ₹20/ Order | 0.02% |
| Broker Type | Discount Broker | Full service Broker |
Groww Vs Choice Broking - Account Opening & AMC Charges
| Groww | Choice Broking | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹200+GST ( 2nd Year onwards) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Groww Vs Choice Broking - Brokerage charges & Plans
| Groww | Choice Broking | |
|---|---|---|
| Commodity Futures | N/A | 0.02% |
| Currency Futures | N/A | 0.02% |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.2% |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | ₹25/Lot |
| Commodity Options | N/A | ₹50/Lot |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.02% |
| Currency Options | N/A | ₹20/Lot |
| Fixed Charges | ₹20/ Order | 0.02% |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.02% |
Groww Vs Choice Broking - Other Charges
| Groww | Choice Broking | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | - |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order or 0.05% | ₹25/Lot |
| Minimum Brokerage | ₹20/ Order | 0.02% |
Groww Vs Choice Broking - Transaction Charges
| Groww | Choice Broking | |
|---|---|---|
| Currency Options | N/A | NSE : Transaction Charges:- 0.035% | Clearing charge:- 0.002% |
| Equity Futures | NSE:- 0.002% | NSE: Exchange transaction charge:- 0.002% | Clearing charge:- 0.0005% |
| Equity Intraday | NSE:- 0.00345% | BSE:- 0.00345% | NSE/BSE:- 0.00345% |
| Equity Options | NSE:- 0.053% on premium | NSE: Exchange transaction charge:- 0.05% | Clearing charge:- 0.002% |
| Commodity | N/A | Future Exchange txn charge:- 0.0026% | Clearing charge: 0.0003% | RMS Charge 0.005% (Only NCDEX) || Option:- Exchange txn charge:- 0.05% | Clearing charge :- 0.002% |
| Currency Futures | N/A | NSE: Transaction Charges:- 0.035% | Clearing charge:- 0.002% |
| Equity Delivery | NSE:- 0.00345% | BSE:-0.00345% | NSE/BSE:- 0.00345% |
Groww Vs Choice Broking - Margin (Exposure)
| Groww | Choice Broking | |
|---|---|---|
| Equity Options | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x | 1x (100% of NRML margin (Span + Exposure) |
Groww Vs Choice Broking - Features
| Groww | Choice Broking | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Groww Vs Choice Broking - Review & Rating
| Groww | Choice Broking | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Groww Vs Choice Broking - Request a call back from Broker
| Groww | Choice Broking | |
|---|---|---|
Groww Vs Choice Broking - Investment Options
| Groww | Choice Broking | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Groww Vs Choice Broking - Order Type
| Groww | Choice Broking | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Groww Vs Choice Broking - Research & Report
| Groww | Choice Broking | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Groww Vs Choice Broking - Daily Market Report
| Groww | Choice Broking | |
|---|---|---|
| Daily Market Reports & News |
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Groww Vs Choice Broking - Suitable For Investor
| Groww | Choice Broking | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Groww Vs Choice Broking - Pros & Cons
| Groww | Choice Broking | |
|---|---|---|
| Pros | 1.Commission free investment for customer. 2.Transparent without any hidden charges. 3. Upto 1.5% extra returns on direct mutual funds. 4.Provide facility to invest in US stocks, Gold and ETFs. 5.Online IPO application. 6.Zero charges on direct mutual funds 7. Very simple and intuitive UI. 8. Offers a wide range of premium features. 9.SEBI registered advisor in the name of Finvantage Investment Advisor Pvt Ltd. 10. In-built customer support section or directly email them on support@groww.in. 11.Groww also has a live chat option. | 1. It offers a broad range of investment products. 2. It has a simple trading platform and offers it to the customers. 3. It offers various multiple AMC plans to its customers that provides lifetime AMC and refundable AMC options. 4. It has a proactive and prompt customer service. 5. It has an instant and paperless demat account opening process. 6. Choice broking has an excellent margin trading facility service to its customers. 7. The research call provided by the brokers has 78% accuracy ratio. |
| Cons | 1.Dilution in the name of diversification. 2.Due to higher cost of some mutual funds, so mutual funds charge for managing the funds, fund manager salary, distribution cost etc. 3.It does not suit customers with unpredictable cash flows. 4.Customer is unable to analyse funds technically and in-depth. | 1. The Choice Broker does not allow to open a three-in-one account services to its customers. 2. It has no flexible brokerage plans. 3. The broker does not provide Margin Calculator. 4. It does not provide an in-house trading terminal. |
Groww Vs Choice Broking - Background
| Groww | Choice Broking | |
|---|---|---|
Groww Vs Choice Broking - Compare All Brokers
| Groww | Choice Broking | |
|---|---|---|
Groww Vs Choice Broking - STT/CTT
| Groww | Choice Broking | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the Sell Side |
| Equity Options | 0.05% only on sell | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% only on sell | 0.01% on Sell Side |
| Commodity Options | N/A | 0.05% on sell side |
Groww Vs Choice Broking - Demat transaction charges
| Groww | Choice Broking | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | ₹10 + GST per scrip only on sell |
Groww Vs Choice Broking - GST
| Groww | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charges + Clearing Charges) |
Groww Vs Choice Broking - SEBI Charges
| Groww | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs Choice Broking - Account Opening & AMC Charges
Groww
Choice Broking
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹200+GST ( 2nd Year onwards)
Trading Account AMC
₹0 (Free)
₹0 (Free)
Groww Vs Choice Broking
| Groww | Choice Broking | |
|---|---|---|
Groww Review | Brokerage Charges, Account OpeningGroww is an Indian SEBI registered stockbroker that targets first time investor and millennials. Groww established in April 2016 in Bangalore as a brand of Nextbillion Technology Private Limited. In the mid of 2024s, Groww broker review has expanded its services and started stocks investing service on its platform. Groww application .. + " Vs "+ Choice Broking |
Choice Broking Review | Brokerage Charges, Account OpeningChoice Equity Broking Private Limited is a Mumbai-based full-service stock broking firm and Choice broking established in 2010. Choice broking firm is a subsidiary of a publicly listed financial service provider organization named as Choice International Limited. It was formerly providing tis financial services since 1993 b .. |
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Choice Broking
Choice Broking is a full service Broker. Choice Broking Review 2024 gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Groww Vs Choice Broking - Brokerage charges & Plans
| Groww | Choice Broking | |
|---|---|---|
| Commodity Futures | N/A | 0.02% |
| Currency Futures | N/A | 0.02% |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.2% |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | ₹25/Lot |
| Commodity Options | N/A | ₹50/Lot |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.02% |
| Currency Options | N/A | ₹20/Lot |
| Fixed Charges | ₹20/ Order | 0.02% |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.02% |
| Call Back Open Account |
Groww Vs Choice Broking - Margin (Exposure)
| Groww | Choice Broking | |
|---|---|---|
| Equity Options | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Groww Vs Choice Broking - Other Charges
| Groww | Choice Broking | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | - |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order or 0.05% | ₹25/Lot |
| Minimum Brokerage | ₹20/ Order | 0.02% |
Groww Vs Choice Broking - STT/CTT
| Groww | Choice Broking | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the Sell Side |
| Equity Options | 0.05% only on sell | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% only on sell | 0.01% on Sell Side |
| Commodity Options | N/A | 0.05% on sell side |
Groww Vs Choice Broking - Demat transaction charges
| Groww | Choice Broking | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | ₹10 + GST per scrip only on sell |
Groww Vs Choice Broking - GST
| Groww | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charges + Clearing Charges) |
Groww Vs Choice Broking - SEBI Charges
| Groww | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs Choice Broking - Features
| Groww | Choice Broking | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |