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Comparision (ICICI Direct VS Choice Broking)

 

ICICI Direct Vs Choice Broking

ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, 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.

ICICI Direct Vs Choice Broking - Broker Details

ICICI Direct Choice Broking
Single Margin Facility
Year of Incorporation 1995 2010
Exchanges BSE and NSE. NSE, BSE, MCX, NCDEX, and ICEX.
Branches 250+ 50+
Brokerage Prime Plan: ₹900/- 0.02%
Broker Type Full service Broker Full service Broker
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ICICI Direct Vs Choice Broking - Account Opening & AMC Charges

ICICI Direct Choice Broking
Trading Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account AMC ₹700 (From 2nd Year) | ₹300 for Neo Customers ₹200+GST ( 2nd Year onwards)
Trading Account AMC ₹0 (Free) ₹0 (Free)
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ICICI Direct Vs Choice Broking - Brokerage charges & Plans

ICICI Direct Choice Broking
Commodity Futures ₹20/ Order 0.02%
Currency Futures ₹20/ Order 0.02%
Equity Delivery ₹0.09% 0.2%
Equity Options ₹20/ Order ₹25/Lot
Commodity Options ₹20/ Order ₹50/Lot
Equity Futures ₹20/ Order 0.02%
Currency Options ₹20/ Order ₹20/Lot
Fixed Charges ₹20/ Order 0.02%
Equity Intraday ₹20/ Order 0.02%
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ICICI Direct Vs Choice Broking - Other Charges

ICICI Direct Choice Broking
RMS Square Off Charge ₹50/ Order ₹0 (Free)
API Charges ₹0 (Free) -
Call & Trade Charges ₹50/ Order ₹0 (Free)
Other Brokerage Charges Prime Plan: ₹900/- ₹25/Lot
Minimum Brokerage ₹20/ Order 0.02%
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ICICI Direct Vs Choice Broking - Transaction Charges

ICICI Direct Choice Broking
Currency Options Exchange turnover charge: 0.04% |Clearing charge: 0.025% 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% NSE: Exchange transaction charge:- 0.05% | Clearing charge:- 0.002%
Commodity Non-Agri: Exchange turnover charge: 0.0026% 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 Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% NSE: Transaction Charges:- 0.035% | Clearing charge:- 0.002%
Equity Delivery 0.00345% trade on buy & sell NSE/BSE:- 0.00345%
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ICICI Direct Vs Choice Broking - Margin (Exposure)

ICICI Direct Choice Broking
Equity Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Intraday 5x (Up to 20% of trade value) 5x (Up to 20% of trade value)
Currency Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Commodity Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (100% of trade value) 1x (100% of trade value)
Currency Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
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ICICI Direct Vs Choice Broking - Features

ICICI Direct Choice Broking
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM
Trading Platform 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment).
SMS Alerts for Trades
Direct Mutual Fund
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ICICI Direct Vs Choice Broking - Review & Rating

ICICI Direct Choice Broking
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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ICICI Direct Vs Choice Broking - Request a call back from Broker

ICICI Direct Choice Broking
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ICICI Direct Vs Choice Broking - Investment Options

ICICI Direct Choice Broking
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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ICICI Direct Vs Choice Broking - Order Type

ICICI Direct Choice Broking
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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ICICI Direct Vs Choice Broking - Research & Report

ICICI Direct Choice Broking
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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ICICI Direct Vs Choice Broking - Daily Market Report

ICICI Direct Choice Broking
Daily Market Reports & News
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ICICI Direct Vs Choice Broking - Suitable For Investor

ICICI Direct Choice Broking
Casual Investor
Active Investor
Trader
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ICICI Direct Vs Choice Broking - Pros & Cons

ICICI Direct Choice Broking
Pros 1. It facilitates its customers by providing an integrated three-in-one account. 2. ICICI direct manages the customer’s demat and bank accounts by transferring the money to the broker’s pool or toward deposits. 3. The investments can be made in online in IPOs, Mutual Funds, GOI Funds and the postal savings schemes all of it from one website. 4. It allows trading at both the national exchanges i.e. NSE and BSE. 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. The brokerage of ICICI direct is high and not negotiable. 2. It does not offer commodity trading. 3. The minimum brokerage as the standard I-Secure plan is ₹20/Order that is high for the traders making small trades. 4. ICICI Direct provides ₹0.05 per share brokerage on the stocks quoting up to ₹10. It becomes difficult to trade in the penny stocks. 5. It charges ₹50 per call for the call and trader after first 20 free calls in a month. 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.
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ICICI Direct Vs Choice Broking - Background

ICICI Direct Choice Broking
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ICICI Direct Vs Choice Broking - Compare All Brokers

ICICI Direct Choice Broking
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ICICI Direct Vs Choice Broking - STT/CTT

ICICI Direct Choice Broking
Commodity Futures 0.01% on sell side (Non-Agri) 0.01% on sell side (Non-Agri)
Currency Futures No STT No STT
Equity Intraday NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group 0.025% on the Sell Side
Equity Options 0.05% on Sell Side(on Premium) 0.05% on Sell Side(on Premium)
Currency Options No STT No STT
Equity Delivery 0.1% on both Buy and Sell 0.1% on both Buy and Sell
Equity Futures 0.01% on Sell Side 0.01% on Sell Side
Commodity Options 0.05% on sell side 0.05% on sell side
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ICICI Direct Vs Choice Broking - Demat transaction charges

ICICI Direct Choice Broking
Equity Demat Transaction Charges Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) ₹10 + GST per scrip only on sell
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ICICI Direct Vs Choice Broking - GST

ICICI Direct Choice Broking
Equity/Currencies/Commodities ( Delivery & FNO) 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charges + Clearing Charges)
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ICICI Direct Vs Choice Broking - SEBI Charges

ICICI Direct Choice Broking
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/Crore ₹10/Crore
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ICICI Direct Vs Choice Broking - Account Opening & AMC Charges

ICICI Direct
Choice Broking
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹700 (From 2nd Year) | ₹300 for Neo Customers
₹200+GST ( 2nd Year onwards)
Trading Account AMC
₹0 (Free)
₹0 (Free)

ICICI Direct Vs Choice Broking

ICICI Direct Choice Broking
 

ICICI Direct Review | Brokerage Charges, Account Opening

With ICICIdirect, you can access retail trading and investment services from India's largest and most trusted stock broker, ICICI securities. It offers customers diverse online trading and investment services through its ICICIdirect platform.

Choice Broking Review | Brokerage Charges, Account Opening


Choice 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 ..
 
 

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.

ICICI Direct Vs Choice Broking - Brokerage charges & Plans

ICICI Direct Choice Broking
Commodity Futures ₹20/ Order 0.02%
Currency Futures ₹20/ Order 0.02%
Equity Delivery ₹0.09% 0.2%
Equity Options ₹20/ Order ₹25/Lot
Commodity Options ₹20/ Order ₹50/Lot
Equity Futures ₹20/ Order 0.02%
Currency Options ₹20/ Order ₹20/Lot
Fixed Charges ₹20/ Order 0.02%
Equity Intraday ₹20/ Order 0.02%
Call Back Open Account Call Back with Choice Broking Enquiry with Choice Broking

ICICI Direct Vs Choice Broking - Margin (Exposure)

ICICI Direct Choice Broking
Equity Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Intraday 5x (Up to 20% of trade value) 5x (Up to 20% of trade value)
Currency Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Commodity Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (100% of trade value) 1x (100% of trade value)
Currency Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Call Back Open Account Call Back with Choice Broking Enquiry with Choice Broking

ICICI Direct Vs Choice Broking - Other Charges

ICICI Direct Choice Broking
RMS Square Off Charge ₹50/ Order ₹0 (Free)
API Charges ₹0 (Free) -
Call & Trade Charges ₹50/ Order ₹0 (Free)
Other Brokerage Charges Prime Plan: ₹900/- ₹25/Lot
Minimum Brokerage ₹20/ Order 0.02%
Call Back Open Account Call Back with Choice Broking Enquiry with Choice Broking

ICICI Direct Vs Choice Broking - STT/CTT

ICICI Direct Choice Broking
Commodity Futures 0.01% on sell side (Non-Agri) 0.01% on sell side (Non-Agri)
Currency Futures No STT No STT
Equity Intraday NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group 0.025% on the Sell Side
Equity Options 0.05% on Sell Side(on Premium) 0.05% on Sell Side(on Premium)
Currency Options No STT No STT
Equity Delivery 0.1% on both Buy and Sell 0.1% on both Buy and Sell
Equity Futures 0.01% on Sell Side 0.01% on Sell Side
Commodity Options 0.05% on sell side 0.05% on sell side
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ICICI Direct Vs Choice Broking - Demat transaction charges

ICICI Direct Choice Broking
Equity Demat Transaction Charges Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) ₹10 + GST per scrip only on sell
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ICICI Direct Vs Choice Broking - GST

ICICI Direct Choice Broking
Equity/Currencies/Commodities ( Delivery & FNO) 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charges + Clearing Charges)
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ICICI Direct Vs Choice Broking - SEBI Charges

ICICI Direct Choice Broking
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/Crore ₹10/Crore
Call Back Open Account Call Back with Choice Broking Enquiry with Choice Broking

ICICI Direct Vs Choice Broking - Features

ICICI Direct Choice Broking
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM
Trading Platform 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment).
SMS Alerts for Trades
Direct Mutual Fund
Call Back Open Account Call Back with Choice Broking Enquiry with Choice Broking

ICICI Direct

Choice Broking