Basan Equity Broking Vs Choice Broking
Basan Equity Broking
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.
Basan Equity Broking Vs Choice Broking - Broker Details
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2007 | 2010 |
| Exchanges | BSE, NSE, MCX, NSDL, and CDSL | NSE, BSE, MCX, NCDEX, and ICEX. |
| Branches | N/A | 50+ |
| Brokerage | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Broker Type | Full Service Broker | Full service Broker |
Basan Equity Broking Vs Choice Broking - Account Opening & AMC Charges
| Basan Equity Broking | 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) |
Basan Equity Broking Vs Choice Broking - Brokerage charges & Plans
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Commodity Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Currency Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Equity Delivery | Traditional Plan - 0.5% | Cash Zero Plan- ₹0 per order | 0.2% |
| Equity Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹25/Lot |
| Commodity Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹50/Lot |
| Equity Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Currency Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹20/Lot |
| Fixed Charges | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Equity Intraday | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
Basan Equity Broking Vs Choice Broking - Other Charges
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | - |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹25/Lot |
| Minimum Brokerage | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
Basan Equity Broking Vs Choice Broking - Transaction Charges
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Currency Options | NSE : 0.035% | BSE : 0.001% | NSE : Transaction Charges:- 0.035% | Clearing charge:- 0.002% |
| Equity Futures | 0.0020% | NSE: Exchange transaction charge:- 0.002% | Clearing charge:- 0.0005% |
| Equity Intraday | NSE : 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50) | NSE/BSE:- 0.00345% |
| Equity Options | 0.053% (on premium) | NSE: Exchange transaction charge:- 0.05% | Clearing charge:- 0.002% |
| Commodity | 0.0026% | 0.0013% (FAR MONTH CONTRACT) | Commodity option:- 0.05% | 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 | NSE : 0.0009% | BSE : 0.00022% | NSE: Transaction Charges:- 0.035% | Clearing charge:- 0.002% |
| Equity Delivery | NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50) | NSE/BSE:- 0.00345% |
Basan Equity Broking Vs Choice Broking - Margin (Exposure)
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 4x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal 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 Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Basan Equity Broking Vs Choice Broking - Features
| Basan Equity Broking | 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: 4:30PM | Commodity:-11:30 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. Cash Basan Mobile App, 2. Basan Online Web Platform, 3. Basan Desktop Trading Exe | 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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Basan Equity Broking Vs Choice Broking - Review & Rating
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Basan Equity Broking Vs Choice Broking - Request a call back from Broker
| Basan Equity Broking | Choice Broking | |
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Basan Equity Broking Vs Choice Broking - Investment Options
| Basan Equity Broking | 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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Basan Equity Broking Vs Choice Broking - Order Type
| Basan Equity Broking | 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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Basan Equity Broking Vs Choice Broking - Research & Report
| Basan Equity Broking | 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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Basan Equity Broking Vs Choice Broking - Daily Market Report
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Daily Market Reports & News |
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Basan Equity Broking Vs Choice Broking - Suitable For Investor
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Basan Equity Broking Vs Choice Broking - Pros & Cons
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Pros | 1. Professional Expertise 2. It has a strong hold on the southern part of India. 3. They offer offline branches as to serve their customers offline. 4. It provides various decent customer services to its customers. 5.Personalized Services, 6. Efficient Trading Platforms | 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.Market Volatility Risks 2. Dependency on Market Performance 3. The fortune trading is petty limited. 4. Exchange transactions charges are higher than other discount brokers. | 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. |
Basan Equity Broking Vs Choice Broking - Background
| Basan Equity Broking | Choice Broking | |
|---|---|---|
Basan Equity Broking Vs Choice Broking - Compare All Brokers
| Basan Equity Broking | Choice Broking | |
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Basan Equity Broking Vs Choice Broking - STT/CTT
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Commodity Futures | 0.01% on sell side | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sale side | 0.025% on the Sell Side |
| Equity Options | 0.05% on sell side (on premium) | Option Excised 0.125% | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% Buy & 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 |
Basan Equity Broking Vs Choice Broking - Demat transaction charges
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Equity Demat Transaction Charges | N/A | ₹10 + GST per scrip only on sell |
Basan Equity Broking Vs Choice Broking - GST
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charges + Clearing Charges) |
Basan Equity Broking Vs Choice Broking - SEBI Charges
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Basan Equity Broking Vs Choice Broking - Account Opening & AMC Charges
Basan Equity Broking
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)
Basan Equity Broking Vs Choice Broking
| Basan Equity Broking | Choice Broking | |
|---|---|---|
Basan Equity Broking Account Opening Process, Charges, and Details |
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 by .. |
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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.
Basan Equity Broking Vs Choice Broking - Brokerage charges & Plans
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Commodity Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Currency Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Equity Delivery | Traditional Plan - 0.5% | Cash Zero Plan- ₹0 per order | 0.2% |
| Equity Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹25/Lot |
| Commodity Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹50/Lot |
| Equity Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Currency Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹20/Lot |
| Fixed Charges | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
| Equity Intraday | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
Basan Equity Broking Vs Choice Broking - Margin (Exposure)
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 4x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal 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 Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Basan Equity Broking Vs Choice Broking - Other Charges
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | - |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹25/Lot |
| Minimum Brokerage | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | 0.02% |
Basan Equity Broking Vs Choice Broking - STT/CTT
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Commodity Futures | 0.01% on sell side | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sale side | 0.025% on the Sell Side |
| Equity Options | 0.05% on sell side (on premium) | Option Excised 0.125% | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% Buy & 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 |
Basan Equity Broking Vs Choice Broking - Demat transaction charges
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Equity Demat Transaction Charges | N/A | ₹10 + GST per scrip only on sell |
Basan Equity Broking Vs Choice Broking - GST
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charges + Clearing Charges) |
Basan Equity Broking Vs Choice Broking - SEBI Charges
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Basan Equity Broking Vs Choice Broking - Features
| Basan Equity Broking | Choice Broking | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| 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: 4:30PM | Commodity:-11:30 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. Cash Basan Mobile App, 2. Basan Online Web Platform, 3. Basan Desktop Trading Exe | 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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