STOCK BROKER REVIEW | INVESTING | UPCOMING IPO | ALGO TRADING | TECHNICAL ANALYSIS

Quick Comparision (Choice Broking VS Elite Wealth)

 
 

Choice Broking Vs Elite Wealth

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.


Elite Wealth

Choice Broking Vs Elite Wealth - Broker Details

Choice Broking Elite Wealth
Single Margin Facility
Year of Incorporation 2010 1990
Exchanges NSE, BSE, MCX, NCDEX, and ICEX. NSE, BSE, MCX and NCDEX
Branches 50+ N/A
Brokerage 0.02% 0.03%
Broker Type Full service Broker Full Service Broker

Choice Broking Vs Elite Wealth - Account Opening & AMC Charges

Choice Broking Elite Wealth
Trading Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account AMC ₹200+GST ( 2nd Year onwards) First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC ₹0 (Free) ₹0 (Free)

Choice Broking Vs Elite Wealth - Brokerage charges & Plans

Choice Broking Elite Wealth
Commodity Futures 0.02% 0.03%
Currency Futures 0.02% 0.03%
Equity Delivery 0.2% 0.33%
Equity Options ₹25/Lot ₹33 per Lot
Commodity Options ₹50/Lot 0.03%
Equity Futures 0.02% 0.03%
Currency Options ₹20/Lot ₹33 per Lot
Fixed Charges 0.02% 0.03%
Equity Intraday 0.02% 0.03%

Choice Broking Vs Elite Wealth - Other Charges

Choice Broking Elite Wealth
RMS Square Off Charge ₹0 (Free) ₹0 (Free)
API Charges - ₹0 (Free)
Call & Trade Charges ₹0 (Free) ₹0 (Free)
Other Brokerage Charges ₹25/Lot 0.03%
Minimum Brokerage 0.02% 0.03%

Choice Broking Vs Elite Wealth - Transaction Charges

Choice Broking Elite Wealth
Currency Options NSE : Transaction Charges:- 0.035% | Clearing charge:- 0.002% NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025%
Equity Futures NSE: Exchange transaction charge:- 0.002% | Clearing charge:- 0.0005% NSE: 0.00195% on Total Turnover value
Equity Intraday NSE/BSE:- 0.00345% NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
Equity Options NSE: Exchange transaction charge:- 0.05% | Clearing charge:- 0.002% NSE: 0.053% on Premium value
Commodity 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% Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN
Currency Futures NSE: Transaction Charges:- 0.035% | Clearing charge:- 0.002% NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004%
Equity Delivery NSE/BSE:- 0.00345% NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%

Choice Broking Vs Elite Wealth - Margin (Exposure)

Choice Broking Elite Wealth
Equity Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of Normal 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 Normal margin (Span + exposure))
Commodity Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of Normal margin (Span + Exposure))
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of Normal 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 Normal margin (Span + exposure))
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of Normal margin (Span + Exposure))

Choice Broking Vs Elite Wealth - Features

Choice Broking Elite Wealth
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:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund

Choice Broking Vs Elite Wealth - Review & Rating

Choice Broking Elite Wealth
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating

Choice Broking Vs Elite Wealth - Request a call back from Broker

Choice Broking Elite Wealth

Choice Broking Vs Elite Wealth - Investment Options

Choice Broking Elite Wealth
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD

Choice Broking Vs Elite Wealth - Order Type

Choice Broking Elite Wealth
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT

Choice Broking Vs Elite Wealth - Research & Report

Choice Broking Elite Wealth
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts

Choice Broking Vs Elite Wealth - Daily Market Report

Choice Broking Elite Wealth
Daily Market Reports & News

Choice Broking Vs Elite Wealth - Suitable For Investor

Choice Broking Elite Wealth
Casual Investor
Active Investor
Trader

Choice Broking Vs Elite Wealth - Pros & Cons

Choice Broking Elite Wealth
Pros 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. 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days
Cons 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. 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading.

Choice Broking Vs Elite Wealth - Background

Choice Broking Elite Wealth

Choice Broking Vs Elite Wealth - Compare All Brokers

Choice Broking Elite Wealth

Choice Broking Vs Elite Wealth - STT/CTT

Choice Broking Elite Wealth
Commodity Futures 0.01% on sell side (Non-Agri) 0.01% on Sell Side Non-Agri
Currency Futures No STT No STT
Equity Intraday 0.025% on the Sell Side 0.025% on Sell
Equity Options 0.05% on Sell Side(on Premium) 0.05% on Sell (on Premium)
Currency Options No STT No STT
Equity Delivery 0.1% on both Buy and Sell 0.1% on both buy & Sell
Equity Futures 0.01% on Sell Side 0.01 % on Sell
Commodity Options 0.05% on sell side 0.05% on Sell Side

Choice Broking Vs Elite Wealth - Demat transaction charges

Choice Broking Elite Wealth
Equity Demat Transaction Charges ₹10 + GST per scrip only on sell No Charges

Choice Broking Vs Elite Wealth - GST

Choice Broking Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO) 18% on (Brokerage + Transaction Charges + Clearing Charges) 18% on (Brokerage + Transaction Charge)

Choice Broking Vs Elite Wealth - SEBI Charges

Choice Broking Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/Crore ₹10/Crore

Choice Broking Vs Elite Wealth - Account Opening & AMC Charges

Choice Broking
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹200+GST ( 2nd Year onwards)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
 

Choice Broking Vs Elite Wealth

Choice Broking Elite Wealth
 

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 by ..
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Elite Wealth Review | Products and Trading Platforms 

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Elite Wealth

Choice Broking Vs Elite Wealth - Brokerage charges & Plans

Choice Broking Elite Wealth
Commodity Futures 0.02% 0.03%
Currency Futures 0.02% 0.03%
Equity Delivery 0.2% 0.33%
Equity Options ₹25/Lot ₹33 per Lot
Commodity Options ₹50/Lot 0.03%
Equity Futures 0.02% 0.03%
Currency Options ₹20/Lot ₹33 per Lot
Fixed Charges 0.02% 0.03%
Equity Intraday 0.02% 0.03%

Choice Broking Vs Elite Wealth - Margin (Exposure)

Choice Broking Elite Wealth
Equity Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of Normal 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 Normal margin (Span + exposure))
Commodity Options 1x (100% of NRML margin (Span + Exposure) 1x (100% of Normal margin (Span + Exposure))
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of Normal 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 Normal margin (Span + exposure))
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of Normal margin (Span + Exposure))

Choice Broking Vs Elite Wealth - Other Charges

Choice Broking Elite Wealth
RMS Square Off Charge ₹0 (Free) ₹0 (Free)
API Charges - ₹0 (Free)
Call & Trade Charges ₹0 (Free) ₹0 (Free)
Other Brokerage Charges ₹25/Lot 0.03%
Minimum Brokerage 0.02% 0.03%

Choice Broking Vs Elite Wealth - STT/CTT

Choice Broking Elite Wealth
Commodity Futures 0.01% on sell side (Non-Agri) 0.01% on Sell Side Non-Agri
Currency Futures No STT No STT
Equity Intraday 0.025% on the Sell Side 0.025% on Sell
Equity Options 0.05% on Sell Side(on Premium) 0.05% on Sell (on Premium)
Currency Options No STT No STT
Equity Delivery 0.1% on both Buy and Sell 0.1% on both buy & Sell
Equity Futures 0.01% on Sell Side 0.01 % on Sell
Commodity Options 0.05% on sell side 0.05% on Sell Side

Choice Broking Vs Elite Wealth - Demat transaction charges

Choice Broking Elite Wealth
Equity Demat Transaction Charges ₹10 + GST per scrip only on sell No Charges

Choice Broking Vs Elite Wealth - GST

Choice Broking Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO) 18% on (Brokerage + Transaction Charges + Clearing Charges) 18% on (Brokerage + Transaction Charge)

Choice Broking Vs Elite Wealth - SEBI Charges

Choice Broking Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/Crore ₹10/Crore

Choice Broking Vs Elite Wealth - Features

Choice Broking Elite Wealth
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:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund

Choice Broking

Elite Wealth