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

Quick Comparision (Choice Broking VS Upstox)

 
 

Choice Broking Vs Upstox

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.


Upstox
Upstox is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix. Upstox provides many more rich trading features like trading, analysis, charter and etc. It provides ease to place orders through phones and browsers. Upstox provides a completely Upstox Free trading account and free trading as well in Equity Delivery Segment. Upstox refer and earn review program is also available in which you can refer your friends to trading with Upstox.

Choice Broking Vs Upstox - Broker Details

Choice Broking Upstox
Single Margin Facility
Year of Incorporation 2010 2009
Exchanges NSE, BSE, MCX, NCDEX, and ICEX. BSE, NSE and MCX
Branches 50+ Zero
Brokerage 0.02% ₹20/ Order or 0.05% (Whichever is lower)
Broker Type Full service Broker Discount Broker
Call Back Open Account

Choice Broking Vs Upstox - Account Opening & AMC Charges

Choice Broking Upstox
Trading Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account AMC ₹200+GST ( 2nd Year onwards) ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Call Back Open Account

Choice Broking Vs Upstox - Brokerage charges & Plans

Choice Broking Upstox
Commodity Futures 0.02% ₹20/ Order or 0.05% (whichever is lower)
Currency Futures 0.02% ₹20/ Order or 0.05% (whichever is lower)
Equity Delivery 0.2% ₹20/ Order or 2.5% (whichever is lower)
Equity Options ₹25/Lot ₹20/ Order
Commodity Options ₹50/Lot ₹20/ Order
Equity Futures 0.02% ₹20/ Order or 0.05% (whichever is lower)
Currency Options ₹20/Lot ₹20/ Order
Fixed Charges 0.02% ₹20/ Order
Equity Intraday 0.02% ₹20/ Order or 0.05% (whichever is lower)
Call Back Open Account

Choice Broking Vs Upstox - Other Charges

Choice Broking Upstox
RMS Square Off Charge ₹0 (Free) (₹50 + GST)
API Charges - ₹0 (Free)
Call & Trade Charges ₹0 (Free) (₹50 + GST)
Other Brokerage Charges ₹25/Lot ₹20/ Order or 0.05% ( Whichever is lower)
Minimum Brokerage 0.02% ₹20/ Order
Call Back Open Account

Choice Broking Vs Upstox - Transaction Charges

Choice Broking Upstox
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: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002%
Equity Intraday NSE/BSE:- 0.00345% NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group
Equity Options NSE: Exchange transaction charge:- 0.05% | Clearing charge:- 0.002% NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005%
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: Exchange turnover charge: 0.0026%
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: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group
Call Back Open Account

Choice Broking Vs Upstox - Margin (Exposure)

Choice Broking Upstox
Equity Options 1x (100% of NRML margin (Span + Exposure) Option Sell: 1x | Option Buying: No Margin
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 margins(SPAN + Exposure)
Commodity Options 1x (100% of NRML margin (Span + Exposure) Option Sell: 1x | Option Buying: No Margin
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (100% of trade value) 1x (no margin)
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

Choice Broking Vs Upstox - Features

Choice Broking Upstox
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 Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM
Trading Platform 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). 1.Pro Web (Web-based trading platform) 2.Pro Mobile (mobile trading application) 3.Algo Lab (bridge for Amibroker) 4.Option Strategy Builder 5.Order Generator
SMS Alerts for Trades
Direct Mutual Fund
Call Back Open Account

Choice Broking Vs Upstox - Review & Rating

Choice Broking Upstox
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
Call Back Open Account

Choice Broking Vs Upstox - Request a call back from Broker

Choice Broking Upstox
Call Back Open Account

Choice Broking Vs Upstox - Investment Options

Choice Broking Upstox
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
Call Back Open Account

Choice Broking Vs Upstox - Order Type

Choice Broking Upstox
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
Call Back Open Account

Choice Broking Vs Upstox - Research & Report

Choice Broking Upstox
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
Call Back Open Account

Choice Broking Vs Upstox - Daily Market Report

Choice Broking Upstox
Daily Market Reports & News
Call Back Open Account

Choice Broking Vs Upstox - Suitable For Investor

Choice Broking Upstox
Casual Investor
Active Investor
Trader
Call Back Open Account

Choice Broking Vs Upstox - Pros & Cons

Choice Broking Upstox
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.Brokerage free trading in Equity delivery segment. 2. For customers convenience, mobile trading app is available. 3. Both web and mobile has After Market Order (AMO), (CO) or (OCO) order. 4. Availability of stop loss in both web and mobile. 5. Availability of multiple indicators to monitor market. 6. Upstox bridge for Amibroker helps to code and execute the trading strategies. 7. Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. 8.Availability of Margin against shares.
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. Unavailability of unlimited monthly trading plans. 2.Extra charge of call and trade fee on per executed order. 3. In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. 4. No provision for stock tips and recommendations. 5. Unavailability of 3 in 1 account. 6. Customer support is time constraint. 7.Unavailability of margin funding on delivery trades.
Call Back Open Account

Choice Broking Vs Upstox - Background

Choice Broking Upstox
Call Back Open Account

Choice Broking Vs Upstox - Compare All Brokers

Choice Broking Upstox
Call Back Open Account

Choice Broking Vs Upstox - STT/CTT

Choice Broking Upstox
Commodity Futures 0.01% on sell side (Non-Agri) 0.01% on sell trade (Non-Agri)
Currency Futures No STT No STT
Equity Intraday 0.025% on the Sell Side 0.025% only on sell
Equity Options 0.05% on Sell Side(on Premium) 0.05% only on sell
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% only on sell
Commodity Options 0.05% on sell side 0.05% on sell trade
Call Back Open Account

Choice Broking Vs Upstox - Demat transaction charges

Choice Broking Upstox
Equity Demat Transaction Charges ₹10 + GST per scrip only on sell Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell
Call Back Open Account

Choice Broking Vs Upstox - GST

Choice Broking Upstox
Equity/Currencies/Commodities ( Delivery & FNO) 18% on (Brokerage + Transaction Charges + Clearing Charges) 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges)
Call Back Open Account

Choice Broking Vs Upstox - SEBI Charges

Choice Broking Upstox
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/Crore ₹10/ Crore
Call Back Open Account

Choice Broking Vs Upstox - Account Opening & AMC Charges

Choice Broking
Upstox
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹200+GST ( 2nd Year onwards)
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
 

Choice Broking Vs Upstox

Choice Broking Upstox
 

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 ..
+ " Vs "+ Upstox

Upstox Review 2024 - Brokerage Charges, Account Opening, Margin

Upstox (which was earlier known as RKSV securities) is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix.

 
 

Upstox
Upstox is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix. Upstox provides many more rich trading features like trading, analysis, charter and etc. It provides ease to place orders through phones and browsers. Upstox provides a completely Upstox Free trading account and free trading as well in Equity Delivery Segment. Upstox refer and earn review program is also available in which you can refer your friends to trading with Upstox.

Choice Broking Vs Upstox - Brokerage charges & Plans

Choice Broking Upstox
Commodity Futures 0.02% ₹20/ Order or 0.05% (whichever is lower)
Currency Futures 0.02% ₹20/ Order or 0.05% (whichever is lower)
Equity Delivery 0.2% ₹20/ Order or 2.5% (whichever is lower)
Equity Options ₹25/Lot ₹20/ Order
Commodity Options ₹50/Lot ₹20/ Order
Equity Futures 0.02% ₹20/ Order or 0.05% (whichever is lower)
Currency Options ₹20/Lot ₹20/ Order
Fixed Charges 0.02% ₹20/ Order
Equity Intraday 0.02% ₹20/ Order or 0.05% (whichever is lower)
Call Back Open Account

Choice Broking Vs Upstox - Margin (Exposure)

Choice Broking Upstox
Equity Options 1x (100% of NRML margin (Span + Exposure) Option Sell: 1x | Option Buying: No Margin
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 margins(SPAN + Exposure)
Commodity Options 1x (100% of NRML margin (Span + Exposure) Option Sell: 1x | Option Buying: No Margin
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (100% of trade value) 1x (no margin)
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

Choice Broking Vs Upstox - Other Charges

Choice Broking Upstox
RMS Square Off Charge ₹0 (Free) (₹50 + GST)
API Charges - ₹0 (Free)
Call & Trade Charges ₹0 (Free) (₹50 + GST)
Other Brokerage Charges ₹25/Lot ₹20/ Order or 0.05% ( Whichever is lower)
Minimum Brokerage 0.02% ₹20/ Order

Choice Broking Vs Upstox - STT/CTT

Choice Broking Upstox
Commodity Futures 0.01% on sell side (Non-Agri) 0.01% on sell trade (Non-Agri)
Currency Futures No STT No STT
Equity Intraday 0.025% on the Sell Side 0.025% only on sell
Equity Options 0.05% on Sell Side(on Premium) 0.05% only on sell
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% only on sell
Commodity Options 0.05% on sell side 0.05% on sell trade

Choice Broking Vs Upstox - Demat transaction charges

Choice Broking Upstox
Equity Demat Transaction Charges ₹10 + GST per scrip only on sell Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell

Choice Broking Vs Upstox - GST

Choice Broking Upstox
Equity/Currencies/Commodities ( Delivery & FNO) 18% on (Brokerage + Transaction Charges + Clearing Charges) 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges)

Choice Broking Vs Upstox - SEBI Charges

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

Choice Broking Vs Upstox - Features

Choice Broking Upstox
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 Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM
Trading Platform 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). 1.Pro Web (Web-based trading platform) 2.Pro Mobile (mobile trading application) 3.Algo Lab (bridge for Amibroker) 4.Option Strategy Builder 5.Order Generator
SMS Alerts for Trades
Direct Mutual Fund
Call Back Open Account

Choice Broking

Upstox