INDmoney Vs Choice Broking
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
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.
INDmoney Vs Choice Broking - Broker Details
| INDmoney | Choice Broking | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2019 | 2010 |
| Exchanges | NSE, BSE and MCX | NSE, BSE, MCX, NCDEX, and ICEX. |
| Branches | 966 | 50+ |
| Brokerage | 0.05% or up to ₹20/Per Order | 0.02% |
| Broker Type | Discount Broker | Full service Broker |
INDmoney Vs Choice Broking - Account Opening & AMC Charges
| INDmoney | 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) |
INDmoney Vs Choice Broking - Brokerage charges & Plans
| INDmoney | Choice Broking | |
|---|---|---|
| Commodity Futures | N/A | 0.02% |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.02% |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.2% |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹25/Lot |
| Commodity Options | N/A | ₹50/Lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.02% |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹20/Lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | 0.02% |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.02% |
INDmoney Vs Choice Broking - Other Charges
| INDmoney | Choice Broking | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹0 (Free) |
| API Charges | N/A | - |
| Call & Trade Charges | ₹50 per position | ₹0 (Free) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | ₹25/Lot |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.02% |
INDmoney Vs Choice Broking - Transaction Charges
| INDmoney | Choice Broking | |
|---|---|---|
| Currency Options | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value | NSE : Transaction Charges:- 0.035% | Clearing charge:- 0.002% |
| Equity Futures | NSE: 0.00195% on total turnover value | NSE: Exchange transaction charge:- 0.002% | Clearing charge:- 0.0005% |
| Equity Intraday | NSE - 0.00325% | BSE- 0.00375% | NSE/BSE:- 0.00345% |
| Equity Options | NSE: 0.053% on premium value | NSE: Exchange transaction charge:- 0.05% | Clearing charge:- 0.002% |
| Commodity | 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 Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | 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% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value | NSE: Transaction Charges:- 0.035% | Clearing charge:- 0.002% |
| Equity Delivery | NSE - 0.00325% | BSE- 0.00375% | NSE/BSE:- 0.00345% |
INDmoney Vs Choice Broking - Margin (Exposure)
| INDmoney | 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 (no margin) | 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) |
INDmoney Vs Choice Broking - Features
| INDmoney | 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 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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INDmoney Vs Choice Broking - Review & Rating
| INDmoney | Choice Broking | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
INDmoney Vs Choice Broking - Request a call back from Broker
| INDmoney | Choice Broking | |
|---|---|---|
INDmoney Vs Choice Broking - Investment Options
| INDmoney | 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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INDmoney Vs Choice Broking - Order Type
| INDmoney | 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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INDmoney Vs Choice Broking - Research & Report
| INDmoney | 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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INDmoney Vs Choice Broking - Daily Market Report
| INDmoney | Choice Broking | |
|---|---|---|
| Daily Market Reports & News |
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INDmoney Vs Choice Broking - Suitable For Investor
| INDmoney | Choice Broking | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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INDmoney Vs Choice Broking - Pros & Cons
| INDmoney | Choice Broking | |
|---|---|---|
| Pros | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. | 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.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. | 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. |
INDmoney Vs Choice Broking - Background
| INDmoney | Choice Broking | |
|---|---|---|
INDmoney Vs Choice Broking - Compare All Brokers
| INDmoney | Choice Broking | |
|---|---|---|
INDmoney Vs Choice Broking - STT/CTT
| INDmoney | Choice Broking | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 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 (On Premium) | 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 | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Choice Broking - Demat transaction charges
| INDmoney | Choice Broking | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹10 + GST per scrip only on sell |
INDmoney Vs Choice Broking - GST
| INDmoney | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charges + Clearing Charges) |
INDmoney Vs Choice Broking - SEBI Charges
| INDmoney | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Choice Broking - Account Opening & AMC Charges
INDmoney
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)
INDmoney Vs Choice Broking
| INDmoney | Choice Broking | |
|---|---|---|
INDmoney Account Opening Process, Charges, and Documentation 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.
INDmoney Vs Choice Broking - Brokerage charges & Plans
| INDmoney | Choice Broking | |
|---|---|---|
| Commodity Futures | N/A | 0.02% |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.02% |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.2% |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹25/Lot |
| Commodity Options | N/A | ₹50/Lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.02% |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹20/Lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | 0.02% |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.02% |
INDmoney Vs Choice Broking - Margin (Exposure)
| INDmoney | 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 (no margin) | 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) |
INDmoney Vs Choice Broking - Other Charges
| INDmoney | Choice Broking | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹0 (Free) |
| API Charges | N/A | - |
| Call & Trade Charges | ₹50 per position | ₹0 (Free) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | ₹25/Lot |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.02% |
INDmoney Vs Choice Broking - STT/CTT
| INDmoney | Choice Broking | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 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 (On Premium) | 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 | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Choice Broking - Demat transaction charges
| INDmoney | Choice Broking | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹10 + GST per scrip only on sell |
INDmoney Vs Choice Broking - GST
| INDmoney | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charges + Clearing Charges) |
INDmoney Vs Choice Broking - SEBI Charges
| INDmoney | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Choice Broking - Features
| INDmoney | 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 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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