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Choice Broking Online Account Open Process, Forms and Fees
Choice Broking Online Account Open Process, Forms and Fees
Choice Equity Broking Private Limited is a Mumbai-based full-service stock broking firm and was incorporated in 2010. This is a subsidiary of a publicly listed financial service provider organisation named as Choice International Limited. It was formerly providing tis financial services since 1993.
Choice Broking offers its online trading and the premium financial service for the complete range of financial products such as Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Insurance and the Loan against share. It is a depository membership with the CDSL and NSDL. Choice Broking is a member of NSE, BSE, MCX, NCDEX, and ICEX. The Choice Broking avails their customers with several margin trading services to its customers. It allows the customers to allow the clients to purchase the shares by funding the smaller portion with its funds and use the broker funds for the remaining amount.
Choice Broking Account Opening
Choice Broking offers both online and offline modes of account opening. The Choice Broking account opening process is very instant and paperless with a simple sign-up process completed that can be done within 5 minutes.
Online Account Opening Process
An individual can easily open their trading and demat account from its website or mobile application. The process is simple and easy and it just takes few minutes to apply for an account.
Steps to open an account online
1. In the first step, register online on the company website or mobile application.
2. Fill in the details such as name, mobile no. and city.
3. Further, upload the relevant documents along with their passport size photograph.
4. Complete the IPV process i.e. in-person verification procedure.
5. Once the IPV procedure is done, the registration process to open the account gets completed.
6. The customer has to courier POA received on an individual’s registered mail Id to the broker’s office.
7. The documents to be submitted must be verified by the broker.
8. The accounts further gets activated on the completion of the verification of the documents.
9. The customer will receive a mail from the company for activating the account.
Offline Account Opening Process
The customer can open their trading and demat account offline also. They can simply download the forms from the company’s website. The customer can also choose to simply walk-in with any of the Choice Broking branch office and get their account opened with them. A representative appointed by the branch will further guide you through the account opening process.
Steps to open an account via Offline:
1. Download the Choice Broking account opening form from the company’s website.
2. Fill in the account opening form correctly by filling in all the personal details.
3. Now, attach the required documents.
4. The customer needs to courier the duly signed form to the broker office for further verification process.
5. After completing the verification process, the Choice broking account is activated for trading further.
6. As a confirmation, you would further receive a mail from the company with account details.
The account opening forms are available on the company’s website present in the downloads under the Market section present at the footer of the website.
Documents Necessary for Choice Broking Account Opening Process
A certain set of documents is required before opening an account with Choice Broking:
1. A copy of PAN Card.
2. A copy of Aadhaar Card.
3. An Address proof.
4. A cancelled cheque.
5. A passport size photograph.
6. An income proof (for the customers interested in derivative trading).
Account Opening Status
After receiving the documents and verified by the company, the account is further activated for trading within 4 to 24 hours. A customer must take care that the documents should be submitted carefully. In case there is any issue in the submission of documents then the Choice Broker team will further connect with the customer for further clarifications.
An individual must receive a mail from the company informing that account is activated. In case, there is any delay in the account opening procedure then the customer care can contact the customer care to know the status of their account.
Choice Broking Account Opening Charges
The Account opening charges for Choice Broking are explained below:
Trading Account Opening Charge
Trading Account AMC
Demat account Opening Charge
Demat AMC (Yearly)
(1st year AMC free)Rs.200/- + GST Yearly PlanRs.1500/- + GST - Lifetime AMC CoveredRs.3000/- Full Refundable AMC (Full amount will be refunded when you close the account with us)
Frequently Asked Questions
No, an individual cannot buy mutual funds by using the Choice Broking mobile application. The company offers a separate trading platform Investica for mutual funds investments. Investica can be easily accessed from the mobile phones or computers through the web browser or mobile app supported on Android and iOS devices.
The Choice Broking charge 0.02% for currency futures trading and Rs.20 per lot for currency in options trading.
The Choice Broking Jiffy application supports the Android and iOS platforms. This mobile application can be further accessed on an Android Smartphone or iPhone but it is not compatible with laptops.
Choice Broking Charge 0.02% for equity, currency and commodity.
NFO (New Fund Offer) is a subscription offer for a new fund launched by the asset management company or mutual fund house to raise the capital. Choice Broking offers its investors the facility to apply for the NFO services through Investica.
Choice Broking auto square- off all the open intraday positions at 3:15 PM.
Yes, Choice Broking stock broker provides its customer to offer the trade and depository services. The company focus and provide the research-based tips and recommendations.
Choice Broking Jiffy is a very secured and trusted application that has a secure retrieval and data storage by using the modern encryption technique (256- bit SSL encryption).
Choice Broking charges 0.20% for equity delivery trade. These trades are known as cash & carry trades.
Choice Broking avails its customers with Investica as a trading platform.
Yes, Choice Broking trading software are safe and secure to use.
Yes, Choice Broking provides the margin funding facility to its customers.
Yes, Choice Broking offers online IPO applications to its customers. IPO offers an early opportunity to buy the shares of the companies that are not previously traded publicly.
Some Key features of Jiffy app are: • Quick Order placement. • Live Market Depth. • Best Stock Screener • Easy Navigation. • Insightful Research Reports. • Live Market Data. • Customised Charts and Watchlists.
Choice Broking will charge ₹0 annual maintenance charge for trading account and ₹200 for demat account.
Yes, the customer can buy or sell mutual funds if they already hold an account with choice Broking.
Yes, Choice Broking allows its customers to enjoy the facility of margin trading to its customers. The investors can further enhance their buying or selling their power through the MTF Services that is provided by the broker. It is done to utilize the broker funds to a consider the extent to execute the transaction.
Yes, Choice Broking stock broker allows to place the BTST order to its customers. This order enables the customer to sell the stocks before an individual gets its delivery in the demat account.