Choice Broking Brokerage Charges and Transaction Charges

 
 
 
 
 

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Choice Broking Brokerage Charges and Transaction Charges

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 Brokerage Charges

An individual needs to pay a commission or brokerage at the time of buying or selling the stocks through Choice Broking. The amount is charged for providing services in equity, commodity and currency derivative trading.

Choice Broking Standard Plan

Segment

Brokerage Charges

Equity Delivery

0.2%

Equity Intraday

0.02%

Equity Futures

0.02%

Equity Options

₹25 per lot

Currency Futures

0.02%

Currency Options

₹20 per lot

Commodity Futures

0.02%

Commodity Options

₹50 per lot

 

Choice Broking Transaction Charges

Segment

Transaction Charge

Equity Delivery

NSE: 0.00325%; BSE: Flat rate per trade ₹1.50 & Clearing charge ₹0.01 per trade.

Equity Intraday

NSE: 0.00325%; BSE: Flat rate per trade ₹1.50 & Clearing charge ₹0.01 per trade.

Equity Futures

NSE: Exchange Transaction Charge: 0.0019% & Clearing charge: 0.0005%

Equity Options

NSE: Exchange Transaction Charge 0.05%

Currency Futures

NSE: Exchange txn charge: 0.0009%

Currency Options

NSE: Exchange txn Charge: 0.04%

Commodity Futures

Non-Agri: Exchange txn Charge: 0.0026% & Clearing Charge: 0.0003%; Agri: Exchange txn charge: 0.00175% & Clearing Charge: 0.0003%

Commodity Options

Exchange txn Charge: 0

 

Choice Broking STT Charges

Segment

Charges

Equity Delivery

0.1% on buy & Sell

Equity Intraday

0.025% on the sell side

Equity Futures

0.01% on the sell side

Equity Options

0.05% on sell side (Prem). In case of options exercise 0.125% on (Settlement Price* Quantity) (Paid by buyer)

Currency Futures

NA

Currency Options

NA

Commodity Futures

0.01% on sell side (Agri)

Commodity Options

0.05% on sell side. In case of options exercise 0.125% on (Settlement Price*Quantity) Paid by buyer

 

Stamp Duty Charges

Segment

Charges

Equity Delivery

0.015% (On buy side only)

Equity Intraday

0.003% (On buy side only)

Equity Futures

0.002% (On buy side only)

Equity Options

0.003% (On buy side only)

Currency Futures

0.0001% (On buy side only)

Currency Options

0.0001% (On buy side only)

Commodity Futures

0.002%

Commodity Options

0.003%

 

Other Charges

Charges

Amount Charged

GST

18% on (Brokerage+ Transaction charges)

SEBI Charges

₹5/ crore for Non-Agri commodities and ₹1/ crore for Agri-Commodities

 

Conclusion

Choice Broking is a full-service broker based in Mumbai. It offers various stock broking services since 2010. It allows an individual to trade in Equity Derivatives, Currency and Commodity. The firm charges the brokerage on percentage basis for Equity and Futures trades as per the lot basis brokerage for an Options trade. The broker provides just a single brokerage plan to its customers.

  Open Choice Broking Demat Account



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.

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