Choice Broking Consumer Complaints | Enquiry, NSE & BSE and Details
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Choice Broking Consumer Complaints
Choice Equity Broking Private Limited is a Mumbai-based full-service stock broking firm and was incorporated in 2010 by choice broking owner. Choice financial ratings is a subsidiary of a publicly listed financial service provider organization named as Choice International Limited. It was formerly providing its financial services since 1993. Choice broking rating makes it to stand out from the crowd.
Choice broker services 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 and top choice brokerage 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.
How do I file a complaint against a broker?
The Choice complaints research provides the complete detailed report about the number of complaints that are received by the stock exchanges. Choice broking complaints register research report examines the data received digitally by BSE and NSE. complaint against a brokers data provides the data of the total number of the customers of the broker.
Choice broking customer complaints are the serious grievances that are recorded against the Choice Broking share broker by their customer that are unsolved. These complaints are then filed by the various customers at the National Stock Exchanges. These complaints determine the number of active clients. In other words, stock broker complaints determines the health of the broker.
Choice Broking Complaints
Exchange | Financial Year | Total Complaints | Active Clients |
BSE | 2022-23 | 2 | 23,480 |
NSE | 2022-23 | 71 | 270,121 |
BSE | 2021-22 | 9 | 20,738 |
NSE | 2021-22 | 57 | 253,785 |
NSE | 2020-21 | 36 | 67,804 |
BSE | 2019-20 | 2 | 13,492 |
NSE | 2019-20 | 29 | 32,854 |
BSE | 2018-19 | 1 | 5,157 |
NSE | 2018-19 | 19 | 22,350 |
BSE | 2017-18 | 2 | 7,594 |
NSE | 2017-18 | 15 | 14,882 |
BSE | 2016-17 | 2 | 3,105 |
NSE | 2016-17 | 15 | 6,520 |
BSE | 2015-16 | 2 | 1,540 |
NSE | 2015-16 | 4 | 3,360 |
BSE | 2013-14 | 1 | 1,265 |
NSE | 2013-14 | 1 | 633 |
Brokerage complaints at NSE
| 2022-23 | 2021-22 | 2020-21 |
Active Clients | 270121 | 253785 | 67804 |
Complaints | 71 | 57 | 36 |
Resolved through the exchange | 60 | 52 | 30 |
Non actionable | 6 | 4 | 2 |
Advised / Opted for arbitration | 0 | 0 | 0 |
Pending for redressal with exchange | 5 | 1 | 4 |
No. of arbitration filed by clients | 1 |
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Decided by arbitrators in favour of the clients | 1 |
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Decided by the arbitrators | 1 |
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Pending for redressal with arbitrators | 0 |
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Choice Broking complaint at BSE
| 2022-23 | 2021-22 | 2019-20 | |
| Active Clients | 23480 | 20738 | 13492 |
| Complaints | 2 | 9 | 2 |
| Resolved through the exchange | 2 | 9 | 2 |
| Non actionable | 0 | 0 | 0 |
| Advised / Opted for arbitration | 0 | 0 | 0 |
| Pending for redressal with exchange | 0 | 0 | 0 |
| No. of arbitration filed by clients | 0 | 1 | 0 |
| Decided by arbitrators in favour of the clients | 0 | 1 | 0 |
| Decided by the arbitrators | 0 | 0 | 0 |
| Pending for redressal with arbitrators | 0 | 0 | 0 |
Comments for Choice Broking Consumer Complaints | Enquiry, NSE & BSE and Details
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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