Choice Broking Vs INDmoney
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
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 Vs INDmoney - Broker Details
| Choice Broking | INDmoney | |
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| Single Margin Facility |
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| Year of Incorporation | 2010 | 2019 |
| Exchanges | NSE, BSE, MCX, NCDEX, and ICEX. | NSE, BSE and MCX |
| Branches | 50+ | 966 |
| Brokerage | 0.02% | 0.05% or up to ₹20/Per Order |
| Broker Type | Full service Broker | Discount Broker |
Choice Broking Vs INDmoney - Account Opening & AMC Charges
| Choice Broking | INDmoney | |
|---|---|---|
| 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 INDmoney - Brokerage charges & Plans
| Choice Broking | INDmoney | |
|---|---|---|
| Commodity Futures | 0.02% | N/A |
| Currency Futures | 0.02% | 0.05% or up to ₹20/Per Order |
| Equity Delivery | 0.2% | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹25/Lot | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹50/Lot | N/A |
| Equity Futures | 0.02% | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹20/Lot | 0.05% or up to ₹20/Per Order |
| Fixed Charges | 0.02% | 0.05% or up to ₹20/Per Order |
| Equity Intraday | 0.02% | 0.05% or up to ₹20/Per Order |
Choice Broking Vs INDmoney - Other Charges
| Choice Broking | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50 per position |
| API Charges | - | N/A |
| Call & Trade Charges | ₹0 (Free) | ₹50 per position |
| Other Brokerage Charges | ₹25/Lot | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | 0.02% | 0.05% or up to ₹20/Per Order |
Choice Broking Vs INDmoney - Transaction Charges
| Choice Broking | INDmoney | |
|---|---|---|
| Currency Options | NSE : Transaction Charges:- 0.035% | Clearing charge:- 0.002% | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | NSE: Exchange transaction charge:- 0.002% | Clearing charge:- 0.0005% | NSE: 0.00195% on total turnover value |
| Equity Intraday | NSE/BSE:- 0.00345% | NSE - 0.00325% | BSE- 0.00375% |
| Equity Options | NSE: Exchange transaction charge:- 0.05% | Clearing charge:- 0.002% | NSE: 0.053% on premium value |
| 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: 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 |
| Currency Futures | NSE: Transaction Charges:- 0.035% | Clearing charge:- 0.002% | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | NSE/BSE:- 0.00345% | NSE - 0.00325% | BSE- 0.00375% |
Choice Broking Vs INDmoney - Margin (Exposure)
| Choice Broking | INDmoney | |
|---|---|---|
| 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 (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) |
Choice Broking Vs INDmoney - Features
| Choice Broking | INDmoney | |
|---|---|---|
| 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 & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Choice Broking Vs INDmoney - Review & Rating
| Choice Broking | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Choice Broking Vs INDmoney - Request a call back from Broker
| Choice Broking | INDmoney | |
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Choice Broking Vs INDmoney - Investment Options
| Choice Broking | INDmoney | |
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| 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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Choice Broking Vs INDmoney - Order Type
| Choice Broking | INDmoney | |
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| 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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Choice Broking Vs INDmoney - Research & Report
| Choice Broking | INDmoney | |
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| 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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Choice Broking Vs INDmoney - Daily Market Report
| Choice Broking | INDmoney | |
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| Daily Market Reports & News |
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Choice Broking Vs INDmoney - Suitable For Investor
| Choice Broking | INDmoney | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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Choice Broking Vs INDmoney - Pros & Cons
| Choice Broking | INDmoney | |
|---|---|---|
| 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. 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. |
| 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.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. |
Choice Broking Vs INDmoney - Background
| Choice Broking | INDmoney | |
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Choice Broking Vs INDmoney - Compare All Brokers
| Choice Broking | INDmoney | |
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Choice Broking Vs INDmoney - STT/CTT
| Choice Broking | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side 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 (On Premium) |
| 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% only on sell side |
Choice Broking Vs INDmoney - Demat transaction charges
| Choice Broking | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + GST per scrip only on sell | ₹250/ per certificate |
Choice Broking Vs INDmoney - GST
| Choice Broking | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charges + Clearing Charges) | 18% on (Brokerage + Transaction Charge) |
Choice Broking Vs INDmoney - SEBI Charges
| Choice Broking | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Choice Broking Vs INDmoney - Account Opening & AMC Charges
Choice Broking
INDmoney
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 INDmoney
| Choice Broking | INDmoney | |
|---|---|---|
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 b .. + " Vs "+ INDmoney |
INDmoney Account Opening Process, Charges, and Documentation Details |
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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 Vs INDmoney - Brokerage charges & Plans
| Choice Broking | INDmoney | |
|---|---|---|
| Commodity Futures | 0.02% | N/A |
| Currency Futures | 0.02% | 0.05% or up to ₹20/Per Order |
| Equity Delivery | 0.2% | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹25/Lot | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹50/Lot | N/A |
| Equity Futures | 0.02% | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹20/Lot | 0.05% or up to ₹20/Per Order |
| Fixed Charges | 0.02% | 0.05% or up to ₹20/Per Order |
| Equity Intraday | 0.02% | 0.05% or up to ₹20/Per Order |
Choice Broking Vs INDmoney - Margin (Exposure)
| Choice Broking | INDmoney | |
|---|---|---|
| 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 (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) |
Choice Broking Vs INDmoney - Other Charges
| Choice Broking | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50 per position |
| API Charges | - | N/A |
| Call & Trade Charges | ₹0 (Free) | ₹50 per position |
| Other Brokerage Charges | ₹25/Lot | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | 0.02% | 0.05% or up to ₹20/Per Order |
Choice Broking Vs INDmoney - STT/CTT
| Choice Broking | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side 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 (On Premium) |
| 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% only on sell side |
Choice Broking Vs INDmoney - Demat transaction charges
| Choice Broking | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + GST per scrip only on sell | ₹250/ per certificate |
Choice Broking Vs INDmoney - GST
| Choice Broking | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charges + Clearing Charges) | 18% on (Brokerage + Transaction Charge) |
Choice Broking Vs INDmoney - SEBI Charges
| Choice Broking | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Choice Broking Vs INDmoney - Features
| Choice Broking | INDmoney | |
|---|---|---|
| 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 & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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