IIFL Securities Vs Choice Broking
IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
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.
IIFL Securities Vs Choice Broking - Broker Details
| IIFL Securities | Choice Broking | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1995 | 2010 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX, NCDEX, and ICEX. |
| Branches | 2000+ | 50+ |
| Brokerage | ₹20/ Order | 0.02% |
| Broker Type | Full Service Broker | Full service Broker |
IIFL Securities Vs Choice Broking - Account Opening & AMC Charges
| IIFL Securities | Choice Broking | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) for the first year | ₹250 + GST from the next year onwards | ₹200+GST ( 2nd Year onwards) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
IIFL Securities Vs Choice Broking - Brokerage charges & Plans
| IIFL Securities | Choice Broking | |
|---|---|---|
| Commodity Futures | ₹20/ Order | 0.02% |
| Currency Futures | ₹20/ Order | 0.02% |
| Equity Delivery | ₹20/ Order | 0.2% |
| Equity Options | ₹20/ Order | ₹25/Lot |
| Commodity Options | ₹20/ Order | ₹50/Lot |
| Equity Futures | ₹20/ Order | 0.02% |
| Currency Options | ₹20/ Order | ₹20/Lot |
| Fixed Charges | ₹20/ Order | 0.02% |
| Equity Intraday | ₹20/ Order | 0.02% |
IIFL Securities Vs Choice Broking - Other Charges
| IIFL Securities | Choice Broking | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | - |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order | ₹25/Lot |
| Minimum Brokerage | ₹20/ Order | 0.02% |
IIFL Securities Vs Choice Broking - Transaction Charges
| IIFL Securities | Choice Broking | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% | 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: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | 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 Followers Scrip: 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: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% | NSE: Transaction Charges:- 0.035% | Clearing charge:- 0.002% |
| Equity Delivery | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE/BSE:- 0.00345% |
IIFL Securities Vs Choice Broking - Margin (Exposure)
| IIFL Securities | 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 (100% of trade value) | 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) |
IIFL Securities Vs Choice Broking - Features
| IIFL Securities | 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 & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal | 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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IIFL Securities Vs Choice Broking - Review & Rating
| IIFL Securities | Choice Broking | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
IIFL Securities Vs Choice Broking - Request a call back from Broker
| IIFL Securities | Choice Broking | |
|---|---|---|
IIFL Securities Vs Choice Broking - Investment Options
| IIFL Securities | 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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IIFL Securities Vs Choice Broking - Order Type
| IIFL Securities | 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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IIFL Securities Vs Choice Broking - Research & Report
| IIFL Securities | 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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IIFL Securities Vs Choice Broking - Daily Market Report
| IIFL Securities | Choice Broking | |
|---|---|---|
| Daily Market Reports & News |
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IIFL Securities Vs Choice Broking - Suitable For Investor
| IIFL Securities | Choice Broking | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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IIFL Securities Vs Choice Broking - Pros & Cons
| IIFL Securities | Choice Broking | |
|---|---|---|
| Pros | 1. It is a full-service broker that has an extended network of branches to guide and help the customers online as well as offline. 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. It provides the best trading terminal to its customers. 4. It has a vast range of financial products that includes stocks, derivatives, bonds, IPO, Mutual Funds, Corporate FDs and Insurance. 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Equity Systematic Investment Plan I.e. Equity SIP. 7. It provides advanced order type like Valid till Date (VTD). | 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. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account since IIFL does not have banking license. 3. It does not provide the facility of Mutual funds. | 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. |
IIFL Securities Vs Choice Broking - Background
| IIFL Securities | Choice Broking | |
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IIFL Securities Vs Choice Broking - Compare All Brokers
| IIFL Securities | Choice Broking | |
|---|---|---|
IIFL Securities Vs Choice Broking - STT/CTT
| IIFL Securities | Choice Broking | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the Sell Side |
| Equity Options | 0.05% 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 % on Sell | 0.01% on Sell Side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
IIFL Securities Vs Choice Broking - Demat transaction charges
| IIFL Securities | Choice Broking | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell | ₹10 + GST per scrip only on sell |
IIFL Securities Vs Choice Broking - GST
| IIFL Securities | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charges + Clearing Charges) |
IIFL Securities Vs Choice Broking - SEBI Charges
| IIFL Securities | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
IIFL Securities Vs Choice Broking - Account Opening & AMC Charges
IIFL Securities
Choice Broking
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free) for the first year | ₹250 + GST from the next year onwards
₹200+GST ( 2nd Year onwards)
Trading Account AMC
₹0 (Free)
₹0 (Free)
IIFL Securities Vs Choice Broking
| IIFL Securities | Choice Broking | |
|---|---|---|
IIFL Securities Review | Features and Brokerage PlansIIFL Securities is a part of IIFL Group. IIFL group was incorporated in the year 1995 while IIFL Securities was incorporated in the year 1996. It is among the largest independent full-service stock broker house that serves various retail and institutional clients. The IIFL group is the leading financial s .. + " Vs "+ Choice Broking |
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 .. |
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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.
IIFL Securities Vs Choice Broking - Brokerage charges & Plans
| IIFL Securities | Choice Broking | |
|---|---|---|
| Commodity Futures | ₹20/ Order | 0.02% |
| Currency Futures | ₹20/ Order | 0.02% |
| Equity Delivery | ₹20/ Order | 0.2% |
| Equity Options | ₹20/ Order | ₹25/Lot |
| Commodity Options | ₹20/ Order | ₹50/Lot |
| Equity Futures | ₹20/ Order | 0.02% |
| Currency Options | ₹20/ Order | ₹20/Lot |
| Fixed Charges | ₹20/ Order | 0.02% |
| Equity Intraday | ₹20/ Order | 0.02% |
| Call Back Open Account |
IIFL Securities Vs Choice Broking - Margin (Exposure)
| IIFL Securities | 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 (100% of trade value) | 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) |
| Call Back Open Account |
IIFL Securities Vs Choice Broking - Other Charges
| IIFL Securities | Choice Broking | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | - |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order | ₹25/Lot |
| Minimum Brokerage | ₹20/ Order | 0.02% |
IIFL Securities Vs Choice Broking - STT/CTT
| IIFL Securities | Choice Broking | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the Sell Side |
| Equity Options | 0.05% 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 % on Sell | 0.01% on Sell Side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
IIFL Securities Vs Choice Broking - Demat transaction charges
| IIFL Securities | Choice Broking | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell | ₹10 + GST per scrip only on sell |
IIFL Securities Vs Choice Broking - GST
| IIFL Securities | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charges + Clearing Charges) |
IIFL Securities Vs Choice Broking - SEBI Charges
| IIFL Securities | Choice Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
IIFL Securities Vs Choice Broking - Features
| IIFL Securities | Choice Broking | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
|
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| Margin Trading Facility |
|
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| Call & Trade Facility |
|
|
| Referral Program |
|
|
| 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:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal | 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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| Call Back Open Account |