Choice Broking vs Fyers – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of Choice Broking vs Fyers. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Choice Broking & Fyers will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

Choice Broking vs Fyers

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

Compare Stock Brokers


This Choice Broking & Fyers comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare Choice Broking Fyers

Overview of Choice Broking & Fyers

OverviewChoice BrokingFyers
Company TypePrivatePrivate
Broker TypeFull Service BrokerDiscount Broker
HeadquartersMumbai, MaharashtraBangalore, Karnataka
FounderKamal PoddarTejas Khoday, Shreyas Khodey & Yashas Khodey
Established Year19922015

Choice Broking vs Fyers Customer Ratings Comparison

Customer RatingsChoice BrokingFyers
Experience5.8/103.0/10
Products & Services6.8/108.5/10
Brokerage Charges & Fees6.2/105.9/10
Stock Research & Advisory6.6/106.0/10
Trading Platforms5.8/105.6/10
Overall Ratings6.4/105.7/10
Star Ratings★★★☆☆★★★☆☆
Total Client Reviews152123

Choice Broking vs Fyers Demat Account Comparison

Demat ServicesChoice BrokingFyers
Depository SourceCDSL & NSDLCDSL & NSDL
Account Opening ChargesRs.250Free
Demat AMC ChargesFree1st Year Free & Rs.300 per Annum
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.5,000Zero Margin
Offline to OnlineRR

Fyers vs Choice Broking Brokerage Charges Comparison

Brokerage Charge & FeesChoice BrokingFyers
Equity Delivery Trading0.33%Free
Equity Intraday Trading0.03%0.01% or Rs.20 per Executed order
Commodity Options Trading0.03%0.01% or Rs.20 per Executed order
Equity Futures Trading0.03%0.01% or Rs.20 per Executed order
Equity Options TradingRs.20 per LotRs.20 per executed order
Currency Futures Trading0.03%0.01% or Rs.20 per Executed order
Currency Options TradingRs.30 per LotRs.20 per executed order
Minimum BrokeragePercentage of TransactionRs.20 per executed order
Demat AMC ChargesFreeFree for 1st year & Rs.300
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.5,000Zero Margin
Brokerage CalculatorChoice Broking Brokerage CalculatorFyers Brokerage Calculator

Fyers & Choice Broking Other Charges Comparison

Other ChargesChoice BrokingFyers
Transaction Charges0.00002850.00275% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Compare Fyers & Choice Broking Offers

OffersChoice BrokingFyers
Free Demat AccountRR
Free Trading AccountRR
Discount on BrokerageRR
Trading Happy HoursSS
Flexible Brokerage PlansSS
1 Month Brokerage FreeRS
Holiday OffersSS
Referral OffersRS
Zero Brokerage for Loss Making TradesSS

Compare Services of Choice Broking vs Fyers

ServicesChoice BrokingFyers
Demat ServicesRR
Trading ServicesRR
3 in 1 AccountSS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsSS
Robo AdvisorySS
PMSSS
Trading InstitutionSS
Trading ExposureUpto 5XUpto 5X

Compare Fyers & Choice Broking Research & Advisory

Research & AdvisoryChoice BrokingFyers
Fundamental ReportsSS
Research ReportsSS
Company ReportsSS
Annual ReportsSS
Company Stock ReviewSS
Free Stock TipsRR
IPO ReportsRS
Top PicksRS
Daily Market ReviewRS
Monthly ReportsRS
Weekly ReportsRS
Offline AdvisoryRS
Relationship ManagerRS

Choice Broking vs Fyers Exposure/Leverage

Exposure / LeverageChoice BrokingFyers
Equity DeliveryUpto 3XUpto 2X
Equity IntradayUpto 5XUpto 5X
Equity FuturesUpto 1XUpto 4X
Equity OptionsUpto 5XUpto 5X
Currency FuturesUpto 2XUpto 3X
Currency OptionsUpto 6XUpto 3X
CommoditiesUpto 1XUpto 3X
Margin CalculatorChoice Broking Margin CalculatorFyers Margin Calculator

Choice Broking vs Fyers Product Comparison

ProductsChoice BrokingFyers
Equity TradingRR
Commodity TradingRR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexSS
BankingSS
SIPRR
InsuranceRS

Choice Broking vs Fyers Trading Platform Comparison

Trading PlatformsChoice BrokingFyers
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformSR
Mobile Site PlatformSR
Android App PlatformRR
iOS App PlatformRR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsSS
Easy InstallationSR
Global IndicesRR
Stock TipsRS
Personalized AdvisorySS
Interactive ChartsSR
Live MarketsRR
SMS AlertsSS
Email AlertsRR
Multi Account ManagementSS

Choice Broking vs Fyers Customer Support

Customer SupportChoice BrokingFyers
Dedicated DealerSS
Offline TradingRS
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportSS
Toll Free NumberSS
Branches480No Branch

Choice Broking vs Fyers Customer Complaints

Complaints (Current Year)Choice BrokingFyers
Lodged in BSE245
Resolved in BSE240
Lodged in NSE1564
Resolved in NSE1558

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