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

Here is a detailed comparison of Choice Broking vs Nirmal Bang. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Choice Broking & Nirmal Bang 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 Nirmal Bang

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 & Nirmal Bang comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare Choice Broking Nirmal Bang

Overview of Choice Broking & Nirmal Bang

Overview Choice Broking Nirmal Bang
Company Type Private Private
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, Maharashtra Mumbai, India
Founder Kamal Poddar Nirmal Bang
Established Year 1992 1986

Choice Broking vs Nirmal Bang Customer Ratings Comparison

Customer Ratings Choice Broking Nirmal Bang
Experience 5.8/10 6.5/10
Products & Services 6.8/10 6.2/10
Brokerage Charges & Fees 6.2/10 6.7/10
Stock Research & Advisory 6.6/10 6.0/10
Trading Platforms 5.8/10 6.5/10
Overall Ratings 6.4/10 6.4/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 152 355

Choice Broking vs Nirmal Bang Demat Account Comparison

Demat Services Choice Broking Nirmal Bang
Depository Source CDSL & NSDL CDSL
Account Opening Charges Rs.250 Zero
Demat AMC Charges Free Rs.200
Trading AMC Charges Free Free
Margin Money Minimum Rs.5,000 Minimum Rs.10,000
Offline to Online R R

Nirmal Bang vs Choice Broking Brokerage Charges Comparison

Brokerage Charge & Fees Choice Broking Nirmal Bang
Equity Delivery Trading 0.33% 0.20%
Equity Intraday Trading 0.03% 0.02%
Commodity Options Trading 0.03% NA
Equity Futures Trading 0.03% 0.02%
Equity Options Trading Rs.20 per Lot Rs.35 per Lot
Currency Futures Trading 0.03% 0.02%
Currency Options Trading Rs.30 per Lot Rs.20 per Lot
Minimum Brokerage Percentage of Transaction Percentage of Transaction
Demat AMC Charges Free Rs.200
Trading AMC Charges Free Free
Margin Money Minimum Rs.5,000 Minimum Rs.10,000
Brokerage Calculator Choice Broking Brokerage Calculator Nirmal Bang Brokerage Calculator

Nirmal Bang & Choice Broking Other Charges Comparison

Other Charges Choice Broking Nirmal Bang
Transaction Charges 0.0000285 0.00390% of Total Turnover
STT 0.0126% of Total Turnover 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare Nirmal Bang & Choice Broking Offers

Offers Choice Broking Nirmal Bang
Free Demat Account R R
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans S R
1 Month Brokerage Free R S
Holiday Offers S R
Referral Offers R S
Zero Brokerage for Loss Making Trades S S

Compare Services of Choice Broking vs Nirmal Bang

Services Choice Broking Nirmal Bang
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations S R
Robo Advisory S S
PMS S R
Trading Institution S S
Trading Exposure Upto 5X Upto 10x

Compare Nirmal Bang & Choice Broking Research & Advisory

Research & Advisory Choice Broking Nirmal Bang
Fundamental Reports S S
Research Reports S R
Company Reports S S
Annual Reports S S
Company Stock Review S S
Free Stock Tips R R
IPO Reports R R
Top Picks R R
Daily Market Review R R
Monthly Reports R S
Weekly Reports R S
Offline Advisory R R
Relationship Manager R R

Choice Broking vs Nirmal Bang Exposure/Leverage

Exposure / Leverage Choice Broking Nirmal Bang
Equity Delivery Upto 3X Upto 3x
Equity Intraday Upto 5X Upto 10x
Equity Futures Upto 1X Upto 4x
Equity Options Upto 5X Upto 5x
Currency Futures Upto 2X Upto 3x
Currency Options Upto 6X Upto 2x
Commodities Upto 1X Upto 3x
Margin Calculator Choice Broking Margin Calculator Nirmal Bang Margin Calculator

Choice Broking vs Nirmal Bang Product Comparison

Products Choice Broking Nirmal Bang
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex S R
Banking S S
SIP R R
Insurance R R

Choice Broking vs Nirmal Bang Trading Platform Comparison

Trading Platforms Choice Broking Nirmal Bang
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform S R
Mobile Site Platform S S
Android App Platform R R
iOS App Platform R S
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports S S
Easy Installation S R
Global Indices R R
Stock Tips R S
Personalized Advisory S S
Interactive Charts S R
Live Markets R R
SMS Alerts S S
Email Alerts R R
Multi Account Management S S

Choice Broking vs Nirmal Bang Customer Support

Customer Support Choice Broking Nirmal Bang
Dedicated Dealer S R
Offline Trading R R
Online Trading R R
24*7 Support S S
Email Support R S
Chat Support S S
Toll Free Number S S
Branches 480 50

Choice Broking vs Nirmal Bang Customer Complaints

Complaints (Current Year) Choice Broking Nirmal Bang
Lodged in BSE 2 64
Resolved in BSE 2 64
Lodged in NSE 15 91
Resolved in NSE 15 91

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