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

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of ICICI Direct vs Choice Broking. ICICI Direct is the largest banking broker which provides diverse products & services to its clients along with very strong support while Choice Broking is a full service broker which provides great deal of offers to its customers. This comparison between ICICI Direct & Choice Broking is a neck to neck affair.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for all the stock broking companies. This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

ICICI Direct vs Choice Broking

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

Now let’s Compare  Choice BrokingICICI Direct

Overview of ICICI Direct & Choice Broking

Overview ICICI Direct Choice Broking
Company Type Public Private
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Mumbai, Maharashtra
Founder Vjay Chandok Kamal Poddar
Established Year 1994 1992

ICICI Direct vs Choice Broking Customer Ratings Comparison

Customer Ratings ICICI Direct Choice Broking
Experience 8.8 / 10 5.8/10
Products & Services 8.4 / 10 6.8/10
Brokerage Charges & Fees 8.5 / 10 6.2/10
Stock Research & Advisory 7.9 / 10 6.6/10
Trading Platforms 8.6 / 10 5.8/10
Overall Ratings 8.44 / 10 6.4/10
Star Ratings ★★★★☆ ★★★☆☆
Total Client Reviews 4026 152

ICICI Direct vs Choice Broking Demat Account Comparison

Demat Services ICICI Direct Choice Broking
Depository Source NSDL & CDSL CDSL & NSDL
Account Opening Charges Zero Rs.250
Demat AMC Charges Rs 300 (from 2nd year) Free
Trading AMC Charges Rs 0 (Free) Free
Margin Money 75% Margin 75% Margin
Offline to Online S R

Choice Broking vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & Fees ICICI Direct Choice Broking
Equity Delivery Trading 0.55% 0.20%
Equity Intraday Trading Rs 20 per order 0.02%
Commodity Options Trading Rs 20 per order Rs.50 per Lot
Equity Futures Trading Rs 0 (Free) 0.02%
Equity Options Trading Rs 20 per order Rs.25 per Lot
Currency Futures Trading Rs 20 per order 0.02%
Currency Options Trading Rs 20 per order Rs.20 per Lot
Minimum Brokerage Rs.20 per Trade Percentage of Transaction
Demat AMC Charges Rs.300 per Annum from 2nd year Free
Trading AMC Charges Zero Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator ICICI Direct Brokerage Calculator Choice Equity Brokerage Calculator

Choice Broking & ICICI Direct Other Charges Comparison

Other Charges ICICI Direct Choice Broking
Transaction Charges 0.00280% of Total Turnover 0.0000285
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Choice Broking & ICICI Direct Offers

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

Compare Services of ICICI Direct vs Choice Broking

Services ICICI Direct Choice Broking
Demat Services R R
Trading Services R R
3 in 1 Account R S
Intraday Services R R
IPO Services R R
Stock Recommendations R S
Robo Advisory R S
PMS R S
Trading Institution R S
Trading Exposure Upto 5x Upto 5x

Compare Choice Broking & ICICI Direct Research & Advisory

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

ICICI Direct vs Choice Broking Exposure/Leverage

Exposure / Leverage ICICI Direct Choice Broking
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator ICICI Direct Margin Calculator Choice Broking Margin Calculator

ICICI Direct vs Choice Broking Product Comparison

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

ICICI Direct vs Choice Broking Trading Platform Comparison

Trading Platforms ICICI Direct Choice Broking
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R S
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R R
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 R S
Easy Installation R S
Global Indices R R
Stock Tips R R
Personalized Advisory R S
Interactive Charts R S
Live Markets R R
SMS Alerts R S
Email Alerts R R
Multi Account Management R S

ICICI Direct vs Choice Broking Customer Support

Customer Support ICICI Direct Choice Broking
Dedicated Dealer R S
Offline Trading S R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number S S
Branches 226 480

ICICI Direct vs Choice Broking Customer Complaints

Complaints (Current Year) ICICI Direct Choice Broking
Lodged in BSE 225 2
Resolved in BSE 215 2
Lodged in NSE 196 15
Resolved in NSE 182 15

Compare ICICI Direct with other Brokers & Choice Broking with other Brokers

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Icici Direct vs Anand Rathi Choice Broking vs Eureka Securities
Icici Direct vs Arihant Capital Choice Broking vs Fyers
Icici Direct vs Asit C Mehta Choice Broking vs Geojit Finance
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Icici Direct vs Axis Direct Choice Broking vs Jhaveri Securities
Icici Direct vs Bonanza Portfolio Choice Broking vs Jm Financial
Icici Direct vs Choice Broking Choice Broking vs Kifs Trade
Icici Direct vs Edelweiss Choice Broking vs Lkp Securities
Icici Direct vs Eureka Securities Choice Broking vs Mastertrust Capital
Icici Direct vs Fyers Choice Broking vs Monarch Networth Capital
Icici Direct vs Geojit Finance Choice Broking vs Nirmal Bang
Icici Direct vs Hdfc Securities
Icici Direct vs Idbi Direct Choice Broking vs Prabhudas Lilladher
Icici Direct vs Iifl Choice Broking vs Profitmart Securities
Icici Direct vs Jainam Share Consultants Choice Broking vs Shri Parasram Holdings
Icici Direct vs Jhaveri Securities Choice Broking vs Shriram Insight
Icici Direct vs Jm Financial Choice Broking vs Smc Global
Icici Direct vs Karvy Choice Broking vs Sushil Finance
Icici Direct vs Kifs Trade 5Paisa vs Choice Broking
Icici Direct vs Lkp Securities Anand Rathi vs Choice Broking
Icici Direct vs Mastertrust Capital Angel Broking vs Choice Broking

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