Here is a detailed comparison of IDBI Direct vs Choice Broking. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IDBI Direct & Choice Broking 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.
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 IDBI Direct & Choice Broking comparison will give a very detailed overview of which stock broker is suitable for you.
Now let’s compare Choice Broking & IDBI Direct
Overview of IDBI Direct & Choice Broking |
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| Overview | IDBI Direct | Choice Broking |
| Company Type | Private | Private |
| Broker Type | Full Service Broker | Full Service Broker |
| Headquarters | Mumbai, Maharashtra | Mumbai, Maharashtra |
| Founder | Gurudeo M. Yadwadkar & Rakesh Sethi | Kamal Poddar |
| Established Year | 2006 | 1992 |
IDBI Direct vs Choice Broking Customer Ratings Comparison |
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| Customer Ratings | IDBI Direct | Choice Broking |
| Experience | 6.2/10 | 5.8/10 |
| Products & Services | 6.0/10 | 6.8/10 |
| Brokerage Charges & Fees | 6.3/10 | 6.2/10 |
| Stock Research & Advisory | 6.1/10 | 6.6/10 |
| Trading Platforms | 6.0/10 | 5.8/10 |
| Overall Ratings | 6.1/10 | 6.4/10 |
| Star Ratings | ★★★☆☆ | ★★★☆☆ |
| Total Client Reviews | 157 | 152 |
IDBI Direct vs Choice Broking Demat Account Comparison |
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| Demat Services | IDBI Direct | Choice Broking |
| Depository Source | CDSL & NSDL | CDSL & NSDL |
| Account Opening Charges | Free | Rs.250 |
| Demat AMC Charges | Rs.350 per Annum | Free |
| Trading AMC Charges | Free | Free |
| Margin Money | Rs.10,000 | Minimum Rs.5,000 |
| Offline to Online | R | R |
Choice Broking vs IDBI Direct Brokerage Charges Comparison |
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| Brokerage Charge & Fees | IDBI Direct | Choice Broking |
| Equity Delivery Trading | 0.05% – 0.35% | 0.33% |
| Equity Intraday Trading | 0.01% – 0.04% | 0.03% |
| Commodity Options Trading | 0.01% – 0.04% | 0.03% |
| Equity Futures Trading | 0.01% – 0.04% | 0.03% |
| Equity Options Trading | Rs.10 – Rs.60 per lot | Rs.20 per Lot |
| Currency Futures Trading | 0.01% – 0.04% | 0.03% |
| Currency Options Trading | Rs.10 – Rs.60 per lot | Rs.30 per Lot |
| Minimum Brokerage | Rs.20 per executed order | Percentage of Transaction |
| Demat AMC Charges | Rs.350 | Free |
| Trading AMC Charges | Free | Free |
| Margin Money | Rs.10,000 | Minimum Rs.5,000 |
| Brokerage Calculator | IDBI Direct Brokerage Calculator | Choice Broking Brokerage Calculator |
Choice Broking & IDBI Direct Other Charges Comparison |
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| Other Charges | IDBI Direct | Choice Broking |
| Transaction Charges | 0.00312% of Total Turnover | 0.0000285 |
| 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 Choice Broking & IDBI Direct Offers |
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| Offers | IDBI Direct | Choice Broking |
| Free Demat Account | R | R |
| Free Trading Account | R | R |
| Discount on Brokerage | R | R |
| Trading Happy Hours | S | S |
| Flexible Brokerage Plans | R | S |
| 1 Month Brokerage Free | S | R |
| Holiday Offers | R | S |
| Referral Offers | S | R |
| Zero Brokerage for Loss Making Trades | S | S |
Compare Services of IDBI Direct vs Choice Broking |
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| Services | IDBI Direct | Choice Broking |
| Demat Services | R | R |
| Trading Services | R | R |
| 3 in 1 Acount | R | S |
| Intraday Services | R | R |
| IPO Services | R | R |
| Stock Recommendations | R | S |
| Robo Advisory | S | S |
| PMS | S | S |
| Trading Institution | S | S |
| Trading Exposure | Upto 15X | Upto 5X |
Compare Choice Broking & IDBI Direct Research & Advisory |
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| Research & Advisory | IDBI Direct | Choice Broking |
| Fundamental Reports | R | S |
| Research Reports | R | S |
| Company Reports | S | S |
| Annual Reports | S | S |
| Company Stock Review | R | S |
| Free Stock Tips | R | R |
| IPO Reports | R | R |
| Top Picks | R | R |
| Daily Market Review | R | R |
| Monthly Reports | S | R |
| Weekly Reports | R | R |
| Offline Advisory | R | R |
| Relationship Manager | R | R |
IDBI Direct vs Choice Broking Exposure/Leverage |
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| Exposure / Leverage | IDBI Direct | Choice Broking |
| Equity Delivery | Upto 3X | Upto 3X |
| Equity Intraday | Upto 15X | Upto 5X |
| Equity Futures | Upto 3X | Upto 1X |
| Equity Options | Upto 5X | Upto 5X |
| Currency Futures | Upto 2X | Upto 2X |
| Currency Options | Upto 2X | Upto 6X |
| Commodities | Upto 2X | Upto 1X |
| Margin Calculator | IDBI Direct Margin Calculator | Choice Broking Margin Calculator |
IDBI Direct vs Choice Broking Product Comparison |
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| Products | IDBI Direct | Choice Broking |
| Equity Trading | R | R |
| Commodity Trading | R | R |
| Currency Trading | R | R |
| Options | R | R |
| Futures | R | R |
| Mutual Funds | R | R |
| Forex | S | S |
| Banking | R | S |
| SIP | R | R |
| Insurance | S | R |
IDBI Direct vs Choice Broking Trading Platform Comparison |
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| Trading Platforms | IDBI Direct | Choice Broking |
| Desktop Platform – Windows | R | R |
| Desktop Platform – Mac | R | R |
| Desktop Browser Platform | R | S |
| Mobile Site Platform | S | 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 | S | S |
| Easy Installation | R | S |
| Global Indices | R | R |
| Stock Tips | S | R |
| Personalized Advisory | S | S |
| Interactive Charts | R | S |
| Live Markets | R | R |
| SMS Alerts | S | S |
| Email Alerts | R | R |
| Multi Account Management | S | S |
IDBI Direct vs Choice Broking Customer Support |
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| Customer Support | IDBI Direct | Choice Broking |
| Dedicated Dealer | R | S |
| Offline Trading | R | R |
| Online Trading | R | R |
| 24*7 Support | S | S |
| Email Support | R | R |
| Chat Support | S | S |
| Toll Free Number | S | S |
| Branches | 225 | 480 |
IDBI Direct vs Choice Broking Customer Complaints |
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| Complaints (Current Year) | IDBI Direct | Choice Broking |
| Lodged in BSE | 46 | 2 |
| Resolved in BSE | 42 | 2 |
| Lodged in NSE | 65 | 15 |
| Resolved in NSE | 59 | 15 |
Compare IDBI Direct with other Brokers & Choice Broking with other Brokers
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