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

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.

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

Now let’s compare Choice BrokingIDBI Direct

Overview of IDBI Direct & Choice Broking

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

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

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

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

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

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

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

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

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

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

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

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

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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Idbi Direct vs Smc Global Idbi Direct vs Choice Broking
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Idbi Direct vs Tradebulls Securities Kotak Securities vs Choice Broking
Idbi Direct vs Way2Wealth Motilal Oswal vs Choice Broking
Idbi Direct vs Yes Securities Paytm Money vs Choice Broking
Iifl vs Idbi Direct Reliance Securities vs Choice Broking
Karvy vs Idbi Direct Religare Securities vs Choice Broking
Kotak Securities vs Idbi Direct Samco vs Choice Broking
Motilal Oswal vs Idbi Direct Sas Online vs Choice Broking
Paytm Money vs Idbi Direct Sbi Cap Securities vs Choice Broking
Reliance Securities vs Idbi Direct Sharekhan vs Choice Broking
Religare Securities vs Idbi Direct Swastika Investmart vs Choice Broking
Samco vs Idbi Direct Tradebulls Securities vs Choice Broking
Sbi Cap Securities vs Idbi Direct Upstox vs Choice Broking
Sharekhan vs Idbi Direct Ventura Securities vs Choice Broking
Upstox vs Idbi Direct Way2Wealth vs Choice Broking
Ventura Securities vs Idbi Direct Yes Securities vs Choice Broking
Zerodha vs Idbi Direct Zerodha vs Choice Broking

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