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

OverviewIDBI DirectChoice Broking
Company TypePrivatePrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, MaharashtraMumbai, Maharashtra
FounderGurudeo M. Yadwadkar & Rakesh SethiKamal Poddar
Established Year20061992

IDBI Direct vs Choice Broking Customer Ratings Comparison

Customer RatingsIDBI DirectChoice Broking
Experience6.2/105.8/10
Products & Services6.0/106.8/10
Brokerage Charges & Fees6.3/106.2/10
Stock Research & Advisory6.1/106.6/10
Trading Platforms6.0/105.8/10
Overall Ratings6.1/106.4/10
Star Ratings★★★☆☆★★★☆☆
Total Client Reviews157152

IDBI Direct vs Choice Broking Demat Account Comparison

Demat ServicesIDBI DirectChoice Broking
Depository SourceCDSL & NSDLCDSL & NSDL
Account Opening ChargesFreeRs.250
Demat AMC ChargesRs.350 per AnnumFree
Trading AMC ChargesFreeFree
Margin MoneyRs.10,000Minimum Rs.5,000
Offline to OnlineRR

Choice Broking vs IDBI Direct Brokerage Charges Comparison

Brokerage Charge & FeesIDBI DirectChoice Broking
Equity Delivery Trading0.05% – 0.35%0.33%
Equity Intraday Trading0.01% – 0.04%0.03%
Commodity Options Trading0.01% – 0.04%0.03%
Equity Futures Trading0.01% – 0.04%0.03%
Equity Options TradingRs.10 – Rs.60 per lotRs.20 per Lot
Currency Futures Trading0.01% – 0.04%0.03%
Currency Options TradingRs.10 – Rs.60 per lotRs.30 per Lot
Minimum BrokerageRs.20 per executed orderPercentage of Transaction
Demat AMC ChargesRs.350Free
Trading AMC ChargesFreeFree
Margin MoneyRs.10,000Minimum Rs.5,000
Brokerage CalculatorIDBI Direct Brokerage CalculatorChoice Broking Brokerage Calculator

Choice Broking & IDBI Direct Other Charges Comparison

Other ChargesIDBI DirectChoice Broking
Transaction Charges0.00312% of Total Turnover0.0000285
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 Choice Broking & IDBI Direct Offers

OffersIDBI DirectChoice Broking
Free Demat AccountRR
Free Trading AccountRR
Discount on BrokerageRR
Trading Happy HoursSS
Flexible Brokerage PlansRS
1 Month Brokerage FreeSR
Holiday OffersRS
Referral OffersSR
Zero Brokerage for Loss Making TradesSS

Compare Services of IDBI Direct vs Choice Broking

ServicesIDBI DirectChoice Broking
Demat ServicesRR
Trading ServicesRR
3 in 1 AcountRS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRS
Robo AdvisorySS
PMSSS
Trading InstitutionSS
Trading ExposureUpto 15XUpto 5X

Compare Choice Broking & IDBI Direct Research & Advisory

Research & AdvisoryIDBI DirectChoice Broking
Fundamental ReportsRS
Research ReportsRS
Company ReportsSS
Annual ReportsSS
Company Stock ReviewRS
Free Stock TipsRR
IPO ReportsRR
Top PicksRR
Daily Market ReviewRR
Monthly ReportsSR
Weekly ReportsRR
Offline AdvisoryRR
Relationship ManagerRR

IDBI Direct vs Choice Broking Exposure/Leverage

Exposure / LeverageIDBI DirectChoice Broking
Equity DeliveryUpto 3XUpto 3X
Equity IntradayUpto 15XUpto 5X
Equity FuturesUpto 3XUpto 1X
Equity OptionsUpto 5XUpto 5X
Currency FuturesUpto 2XUpto 2X
Currency OptionsUpto 2XUpto 6X
CommoditiesUpto 2XUpto 1X
Margin CalculatorIDBI Direct Margin CalculatorChoice Broking Margin Calculator

IDBI Direct vs Choice Broking Product Comparison

ProductsIDBI DirectChoice Broking
Equity TradingRR
Commodity TradingRR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexSS
BankingRS
SIPRR
InsuranceSR

IDBI Direct vs Choice Broking Trading Platform Comparison

Trading PlatformsIDBI DirectChoice Broking
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRS
Mobile Site PlatformSS
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 InstallationRS
Global IndicesRR
Stock TipsSR
Personalized AdvisorySS
Interactive ChartsRS
Live MarketsRR
SMS AlertsSS
Email AlertsRR
Multi Account ManagementSS

IDBI Direct vs Choice Broking Customer Support

Customer SupportIDBI DirectChoice Broking
Dedicated DealerRS
Offline TradingRR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportSS
Toll Free NumberSS
Branches225480

IDBI Direct vs Choice Broking Customer Complaints

Complaints (Current Year)IDBI DirectChoice Broking
Lodged in BSE462
Resolved in BSE422
Lodged in NSE6515
Resolved in NSE5915

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

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Idbi Direct vs Smc GlobalIdbi Direct vs Choice Broking
Idbi Direct vs Sushil FinanceIifl vs Choice Broking
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Idbi Direct vs Tradebulls SecuritiesKotak Securities vs Choice Broking
Idbi Direct vs Way2WealthMotilal Oswal vs Choice Broking
Idbi Direct vs Yes SecuritiesPaytm Money vs Choice Broking
Iifl vs Idbi DirectReliance Securities vs Choice Broking
Karvy vs Idbi DirectReligare Securities vs Choice Broking
Kotak Securities vs Idbi DirectSamco vs Choice Broking
Motilal Oswal vs Idbi DirectSas Online vs Choice Broking
Paytm Money vs Idbi DirectSbi Cap Securities vs Choice Broking
Reliance Securities vs Idbi DirectSharekhan vs Choice Broking
Religare Securities vs Idbi DirectSwastika Investmart vs Choice Broking
Samco vs Idbi DirectTradebulls Securities vs Choice Broking
Sbi Cap Securities vs Idbi DirectUpstox vs Choice Broking
Sharekhan vs Idbi DirectVentura Securities vs Choice Broking
Upstox vs Idbi DirectWay2Wealth vs Choice Broking
Ventura Securities vs Idbi DirectYes Securities vs Choice Broking
Zerodha vs Idbi DirectZerodha vs Choice Broking

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