Here is a detailed comparison of IIFL vs Choice Broking. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IIFL & 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 IIFL & Choice Broking comparison will give a very detailed overview of which stock broker is suitable for you.
Now let’s Compare Choice Broking & IIFL
Overview of IIFL & Choice Broking |
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| Overview | IIFL | Choice Broking |
| Company Type | Public | Private |
| Broker Type | Full Service Broker | Full Service Broker |
| Headquarters | Thane | Mumbai, Maharashtra |
| Founder | Nirmal Jain, R. Venkataraman | Kamal Poddar |
| Established Year | 1995 | 1992 |
IIFL vs Choice Broking Customer Ratings Comparison |
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| Customer Ratings | IIFL | Choice Broking |
| Experience | 8.8 / 10 | 5.8/10 |
| Products & Services | 9.0 / 10 | 6.8/10 |
| Brokerage Charges & Fees | 8.8 / 10 | 6.2/10 |
| Stock Research & Advisory | 8.2 / 10 | 6.6/10 |
| Trading Platforms | 8.9 / 10 | 5.8/10 |
| Overall Ratings | 8.74 / 10 | 6.4/10 |
| Star Ratings | ★★★★★ | ★★★☆☆ |
| Total Client Reviews | 7218 | 152 |
IIFL vs Choice Broking Demat Account Comparison |
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| Demat Services | IIFL | Choice Broking |
| Depository Source | NSDL & CDSL | CDSL & NSDL |
| Account Opening Charges | Rs 295 | Rs.250 |
| Demat AMC Charges | Rs 0 (Free for 1st year) | Free |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Offline to Online | R | R |
Choice Broking vs IIFL Brokerage Charges Comparison |
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| Brokerage Charge & Fees | IIFL | Choice Broking |
| Equity Delivery Trading | Rs 0 (Free) | 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 20 per order | 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.0.05 per Share | Percentage of Transaction |
| Demat AMC Charges | Rs 0 (Free for 1st year) | Free |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Brokerage Calculator | IIFL Brokerage Calculator | Choice Equity Brokerage Calculator |
Choice Broking & IIFL Other Charges Comparison |
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| Other Charges | IIFL | Choice Broking |
| Transaction Charges | 0.00325% 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 & IIFL Offers |
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| Offers | IIFL | Choice Broking |
| Free Demat Account | S | R |
| Free Trading Account | R | R |
| Discount on Brokerage | S | R |
| Trading Happy Hours | S | 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 | S | S |
Compare Services of IIFL vs Choice Broking |
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| Services | IIFL | Choice Broking |
| Demat Services | R | R |
| Trading Services | R | R |
| 3 in 1 Account | S | S |
| Intraday Services | R | R |
| IPO Services | R | R |
| Stock Recommendations | R | S |
| Robo Advisory | S | S |
| PMS | R | S |
| Trading Institution | S | S |
| Trading Exposure | Upto 5x | Upto 5x |
Compare Choice Broking & IIFL Research & Advisory |
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| Research & Advisory | IIFL | 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 | R | R |
| IPO Reports | R | R |
| Top Picks | R | R |
| Daily Market Review | R | R |
| Monthly Reports | R | R |
| Weekly Reports | R | R |
| Offline Advisory | R | R |
| Relationship Manager | R | R |
IIFL vs Choice Broking Exposure/Leverage |
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| Exposure / Leverage | IIFL | 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 | IIFL Margin Calculator | Choice Broking Margin Calculator |
IIFL vs Choice Broking Product Comparison |
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| Products | IIFL | 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 | R | S |
| Banking | S | S |
| SIP | R | R |
| Insurance | S | R |
IIFL vs Choice Broking Trading Platform Comparison |
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| Trading Platforms | IIFL | 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 |
IIFL vs Choice Broking Customer Support |
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| Customer Support | IIFL | Choice Broking |
| Dedicated Dealer | R | S |
| Offline Trading | S | R |
| Online Trading | R | R |
| 24*7 Support | R | S |
| Email Support | R | R |
| Chat Support | R | S |
| Toll Free Number | 1800 3000 1155 | S |
| Branches | 120 | 480 |
IIFL vs Choice Broking Customer Complaints |
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| Complaints (Current Year) | IIFL | Choice Broking |
| Lodged in BSE | 145 | 2 |
| Resolved in BSE | 122 | 2 |
| Lodged in NSE | 214 | 15 |
| Resolved in NSE | 212 | 15 |
Compare IIFL with other Brokers & Choice Broking with other Brokers
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