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

Last Updated Date - Oct 14, 2022

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.

IIFL 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 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

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

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

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

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

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

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

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

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

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

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

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

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

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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