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

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 / India Infoline & Choice Broking

OverviewIIFLChoice Broking
Company TypePublicPrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaMumbai, Maharashtra
FounderNirmal JainKamal Poddar
Established Year19951992

IIFL / India Infoline vs Choice Broking Customer Ratings Comparison

Customer RatingsIIFLChoice Broking
Experience8.0/105.8/10
Products & Services8.0/106.8/10
Brokerage Charges & Fees6.3/106.2/10
Stock Research & Advisory6.5/106.6/10
Trading Platforms7.0/105.8/10
Overall Ratings7.1/106.4/10
Star Ratings★★★★☆★★★☆☆
Total Client Reviews293152

IIFL / India Infoline vs Choice Broking Demat Account Comparison

Demat ServicesIIFLChoice Broking
Depository SourceNSDL & CDSLCDSL & NSDL
Account Opening ChargesRs.1300Rs.250
Demat AMC ChargesFree or Rs.300 per AnnumFree
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.25,000Minimum Rs.5,000
Offline to OnlineRR

Choice Broking vs IIFL / India Infoline Brokerage Charges Comparison

Brokerage Charge & FeesIIFLChoice Broking
Equity Delivery Trading0.50%0.33%
Equity Intraday Trading0.05%0.03%
Commodity Options Trading0.05%0.03%
Equity Futures Trading0.05%0.03%
Equity Options TradingRs.100 per Lot or 1% of Premium (Takes higher Amount)Rs.20 per Lot
Currency Futures Trading0.05%0.03%
Currency Options TradingRs.100 per Lot or 1% of Premium (Takes higher Amount)Rs.30 per Lot
Minimum BrokerageRs.0.05 per SharePercentage of Transaction
Demat AMC ChargesFree or Rs.300 per AnnumFree
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.25,000Minimum Rs.5,000
Brokerage CalculatorIIFL Brokerage CalculatorChoice Equity Brokerage Calculator

Choice Broking & IIFL / India Infoline Other Charges Comparison

Other ChargesIIFLChoice Broking
Transaction Charges0.00325% 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 & IIFL / India Infoline Offers

OffersIIFLChoice Broking
Free Demat AccountRR
Free Trading AccountSR
Discount on BrokerageSR
Trading Happy HoursSS
Flexible Brokerage PlansRS
1 Month Brokerage FreeSR
Holiday OffersSS
Referral OffersRR
Zero Brokerage for Loss Making TradesSS

Compare Services of IIFL / India Infoline vs Choice Broking

ServicesIIFLChoice Broking
Demat ServicesRR
Trading ServicesRR
3 in 1 AccountSS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRS
Robo AdvisorySS
PMSRS
Trading InstitutionSS
Trading ExposureUpto 10xUpto 5X

Compare Choice Broking & IIFL / India Infoline Research & Advisory

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

IIFL / India Infoline vs Choice Broking Exposure/Leverage

Exposure / LeverageIIFLChoice Broking
Equity DeliveryUpto 5xUpto 3X
Equity IntradayUpto 10xUpto 5X
Equity FuturesUpto 7xUpto 1X
Equity OptionsUpto 5xUpto 5X
Currency FuturesUpto 8xUpto 2X
Currency OptionsUpto 5xUpto 6X
CommoditiesUpto 8xUpto 1X
Margin CalculatorIifl Margin CalculatorChoice Broking Margin Calculator

IIFL / India Infoline vs Choice Broking Product Comparison

ProductsIIFLChoice Broking
Equity TradingRR
Commodity TradingRR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexRS
BankingSS
SIPRR
InsuranceSR

IIFL / India Infoline vs Choice Broking Trading Platform Comparison

Trading PlatformsIIFLChoice Broking
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRS
Mobile Site PlatformRS
Android App PlatformRR
iOS App PlatformRR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsRS
Easy InstallationRS
Global IndicesRR
Stock TipsRR
Personalized AdvisoryRS
Interactive ChartsRS
Live MarketsRR
SMS AlertsRS
Email AlertsRR
Multi Account ManagementRS

IIFL / India Infoline vs Choice Broking Customer Support

Customer SupportIIFLChoice Broking
Dedicated DealerRS
Offline TradingSR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportRS
Toll Free Number1800 3000 1155S
Branches120480

IIFL / India Infoline vs Choice Broking Customer Complaints

Complaints (Current Year)IIFLChoice Broking
Lodged in BSE1452
Resolved in BSE1222
Lodged in NSE21415
Resolved in NSE21215

Compare IIFL with other Brokers &  Choice Broking with other Brokers

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Edelweiss vs IiflChoice Broking vs Alice Blue Online
Icici Direct vs IiflChoice Broking vs Arihant Capital
Iifl vs 5PaisaChoice Broking vs Astha Trade
Iifl vs Aditya Birla MoneyChoice Broking vs Eureka Securities
Iifl vs Alice Blue OnlineChoice Broking vs Fyers
Iifl vs Anand RathiChoice Broking vs Geojit Finance
Iifl vs Arihant CapitalChoice Broking vs Jainam Share Consultants
Iifl vs Asit C MehtaChoice Broking vs Jhaveri Securities
Iifl vs Astha TradeChoice Broking vs Jm Financial
Iifl vs Axis DirectChoice Broking vs Kifs Trade
Iifl vs Bonanza PortfolioChoice Broking vs Lkp Securities
Iifl vs Choice BrokingChoice Broking vs Mastertrust Capital
Iifl vs Eureka SecuritiesChoice Broking vs Monarch Networth Capital
Iifl vs FyersChoice Broking vs Nirmal Bang
Iifl vs Geojit FinanceChoice Broking vs Nj Wealth
Iifl vs Hdfc SecuritiesChoice Broking vs Prabhudas Lilladher
Iifl vs Idbi DirectChoice Broking vs Profitmart Securities
Iifl vs Jainam Share ConsultantsChoice Broking vs Shri Parasram Holdings
Iifl vs Jhaveri SecuritiesChoice Broking vs Shriram Insight
Iifl vs Jm FinancialChoice Broking vs Smc Global
Iifl vs KarvyChoice Broking vs Sushil Finance
Iifl vs Kifs Trade5Paisa vs Choice Broking
Iifl vs Lkp SecuritiesAnand Rathi vs Choice Broking
Iifl vs Mastertrust CapitalAngel Broking vs Choice Broking

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