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

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of Karvy vs Choice Broking. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Karvy & 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.Karvy 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 Karvy & Choice Broking comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare Choice Broking & Karvy

Overview of Karvy & Choice Broking

Overview Karvy Choice Broking
Company Type Private Private
Broker Type Full Service Broker Full Service Broker
Headquarters Hyderabad, India Mumbai, Maharashtra
Founder C Parthasarathy Kamal Poddar
Established Year 1983 1992

Karvy vs Choice Broking Customer Ratings Comparison

Customer Ratings Karvy Choice Broking
Experience 6.0/10 5.8/10
Products & Services 6.5/10 6.8/10
Brokerage Charges & Fees 7.0/10 6.2/10
Stock Research & Advisory 6.7/10 6.6/10
Trading Platforms 6.5/10 5.8/10
Overall Ratings 6.5/10 6.4/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 1265 152

Karvy vs Choice Broking Demat Account Comparison

Demat Services Karvy Choice Broking
Depository Source CDSL CDSL & NSDL
Account Opening Charges Free Rs.250
Demat AMC Charges Rs.500 per Annum Free
Trading AMC Charges Free Free
Margin Money Zero to Rs.1 lakh Minimum Rs.5,000
Offline to Online S R

Choice Broking vs Karvy Brokerage Charges Comparison

Brokerage Charge & Fees Karvy Choice Broking
Equity Delivery Trading 0.1% – 0.3% 0.33%
Equity Intraday Trading 0.01% – 0.03% 0.03%
Commodity Options Trading 0.01% – 0.03% 0.03%
Equity Futures Trading 0.01% – 0.03% 0.03%
Equity Options Trading Rs.10 – Rs.30 per lot Rs.20 per Lot
Currency Futures Trading 0.01% – 0.03% 0.03%
Currency Options Trading Rs.10 – Rs.30 per lot Rs.30 per Lot
Minimum Brokerage Percentage of Transaction Percentage of Transaction
Demat AMC Charges Rs.500 per annum Free
Trading AMC Charges Free Free
Margin Money Zero to Rs.1 lakh Minimum Rs.5,000
Brokerage Calculator Karvy Brokerage Calculator Choice Equity Brokerage Calculator

Choice Broking & Karvy Other Charges Comparison

Other Charges Karvy Choice Broking
Transaction Charges 0.00325% 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 & Karvy Offers

Offers Karvy Choice Broking
Free Demat Account R R
Free Trading Account S 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 S R
Zero Brokerage for Loss Making Trades S S

Compare Services of Karvy vs Choice Broking

Services Karvy 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 20x Upto 5X

Compare Choice Broking & Karvy Research & Advisory

Research & Advisory Karvy 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 S R
IPO Reports R R
Top Picks S R
Daily Market Review S R
Monthly Reports R R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

Karvy vs Choice Broking Exposure/Leverage

Exposure / Leverage Karvy Choice Broking
Equity Delivery Upto 10x Upto 3X
Equity Intraday Upto 20x Upto 5X
Equity Futures Upto 10x Upto 1X
Equity Options Upto 15x Upto 5X
Currency Futures Upto 12x Upto 2X
Currency Options Upto 10x Upto 6X
Commodities Upto 12x Upto 1X
Margin Calculator Karvy Margin Calculator Choice Broking Margin Calculator

Karvy vs Choice Broking Product Comparison

Products Karvy 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 S S
SIP R R
Insurance S R

Karvy vs Choice Broking Trading Platform Comparison

Trading Platforms Karvy 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

Karvy vs Choice Broking Customer Support

Customer Support Karvy 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 1800 419 8283 S
Branches 110 480

Karvy vs Choice Broking Customer Complaints

Complaints (Current Year) Karvy Choice Broking
Lodged in BSE 210 2
Resolved in BSE 185 2
Lodged in NSE 165 15
Resolved in NSE 143 15

Compare Karvy with other Brokers & Choice Broking with other Brokers


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