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

Last Updated Date - Nov 19, 2022

Here is a detailed comparison of Zerodha vs Choice Broking. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Zerodha & 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.

Zerodha vs Choice BrokingIn 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 Zerodha & Choice Broking comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare Choice Broking Zerodha

Overview of Zerodha & Choice Broking

Overview Zerodha Choice Broking
Company Type Private Private
Broker Type Discount Broker Full Service Broker
Headquarters Bangalore, India Mumbai, Maharashtra
Founder  Nithin Kamath, Nikhil Kamath, Dr.Kailash Nadh Kamal Poddar
Established Year 2010 1992

Zerodha vs Choice Broking Customer Ratings Comparison

Customer Ratings Zerodha Choice Broking
Experience 8.7 / 10 5.8/10
Products & Services 9.4 / 10 6.8/10
Brokerage Charges & Fees 9.5 / 10 6.2/10
Stock Research & Advisory 9.6 / 10 6.6/10
Trading Platforms 8.5 / 10 5.8/10
Overall Ratings 9.14 / 10 6.4/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 5893 152

Zerodha vs Choice Broking Demat Account Comparison

Demat Services Zerodha Choice Broking
Depository Source CDSL CDSL & NSDL
Account Opening Charges Rs.200 Rs.250
Demat AMC Charges Rs.300 per Annum Free
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online S R

Choice Broking vs Zerodha Brokerage Charges Comparison

Brokerage Charge & Fees Zerodha Choice Broking
Equity Delivery Trading Rs 0 (Free) 0.20%
Equity Intraday Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.02%
Commodity Options Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs.50 per Lot
Equity Futures Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.02%
Equity Options Trading Flat Rs 20 per executed order (on Turnover) Rs.25 per Lot
Currency Futures Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.02%
Currency Options Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs.20 per Lot
Minimum Brokerage Zero Percentage of Transaction
Demat AMC Charges Rs.300 per Annum Free
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator Zerodha Brokerage Calculator Choice Equity Brokerage Calculator

Choice Broking & Zerodha Other Charges Comparison

Other Charges Zerodha 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 Rs 10 / 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 & Zerodha Offers

Offers Zerodha Choice Broking
Free Demat Account S R
Free Trading Account S R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans S 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 Zerodha vs Choice Broking

Services Zerodha Choice Broking
Demat Services R R
Trading Services R R
3 in 1 Acount S S
Intraday Services R R
IPO Services R R
Stock Recommendations S S
Robo Advisory S S
PMS R S
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Choice Broking & Zerodha Research & Advisory

Research & Advisory Zerodha Choice Broking
Fundamental Reports S S
Research Reports S S
Company Reports S S
Annual Reports S S
Company Stock Review S S
Free Stock Tips S R
IPO Reports S R
Top Picks S R
Daily Market Review S R
Monthly Reports S R
Weekly Reports S R
Offline Advisory S R
Relationship Manager S R

Zerodha vs Choice Broking Exposure/Leverage

Exposure / Leverage Zerodha 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 Zerodha Margin Calculator Choice Broking Margin Calculator

Zerodha vs Choice Broking Product Comparison

Products Zerodha 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

Zerodha vs Choice Broking Trading Platform Comparison

Trading Platforms Zerodha 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

Zerodha vs Choice Broking Customer Support

Customer Support Zerodha Choice Broking
Dedicated Dealer S 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 S S
Branches Zero 480

Zerodha vs Choice Broking Customer Complaints

Complaints (Current Year) Zerodha Choice Broking
Lodged in BSE 220 2
Resolved in BSE 217 2
Lodged in NSE 189 15
Resolved in NSE 185 15

 


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