Choice Broking Review, Brokerage Charges, Demat A/C, Platfroms & more

Choice Broking is one of the best stockbroking firm available in India. They are a full service brokers based out of Mumbai.

Let’s have a detailed discussion about Choice Broking brokerage charges, trading platforms, offers, services, products, exposure, research and advisory and many other features as well.

Choice Equity offers

Choice Equity Customer Ratings & Review

Products & Services3.4/5
Brokerage Charges & Fees3.1/5
Stock Research & Advisory3.3/5
Trading Platforms2.9/5
Overall Ratings3.2/5
Star Ratings★★★☆☆
Total Client Reviews152


About Choice Equity

The table chart provided below is giving the entire details about the Choice Broking-

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersMumbai, Maharashtra
MDKamal Poddar
Established Year2010

Choice Equity

Choice Broking is the renowned full-service broker based in Mumbai, Maharashtra. The company was established in the year 2010.

The stockbroking company is a member of BSE, NSE, MCX, NCDEX, MCX-SX and a depository participant of CDSL.

Open Demat Account with Choice Equity

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Choice Equity Brokerage Charges

The table chart given below is providing the information regarding the brokerage charges structure of Choice Broking-

Equity Delivery Trading0.33%
Equity Intraday Trading0.03%
Commodity Options Trading0.03%
Equity Futures Trading0.03%
Equity Options TradingRs.20 per Lot
Currency Futures Trading0.03%
Currency Options TradingRs.30 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Brokerage CalculatorChoice Equity Brokerage Calculator

The stockbroking house usually charges brokerage fees as per the percentage of the transaction. It charges 0.33% on equity delivery trading, 0.03% on equity intraday trading, commodity options trading, equity futures trading and currency futures trading.

The stockbroking house also charges Rs.20 per lot on equity options trading and Rs.30 per lot on currency options trading.

The best thing about the company is it does not charge any type of AMC for demat and trading account maintenance. It only asks for the margin money minimum of Rs.5,000 from all its customers.

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Choice Equity Other Charges

The table chart provided below is detailing about Choice Broking other charges-

Transaction Charges0.00285%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

With brokerage charges, the broking house charges some other charges that are normally based on minimum market value.

The company charges 0.00285% as transaction charges, 0.0126% of total turnover as STT, 0.0002% of total turnover as SEBI charges, stamp duty charges has a dependency on the state and 18% of (brokerage + transaction) charges as GST.


Choice Equity Demat Account Opening Fees

The table chart given below is providing the entire details regarding Choice Broking Account Opening Fees-

Depository SourceCDSL & NSDL
Account Opening ChargesRs.250
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyMinimum Rs.5,000
Offline to OnlineYes

Choice Broking is the top-notch stockbroker offers convenience demat and trading account services at Rs.250 only. It’s depository source is NSDL and CDSL.

Apart from that, the company charges Rs.5,000 as margin money from all of its customers. Also, it offers offline to online trading option t the users for huge satisfaction and convenience.

Choice Equity Offers

The table chart given below is providing the entries details about Choice Broking Offers-

Free Demat AccountYes
Free Trading AccountYes
Discount on BrokerageYes
Trading Happy HoursNo
Flexible Brokerage PlansNo
1 Month Brokerage FreeYes
Holiday OffersNo
Referral OffersYes
Zero Brokerage for Loss Making TradesNo

Choice Broking is the most reliable and trustworthy booking service providing company. It provides brokerage services at the best possible rates.

Apart from that, the broking house offers various amazing offers to the customers for huge satisfaction. The list of offers is given below-

  • The stockbroking house enables customers to open up a trading and demat account at your convenience.
  • It also offers a massive discount on brokerage to the customers.
  • Apart from that, flexible referral offers are provided to the customers.

To know about offers of other stock brokers check below

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ZerodhaAnand RathiBMA Wealth CreatorsGeojit Finance

How to Open a Demat Account with Choice Equity?

Demat account is the most necessary thing to have at the time of trading. It is like an electronic vault helps in keeping shares and stocks safe.

If you are looking forward to opening up a trading account to safeguard your shares and securities, choice broking is the right platform for you. As this company offers flexibility in opening up a demat account at very reasonable charges.

Please follow the steps given below to open up a demat account-

  • All you need is to fill up lead demat form accurately and click on to the “SUBMIT” button to submit the form successfully to the company.
  • After that you will be needed to upload all the mandatory KYC documents such as- aadhar card, PAN card, identity proof, age proof and photograph.
  • Once you upload all the necessary KYC documents and demat form successfully to the company.
  • Then, any concerned person from the company will call you for an entire verification process.
  • After the complete verification process, you will be finally informed regarding your demat account opening.
  • After that, you can access your account with ease and flexibility.

Why Open Choice Equity Trading Account?

Trading account plays a vital role during the trading process. Without a trading account, trading cannot be done. You require to have a trading account in order to buy and sell goods in the stock market successfully.

Choice Broking is one of the reliable and popular company enables users to easily open up a trading account. Here are some benefits of Choice Broking Trading Account listed below-

  • The broking house provides flexibility in opening up a trading account.
  • It provides qualitative products and services to the customers for easy trading.
  • Apart from that, flexible trading platforms are provided for massive trading experience.

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Choice Equity Products & Services

The table chart providing below is detailing about the Choice Broking Products & Services –

Products Offered by Choice Equity

Equity TradingYes
Commodity TradingYes
Currency TradingYes
Mutual FundsYes

Choice Broking is the best full-service broker available in the stock market. It offers very flexible trading and investment products to its users for betterment at lowest brokerage charges.

The list of products offered by the stockbroking house is given below-

  • Equity trading
  • Commodity trading
  • Currency trading
  • Options
  • Futures
  • Mutual Funds
  • SIP
  • Insurance

All the above-mentioned products are really very useful and customised according to the needs and requirements of the customers. Users can raise their trading performance with these products.

Choice Equity Service Offerings

Demat ServicesYes
Trading ServicesYes
3 in 1 AccountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsNo
Robo AdvisoryNo
Trading InstitutionNo
Trading ExposureUpto 5X

Choice Broking is good at offering reliable trading services to all its users for massive trading performance and experience.

It gives instant feedback to the questions and queries of the customers. The list of trading services offered to the users is given below-

  • Demat Services
  • Trading Services
  • Intraday Services
  • IPO Services

All the above services are given to its customers in wide-range. And also, the company provides trading exposure of up to 5x.


Choice Equity Research, Advisory and Stock Tips

The table chart given below is providing the entire details regarding Choice Broking research & advisory

Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

The Choice Broking house is considered as the best stockbroking house which offers deep research analysis and advisory to all of its users. The list of research & advisory offered to the customers is given below-

  • The broking house offers IPO reports, monthly reports, weekly reports to the customers for great satisfaction and convenience.
  • Free stock tips and top picks of stocks are also offered.
  • Relationship manager and offline advisory availability for the customers. So that customers can easily trade and resolve any of their queries related to trading easily.

Choice Equity Exposure or Leverage

The table given below is providing information about Choice Broking Exposure/ Leverage-

Equity DeliveryUpto 3X
Equity IntradayUpto 5X
Equity FuturesUpto 1X
Equity OptionsUpto 5X
Currency FuturesUpto 2X
Currency OptionsUpto 6X
CommoditiesUpto 1X
Margin CalculatorChoice Broking Margin Calculator

The stockbroking house provides flexible products and services with an exposure of up to 6x. The highest exposure provided by the company on currency options, equity options and equity intraday.

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Choice Equity Trading Platforms

Desktop Platform – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformNo
Mobile Site PlatformNo
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsNo
Easy InstallationNo
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsNo
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

Choice Broking is the top-notch investment services providing company. It enables users to trade in securities, commodities and equities with trading platforms.

It’s provided trading platforms gives massive trading experience to all the users. The trading platforms provided by the company are given below-

Choice Broking Jiffy Mobile App

Choice Broking company has currently launched its new trading app called Jiffy. The app offers fast and speedy trading performance to all the users.

Features of Jiffy Mobile App-

  • Enables users to trade across- derivatives, equities, commodities and currencies.
  • Multiple charts are available for deep fundamental analysis.
  • Notifications and alerts.
  • Users can personalise watch lists according to their trading needs and requirements.

Choice Broking Index Mobile App

Choice Index Mobile App is a decent trading application customised by the company for its users. It is accessible in Android and iOS both.

Features of Choice Index Mobile App –

  • It provides real times feeds to the clients for multiple data points.
  • It avails charts for deep fundamental and technical analysis.
  • Enables users to create various watch lists.
  • Research reports, recommendations and tips are also available.
  • AMO ( aftermarket orders) are allowed.

Choice Broking Investica – Mutual Fund Investment App

Choice Investica is another flexible application designed by Choice Broking. Investica is an website developed by Choice Broking which focuses entirely on Mutual Fund Investments.

Investica comes with mutual fund investment web platform as well as Mobile Apps for both Android & iOS.

Features of Choice Investica –

  • User-friendly and lightweight trading application.
  • Provides massive trading experience.
  • Users can trade with this app across multiple segments.
  • Real-time and news are available for depth analysis.
  • Various order types allowed including, AMO

Choice Equity Customer Care

Dedicated DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Support Number
Email SupportYes
Chat SupportNo
Toll Free NumberNo

Choice Broking house is also good at offering good customer support to all its users. It provides flexibility in online and offline trading both.

Customers can email the company executive to resolve any of the queries. Apart from that, they can physically visit the branches of the company to resolve queries immediately.

Choice Equity Complaints and Feedback

Lodged in BSE2
Resolved in BSE2
Lodged in NSE15
Resolved in NSE15

Choice Broking house usually resolves complaints on time and giving feedback to the customers in time. According to the table chart given above, the company has worked well and served people at their best.

Choice Equity Disadvantages

With impressive advantages, the Choice Broking has some disadvantages also-

  • The company does not avail 3 in 1 account opening facility.
  • Does not provide margin and brokerage calculator.
  • No flexible brokerage plans are provided.

Choice Equity Conclusion

Choice Broking is a reliable company offering multiple trading products and services with trading platform services. The offerings of the company are really flexible and also emerged to gain top position in the stock market.

If you are looking for the trading services, go for Choice Broking and enjoy its product offerings at nominal brokerage charges.

Open Demat Account with Choice Equity

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