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

Experience2.9/5
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

    SBI SmartAditya Birla MoneyAsit C Mehta InvestmentBonanza Portfolio
    Narnolia SecuritiesAlice Blue OnlineAstha Trade5Paisa
    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.

    Get a Call back from Choice Equity

      Fill Your Details Here
      1. Open Demat Account

      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
      OptionsYes
      FuturesYes
      Mutual FundsYes
      ForexNo
      BankingNo
      SIPYes
      InsuranceYes

      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
      PMSNo
      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
      Branches18

      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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        1. Open Demat Account

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