K R Choksey Review, Brokerage Charges, Demat Account, Platforms & more

K R Choksey operates under licenses with Stock Exchanges: BSE, NSE, MCX, and NCDEX.

This company has emerged out as a leader in the financial industry by growing the brand into every part of the country and to every part of the world through their integrated financial solutions which cater to varied customer segments.

Get a quick look at the detailed review of K R Choksey by reading further. This review will focus on each and every aspect of the brokerage house starting from its brokerage to the complaints it has received.

Kr Choksey offers


K R Choksey Customer Ratings & Review

Experience 2.6/5
Products & Services 2.9/5
Brokerage Charges & Fees 2.4/5
Stock Research & Advisory 2.5/5
Trading Platforms 2.3/5
Overall Ratings 2.5/5
Star Ratings ★★★☆☆
Total Client Reviews 98

 


About K R Choksey

Company Type Public
Broker Type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Kisanbhai R. Choksey
Established Year 1979

K R Choksey

K R Choksey is a Public Company which has the rights of a Full-Service Broker.

This broking company was founded in the year 1979 under the guidance and leadership of none other than Mr. Kisanbhai R. Choksey.

This Public Company has its registered office located in Mumbai, Maharashtra.


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K R Choksey Brokerage Charges

K R Choksey is known and established a name in the broking industry. The brokerage charges collected by them are fairly justified and reasonable enough for one to spare it out.

Here below are the details of their Brokerage Charges for your perusal:

Equity Delivery Trading 0.22%
Equity Intraday Trading 0.02%
Commodity Options Trading 0.02%
Equity Futures Trading 0.02%
Equity Options Trading Rs.22 per Lot
Currency Futures Trading 0.02%
Currency Options Trading Rs.22 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Free
Trading AMC Charges Rs.450 per Annum
Margin Money Minimum Rs.20,000
Brokerage Calculator KR Choksey Brokerage Calculator

K R Choksey charges 0.22% from its clients for taking delivery in the equity segment. For the rest of the segments like intraday, futures, and commodities the charges are very nominal which is 0.02%.

The options trading segment bears a charge of Rs. 22 per lot for both equity and currency options.


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K R Choksey Other Charges

Transaction Charges 0.00283%
STT 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges)

These charges are fixed in nature as they are mandated by the government and SEBI. The charges include – STT, SEBI Turnover, Stamp Duty and GST. There is a guideline set by the government towards a fixed percentage against each of these charges.

There is no way where one can escape from paying these charges or reducing the amount/percentage of any of these charges. Please note you will have to pay 0.00283% as the Transaction charge to K R Choksey.

The GST you have to pay at 18% rate has to be calculated on the summation of the brokerage and transaction charges of the same transaction.


 

K R Choksey Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.300
Demat AMC Charges Free
Trading AMC Charges Rs.450 per Annum
Margin Money Minimum Rs.20,000
Offline to Online Yes

The firm charges Rs. 300 for opening Demat and trading account which is a 2-in-1 account. The Margin Money collected by them is Rs. 20,000/- as the minimum amount which has to be there in the trading account.

Though the annual maintenance charges for the Demat account is free, the trading account AMC is too high at Rs. 450 per annum if compared to its peers.


K R Choksey Offers

Free Demat Account Yes
Free Trading Account No
Discount on Brokerage Yes
Trading Happy Hours No
Flexible Brokerage Plans No
1 Month Brokerage Free No
Holiday Offers Yes
Referral Offers No
Zero Brokerage for Loss Making Trades No
  • This broker grants the facility of opening a free Demat Account to their investors.
  • Free trading account opening along with Demat
  • The clients also get the facility to avail the benefits of Discount on Brokerage
  • Holiday Offers from this Full-Service Broker is also available

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How to Open a Demat Account with K R Choksey?

Opening a Demat Account with K R Choksey is not at all very tedious.

All you need to do is to either go and visit any one of their nearby branch office in person and if that is not possible then you can also make an online application.

For applying online you have to –

  • First click on the “Open Demat Account” button below. Fill up the pop-up form with your name, mobile no. & city details.
  • Once completed filling the form start uploading the scanned copies of all your KYC documents that would include PAN card, Address Proof, Identity proof, photographs and mandatorily the AADHAAR card.
  • Once the form and documents are received by K R Choksey team, an executive will immediately call you on the contact number provided in the form for the verification purpose.
  • Then without any delay, your Demat Account is likely to get activated with K R Choksey within a short span of time may be around in an hour or two post the verification process.

Why Open K R Choksey Trading Account?

Well, it is only a Trading Account that enables you to trade your stocks in the market which ideally are kept in safe custody at your Demat Account.

In other words, Trading Account is to trade and Demat Account is to keep your shares safe.

K R Choksey has a plethora of hassle-free offers that have easy trading platforms for your stocks.

  • K R Choksey plans and allocates wealth as per the needs of their customers.
  • They focus on developing a realistic, comprehensive investment plan to meet the financial goals of their clients.
  • They provide Online and Offline trading solutions with value-added tools & services
  • One best advantage of this brokerage company is that they have Lower transaction costs.
  • Their User-friendly Online Trading portal helps investors to buy and sell their trades online using the online platform.

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K R Choksey Products & Services

You can check the list of Products & Services offered by stock broker –

Products Offered by K R Choksey

Equity Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
SIP Yes
Insurance Yes

You can avail the benefits of any one or of all the above-mentioned trading and investment products offered by K R Choksey to boost your trade.

The stockbroker has not limited its products to the equities and the commodities or the currencies but also have mutual funds, SIP investment products, and Insurance products as well which makes it a complete financial service company.

K R Choksey Service Offerings

Demat Services Yes
Trading Services Yes
3 in 1 Account No
Intraday Services Yes
IPO Services Yes
Stock Recommendations Yes
Robo Advisory No
PMS Yes
Trading Institution Yes
Trading Exposure Upto 6X

The firm offers the regular stock broker services like trading facility and Demat facility.

The trading services include intraday, IPO trading as well. Apart from these, there are Stock Recommendations, PMS and Trading Institution are the select few services offered by K R Choksey to the investors.


 

K R Choksey Research, Advisory and Stock Tips

Fundamental Reports Yes
Research Reports Yes
Company Reports Yes
Annual Reports Yes
Company Stock Review Yes
Free Stock Tips Yes
IPO Reports Yes
Top Picks Yes
Daily Market Review Yes
Monthly Reports Yes
Weekly Reports Yes
Offline Advisory Yes
Relationship Manager Yes

The K R Choksey research team leaves no stone unturned and provide all Research Reports, Fundamental Reports, Company Reports, Annual Reports, Company Stock Review.

Along with this, they also provide daily reviews of the market, weekly and monthly reports of the stock market and the stocks and companies, reports of upcoming IPO listings as well.

In addition to all these reports, the advisory services include RM services and offline advisory facility.


K R Choksey Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 6X
Equity Futures Upto 2X
Equity Options Upto 5X
Currency Futures Upto 3X
Currency Options Upto 3X
Commodities Upto 5X
Margin Calculator Kr Choksey Margin Calculator

The leverage provided by K R Choksey is up to 6times for the cash segment to its clients.

The firm also provides up to 5 times exposure for the equity options segment an also for commodities which is commendable as hardly any brokerage house provides 5 times exposure to the commodities segment.

However, for the equity delivery and equity futures segment the exposure goes down to 2 times only at the highest ad 3 times for the currency futures and options.


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K R Choksey Trading Platforms

You can have a glance of all the trading arenas offered by K R Choksey to its consumers from the table below –

Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform Yes
Mobile Site Platform No
Android App Platform Yes
iOS App Platform Yes
Windows App Platform No
Other Mobile OS Platform No
Real time Updates Yes
Portfolio Details Yes
Online MF Buy No
News Flash Yes
Research Reports Yes
Easy Installation Yes
Global Indices Yes
Stock Tips Yes
Personalized Advisory No
Interactive Charts Yes
Live Markets Yes
SMS Alerts Yes
Email Alerts Yes
Multi Account Management No

K R Choksey Trading Terminal

The desktop-based trading terminal is quite ahead of its time and accessible on Windows and MAC operating system. The terminal has –

  • Technical charts and indicators
  • Fundamental research reports
  • Real time market data and news updates
  • Alerts can be set for impromptu trading and exploring every opportunity that comes the way

K R Choksey Web Browser-based Platform

The browser you would need can be anything ranging from google chrome to internet explorer or Firefox or Safari, so there is no need to worry to have any special kind of browser.

This platform is accessible on any browsers and the features are quite advanced.

  • It has options to buy mutual funds
  • Technical indicators and charts are handy
  • There are live market updates and news updates

K R Choksey Mobile Trading App

This is a mobile application-based trading platform that helps the customers to trade on the go and anywhere any time. The application has –

  • All types of trading orders which can be placed from the mobile screen only
  • There are real time updates
  • News flash
  • Alert setting options
  • Global indices are easily accessible and tracked, you can arrange your portfolio on the screen as well

All the platforms have interactive chat facility to directly contact the customer care if any issues are faced while trading.


K R Choksey Customer Care

This broker also offers the below-mentioned ways to communicate their customer service department –

Dedicated Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Support Number
Email Support Yes
Chat Support No
Toll Free Number No
Branches 120

You can seek the benefits of a Dedicated Dealer from this broker. In addition to this, Offline and Online Trading support are also provided by them.

There is also an option to email the customer service department directly with your queries or the grievances if any.

K R Choksey has a total number of 120 branches that are widely spread in different parts of the country.


K R Choksey Complaints and Feedback

At times there are a few complaints lodged against K R Choksey. Have a check of these complaints from the table below –

Lodged in BSE 0
Resolved in BSE 0
Lodged in NSE 2
Resolved in NSE 2

Not even a single complaint was lodged against K R Choksey in BSE in the year 2018-19. There were only two complaints on NSE last year about this brokerage firm.

If compared to the customer base which is active, then the percentage of complaints is not even 0.04%.


K R Choksey Disadvantages

The various cons of this broking house are –

  • There is no 3-in-1 account
  • The exposure level can be increased as it is quite low for most of the segments.

K R Choksey Conclusion

K R Choksey is the most trusted and prominent brand in the Indian financial market and corporate world. Investors get the feeling as if they are at home when they deal with K R Choksey. This broking company has created a niche for itself.

Their clientele comprises of high net worth individuals, corporates, NRI, mutual funds, as well as other financial institutions. They are one among the oldest and most reputed broking houses in the country.


Open Demat Account with K R Choksey

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  1. Open Demat Account

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