K R Choksey Trading / Online Trading – Review, Process, Benefits, Charges & more
K R Choksey is one of the most prominent full service brokers hailing from Mumbai providing a likewise service, K R Choksey Trading. The company was founded by Kisanbhai R Choksey in the year 1979.
That makes them one of the oldest service brokers in India. They’ve existed in this industry for more than 4 decades. Yet, they’ve not given up on their core values as a company.
On the other hand, we’ll review one of the most important parts of their services. We’re referring to the services charges they levy from the traders. Much like any other brokerage firm, using K R Choksey Online Trading Services come with a particular set of payments.
These payments are inclusive of various taxes. So, we’ll elaborate both the parts in details. We’ll discuss about their trading platforms. And, we’ll even teach you how to initiate trading with them.
K R Choksey Trading and Benefits
Brands like KR Choksey are rare to find these days. They’ve stood the test of time. That’s made them rather resilient towards down fall. Moreover, using K R Choksey Trading services come with huge benefits such as:
- They have reasonably good reach in terms of offline service provision. They do so with a network of over 120 branches throughout India. Moreover, all of these branches are equipped with proper infrastructure to support and provide the best trading experiences.
- They have been in the industry for more than 40 years now. This grants them with the knowledge to provide better advisory.
- The company often gives out great deals and offers in terms of brokerage. They grant substantial discounts and holiday offers as well.
- They seem to have one of the lowest brokerage charges within the industry. This allows their clients to save a lot of their money that goes in fulfilling formalities.
- Even using KR Choksey online Trading facilities is very easy. They have ensured to develop all platforms with user friendly UI.
Open Trading Account with K R Choksey – Fill up the Form Now!
K R Choksey Trading Charges
|K R Choksey Charges|
|Transaction Charges||0.00283% of Total Turnover|
|STT Charges||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty Charges||Depends on State (very minimal)|
|GST Charges||18% of (Brokerage + Transaction Charges)|
As mentioned earlier, K R Choksey Trading Charges come as a combined package. They’re inclusive of the usual brokerage and certain taxes. We’ve separated them both. Here’s a list of all the taxes they levy from their clients:
- At the very beginning, we have an imposition of Transaction Charges. These charges are levied at the rate of 0.00283% of the Total Turnover.
- They even include STT or Securities Transaction Tax upon the traders. This is levied at a rate of 0.0126% over Total Turnover.
- The there is the SEBI Turnover Charge. This is levied at a rate of 0.0002% over Total Turnover.
- The traders are even imposed with 18% GST over the sum of brokerage and transaction charges altogether.
- And, at last the traders must pay a certain amount as Stamp Duty. This is levied as per the varying norms of different states.
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K R Choksey Delivery Trading
|K R Choksey Delivery Charges|
Delivery Trading pretty much comes naturally to the traders across India. This is one of the oldest from of formal financial trading within our sub-continent. It basically refers to the trading in several shares of different company stocks.
The share may be bought, stored as well as sold by the traders. Their respective Demat Accounts are used for the storage purposes. Anyway, all of KR Choksey trading services can be availed with a minimal payment. The company charges 0.22% brokerage for this purpose.
K R Choksey Intraday Trading
|K R Choksey Intraday Charges|
Intraday or Day Trading resembles Delivery Trading in many ways. And, perhaps even this started at the same time as Delivery Trading. There, however, is a certain difference between the two.
In Intraday Trading, one needs to trade in or out the shares within the same day of the trade. That means there is a time constraint of less than 10-12 hours. The traders may use KR Choksey Intraday Trading services at a brokerage rate of 0.02%.
K R Choksey Option Trading
|K R Choksey Option Charges|
|Equity Options||Rs.22 per Lot|
KR Choksey Options trading services are yet another set of commendable services. These services help in trading across several financial instruments. However, the unit prices of these instruments are predetermined.
The determination is carried out as per the companies’ performance in the past. These services are available at a brokerage rate of Rs.22 per lot.
K R Choksey Futures Trading
|K R Choksey Futures Charges|
KR Choksey Futures Trading services can be used by paying 0.02% worth brokerage. This rate is applicable for both Equity as well as Currency Futures variants.
These services are pretty much the same as Options Trading services. The only difference lies in the predetermination of the trading time.
K R Choksey Currency Trading
|K R Choksey Currency Charges|
|Currency Option||Rs.22 per Lot|
KR Choksey Currency Trading services are well known for their efficiency. In fact, KR Choksey is one of the highly acclaimed companies in the Forex trade segment in India. Traders may use these services with complete confidence.
These can be availed at a brokerage rate of Rs.22 per lot for Currency Options trading. However, the charge for Currency Futures services is imposed at 0.02%.
K R Choksey Commodity Trading
|K R Choksey Commodity Charges|
The last in line of all these services is the KR Choksey Commodity Trading services. These services help with trade across several industrial based metals. Moreover, they even help with the trade in certain agricultural products. Charge however is, 0.02%.
Find Segment Trading Charges of other Brokers
K R Choksey Online Trading Process
If you’re planning on using KR Choksey online trading services, then we’ve got you covered. We’ve enlisted the step wise process in which you can conduct your trade. So, here’s the entire process as you must implement:
- The first step in this is to acquire a Demat Account, which is rather easy. All you need to do is locate and click a specific button. We’re referring to the button with the engravings of ‘Open Demat Account’ on top of it. This button can be located and the end of this section.
- The second step is to fill all the details with the form that appears. These details need to be verified as well with certain documents. Here are the documents you must submit: A copy of your PAN Card, AADHAAR Card, Bank Account Statement, passport sized photograph
- The third step is to log in to the Demat Account using the credentials given by the company. You must however, change the default password for safety.
- The fourth step is to visit the ‘Buy / Sell’ section. And, you may then begin your trader from there by selecting the type of trade you prefer.
K R Choksey Online Trading Platforms
Online trading platforms formulate one of the most important parts of a trading company. KR Chokey takes special care about this segment. Here are the complete details on all of KR Choksey Online Trading platforms:
- KR Choksey Desktop Based Trading Platform: KR Choksey takes special care of their traders. That’s one of the biggest reasons why it takes the pain of developing trading platforms in-house. Speaking of which, they’ve done the same with their Desktop Based Trader. This is custom developed software that runs on both Windows and iOS based platforms. And, it comes loaded with many analytical tools for better support.
- KR Choksey Web Browser Based Trading Platform: KR Choksey has again developed this software from the scratch. It comes with all the features from KR Choksey Desktop based platform. The platform has powerful analytical tools integrate in it. It even comes with a customization feature that can be used to change the interface as per the traders. All of that without even the need for installation on a computer. In fact, this platform can be tapped into from any web browser. By any, we’re referring to Windows Internet Explorer, Google Chrome, Opera Browser, Mozilla Firefox and even Safari.
- KR Choksey Mobile Application Based Trading Platform: This is yet another commendable feat by KR Choksey. This software is made compact to fit inside the configuration of a mobile device. Yet it comes loaded with all the features of the desktop as well as browser based platform. You can look for it in the Play Store with ease.
Check out Online Trading Services of other Brokers
K R Choksey Trading – Conclusion
We’ve already elaborate a lot about KR Choksey Trading services. There isn’t possibly anything else we can share. However, we may emphasise on the fact that this is one of the oldest brokers we’re talking about.
They’ve a great offline advisory record and even a good infrastructural setup. They develop all of their trading platforms in-house for better accuracy. So, it’s preferable to use their services related to financial trading.
Open Trading Account with K R Choksey – Fill up the Form Now!
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