Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993.
Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran...
Choice Broking brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Choice Broking customers. The Choice Broking consumer complaints report analyzes the Choice Broking online complaint data provided by BSE and NSE. This report shows the health of the broker.
These complaints are serious grievances against Choice Broking broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.
The Choice Broking complaint no. report also provides Choice Broking’s number of active clients. This shows the growth of the broker year on year.
2020-21 | 2019-20 | 2018-19 | |
---|---|---|---|
Defaulter Yes/No | No | No | No |
No. of clients at the beginning of the year | |||
No. of active clients | 60671 | 32854 | 22350 |
No. of complaints received * | 31 | 29 | 19 |
Resolved through the exchange | 28 | 28 | 19 |
Non actionable ** | 2 | 0 | 0 |
Advised / Opted for arbitration | 0 | 0 | 0 |
Pending for redressal with exchange | 1 | 1 | 0 |
No. of arbitration filed by clients | 2 | 1 | |
Decided by arbitrators in favour of the clients | 1 | 1 | |
Decided by the arbitrators | 1 | 0 | |
Pending for redressal with arbitrators | 1 | 0 | |
% of No. of complaints as against No. of active clients | 0.05 | 0.08 | 0.08 |
% of complaints resolved as against complaints received | 96.77 | 96.55 | 100 |
2019-20 | 2018-19 | 2017-18 | |
---|---|---|---|
Defaulter Yes/No | No | No | No |
No. of clients at the beginning of the year | 160255 | 28988 | 14697 |
No. of active clients | 13492 | 5157 | 7594 |
No. of complaints received * | 2 | 1 | 2 |
Resolved through the exchange | 2 | 1 | 2 |
Non actionable ** | 0 | 0 | 0 |
Advised / Opted for arbitration | 0 | 0 | 0 |
Pending for redressal with exchange | 0 | 0 | 0 |
No. of arbitration filed by clients | 0 | 0 | 1 |
Decided by arbitrators in favour of the clients | 0 | 0 | 0 |
Decided by the arbitrators | 0 | 0 | 0 |
Pending for redressal with arbitrators | 0 | 0 | 1 |
% of No. of complaints as against No. of active clients | 0.01 | 0.02 | 0.03 |
% of complaints resolved as against complaints received | 0 | 100 | 100 |
Note:
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