Choice Broking Brokerage Charges, Fees, AMC, Transaction Charges 2021

81.14% 122,820 Clients

Choice Broking is a Mumbai based full-service broker offering stockbroking and various other services since 2010. The company offers to trade in Equity, Derivatives, Currency, and Commodity. It charges a percentage basis brokerage for Equity and Futures trades and per lot basis brokerage for an Options trade. Choice Broking has only one brokerage plan that may vary slightly for their offline clients.

Choice Broking has an online brokerage calculator for all asset classes that helps you calculate the entire brokerage and other transaction costs like STT, GST, exchange transaction charges, and stamp duty even before you execute your trades. The detailed breakdown of brokerage and other transaction costs in the Choice Broking brokerage calculator gives you a clear picture of your invested amount and also assists you know how much do you need to break even and thereby target your profits and manage losses.

Choice Broking Account Charges

Choice Broking offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with Choice Broking. Choice Broking fee structure and trading commission rates are explained as below.

To open Choice Broking account you have to pay account opening charges and annual maintenance charges (AMC).

Choice Broking Account Open Charges | Choice Broking AMC 2021

Trading Account Opening Charges (One Time)Rs 0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs 0 (Free)
Demat Account Opening Charges (One Time)Rs 0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs 200 or as per plan. (1st year AMC free)

Choice Broking Brokerage Charges 2021

Customer pays a commission (brokerage) when buying or selling stocks through Choice Broking. The brokerage charges for equity, commodities and currency derivative trading for Choice Broking are explained as below.

Choice Broking Standard Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)
Equity Delivery0.20%
Equity Intraday0.02%
Equity Futures0.02%
Equity OptionsRs 25 per lot
Currency Futures0.02%
Currency OptionsRs 20 per lot
Commodity Futures0.02%
Commodity OptionsRs 50 per lot

Choice Broking Demat Account Charges 2021

The Demat account transactions are charged separately from the trading commission. Find Choice Broking Demat account charges 2021.

Choice Broking Depository Service Charges for Resident Retail Customers

ID Transaction Charges
1 Demat Account Opening Charges Rs 0
2 Stamp Charges payable upfront (at actuals)
3 Annual Maintenance Charges (AMC):
  a. Individuals Rs 200 Per Year + GST (Payable upfront every year) or Lifetime Free Refundable and Non-Refundable AMC plans at Rs 3000 and Rs 1500 respectively
  b. Corporates Rs 1000 + GST (Payable upfront every year)
4 Transaction Charges per ISIN (Market Trades):
  a. Buy (Receive) Rs 0
  b. Sell(Debit) Rs 10 + GST for every debit transaction
5 Inter Depository Transfer (Off-Market Trades):
  a. Buy (Receive) NIL
  b. Sell(Debit) 0.02% subject to minimum of Rs 10 per instruction + GST
6 Demat (Per certificate) Rs 25
7 Remat (Per ISIN) Rs 25 per 100 Securities or 0.04% whichever is higher
8 Courier charges per Demat/ Remat request
9 Pledge Creation Rs 50 or 0.02% whichever is higher + GST
10 Unpledge per ISIN Rs 50 or 0.02% whichever is higher + GST
11 Pledge Invocation per ISIN Rs 100 or 0.05% whichever is higher + GST
12 Periodic Statement:
  a. By Email
  b. Physical
13 Adhoc / Non Periodic Statement Requests:
  a. By Email
  b. Physical
14 Delivery Instructions:
  a. First Delivery Instruction Book
  b. Every Additional Booklet Rs 100
15 Cheque Bounce/ Per cheque
16 Failed Transactions Rs 10 per instruction + GST
17 Modification in CML
18 KRA Upload / Download

Choice Broking Transaction Charges (Exchange Turnover Charge)

A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .

Choice Broking Transaction Charges 2021

SegmentTransaction Fee
Equity DeliveryNSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity IntradayNSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity FuturesNSE Rs 240 per crore (0.0024%)
Equity OptionsNSE Rs 5000 per crore (0.05%)
Currency FuturesNSE Rs 90 per crore (0.0009%)
Currency OptionsNSE Rs 4000 per crore (0.04%)
CommodityNon-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)

Choice Broking Trading Taxes

Choice Broking charges government taxes and fees in addition to the brokerage. These Choice Broking trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the Choice Broking tax calculation.

Choice Broking Tax on Trading

Tax Choice BrokingRates

Securities Transaction Tax (STT)

  • Equity Delivery: 0.1% on both Buy and Sell
  • Equity Intraday: 0.025% on the Sell Side
  • Equity Futures: 0.01% on Sell Side
  • Equity Options: 0.05% on Sell Side(on Premium)
  • Commodity Futures: 0.01% on sell side (Non-Agri)
  • Commodity Options: 0.05% on sell side
  • Currency F&O: No STT
  • On Exercise transaction: 0.125%
  • Right to entitlement: 0.05% on sell side

Exchange Transaction Charges

Refer table above


18% on (Brokerage + Transaction Charge + SEBI Fee)

SEBI Charges

0.0001% (₹10/Crore)

Stamp Duty

(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.

Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)

Frequently Asked Questions

  1. 1. How much does Choice Broking charge for trading?

    Choice Broking is a full-service broker charging percentage basis brokerage for Equity and futures trades across all asset classes and per lot basis for Options trades across all asset classes. An investor has to pay other regulatory and transaction charges viz. STT, exchange transaction charges, GST, Stamp Duty over and above the brokerage.

    Choice Broking Brokerage Charges

    Segment Brokerage Fee

    Equity Delivery


    Equity Intraday


    Equity Futures


    Equity Options

    Rs 25 per lot

    Currency Futures


    Currency Options

    Rs 20 per lot

    Commodity Futures


    Commodity Options

    Rs 50 per lot

    Read Choice Broking Brokerage charges for more details.


  2. 2. How much does Choice Broking charge for intraday trading?

    Choice broking charges a brokerage fee of 0.02% on the trade value of the intraday transactions. In addition to the brokerage, an investor has to pay other regulatory and exchange transaction charges as per below. 

    Other Charges for Intraday Trading


    0.025% on the sell side

    Transaction charges

    NSE: 0.00325%

    BSE: Flat Rate per Trade Rs 1.51


    18% on (brokerage + transaction charges)

    SEBI charges

    Rs 10 / crore

    Stamp Duty

    As per applicable rates in the state

     You can use the Choice broking brokerage calculator to help you assess the exact amount of brokerage, trade value, and other charges.


  3. 3. Does Choice Broking have annual charges?

    Yes, Choice Broking charges an annual maintenance charge of Rs 200 + GST for maintaining the Demat account with the broker.

    The company also offers special AMC Plans to individual customers apart from the basic standard plan as per below: 

    1. Lifetime AMC Free Plan (One Time - Non-refundable): Rs 1,500 + GST
    2. Lifetime AMC Free Plan (One Time - Refundable): Rs 3,000 


    • The first year AMC for individuals is free.
    • For corporates, the AMC charges of Rs 1000 + GST per Annum Plan are applicable from the 1st year.
    • The corporates can also avail of Lifetime AMC Plan at Rs 5,000 + GST that is applicable only for an escrow account.


  4. 4. How Choice Broking calculates brokerage?

    Choice Broking follows a percentage-based brokerage model for Equity Delivery, Intraday, and Futures trades and per lot basis brokerage model for Options trades

    In a percentage-based brokerage model, the brokerage charged is a percentage of the trading value whereas in a per lot basis model, the brokerage is charged based on the number of lots executed irrespective of the trade value. 

     For example, if you buy 100 shares of ABC Company @ Rs 50, you pay Rs 10 as brokerage as per 0.20% on the trade value of Rs 5,000.

    Similarly, if you buy 10 lots of NIFTY Options, you pay Rs 250 as brokerage based on Rs 25 per lot for Equity Options.

    Choice Broking Brokerage Charges

    Segment Brokerage Fee

    Equity Delivery


    Equity Intra-day


    Equity Futures


    Equity Options

    Rs 25 per lot

    Currency Futures


    Currency Options

    Rs 20 per lot

    Commodity Futures


    Commodity Options

    Rs 50 per lot

     In addition to the brokerage fee, you also have to pay government taxes, exchange charges, Demat charges, SEBI charges, etc.


  5. 5. Is Choice Broking free?

    No, Choice Broking is not free. The company charges brokerage and other fees for its services. Choice Broking provides free account opening, free account free research tips, reports, recommendations, a dedicated relationship manager, a margin trading facility (MTF), loans against shares etc. 

    Choice Broking Charges List 

    • Demat Annual Maintenance Charges (AMC)
    • Brokerage Charges.
    • Demat Account Charges.
    • Exchanges and Depositories Charges.
    • Taxes levied by Governments.
    • Interest on the amount funded by the broker in MTF.


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Information on this page was last updated on Tuesday, November 24, 2020


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