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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 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).
| Transaction | Fee |
|---|---|
| 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) |
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.
| Segment | Brokerage Fee |
|---|---|
| Monthly Fee (Fixed) | |
| Equity Delivery | 0.20% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | Rs 25 per lot |
| Currency Futures | 0.02% |
| Currency Options | Rs 20 per lot |
| Commodity Futures | 0.02% |
| Commodity Options | Rs 50 per lot |
The Demat account transactions are charged separately from the trading commission. Find Choice Broking Demat account charges 2021.
| 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 | |
A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .
| Segment | Transaction Fee |
|---|---|
| Equity Delivery | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
| Equity Intraday | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
| Equity Futures | NSE Rs 240 per crore (0.0024%) |
| Equity Options | NSE Rs 5000 per crore (0.05%) |
| Currency Futures | NSE Rs 90 per crore (0.0009%) |
| Currency Options | NSE Rs 4000 per crore (0.04%) |
| Commodity | Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) |
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.
| Tax Choice Broking | Rates |
|---|---|
| |
Exchange Transaction Charges | |
GST | 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) |
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.
| Segment | Brokerage Fee |
|---|---|
|
Equity Delivery |
0.20% |
|
Equity Intraday |
0.02% |
|
Equity Futures |
0.02% |
|
Equity Options |
Rs 25 per lot |
|
Currency Futures |
0.02% |
|
Currency Options |
Rs 20 per lot |
|
Commodity Futures |
0.02% |
|
Commodity Options |
Rs 50 per lot |
Read Choice Broking Brokerage charges for more details.
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.
|
STT |
0.025% on the sell side |
|
Transaction charges |
NSE: 0.00325% BSE: Flat Rate per Trade Rs 1.51 |
|
GST |
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.
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:
Note:
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.
| Segment | Brokerage Fee |
|---|---|
|
Equity Delivery |
0.20% |
|
Equity Intra-day |
0.02% |
|
Equity Futures |
0.02% |
|
Equity Options |
Rs 25 per lot |
|
Currency Futures |
0.02% |
|
Currency Options |
Rs 20 per lot |
|
Commodity Futures |
0.02% |
|
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.
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
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Information on this page was last updated on Tuesday, November 24, 2020
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