5paisa Vs Choice Broking (Compare 5paisa and Choice Broking)

5paisa Vs Choice Broking

Incorporated in 1996, 5paisa is a Discount Broker. It offers trading at NSE, BSE. It has 900 branches across India. Incorporated in 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 branches across India.

	5paisa	Choice Broking
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	NSE, BSE	BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation	1996	2010
Number of Branches	900	50
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5paisa Vs Choice Broking Charges & AMC

5paisa trading account opening charges is Rs 0 (Free) while Choice Broking account opening changes is Rs 0 (Free). 5paisa Demat Account AMC Charges is Rs 540 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

	5paisa	Choice Broking
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 540	Rs 200 or as per plan. (1st year AMC free)

5paisa Vs Choice Broking Brokerage

5paisa brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

	5paisa	Choice Broking
Account Type	Standard Plan	Standard Plan
Fixed Charges	NA
Equity Delivery	Rs 20 per executed order	0.20%
Equity Intraday	Rs 20 per executed order	0.02%
Equity Futures	Rs 20 per executed order	0.02%
Equity Options	Rs 20 per executed order	Rs 25 per lot
Currency Futures	Rs 20 per executed order	0.02%
Currency Options	Rs 20 per executed order	Rs 20 per lot
Commodity Futures	Rs 20 per executed order	0.02%
Commodity Options	Rs 20 per executed order	Rs 50 per lot
Special Offer	Special Offer: FREE Account Opening (Rs 650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.

5paisa Vs Choice Broking Brokerage Plan 2

	5paisa	Choice Broking
Account Type	Power Investor Pack	Standard Plan
Fixed Charges	Rs 499 per month
Equity Delivery	Rs 10 per executed order	0.20%
Equity Intraday	Rs 10 per executed order	0.02%
Equity Futures	Rs 10 per executed order	0.02%
Equity Options	Rs 2 per lot	Rs 25 per lot
Currency Futures	Rs 10 per executed order	0.02%
Currency Options	Rs 10 per executed order	Rs 20 per lot
Commodity Futures	Rs 10 per executed order	0.02%
Commodity Options	Rs 10 per executed order	Rs 50 per lot
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5paisa Vs Choice Broking Brokerage Plan 3

	5paisa	Choice Broking
Account Type	Ultra Trader Pack	Standard Plan
Fixed Charges	Rs 999 per month
Equity Delivery	Rs 0 (Free)	0.20%
Equity Intraday	Rs 10 per executed order	0.02%
Equity Futures	Rs 10 per executed order	0.02%
Equity Options	Rs 2 per executed lot	Rs 25 per lot
Currency Futures	Rs 10 per executed order	0.02%
Currency Options	Rs 10 per executed order	Rs 20 per lot
Commodity Futures	Rs 10 per executed order	0.02%
Commodity Options	Rs 10 per executed order	Rs 50 per lot
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5paisa Charges Vs Choice Broking

Minimum Brokerage	Rs 20 per trade
Other Charges
Call & Trade Charges	Rs 100 per call (any number of trades in a call)	Rs 0 (Free)

5paisa Vs Choice Broking Transaction Charges

5paisa transaction charges for options is Rs 5000 per crore (0.05%) (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	5paisa	Choice Broking
Equity Delivery	Rs 325 per crore (0.00325%)	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday	Rs 325 per crore (0.00325%)	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures	Rs 190 per crore (0.0019%)	NSE Rs 240 per crore (0.0024%)
Equity Options	Rs 5000 per crore (0.05%) (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	Rs 190 per crore (0.0019%)	NSE Rs 90 per crore (0.0009%)
Currency Options	Rs 5000 per crore (0.05%) (on premium)	NSE Rs 4000 per crore (0.04%)
Commodity	Grp A: 0.0026%	Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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5paisa Vs Choice Broking Leverage (Margin)

5paisa margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Choice Broking margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	5paisa	Choice Broking
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare 5paisa and Choice Broking Features

The trading platforms offered 5paisa include 5paisa Trade Station (Web, Mobile App and EXE). Choice Broking offers Jiffy trading software.

	5paisa	Choice Broking
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	5paisa Trade Station (Web, Mobile App and EXE)	Jiffy
Intraday Square-off Time	Optimum Plan: 3:10 PM, Platinum Plan: 3:20 PM	3:15 PM
Other Features
Referral Program
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5paisa Vs Choice Broking Review

5paisa is rated 2.6 of 5 based on 83 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

	5paisa	Choice Broking
	83 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	5paisa is rated 2.6 of 5 based on 83 customer reviews	Choice Broking is rated 4.1 of 5 based on 7 customer reviews

5paisa Vs Choice Broking Investment Options

	5paisa	Choice Broking
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Mutual Funds, Insurance	Portfolio Management Services, Insurance

5paisa Vs Choice Broking Order Type Offered

	5paisa	Choice Broking
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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5paisa Vs Choice Broking Research Report

	5paisa	Choice Broking
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

5paisa Vs Choice Broking Suitable For Investor Type

	5paisa	Choice Broking
Casual Investor
Active Investor
Trader

5paisa Vs Choice Broking - Pros and Cons

	5paisa	Choice Broking
Pros	Flat fee brokerage. Pay just Rs 20 per executed order. No more worries about size of the trade. Free trading software's including 5paisa mobile app and trading terminal. Brokerage free direct mutual funds.	Zero Account opening fee. Hassle free online Demat Account Opening. Offers a wide range of investment products Offers simple Trading Platforms to its customers. Offers multiple AMC plan options with lifetime free AMC and refundable AMC options. Free call and trade facility. Provides Margin Trading Facility MTF Services. Claim to have the most accurate and free research reports in the market with a 78% success ratio. Offers online IPO application services.
Cons	Call & Trade is charged at Rs 100 per call in addition to the brokerage. Any number of trades can be placed in one call. Research and advisory is available at extra cost. Higher exchange turnover charges in comparison to other popular discount stock brokers. NRI Trading and Demat Account is not available.	Do not have Flexi brokerage plans. Does not offer 3-in-1 account services. Advanced order types like BO, CO, GTC not available. Margin calculator not available.
Reviews		Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS.
Promo / Offers	5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived) Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order. Open Online Account Now! and start trading today.
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