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


5paisa
5paisa.com is a leading online stockbroker offering discount brokerage services to retail investors in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. As of March 2021, it has over 1.2 million clients. 5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges a flat 20 Rs brokerage irrespective of the size of the trade, segment, or exchange. 5Paisa ... Know more about 5paisa Capital Ltd


Choice Broking
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... Know more about Choice Equity Broking Private Limited

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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
Open an Online Trading Account with 5paisa.Open an Online Trading Account with Choice Broking.
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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)
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5paisa Vs Choice Broking Brokerage Charges & Plans

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)
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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 No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
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 Yes
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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    Rate 5paisa 7 Customer Reviews    Rate Choice Broking
Fees 3.0 4.4
Brokerage 3.7 4.1
Trading Platform 2.7 4.4
Customer Service 2.1 4.0
Research Capabilities 2.2 4.2
Overall Ratings Rated 2.6 stars Rated 4.1 stars
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
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Contact Broker / Request A Call Back

  5paisa Enquire Choice Broking Enquire
Contact Broker 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. Leave your contact information and we will get in touch with you....
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5paisa Vs Choice Broking Investment Options

  5paisa Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Mutual Funds, Insurance Portfolio Management Services, Insurance
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5paisa Vs Choice Broking Order Type Offered

  5paisa Choice Broking
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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5paisa Vs Choice Broking Research Report

  5paisa Choice Broking
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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5paisa Vs Choice Broking Suitable For Investor Type

  5paisa Choice Broking
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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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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