Anand Rathi Vs Choice Broking (Compare Anand Rathi and Choice Broking)

Anand Rathi Vs Choice Broking

Incorporated in 1994, Anand Rathi is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX & NSEL. It has 1200 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.

	Anand Rathi	Choice Broking
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX, NCDEX & NSEL	BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation	1994	2010
Number of Branches	1200	50
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Anand Rathi Vs Choice Broking Charges & AMC

Anand Rathi trading account opening charges is Rs 750 while Choice Broking account opening changes is Rs 0 (Free). Anand Rathi Demat Account AMC Charges is Rs 299 from second year onward and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

	Anand Rathi	Choice Broking
Trading Account Opening Charges	Rs 750	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 550	Rs 0 (Free)
Demat Account AMC Charges	Rs 299 from second year onward	Rs 200 or as per plan. (1st year AMC free)

Anand Rathi Vs Choice Broking Brokerage

Anand Rathi brokerage charges for equity is 0.5% - 0.15% and intraday is 0.05% -0.015% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

	Anand Rathi	Choice Broking
Account Type	Standard Plan	Standard Plan
Fixed Charges	NA
Equity Delivery	0.5% - 0.15%	0.20%
Equity Intraday	0.05% -0.015%	0.02%
Equity Futures	0.05% - 0.015%	0.02%
Equity Options	Rs 75 to Rs 20	Rs 25 per lot
Currency Futures	0.05% - 0.015%	0.02%
Currency Options	Rs 75 to Rs 20	Rs 20 per lot
Commodity Futures	0.008% - 0.05%	0.02%
Commodity Options		Rs 50 per lot
Special Offer

Anand Rathi Charges Vs Choice Broking

Minimum Brokerage
Other Charges
Call & Trade Charges		Rs 0 (Free)

Anand Rathi Vs Choice Broking Transaction Charges

Anand Rathi transaction charges for options is Rs 7000 per Cr (0.07%) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	Anand Rathi	Choice Broking
Equity Delivery	NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday	NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures	NSE Rs 410 per Cr (0.0041%) | BSE Rs 210 per Cr (0.0021%) (each side)	NSE Rs 240 per crore (0.0024%)
Equity Options	Rs 7000 per Cr (0.07%)	NSE Rs 5000 per crore (0.05%)
Currency Futures	Rs 350 per Cr (0.0035%)	NSE Rs 90 per crore (0.0009%)
Currency Options	Rs 7000 per Cr (0.07%)	NSE Rs 4000 per crore (0.04%)
Commodity	Rs 350 per Cr (0.0035%)	Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Anand Rathi Vs Choice Broking Leverage (Margin)

Anand Rathi 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.

	Anand Rathi	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 Anand Rathi and Choice Broking Features

The trading platforms offered Anand Rathi include Trade X. Choice Broking offers Jiffy trading software.

	Anand Rathi	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	Trade X	Jiffy
Intraday Square-off Time		3:15 PM
Other Features
Referral Program
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Anand Rathi Vs Choice Broking Review

Anand Rathi is rated 3.2 of 5 based on 13 customer reviews whereas Choice Broking is rated 4.0 of 5 based on 6 customer reviews.

	Anand Rathi	Choice Broking
	13 Customer Reviews	6 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Anand Rathi is rated 3.2 of 5 based on 13 customer reviews	Choice Broking is rated 4.0 of 5 based on 6 customer reviews

Anand Rathi Vs Choice Broking Investment Options

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

Anand Rathi Vs Choice Broking Order Type Offered

	Anand Rathi	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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Anand Rathi Vs Choice Broking Research Report

	Anand Rathi	Choice Broking
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Anand Rathi Vs Choice Broking Suitable For Investor Type

	Anand Rathi	Choice Broking
Casual Investor
Active Investor
Trader

Anand Rathi Vs Choice Broking - Pros and Cons

	Anand Rathi	Choice Broking
Pros	They have 200 branches for extensive reach. call & trade is also available. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available. Trading is available in both BSE and NSE. Low bandwidth website is available for slow internet connection or for trading from mobile devices.	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	AnandRathi brokerage is high and not negotiable. They don't offer 3 in 1 account. There are some extra charges for their featured products.	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
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