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


Anand Rathi
Incorporated in 1994, Anand Rathi is Mumbai, India based firm engaged in financial and advisory services which includes wealth management, investment banking, corporate advisory, brokerage & distribution of equities, commodities, mutual funds and insurance. Anand Rathi is a full service broker offering brokerage services to retail and institutional customers. Anand Rathi has a presence in India as well as internationally through offices in Dubai and Bangkok. Anand Rathi has network of 350+ br... Know more about Anand Rathi


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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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
Open an Online Trading Account with Anand Rathi.Open an Online Trading Account with Choice Broking.
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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)
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Anand Rathi Vs Choice Broking Brokerage Charges & Plans

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)
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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 No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Trade X Jiffy
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes
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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    Rate Anand Rathi 6 Customer Reviews    Rate Choice Broking
Fees 3.3 4.3
Brokerage 3.4 4.2
Trading Platform 3.2 4.3
Customer Service 3.5 3.8
Research Capabilities 5.0 4.0
Overall Ratings Rated 3.2 stars Rated 4.0 stars
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
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Contact Broker / Request A Call Back

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Anand Rathi Vs Choice Broking Investment Options

  Anand Rathi 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 Portfolio Management Services, Insurance
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Anand Rathi Vs Choice Broking Order Type Offered

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

  Anand Rathi Choice Broking
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Anand Rathi Vs Choice Broking Suitable For Investor Type

  Anand Rathi Choice Broking
Casual Investor Yes
Active Investor Yes Yes
Trader
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Anand Rathi Vs Choice Broking - Pros and Cons

  Anand Rathi Choice Broking
Pros
  1. They have 200 branches for extensive reach.
  2. call & trade is also available.
  3. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  4. Trading is available in both BSE and NSE.
  5. 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
  1. AnandRathi brokerage is high and not negotiable.
  2. They don't offer 3 in 1 account.
  3. 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.

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