The side-by-side comparison of AxisDirect and Choice Broking. Compare AxisDirect Vs Choice Broking brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best AxisDirect vs Choice Broking?
AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers.
AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa...
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...
Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 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.
AxisDirect | Choice Broking | |
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Type of Broker | Full Service Broker | Full Service Broker |
Supported Exchnages | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX, ICDEX |
Account Type | Standard Brokerage Plan | Standard Plan |
Year of Incorporation | 2006 | 2010 |
Number of Branches | 56 | 50 |
Broker Enquiry |
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Enquire AxisDirect | Enquire Choice Broking |
AxisDirect trading account opening charges is Rs 900 while Choice Broking account opening changes is Rs 0 (Free). AxisDirect Demat Account AMC Charges is Rs 650 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).
AxisDirect | Choice Broking | |
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Trading Account Opening Charges | Rs 900 | Rs 0 (Free) |
Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
Demat Account AMC Charges | Rs 650 | Rs 200 or as per plan. (1st year AMC free) |
AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.
AxisDirect | Choice Broking | |
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Account Type | Standard Brokerage Plan | Standard Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.50% | 0.20% |
Equity Intraday Brokerage | 0.05% | 0.02% |
Equity Futures Brokerage | 0.05% | 0.02% |
Equity Options Brokerage | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot | Rs 25 per lot |
Currency Futures Trading Brokerage | 0.05% | 0.02% |
Currency Options Trading Brokerage | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l | Rs 20 per lot |
Commodity Futures Trading Brokerage | 0.03% | 0.02% |
Commodity Options Trading Brokerage | Rs 50 per lot | Rs 50 per lot |
Special Offer |
Minimum Brokerage Charges | Rs 20 per trade | |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 20 per call | Rs 0 (Free) |
AxisDirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
AxisDirect | Choice Broking | |
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Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 240 per crore (0.0024%) |
Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) | NSE Rs 5000 per crore (0.05%) |
Currency Futures | Rs 190 per Cr (0.0019%) | NSE Rs 90 per crore (0.0009%) |
Currency Options | Rs 5000 per Cr (0.05%) (on premium) | NSE Rs 4000 per crore (0.04%) |
Commodity | Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) | |
Enquire AxisDirect | Enquire Choice Broking |
AxisDirect provides the margin of Upto 10x for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.
AxisDirect | Choice Broking | |
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Equity Delivery | 100% (1x) | 1x (no margin) |
Equity Intraday | Upto 10x | Up to 20x |
Equity Futures | 100% (1x) | Up to 5x |
Equity Options | 100% (1x) | 1x (no margin) for Options buying and up to 10x for options selling |
Currency Futures | 100% (1x) | Up to 3x |
Currency Options | 100% (1x) | 1x (no margin) |
Commodity Futures | 3x | Up to 5x |
Commodity Options | 100% (1x) | 1x (no margin) |
Enquire AxisDirect | Enquire Choice Broking |
The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. Choice Broking offers Jiffy trading software.
AxisDirect | Choice Broking | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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Trading Platform | DirectTrade, Axisdirect Web, Axisdirect Mobile | Jiffy |
Intraday Square-off Time | 3:15 | 3:15 PM |
Other Features | ||
Referral Program | ![]() |
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Enquire AxisDirect | Enquire Choice Broking |
AxisDirect is rated 2.1 of 5 based on 66 customer reviews whereas Choice Broking is rated 4.8 of 5 based on 4 customer reviews.
AxisDirect | Choice Broking | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire AxisDirect | Enquire Choice Broking |
AxisDirect | Choice Broking | |
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Cons |
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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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Promo / Offers | ||
Enquire AxisDirect | Enquire Choice Broking |
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