AxisDirect Vs Choice Broking (Compare AxisDirect and Choice Broking)

AxisDirect Vs Choice Broking

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
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation	2006	2010
Number of Branches	56	50
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AxisDirect Vs Choice Broking Charges & AMC

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
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 Vs Choice Broking Brokerage

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
Account Type	Standard Brokerage Plan	Standard Plan
Fixed Charges	NA
Equity Delivery	0.50%	0.20%
Equity Intraday	0.05%	0.02%
Equity Futures	0.05%	0.02%
Equity Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot	Rs 25 per lot
Currency Futures	0.05%	0.02%
Currency Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l	Rs 20 per lot
Commodity Futures	0.03%	0.02%
Commodity Options	Rs 50 per lot	Rs 50 per lot
Special Offer

AxisDirect Charges Vs Choice Broking

Minimum Brokerage	Rs 20 per trade
Other Charges
Call & Trade Charges	Rs 20 per call	Rs 0 (Free)

AxisDirect Vs Choice Broking Transaction Charges

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
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%)
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AxisDirect Vs Choice Broking Leverage (Margin)

AxisDirect 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.

	AxisDirect	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 AxisDirect and Choice Broking Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. Choice Broking offers Jiffy trading software.

	AxisDirect	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	DirectTrade, Axisdirect Web, Axisdirect Mobile	Jiffy
Intraday Square-off Time	3:15	3:15 PM
Other Features
Referral Program
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AxisDirect Vs Choice Broking Review

AxisDirect is rated 2.1 of 5 based on 71 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

	AxisDirect	Choice Broking
	71 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	AxisDirect is rated 2.1 of 5 based on 71 customer reviews	Choice Broking is rated 4.1 of 5 based on 7 customer reviews

AxisDirect Vs Choice Broking Investment Options

	AxisDirect	Choice Broking
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, ETF, Corporate FD	Portfolio Management Services, Insurance

AxisDirect Vs Choice Broking Order Type Offered

	AxisDirect	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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AxisDirect Vs Choice Broking Research Report

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

AxisDirect Vs Choice Broking Suitable For Investor Type

	AxisDirect	Choice Broking
Casual Investor
Active Investor
Trader

AxisDirect Vs Choice Broking - Pros and Cons

	AxisDirect	Choice Broking
Pros	Offers 3-in-1 investment account Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts	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	Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained. Charges Rs 250 per month fee if you are not an axis bank customer. Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers Higher commodity and currency trading brokerage. Call & Trade is charged Rs 20 extra per trade	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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