AxisDirect Vs Choice Broking (Compare AxisDirect and 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... Know more about Axis Securities


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

Expand

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
Open an Online Trading Account with AxisDirect.Open an Online Trading Account with Choice Broking.
Enquire AxisDirectEnquire Choice Broking
Expand

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)
Expand

AxisDirect Vs Choice Broking Brokerage Charges & Plans

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)
Expand

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%)
Enquire AxisDirectEnquire Choice Broking
Expand

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)
Enquire AxisDirectEnquire Choice Broking
Expand

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 Yes 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 DirectTrade, Axisdirect Web, Axisdirect Mobile Jiffy
Intraday Square-off Time 3:15 3:15 PM
Other Features
Referral Program Yes Yes
Enquire AxisDirectEnquire Choice Broking
Expand

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    Rate AxisDirect 7 Customer Reviews    Rate Choice Broking
Fees 2.0 4.4
Brokerage 1.7 4.1
Trading Platform 2.6 4.4
Customer Service 2.2 4.0
Research Capabilities 2.9 4.2
Overall Ratings Rated 2.1 stars Rated 4.1 stars
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
Expand

Contact Broker / Request A Call Back

  AxisDirect Enquire Choice Broking Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....
Expand

AxisDirect Vs Choice Broking Investment Options

  AxisDirect 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 Loans, ETF, Corporate FD Portfolio Management Services, Insurance
Expand

AxisDirect Vs Choice Broking Order Type Offered

  AxisDirect Choice Broking
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
Enquire AxisDirectEnquire Choice Broking
Expand

AxisDirect Vs Choice Broking Research Report

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

AxisDirect Vs Choice Broking Suitable For Investor Type

  AxisDirect Choice Broking
Casual Investor Yes Yes
Active Investor Yes
Trader
Expand

AxisDirect Vs Choice Broking - Pros and Cons

  AxisDirect Choice Broking
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. 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
Enquire AxisDirectEnquire Choice Broking

Compare More Brokers...

AxisDirect Choice Broking
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App