Beeline Vs Choice Broking (Compare Beeline and Choice Broking)


Beeline
Beeline Broking Ltd is an online Discount Stock Broker. Beeline offers trading & investment at BSE, NSE, MCX and NCDEX exchanges. Beeline offers investment across segments including Equity, Derivative, Currency Derivatives, Commodity and Insurance. Beeline is the only broker in India who offers both Traditional Brokerage Plans as well as Discount Brokerage Plan. These plans are available in segments including Equities F&O, Currency F&O and MCX Futures. The brokerage is charged Rs 18 per execute... Know more about Beeline Broking Limited


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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Beeline Vs Choice Broking

Incorporated in , Beeline is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 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.

  Beeline Choice Broking
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 2010
Number of Branches 50
Open an Online Trading Account with Beeline.Open an Online Trading Account with Choice Broking.
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Beeline Vs Choice Broking Charges & AMC

Beeline trading account opening charges is Nil while Choice Broking account opening changes is Rs 0 (Free). Beeline Demat Account AMC Charges is Zero AMC with one time Rs 876 fee and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  Beeline Choice Broking
Trading Account Opening Charges Nil Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Zero AMC with one time Rs 876 fee Rs 200 or as per plan. (1st year AMC free)
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Beeline Vs Choice Broking Brokerage Charges & Plans

Beeline Vs Choice Broking Brokerage

Beeline brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Beeline Choice Broking
Account Type Discount Brokerage Plan Standard Plan
Fixed Charges NA
Equity Delivery Rs 18 per executed order 0.20%
Equity Intraday Rs 18 per executed order 0.02%
Equity Futures Rs 18 per executed order 0.02%
Equity Options Rs 18 per executed order Rs 25 per lot
Currency Futures Rs 18 per executed order 0.02%
Currency Options Rs 18 per executed order Rs 20 per lot
Commodity Futures Rs 18 per executed order 0.02%
Commodity Options Rs 50 per lot
Special Offer

Beeline Vs Choice Broking Brokerage Plan 2

  Beeline Choice Broking
Account Type Traditional Brokerage Plan Standard Plan
Fixed Charges NA
Equity Delivery As per margin 0.20%
Equity Intraday As per margin 0.02%
Equity Futures As per margin 0.02%
Equity Options As per margin Rs 25 per lot
Currency Futures As per margin 0.02%
Currency Options As per margin Rs 20 per lot
Commodity Futures As per margin 0.02%
Commodity Options Rs 50 per lot
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Beeline Charges Vs Choice Broking

Minimum Brokerage Rs 18 per executed order
Other Charges Software Charges at Rs 150 per segment
Call & Trade Charges Rs 20 per executed order Rs 0 (Free)
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Beeline Vs Choice Broking Transaction Charges

Beeline transaction charges for options is NSE Rs 5600 per Cr (0.056%) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Beeline Choice Broking
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (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 275 per Cr (0.00275%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 215 per Cr (0.00215%) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 5600 per Cr (0.056%) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 135 per Cr (0.00135%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 4600 per Cr (0.046%) NSE Rs 4000 per crore (0.04%)
Commodity MCX Rs 260 per Cr (0.0026%)| NCDEX Rs 400 per Cr (0.004%) Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Beeline Vs Choice Broking Leverage (Margin)

Beeline 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.

  Beeline 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 Beeline and Choice Broking Features

The trading platforms offered Beeline include NSE Now, ODIN (My Armour). Choice Broking offers Jiffy trading software.

  Beeline Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform NSE Now, ODIN (My Armour) Jiffy
Intraday Square-off Time 3:15 PM 3:15 PM
Other Features
Referral Program Yes
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Beeline Vs Choice Broking Review

Beeline is rated 4.0 of 5 based on 2 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Beeline Choice Broking
  2 Customer Reviews    Rate Beeline 7 Customer Reviews    Rate Choice Broking
Fees 4.5 4.4
Brokerage 4.5 4.1
Trading Platform 3.0 4.4
Customer Service 3.5 4.0
Research Capabilities 4.2
Overall Ratings Rated 4.0 stars Rated 4.1 stars
Broker Rating Beeline is rated 4.0 of 5 based on 2 customer reviews Choice Broking is rated 4.1 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Beeline Enquire Choice Broking Enquire
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Beeline Vs Choice Broking Investment Options

  Beeline Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO No Yes
Mutual Funds No Yes
Bond / NCD Yes Yes
Debt No No
Other Investment Options Insurance Portfolio Management Services, Insurance
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Beeline Vs Choice Broking Order Type Offered

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

  Beeline Choice Broking
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Beeline Vs Choice Broking Suitable For Investor Type

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

  Beeline Choice Broking
Pros
  1. Online Discount Stock and Commodity Broker.
  2. Brokerage Fee: Flat Rs 18 per executed order in Eq F&O, Curr F&O and Commodity Futures.
  3. Rs 0 AMC Demat account when paid Rs 876 one time fee.
  4. NSE Now and ODIN trading software.
  5. Dedicated relationship managers are available.
  • 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. Software uses changes at Rs 150 per segment.
  2. Call & Trade is not free. It is charged at Rs 20 per order.
  3. Unlike Zerodha and RKSV, Beeline doesn't have its own trading platform.
  4. Doesn't offer local customer service as it doesn't have branch offices.
  • 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

Beeline Broking is India based broker engaged in stock and commodity trading. Beeline is a discount stock broker offering flat rate (Rs 18 per executed order) brokerage plan. Beeline offers industry standard NSE NOW and ODIN trading platform. Beeline also offer depository services (demat account) and online insurances. Beeline is based in Ahmadabad, Gujarat.

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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