Choice Broking Vs Groww (Compare Choice Broking and Groww)

The side-by-side comparison of Choice Broking and Groww. Compare Choice Broking Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Choice Broking vs Groww?


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


Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Choice Broking Vs Groww

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. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Choice Broking Groww
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, ICDEX NSE and BSE
Account Type Standard Plan Standard Plan
Year of Incorporation 2010 2016
Number of Branches 50 0
Broker Enquiry Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you.
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Choice Broking Vs Groww Charges & AMC

Choice Broking trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free) and Groww Demat Account AMC Charges is Rs 0.

  Choice Broking Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 200 or as per plan. (1st year AMC free) Rs 0
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Choice Broking Vs Groww Brokerage Charges & Plans

Choice Broking Vs Groww Brokerage

Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02% whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Choice Broking Groww
Account Type Standard Plan Standard Plan
Fixed Charges NA
Equity Delivery Brokerage 0.20% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage 0.02% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.02% NA
Equity Options Brokerage Rs 25 per lot NA
Currency Futures Trading Brokerage 0.02% NA
Currency Options Trading Brokerage Rs 20 per lot NA
Commodity Futures Trading Brokerage 0.02% NA
Commodity Options Trading Brokerage Rs 50 per lot NA
Special Offer

Choice Broking Charges Vs Groww

Minimum Brokerage Charges Rs 20 or 0.05% per executed order
Other Brokerage Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 0 (Free) NA
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Choice Broking Vs Groww Transaction Charges

Choice Broking transaction charges for options is NSE Rs 5000 per crore (0.05%) while Groww exchange transaction charges for options is NA.

  Choice Broking Groww
Equity Delivery NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 240 per crore (0.0024%) NA
Equity Options NSE Rs 5000 per crore (0.05%) NA
Currency Futures NSE Rs 90 per crore (0.0009%) NA
Currency Options NSE Rs 4000 per crore (0.04%) NA
Commodity Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) NA
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Choice Broking Vs Groww Leverage (Margin)

Choice Broking provides the margin of Up to 20x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  Choice Broking Groww
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 20x Up to 8x (based on the stock)
Equity Futures Up to 5x NA
Equity Options 1x (no margin) for Options buying and up to 10x for options selling NA
Currency Futures Up to 3x NA
Currency Options 1x (no margin) NA
Commodity Futures Up to 5x NA
Commodity Options 1x (no margin) NA
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Compare Choice Broking and Groww Features

The trading platforms offered Choice Broking include Jiffy. Groww offers Groww trading software.

  Choice Broking Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform Jiffy Groww
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features
Referral Program Yes
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Choice Broking Vs Groww Review

Choice Broking is rated 4.7 of 5 based on 3 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.

  Choice Broking Groww
  3 Customer Reviews    Rate Choice Broking 9 Customer Reviews    Rate Groww
Fees 4.7 4.3
Trading Brokerage 4.3 4.3
Trading Platform Usability 4.7 3.7
Customer Service 4.3 3.6
Research Capabilities 5.0 2.2
Overall Ratings Rated 4.7 stars Rated 3.9 stars
Broker Rating Choice Broking is rated 4.7 of 5 based on 3 customer reviews Groww is rated 3.9 of 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Enquire Groww Enquire
Contact Broker

Leave your contact information and we will get in touch with you....

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Choice Broking Vs Groww Investment Options

  Choice Broking Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt No Yes
Other Investment Options Portfolio Management Services, Insurance Digital Gold, US Stocks, Fixed Deposits
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Choice Broking Vs Groww Order Type Offered

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

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

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

  Choice Broking Groww
Pros
  • 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
  • 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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