Choice Broking Vs Indira Securities (Compare Choice Broking and Indira 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


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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Choice Broking Vs Indira Securities

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 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  Choice Broking Indira Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, ICDEX BSE, NSE, MCX and NCDEX
Account Type Standard Plan Traditional Plan
Year of Incorporation 2010 1987
Number of Branches 50 335
Open an Online Trading Account with Choice Broking.Open an Online Trading Account with Indira Securities.
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Choice Broking Vs Indira Securities Charges & AMC

Choice Broking trading account opening charges is Rs 0 (Free) while Indira Securities account opening changes is Rs 0 (Free). Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free) and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  Choice Broking Indira Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 200 or as per plan. (1st year AMC free) Rs 450 (Free for 1st year)
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Choice Broking Vs Indira Securities Brokerage Charges & Plans

Choice Broking Vs Indira Securities Brokerage

Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  Choice Broking Indira Securities
Account Type Standard Plan Traditional Plan
Fixed Charges NA
Equity Delivery 0.20% 0.10%
Equity Intraday 0.02% 0.01%
Equity Futures 0.02% 0.01%
Equity Options Rs 25 per lot Rs 25 per lot (both side)
Currency Futures 0.02% 0.01%
Currency Options Rs 20 per lot Rs 25 per lot (both side)
Commodity Futures 0.02% 0.01%
Commodity Options Rs 50 per lot Rs 25 per lot (both side)
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Choice Broking Vs Indira Securities Brokerage Plan 2

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

Minimum Brokerage Rs 20 per executed order
Other Charges
Call & Trade Charges Rs 0 (Free) Rs 0 (Free)
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Choice Broking Vs Indira Securities Transaction Charges

Choice Broking transaction charges for options is NSE Rs 5000 per crore (0.05%) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  Choice Broking Indira Securities
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%)
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%)
Equity Futures NSE Rs 240 per crore (0.0024%) NSE Rs 190 per Cr (0.0019%)
Equity Options NSE Rs 5000 per crore (0.05%) NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures NSE Rs 90 per crore (0.0009%) NSE Rs 120 per Cr (0.0012%)
Currency Options NSE Rs 4000 per crore (0.04%) NSE Rs 500 per Cr (0.005%) (on premium)
Commodity Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Choice Broking Vs Indira Securities Leverage (Margin)

Choice Broking provides the margin of Up to 20x for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).

  Choice Broking Indira Securities
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 20x Up to 10x (based on the stock)
Equity Futures Up to 5x Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options 1x (no margin) for Options buying and up to 10x for options selling 1x (no margin)
Currency Futures Up to 3x Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options 1x (no margin) 1x (no margin)
Commodity Futures Up to 5x Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodity Options 1x (no margin) 1x (no margin)
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Compare Choice Broking and Indira Securities Features

The trading platforms offered Choice Broking include Jiffy. Indira Securities offers ODIN trading software.

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

Choice Broking is rated 4.0 of 5 based on 6 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.

  Choice Broking Indira Securities
  6 Customer Reviews    Rate Choice Broking 2 Customer Reviews    Rate Indira Securities
Fees 4.3 3.0
Brokerage 4.2 5.0
Trading Platform 4.3 4.5
Customer Service 3.8 4.5
Research Capabilities 4.0 5.0
Overall Ratings Rated 4.0 stars Rated 4.5 stars
Broker Rating Choice Broking is rated 4.0 of 5 based on 6 customer reviews Indira Securities is rated 4.5 of 5 based on 2 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Enquire Indira Securities Enquire
Contact Broker

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

FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

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Choice Broking Vs Indira Securities Investment Options

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

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

  Choice Broking Indira Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Choice Broking Vs Indira Securities Suitable For Investor Type

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

  Choice Broking Indira Securities
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.
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
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.
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
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

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

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