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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... 
Paytm Money
Incorporated in 2017, Paytm Money Limited (commonly known as Paytm Money) is a Bengaluru based discount brokering firm. Paytm Money is a wholly-owned subsidiary of India's largest and leading digital goods and mobile platform, One97 Communications Ltd that also owns the Paytm brand. Paytm is an RBI-approved Indian e-commerce payment system.
Paytm Money is a SEBI registered stockbroker and an Investment Advisor. The company has a depository participant membership of CDSL and is also a member of ...
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 2017, Paytm Money is a Discount Broker. It offers trading at NSE and BSE. It has 1 branches across India.
| Choice Broking | Paytm Money | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX, ICDEX | NSE and BSE |
| Year of Incorporation | 2010 | 2017 |
| Number of Branches | 50 | 1 |
Choice Broking trading account opening charges is Rs 0 (Free) while Paytm Money account opening changes is Rs 200. Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free) and Paytm Money Demat Account AMC Charges is Rs 0 (Free).
| Choice Broking | Paytm Money | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 200 |
| 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 (Free) |
Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02% whereas Paytm Money brokerage charges for equity is Rs 0 (Free) and intraday is Lower of 0.05% or Rs 10 per executed order.
| Choice Broking | Paytm Money | |
|---|---|---|
| Account Type | Standard Plan | Standard Plan |
| Fixed Charges | NA | |
| Equity Delivery | 0.20% | Rs 0 (Free) |
| Equity Intraday | 0.02% | Lower of 0.05% or Rs 10 per executed order |
| Equity Futures | 0.02% | Rs 10 per executed order |
| Equity Options | Rs 25 per lot | Rs 10 per executed order |
| Currency Futures | 0.02% | |
| Currency Options | Rs 20 per lot | |
| Commodity Futures | 0.02% | |
| Commodity Options | Rs 50 per lot | |
| Special Offer | Special Offer: Brokerage free equity delivery trading + Flat Rs 10 Intra-day and F&O trades + Rs 0 Demat AMC. Get the offer |
| Minimum Brokerage | Rs 0.01 per executed order on Equity Delivery trades | |
| Other Charges | Platform Usage Fees - Rs300 p.a; Physical Statements/Documents - ₹300 per request + ₹300 per Courier | |
| Call & Trade Charges | Rs 0 (Free) | Rs 300 |
Choice Broking transaction charges for options is NSE Rs 5000 per crore (0.05%) while Paytm Money exchange transaction charges for options is Rs 5,000 per Cr (0.05%).
| Choice Broking | Paytm Money | |
|---|---|---|
| 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%) | Rs 190 per Cr (0.0019%) |
| Equity Options | NSE Rs 5000 per crore (0.05%) | Rs 5,000 per Cr (0.05%) |
| Currency Futures | NSE Rs 90 per crore (0.0009%) | |
| Currency Options | NSE Rs 4000 per crore (0.04%) | |
| Commodity | Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) |
Choice Broking margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Paytm Money 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.
| Choice Broking | Paytm Money | |
|---|---|---|
| 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) |
The trading platforms offered Choice Broking include Jiffy. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.
| Choice Broking | Paytm Money | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Jiffy | Paytm Money mobile app, Paytm Money website |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| Other Features | ||
| Referral Program | |
Choice Broking is rated 4.1 of 5 based on 7 customer reviews whereas Paytm Money is rated 3.4 of 5 based on 16 customer reviews.
| Choice Broking | Paytm Money | |
|---|---|---|
7 Customer Reviews  |
16 Customer Reviews |
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| Fees |  |
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| Overall Ratings | |
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| Broker Rating | Choice Broking is rated 4.1 of 5 based on 7 customer reviews | Paytm Money is rated 3.4 of 5 based on 16 customer reviews |
| Choice Broking Enquire | Paytm Money Enquire | |
|---|---|---|
| Contact Broker | Leave your contact information and we will get in touch with you.... | Brokerage free equity delivery trading + Flat Rs 10 Intra-day and F&O trades + Rs 0 Demat AMC. Get the offer |
| Choice Broking | Paytm Money | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| IPO | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | Portfolio Management Services, Insurance | NPS Retirement Fund, Digital Fund |
| Choice Broking | Paytm Money | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Choice Broking | Paytm Money | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Choice Broking | Paytm Money | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
| Choice Broking | Paytm Money | |
|---|---|---|
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| Cons |
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| 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. |
Paytm Money Limited, commonly known as Paytm Money, is a Bengaluru based online discount broker incorporated in 2017 offering trading and investment services for an entire range of financial products like Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, and IPO. The company also provides investment advisory services by way of offering investment packs for mutual fund investments. The company claims to be a leader and pioneer in low-cost trading. Paytm Money follows a flat fee model. The maximum brokerage charged by the broker is Rs 10 per trade. Paytm Money offers free Equity Delivery trading. Paytm Money is a member of NSE and BSE and has a depository membership with CDSL. Paytm Money charges Rs 200 towards account opening and zero annual maintenance charges for the Demat account. The company offers an online trading platform - Paytm Money on Android, iOS, and website. |
| Promo / Offers | Free Equity Delivery TradingGet free equity delivery trading (no brokerage) and pay flat Rs 10 brokerage for Intraday and F&O trades. Rs 0 AMC for your demat account. To open an account with Paytm Money, simply Open Online Account or request a callback. |
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