Choice Broking Vs Paytm Money (Compare Choice Broking and Paytm Money)


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


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 ... Know more about Paytm Money Limited

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Choice Broking Vs Paytm Money

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
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Choice Broking Vs Paytm Money Charges & AMC

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)
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Choice Broking Vs Paytm Money Brokerage Charges & Plans

Choice Broking Vs Paytm Money Brokerage

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

Choice Broking Charges Vs Paytm Money

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
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Choice Broking Vs Paytm Money Transaction Charges

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%)
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Choice Broking Vs Paytm Money Leverage (Margin)

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)
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Compare Choice Broking and Paytm Money Features

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 No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform Jiffy Paytm Money mobile app, Paytm Money website
Intraday Square-off Time 3:15 PM 3:15 PM
Other Features
Referral Program Yes
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Choice Broking Vs Paytm Money Review

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    Rate Choice Broking 16 Customer Reviews    Rate Paytm Money
Fees 4.4 3.4
Brokerage 4.1 3.9
Trading Platform 4.4 3.7
Customer Service 4.0 2.5
Research Capabilities 4.2 3.2
Overall Ratings Rated 4.1 stars Rated 3.4 stars
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
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Contact Broker / Request A Call Back

  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
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Choice Broking Vs Paytm Money Investment Options

  Choice Broking Paytm Money
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt No No
Other Investment Options Portfolio Management Services, Insurance NPS Retirement Fund, Digital Fund
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Choice Broking Vs Paytm Money Order Type Offered

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

  Choice Broking Paytm Money
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 Paytm Money Suitable For Investor Type

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

  Choice Broking Paytm Money
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.
  • Brokerage free equity delivery trading.
  • Low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Direct MF platform that helps you earn an extra 1% returns.
  • Zero Maintenance Charges.
  • Instant digital account opening.
  • Simple and easy trading platforms.
  • Online IPO application services.
  • Offers to invest in NPS and digital gold investment along with Stocks, Derivatives, and MF.
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.
  • Branch support not available.
  • GTC order type not available.
  • Trading platforms uses fee: Rs 300 per year.
  • No Margin trading facility.
  • No Margin against shares.
  • Commodity and Currency trading 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.

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 Trading

Get 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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