Choice Broking Vs SAMCO (Compare Choice Broking and SAMCO)


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


SAMCO
SAMCO is India based online discount broker. It offers stock and commodity trading at NSE, BSE, and MCX. SAMCO's NBFC arm provide the margin funding, loan against shares and other financial products. It also offers depository services (demat account) through CDSL. Incorporated in 2015, SAMCO is among the lowest-cost broker in India. SAMCO is popular for its ultra-low brokerage, margin products, higher exposure and free trading software. Customer who moves from traditional brokers like ICICI Dir... Know more about SAMCO Securities Limited

Expand

Choice Broking Vs SAMCO

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 , SAMCO is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Choice Broking SAMCO
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, ICDEX BSE, NSE, MCX, NCDEX
Year of Incorporation 2010
Number of Branches 50
Open an Online Trading Account with Choice Broking.Open an Online Trading Account with SAMCO.
Enquire Choice BrokingEnquire SAMCO
Expand

Choice Broking Vs SAMCO Charges & AMC

Choice Broking trading account opening charges is Rs 0 (Free) while SAMCO 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 SAMCO Demat Account AMC Charges is Rs 400.

  Choice Broking SAMCO
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 400
Expand

Choice Broking Vs SAMCO Brokerage Charges & Plans

Choice Broking Vs SAMCO Brokerage

Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02% whereas SAMCO brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.

  Choice Broking SAMCO
Account Type Standard Plan Standard
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%
Commodity Options Rs 50 per lot
Special Offer
Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

Choice Broking Charges Vs SAMCO

Minimum Brokerage Rs 0
Other Charges
Call & Trade Charges Rs 0 (Free) Rs 20 per executed order
Expand

Choice Broking Vs SAMCO Transaction Charges

Choice Broking transaction charges for options is NSE Rs 5000 per crore (0.05%) while SAMCO exchange transaction charges for options is NSE Rs 5000 per crore | BSE Rs 1 per trade (each side).

  Choice Broking SAMCO
Equity Delivery NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Intraday NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Futures NSE Rs 240 per crore (0.0024%) NSE Rs 190 per crore | BSE Rs 1 per trade (each side)
Equity Options NSE Rs 5000 per crore (0.05%) NSE Rs 5000 per crore | BSE Rs 1 per trade (each side)
Currency Futures NSE Rs 90 per crore (0.0009%) NSE Rs 110 per crore (0.0011%)
Currency Options NSE Rs 4000 per crore (0.04%) NSE Rs 4000 (on premium) per crore (0.040%)
Commodity Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore
Enquire Choice BrokingEnquire SAMCO
Expand

Choice Broking Vs SAMCO 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 SAMCO 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 SAMCO
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)
Enquire Choice BrokingEnquire SAMCO
Expand

Compare Choice Broking and SAMCO Features

The trading platforms offered Choice Broking include Jiffy. SAMCO offers OMNESYS NEST, StockNote trading software.

  Choice Broking SAMCO
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Jiffy OMNESYS NEST, StockNote
Intraday Square-off Time 3:15 PM 3:15 PM
Other Features Margin Products - CashPlus, StockPlus, and InstaPlus
Referral Program Yes
Enquire Choice BrokingEnquire SAMCO
Expand

Choice Broking Vs SAMCO Review

Choice Broking is rated 4.1 of 5 based on 7 customer reviews whereas SAMCO is rated 3.3 of 5 based on 20 customer reviews.

  Choice Broking SAMCO
  7 Customer Reviews    Rate Choice Broking 20 Customer Reviews    Rate SAMCO
Fees 4.4 3.5
Brokerage 4.1 3.9
Trading Platform 4.4 2.8
Customer Service 4.0 3.3
Research Capabilities 4.2 2.6
Overall Ratings Rated 4.1 stars Rated 3.3 stars
Broker Rating Choice Broking is rated 4.1 of 5 based on 7 customer reviews SAMCO is rated 3.3 of 5 based on 20 customer reviews
Expand

Contact Broker / Request A Call Back

  Choice Broking Enquire SAMCO Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer
Expand

Choice Broking Vs SAMCO Investment Options

  Choice Broking SAMCO
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes
Debt No No
Other Investment Options Portfolio Management Services, Insurance
Expand

Choice Broking Vs SAMCO Order Type Offered

  Choice Broking SAMCO
Bracket Order No
Cover Order No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
Enquire Choice BrokingEnquire SAMCO
Expand

Choice Broking Vs SAMCO Research Report

  Choice Broking SAMCO
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
Expand

Choice Broking Vs SAMCO Suitable For Investor Type

  Choice Broking SAMCO
Casual Investor Yes
Active Investor Yes
Trader Yes
Expand

Choice Broking Vs SAMCO - Pros and Cons

  Choice Broking SAMCO
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.
  • A technology-driven stockbroker with significantly fewer overheads.
  • Flat Rs 20 per trade low-cost trading across segments.
  • Instant paperless online account opening process.
  • Margin products available for delivery margin and margin against shares.
  • StockNote, a mobile trading app with personalized news, managed alerts, advanced charts, and watch list with any number of shares.
  • Guest user for mobile app StockNote which allows you to check the app even before you becomes a customer.
  • Advance order types i.e. bracket order and cover order with up to 33 times leverage
  • Free 'NEST Trader' install-able trading terminal for frequent traders.
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.
  • No branch offices.
  • Mutual Fund investment is now available.
  • Online IPO applications are not available.
  • Additional charges for broker assisted traders (Call & Trade).
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

SAMCO has 2 limited time special offers running at this time.

  1. Trading & Demat Account Opening Fee Waived

    Open trading and demat account at absolutely no cost. The account opening fee is waived for limited period of time.

  2. 100% Brokerage Cash Back for 1st Month

    Open an account with SAMCO, download mobile trading app StockNote and get 100% cashback on brokerage paid for trades done through mobile app in 1st month. This cashback offer works only for trade executed using mobile app.

Get the Special Offer

Enquire Choice BrokingEnquire SAMCO

Compare More Brokers...

Choice Broking SAMCO
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App