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Choice Broking Vs SAMCO (Compare Choice Broking and SAMCO)

Choice Equity Broking Private Limited Logo

About 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 Securities Limited Logo

About SAMCO
SAMCO Securities is a Mumbai-based online discount broking firm offering to trade and invest online in stocks, Equity Derivatives, Currency Derivatives, Commodity, Mutual Funds, and IPO. Incorporated in 2015, SAMCO is known for its ultra-low brokerage, unique margin products, and free trading software. SAMCO is also popular for offering StockBasket, a tool to invest in an expert-selected basket of stocks selected based on 25+ stock rating parameters. The customers who move from traditional brok... Know more about SAMCO Securities Limited

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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
Enquire Choice BrokingOpen SAMCO Account

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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

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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 trade or 0.20% (whichever is lower) and intraday is Rs 20 per trade or 0.02% (whichever is lower).

Account Type Choice Broking Standard Plan SAMCO Standard
Fixed Charges NA
Equity Delivery 0.20% Rs 20 per trade or 0.20% (whichever is lower)
Equity Intraday 0.02% Rs 20 per trade or 0.02% (whichever is lower)
Equity Futures 0.02% Rs 20 per trade or 0.02% (whichever is lower)
Equity Options Rs 25 per lot Rs 20 per trade or 0.02% (whichever is lower)
Currency Futures 0.02% Rs 20 per trade or 0.02% (whichever is lower)
Currency Options Rs 20 per lot Rs 20 per trade or 0.02% (whichever is lower)
Commodity Futures 0.02% Rs 20 per trade or 0.02% (whichever is lower)
Commodity Options Rs 50 per lot Rs 20 per trade or 0.02% (whichever is lower)
Special Offer
Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Open Instant Account online with SAMCO and start trading today.

Choice Broking Charges Vs SAMCO

Minimum Brokerage 0.2% per executed order for Equity Delivery and 0.02% per executed order for all other segments
Other Charges
Call & Trade Charges Rs 0 (Free) Rs 20 per executed order

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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 5,300 per crore (0.053%) on Premium | BSE Rs 1 per trade.

  Choice Broking SAMCO
Equity Delivery NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade NSE Rs 345 per crore (0.00345%) | BSE Rs 345 per crore (0.00345%)
Equity Intraday NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade NSE Rs 345 per crore (0.00345%) | BSE Rs 345 per crore (0.00345%)
Equity Futures NSE Rs 240 per crore (0.0024%) NSE Rs 200 per crore (0.0020%) | BSE Rs 1 per trade
Equity Options NSE Rs 5000 per crore (0.05%) NSE Rs 5,300 per crore (0.053%) on Premium | BSE Rs 1 per trade
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 4,000 per crore (0.040%) on Premium Value
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 BrokingOpen SAMCO Account

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Choice Broking Vs SAMCO Leverage (Margin)

Choice Broking margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the SAMCO margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Choice Broking SAMCO
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Enquire Choice BrokingOpen SAMCO Account

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Compare Choice Broking and SAMCO Features

The trading platforms offered Choice Broking include Jiffy. SAMCO offers StockNote, Nest Trader, StockNote Trade API, Kya Trade, RankMF, StockBasket, Samco Star trading software.

  Choice Broking SAMCO
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 StockNote, Nest Trader, StockNote Trade API, Kya Trade, RankMF, StockBasket, Samco Star
Intraday Square-off Time 3:15 PM 3:15 PM
Other Features Margin Products - CashPlus, StockPlus, and BTPT
Referral Program Yes Yes
Enquire Choice BrokingOpen SAMCO Account

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Choice Broking Vs SAMCO Review

Choice Broking is rated 3.6 of 5 based on 9 customer reviews whereas SAMCO is rated 3.1 of 5 based on 22 customer reviews.

  Choice Broking SAMCO
  9 Customer Reviews    Rate Choice Broking 22 Customer Reviews    Rate SAMCO
Fees 4.2 3.4
Brokerage 3.6 3.8
Trading Platform 3.8 2.6
Customer Service 3.6 3.0
Research Capabilities 3.6 2.3
Overall Ratings Rated 3.6 stars Rated 3.1 stars
Broker Rating Choice Broking is rated 3.6 of 5 based on 9 customer reviews SAMCO is rated 3.1 of 5 based on 22 customer reviews

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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. Open Instant Account online with SAMCO and start trading today.

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Choice Broking Vs SAMCO Investment Options

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

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Choice Broking Vs SAMCO Order Type Offered

  Choice Broking SAMCO
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
Enquire Choice BrokingOpen SAMCO Account

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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

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Choice Broking Vs SAMCO Suitable For Investor Type

  Choice Broking SAMCO
Casual Investor Yes
Active Investor Yes
Trader Yes

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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

Free Account Opening + 100% Brokerage Refund for 1st Month + 0 AMC 1st Year

  • Free Account Opening
  • 100% free brokerage for 1st month
  • Free Demat AMC for 1st Year
  • Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.

It is a limited-time offer. Open Instant Account online and start trading the same day.

Enquire Choice BrokingOpen SAMCO Account

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