Choice Broking Vs SAMCO (Compare Choice Broking and SAMCO)

The side-by-side comparison of Choice Broking and SAMCO. Compare Choice Broking Vs SAMCO brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Choice Broking vs 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

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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
Supported Exchnages BSE, NSE, MCX, NCDEX, ICDEX BSE, NSE, MCX, NCDEX
Account Type Standard Plan Standard
Year of Incorporation 2010
Number of Branches 50
Broker Enquiry Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SAMCO. Leave your contact info and we will get in touch with you.
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Choice Broking Vs SAMCO Charges & AMC

Choice Broking trading account opening charges is ₹0 (Free) while SAMCO account opening changes is ₹0. Choice Broking Demat Account AMC Charges is ₹200 or as per plan. (1st year AMC free) and SAMCO Demat Account AMC Charges is ₹400.

  Choice Broking SAMCO
Trading Account Opening Charges ₹0 (Free) ₹0
Trading Account AMC Charges ₹0 (Free) ₹0
Demat Account Opening Charges ₹0 (Free) ₹0
Demat Account AMC Charges ₹200 or as per plan. (1st year AMC free) ₹400
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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 ₹20 per executed order and intraday is ₹20 per executed order.

  Choice Broking SAMCO
Account Type Standard Plan Standard
Fixed Charges NA
Equity Delivery Brokerage 0.20% ₹20 per executed order
Equity Intraday Brokerage 0.02% ₹20 per executed order
Equity Futures Brokerage 0.02% ₹20 per executed order
Equity Options Brokerage ₹25 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.02% ₹20 per executed order
Currency Options Trading Brokerage ₹20 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.02%
Commodity Options Trading Brokerage ₹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 Charges ₹0
Other Brokerage Charges
Call & Trade Charges ₹0 (Free) ₹20 per executed order
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Choice Broking Vs SAMCO Transaction Charges

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

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

Choice Broking provides the margin of Up to 20x for intraday trades whereas the SAMCO margin for intraday cash is Normal Orders: 3x to 15x | CO & BO: Up to 33x.

  Choice Broking SAMCO
Equity Delivery 1x (no margin) Up to 4x
Equity Intraday Up to 20x Normal Orders: 3x to 15x | CO & BO: Up to 33x
Equity Futures Up to 5x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 1x (no margin) for Options buying and up to 10x for options selling Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Up to 3x Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 1x (no margin) Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Up to 5x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options 1x (no margin)
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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 Available 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
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Choice Broking Vs SAMCO Review

Choice Broking is rated 4.7 of 5 based on 3 customer reviews whereas SAMCO is rated 3.5 of 5 based on 16 customer reviews.

  Choice Broking SAMCO
  3 Customer Reviews    Rate Choice Broking 16 Customer Reviews    Rate SAMCO
Fees 4.7 3.6
Trading Brokerage 4.3 4.0
Trading Platform Usability 4.7 2.9
Customer Service 4.3 3.4
Research Capabilities 5.0 3.5
Overall Ratings Rated 4.7 stars Rated 3.5 stars
Broker Rating Choice Broking is rated 4.7 of 5 based on 3 customer reviews SAMCO is rated 3.5 of 5 based on 16 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Enquire SAMCO Enquire
Contact Broker

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Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

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Choice Broking Vs SAMCO Investment Options

  Choice Broking SAMCO
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
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
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
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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 ₹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

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