Choice Broking Vs Tradeplus (Compare Choice Broking and Tradeplus)


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


Tradeplus
Tradeplus is an online stock broker (hybrid of traditional and discount broker) offering trading & investment at BSE, NSE and MCX. Tradeplus is famous for its unlimited zero brokerage trading plans which offer infinite trading at a fixed monthly fee in few segments. The unlimited trading plans are available in Commodities, Equity&Options and Currency Derivatives segments. Tradeplus also offer demat account services at a low AMC charge of Rs 90 per year. Tradeplus also offer Online Mutual... Know more about Tradeplus (Navia Markets Ltd)

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Choice Broking Vs Tradeplus

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 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Choice Broking Tradeplus
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, ICDEX BSE, NSE, MCX
Year of Incorporation 2010 1995
Number of Branches 50
Open an Online Trading Account with Choice Broking.Open an Online Trading Account with Tradeplus.
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Choice Broking Vs Tradeplus Charges & AMC

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

  Choice Broking Tradeplus
Trading Account Opening Charges Rs 0 (Free) Rs 0
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
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Choice Broking Vs Tradeplus Brokerage Charges & Plans

Choice Broking Vs Tradeplus Brokerage

Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02% whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

  Choice Broking Tradeplus
Account Type Standard Plan Flat Zero brokerage Scheme
Fixed Charges As per segment
Equity Delivery 0.20% Rs 0 (Free)
Equity Intraday 0.02% NA
Equity Futures 0.02% Rs 799 per month (unlimited trading)
Equity Options Rs 25 per lot Rs 99 per month (unlimited trading)
Currency Futures 0.02% Rs 99 per month (unlimited trading)
Currency Options Rs 20 per lot Rs 99 per month (unlimited trading)
Commodity Futures 0.02% Rs 99 per month (unlimited trading)
Commodity Options Rs 50 per lot Rs 99 per month (unlimited trading)
Special Offer
Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

Choice Broking Vs Tradeplus Brokerage Plan 2

  Choice Broking Tradeplus
Account Type Standard Plan Flexi Brokerage Plan
Fixed Charges NA
Equity Delivery 0.20% Rs 0 (Free)
Equity Intraday 0.02% Lower of - Rs 9 per trade or 0.01%
Equity Futures 0.02% Rs 9 per executed order
Equity Options Rs 25 per lot Rs 9 per executed order
Currency Futures 0.02% Rs 9 per executed order
Currency Options Rs 20 per lot Rs 9 per executed order
Commodity Futures 0.02% Rs 9 per executed order
Commodity Options Rs 50 per lot Rs 9 per executed order
Enquire Choice BrokingEnquire Tradeplus

Choice Broking Charges Vs Tradeplus

Minimum Brokerage
Other Charges SMS Charges: Rs 100 per segment.
Call & Trade Charges Rs 0 (Free) Flat Rs 75 per day
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Choice Broking Vs Tradeplus Transaction Charges

Choice Broking transaction charges for options is NSE Rs 5000 per crore (0.05%) while Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

  Choice Broking Tradeplus
Equity Delivery NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade Rs 345 per crore (0.00345%) (each side)
Equity Intraday NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade Rs 345 per crore (0.00345%) (sale side)
Equity Futures NSE Rs 240 per crore (0.0024%) Rs 360 per crore (0.0036%)
Equity Options NSE Rs 5000 per crore (0.05%) Rs 7800 per crore (0.078%)(on premium)
Currency Futures NSE Rs 90 per crore (0.0009%) Rs 140 per crore (0.0014%)
Currency Options NSE Rs 4000 per crore (0.04%) Rs 6000 (on premium) per crore (0.06%)
Commodity Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) Rs 500 (0.005%)
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Choice Broking Vs Tradeplus 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 Tradeplus 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 Tradeplus
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 Tradeplus
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Compare Choice Broking and Tradeplus Features

The trading platforms offered Choice Broking include Jiffy. Tradeplus offers INFINI, NSE NOW trading software.

  Choice Broking Tradeplus
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Jiffy INFINI, NSE NOW
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes
Enquire Choice BrokingEnquire Tradeplus
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Choice Broking Vs Tradeplus Review

Choice Broking is rated 4.1 of 5 based on 7 customer reviews whereas Tradeplus is rated 3.0 of 5 based on 35 customer reviews.

  Choice Broking Tradeplus
  7 Customer Reviews    Rate Choice Broking 35 Customer Reviews    Rate Tradeplus
Fees 4.4 3.6
Brokerage 4.1 4.1
Trading Platform 4.4 2.8
Customer Service 4.0 2.7
Research Capabilities 4.2 2.0
Overall Ratings Rated 4.1 stars Rated 3.0 stars
Broker Rating Choice Broking is rated 4.1 of 5 based on 7 customer reviews Tradeplus is rated 3.0 of 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Enquire Tradeplus Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer
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Choice Broking Vs Tradeplus Investment Options

  Choice Broking Tradeplus
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt No Yes
Other Investment Options Portfolio Management Services, Insurance
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Choice Broking Vs Tradeplus Order Type Offered

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

  Choice Broking Tradeplus
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 Tradeplus Suitable For Investor Type

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

  Choice Broking Tradeplus
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.
  1. Unlimited monthly trading plans available for frequent traders.
  2. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment.
  3. Low demat AMC or Rs 90 per month.
  4. Analysis tools available for intraday trading.
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.
  1. Customer has to pay software charges.
  2. High call & trade charges. Rs 1000 per month.
  3. Lower margin.
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 Equity Delivery Trade + Flat Rs 9 intranet and F&O trade

Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.

Enquire Choice BrokingEnquire Tradeplus

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