Choice Broking Vs Tradeplus (Compare Choice Broking and Tradeplus)

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
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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

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
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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

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)
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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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Jiffy	INFINI, NSE NOW
Intraday Square-off Time	3:15 PM
Other Features
Referral Program
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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	35 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

Choice Broking Vs Tradeplus Investment Options

	Choice Broking	Tradeplus
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Portfolio Management Services, Insurance

Choice Broking Vs Tradeplus Order Type Offered

	Choice Broking	Tradeplus
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Choice Broking Vs Tradeplus Research Report

	Choice Broking	Tradeplus
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Choice Broking Vs Tradeplus Suitable For Investor Type

	Choice Broking	Tradeplus
Casual Investor
Active Investor
Trader

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.	Unlimited monthly trading plans available for frequent traders. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment. Low demat AMC or Rs 90 per month. 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.	Customer has to pay software charges. High call & trade charges. Rs 1000 per month. 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.
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