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Choice Broking Vs Tradingo (Compare Choice Broking and Tradingo)

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

Tradingo (Swastika Investmart Ltd) Logo

About Tradingo
Tradingo is an Indore-based discount broker offering stock, commodity, and currency trading services. Tradingo provides transparent, faster, and low-cost brokerage service to India Stock Market customers who would like to trade online with little assistance from a broker. Tradingo was launched in 2016 and later became part of Swastika Investmart Ltd, a traditional stockbroker, and financial service provider since 1992. Tradingo charges zero brokerage on Equity Delivery trades and flat Rs 20 fo... Know more about Tradingo (Swastika Investmart Ltd)

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Choice Broking Vs Tradingo

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 2016, Tradingo is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has branches across India.

  Choice Broking Tradingo
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, ICDEX NSE, BSE, MCX and NCDEX
Year of Incorporation 2010 2016
Number of Branches 50
Enquire Choice BrokingOpen Tradingo Account

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Choice Broking Vs Tradingo Charges & AMC

Choice Broking trading account opening charges is Rs 0 (Free) while Tradingo account opening changes is Rs 0. Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free) and Tradingo Demat Account AMC Charges is Rs 250.

  Choice Broking Tradingo
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 250

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Choice Broking Vs Tradingo Brokerage

Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02% whereas Tradingo brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per trade or 0.03% (whichever is lower).

Account Type Choice Broking Standard Plan Tradingo Discount Broking Plan
Fixed Charges Nil
Equity Delivery 0.20% Rs 0 (Free)
Equity Intraday 0.02% Rs 20 per trade or 0.03% (whichever is lower)
Equity Futures 0.02% Rs 20 per trade or 0.03% (whichever is lower)
Equity Options Rs 25 per lot Rs 20 per executed order
Currency Futures 0.02% Rs 20 per trade or 0.01% (whichever is lower)
Currency Options Rs 20 per lot Rs 20 per executed order
Commodity Futures 0.02% Rs 20 per trade or 0.01% (whichever is lower)
Commodity Options Rs 50 per lot Rs 100 per executed order
Special Offer
Special Offer: Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer

Choice Broking Vs Tradingo Brokerage Plan 2

  Choice Broking Tradingo
Account Type Standard Plan Premium Plan
Fixed Charges
Equity Delivery 0.20% 0.3% of trade value
Equity Intraday 0.02% 0.03% of trade value
Equity Futures 0.02% 0.03% of trade value
Equity Options Rs 25 per lot Rs 50 per lot
Currency Futures 0.02% 0.3% of trade value
Currency Options Rs 20 per lot Rs 50 per lot
Commodity Futures 0.02% 0.3% of trade value
Commodity Options Rs 50 per lot Rs 100 per lot
Enquire Choice BrokingOpen Tradingo Account

Choice Broking Charges Vs Tradingo

Minimum Brokerage Rs 0
Other Charges Real Time Trade Confirmation SMS Charges - Rs 0.25 per trade (capped to Rs. 10 per day)
Call & Trade Charges Rs 0 (Free) Additional Rs 20 per executed order

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Choice Broking Vs Tradingo Transaction Charges

Choice Broking transaction charges for options is NSE Rs 5000 per crore (0.05%) while Tradingo exchange transaction charges for options is NSE Rs 7500 per crore | BSE Rs 50 per crore (each side) (on premium).

  Choice Broking Tradingo
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 275 per crore (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 275 per crore (each side
Equity Futures NSE Rs 240 per crore (0.0024%) NSE Rs 325 per crore | BSE Rs 50 per crore (each side)
Equity Options NSE Rs 5000 per crore (0.05%) NSE Rs 7500 per crore | BSE Rs 50 per crore (each side) (on premium)
Currency Futures NSE Rs 90 per crore (0.0009%) NSE Rs 160 per crore (0.0016%)
Currency Options NSE Rs 4000 per crore (0.04%) NSE Rs 6000 per crore (0.06%)
Commodity Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) Non-Agri Rs 325 per crore | Agri (NCDEX) Rs 600 per Cr
Enquire Choice BrokingOpen Tradingo Account

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Choice Broking Vs Tradingo Leverage (Margin)

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

  Choice Broking Tradingo
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 Tradingo Account

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Compare Choice Broking and Tradingo Features

The trading platforms offered Choice Broking include Jiffy. Tradingo offers Tradingo, Justrade trading software.

  Choice Broking Tradingo
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 Yes
Trading Platform Jiffy Tradingo, Justrade
Intraday Square-off Time 3:15 PM Eq: 3:15PM | Curr/Commodity: 15 Mins before market closes
Other Features
Referral Program Yes
Enquire Choice BrokingOpen Tradingo Account

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Choice Broking Vs Tradingo Review

Choice Broking is rated 3.6 of 5 based on 9 customer reviews whereas Tradingo is rated 4.0 of 5 based on 6 customer reviews.

  Choice Broking Tradingo
  9 Customer Reviews    Rate Choice Broking 6 Customer Reviews    Rate Tradingo
Fees 4.2 4.2
Brokerage 3.6 4.7
Trading Platform 3.8 3.5
Customer Service 3.6 3.8
Research Capabilities 3.6 2.0
Overall Ratings Rated 3.6 stars Rated 4.0 stars
Broker Rating Choice Broking is rated 3.6 of 5 based on 9 customer reviews Tradingo is rated 4.0 of 5 based on 6 customer reviews

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Contact Broker / Request A Call Back

  Choice Broking Enquire Tradingo Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer

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Choice Broking Vs Tradingo Investment Options

  Choice Broking Tradingo
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 Tradingo Order Type Offered

  Choice Broking Tradingo
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
Good Till Cancelled (GTC) Yes
Enquire Choice BrokingOpen Tradingo Account

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Choice Broking Vs Tradingo Research Report

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

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Choice Broking Vs Tradingo Suitable For Investor Type

  Choice Broking Tradingo
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Choice Broking Vs Tradingo - Pros and Cons

  Choice Broking Tradingo
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.
  • Discount stock broker.
  • Offer margin funding and higher exposure.
  • No brokerage charges for equity delivery trades.
  • 3 different trading platforms: ODIN, NSE Now, JUSTRADE
  • Online IPO and Mutual Funds available.
  • Free trading software
  • Branches in 80+ cities.
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.
  • Call & trade is changed Rs 20 extra.
  • Doesn't offer 3-in-1 account
  • Charge annual maintenance change on demat account.
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.

Tradingo is an Indore-based discount broker offering online and offline trading and investment services across Stocks, F&O, Currency, Commodity, IPO, Mutual Funds, and US Stocks.

Tradingo was launched in 2016 and later became part of Swastika Investmart Ltd, a traditional stockbroker and a financial service provider with over two decades of experience in the broking industry. Tradingo is known to provide transparent, faster, and low-cost brokerage services to its customers.

Tradingo offers free account opening. It has a simple pricing model with two brokerage plans to offer - (i) Discount Broking Plan (ii) Premium Plan. Tradingo charges zero brokerage on Equity Delivery trades and flat Rs 20 for all other segments at BSE, NSE, and MCX under the Discount Plan. With the Premium plan, investors get access to daily free research calls, a personal relationship manager, brokerage credit, and higher exposure limits at an additional cost.

Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

Enquire Choice BrokingOpen Tradingo Account

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