Edelweiss Vs Choice Broking (Compare Edelweiss and Choice Broking)

Edelweiss Vs Choice Broking

Incorporated in 2002, Edelweiss is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. 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.

	Edelweiss	Choice Broking
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation	2002	2010
Number of Branches	237	50
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Edelweiss Vs Choice Broking Charges & AMC

Edelweiss trading account opening charges is Rs 0 (Free) while Choice Broking account opening changes is Rs 0 (Free). Edelweiss Demat Account AMC Charges is Rs 500 (1st Year Free) and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

	Edelweiss	Choice Broking
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 500 (1st Year Free)	Rs 200 or as per plan. (1st year AMC free)

Edelweiss Vs Choice Broking Brokerage

Edelweiss brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

	Edelweiss	Choice Broking
Account Type	Edelweiss Lite	Standard Plan
Fixed Charges	NA
Equity Delivery	Rs 10 per executed order	0.20%
Equity Intraday	Rs 10 per executed order	0.02%
Equity Futures	Rs 10 per executed order	0.02%
Equity Options	Rs 10 per executed order	Rs 25 per lot
Currency Futures	Rs 10 per executed order	0.02%
Currency Options	Rs 10 per executed order	Rs 20 per lot
Commodity Futures		0.02%
Commodity Options		Rs 50 per lot
Special Offer	Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

Edelweiss Vs Choice Broking Brokerage Plan 2

	Edelweiss	Choice Broking
Account Type	Edelweiss Elite	Standard Plan
Fixed Charges
Equity Delivery	0.30%	0.20%
Equity Intraday	0.03%	0.02%
Equity Futures	0.03%	0.02%
Equity Options	Rs 75 per lot	Rs 25 per lot
Currency Futures	0.02%	0.02%
Currency Options	Rs 22 per lot	Rs 20 per lot
Commodity Futures		0.02%
Commodity Options		Rs 50 per lot
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Edelweiss Charges Vs Choice Broking

Minimum Brokerage	0.03% Equity delivery, 0.01% Intra-day and Futures
Other Charges	Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges	Rs 20 per call	Rs 0 (Free)

Edelweiss Vs Choice Broking Transaction Charges

Edelweiss transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	Edelweiss	Choice Broking
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)	NSE Rs 240 per crore (0.0024%)
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%)	NSE Rs 90 per crore (0.0009%)
Currency Options	Rs 4000 per Cr (0.04%) (on premium)	NSE Rs 4000 per crore (0.04%)
Commodity		Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Edelweiss Vs Choice Broking Leverage (Margin)

Edelweiss margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Choice Broking 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.

	Edelweiss	Choice Broking
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 Edelweiss and Choice Broking Features

The trading platforms offered Edelweiss include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress. Choice Broking offers Jiffy trading software.

	Edelweiss	Choice Broking
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	Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress	Jiffy
Intraday Square-off Time	3:00 PM	3:15 PM
Other Features
Referral Program
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Edelweiss Vs Choice Broking Review

Edelweiss is rated 3.0 of 5 based on 65 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

	Edelweiss	Choice Broking
	65 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Edelweiss is rated 3.0 of 5 based on 65 customer reviews	Choice Broking is rated 4.1 of 5 based on 7 customer reviews

Edelweiss Vs Choice Broking Investment Options

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

Edelweiss Vs Choice Broking Order Type Offered

	Edelweiss	Choice Broking
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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Edelweiss Vs Choice Broking Research Report

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

Edelweiss Vs Choice Broking Suitable For Investor Type

	Edelweiss	Choice Broking
Casual Investor
Active Investor
Trader

Edelweiss Vs Choice Broking - Pros and Cons

	Edelweiss	Choice Broking
Pros	Full-service broker offering discount brokerage plan. Trade at flat Rs 10 per executed order across all segments in Edelweiss Lite Plan. Instant online account opening: Open your Investing & Trading account in less than 15 minutes. Offer commodity trading on the same trading platform. Free research and trading tips call to all the customers. Online IPO application.	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.
Cons	The bracket orders are not available. Good Till canceled orders are not available. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures Call & Trade is available at an additional cost of Rs 20 per call.	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.
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	Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only) Flat Rs 10 per trade across all segments. FREE Research and Trading Tips. Margin against share and Margin Funding available. It is a limited-time offer. Open FREE Edelweiss Account online in just 15 Minutes.
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