Finvasia Vs Choice Broking (Compare Finvasia and Choice Broking)

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


Finvasia
Finvasia is India based technology-driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset management, investment banking, advisory, and currency hedging. Finvasia cater to retail, institutional and foreign customers. Honest Pricing. Leading-edge Platform. Exceptional Service. Finvasia Founders Finvasia Securities is based in Chandigarh, In... Know more about Finvasia Securities Pvt Ltd


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

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Finvasia Vs Choice Broking

Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 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.

  Finvasia Choice Broking
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Account Type Standard Standard Plan
Year of Incorporation 2013 2010
Number of Branches 1 50
Broker Enquiry Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you.
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Finvasia Vs Choice Broking Charges & AMC

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

  Finvasia Choice Broking
Trading Account Opening Charges ₹0 (Free) ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) ₹0 (Free)
Demat Account AMC Charges ₹0 per year (Lifetime Zero AMC) ₹200 or as per plan. (1st year AMC free)
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Finvasia Vs Choice Broking Brokerage Charges & Plans

Finvasia Vs Choice Broking Brokerage

Finvasia brokerage charges for equity is ₹0 and intraday is ₹0 whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Finvasia Choice Broking
Account Type Standard Standard Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 0.20%
Equity Intraday Brokerage ₹0 0.02%
Equity Futures Brokerage ₹0 0.02%
Equity Options Brokerage ₹0 ₹25 per lot
Currency Futures Trading Brokerage ₹0 0.02%
Currency Options Trading Brokerage ₹0 ₹20 per lot
Commodity Futures Trading Brokerage ₹0 0.02%
Commodity Options Trading Brokerage ₹0 ₹50 per lot
Special Offer

Finvasia Charges Vs Choice Broking

Minimum Brokerage Charges ₹0
Other Brokerage Charges Bracket Orders in NEST: ₹99 per month
Call & Trade Charges ₹0 ₹0 (Free)
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Finvasia Vs Choice Broking Transaction Charges

Finvasia transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while Choice Broking exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  Finvasia Choice Broking
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per crore (0.00325%) | BSE Flat Rate of ₹1.51 per Trade
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per crore (0.00325%) | BSE Flat Rate of ₹1.51 per Trade
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side) NSE ₹240 per crore (0.0024%)
Equity Options ₹5000 per Cr (0.05%) (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures ₹115 per Cr (0.00115%) NSE ₹90 per crore (0.0009%)
Currency Options ₹4000 per Cr (0.04%) (on premium) NSE ₹4000 per crore (0.04%)
Commodity ₹260 per Cr (0.0026%) Non-Agri ₹290 per Crore (0.0029%) | Agri ₹178 per Crore (0.00178%)
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Finvasia Vs Choice Broking Leverage (Margin)

Finvasia provides the margin of up to 10x for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.

  Finvasia Choice Broking
Equity Delivery 1x 1x (no margin)
Equity Intraday up to 10x Up to 20x
Equity Futures 2x Up to 5x
Equity Options 1x 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures 1x Up to 3x
Currency Options 1x 1x (no margin)
Commodity Futures 2x Up to 5x
Commodity Options 1x 1x (no margin)
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Compare Finvasia and Choice Broking Features

The trading platforms offered Finvasia include Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto. Choice Broking offers Jiffy trading software.

  Finvasia Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) No Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto Jiffy
Intraday Square-off Time 3:15 PM 3:15 PM
Other Features Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program Yes
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Finvasia Vs Choice Broking Review

Finvasia is rated 4.5 of 5 based on 28 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  Finvasia Choice Broking
  28 Customer Reviews    Rate Finvasia 3 Customer Reviews    Rate Choice Broking
Fees 4.7 4.7
Trading Brokerage 4.9 4.3
Trading Platform Usability 3.4 4.7
Customer Service 4.5 4.3
Research Capabilities 2.7 5.0
Overall Ratings Rated 4.5 stars Rated 4.7 stars
Broker Rating Finvasia is rated 4.5 of 5 based on 28 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
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Finvasia Vs Choice Broking Investment Options

  Finvasia Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No No
Other Investment Options Portfolio Management Services, Insurance
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Finvasia Vs Choice Broking Order Type Offered

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

  Finvasia Choice Broking
Daily Market Report Yes Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Finvasia Vs Choice Broking Suitable For Investor Type

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

  Finvasia Choice Broking
Pros
  • Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform.
  • Doesn't charge any trade clearing charges.
  • A variety of trading platforms are available for the trader to choose from.
  • Provides trading API and support Algo trading tools.
  • Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients.
  • Call & trade is available for free to all the customers.
  • GTC orders are available in MCX.
  • 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
  • Scalpter, the web-based trading platform has only 1 min charting frame.
  • Bracket orders are chargeable.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.
  • Finvasia is an online stock broker. It doesn't have branch offices.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding.
  • Leverage offered is on the lower side in comparison with other discount brokers.
  • 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.

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