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Fyers Vs Choice Broking (Compare Fyers and Choice Broking)


Fyers Securities Ltd Logo

Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of 'Focus Your Energy & Reform the Self', representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd


Choice Equity Broking Private Limited Logo

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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Fyers Vs Choice Broking

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 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.

  Fyers Choice Broking
Type of Broker Discount Broker Full Service Broker
Exchnage Membership NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 2015 2010
Number of Branches 0 50
Open an Online Trading Account with Fyers.Open an Online Trading Account with Choice Broking.
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Fyers Vs Choice Broking Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Choice Broking account opening changes is Rs 0 (Free). Fyers Demat Account AMC Charges is Rs 300 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  Fyers Choice Broking
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 200 or as per plan. (1st year AMC free)
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Fyers Vs Choice Broking Brokerage Charges & Plans

Fyers Vs Choice Broking Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Fyers Choice Broking
Account Type Flat Fee Brokerage Plan Standard Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) 0.20%
Equity Intraday Rs 20 per executed order or .03% whichever is lower 0.02%
Equity Futures Rs 20 per executed order or .03% whichever is lower 0.02%
Equity Options Rs 20 per executed order Rs 25 per lot
Currency Futures Rs 20 per executed order or .03% whichever is lower 0.02%
Currency Options Rs 20 per executed order Rs 20 per lot
Commodity Futures Rs 20 per executed order or .03% whichever is lower 0.02%
Commodity Options Rs 20 per executed order Rs 50 per lot
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Fyers Charges Vs Choice Broking

Minimum Brokerage Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 20 per trade Rs 0 (Free)
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Fyers Vs Choice Broking Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Fyers Choice Broking
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures Rs 240 per Cr (0.0024%) NSE Rs 240 per crore (0.0024%)
Equity Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 240 per Cr (0.0024%) NSE Rs 90 per crore (0.0009%)
Currency Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 4000 per crore (0.04%)
Commodity NA Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Fyers Vs Choice Broking Leverage (Margin)

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

  Fyers Choice Broking
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)
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Compare Fyers and Choice Broking Features

The trading platforms offered Fyers include Fyers One (In-house build). Choice Broking offers Jiffy trading software.

  Fyers Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Fyers One (In-house build) Jiffy
Intraday Square-off Time 3:20 PM 3:15 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes Yes
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Fyers Vs Choice Broking Review

Fyers is rated 3.2 of 5 based on 21 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Fyers Choice Broking
  21 Customer Reviews    Rate Fyers 7 Customer Reviews    Rate Choice Broking
Fees 3.3 4.4
Brokerage 3.7 4.1
Trading Platform 3.2 4.4
Customer Service 3.4 4.0
Research Capabilities 1.7 4.2
Overall Ratings Rated 3.2 stars Rated 4.1 stars
Broker Rating Fyers is rated 3.2 of 5 based on 21 customer reviews Choice Broking is rated 4.1 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire Choice Broking Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. Leave your contact information and we will get in touch with you....
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Fyers Vs Choice Broking Investment Options

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

  Fyers 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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Fyers Vs Choice Broking Research Report

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

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

  Fyers Choice Broking
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
  • 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
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
  • 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

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Open Fyers AccountEnquire Choice Broking

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