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GCL Sec
IIFL
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Choice Broking
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Fyers
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SAS Online
The side-by-side comparison of Fyers and Choice Broking. Compare Fyers Vs Choice Broking brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Fyers vs Choice Broking?
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... 
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...
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 |
| Supported Exchnages | NSE, MCX | BSE, NSE, MCX, NCDEX, ICDEX |
| Account Type | Flat Fee Brokerage Plan | Standard Plan |
| Year of Incorporation | 2015 | 2010 |
| Number of Branches | 0 | 50 |
| Broker Enquiry |
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| Enquire Fyers | Enquire Choice Broking |
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) |
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 Brokerage | Rs 0 (Free) | 0.20% |
| Equity Intraday Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.02% |
| Equity Futures Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.02% |
| Equity Options Brokerage | Rs 20 per executed order | Rs 25 per lot |
| Currency Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.02% |
| Currency Options Trading Brokerage | Rs 20 per executed order | Rs 20 per lot |
| Commodity Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.02% |
| Commodity Options Trading Brokerage | Rs 20 per executed order | Rs 50 per lot |
| Special Offer | Special Offer: Brokerage free equity delivery trading (no commission) + Max flat Rs 20 Intra-day and F&O trades. Get the offer |
| Minimum Brokerage Charges | Intra-day: Rs 7 or 2.5% whichever is lower | |
| Other Brokerage 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) |
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%) |
| Enquire Fyers | Enquire Choice Broking |
Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.
| Fyers | Choice Broking | |
|---|---|---|
| Equity Delivery | 1 times | 1x (no margin) |
| Equity Intraday | Up to 16x (based on the stock) | Up to 20x |
| Equity Futures | Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) | Up to 5x |
| Equity Options | Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x | 1x (no margin) for Options buying and up to 10x for options selling |
| Currency Futures | Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | Up to 3x |
| Currency Options | Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) | 1x (no margin) |
| Commodity Futures | NA | Up to 5x |
| Commodity Options | 1x (no margin) | |
| Enquire Fyers | Enquire Choice Broking |
The trading platforms offered Fyers include Fyers One (In-house build). Choice Broking offers Jiffy trading software.
| Fyers | Choice Broking | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| 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 | |
|
| Enquire Fyers | Enquire Choice Broking |
Fyers is rated 3.8 of 5 based on 15 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.
| Fyers | Choice Broking | |
|---|---|---|
15 Customer Reviews  |
3 Customer Reviews |
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| Fees |  |
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| Trading Brokerage |  |
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| Trading Platform Usability | |
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| Customer Service |  |
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| Research Capabilities |  |
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| Overall Ratings |  |
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| Broker Rating | Fyers is rated 3.8 of 5 based on 15 customer reviews | Choice Broking is rated 4.7 of 5 based on 3 customer reviews |
| Fyers Enquire | Choice Broking Enquire | |
|---|---|---|
| Contact Broker |
| Fyers | Choice Broking | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| Initial Public Offers (IPO) | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | Portfolio Management Services, Insurance |
| Fyers | Choice Broking | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Enquire Fyers | Enquire Choice Broking |
| Fyers | Choice Broking | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Fyers | Choice Broking | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
| Fyers | Choice Broking | |
|---|---|---|
| Pros |
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| 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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| Promo / Offers | Free Equity Delivery TradingGet free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you. |
|
| Enquire Fyers | Enquire Choice Broking |
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