Geojit Vs Choice Broking (Compare Geojit and Choice Broking)

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


Geojit
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance. Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art onl... Know more about Geojit BNP Paribas


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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Geojit Vs Choice Broking

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 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.

  Geojit Choice Broking
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX-SX BSE, NSE, MCX, NCDEX, ICDEX
Account Type Online Trading Standard Plan
Year of Incorporation 1987 2010
Number of Branches 509 50
Broker Enquiry Open an Online Trading Account with Geojit. 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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Geojit Vs Choice Broking Charges & AMC

Geojit trading account opening charges is ₹425 while Choice Broking account opening changes is ₹0 (Free). Geojit Demat Account AMC Charges is ₹0 and Choice Broking Demat Account AMC Charges is ₹200 or as per plan. (1st year AMC free).

  Geojit Choice Broking
Trading Account Opening Charges ₹425 ₹0 (Free)
Trading Account AMC Charges NIL ₹0 (Free)
Demat Account Opening Charges NIL ₹0 (Free)
Demat Account AMC Charges ₹0 ₹200 or as per plan. (1st year AMC free)
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Geojit Vs Choice Broking Brokerage Charges & Plans

Geojit Vs Choice Broking Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Geojit Choice Broking
Account Type Online Trading Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.30% 0.20%
Equity Intraday Brokerage 0.03% 0.02%
Equity Futures Brokerage 0.03% 0.02%
Equity Options Brokerage ₹125 per contract ₹25 per lot
Currency Futures Trading Brokerage 0.03% 0.02%
Currency Options Trading Brokerage ₹125 per contract ₹20 per lot
Commodity Futures Trading Brokerage NA 0.02%
Commodity Options Trading Brokerage NA ₹50 per lot
Special Offer

Geojit Charges Vs Choice Broking

Minimum Brokerage Charges 1p per share or ₹20/contract whichever is higher
Other Brokerage Charges
Call & Trade Charges ₹0 (Free)
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Geojit Vs Choice Broking Transaction Charges

Geojit transaction charges for options is ₹5500 per Cr (0.05%) while Choice Broking exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  Geojit Choice Broking
Equity Delivery ₹325 per Cr (0.00325%) NSE ₹325 per crore (0.00325%) | BSE Flat Rate of ₹1.51 per Trade
Equity Intraday ₹325 per Cr (0.00325%) NSE ₹325 per crore (0.00325%) | BSE Flat Rate of ₹1.51 per Trade
Equity Futures ₹210 per Cr (0.0021%) NSE ₹240 per crore (0.0024%)
Equity Options ₹5500 per Cr (0.05%) NSE ₹5000 per crore (0.05%)
Currency Futures ₹145 per Cr (0.00145%) NSE ₹90 per crore (0.0009%)
Currency Options ₹4730 per Cr (0.0473%) on premium NSE ₹4000 per crore (0.04%)
Commodity NA Non-Agri ₹290 per Crore (0.0029%) | Agri ₹178 per Crore (0.00178%)
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Geojit Vs Choice Broking Leverage (Margin)

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

  Geojit Choice Broking
Equity Delivery Upto 7x with 22% interest per year 1x (no margin)
Equity Intraday Upto 10x Up to 20x
Equity Futures No additional leverage Up to 5x
Equity Options No additional leverage 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures No additional leverage Up to 3x
Currency Options No additional leverage 1x (no margin)
Commodity Futures NA Up to 5x
Commodity Options 1x (no margin)
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Compare Geojit and Choice Broking Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Choice Broking offers Jiffy trading software.

  Geojit Choice Broking
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 Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Selfie Platinum, Selfie Gold, Mobile App Jiffy
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes
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Geojit Vs Choice Broking Review

Geojit is rated 3.7 of 5 based on 99 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  Geojit Choice Broking
  99 Customer Reviews    Rate Geojit 3 Customer Reviews    Rate Choice Broking
Fees 3.6 4.7
Trading Brokerage 3.3 4.3
Trading Platform Usability 4.1 4.7
Customer Service 3.8 4.3
Research Capabilities 3.3 5.0
Overall Ratings Rated 3.7 stars Rated 4.7 stars
Broker Rating Geojit is rated 3.7 of 5 based on 99 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

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Geojit Vs Choice Broking Investment Options

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

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

  Geojit Choice Broking
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Geojit Vs Choice Broking Suitable For Investor Type

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

  Geojit Choice Broking
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.
Cons 1. Very high Options trading brokerage charges. Geojit charges ₹125 per contract for Intraday Options and ₹150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of ₹20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional ₹20 per Contract or 5 paisa per share whichever is higher.
  • 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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