HDFC Securities Vs Choice Broking (Compare HDFC Securities and Choice Broking)

HDFC Securities Vs Choice Broking

Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 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.

	HDFC Securities	Choice Broking
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation	2002	2010
Number of Branches	270	50
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HDFC Securities Vs Choice Broking Charges & AMC

HDFC Securities trading account opening charges is Rs 999 while Choice Broking account opening changes is Rs 0 (Free). HDFC Securities Demat Account AMC Charges is Rs 750 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

	HDFC Securities	Choice Broking
Trading Account Opening Charges	Rs 999	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Rs 750	Rs 200 or as per plan. (1st year AMC free)

HDFC Securities Vs Choice Broking Brokerage

HDFC Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

	HDFC Securities	Choice Broking
Account Type	Online Trading	Standard Plan
Fixed Charges	NA
Equity Delivery	0.50%	0.20%
Equity Intraday	0.05%	0.02%
Equity Futures	0.05%	0.02%
Equity Options	Rs 100 per lot or 1% of the premium (whichever is higher)	Rs 25 per lot
Currency Futures	Rs 23 per contract	0.02%
Currency Options	Rs 20 per contract	Rs 20 per lot
Commodity Futures	0.02% for Intraday / 0.025% for positional	0.02%
Commodity Options	0.02% for Intraday / 0.025% for positional	Rs 50 per lot
Special Offer	Special Offer: Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.

HDFC Securities Charges Vs Choice Broking

Minimum Brokerage	Rs 25 plus taxes
Other Charges
Call & Trade Charges	Rs 0	Rs 0 (Free)

HDFC Securities Vs Choice Broking Transaction Charges

HDFC Securities transaction charges for options is 0.050% (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	HDFC Securities	Choice Broking
Equity Delivery	0.00325%	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday	0.00325%	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures	.00190%	NSE Rs 240 per crore (0.0024%)
Equity Options	0.050% (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	0.00110%	NSE Rs 90 per crore (0.0009%)
Currency Options	0.040% (on premium)	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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HDFC Securities Vs Choice Broking Leverage (Margin)

HDFC Securities 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.

	HDFC Securities	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 HDFC Securities and Choice Broking Features

The trading platforms offered HDFC Securities include ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify. Choice Broking offers Jiffy trading software.

	HDFC Securities	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	ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify	Jiffy
Intraday Square-off Time	3:30 PM	3:15 PM
Other Features	E-Margin, ENCASH,
Referral Program
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HDFC Securities Vs Choice Broking Review

HDFC Securities is rated 2.2 of 5 based on 206 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

	HDFC Securities	Choice Broking
	206 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	HDFC Securities is rated 2.2 of 5 based on 206 customer reviews	Choice Broking is rated 4.1 of 5 based on 7 customer reviews

HDFC Securities Vs Choice Broking Investment Options

	HDFC Securities	Choice Broking
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading	Portfolio Management Services, Insurance

HDFC Securities Vs Choice Broking Order Type Offered

	HDFC Securities	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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HDFC Securities Vs Choice Broking Research Report

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

HDFC Securities Vs Choice Broking Suitable For Investor Type

	HDFC Securities	Choice Broking
Casual Investor
Active Investor
Trader

HDFC Securities Vs Choice Broking - Pros and Cons

	HDFC Securities	Choice Broking
Pros	The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.	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	In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank. Very high brokerage charges Charge minimum brokerage of Rs 25	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	HDFC 3-in-1 Account HDFC Securities offers a full-service 3-in-1 account, a combination of saving bank, trading and demat account. One account to investment in Equity, Derivatives, Mutual Funds, IPO and Fixed Deposits. Special Offer: Rs 750 demat account AMC is waived when you open your 3-in-1 account. Interested in opening a trading account? Request Callback from a stock broker.
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