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

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


IIFL Securities
Incorporated in 1995, IIFL Securities, part of IIFL Group, is one of the largest independent full service stock brokering house serving retail and institutional clients. IIFL Group is a leading financial service provider in India offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial pr... Know more about IIFL Securities 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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IIFL Securities Vs Choice Broking

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 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.

  IIFL Securities Choice Broking
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Account Type Investor Plan (Online Plus) Standard Plan
Year of Incorporation 1996 2010
Number of Branches 900 50
Broker Enquiry Open an Online Trading Account with IIFL Securities. 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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IIFL Securities Vs Choice Broking Charges & AMC

IIFL Securities trading account opening charges is ₹250 (Currently waived off) while Choice Broking account opening changes is ₹0 (Free). IIFL Securities Demat Account AMC Charges is ₹250 (Free for first year) and Choice Broking Demat Account AMC Charges is ₹200 or as per plan. (1st year AMC free).

  IIFL Securities Choice Broking
Trading Account Opening Charges ₹250 (Currently waived off) ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹250 (Free for first year) ₹200 or as per plan. (1st year AMC free)
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IIFL Securities Vs Choice Broking Brokerage Charges & Plans

IIFL Securities Vs Choice Broking Brokerage

IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  IIFL Securities Choice Broking
Account Type Investor Plan (Online Plus) Standard Plan
Fixed Charges NA
Equity Delivery Brokerage 0.25% 0.20%
Equity Intraday Brokerage 0.025% 0.02%
Equity Futures Brokerage 0.025% 0.02%
Equity Options Brokerage ₹25 per lot ₹25 per lot
Currency Futures Trading Brokerage 0.025% or ₹20 per lot 0.02%
Currency Options Trading Brokerage ₹8 per lot ₹20 per lot
Commodity Futures Trading Brokerage 0.025% 0.02%
Commodity Options Trading Brokerage Gold ₹125 | Silver ₹80 | Crude Oil ₹80 ₹50 per lot
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

IIFL Securities Vs Choice Broking Brokerage Plan 2

  IIFL Securities Choice Broking
Account Type Premium Plan (Dedicated RM) Standard Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.20%
Equity Intraday Brokerage 0.05% 0.02%
Equity Futures Brokerage 0.05% 0.02%
Equity Options Brokerage ₹50 per lot ₹25 per lot
Currency Futures Trading Brokerage 0.05% or ₹20 per lot 0.02%
Currency Options Trading Brokerage ₹10 per lot ₹20 per lot
Commodity Futures Trading Brokerage 0.05% 0.02%
Commodity Options Trading Brokerage Gold ₹150 | Silver ₹100 | Crude Oil ₹100 ₹50 per lot
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IIFL Securities Vs Choice Broking Brokerage Plan 3

  IIFL Securities Choice Broking
Account Type Super Trader Plan (Pro Traders) Standard Plan
Fixed Charges ₹999
Equity Delivery Brokerage 0.10% 0.20%
Equity Intraday Brokerage 0.01% 0.02%
Equity Futures Brokerage 0.01% 0.02%
Equity Options Brokerage flat ₹10 per lot ₹25 per lot
Currency Futures Trading Brokerage 0.015% or ₹15 per lot 0.02%
Currency Options Trading Brokerage flat ₹5 per lot ₹20 per lot
Commodity Futures Trading Brokerage 0.015% 0.02%
Commodity Options Trading Brokerage Gold ₹80 | Silver ₹50 | Crude Oil ₹50 ₹50 per lot
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IIFL Securities Charges Vs Choice Broking

Minimum Brokerage Charges ₹0.05 per share (₹25 Min)
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹50 per call ₹0 (Free)
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IIFL Securities Vs Choice Broking Transaction Charges

IIFL Securities transaction charges for options is ₹5100 per Cr (0.051%) (on premium) while Choice Broking exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  IIFL Securities 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 ₹5100 per Cr (0.051%) (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures ₹210 per Cr (0.0021%) NSE ₹90 per crore (0.0009%)
Currency Options ₹5100 per Cr (0.051%) (on premium) NSE ₹4000 per crore (0.04%)
Commodity Group A - ₹280 per Cr (0.0028%) Non-Agri ₹290 per Crore (0.0029%) | Agri ₹178 per Crore (0.00178%)
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IIFL Securities Vs Choice Broking Leverage (Margin)

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

  IIFL Securities Choice Broking
Equity Delivery Upto 3x (18% Annual Interest) 1x (no margin)
Equity Intraday Upto 20x Up to 20x
Equity Futures Upto 3x Up to 5x
Equity Options 3x for shorting 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures Upto 2x Up to 3x
Currency Options 2x for shorting 1x (no margin)
Commodity Futures Upto 3x Up to 5x
Commodity Options Upto 3x 1x (no margin)
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Compare IIFL Securities and Choice Broking Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Choice Broking offers Jiffy trading software.

  IIFL Securities 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 Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App Jiffy
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes
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IIFL Securities Vs Choice Broking Review

IIFL Securities is rated 2.7 of 5 based on 112 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  IIFL Securities Choice Broking
  112 Customer Reviews    Rate IIFL Securities 3 Customer Reviews    Rate Choice Broking
Fees 2.9 4.7
Trading Brokerage 2.6 4.3
Trading Platform Usability 3.3 4.7
Customer Service 2.8 4.3
Research Capabilities 3.6 5.0
Overall Ratings Rated 2.7 stars Rated 4.7 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 112 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
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IIFL Securities Vs Choice Broking Investment Options

  IIFL Securities Choice Broking
Stock / Equity Yes Yes
Commodity Yes 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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IIFL Securities Vs Choice Broking Order Type Offered

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

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

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

  IIFL Securities Choice Broking
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.
  • 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. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.
  • 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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