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

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
Exchnage Membership	NSE, BSE, MCX	BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation	1996	2010
Number of Branches	900	50
	Open IIFL Securities Account	Enquire Choice Broking

IIFL Securities Vs Choice Broking Charges & AMC

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

	IIFL Securities	Choice Broking
Trading Account Opening Charges	Rs 0 (Free)	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 250 (Free for 1st year)	Rs 200 or as per plan. (1st year AMC free)

IIFL Securities Vs Choice Broking Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

Account Type	IIFL Securities iServe	Choice Broking Standard Plan
Fixed Charges	NA
Equity Delivery	Rs 0 (Free)	0.20%
Equity Intraday	Rs 20 per order	0.02%
Equity Futures	Rs 20 per order	0.02%
Equity Options	Rs 20 per order	Rs 25 per lot
Currency Futures	Rs 20 per order	0.02%
Currency Options	Rs 20 per order	Rs 20 per lot
Commodity Futures	Rs 20 per order	0.02%
Commodity Options	Rs 20 per order	Rs 50 per lot
Special Offer	Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

IIFL Securities Charges Vs Choice Broking

Minimum Brokerage
Other Charges	Advisory SMS - Rs 50 per month
Call & Trade Charges	Rs 50 per call	Rs 0 (Free)

IIFL Securities Vs Choice Broking Transaction Charges

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

	IIFL Securities	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 210 per Cr (0.0021%)	NSE Rs 240 per crore (0.0024%)
Equity Options	Rs 5100 per Cr (0.051%) (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	Rs 210 per Cr (0.0021%)	NSE Rs 90 per crore (0.0009%)
Currency Options	Rs 5100 per Cr (0.051%) (on premium)	NSE Rs 4000 per crore (0.04%)
Commodity	Group A - Rs 280 per Cr (0.0028%)	Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
	Open IIFL Securities Account	Enquire Choice Broking

IIFL Securities Vs Choice Broking Leverage (Margin)

IIFL Securities 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.

	IIFL Securities	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)
	Open IIFL Securities Account	Enquire Choice Broking

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
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	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
	Open IIFL Securities Account	Enquire Choice Broking

IIFL Securities Vs Choice Broking Review

IIFL Securities is rated 2.7 of 5 based on 120 customer reviews whereas Choice Broking is rated 3.6 of 5 based on 9 customer reviews.

	IIFL Securities	Choice Broking
	120 Customer Reviews	9 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.7 of 5 based on 120 customer reviews	Choice Broking is rated 3.6 of 5 based on 9 customer reviews

Contact Broker / Request A Call Back

IIFL Securities Vs Choice Broking Investment Options

	IIFL Securities	Choice Broking
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance	Portfolio Management Services, Insurance

IIFL Securities Vs Choice Broking Order Type Offered

	IIFL 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)
	Open IIFL Securities Account	Enquire Choice Broking

IIFL Securities Vs Choice Broking Research Report

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

IIFL Securities Vs Choice Broking Suitable For Investor Type

	IIFL Securities	Choice Broking
Casual Investor
Active Investor
Trader

IIFL Securities Vs Choice Broking - Pros and Cons

	IIFL Securities	Choice Broking
Pros	Full-service broker offering quality research and recommendations. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. IIFL Securities 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		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 + Free Account Opening Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O + Trade with the best rated mobile trading app. This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.
	Open IIFL Securities Account	Enquire Choice Broking