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
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
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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)

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)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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
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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	3 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

IIFL Securities Vs Choice Broking Investment Options

	IIFL Securities	Choice Broking
Stock / Equity
Commodity
Currency
Initial Public Offers (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)
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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	4000+ branches in 900+ cities make them your neighborhood broker. Being a full service broker, they offer wide range of financial products and services. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund. 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	SMS alerts at additional ₹249 per month Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL. 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.
Promo / Offers	Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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