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


IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider 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 products as Stocks, Derivatives, Commodities, Insurance, FD... 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
Exchnage Membership NSE, BSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
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 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)
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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 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%.

  IIFL Securities Choice Broking
Account Type iServe 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)
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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%)
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IIFL Securities Vs Choice Broking Leverage (Margin)

IIFL 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.

  IIFL 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 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 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 118 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  IIFL Securities Choice Broking
  118 Customer Reviews    Rate IIFL Securities 7 Customer Reviews    Rate Choice Broking
Fees 2.8 4.4
Brokerage 2.6 4.1
Trading Platform 3.2 4.4
Customer Service 2.7 4.0
Research Capabilities 3.3 4.2
Overall Ratings Rated 2.7 stars Rated 4.1 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 118 customer reviews Choice Broking is rated 4.1 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Choice Broking Enquire
Contact Broker 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. Leave your contact information and we will get in touch with you....
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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
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 Yes
Trader Yes
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IIFL Securities Vs Choice Broking - Pros and Cons

  IIFL Securities Choice Broking
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. 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.

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