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...
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...
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 | |
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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 |
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Enquire IIFL Securities | Enquire Choice Broking |
IIFL Securities trading account opening charges is Rs 250 (Currently waived off) while Choice Broking account opening changes is Rs 0 (Free). IIFL Securities Demat Account AMC Charges is Rs 250 (Free for first year) and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).
IIFL Securities | Choice Broking | |
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Trading Account Opening Charges | Rs 250 (Currently waived off) | 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 first year) | Rs 200 or as per plan. (1st year AMC free) |
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 | |
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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 | Rs 25 per lot | Rs 25 per lot |
Currency Futures Trading Brokerage | 0.025% or Rs 20 per lot | 0.02% |
Currency Options Trading Brokerage | Rs 8 per lot | Rs 20 per lot |
Commodity Futures Trading Brokerage | 0.025% | 0.02% |
Commodity Options Trading Brokerage | Gold Rs 125 | Silver Rs 80 | Crude Oil Rs 80 | Rs 50 per lot |
Special Offer | Special Offer: Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer |
IIFL Securities | Choice Broking | |
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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 | Rs 50 per lot | Rs 25 per lot |
Currency Futures Trading Brokerage | 0.05% or Rs 20 per lot | 0.02% |
Currency Options Trading Brokerage | Rs 10 per lot | Rs 20 per lot |
Commodity Futures Trading Brokerage | 0.05% | 0.02% |
Commodity Options Trading Brokerage | Gold Rs 150 | Silver Rs 100 | Crude Oil Rs 100 | Rs 50 per lot |
Enquire IIFL Securities | Enquire Choice Broking |
IIFL Securities | Choice Broking | |
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Account Type | Super Trader Plan (Pro Traders) | Standard Plan |
Fixed Charges | Rs 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 Rs 10 per lot | Rs 25 per lot |
Currency Futures Trading Brokerage | 0.015% or Rs 15 per lot | 0.02% |
Currency Options Trading Brokerage | flat Rs 5 per lot | Rs 20 per lot |
Commodity Futures Trading Brokerage | 0.015% | 0.02% |
Commodity Options Trading Brokerage | Gold Rs 80 | Silver Rs 50 | Crude Oil Rs 50 | Rs 50 per lot |
Enquire IIFL Securities | Enquire Choice Broking |
Minimum Brokerage Charges | Rs 0.05 per share (Rs 25 Min) | |
Other Brokerage Charges | Advisory SMS - Rs 50 per month | |
Call & Trade Charges | Rs 50 per call | Rs 0 (Free) |
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 | |
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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%) |
Enquire IIFL Securities | Enquire Choice Broking |
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 | |
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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) |
Enquire IIFL Securities | Enquire Choice Broking |
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 | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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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Enquire IIFL Securities | Enquire Choice Broking |
IIFL Securities is rated 2.7 of 5 based on 112 customer reviews whereas Choice Broking is rated 4.8 of 5 based on 4 customer reviews.
IIFL Securities | Choice Broking | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire IIFL Securities | Enquire Choice Broking |
IIFL Securities | Choice Broking | |
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Cons |
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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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Promo / Offers | Open IIFL Demat & Trading Account & Save upto Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer | |
Enquire IIFL Securities | Enquire Choice Broking |
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