Indiabulls Vs Choice Broking (Compare Indiabulls and Choice Broking)

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


Indiabulls
Indiabulls Shubh is a discount stock broker offering ultra-low brokerage plans. Indiabulls is among the best stock broker in India with offering including unlimited trading plans, free trading platforms, free call & trade, free research and zero interest margin funding. Indiabulls Shubh is an offering of Indiabulls Ventures Ltd, one of the oldest stock brokers in India serving customers since the year 2000. Indiabulls Ventures serves over 7 lakh customers with a dedicated sales team of more... Know more about Indiabulls Ventures Limited


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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Indiabulls Vs Choice Broking

Incorporated in 2000, Indiabulls is a Full Service Broker. It offers trading at BSE, NSE and MCX. It has 18 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.

  Indiabulls Choice Broking
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE and MCX BSE, NSE, MCX, NCDEX, ICDEX
Account Type Equity Unlimited Trade Standard Plan
Year of Incorporation 2000 2010
Number of Branches 18 50
Broker Enquiry Open an Online Trading Account with Indiabulls. 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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Indiabulls Vs Choice Broking Charges & AMC

Indiabulls trading account opening charges is Rs 500 while Choice Broking account opening changes is Rs 0 (Free). Indiabulls Demat Account AMC Charges is Rs 450 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  Indiabulls Choice Broking
Trading Account Opening Charges Rs 500 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 450 Rs 200 or as per plan. (1st year AMC free)
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Indiabulls Vs Choice Broking Brokerage Charges & Plans

Indiabulls Vs Choice Broking Brokerage

Indiabulls brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free) whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Indiabulls Choice Broking
Account Type Equity Unlimited Trade Standard Plan
Fixed Charges Rs 1000
Equity Delivery Brokerage Rs 0 (Free) 0.20%
Equity Intraday Brokerage Rs 0 (Free) 0.02%
Equity Futures Brokerage Rs 15 per trade 0.02%
Equity Options Brokerage Rs 15 per trade Rs 25 per lot
Currency Futures Trading Brokerage Rs 15 per trade 0.02%
Currency Options Trading Brokerage Rs 15 per trade Rs 20 per lot
Commodity Futures Trading Brokerage 0.03% 0.02%
Commodity Options Trading Brokerage 0.03% Rs 50 per lot
Special Offer
Special Offer: FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer

Indiabulls Vs Choice Broking Brokerage Plan 2

  Indiabulls Choice Broking
Account Type F&O Unlimited Trade Standard Plan
Fixed Charges Rs 1000
Equity Delivery Brokerage Rs 15 per trade 0.20%
Equity Intraday Brokerage Rs 15 per trade 0.02%
Equity Futures Brokerage Rs 0 (Free) 0.02%
Equity Options Brokerage Rs 0 (Free) Rs 25 per lot
Currency Futures Trading Brokerage Rs 0 (Free) 0.02%
Currency Options Trading Brokerage Rs 0 (Free) Rs 20 per lot
Commodity Futures Trading Brokerage 0.03% 0.02%
Commodity Options Trading Brokerage 0.03% Rs 50 per lot
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Indiabulls Vs Choice Broking Brokerage Plan 3

  Indiabulls Choice Broking
Account Type Base Plan Standard Plan
Fixed Charges NA
Equity Delivery Brokerage Rs 0 (Free) 0.20%
Equity Intraday Brokerage Rs 15 per executed order 0.02%
Equity Futures Brokerage Rs 15 per executed order 0.02%
Equity Options Brokerage Rs 15 per executed order Rs 25 per lot
Currency Futures Trading Brokerage Rs 15 per executed order 0.02%
Currency Options Trading Brokerage Rs 15 per executed order Rs 20 per lot
Commodity Futures Trading Brokerage 0.03% 0.02%
Commodity Options Trading Brokerage 0.03% Rs 50 per lot
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Indiabulls Charges Vs Choice Broking

Minimum Brokerage Charges Rs 0 (Unlimited Plan), Rs 15 (Per Trade Plan)
Other Brokerage Charges
Call & Trade Charges Rs 0 (Free) Rs 0 (Free)
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Indiabulls Vs Choice Broking Transaction Charges

Indiabulls transaction charges for options is Rs 5500 per crore (on premium) (0.055%) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Indiabulls Choice Broking
Equity Delivery Rs 325 per crore (0.00325%) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday Rs 325 per crore (0.00325%) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures Rs 250 per crore (0.0025%) NSE Rs 240 per crore (0.0024%)
Equity Options Rs 5500 per crore (on premium) (0.055%) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 250 per crore (0.0025%) NSE Rs 90 per crore (0.0009%)
Currency Options Rs 5500 per crore (on premium) (0.055%) NSE Rs 4000 per crore (0.04%)
Commodity Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Indiabulls Vs Choice Broking Leverage (Margin)

Indiabulls provides the margin of Up to 5x (based on the stock) for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.

  Indiabulls Choice Broking
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 5x (based on the stock) Up to 20x
Equity Futures Intra-day: 4x | Carry forward: 1x (no margin) Up to 5x
Equity Options Intra-day: 4x | Carry forward: 1x 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures Intra-day: 2x | Carry forward: 1x Up to 3x
Currency Options Intra-day: 2x | Carry forward: 1x 1x (no margin)
Commodity Futures NA Up to 5x
Commodity Options NA 1x (no margin)
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Compare Indiabulls and Choice Broking Features

The trading platforms offered Indiabulls include SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB). Choice Broking offers Jiffy trading software.

  Indiabulls 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) Yes Yes
Trading Platform SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB) Jiffy
Intraday Square-off Time 3:15 PM
Other Features Live News, World market summary
Referral Program Yes
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Indiabulls Vs Choice Broking Review

Indiabulls is rated 3.2 of 5 based on 50 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  Indiabulls Choice Broking
  50 Customer Reviews    Rate Indiabulls 3 Customer Reviews    Rate Choice Broking
Fees 3.4 4.7
Trading Brokerage 3.1 4.3
Trading Platform Usability 3.7 4.7
Customer Service 3.0 4.3
Research Capabilities 2.4 5.0
Overall Ratings Rated 3.2 stars Rated 4.7 stars
Broker Rating Indiabulls is rated 3.2 of 5 based on 50 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Indiabulls Enquire Choice Broking Enquire
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FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer

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Indiabulls Vs Choice Broking Investment Options

  Indiabulls Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds No Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Portfolio Management Services, Insurance
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Indiabulls Vs Choice Broking Order Type Offered

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

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

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

  Indiabulls Choice Broking
Pros
  • Brokerages free equity delivery trading. Truly no brokerage charges for cash & carry trades.
  • Interest-free Margin Funding in Unlimited Trading plan.
  • Margin funding is available at a low cost of 12% per annum in Rs 15/trade plan.
  • Free trading software.
  • Free research reports and trading tips to all the customers.
  • Years of experience, trust and good track record in stock broker business.
  • 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
  • Online IPO and Mutual Fund investment are not available in Indiabulls Shubh App.
  • Local branch support is not available to online customers.
  • Advance order types i.e. Bracket Order, Cover Order are not available in monthly unlimited trading plans.
  • Margin against share is not available in Unlimited Trading Plans.
  • 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

Limited Time Offer - FREE Unlimited Trading for 1st Month (Rs 1000 waived)

Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at Rs 1000/month or Trade at flat Rs 15 per executed order.

Get this limited time offer
Enquire IndiabullsEnquire Choice Broking

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