iTradeOnline Vs Choice Broking (Compare iTradeOnline and Choice Broking)


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline


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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iTradeOnline Vs Choice Broking

Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 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.

  iTradeOnline Choice Broking
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 2010
Number of Branches 50
Open an Online Trading Account with iTradeOnline.Open an Online Trading Account with Choice Broking.
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iTradeOnline Vs Choice Broking Charges & AMC

iTradeOnline trading account opening charges is Rs 0 (Free) while Choice Broking account opening changes is Rs 0 (Free). iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  iTradeOnline Choice Broking
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Regular: Rs 0, Lifetime Free AMC: Rs 1000 Rs 0 (Free)
Demat Account AMC Charges Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 Rs 200 or as per plan. (1st year AMC free)
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iTradeOnline Vs Choice Broking Brokerage Charges & Plans

iTradeOnline Vs Choice Broking Brokerage

iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  iTradeOnline Choice Broking
Account Type Pay Per Trade Standard Plan
Fixed Charges Rs 0
Equity Delivery Rs 20 per executed order or .01% whichever is lower 0.20%
Equity Intraday Rs 20 per executed order or .01% whichever is lower 0.02%
Equity Futures Rs 20 per executed order or .01% whichever is lower 0.02%
Equity Options Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Currency Futures Rs 20 per executed order or .01% whichever is lower 0.02%
Currency Options Rs 20 per executed order or .01% whichever is lower Rs 20 per lot
Commodity Futures Rs 20 per executed order or .01% whichever is lower 0.02%
Commodity Options Rs 50 per lot
Special Offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

iTradeOnline Charges Vs Choice Broking

Minimum Brokerage Rs 0 (No Minimum Brokerage)
Other Charges Physical contact notes: Rs 20
Call & Trade Charges Rs 0 (Free) Rs 0 (Free)
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iTradeOnline Vs Choice Broking Transaction Charges

iTradeOnline transaction charges for options is NSE Rs 5000 per crore (0.05%) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  iTradeOnline Choice Broking
Equity Delivery NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 190 per crore (0.0019%) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 5000 per crore (0.05%) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500 NSE Rs 4000 per crore (0.04%)
Commodity MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%) Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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iTradeOnline Vs Choice Broking Leverage (Margin)

iTradeOnline 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.

  iTradeOnline 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 iTradeOnline and Choice Broking Features

The trading platforms offered iTradeOnline include Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.. Choice Broking offers Jiffy trading software.

  iTradeOnline 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
Margin Against Shares (Equity F&O) Yes
Trading Platform Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. Jiffy
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM 3:15 PM
Other Features
Referral Program Yes
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iTradeOnline Vs Choice Broking Review

iTradeOnline is rated 4.0 of 5 based on 7 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  iTradeOnline Choice Broking
  7 Customer Reviews    Rate iTradeOnline 7 Customer Reviews    Rate Choice Broking
Fees 3.9 4.4
Brokerage 4.1 4.1
Trading Platform 3.9 4.4
Customer Service 3.7 4.0
Research Capabilities 1.0 4.2
Overall Ratings Rated 4.0 stars Rated 4.1 stars
Broker Rating iTradeOnline is rated 4.0 of 5 based on 7 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

  iTradeOnline Enquire Choice Broking Enquire
Contact Broker Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
Leave your contact information and we will get in touch with you....
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iTradeOnline Vs Choice Broking Investment Options

  iTradeOnline Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt Yes No
Other Investment Options Insurance, Wealth Management Portfolio Management Services, Insurance
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iTradeOnline Vs Choice Broking Order Type Offered

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

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

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

  iTradeOnline Choice Broking
Pros
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
  • 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
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
  • 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

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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