Karvy Vs Choice Broking (Compare Karvy and Choice Broking)

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


Karvy

Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

Need Help Moving to Another Broker?

Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof. Based in Hyderabad they are among one ... Know more about Karvy Stock Broking 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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Karvy Vs Choice Broking

Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 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.

  Karvy Choice Broking
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Account Type Retail Brokerage Plan Standard Plan
Year of Incorporation 1985 2010
Number of Branches 575 50
Broker Enquiry Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you.
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Karvy Vs Choice Broking Charges & AMC

Karvy trading account opening charges is Rs 650 while Choice Broking account opening changes is Rs 0 (Free). Karvy Demat Account AMC Charges is Rs 420 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  Karvy Choice Broking
Trading Account Opening Charges Rs 650 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 420 Rs 200 or as per plan. (1st year AMC free)
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Karvy Vs Choice Broking Brokerage Charges & Plans

Karvy Vs Choice Broking Brokerage

Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Karvy Choice Broking
Account Type Retail Brokerage Plan Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.3% 0.20%
Equity Intraday Brokerage 0.03% 0.02%
Equity Futures Brokerage 0.03% 0.02%
Equity Options Brokerage Rs 30 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.03% 0.02%
Currency Options Trading Brokerage Rs 30 per lot Rs 20 per lot
Commodity Futures Trading Brokerage 0.03% 0.02%
Commodity Options Trading Brokerage Rs 30 per lot Rs 50 per lot
Special Offer

Karvy Vs Choice Broking Brokerage Plan 2

  Karvy Choice Broking
Account Type Premium Subscription Plan of 100000 Standard Plan
Fixed Charges Rs 100,000 per year
Equity Delivery Brokerage 0.1% 0.20%
Equity Intraday Brokerage 0.01% 0.02%
Equity Futures Brokerage 0.01% 0.02%
Equity Options Brokerage Rs 10 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.01% 0.02%
Currency Options Trading Brokerage Rs 10 per lot Rs 20 per lot
Commodity Futures Trading Brokerage 0.01% 0.02%
Commodity Options Trading Brokerage Rs 10 per lot Rs 50 per lot

Karvy Charges Vs Choice Broking

Minimum Brokerage Charges Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges Rs 0 (Free)
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Karvy Vs Choice Broking Transaction Charges

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

  Karvy Choice Broking
Equity Delivery Rs 325 NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday Rs 325 NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures Rs 230 NSE Rs 240 per crore (0.0024%)
Equity Options Rs 5500 NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 325 NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 4000 per crore (0.04%)
Commodity Rs 300 Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Karvy Vs Choice Broking Leverage (Margin)

Karvy provides the margin of Upto 20x for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.

  Karvy Choice Broking
Equity Delivery Upto 5x with 24% interest per year 1x (no margin)
Equity Intraday Upto 20x Up to 20x
Equity Futures Upto 4x Up to 5x
Equity Options Upto 4x for shorting 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures Nil Up to 3x
Currency Options Nil 1x (no margin)
Commodity Futures Upto 4x Up to 5x
Commodity Options 1x (no margin)
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Compare Karvy and Choice Broking Features

The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. Choice Broking offers Jiffy trading software.

  Karvy Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes 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 NEST, Karvy Web, Trade Mobile Jiffy
Intraday Square-off Time 3:15 3:15 PM
Other Features Ask the expert, The Finapolis
Referral Program Yes
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Karvy Vs Choice Broking Review

Karvy is rated 2.0 of 5 based on 24 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  Karvy Choice Broking
  24 Customer Reviews    Rate Karvy 3 Customer Reviews    Rate Choice Broking
Fees 2.6 4.7
Trading Brokerage 2.4 4.3
Trading Platform Usability 2.7 4.7
Customer Service 2.2 4.3
Research Capabilities 5.0
Overall Ratings Rated 2.0 stars Rated 4.7 stars
Broker Rating Karvy is rated 2.0 of 5 based on 24 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

  Karvy Enquire Choice Broking Enquire
Contact Broker

Leave your contact information and we will get in touch with you....

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Karvy Vs Choice Broking Investment Options

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

  Karvy 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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Karvy Vs Choice Broking Research Report

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

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

  Karvy Choice Broking
Pros
  1. Pay Rs 1200 one time and get life time free AMC demat account
  2. Offers investment in IPO and Mutual funds
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
  • 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
  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
  • 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.

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