Nirmal Bang Vs Choice Broking (Compare Nirmal Bang and Choice Broking)


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt 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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Nirmal Bang Vs Choice Broking

Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 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.

  Nirmal Bang Choice Broking
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 1986 2010
Number of Branches 2000 50
Open an Online Trading Account with Nirmal Bang.Open an Online Trading Account with Choice Broking.
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Nirmal Bang Vs Choice Broking Charges & AMC

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

  Nirmal Bang Choice Broking
Trading Account Opening Charges Rs 0 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 200 Rs 200 or as per plan. (1st year AMC free)
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Nirmal Bang Vs Choice Broking Brokerage Charges & Plans

Nirmal Bang Vs Choice Broking Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Nirmal Bang Choice Broking
Account Type Basic Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.2% 0.20%
Equity Intraday 0.02% 0.02%
Equity Futures 0.02% 0.02%
Equity Options Rs 35 Rs 25 per lot
Currency Futures 0.02% 0.02%
Currency Options Rs 20 Rs 20 per lot
Commodity Futures 0.01% 0.02%
Commodity Options Rs 50 per lot
Special Offer

Nirmal Bang Charges Vs Choice Broking

Minimum Brokerage
Other Charges
Call & Trade Charges Rs 0 (Free)
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Nirmal Bang Vs Choice Broking Transaction Charges

Nirmal Bang transaction charges for options is Rs 5700 while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Nirmal Bang Choice Broking
Equity Delivery Rs 390 NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday Rs 390 NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures Rs 240 NSE Rs 240 per crore (0.0024%)
Equity Options Rs 5700 NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 240 NSE Rs 90 per crore (0.0009%)
Currency Options Rs 5700 NSE Rs 4000 per crore (0.04%)
Commodity Rs 250 Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Nirmal Bang Vs Choice Broking Leverage (Margin)

Nirmal Bang 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.

  Nirmal Bang 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 Nirmal Bang and Choice Broking Features

The trading platforms offered Nirmal Bang include Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App. Choice Broking offers Jiffy trading software.

  Nirmal Bang 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 Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App Jiffy
Intraday Square-off Time 3:15 3:15 PM
Other Features
Referral Program Yes
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Nirmal Bang Vs Choice Broking Review

Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Nirmal Bang Choice Broking
  19 Customer Reviews    Rate Nirmal Bang 7 Customer Reviews    Rate Choice Broking
Fees 3.6 4.4
Brokerage 3.5 4.1
Trading Platform 2.6 4.4
Customer Service 2.3 4.0
Research Capabilities 3.0 4.2
Overall Ratings Rated 2.6 stars Rated 4.1 stars
Broker Rating Nirmal Bang is rated 2.6 of 5 based on 19 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

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Nirmal Bang Vs Choice Broking Investment Options

  Nirmal Bang 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 Portfolio Management Services, Insurance
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Nirmal Bang Vs Choice Broking Order Type Offered

  Nirmal Bang 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) Yes Yes
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Nirmal Bang Vs Choice Broking Research Report

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

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

  Nirmal Bang Choice Broking
Pros
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
  • 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. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the 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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