The side-by-side comparison of Religare and Choice Broking. Compare Religare Vs Choice Broking brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Religare vs Choice Broking?
Religare
Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services.
Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group.
Religare Securities offers retail broking, depository services and other related investme...
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 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 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.
Religare | Choice Broking | |
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Type of Broker | Full Service Broker | Full Service Broker |
Supported Exchnages | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX, ICDEX |
Account Type | My Saver Online Plan | Standard Plan |
Year of Incorporation | 1994 | 2010 |
Number of Branches | 1500 | 50 |
Broker Enquiry |
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Enquire Religare | Enquire Choice Broking |
Religare trading account opening charges is Rs 500 while Choice Broking account opening changes is Rs 0 (Free). Religare Demat Account AMC Charges is Rs 400 from second year onward and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).
Religare | Choice Broking | |
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Trading Account Opening Charges | Rs 500 | Rs 0 (Free) |
Trading Account AMC Charges | Nil | Rs 0 (Free) |
Demat Account Opening Charges | Nil | Rs 0 (Free) |
Demat Account AMC Charges | Rs 400 from second year onward | Rs 200 or as per plan. (1st year AMC free) |
Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.
Religare | Choice Broking | |
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Account Type | My Saver Online Plan | Standard Plan |
Fixed Charges | ||
Equity Delivery Brokerage | 0.50% to 0.10% | 0.20% |
Equity Intraday Brokerage | 0.050% to 0.010% | 0.02% |
Equity Futures Brokerage | 0.05% | 0.02% |
Equity Options Brokerage | Rs 70 per lot | Rs 25 per lot |
Currency Futures Trading Brokerage | 0.05% | 0.02% |
Currency Options Trading Brokerage | Rs 30 per lot | Rs 20 per lot |
Commodity Futures Trading Brokerage | 0.05% | 0.02% |
Commodity Options Trading Brokerage | Rs 30 per lot | Rs 50 per lot |
Special Offer | Special Offer: Get Free Trading + Demat Account for limited time. Get the offer |
Minimum Brokerage Charges | 1p per share | |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 10 per executed order (max Rs 50 per day) | Rs 0 (Free) |
Religare transaction charges for options is 0.06% on Premium while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
Religare | Choice Broking | |
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Equity Delivery | 0.0037% | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
Equity Intraday | 0.0037% | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
Equity Futures | 0.004% | NSE Rs 240 per crore (0.0024%) |
Equity Options | 0.06% on Premium | NSE Rs 5000 per crore (0.05%) |
Currency Futures | 0.004% | NSE Rs 90 per crore (0.0009%) |
Currency Options | 0.06% on Premium | NSE Rs 4000 per crore (0.04%) |
Commodity | 0.0035% | Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) |
Enquire Religare | Enquire Choice Broking |
Religare provides the margin of Upto 10x for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.
Religare | Choice Broking | |
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Equity Delivery | Upto 4x with 24% interest per year | 1x (no margin) |
Equity Intraday | Upto 10x | Up to 20x |
Equity Futures | Upto 3x | Up to 5x |
Equity Options | Upto 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 | 1x (no margin) | |
Enquire Religare | Enquire Choice Broking |
The trading platforms offered Religare include Odin Diet, Web, Dynami. Choice Broking offers Jiffy trading software.
Religare | 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 | Odin Diet, Web, Dynami | Jiffy |
Intraday Square-off Time | 3:15 PM | |
Other Features | Mutual Fund, EMI Calculator | |
Referral Program | ![]() |
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Enquire Religare | Enquire Choice Broking |
Religare is rated 2.9 of 5 based on 76 customer reviews whereas Choice Broking is rated 4.8 of 5 based on 4 customer reviews.
Religare | 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 Religare | Enquire Choice Broking |
Religare | Choice Broking | |
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Pros |
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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 |
Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year. This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you. |
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Enquire Religare | Enquire Choice Broking |
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