Religare Vs Choice Broking (Compare Religare and 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... Know more about Religare


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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Religare Vs Choice Broking

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
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 1994 2010
Number of Branches 1500 50
Open an Online Trading Account with Religare.Open an Online Trading Account with Choice Broking.
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Religare Vs Choice Broking Charges & AMC

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
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)
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Religare Vs Choice Broking Brokerage Charges & Plans

Religare Vs Choice Broking Brokerage

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
Account Type My Saver Online Plan Standard Plan
Fixed Charges
Equity Delivery 0.50% to 0.10% 0.20%
Equity Intraday 0.050% to 0.010% 0.02%
Equity Futures 0.05% 0.02%
Equity Options Rs 70 per lot Rs 25 per lot
Currency Futures 0.05% 0.02%
Currency Options Rs 30 per lot Rs 20 per lot
Commodity Futures 0.05% 0.02%
Commodity Options Rs 30 per lot Rs 50 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Charges Vs Choice Broking

Minimum Brokerage 1p per share
Other Charges
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 0 (Free)
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Religare Vs Choice Broking Transaction Charges

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
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%)
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Religare Vs Choice Broking Leverage (Margin)

Religare 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.

  Religare 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)
Enquire ReligareEnquire Choice Broking
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Compare Religare and Choice Broking Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Choice Broking offers Jiffy trading software.

  Religare 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
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, Web, Dynami Jiffy
Intraday Square-off Time 3:15 PM
Other Features Mutual Fund, EMI Calculator
Referral Program Yes
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Religare Vs Choice Broking Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Religare Choice Broking
  77 Customer Reviews    Rate Religare 7 Customer Reviews    Rate Choice Broking
Fees 3.2 4.4
Brokerage 3.1 4.1
Trading Platform 3.0 4.4
Customer Service 2.9 4.0
Research Capabilities 3.2 4.2
Overall Ratings Rated 2.9 stars Rated 4.1 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 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

  Religare Enquire Choice Broking Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
Leave your contact information and we will get in touch with you....
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Religare Vs Choice Broking Investment Options

  Religare 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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Religare Vs Choice Broking Order Type Offered

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

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

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

  Religare Choice Broking
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • 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
  • EXE Based trading terminal are available for Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).
  • 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

Free Trading + Demat Account

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.

Enquire ReligareEnquire Choice Broking

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