Religare Vs Choice Broking (Compare Religare and Choice Broking)

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
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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)

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)

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)
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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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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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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	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

Religare Vs Choice Broking Investment Options

	Religare	Choice Broking
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Portfolio Management Services, Insurance

Religare Vs Choice Broking Order Type Offered

	Religare	Choice Broking
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Religare Vs Choice Broking Research Report

	Religare	Choice Broking
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Religare Vs Choice Broking Suitable For Investor Type

	Religare	Choice Broking
Casual Investor
Active Investor
Trader

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	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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