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RMoney Vs Choice Broking (Compare RMoney and Choice Broking)

Raghunandan Capital Pvt Ltd Logo

About RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

Choice Equity Broking Private Limited Logo

About 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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RMoney Vs Choice Broking

Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 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.

  RMoney Choice Broking
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 2010
Number of Branches 50
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RMoney Vs Choice Broking Charges & AMC

RMoney trading account opening charges is Rs 199 while Choice Broking account opening changes is Rs 0 (Free). RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free) and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  RMoney Choice Broking
Trading Account Opening Charges Rs 199 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 0 for lifetime (Free) Rs 200 or as per plan. (1st year AMC free)

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RMoney Vs Choice Broking Brokerage

RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

Account Type RMoney Zero Brokerage Plans Choice Broking Standard Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) 0.20%
Equity Intraday Rs 18 per executed order or .01% whichever is lower 0.02%
Equity Futures Rs 18 per executed order or .01% whichever is lower 0.02%
Equity Options Rs 18 per executed order or .01% whichever is lower Rs 25 per lot
Currency Futures Rs 18 per executed order or .01% whichever is lower 0.02%
Currency Options Rs 18 per executed order or .01% whichever is lower Rs 20 per lot
Commodity Futures Rs 18 per executed order or .01% whichever is lower 0.02%
Commodity Options Rs 50 per lot
Special Offer
Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

RMoney Vs Choice Broking Brokerage Plan 2

  RMoney Choice Broking
Account Type Happy Service Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.10% to 0.40% 0.20%
Equity Intraday 0.01% to 0.04% 0.02%
Equity Futures 0.005% to 0.02% 0.02%
Equity Options Rs 20 to Rs 80 per lot Rs 25 per lot
Currency Futures 0.005% to 0.02% 0.02%
Currency Options 0.005% to 0.02% Rs 20 per lot
Commodity Futures 0.005% to 0.02% 0.02%
Commodity Options Rs 50 per lot
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RMoney Charges Vs Choice Broking

Minimum Brokerage Rs 0
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 0 (Unlimited Calls) Rs 0 (Free)

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RMoney Vs Choice Broking Transaction Charges

RMoney transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  RMoney Choice Broking
Equity Delivery NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275% NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE, BSE - Rs 150 per crore (0.0015%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE, BSE - Rs 7500 (on premium) per crore (0.075%) NSE Rs 4000 per crore (0.04%)
Commodity MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%) Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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RMoney Vs Choice Broking Leverage (Margin)

RMoney margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Choice Broking margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  RMoney Choice Broking
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare RMoney and Choice Broking Features

The trading platforms offered RMoney include RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications). Choice Broking offers Jiffy trading software.

  RMoney 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 No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) Jiffy
Intraday Square-off Time Equity 3:15 PM 3:15 PM
Other Features
Referral Program Yes
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RMoney Vs Choice Broking Review

RMoney is rated 3.8 of 5 based on 4 customer reviews whereas Choice Broking is rated 3.6 of 5 based on 9 customer reviews.

  RMoney Choice Broking
  4 Customer Reviews    Rate RMoney 9 Customer Reviews    Rate Choice Broking
Fees 4.8 4.2
Brokerage 4.5 3.6
Trading Platform 4.0 3.8
Customer Service 4.0 3.6
Research Capabilities 3.0 3.6
Overall Ratings Rated 3.8 stars Rated 3.6 stars
Broker Rating RMoney is rated 3.8 of 5 based on 4 customer reviews Choice Broking is rated 3.6 of 5 based on 9 customer reviews

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Contact Broker / Request A Call Back

  RMoney Enquire Choice Broking Enquire
Contact Broker RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer
Leave your contact information and we will get in touch with you....

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RMoney Vs Choice Broking Investment Options

  RMoney 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 Corporate FD, Life Instance, General Insurance Portfolio Management Services, Insurance

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RMoney Vs Choice Broking Order Type Offered

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

  RMoney Choice Broking
Daily Market Report Yes Yes
Free Tips No Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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RMoney Vs Choice Broking Suitable For Investor Type

  RMoney Choice Broking
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes

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RMoney Vs Choice Broking - Pros and Cons

  RMoney Choice Broking
Pros
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
  • 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. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
  • 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 Useful Articles:

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

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

Enquire RMoneyEnquire Choice Broking

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