SBI Securities Vs Choice Broking (Compare SBI Securities and Choice Broking)

SBI Securities Vs Choice Broking

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 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.

	SBI Securities	Choice Broking
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation	2001	2010
Number of Branches	117	50
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SBI Securities Vs Choice Broking Charges & AMC

SBI Securities trading account opening charges is Rs 850 while Choice Broking account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 350 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

	SBI Securities	Choice Broking
Trading Account Opening Charges	Rs 850	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 350	Rs 200 or as per plan. (1st year AMC free)

SBI Securities Vs Choice Broking Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

	SBI Securities	Choice Broking
Account Type	eZ-trade	Standard Plan
Fixed Charges
Equity Delivery	0.50%	0.20%
Equity Intraday	0.05%	0.02%
Equity Futures	0.05%	0.02%
Equity Options	Rs 100 per lot	Rs 25 per lot
Currency Futures	0.03%	0.02%
Currency Options	Rs 30 per lot	Rs 20 per lot
Commodity Futures	NA	0.02%
Commodity Options	NA	Rs 50 per lot
Special Offer

SBI Securities Charges Vs Choice Broking

Minimum Brokerage	Rs 0.05 for Cash, Rs 0.01 Future
Other Charges
Call & Trade Charges	Rs 10 per call (after 30 free calls a month)	Rs 0 (Free)

SBI Securities Vs Choice Broking Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	SBI Securities	Choice Broking
Equity Delivery	NSE: 0.00386% | BSE: 0.00384%	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday	NSE: 0.00386% | BSE: 0.00384%	NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures	NSE: 0.002206% (Rs 221/Crore)	NSE Rs 240 per crore (0.0024%)
Equity Options	NSE: 0.05515% (Rs 5515/Crore)	NSE Rs 5000 per crore (0.05%)
Currency Futures	0.002206%	NSE Rs 90 per crore (0.0009%)
Currency Options	NSE: 0.05515% (Rs 5515/Crore)	NSE Rs 4000 per crore (0.04%)
Commodity		Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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SBI Securities Vs Choice Broking Leverage (Margin)

SBI Securities 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.

	SBI Securities	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 SBI Securities and Choice Broking Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. Choice Broking offers Jiffy trading software.

	SBI Securities	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	SBI Smart Express, SBI Smart Web, SBI Smart Mobile	Jiffy
Intraday Square-off Time	2:45 PM	3:15 PM
Other Features
Referral Program
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SBI Securities Vs Choice Broking Review

SBI Securities is rated 2.6 of 5 based on 145 customer reviews whereas Choice Broking is rated 4.0 of 5 based on 6 customer reviews.

	SBI Securities	Choice Broking
	145 Customer Reviews	6 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	SBI Securities is rated 2.6 of 5 based on 145 customer reviews	Choice Broking is rated 4.0 of 5 based on 6 customer reviews

SBI Securities Vs Choice Broking Investment Options

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

SBI Securities Vs Choice Broking Order Type Offered

	SBI Securities	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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SBI Securities Vs Choice Broking Research Report

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

SBI Securities Vs Choice Broking Suitable For Investor Type

	SBI Securities	Choice Broking
Casual Investor
Active Investor
Trader

SBI Securities Vs Choice Broking - Pros and Cons

	SBI Securities	Choice Broking
Pros	Offer 3-in-1 account for seamless transactions. Full-service broker offering services online as well as through branches. Wide range of investment options. Free research reports are available.	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	Installable Trading Terminal (exe) is not available for frequent traders. Good Till Cancelled (GTC) orders are not available. Very high brokerage. Commodity (MCX) trading 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		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
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