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

The side-by-side comparison of SBI Securities and Choice Broking. Compare SBI Securities Vs Choice Broking brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best SBI Securities vs Choice Broking?


SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP Securities Ltd


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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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
Supported Exchnages BSE, NSE BSE, NSE, MCX, NCDEX, ICDEX
Account Type eZ-trade Standard Plan
Year of Incorporation 2001 2010
Number of Branches 117 50
Broker Enquiry Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you.
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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)
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SBI Securities Vs Choice Broking Brokerage Charges & Plans

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 Brokerage 0.50% 0.20%
Equity Intraday Brokerage 0.05% 0.02%
Equity Futures Brokerage 0.05% 0.02%
Equity Options Brokerage Rs 100 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.03% 0.02%
Currency Options Trading Brokerage Rs 30 per lot Rs 20 per lot
Commodity Futures Trading Brokerage NA 0.02%
Commodity Options Trading Brokerage NA Rs 50 per lot
Special Offer

SBI Securities Charges Vs Choice Broking

Minimum Brokerage Charges Rs 0.05 for Cash, Rs 0.01 Future
Other Brokerage Charges
Call & Trade Charges Rs 10 per call (after 30 free calls a month) Rs 0 (Free)
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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 provides the margin of Upto 5x for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.

  SBI Securities Choice Broking
Equity Delivery 2x with Intrest 1x (no margin)
Equity Intraday Upto 5x Up to 20x
Equity Futures Nil Up to 5x
Equity Options Nil 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures Nil Up to 3x
Currency Options Nil 1x (no margin)
Commodity Futures NA Up to 5x
Commodity Options 1x (no margin)
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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 Yes No
Charting No Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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 Yes
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SBI Securities Vs Choice Broking Review

SBI Securities is rated 2.6 of 5 based on 140 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  SBI Securities Choice Broking
  140 Customer Reviews    Rate SBI Securities 3 Customer Reviews    Rate Choice Broking
Fees 3.2 4.7
Trading Brokerage 2.8 4.3
Trading Platform Usability 2.6 4.7
Customer Service 2.8 4.3
Research Capabilities 2.3 5.0
Overall Ratings Rated 2.6 stars Rated 4.7 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 140 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

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SBI Securities Vs Choice Broking Investment Options

  SBI Securities Choice Broking
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (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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SBI Securities Vs Choice Broking Order Type Offered

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

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

  SBI Securities Choice Broking
Casual Investor Yes Yes
Active Investor Yes
Trader
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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.

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