Sharekhan Vs Choice Broking (Compare Sharekhan and Choice Broking)


Sharekhan
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa... Know more about Sharekhan


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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Sharekhan Vs Choice Broking

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 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.

  Sharekhan Choice Broking
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 2000 2010
Number of Branches 2800 50
Open an Online Trading Account with Sharekhan.Open an Online Trading Account with Choice Broking.
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Sharekhan Vs Choice Broking Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Choice Broking account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  Sharekhan Choice Broking
Trading Account Opening Charges Rs 0 (Free) 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 400 (Free for 1st year) Rs 200 or as per plan. (1st year AMC free)
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Sharekhan Vs Choice Broking Brokerage Charges & Plans

Sharekhan Vs Choice Broking Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Sharekhan Choice Broking
Account Type Classic Account Standard Plan
Fixed Charges
Equity Delivery 0.50% 0.20%
Equity Intraday 0.10% 0.02%
Equity Futures 0.10% 0.02%
Equity Options Rs 50 per lot Rs 25 per lot
Currency Futures 0.10% 0.02%
Currency Options Rs 30 per lot Rs 20 per lot
Commodity Futures 0.03% 0.02%
Commodity Options 0.03% Rs 50 per lot
Special Offer
Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.

Sharekhan Vs Choice Broking Brokerage Plan 2

  Sharekhan Choice Broking
Account Type Prepaid - ₹1 Lakh Standard Plan
Fixed Charges Rs 1,00,000 per year
Equity Delivery 0.10% 0.20%
Equity Intraday 0.015% 0.02%
Equity Futures 0.015% 0.02%
Equity Options 0.05% or Rs 63 per lot Rs 25 per lot
Currency Futures 0.02%
Currency Options Rs 20 per lot
Commodity Futures 0.02%
Commodity Options Rs 50 per lot
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Sharekhan Vs Choice Broking Brokerage Plan 3

  Sharekhan Choice Broking
Account Type Margin - ₹1 Lakh Standard Plan
Fixed Charges Rs 1,00,000 margin
Equity Delivery 0.25% 0.20%
Equity Intraday 0.05% 0.02%
Equity Futures 0.05% 0.02%
Equity Options 1% or Rs 70 per lot Rs 25 per lot
Currency Futures 0.02%
Currency Options Rs 20 per lot
Commodity Futures 0.02%
Commodity Options Rs 50 per lot
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Sharekhan Charges Vs Choice Broking

Minimum Brokerage Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share
Other Charges
Call & Trade Charges Rs 20 Rs 0 (Free)
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Sharekhan Vs Choice Broking Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Sharekhan Choice Broking
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium) NSE Rs 4000 per crore (0.04%)
Commodity MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%) Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Sharekhan Vs Choice Broking Leverage (Margin)

Sharekhan 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.

  Sharekhan 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 Sharekhan and Choice Broking Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Choice Broking offers Jiffy trading software.

  Sharekhan 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 Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform TradeTiger, Sharekhan Mobile Jiffy
Intraday Square-off Time 3:30 PM 3:15 PM
Other Features Pattern finder, Class room training
Referral Program Yes
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Sharekhan Vs Choice Broking Review

Sharekhan is rated 3.3 of 5 based on 301 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Sharekhan Choice Broking
  301 Customer Reviews    Rate Sharekhan 7 Customer Reviews    Rate Choice Broking
Fees 3.0 4.4
Brokerage 2.8 4.1
Trading Platform 3.7 4.4
Customer Service 3.3 4.0
Research Capabilities 3.0 4.2
Overall Ratings Rated 3.3 stars Rated 4.1 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 301 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

  Sharekhan Enquire Choice Broking Enquire
Contact Broker Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
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Sharekhan Vs Choice Broking Investment Options

  Sharekhan 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 Loans, NRI Trading Portfolio Management Services, Insurance
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Sharekhan Vs Choice Broking Order Type Offered

  Sharekhan 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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Sharekhan Vs Choice Broking Research Report

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

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

  Sharekhan Choice Broking
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is 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
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.
  • 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

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • 1 Year FREE access to TradeTiger Trading Terminal.

This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

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