TradeSmart Vs Choice Broking (Compare TradeSmart and Choice Broking)

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


TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services 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

Expand

TradeSmart Vs Choice Broking

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 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.

  TradeSmart Choice Broking
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Account Type Power Plan (₹15/Order) Standard Plan
Year of Incorporation 1994 2010
Number of Branches 1 50
Broker Enquiry Open an Online Trading Account with TradeSmart. 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.
Enquire TradeSmartEnquire Choice Broking
Expand

TradeSmart Vs Choice Broking Charges & AMC

TradeSmart trading account opening charges is ₹200 while Choice Broking account opening changes is ₹0 (Free). TradeSmart Demat Account AMC Charges is ₹300 and Choice Broking Demat Account AMC Charges is ₹200 or as per plan. (1st year AMC free).

  TradeSmart Choice Broking
Trading Account Opening Charges ₹200 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹200 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹200 or as per plan. (1st year AMC free)
Expand

TradeSmart Vs Choice Broking Brokerage Charges & Plans

TradeSmart Vs Choice Broking Brokerage

TradeSmart brokerage charges for equity is ₹15 per executed order and intraday is ₹15 per executed order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  TradeSmart Choice Broking
Account Type Power Plan (₹15/Order) Standard Plan
Fixed Charges
Equity Delivery Brokerage ₹15 per executed order 0.20%
Equity Intraday Brokerage ₹15 per executed order 0.02%
Equity Futures Brokerage ₹15 per executed order 0.02%
Equity Options Brokerage ₹15 per executed order ₹25 per lot
Currency Futures Trading Brokerage ₹15 per executed order 0.02%
Currency Options Trading Brokerage ₹15 per executed order ₹20 per lot
Commodity Futures Trading Brokerage ₹15 per executed order 0.02%
Commodity Options Trading Brokerage ₹15 per executed order ₹50 per lot
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

TradeSmart Vs Choice Broking Brokerage Plan 2

  TradeSmart Choice Broking
Account Type Value Plan Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.007% 0.20%
Equity Intraday Brokerage 0.007% 0.02%
Equity Futures Brokerage 0.007% 0.02%
Equity Options Brokerage ₹7 Per Lot ₹25 per lot
Currency Futures Trading Brokerage 0.007% 0.02%
Currency Options Trading Brokerage ₹7 Per Lot ₹20 per lot
Commodity Futures Trading Brokerage 0.007% 0.02%
Commodity Options Trading Brokerage ₹7 Per Lot ₹50 per lot
Enquire TradeSmartEnquire Choice Broking

TradeSmart Charges Vs Choice Broking

Minimum Brokerage Charges ₹15 per executed order
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹20 per executed order ₹0 (Free)
Expand

TradeSmart Vs Choice Broking Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Choice Broking exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  TradeSmart Choice Broking
Equity Delivery 0.0035% NSE ₹325 per crore (0.00325%) | BSE Flat Rate of ₹1.51 per Trade
Equity Intraday 0.0035% NSE ₹325 per crore (0.00325%) | BSE Flat Rate of ₹1.51 per Trade
Equity Futures 0.0024% NSE ₹240 per crore (0.0024%)
Equity Options 0.0715% NSE ₹5000 per crore (0.05%)
Currency Futures 0.00165% NSE ₹90 per crore (0.0009%)
Currency Options 0.06% NSE ₹4000 per crore (0.04%)
Commodity 0.0039% Non-Agri ₹290 per Crore (0.0029%) | Agri ₹178 per Crore (0.00178%)
Enquire TradeSmartEnquire Choice Broking
Expand

TradeSmart Vs Choice Broking Leverage (Margin)

TradeSmart provides the margin of 30x trading margin for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.

  TradeSmart Choice Broking
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday 30x trading margin Up to 20x
Equity Futures MIS: 3X | BO: 7X | CO: 7X Up to 5x
Equity Options MIS: 3X | BO: 7X | CO: 7X 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures MIS: 3X | BO: 3X | CO: 3X Up to 3x
Currency Options MIS: 3X | BO: NA | CO: NA 1x (no margin)
Commodity Futures MIS: 2X | BO: 6X | CO: 6X Up to 5x
Commodity Options MIS: NA | BO: NA | CO: NA 1x (no margin)
Enquire TradeSmartEnquire Choice Broking
Expand

Compare TradeSmart and Choice Broking Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Choice Broking offers Jiffy trading software.

  TradeSmart Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform NEST, NOW, Spin Jiffy
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15 PM
Other Features
Referral Program Yes Yes
Enquire TradeSmartEnquire Choice Broking
Expand

TradeSmart Vs Choice Broking Review

TradeSmart is rated 4.0 of 5 based on 65 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  TradeSmart Choice Broking
  65 Customer Reviews    Rate TradeSmart 3 Customer Reviews    Rate Choice Broking
Fees 3.8 4.7
Trading Brokerage 4.4 4.3
Trading Platform Usability 3.7 4.7
Customer Service 4.0 4.3
Research Capabilities 2.5 5.0
Overall Ratings Rated 4.0 stars Rated 4.7 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 65 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
Expand

Contact Broker / Request A Call Back

  TradeSmart Enquire Choice Broking Enquire
Contact Broker

FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

Leave your contact information and we will get in touch with you....

Expand

TradeSmart Vs Choice Broking Investment Options

  TradeSmart Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt No No
Other Investment Options Portfolio Management Services, Insurance
Expand

TradeSmart Vs Choice Broking Order Type Offered

  TradeSmart Choice Broking
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
Enquire TradeSmartEnquire Choice Broking
Expand

TradeSmart Vs Choice Broking Research Report

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

TradeSmart Vs Choice Broking Suitable For Investor Type

  TradeSmart Choice Broking
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
Expand

TradeSmart Vs Choice Broking - Pros and Cons

  TradeSmart Choice Broking
Pros
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of ₹1000.
  • Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart is in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most customers.
  • 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
  • Call and Trade is charged at extra ₹20 per executed order.
  • Physical contract notes ₹20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
  • 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

Limited Time Offer - Free Account Opening (₹400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat ₹15 per order.

Get this limited time offer
Enquire TradeSmartEnquire Choice Broking

Compare More Brokers...

TradeSmart Choice Broking
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App