TradeSmart Vs Choice Broking (Compare TradeSmart and 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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 1994 2010
Number of Branches 1 50
Open an Online Trading Account with TradeSmart.Open an Online Trading Account with Choice Broking.
Open TradeSmart AccountEnquire Choice Broking
Expand

TradeSmart Vs Choice Broking Charges & AMC

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

  TradeSmart Choice Broking
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 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 Rs 15 per order and intraday is Rs 15 per order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  TradeSmart Choice Broking
Account Type Power Plan Standard Plan
Fixed Charges NA
Equity Delivery Rs 15 per order 0.20%
Equity Intraday Rs 15 per order 0.02%
Equity Futures Rs 15 per order 0.02%
Equity Options Rs 15 per order Rs 25 per lot
Currency Futures Rs 15 per order 0.02%
Currency Options Rs 15 per order Rs 20 per lot
Commodity Futures Rs 15 per order 0.02%
Commodity Options Rs 15 per order Rs 50 per lot
Special Offer
Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.

TradeSmart Vs Choice Broking Brokerage Plan 2

  TradeSmart Choice Broking
Account Type Value Plan Standard Plan
Fixed Charges
Equity Delivery 0.07% 0.20%
Equity Intraday 0.007% 0.02%
Equity Futures 0.007% 0.02%
Equity Options Rs 7 Per Lot Rs 25 per lot
Currency Futures 0.007% 0.02%
Currency Options Rs 7 Per Lot Rs 20 per lot
Commodity Futures 0.007% 0.02%
Commodity Options Rs 7 Per Lot Rs 50 per lot
Open TradeSmart AccountEnquire Choice Broking

TradeSmart Charges Vs Choice Broking

Minimum Brokerage Rs 15 per executed order
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Rs 20 per executed order Rs 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 Rs 5000 per crore (0.05%).

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

TradeSmart Vs Choice Broking Leverage (Margin)

TradeSmart 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.

  TradeSmart 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)
Open TradeSmart AccountEnquire 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 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
Open TradeSmart AccountEnquire Choice Broking
Expand

TradeSmart Vs Choice Broking Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  TradeSmart Choice Broking
  67 Customer Reviews    Rate TradeSmart 7 Customer Reviews    Rate Choice Broking
Fees 3.8 4.4
Brokerage 4.4 4.1
Trading Platform 3.8 4.4
Customer Service 4.0 4.0
Research Capabilities 2.7 4.2
Overall Ratings Rated 4.0 stars Rated 4.1 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews Choice Broking is rated 4.1 of 5 based on 7 customer reviews
Expand

Contact Broker / Request A Call Back

  TradeSmart Enquire Choice Broking Enquire
Contact Broker Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today. 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
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
Open TradeSmart AccountEnquire 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
  • 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 Rs 20 per executed order.
  • Physical contract notes Rs 20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 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

Flat Rs 15 per trade

  • Flat Rs 15 per trade across all segments +
  • Get Margin against your shares +
  • API for alog trading.

This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.

Open TradeSmart AccountEnquire Choice Broking

Compare More Brokers...

TradeSmart Choice Broking
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App