Trustline Vs Choice Broking (Compare Trustline and Choice Broking)


Trustline
Incorporated in 1989, Trustline Securities is a Noida based financial service provider. Trustline is a full-service broker for over 25 years. Trustline offers customised investment solutions to corporate, institutions and retail investors, through a wide network of offices across India. Trustline provides brokerage services through the online trading website and 400+ branch offices. Trustline research desk offers research based-on technical and fundamental analysis in equity, currency, and comm... Know more about Trustline 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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Trustline Vs Choice Broking

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

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

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

  Trustline 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 Regular: Rs 0, Lifetime Free AMC: Rs 1000 Rs 0 (Free)
Demat Account AMC Charges Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 Rs 200 or as per plan. (1st year AMC free)
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Trustline Vs Choice Broking Brokerage Charges & Plans

Trustline Vs Choice Broking Brokerage

Trustline brokerage charges for equity is 0.20% (20 paisa) and intraday is 0.02% (2 paisa) whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Trustline Choice Broking
Account Type Full-service Brokerage Plan Standard Plan
Fixed Charges
Equity Delivery 0.20% (20 paisa) 0.20%
Equity Intraday 0.02% (2 paisa) 0.02%
Equity Futures 0.02% (2 paisa) 0.02%
Equity Options Rs 75 per lot Rs 25 per lot
Currency Futures 0.02% (2 paisa) 0.02%
Currency Options Rs 7.5 per lot Rs 20 per lot
Commodity Futures Future: 0.02% (2 paisa) | Options: Rs 50 per lot 0.02%
Commodity Options Rs 50 per lot
Special Offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Trustline Charges Vs Choice Broking

Minimum Brokerage Rs 0 (No Minimum Brokerage)
Other Charges Physical contact notes: Rs 20
Call & Trade Charges Rs 0 (Free) Rs 0 (Free)
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Trustline Vs Choice Broking Transaction Charges

Trustline transaction charges for options is NSE Rs 5000 per crore (0.05%) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Trustline Choice Broking
Equity Delivery NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 190 per crore (0.0019%) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 5000 per crore (0.05%) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500 NSE Rs 4000 per crore (0.04%)
Commodity MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%) Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Trustline Vs Choice Broking Leverage (Margin)

Trustline 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.

  Trustline 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 Trustline and Choice Broking Features

The trading platforms offered Trustline include Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.. Choice Broking offers Jiffy trading software.

  Trustline 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 Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. Jiffy
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM 3:15 PM
Other Features
Referral Program Yes
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Trustline Vs Choice Broking Review

Trustline is rated 4.0 of 5 based on 1 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Trustline Choice Broking
  1 Customer Reviews    Rate Trustline 7 Customer Reviews    Rate Choice Broking
Fees 4.0 4.4
Brokerage 3.0 4.1
Trading Platform 4.0 4.4
Customer Service 4.0 4.0
Research Capabilities 4.2
Overall Ratings Rated 4.0 stars Rated 4.1 stars
Broker Rating Trustline is rated 4.0 of 5 based on 1 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

  Trustline Enquire Choice Broking Enquire
Contact Broker Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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Trustline Vs Choice Broking Investment Options

  Trustline Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt Yes No
Other Investment Options Insurance, Wealth Management Portfolio Management Services, Insurance
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Trustline Vs Choice Broking Order Type Offered

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

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

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

  Trustline Choice Broking
Pros
  • Research based fundamental and technical analysis available to all the customers.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all 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
  • Separate account needed for Mutual Funds investment.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API is now available.
  • No extra charge for intraday or expiry positions closed by the broker.
  • 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

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

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

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