Upstox Vs Choice Broking (Compare Upstox and Choice Broking)


Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox


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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Upstox Vs Choice Broking

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 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.

  Upstox Choice Broking
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 2012 2010
Number of Branches 4 50
Open an Online Trading Account with Upstox.Open an Online Trading Account with Choice Broking.
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Upstox Vs Choice Broking Charges & AMC

Upstox trading account opening charges is Rs 249 while Choice Broking account opening changes is Rs 0 (Free). Upstox 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).

  Upstox Choice Broking
Trading Account Opening Charges Rs 249 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 300 Rs 200 or as per plan. (1st year AMC free)
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Upstox Vs Choice Broking Brokerage Charges & Plans

Upstox Vs Choice Broking Brokerage

Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Upstox Choice Broking
Account Type Default Standard Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) 0.20%
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower 0.02%
Equity Futures Rs 20 per executed order or 0.05% whichever is lower 0.02%
Equity Options Rs 20 per executed order Rs 25 per lot
Currency Futures Rs 20 per executed order or 0.05% whichever is lower 0.02%
Currency Options Rs 20 per executed order Rs 20 per lot
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower 0.02%
Commodity Options Rs 20 per executed order Rs 50 per lot
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online and start trading today.

Upstox Charges Vs Choice Broking

Minimum Brokerage 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 per trade Rs 0 (Free)
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Upstox Vs Choice Broking Transaction Charges

Upstox transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Upstox Choice Broking
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 200 per Cr (0.002%) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) NSE Rs 4000 per crore (0.04%)
Commodity Group A - Rs 290 per Cr (0.0029%) Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Upstox Vs Choice Broking Leverage (Margin)

Upstox 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.

  Upstox 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 Upstox and Choice Broking Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Choice Broking offers Jiffy trading software.

  Upstox Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading No 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 Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola Jiffy
Intraday Square-off Time 3:00 PM 3:15 PM
Other Features Option strategy builder
Referral Program Yes Yes
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Upstox Vs Choice Broking Review

Upstox is rated 2.4 of 5 based on 117 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Upstox Choice Broking
  117 Customer Reviews    Rate Upstox 7 Customer Reviews    Rate Choice Broking
Fees 3.4 4.4
Brokerage 3.5 4.1
Trading Platform 2.6 4.4
Customer Service 2.3 4.0
Research Capabilities 2.3 4.2
Overall Ratings Rated 2.4 stars Rated 4.1 stars
Broker Rating Upstox is rated 2.4 of 5 based on 117 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

  Upstox Enquire Choice Broking Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online and start trading today. Leave your contact information and we will get in touch with you....
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Upstox Vs Choice Broking Investment Options

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

  Upstox Choice Broking
Bracket Order No 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) No Yes
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Upstox Vs Choice Broking Research Report

  Upstox Choice Broking
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Upstox Vs Choice Broking Suitable For Investor Type

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

  Upstox Choice Broking
Pros
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund and digital gold investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's 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
  • No margin funding.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  • 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

Free Equity Delivery Trading & Mutual Funds

  • Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold.
  • Pay flat Rs 20 for Intra-day and F&O Trades.
  • Trade with the best trading platform.

It is a limited-time offer. Open Instant Account online and start trading the same day.

Open Upstox AccountEnquire Choice Broking

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