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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...

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...

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 Upstox Account	Enquire Choice Broking

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)

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)

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%)
	Open Upstox Account	Enquire Choice Broking

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)
	Open Upstox Account	Enquire Choice Broking

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
	Open Upstox Account	Enquire Choice Broking

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	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

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.... Name Phone # Email City Name State Are you a day trader?

Upstox Vs Choice Broking Investment Options

	Upstox	Choice Broking
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Portfolio Management Services, Insurance

Upstox Vs Choice Broking Order Type Offered

	Upstox	Choice Broking
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open Upstox Account	Enquire Choice Broking

Upstox Vs Choice Broking Research Report

	Upstox	Choice Broking
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Upstox Vs Choice Broking Suitable For Investor Type

	Upstox	Choice Broking
Casual Investor
Active Investor
Trader

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 Account	Enquire Choice Broking

Compare More Brokers...

Upstox	Choice Broking
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