Upstox Vs Choice Broking (Compare Upstox and Choice Broking)

The side-by-side comparison of Upstox and Choice Broking. Compare Upstox Vs Choice Broking brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Upstox vs 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
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Account Type Upstox Basic Standard Plan
Year of Incorporation 2012 2010
Number of Branches 4 50
Broker Enquiry Open an Online Trading Account with Upstox. 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.
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Upstox Vs Choice Broking Charges & AMC

Upstox trading account opening charges is ₹249 while Choice Broking account opening changes is ₹0 (Free). Upstox Demat Account AMC Charges is ₹300 and Choice Broking Demat Account AMC Charges is ₹200 or as per plan. (1st year AMC free).

  Upstox Choice Broking
Trading Account Opening Charges ₹249 ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) ₹0 (Free)
Demat Account AMC Charges ₹300 ₹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 ₹0 (Free) and intraday is ₹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 Upstox Basic Standard Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) 0.20%
Equity Intraday Brokerage ₹20 per executed order or 0.05% whichever is lower 0.02%
Equity Futures Brokerage ₹20 per executed order or 0.05% whichever is lower 0.02%
Equity Options Brokerage ₹20 per executed order ₹25 per lot
Currency Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower 0.02%
Currency Options Trading Brokerage ₹20 per executed order ₹20 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower 0.02%
Commodity Options Trading Brokerage ₹20 per executed order ₹50 per lot
Special Offer
Special Offer:

30 days unlimited brokerage credit + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Upstox Vs Choice Broking Brokerage Plan 2

  Upstox Choice Broking
Account Type Upstox Priority (Higher Margin) Standard Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 0.20%
Equity Intraday Brokerage ₹30 per executed order or 0.10% whichever is lower 0.02%
Equity Futures Brokerage ₹30 per executed order or 0.10% whichever is lower 0.02%
Equity Options Brokerage ₹30 per executed order ₹25 per lot
Currency Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.02%
Currency Options Trading Brokerage ₹30 per executed order ₹20 per lot
Commodity Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.02%
Commodity Options Trading Brokerage ₹30 per executed order ₹50 per lot
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Upstox Charges Vs Choice Broking

Minimum Brokerage Charges 0.05%
Other Brokerage Charges
Call & Trade Charges ₹20 per trade ₹0 (Free)
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Upstox Vs Choice Broking Transaction Charges

Upstox transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium) while Choice Broking exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  Upstox Choice Broking
Equity Delivery NSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per crore (0.00325%) | BSE Flat Rate of ₹1.51 per Trade
Equity Intraday NSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per crore (0.00325%) | BSE Flat Rate of ₹1.51 per Trade
Equity Futures NSE ₹210 per Cr (0.0021%) NSE ₹240 per crore (0.0024%)
Equity Options NSE ₹5500 per Cr (0.055%) (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%) NSE ₹90 per crore (0.0009%)
Currency Options NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium) NSE ₹4000 per crore (0.04%)
Commodity Group A - ₹290 per Cr (0.0029%) Non-Agri ₹290 per Crore (0.0029%) | Agri ₹178 per Crore (0.00178%)
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Upstox Vs Choice Broking Leverage (Margin)

Upstox provides the margin of Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.

  Upstox Choice Broking
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x Up to 20x
Equity Futures Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x Up to 5x
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x Up to 3x
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x 1x (no margin)
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Up to 5x
Commodity Options 1x (no margin)
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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 Available 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 3:15 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 2.5 of 5 based on 96 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  Upstox Choice Broking
  96 Customer Reviews    Rate Upstox 3 Customer Reviews    Rate Choice Broking
Fees 3.5 4.7
Trading Brokerage 3.5 4.3
Trading Platform Usability 2.7 4.7
Customer Service 2.3 4.3
Research Capabilities 2.3 5.0
Overall Ratings Rated 2.5 stars Rated 4.7 stars
Broker Rating Upstox is rated 2.5 of 5 based on 96 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
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30 days unlimited brokerage credit + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

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Upstox Vs Choice Broking Investment Options

  Upstox Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (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 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) 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
Active Investor Yes Yes
Trader Yes
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Upstox Vs Choice Broking - Pros and Cons

  Upstox Choice Broking
Pros
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. 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.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Doesn't offer BTST facility.
  • 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.

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Join over 20 lakh traders. Open an account and get 30 days unlimited brokerage credit. Trade in Intra-day and F&O Trades at flat ₹20 per order.

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