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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...

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
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
	Enquire Upstox	Enquire Choice Broking

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)

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
	Enquire Upstox	Enquire Choice Broking

Upstox Charges Vs Choice Broking

Minimum Brokerage Charges	0.05%
Other Brokerage Charges
Call & Trade Charges	₹20 per trade	₹0 (Free)

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%)
	Enquire Upstox	Enquire Choice Broking

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)
	Enquire Upstox	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 Available
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	3:15 PM	3:15 PM
Other Features	Option strategy builder
Referral Program
	Enquire Upstox	Enquire Choice Broking

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	3 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

Contact Broker / Request A Call Back

	Upstox Enquire	Choice Broking Enquire
Contact Broker	30 days unlimited brokerage credit + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer Name Phone # Email City Name State Are you a day trader?	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
Initial Public Offers (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)
	Enquire Upstox	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	Upstox basic plan offers brokerage free trading in Equity Delivery segment. No brokerage for equity delivery trades. Free trading software including mobile and web trading app. Advance orders including AMO, CO and BO are available. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all. AmiBroker connector available for Algo Trading. Mutual Funds are available for investment. Higher leverage is available under different brokerage plan. 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.
Promo / Offers	Get 30 Days Unlimited Trading 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. Request Callback
	Enquire Upstox	Enquire Choice Broking

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