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...
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 | |
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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 |
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Enquire Upstox | Enquire Choice Broking |
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 | |
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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 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 | |
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Account Type | Upstox Basic | Standard Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 0 (Free) | 0.20% |
Equity Intraday Brokerage | Rs 20 per executed order or 0.05% whichever is lower | 0.02% |
Equity Futures Brokerage | Rs 20 per executed order or 0.05% whichever is lower | 0.02% |
Equity Options Brokerage | Rs 20 per executed order | Rs 25 per lot |
Currency Futures Trading Brokerage | Rs 20 per executed order or 0.05% whichever is lower | 0.02% |
Currency Options Trading Brokerage | Rs 20 per executed order | Rs 20 per lot |
Commodity Futures Trading Brokerage | Rs 20 per executed order or 0.05% whichever is lower | 0.02% |
Commodity Options Trading Brokerage | Rs 20 per executed order | Rs 50 per lot |
Special Offer | Special Offer: 30 days unlimited brokerage credit + Flat Rs 20 per order for Intra-day and F&O. Get the Exclusive Offer |
Upstox | Choice Broking | |
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Account Type | Upstox Priority (Higher Margin) | Standard Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 0 | 0.20% |
Equity Intraday Brokerage | Rs 30 per executed order or 0.10% whichever is lower | 0.02% |
Equity Futures Brokerage | Rs 30 per executed order or 0.10% whichever is lower | 0.02% |
Equity Options Brokerage | Rs 30 per executed order | Rs 25 per lot |
Currency Futures Trading Brokerage | Rs 30 per executed order or 0.10% whichever is lower | 0.02% |
Currency Options Trading Brokerage | Rs 30 per executed order | Rs 20 per lot |
Commodity Futures Trading Brokerage | Rs 30 per executed order or 0.10% whichever is lower | 0.02% |
Commodity Options Trading Brokerage | Rs 30 per executed order | Rs 50 per lot |
Enquire Upstox | Enquire Choice Broking |
Minimum Brokerage Charges | 0.05% | |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 20 per trade | Rs 0 (Free) |
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 | |
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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%) |
Enquire Upstox | Enquire Choice Broking |
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 | |
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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 |
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 | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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 | ![]() |
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Enquire Upstox | Enquire Choice Broking |
Upstox is rated 2.5 of 5 based on 106 customer reviews whereas Choice Broking is rated 4.8 of 5 based on 4 customer reviews.
Upstox | Choice Broking | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire Upstox | Enquire Choice Broking |
Upstox | Choice Broking | |
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Pros |
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Cons |
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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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Promo / Offers | Get 30 Days Unlimited TradingJoin over 20 lakh traders. Open an account and get 30 days unlimited brokerage credit. Trade in Intra-day and F&O Trades at flat Rs 20 per order. Request Callback |
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Enquire Upstox | Enquire Choice Broking |
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