Zerodha Vs Choice Broking (Compare Zerodha and Choice Broking)

The side-by-side comparison of Zerodha and Choice Broking. Compare Zerodha Vs Choice Broking brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs Choice Broking?


Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha


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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Zerodha Vs Choice Broking

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 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.

  Zerodha Choice Broking
Type of Broker Discount Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX, ICDEX
Account Type Flat Brokerage Plan Standard Plan
Year of Incorporation 2010 2010
Number of Branches 22 50
Broker Enquiry Open an Online Trading Account with Zerodha. 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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Zerodha Vs Choice Broking Charges & AMC

Zerodha trading account opening charges is Rs 200 while Choice Broking account opening changes is Rs 0 (Free). Zerodha 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).

  Zerodha Choice Broking
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 200 or as per plan. (1st year AMC free)
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Zerodha Vs Choice Broking Brokerage Charges & Plans

Zerodha Vs Choice Broking Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Zerodha Choice Broking
Account Type Flat Brokerage Plan Standard Plan
Fixed Charges
Equity Delivery Brokerage Rs 0 (Free) 0.20%
Equity Intraday Brokerage Rs 20 per executed order or .03% whichever is lower 0.02%
Equity Futures Brokerage Rs 20 per executed order or .03% 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 .03% whichever is lower 0.02%
Currency Options Trading Brokerage Rs 20 per executed order or .03% whichever is lower Rs 20 per lot
Commodity Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower 0.02%
Commodity Options Trading Brokerage Rs 20 per executed order or .03% whichever is lower Rs 50 per lot
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

Zerodha Charges Vs Choice Broking

Minimum Brokerage Charges 0.03% in Intraday and F&O
Other Brokerage Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 50 per executed order Rs 0 (Free)
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Zerodha Vs Choice Broking Transaction Charges

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

  Zerodha Choice Broking
Equity Delivery NSE Rs 325 per Cr (0.00325%) | 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 325 per Cr (0.00325%) | 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 190 per Cr (0.0019%) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per crore (0.04%)
Commodity Group A - Rs 260 per Cr (0.0026%) Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Zerodha Vs Choice Broking Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Choice Broking margin for intraday cash is Up to 20x.

  Zerodha Choice Broking
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 20x (based on the stock) Up to 20x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Up to 5x
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 1x (no margin) for Options buying and up to 10x for options selling
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Up to 3x
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 1x (no margin)
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Up to 5x
Commodity Options 1x (no margin)
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Compare Zerodha and Choice Broking Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Choice Broking offers Jiffy trading software.

  Zerodha Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes 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 Kite Web, Kite Mobile for Android/iOS and Coin Jiffy
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close 3:15 PM
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes Yes
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Zerodha Vs Choice Broking Review

Zerodha is rated 3.7 of 5 based on 411 customer reviews whereas Choice Broking is rated 4.7 of 5 based on 3 customer reviews.

  Zerodha Choice Broking
  411 Customer Reviews    Rate Zerodha 3 Customer Reviews    Rate Choice Broking
Fees 3.7 4.7
Trading Brokerage 4.3 4.3
Trading Platform Usability 3.6 4.7
Customer Service 3.4 4.3
Research Capabilities 2.6 5.0
Overall Ratings Rated 3.7 stars Rated 4.7 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 411 customer reviews Choice Broking is rated 4.7 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire Choice Broking Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

Leave your contact information and we will get in touch with you....

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Zerodha Vs Choice Broking Investment Options

  Zerodha Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No No
Other Investment Options Portfolio Management Services, Insurance
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Zerodha Vs Choice Broking Order Type Offered

  Zerodha Choice Broking
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Zerodha Vs Choice Broking Research Report

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

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

  Zerodha Choice Broking
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  • 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
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 50 order.
  • Auto Square off is charged at extra Rs 50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
  • 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

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

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