Choice Broking vs Fyers – Compare Charges, Trading Features, Offers & more

Find a Comparison of Choice Broking vs Fyers here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Choice Broking and Fyers.

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Choice Broking vs Fyers – Company Overview

Company Overview Choice Broking Fyers
Company Type Private Private
Headquarters Mumbai Bangalore
Founder Kamal Poddar Tejas Khoday, Shreyas Khodey & Yashas Khodey
Establishment Year 2010 2015

Compare the Brokerage of Choice Broking and Fyers

Brokerage Choice Broking Fyers
Brokerage Plan Standard Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery 0.2% of Transaction Value Free
Equity Intraday 0.02% of Transaction Value Rs.20 per Trade or 0.03% (whichever is Low)
Equity Future 0.02% of Transaction Value Rs.20 per Trade or 0.03% (whichever is low)
Equity Option Rs.25 per lot Rs.20 per Trade
Commodity Future 0.02% of Transaction Value Rs.20 per Trade or 0.03% (whichever is low)
Commodity Option Rs.50 per lot Rs.20 per Trade
Currency Future 0.02% of Transaction Value Rs.20 per Trade or 0.03% (whichever is low)
Currency Option Rs.20 per lot Rs.20 per Trade

Choice Broking vs Fyers – Trading Platforms

Trading Platforms Choice Broking Fyers
Android App Choice Broking Android App Link Fyers Android App Link
iOS App Choice Broking iOS App Link Fyers iOS App Link
Web Trading Platform Choice Broking Web Trading Link Fyers Web Trading Link
Trading Terminal NA Available
Algo Trading Platform NA Available
Foreign Stocks Trading Platform NA NA
Basket Trading Platform NA Available
Mutual Fund Investment Platform NA Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

Comparison of Choice Broking and Fyers – Trading Features

Trading Features Choice Broking Fyers
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes No
Online MF Buy No No
Research Reports Yes Yes
Global indices No No
Customised Recommendations Yes Yes
Stock tips Yes Yes
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No No
Robust & Secure Platform Yes Yes

Compare Choice Broking vs Fyers Offers

Offers Choice Broking Fyers
Free Account Opening Yes Yes
Free AMC No Yes
Free Brokerage No Yes, Limited
Flat Brokerage No Yes
Flexible Brokerage Plans No No
Happy Trading Hours No No
Free Delivery Trading No Yes
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports No No
Free Trading calls No No
Referral Offers Upto Rs. 100 per Client 20% of Revenue
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Choice Broking vs Fyers – Products Provided

Products Provided Choice Broking Fyers
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes Yes
Commodity Future Yes Yes
Currency Option Yes Yes
Currency Future Yes Yes
Foreign Stocks No No
Mutual Funds No Yes
Insurance Yes No
Corporate Bonds No No
Govt. Bonds No Yes
Digital Gold No No
Banking No

Choice Broking vs Fyers – Services Provided

Services Provided Choice Broking Fyers
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services No Yes
3 in 1 Account No No
Stock Research Yes No
Stock Recommendations Yes No
Trading Institution No Yes, School of Stocks
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Choice Broking and Fyers Advisory

Advisory Choice Broking Fyers
Fundamental Reports Yes Yes
Research Reports Yes Yes, chargeable
Company Reports Yes Yes, chargeable
Annual Reports Yes No
IPO Reports No No
Technical Reports No No
Stock Tips Yes Yes, chargeable
Daily Top Stock Picks Yes Yes, chargeable
Daily Market Review No Yes, chargeable
Monthly Review Yes No
Weekly Review No Yes, chargeable
Relationship Manager Yes No
Robo Advisory No No

Comparison of Choice Broking and Fyers Exposure

Exposure Choice Broking Fyers
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Compare Programs of Choice Broking & Fyers

Programs Choice Broking Fyers
Sub Broker Program Yes Yes, Limited
Partner Program Yes Yes
Referral Program Yes Yes

Choice Broking vs Fyers – Ratings by Finec

Ratings Choice Broking Fyers
Overall Rating 8.63 / 10 8.20 / 10
Customer Support 8.59 / 10 8.16 / 10
Technology 8.73 / 10 8.29 / 10
Charges 8.66 / 10 8.23 / 10
Products & Service 8.58 / 10 8.15 / 10
Experience 8.56 / 10 8.13 / 10

Compare Customer Support of Choice Broking and Fyers

Customer Support Choice Broking Fyers
Trading Support Available, Free Available, Chargeable
Dedicated Dealer Available, Free NA
Call Support 022-67079999 080-60001111
Email Support customercare@choiceindia.com support@fyers.in
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link Telegram Support Link
Branches / Offices Available NA

Comparison of Choice Broking & Fyers Complaints

Complaints Choice Broking Fyers
Total Complaints Lodged 78 132
Total Complaints Resolved 69 118
% of Resolved Complaints 88.46% 89.39%
Non Actionable Complaints 6 10
% of Non Actionable Complaints 7.69% 7.58%

Compare Demat Charges of Choice Broking vs Fyers

Demat Charges Choice Broking Fyers
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Rs.200 – Rs.3000 (First year free) Free (limited period offer)

Choice Broking vs Fyers – Compare STT & CTT

STT & CTT Choice Broking Fyers
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future 0.05% on sell side 0.01% on sell (Non-Agri)
Commodity Option 0.05% on sell 0.05% on sell
Currency Future Nil Nil
Currency Option Nil Nil

Compare Stamp Duty of Choice Broking and Fyers

Stamp Duty Choice Broking Fyers
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy 0.002% on buy
Commodity Option 0.003% on buy 0.003% on buy
Currency Future 0.0001% on buy 0.0001% on buy
Currency Option 0.0001% on buy 0.0001% on buy

Choice Broking vs Fyers – Transaction Charges

Transaction Charges Choice Broking Fyers
Equity Delivery 0.00325% (NSE & BSE) 0.00325% (NSE) 0.00375% (BSE)
Equity Intraday 0.00325% (NSE & BSE) 0.00325% (NSE) 0.00375% (BSE)
Equity Future 0.0019% (NSE & BSE) 0.0019% (NSE & BSE)
Equity Option 0.053% (on premium) 0.05% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) 0.0026% (Non-Agri)
Commodity Option 0.05% (Non Agri) 0.05% (Non Agri)
Currency Future 0.0009% (NSE) & 0.00025% (BSE) 0.0009% (NSE)
Currency Option 0.037% (NSE) & 0.001% (BSE) 0.035% (NSE)

Compare Pledge Charges of Choice Broking & Fyers

Pledge Charges Choice Broking Fyers
Pledge Creation Charges Rs.50 per Request or 0.02% of Value (whichever is higher) Nil
Pledge Invocation Charges Rs.100 per Request or 0.05% of Value (whichever is higher) Nil
Interest on Margin Trading 0.05% per day Nil

Comparison of Choice Broking and Fyers – Hidden Charge

Hidden Charge Choice Broking Fyers
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.10 per Scrip on Sell Rs.15 per Scrip on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Nil Nil
Reactivation Charges Nil Nil
Dematerialisation Charges Rs.10 per certificate Nil
Call & Trade Charges Rs.30 per Trade Rs.50 per Trade

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