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

Find a Comparison of Choice Broking vs IDBI Direct 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 IDBI Direct.

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Choice Broking vs IDBI Direct – Company Overview

Company Overview Choice Broking IDBI Direct
Company Type Private Public
Headquarters Mumbai Mumbai
Founder Kamal Poddar Nagaraj Garla
Establishment Year 2010 1993

Compare the Brokerage of Choice Broking and IDBI Direct

Brokerage Choice Broking IDBI Direct
Brokerage Plan Standard Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery 0.2% of Transaction Value 0.50% of Transaction Value
Equity Intraday 0.02% of Transaction Value 0.05% of Transaction Value
Equity Future 0.02% of Transaction Value 0.05% of Transaction Value
Equity Option Rs.25 per lot Rs.50 per Lot
Commodity Future 0.02% of Transaction Value 0.05% of Transaction Value
Commodity Option Rs.50 per lot Rs.50 per Lot
Currency Future 0.02% of Transaction Value 0.05% of Transaction Value
Currency Option Rs.20 per lot Rs.50 per Lot

Choice Broking vs IDBI Direct – Trading Platforms

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

Comparison of Choice Broking and IDBI Direct – Trading Features

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

Compare Choice Broking vs IDBI Direct Offers

Offers Choice Broking IDBI Direct
Free Account Opening Yes Yes
Free AMC No No
Free Brokerage No No
Flat Brokerage No No
Flexible Brokerage Plans No Yes
Happy Trading Hours No No
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports No Yes
Free Trading calls No Yes
Referral Offers Upto Rs. 100 per Client Upto Rs.500 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Choice Broking vs IDBI Direct – Products Provided

Products Provided Choice Broking IDBI Direct
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 Yes
Corporate Bonds No Yes
Govt. Bonds No Yes
Digital Gold No No
Banking Yes

Choice Broking vs IDBI Direct – Services Provided

Services Provided Choice Broking IDBI Direct
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 Yes
Stock Research Yes Yes
Stock Recommendations Yes Yes
Trading Institution No No
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Choice Broking and IDBI Direct Advisory

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

Comparison of Choice Broking and IDBI Direct Exposure

Exposure Choice Broking IDBI Direct
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 & IDBI Direct

Programs Choice Broking IDBI Direct
Sub Broker Program Yes Yes
Partner Program Yes Yes
Referral Program Yes Yes

Choice Broking vs IDBI Direct – Ratings by Finec

Ratings Choice Broking IDBI Direct
Overall Rating 8.63 / 10 7.60 / 10
Customer Support 8.59 / 10 7.57 / 10
Technology 8.73 / 10 7.70 / 10
Charges 8.66 / 10 7.63 / 10
Products & Service 8.58 / 10 7.56 / 10
Experience 8.56 / 10 7.54 / 10

Compare Customer Support of Choice Broking and IDBI Direct

Customer Support Choice Broking IDBI Direct
Trading Support Available, Free Available, Free
Dedicated Dealer Available, Free Available, Free
Call Support 022-67079999 022-67719100
Email Support customercare@choiceindia.com customercare@idbi.co.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 NA
Branches / Offices Available Available

Comparison of Choice Broking & IDBI Direct Complaints

Complaints Choice Broking IDBI Direct
Total Complaints Lodged 78 35
Total Complaints Resolved 69 28
% of Resolved Complaints 88.46% 80.00%
Non Actionable Complaints 6 3
% of Non Actionable Complaints 7.69% 8.57%

Compare Demat Charges of Choice Broking vs IDBI Direct

Demat Charges Choice Broking IDBI Direct
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Rs.200 – Rs.3000 (First year free) Rs.350 per Year

Choice Broking vs IDBI Direct – Compare STT & CTT

STT & CTT Choice Broking IDBI Direct
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 IDBI Direct

Stamp Duty Choice Broking IDBI Direct
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 IDBI Direct – Transaction Charges

Transaction Charges Choice Broking IDBI Direct
Equity Delivery 0.00325% (NSE & BSE) 0.00345% (NSE) & 0.00375% (BSE)
Equity Intraday 0.00325% (NSE & BSE) 0.00345% (NSE) & 0.00375% (BSE)
Equity Future 0.0019% (NSE & BSE) 0.002% (NSE & BSE)
Equity Option 0.053% (on premium) 0.053% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option 0.05% (Non Agri) 0.05% (Non Agri)
Currency Future 0.0009% (NSE) & 0.00025% (BSE) 0.0009% (NSE) & 0.00022% (BSE)
Currency Option 0.037% (NSE) & 0.001% (BSE) 0.035% (NSE) & 0.001% (BSE)

Compare Pledge Charges of Choice Broking & IDBI Direct

Pledge Charges Choice Broking IDBI Direct
Pledge Creation Charges Rs.50 per Request or 0.02% of Value (whichever is higher) Rs.50 per Request or 0.04% of Value (whichever is higher)
Pledge Invocation Charges Rs.100 per Request or 0.05% of Value (whichever is higher) Rs.50 per Request or 0.04% of Value (whichever is higher)
Interest on Margin Trading 0.05% per day 0.07% per day

Comparison of Choice Broking and IDBI Direct – Hidden Charge

Hidden Charge Choice Broking IDBI Direct
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.10 per Scrip on Sell Rs.25 per Scrip on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Nil Rs.150
Reactivation Charges Nil Rs.100
Dematerialisation Charges Rs.10 per certificate Rs.35 per Certificate
Call & Trade Charges Rs.30 per Trade Free

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