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

Find a Comparison of Choice Broking vs Nuvama 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 Nuvama.

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Choice Broking vs Nuvama – Company Overview

Company Overview Choice Broking Nuvama
Company Type Private Private
Headquarters Mumbai Ahmedabad
Founder Kamal Poddar Rashesh Shah
Establishment Year 2010 2008

Compare the Brokerage of Choice Broking and Nuvama

Brokerage Choice Broking Nuvama
Brokerage Plan Standard Plan Lite Plan
Subscription Charges Zero Zero
Equity Delivery 0.2% of Transaction Value Rs.10 per Trade or 0.01% (whichever is low)
Equity Intraday 0.02% of Transaction Value Rs.10 per Trade or 0.01% (whichever is Low)
Equity Future 0.02% of Transaction Value Rs.10 per Trade
Equity Option Rs.25 per lot Rs.10 per Trade
Commodity Future 0.02% of Transaction Value NA
Commodity Option Rs.50 per lot NA
Currency Future 0.02% of Transaction Value Rs.10 executed order
Currency Option Rs.20 per lot Rs.10 per Trade

Choice Broking vs Nuvama – Trading Platforms

Trading Platforms Choice Broking Nuvama
Android App Choice Broking Android App Link Nuvama Android App Link
iOS App Choice Broking iOS App Link Nuvama iOS App Link
Web Trading Platform Choice Broking Web Trading Link Nuvama 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 Nuvama – Trading Features

Trading Features Choice Broking Nuvama
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy No Yes
Research Reports Yes Yes, chargeable
Global indices No Yes
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 Nuvama Offers

Offers Choice Broking Nuvama
Free Account Opening Yes Yes
Free AMC No Yes
Free Brokerage No No
Flat Brokerage No Yes, Limited
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 No
Referral Offers Upto Rs. 100 per Client Upto Rs.1,000 per referral
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Choice Broking vs Nuvama – Products Provided

Products Provided Choice Broking Nuvama
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 No
Govt. Bonds No No
Digital Gold No No
Banking No

Choice Broking vs Nuvama – Services Provided

Services Provided Choice Broking Nuvama
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 Yes
Stock Recommendations Yes Yes
Trading Institution No Yes, Investology
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Choice Broking and Nuvama Advisory

Advisory Choice Broking Nuvama
Fundamental Reports Yes Yes
Research Reports Yes Yes, chargeable
Company Reports Yes Yes
Annual Reports Yes Yes
IPO Reports No Yes
Technical Reports No Yes
Stock Tips Yes Yes
Daily Top Stock Picks Yes Yes
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 Nuvama Exposure

Exposure Choice Broking Nuvama
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 & Nuvama

Programs Choice Broking Nuvama
Sub Broker Program Yes Yes
Partner Program Yes Yes
Referral Program Yes Yes

Choice Broking vs Nuvama – Ratings by Finec

Ratings Choice Broking Nuvama
Overall Rating 8.63 / 10 8.41 / 10
Customer Support 8.59 / 10 8.38 / 10
Technology 8.73 / 10 8.51 / 10
Charges 8.66 / 10 8.45 / 10
Products & Service 8.58 / 10 8.36 / 10
Experience 8.56 / 10 8.34 / 10

Compare Customer Support of Choice Broking and Nuvama

Customer Support Choice Broking Nuvama
Trading Support Available, Free Available, Chargeable
Dedicated Dealer Available, Free Available, Chargeable
Call Support 022-67079999 022-66203030
Email Support [email protected] [email protected]
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 NA

Comparison of Choice Broking & Nuvama Complaints

Complaints Choice Broking Nuvama
Total Complaints Lodged 78 117
Total Complaints Resolved 69 102
% of Resolved Complaints 88.46% 87.18%
Non Actionable Complaints 6 7
% of Non Actionable Complaints 7.69% 5.98%

Compare Demat Charges of Choice Broking vs Nuvama

Demat Charges Choice Broking Nuvama
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Rs.200 – Rs.3000 (First year free) Rs.500 (Free for first year)

Choice Broking vs Nuvama – Compare STT & CTT

STT & CTT Choice Broking Nuvama
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 Nuvama

Stamp Duty Choice Broking Nuvama
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 Nuvama – Transaction Charges

Transaction Charges Choice Broking Nuvama
Equity Delivery 0.00325% (NSE & BSE) 0.00335% (NSE) & As per Stock (BSE)
Equity Intraday 0.00325% (NSE & BSE) 0.00335% (NSE) & As per Stock (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) NA
Currency Option 0.037% (NSE) & 0.001% (BSE) NA

Compare Pledge Charges of Choice Broking & Nuvama

Pledge Charges Choice Broking Nuvama
Pledge Creation Charges Rs.50 per Request or 0.02% of Value (whichever is higher) Rs.7 per Request
Pledge Invocation Charges Rs.100 per Request or 0.05% of Value (whichever is higher) Rs.7 per Request
Interest on Margin Trading 0.05% per day 0.05% per day

Comparison of Choice Broking and Nuvama – Hidden Charge

Hidden Charge Choice Broking Nuvama
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.10 per Scrip on Sell Rs.20 per Scrip
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.18 per Certificate
Call & Trade Charges Rs.30 per Trade Rs.20 per Trade

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