Want to see what experts have to say about the Choice Broking review? Well, you have come to the right place, with over 2.6 lakh customers, Choice Broking is a full-service broker.

Based in Mumbai and founded by Kamal Poddar in 2010, this brokerage firm stands out for its free account opening charges.

So if you are wondering about investing in the stock market, maybe you should give Choice Broking a quick try. Explore the benefits of choice brokering and get more details.

Broker Type Full Service Broker
Active Clients 2.6 Lakh+
Account Opening Charges Free
AMC Rs. 200 – Rs. 3000 (First year free)
Delivery Charges 0.2% of transaction value
Intraday Charges 0.02% on transaction value

Choice Broking - Company Overview

Company Type

Private

Headquarters

Mumbai

Founder

Kamal Poddar

Establishment Year

2010

Why trade or invest with Choice Broking?

  • Firstly, Choice Broking is a SEBI-registered full-service broker. This ensures that the broker complies with regulatory standards.
  • Over 2.6 lakh users trust Choice Broking for their trading and investment needs, reflecting the company’s reliable image.
  • Also, Choice Broking has been around since 2010 and is reliable in this business. As a result, it brings years of experience and expertise to the table.
  • Not only that, but you can also enjoy the benefit of the lowest brokerage charges, starting at just 0.02% of the transaction value, allowing you to optimize your profits.
  • Plus, Choice Broking gives access to various tradeable goods. When you set up a Choice Broking trading account, you gain the freedom to look into multiple investment options for risk diversification.

Choice Broking Brokerage Charges

Brokerage Plan

Standard Plan

Subscription Charges

Zero

Equity Delivery

0.2% of Transaction Value

Equity Intraday

0.02% of Transaction Value

Equity Future

0.02% of Transaction Value

Equity Option

Rs.25 per lot

Commodity Future

0.02% of Transaction Value

Commodity Option

Rs.50 per lot

Currency Future

0.02% of Transaction Value

Currency Option

Rs.20 per lot

Let’s take a look at Choice Broking’s brokerage charges. The best part is that there are zero subscription charges, making it accessible for all.

Brokerage fees for equities delivery are 0.2% of the total transaction value.

At the same time, equity intraday trades and equity futures contracts attract 0.02% of the trade value as part of brokerage charges.

However, it’s a fixed rate of Rs.25 per lot for the equity option. Now let’s talk about commodity futures, where the brokerage fee is 0.02% of the total sum of the transaction.

For the commodity option, it’s Rs.50 per lot. Currency Future also levies a brokerage fee equal to 0.02% of the total amount of each transaction. Lastly, for the currency option, it’s Rs.20 per lot.


Choice Broking Calculator

Calculate Brokerage Charges of Choice Broking.

Here's a sample Zerodha calculation.

Change the options below to calculate Zerodha brokerage.

Brokerage Charges
₹ 00.000
Brokerage Charges
00.000
Brokerage Charges
₹ 00.000

How do I open a Choice Broking Demat account?

To begin, there is no cost linked to activating a new account, which makes the process a little easier for first-time investors.

Let’s move to the main part now. Opening a Choice Broking Demat Account is a simple and hassle-free process. Here’s how you can do it:

  1. Use the given form to connect with the broker.
  2. Next, provide the required documents, such as identity proof, address proof, a PAN card, and bank details.
  3. Fill out the online account opening form or submit the physical form, ensuring accuracy and completeness.
  4. Lastly, complete the verification process online.
  5. You can quickly set up a Choice Broking Demat Account by going through all the steps outlined in this guide. But please do read other instructions carefully.

Types of Choice Broking App, Trading Platforms & Tools

Web Trading Platform

Trading Terminal

NA

Algo Trading Platform

NA

Foreign Stocks Trading Platform

NA

Basket Trading Platform

NA

Mutual Fund Investment Platform

NA

Digital Gold Investment Platform

NA

Bonds Investment Platform

NA

To begin with, the Choice Broking Review offers a range of choices to cater to the diverse needs of traders. Let’s explore them further:

Choice Broking App: Accessible on both iOS and Android devices, this user-friendly app provides a convenient and intuitive platform for trading.

With its easy-to-use interface, traders can execute trades, monitor market trends, and manage their investments on the go.

Choice Broking Web: The web-based trading platform FinX (formerly called Jiffy) offers a complete set of features and tools for all-in-one trading.

Traders can easily place orders, access real-time market data, analyze charts, and track their portfolios, all within a web browser.

Choice Broking App, Trading Platforms & Tools - Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

Yes

Online MF Buy

No

Research Reports

Yes

Global indices

No

Customised Recommendations

Yes

Stock tips

Yes

Interactive charts

Yes

Live market

Yes

Multi Profile Management

No

Robust & Secure Platform

Yes

Here is the list of various platforms provided by Choice Broking & Learn about some ultimate features of these fantastic tools here.

Choice Broking App

Curated stock market baskets: The Choice Broking App allows you to explore and invest in curated stock market baskets.

These baskets are carefully designed portfolios of stocks based on specific themes, sectors, or investment strategies.

Mutual fund investment: You can seamlessly invest in mutual funds.

Since the app gives you access to numerous mutual fund schemes, you can pick one that best suits your financial objectives and level of familiarity.

Advanced Charts: The app’s advanced charting tools allow you to study market patterns more in-depth as you execute cautious trades.

You can view different chart types, apply technical indicators, and study price patterns to identify potential entry and exit points.

Push Notification: Stay updated with real-time market movements and vital events through push notifications.

The app sends timely alerts and notifies clients to keep them informed about market news, price alerts, order status, etc.

Real-time updates: The application offers live updates on a variety of market data, including stock prices, market indices, and other related data.

You can track the performance of your investments, monitor market trends, and make informed decisions.

Choice Broking Web Trading Platform

Wishlist: You should reconsider a few assets for the future. That’s why Choice Broking allows you to create a wishlist of stocks or trading instruments to track and monitor closely.

Real-time updates: The platform offers real-time updates on stock prices and market indices.

Portfolio details: Moreover, you can easily access complete portfolio details, including quantity, market value, and unrealized gains or losses.

Research reports: The platform offers in-depth research reports to deliver valuable insights into specific stocks or market trends.

Customized recommendations: You receive personalized data based on your investment preferences and risk profile.

Stock tips: Besides, you can access expert stock tips and market insights to make informed trading decisions.

Interactive charts: Finally, the website has interactive graphics where users may interact with data to better grasp market movements and indications.

Choice FinX App

Firstly, let’s explore the Choice FinX App. This mobile application offers a range of trading tools and features.

You can use the Choice FinX App on iOS and Android devices for convenient trading on the go.

Take advantage of advanced order types such as limit orders, stop-loss orders, and trailing stop orders, which provide greater flexibility in executing your trades.

However, mobile notifications add a notable perk.

Choice FinX Web

Now, let’s move on to ChoiceFinX Web, the web-based trading platform. This platform offers a user-friendly interface and a complete set of tools.

The platform offers research reports and tailored advice to help its users make wise trading choices.

Both App and Finx Web are re-defined versions of Jiffy, the broker’s former trading software.

Choice Broking Offers

Free Account Opening

Yes

Free AMC

No

Free Brokerage

No

Flat Brokerage

No

Flexible Brokerage Plans

No

Happy Trading Hours

No

Free Delivery Trading

No

Free Intraday Trading

No

Free F&O Trading

No

Free Research Reports

No

Free Trading calls

No

Referral Offers

Upto Rs. 100 per Client

Margin Funding / Pledging

Yes

Brokerage Cashback

No

Zero Brokerage for Loss Making Trades

No

Choice Broking offers several benefits to its clients. Firstly, it provides free account opening, making it quick for newcomers to start their trading journey.

Also, referral offers are available, allowing clients to earn up to Rs.100 per referral.

Moreover, Choice Broking offers margin funding and pledging options, providing clients with elasticity in their trading activities.

Such offers enrich the whole trade experience and create value for customers.


Choice Broking SWOT Analysis

Here is a detailed SWOT Analysis on Choice Broking. Check this analysis to determine whether to trade or invest with this broker.

Strength

  • Firstly, the brand has won the trust of over 2.6 lakh clients, which is a big number.
  • The broker charges zero for new members, and account opening is free.
  • The broker even features multiple trading assets, which is a plus.
  • Brokerage is pretty low for some assets.
  • Choice Broking is experience-driven, having worked since 2010.

Weakness

  • Comparatively, a lesser-known brand in this market
  • Option trading charges are high.
  • Absence of algo trading and mutual fund platforms

Opportunities

  • Firstly, the broker can introduce an MF option for clients who seek a safer alternative.
  • By reducing charges for options trading, the broker can reap competitive benefits. The brokerage for other assets is, however, less.
  • It could be an all-in-one solution if it includes digital gold and foreign stocks in its collection.

Threat

  • The broker is focusing less on marketing itself.
  • Secondly, the physical locations of Choice Broking are less
  • Changes in government regulation and policies can impact the stockbroker.

Check out Business Opportunities with Similar Brands

Choice Broking Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

Yes

Commodity Future

Yes

Currency Option

Yes

Currency Future

Yes

Foreign Stocks

No

Mutual Funds

No

Insurance

Yes

Corporate Bonds

No

Govt. Bonds

No

Digital Gold

No

Choice Broking Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

No

3 in 1 Account

No

Stock Research

Yes

Stock Recommendations

Yes

Trading Institution

No

Share Pledging

Yes

PMS or PCG

No

NRI Services

No

Choice Broking Research & Advisory

Fundamental Reports

Yes

Research Reports

Yes

Company Reports

Yes

Annual Reports

Yes

IPO Reports

No

Technical Reports

No

Stock Tips

Yes

Daily Top Stock Picks

Yes

Daily Market Review

No

Monthly Review

Yes

Weekly Review

No

Relationship Manager

Yes

Robo Advisory

No

Choice Broking offers its customers a diverse selection of research tools. You can also access these tools soon after you open Choice Broking Trading Account.

The company provides fundamental reports, research reports, and company reports. Additionally, clients have access to annual reports that provide in-depth analyses of companies.

In order to assist customers, the platform offers stock suggestions and daily highlights of the top stock picks.

Furthermore, Choice Broking provides a monthly review to keep clients updated on market developments.

Clients can also benefit from a dedicated relationship manager who can provide personalized guidance and support.

Choice Broking Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x

  • When it comes to equity delivery, you have the power of 1x leverage at your fingertips.
  • Choice Broking provides unusual leverage of up to 5x for clients who want to participate in intraday trading on the equity market.
  • Remember, the leverage you can enjoy depends on your chosen stocks.
  • When dealing with equity futures and options carried forward, the Choice Broking margin is 1x.
  • Similarly, in equity futures and options, get ready to enjoy a margin of 1.3x.
  • For commodity futures and options carried forward, the margin stands at 1x, while for intraday trading, it increases slightly to 1.3x.

Choice Broking Review - Programs

Sub Broker Program

Yes

Partner Program

Yes

Referral Program

Yes

Choice Broking Review & Rating by Finec.in

Overall Rating

8.63 / 10

Customer Support

8.59 / 10

Technology

8.73 / 10

Charges

8.66 / 10

Products & Service

8.58 / 10

Experience

8.56 / 10

Check out Business Opportunities with Similar Brands

Choice Broking Customer Support

Trading Support

Available, Free

Dedicated Dealer

Available, Free

Call Support

022-67079999

Email Support

customercare@choiceindia.com

Whatsapp Support

NA

Website Support

Facebook Support

Twitter Support

Telegram Support

Branches / Offices

Available

Choice Broking provides brilliant customer support to assist you throughout your trading journey.

For trading support, a dedicated team is available to help you navigate the markets and answer your queries, all free of charge.

Do you need prompt assistance? You can reach Choice Broking Customer Care Support at 022-67079999. Their team is ready to address your concerns and provide timely solutions.

For non-urgent inquiries, you can also rely on their email support. Email to customercare@choiceindia.com, and their responsive team will promptly assist you.

Choice Broking Complaints & Feedback

Total Complaints Lodged

78

Total Complaints Resolved

69

% of Resolved Complaints

88.46%

Non Actionable Complaints

6

% of Non Actionable Complaints

7.69%

Choice Broking has received a total of 78 complaints, of which 69 have been resolved well. It reflects an impressive resolution rate of 88.46%.

Additionally, there have been six non-actionable complaints, which account for 7.69% of the total.

Choice Broking takes customer complaints seriously and strives to address them promptly, ensuring a satisfactory trading experience for its clients.

No doubt, your Choice Broking complaints will be given prompt attention.


Choice Broking Charges

Choice Broking offers a transparent and competitive fee structure when it comes to charges.

Under their Standard Plan, you feel relief from Choice Broking Account Opening Charges, making it easier to start.

For equity delivery, the brokerage charge is 0.2% of the transaction value. Trading stocks intraday incurs a brokerage fee of 0.02% of the trade’s value. It allows you to seize short-term opportunities without incurring high costs.

In equity futures, equity options, and commodity futures, the brokerage charge remains consistent at 0.02% of the transaction value, enabling you to explore the markets easily.

For Equity Options and Commodity Options, a fixed charge of Rs. 25 per lot and Rs. 50 per lot is visible.

The brokerage fee stands at 0.02% of the total transaction value if you are trading currency futures and options. Please consider Choice Broking’s hidden charges as well.

Choice Broking Account Opening Charges

Account Opening Charges

Free

Annual Maintenance Charges (AMC)

Rs.200 - Rs.3000 (First year free)

Choice Broking STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.0625% on sell (on premium)

Commodity Future

0.05% on sell side

Commodity Option

0.05% on sell

Currency Future

Nil

Currency Option

Nil

Choice Broking Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

0.002% on buy

Commodity Option

0.003% on buy

Currency Future

0.0001% on buy

Currency Option

0.0001% on buy

Choice Broking Transaction Charges

Equity Delivery

0.00325% (NSE & BSE)

Equity Intraday

0.00325% (NSE & BSE)

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.053% (on premium)

Commodity Future

0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)

Commodity Option

0.05% (Non Agri)

Currency Future

0.0009% (NSE) & 0.00025% (BSE)

Currency Option

0.037% (NSE) & 0.001% (BSE)

Choice Broking Pledge Charges

Pledge Creation Charges

Rs.50 per Request or 0.02% of Value (whichever is higher)

Pledge Invocation Charges

Rs.100 per Request or 0.05% of Value (whichever is higher)

Interest on Margin Trading

0.05% per day

Choice Broking Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.10 per Scrip on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

Rs.10 per certificate

Call & Trade Charges

Rs.30 per Trade


Choice Broking Review – Conclusion

Choice Broking offers many services and features, making it a competitive choice for traders. With flexible margins or leverage, dedicated customer support, and a transparent fee structure.

The Choice Broking Review says the firm aims to provide a seamless trading experience. Their impressive resolution rate for clients’ queries is an added advantage.

Choice Broking is devoted to helping you achieve your financial goals and satisfy all of your trading demands, regardless of how much experience you have as a trader.


FAQs on Choice Broking

Here are various FAQs related to Choose Broking Review.

Is Choice Broking a Safe Broker?

Choice Broking ensures the safety of client investments through various security measures and compliance with SEBI’s regulatory guidelines.

Is Choice Broking Good for Beginners?

Yes. Choice Broking offers user-friendly platforms and educational resources, making it suitable for beginners.

How many active clients does Choice Broking have?

The exact number of active clients at Choice Broking is subject to change as the broker grows popular. Currently, the broker serves more than 2.6 lakh clients in its network.

Who is the founder of Choice Broking?

Kamal Poddar founded Choice Broking, an online stock broking platform.

Does Choice Broking provide free delivery?

No Choice Broking doesn’t provide free delivery. Delivery charges amount to 0.2% of the transaction value. Similarly, other charges are extra.

What are intraday trading charges in Choice Broking?

Folks willing to be intraday traders at Choice Broking may find it great. The broker charges 0.02% of the transaction value for intraday trading, which is comparatively less.

What are Choice Broking’s F&O charges?

Yes. Choice Broking levies charge on F&O trading. For example, if you are trading equity futures, you pay 0.02% of the transaction value. Similarly, charges on equity options are Rs 25 per lot.

Does Choice Broking charge for commodity trading?

Yes. The online stock broker charges for commodity trading. But it depends on the choice of assets; commodity future charges are 0.02% of the transaction value.

Similarly, commodity option charges are Rs.50 per lot.

Does Choice Broking charge for currency trading?

Surprisingly, users can even trade currencies at Choice Broking. But betting is available only for futures and options.

The currency futures charges are 0.02% of the trans value. Similarly, currency option charges are Rs.20 per lot.

Does Choice Broking provide research?

Yes. Choice Broking offers research services to assist clients in making the right decision and grant them clarity of mind.

For instance, the service covers live market research, trading research, chart research, etc.

How do I contact Choice Broking Customer Care?

In case you ever run into trouble while using the Choice Broking platform, feel free to contact the team.

In short, you can contact them using their phone number, 022-67079999, or you can get help from email support at customercare@choiceindia.com.

How much is AMC at Choice Broking?

Luckily, traders and investors are given ample time to review and rate Choice Broking. But after one year, they will be charged Rs.200 – Rs.300/year for account maintenance.

What are account opening fees in Choice Broking?

Choice Broker wants more and more people to test, review, and use its broking services. Thus, the broker keeps its account free and open to the public.

What are pledge creation charges in Choice Broking?

Fees for creating a pledge are currently set at Rs.50 per request or 0.02% of the value (whichever is greater).

How much are pledge invocation fees in Choice Broking?

It costs Rs.100 for each invocation of a pledge, or 0.05% of the amount, whichever is more.

Does Choice Broking levy any interest on margin trade funding?

Choice broking interest on margin trading is 0.05% per day.

What are DP charges in Choice Broking?

Choice Broking’s DP charges are Rs.10 per scrip on sale.

Does Choice Broking levy any account closure fees?

Luckily, Choice Broking doesn’t levy account closure fees, putting off the fear that you will be charged again if you attempt to leave the broker.

What are account reactivation fees in Choice Broking?

If you have left the broker but want to join it again, feel free to move forward. Account reactivation is free.

What are call and trade charges in Choice Broking?

In choice broking, the per-transaction call and trade fees amount to Rs.30.


 

Customer ratings and reviews of Choice Broking

Invest with Zero Brokerage Now!Open Demat Account