Choice Broking Vs Angel Broking
| |Choice Broking Vs Angel Broking comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Choice Broking Vs Angel Broking Comparison
Here is a point by point comparison of Choice Broking Vs Angel Broking.
Angel Broking, a leading full-service stockbroker, has built a brand of its own thanks to its high tech trading platforms and robo advisory services since its inception in 1987.
In the year of its existence, even Angel Broking hs done quite a bit in the trading technology space including Angel Broking ARQ, Angel Broking Mobile App, Angel Bee and more.
Choice Broking is a Mumbai based full-service stockbroker with a wide range of trading and investment products. Launched in the year 2010, the broker is known for multiple account opening and maintenance level plans providing reasonable flexibility to its clients.
Full-service brokers such as Choice Broking or Angel Broking will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Choice Broking Vs Angel Broking to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover.
Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Choice Broking Vs Angel Broking Compare
Angel Broking Review | Choice Broking Review | |
OVERVIEW | ||
Incorporated In the Year | 1987 | 2010 |
Number of branches across India | 900 | 75 |
Exchanges | BSE, NSE, MCX, MCX-SX | BSE, NSE, MCX, MCX-SX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹200 + ₹500 for PoA |
Trading Account Annual Maintenance Charges | ₹450 | ₹0 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
Transaction Charges | Angel Broking Transaction Charges | Choice Broking Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.2% |
Intraday Delivery | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.02% |
Equity Futures | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.02% |
Equity Options | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | ₹50 per lot |
Currency Futures | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | ₹10 per lot |
Currency Options | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | ₹10 per lot |
Commodity | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.02% |
Calculate Brokerage | Angel Broking Brokerage Calculator | Choice Broking Brokerage Calculator |
TRANSACTION CHARGES | ||
Equity Delivery | 0.00325% | 0.00325% |
Intraday Delivery | 0.00325% | 0.00325% |
Equity Futures | 0.00190% | 0.005% |
Equity Options | 0.05% (on premium) | 0.06% |
Currency Futures | 0.00190% | 0.005% |
Currency Options | 0.05% (on premium) | 0.06% |
Commodity | MCX 0.00150%, NCDEX 0.00300%, MCX-SX 0.0001% | 0.007% |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday Upto 3 times for Delivery | Upto 10 times for Intraday, 2 times for Delivery |
Equity Futures | Upto 4 times for Intraday | 3 times for Intraday |
Equity Options | Upto 3 times for Intraday Selling No Margin for Buying | 2 times for Intraday |
Currency Futures | Upto 2 times for Intraday | 2 times for Intraday |
Currency Options | Upto 2 times for Intraday Selling No Margin for Buying | 2 times for Intraday |
Commodities | Upto 3 times for Intraday | 3 times for Intraday |
Margin | Angel Broking Margin | |
RESEARCH | ||
Daily Market Reports | ||
Tips/Recommendations | ||
Quarterly Analysis | ||
News Alerts | ||
Research | Angel Broking Research | |
TRADING SEGMENTS | ||
Equity | ||
Mutual Funds | ||
IPOs | ||
Currency | ||
Commodity | ||
CUSTOMER SERVICE OPTIONS | ||
Email Support | ||
Live Chat | ||
Phone | ||
Toll Free Number | ||
Offline Branches | ||
Customer Care | Angel Broking Customer Care | |
FEATURES | ||
Mobile Trading | ||
Orders Accepted After Trading Hours | ||
Charting | ||
SMS Alerts | ||
Robo Advisory | ||
Automated Trading | ||
Market Tips | ||
Margin Funding | ||
Relationship Managers | ||
3 in 1 Account | ||
Trading Platform(s) | Angel Broking App, Angel Broking Web (Angel Eye), Speed Pro | ODIN Diet, Choice Index Mobile App, Choice Investica |
Complaints percentage | 0.03% | 0.05% |
Complaints | Angel Broking Complaints | |
OVERALL RATING | ||
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Choice Broking Vs Angel Broking for the benefits of other readers? Please feel free to share in the comments below.
Finally, if you would like to get started with stock market trading or investments in general with a trading and demat account, let us assist you in taking the next steps forward:
Feel free to check out the Hindi version of our website as well.