Looking for Low Brokerage, High Margin & Free Tips?
Choice Broking Vs ICICI Direct
| | Broker Comparison, Trading | No Comments
Choice Broking Vs ICICI Direct comparison here talks about the differences between these two stockbrokers in terms of multiple aspects. If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
Choice Broking Vs ICICI Direct Comparison
Here is a point by point comparison of Choice Broking Vs ICICI Direct.
ICICI Direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers, ICICI Direct is the biggest retail full-service stockbroker company in India.
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 ICICI Direct 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 ICICI Direct 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
Choice Broking or ICICI Direct Details
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 stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Choice Broking Review | ICICI Direct Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 2010 | 2000 |
| Number of branches across India | 75 | 154 |
| Exchanges | NSE, BSE, MCX, MCX-SX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹200 + ₹500 for PoA | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
| Transaction Charges | Choice Broking Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.2% | 0.55% |
| Intraday Delivery | 0.02% | 0.275% |
| Equity Futures | 0.02% | 0.03% to 0.05% |
| Equity Options | ₹50 per lot | ₹35 to ₹95 per lot |
| Currency Futures | ₹10 per lot | 0.03% to 0.05% |
| Currency Options | ₹10 per lot | ₹10 to ₹25 per lot |
| Commodity | 0.02% | NA |
| Calculate Brokerage | Choice Broking Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, 2 times for Delivery | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | 3 times for Intraday | Upto 4 times for intraday |
| Equity Options | 2 times for Intraday | NA |
| Currency Futures | 2 times for Intraday | NA |
| Currency Options | 2 times for Intraday | NA |
| Commodities | 3 times for Intraday | NA |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | |  |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| 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) | ODIN Diet, Choice Index Mobile App, Choice Investica | TraderRacer |
| Complaints percentage | 0.23% | 0.02% |
| OVERALL RATING |  |  |
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 ICICI Direct for the benefits of other readers? Please feel free to share in the comments below.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
In case you are looking to open a Demat account, get started by entering basic details below:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Choice Broking Vs ICICI Direct
Overall Rating
