Choice Broking Vs Indiabulls
| |Choice Broking Vs Indiabulls is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.
This comparison article also provides a video comparison between Choice Broking Vs Indiabulls so that you get a 360-degree view about which broker to go ahead with.
Choice Broking Vs Indiabulls Comparison
Here is a point by point comparison of Choice Broking Vs Indiabulls.
Indiabulls Ventures is a discount stockbroking house from Indiabulls Group (pivoted from the full-service broking model). Based out of Gurgaon, Indiabulls has a presence in 18 cities of the country with a client base of 7 Lakhs. It is one of the very few stockbrokers that provides zero brokerage unlimited trading plans to its clients.
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 will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Discount brokers such as Indiabulls Ventures offer trading services at much cheaper brokerage rates and reasonable customer service.
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 Indiabulls 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 Vs Indiabulls 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.
Indiabulls Ventures Review | Choice Broking Review | |
OVERVIEW | ||
Broker Type | Full Service Broker | Full Service Broker |
Incorporated In the Year | 2000 | 2010 |
Number of branches across India | 150 | 75 |
Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX, MCX-SX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹450 | ₹200 + ₹500 for PoA |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹450 (Free 1st Year) | ₹0 |
Transaction Charges | Indiabulls Transaction Charges | Choice Broking Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.01% | 0.2% |
Intraday Delivery | ₹15 per executed order or 0.01% (whichever is lower) | 0.02% |
Equity Futures | ₹15 per executed order or 0.01% (whichever is lower) | 0.02% |
Equity Options | ₹15 per lot | ₹50 per lot |
Currency Futures | ₹15 per executed order or 0.01% (whichever is lower) | ₹10 per lot |
Currency Options | ₹15 per lot | ₹10 per lot |
Commodity | ₹15 per executed order or 0.01% (whichever is lower) | 0.02% |
Brokerage Calculator | Indiabulls Brokerage Calculator | Choice Broking Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday, & 3 times for Delivery | Upto 10 times for Intraday, 2 times for Delivery |
Equity Futures | Upto 3 times Intraday | 3 times for Intraday |
Equity Options | NA | 2 times for Intraday |
Currency Futures | Upto 3 times Intraday | 2 times for Intraday |
Currency Options | NA | 2 times for Intraday |
Commodities | Upto 3 times Intraday | 3 times for Intraday |
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) | Power Indiabulls, Online Trading, Indiabulls Shubh | ODIN Diet, Choice Index Mobile App, Choice Investica |
Complaints percentage | 0.08% | 0.23% |
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 Indiabulls for the benefits of other readers? Please feel free to share in the comments below.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
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