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Choice Broking Vs IIFL
| | Broker Comparison, Trading | No Comments
Choice Broking Vs IIFL 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 IIFL Comparison
Here is a point by point comparison of Choice Broking Vs IIFL.
IIFL is a prominent name in Indian full-service broking. It is majorly known for its huge offline presence across the country with more than 4400 branches in 900 cities. IIFL was incorporated in 1995 and today is one of the top three full-service brokers 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 Vs IIFL 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.
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 IIFL 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 IIFL Compare
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 | India Infoline Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 2010 | 1995 |
| Number of branches across India | 75 | 4400 |
| Exchanges | NSE, BSE, MCX, MCX-SX | NSE, BSE, MCX, NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹200 + ₹500 for PoA | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹555 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
| Transaction Charges | Choice Broking Transaction Charges | IIFL Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.2% | 0.50% |
| Intraday Delivery | 0.02% | 0.05% |
| Equity Futures | 0.02% | 0.05% |
| Equity Options | ₹50 per lot | 1% of Premium or Rs.100/- per lot whichever is higher |
| Currency Futures | ₹10 per lot | 0.05% |
| Currency Options | ₹10 per lot | 1% of Premium or Rs.100/- per lot whichever is higher |
| Commodity | 0.02% | 0.05% |
| IIFL Brokerage Calculator | ||
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, 2 times for Delivery | Upto 20 times Intraday & 3 times for Delivery |
| Equity Futures | 3 times for Intraday | Upto 3 times for Intraday |
| Equity Options | 2 times for Intraday | Buying no leverage, Shorting upto 3 times |
| Currency Futures | 2 times for Intraday | Upto 2 times for Intraday |
| Currency Options | 2 times for Intraday | Buying no leverage, Shorting upto 2 times |
| Commodities | 3 times for Intraday | Upto 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) | ODIN Diet, Choice Index Mobile App, Choice Investica | Trader Terminal, IIFL Markets App, Trader Web |
| Complaints percentage | 0.23% | 0.11% |
| 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.
Make sure you understand this difference and then take a call. 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 IIFL for the benefits of other readers? Please feel free to share in the comments below.
If you are looking to open a demat account, let us assist you in taking the next steps forward:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Choice Broking Vs India Infoline (IIFL)
Overall Rating
