Interactive Brokers Vs Composite Edge – Share Brokers Comparison
Interactive Brokers Vs Composite Edge
Here is a point by point comparison of Interactive Brokers Vs Composite Edge. Composite Edge started way back in 1994 but recently pivoted to discount broking few years back. Based out of Bengaluru, Composite edge is known for its incentivization towards heavy brokers with its brokerage charges getting lower for heavy traders. Interactive Brokers is actually a US based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers limited range of trading and investment products.
Discount brokers such as Composite Edge or Interactive Brokers offer trading services at much cheaper brokerage rates and reasonable customer service. It can become very difficult to decide between two discount brokers who are almost similar in their propositions but still are different in areas that can make or break for customers.
To make things easy for you, we have listed out the comparison between Interactive Brokers Vs Composite Edge 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.
Comparison
Interactive Brokers Review | Composite Edge Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Discount Broker |
Incorporated In the Year | 1977 | 1994 |
Number of branches across India | 1 | 1 |
Exchanges | NSE, BSE | BSE, NSE, MCX-SX and MCX |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Charges | ₹0 | ₹350 |
Trading Account Annual Maintenance Charges | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) | ₹0 |
Demat Account Opening Charges | ₹0 | ₹50 |
Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
Transaction Charges | Interactive Brokers Transaction Charges | Composite Edge Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹6 to ₹20 per executed trade | ₹18 or 0.06% whichever is lower |
Intraday Delivery | ₹6 to ₹20 per executed trade | ₹18 or 0.006% whichever is lower |
Equity Futures | ₹6 to ₹20 per executed trade | ₹18 or 0.006% whichever is lower |
Equity Options | ₹6 to ₹20 per executed trade | ₹18 or 0.006% whichever is lower |
Currency Futures | ₹6 to ₹20 per executed trade | ₹18 or 0.006% whichever is lower |
Currency Options | ₹6 to ₹20 per executed trade | ₹18 or 0.006% whichever is lower |
Commodity | NA | ₹18 or 0.006% whichever is lower |
Brokerage Calculator | Composite Edge Brokerage Calculator | |
EXPOSURE OR LEVERAGE | ||
Equity | 4 times for intraday, 2 times for delivery | Upto 5 times Intraday |
Equity Futures | Upto 3 times Intraday | Upto 3 times for Intraday |
Equity Options | Buying No Leverage, Shorting Upto 3 times | Buying no Leverage, shorting upto 3 times for Intraday |
Currency Futures | Upto 2 times Intraday | Upto 2 times for Intraday |
Currency Options | Buying No Leverage, Shorting Upto 2 times | Buying no Leverage, shorting upto 2 times for Intraday |
Commodities | NA | Upto 2 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) | IB Trader Workstation, IB TWS, IB WebTrader | NOW, Now Online, NSE Mobile |
Total BSE+NSE Complaints | 0.04% | 5 |
OVERALL RATING | ||
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Interactive Brokers Vs Composite Edge for the benefits of other readers. Please feel free to share in the comments below.
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