Compare stock brokers
Goldmine Stocks vs. Choice Equity Broking
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Goldmine Stocks and Choice Equity Broking. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Goldmine Stocks and Choice Equity Broking.
Overview
Goldmine Stocks are Choice Equity Broking both private companies and both are full service broker as well. Bhavin Magdani co-founded Goldmine Stocks in 1994. And Choice Equity Broking was founded in the year 1992 by Kamal Poddar. Goldmine Stocks's headquarters are in Ahmedabad, Gujarat and Choice Equity Broking's headquarters are in Mumbai, Maharashtra.
Goldmine Stocks and Choice Equity Broking both are full service broker as well. Goldmine Stocks is registered in NA, while Choice Equity Broking is registered in BSE, NSE, MCX, NCDEX, ICDEX. The total branches of Goldmine Stocks are Nil and the Choice Equity Broking branches are 50.
| Overview | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Ahmedabad, Gujarat | Mumbai, Maharashtra |
| Founders | Bhavin Magdani | Kamal Poddar |
| Foundation Year | 1994 | 1992 |
| Supported Exchanges | NA | BSE, NSE, MCX, NCDEX, ICDEX |
| Total branches | Nil | 50 |
Goldmine Stocks and Choice Equity Broking Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Goldmine Stocks charging Rs.330 and Choice Equity Broking charging Rs.250.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Goldmine Stocks Demat account is Rs.250 per Annum and for the Choice Equity Broking Demat account is Free. The Trading AMC for Goldmine Stocks and Choice Equity Broking is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Goldmine Stocks and Choice Equity Broking is CDSL.
| Account Opening and Demat Charges | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Trading Account Opening Charges | Rs.330 | Rs.250 |
| Demat AMC (Annual Maintenance Charges) | Rs.250 per Annum | Free |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.10,000 | Minimum Rs.5,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Goldmine Stocks and Choice Equity Broking Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Goldmine Stocks is 0.15%, while Choice Equity Broking charges you 0.33%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Goldmine Stocks is 0.02% and for Choice Equity Broking also, it is 0.03%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Goldmine Stocks charge 0.02% and Choice Equity Broking charge 0.03% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Goldmine Stocks charges Rs.15 per Lot, and Choice Equity Broking charges Rs.20 per Lot.
| Equity Brokerage Charges | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Equity Delivery Brokerage | 0.15% | 0.33% |
| Equity Intraday Brokerage | 0.02% | 0.03% |
| Equity Futures Brokerage | 0.02% | 0.03% |
| Equity Options Brokerage | Rs.15 per Lot | Rs.20 per Lot |
Goldmine Stocks and Choice Equity Broking Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Goldmine Stocks is 0.02% and for Choice Equity Broking is 0.03%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Goldmine Stocks charges Rs.10 per Lot for currency options, whereas Goldmine Stocks charges Rs.30 per Lot.
| Currency Brokerage Charges | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Currency Futures Brokerage | 0.02% | 0.03% |
| Currency Options Brokerage | Rs.10 per Lot | Rs.30 per Lot |
Goldmine Stocks and Choice Equity Broking Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Goldmine Stocks charges 0.02% for commodity trading, while Choice Equity Broking charges 0.03%.
| Commodity Brokerage Charges | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Commodity Options Brokerage | 0.02% | 0.03% |
Goldmine Stocks and Choice Equity Broking Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Goldmine Stocks levies a minimum brokerage fee of Percentage of Transaction, while Choice Equity Broking charges Percentage of Transacton brokerage fee.
Transaction Brokerage Charges: Goldmine Stocks levies a transaction brokerage charge of 0.00325%, while Choice Equity Broking charges 0.0000285.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Goldmine Stocks is 0.0002% of Total Turnover and for Goldmine Stocks is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Goldmine Stocks are 0.0126% of Total Turnover, while for Choice Equity Broking, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Goldmine Stocks charges NA and Choice Equity Broking charges Rs 0 (Free).
| Other Brokerage Charges | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transacton | Transaction Brokerage Charges | 0.00325% | 0.0000285 | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 0 (Free) |
Goldmine Stocks and Choice Equity Broking Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Goldmine Stocks is up to Upto 2x and by Choice Equity Broking it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Goldmine Stocks is up to Upto 6x and by Choice Equity Broking it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Goldmine Stocks is up to Upto 4x and by Choice Equity Broking it is up to Upto 1x.
Equity Options: Leverage for Equity Options by Goldmine Stocks is up to Upto 5x and by Choice Equity Broking also, it is up to Upto 5x.
| Equity Leverage | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 3x | Equity Intraday | Upto 6x | Upto 5x | Equity Futures | Upto 4x | Upto 1x | Equity Options | Upto 5x | Upto 5x |
Goldmine Stocks and Choice Equity Broking Currency Leverage
The currency futures leverage provided by Goldmine Stocks is up to Upto 4x, while for Choice Equity Broking it is up to Upto 2x.
The currency options leverage provided by Goldmine Stocks is up to Upto 3x, while for Choice Equity Broking it is up to Upto 6x.
| Currency Leverage | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Currency Futures | Upto 4x | Upto 2x | Currency Options | Upto 3x | Upto 6x |
Goldmine Stocks and Choice Equity Broking Commodity Leverage
The commodity leverage provided by Goldmine Stocks is up to Upto 2x, while for Choice Equity Broking it is up to Upto 1x.
| Commodity Leverage | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Commodity | Upto 2x | Upto 1x |
Goldmine Stocks and Choice Equity Broking Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | Yes | Flexible Plans | No | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | Yes | Holiday Offers | Yes | No | Referral Program | No | Yes | Zero Brokerage on Loss Trades | No | No |
Goldmine Stocks and Choice Equity Broking Features
Equity Trading: Goldmine Stocks and Choice Equity Broking brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Goldmine Stocks and Choice Equity Broking also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Goldmine Stocks and Choice Equity Broking broker is that you can also invest in IPOs. Goldmine Stocks also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Goldmine Stocks offers trading exposure of up to Upto 6x, while Choice Equity Broking gives up to Upto 5x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Goldmine Stocks and Choice Equity Broking, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Goldmine Stocks and Choice Equity Broking also allow you to trade in forex trading.
| Features | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 5x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Goldmine Stocks and Choice Equity Broking Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Goldmine Stocks and Choice Equity Broking offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Goldmine Stocks and Choice Equity Broking Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Goldmine Stocks and Choice Equity Broking offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | No |
Goldmine Stocks and Choice Equity Broking Mobile Trading Platforms
Goldmine Stocks and Choice Equity Broking offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Goldmine Stocks and Choice Equity Broking Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Goldmine Stocks and Choice Equity Broking give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| Relationship Manager | No | No |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 283 | 480 |
Goldmine Stocks and Choice Equity Broking Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Goldmine Stocks and Choice Equity Broking registered and resolved complaints.
For Goldmine Stocks, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Choice Equity Broking, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Goldmine Stocks is better than Choice Equity Broking in case of resolving customer complaints.
| BSE Complaints | Goldmine Stocks | Choice Equity Broking |
|---|---|---|
| BSE Complaints | 0 | 2 |
| BSE Resolved Complaints | 0 | 2 |
| Percentage of resolved BSE complaints | NaN % | 100.00 % |
| NSE Complaints | 3 | 15 |
| NSE Resolved Complaints | 3 | 15 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 100.00 % |
Frequently Asked Questions
Is Goldmine Stocks better than Choice Equity Broking?
Goldmine Stocks and Choice Equity Broking are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Choice Equity Broking better than Goldmine Stocks?
Choice Equity Broking and Goldmine Stocks are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Goldmine Stocks and Choice Equity Broking?
Goldmine Stocks and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Goldmine Stocks and Choice Equity Broking?
To figure out which of the two stockbrokers, Goldmine Stocks and Choice Equity Broking, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Goldmine Stocks with other stock brokers
Visit the following pages to see a detailed comparision report of Goldmine Stocks with other brokerage firms.
Compare Choice Equity Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Choice Equity Broking with other brokerage firms.