Compare stock brokers
Share India 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 Share India and Choice Equity Broking. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Share India and Choice Equity Broking.
Overview
Share India are Choice Equity Broking both private companies and Share India operates as a discount broker, while Choice Equity Broking functions as a full service broker. Sachin Gupta co-founded Share India in 1993. And Choice Equity Broking was founded in the year 1992 by Kamal Poddar. Share India's headquarters are in Uttar Pradesh, India and Choice Equity Broking's headquarters are in Mumbai, Maharashtra.
Share India operates as a discount broker, while Choice Equity Broking functions as a full service broker. Share India is registered in NSE, BSE, and RSE, while Choice Equity Broking is registered in BSE, NSE, MCX, NCDEX, ICDEX. The total branches of Share India are 729 and the Choice Equity Broking branches are 50.
| Overview | Share India | Choice Equity Broking |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Uttar Pradesh, India | Mumbai, Maharashtra |
| Founders | Sachin Gupta | Kamal Poddar |
| Foundation Year | 1993 | 1992 |
| Supported Exchanges | NSE, BSE, and RSE | BSE, NSE, MCX, NCDEX, ICDEX |
| Total branches | 729 | 50 |
Share India 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 Share India charging Zero 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 Share India Demat account is Rs.300 per Annum and for the Choice Equity Broking Demat account is Free. The Trading AMC for Share India 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 Share India and Choice Equity Broking is CDSL.
| Account Opening and Demat Charges | Share India | Choice Equity Broking |
|---|---|---|
| Trading Account Opening Charges | Zero | Rs.250 |
| Demat AMC (Annual Maintenance Charges) | Rs.300 per Annum | Free |
| Trading AMC (Annual Maintenance Charges) | Rs.300 per Annum | Free |
| Margin Money | Rs.10,000 | Minimum Rs.5,000 |
| Offline to Online Charges | Rs.100 | Yes |
| Depository | CDSL | CDSL & NSDL |
Share India 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 Share India is Zero Brokerage, 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 Share India is 0.03% 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. Share India charge 0.03% 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, Share India charges Rs.20 per executed order, and Choice Equity Broking charges Rs.20 per Lot.
| Equity Brokerage Charges | Share India | Choice Equity Broking |
|---|---|---|
| Equity Delivery Brokerage | Zero Brokerage | 0.33% |
| Equity Intraday Brokerage | 0.03% | 0.03% |
| Equity Futures Brokerage | 0.03% | 0.03% |
| Equity Options Brokerage | Rs.20 per executed order | Rs.20 per Lot |
Share India 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 Share India is 0.04% 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. Share India charges 0.04% for currency options, whereas Share India charges Rs.30 per Lot.
| Currency Brokerage Charges | Share India | Choice Equity Broking |
|---|---|---|
| Currency Futures Brokerage | 0.04% | 0.03% |
| Currency Options Brokerage | 0.04% | Rs.30 per Lot |
Share India 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. Share India charges 0.04% for commodity trading, while Choice Equity Broking charges 0.03%.
| Commodity Brokerage Charges | Share India | Choice Equity Broking |
|---|---|---|
| Commodity Options Brokerage | 0.04% | 0.03% |
Share India and Choice Equity Broking Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Share India levies a minimum brokerage fee of Rs.10 Per Order, while Choice Equity Broking charges Percentage of Transacton brokerage fee.
Transaction Brokerage Charges: Share India levies a transaction brokerage charge of 0.00325% of Total Turnover, 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 Share India is 0.0002% of Total Turnover and for Share India 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 Share India 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. Share India charges Rs.50 per order placed through a dealer at Share India and Choice Equity Broking charges Rs 0 (Free).
| Other Brokerage Charges | Share India | Choice Equity Broking |
|---|---|---|
| Minimum Brokerage Charges | Rs.10 Per Order | Percentage of Transacton | Transaction Brokerage Charges | 0.00325% of Total Turnover | 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 | Rs.50 per order placed through a dealer at Share India | Rs 0 (Free) |
Share India 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 Share India is up to Upto 5x and by Choice Equity Broking it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Share India is up to Upto 3x and by Choice Equity Broking it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Share India is up to Upto 10x and by Choice Equity Broking it is up to Upto 1x.
Equity Options: Leverage for Equity Options by Share India is up to Upto 10x and by Choice Equity Broking also, it is up to Upto 5x.
| Equity Leverage | Share India | Choice Equity Broking |
|---|---|---|
| Equity Delivery | Upto 5x | Upto 3x | Equity Intraday | Upto 3x | Upto 5x | Equity Futures | Upto 10x | Upto 1x | Equity Options | Upto 10x | Upto 5x |
Share India and Choice Equity Broking Currency Leverage
The currency futures leverage provided by Share India is up to Upto 10x, while for Choice Equity Broking it is up to Upto 2x.
The currency options leverage provided by Share India is up to Upto 10x, while for Choice Equity Broking it is up to Upto 6x.
| Currency Leverage | Share India | Choice Equity Broking |
|---|---|---|
| Currency Futures | Upto 10x | Upto 2x | Currency Options | Upto 10x | Upto 6x |
Share India and Choice Equity Broking Commodity Leverage
The commodity leverage provided by Share India is up to Upto 10x, while for Choice Equity Broking it is up to Upto 1x.
| Commodity Leverage | Share India | Choice Equity Broking |
|---|---|---|
| Commodity | Upto 10x | Upto 1x |
Share India 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 | Share India | Choice Equity Broking |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | Yes | Flexible Plans | Yes | No | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | Yes | Holiday Offers | No | No | Referral Program | No | Yes | Zero Brokerage on Loss Trades | No | No |
Share India and Choice Equity Broking Features
Equity Trading: Share India 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: Share India and Choice Equity Broking also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Share India and Choice Equity Broking broker is that you can also invest in IPOs. Share India also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Share India offers trading exposure of up to Upto 10x, 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 Share India 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. Share India and Choice Equity Broking also allow you to trade in forex trading.
| Features | Share India | 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 10x | Upto 5x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Share India 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. Share India 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 | Share India | 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 |
Share India 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. Share India 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 | Share India | Choice Equity Broking |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | No |
Share India and Choice Equity Broking Mobile Trading Platforms
Share India and Choice Equity Broking offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Share India | Choice Equity Broking |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | Yes | No |
Share India 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. Share India 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 | Share India | Choice Equity Broking |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | Yes | No |
| Email Support | Yes | Yes |
| Chat Support | Yes | No |
| Toll free number | Yes | No |
| Support Branches | 16 | 480 |
Share India 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 Share India and Choice Equity Broking registered and resolved complaints.
For Share India, the Percentage of resolved BSE complaints is 100.00 % 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 Share India is better than Choice Equity Broking in case of resolving customer complaints.
| BSE Complaints | Share India | Choice Equity Broking |
|---|---|---|
| BSE Complaints | 11 | 2 |
| BSE Resolved Complaints | 11 | 2 |
| Percentage of resolved BSE complaints | 100.00 % | 100.00 % |
| NSE Complaints | 6 | 15 |
| NSE Resolved Complaints | 6 | 15 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 100.00 % |
Frequently Asked Questions
Is Share India better than Choice Equity Broking?
Share India is a discount broker and Choice Equity Broking is a full service broker. 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 Share India?
Choice Equity Broking is a full service broker and Share India is a discount broker. 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 Share India and Choice Equity Broking?
The brokerage charges for Share India are on the cheaper side since it is a discount broker, while Choice Equity Broking is a full-service broker. 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, Share India and Choice Equity Broking?
To figure out which of the two stockbrokers, Share India and Choice Equity Broking, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Share India with other stock brokers
Visit the following pages to see a detailed comparision report of Share India 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.