We all surely do enjoy the profits earned from the stock market; however, making a definite profit is the catch here. You shall see definite profits flowing if your strategy is in line with the Choice Broking Brokerage Charges. Shaping your investment strategy according to the Choice Broking Charges would do the needful.
For basics, you need to know that the company as well as the government levies certain charges. All such charges have to be paid by the investors and are briefly categorized in this article.
|Equity Delivery Trading||0.33%|
|Equity Intraday Trading||0.03%|
|Margin Money||Minimum Rs.5,000|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.55 per Segment|
What are the Choice Broking Brokerage Charges?
|What are the Equity Delivery Charges?||0.33%|
|What are the Equity Intraday Charges?||0.03%|
|What is the brokerage on Equity Futures?||0.03%|
|How much brokerage charged for Equity Options?||Rs.20 per Lot|
|What is the brokerage on Currency Futures?||0.03%|
|What is the brokerage on Currency Options?||Rs.30 per Lot|
|How much brokerage charged for Commodity Trading?||0.03%|
|Brokerage Calculator||Choice Equity Brokerage Calculator|
Charging a fee for the brokerage is the right of every stock broker and they are free to charge a percentage they feel compatible. The figures related to Choice Broking Brokerage Charges are somehow fair according to the industry standards, where the first segment Equity delivery has a charge of 0.33%.
Following are the set of other segments, which are designated with the same charge of 0.03% – Equity Intraday, Equity Futures, Currency Futures, and Commodity. For the last, we have the Options segment, where the Equity Options price is set at Rs.20 per lot, and currency options is set at Rs.30 per lot.
Open Demat Account with Choice Broking Now! – Fill up the Form
What are the Choice Broking Account Opening Charges?
|Account Opening Charges|
|Are there any Trading Account Charges [One Time]?||Rs.399|
|How much is the Trading Account AMC [Yearly]?||Free|
|Are there any Demat Charges [One Time]?||Rs.250|
|How much is the Demat AMC [Yearly]?||Free|
|Is any minimum Margin Money required?||Minimum Rs.5,000|
Choice Broking Account Opening Charges are demanded by the company at the time of account opening. Trading accounts, as well as demat accounts, have 2 different sets of designated charges, and the obligation for payment is imposed upon the investors.
This one-time charge of Rs.399 is levied on the trading account, while the demat account opening charge is Rs.250. Other than the Choice Broking Demat Account Charges, you have no other obligation, which means the company has waived off both the other AMC charges.
Find out Brokerage & Other Charges of Stock Brokers
|HDFC Securities Charges||Paytm Money Charges||Wisdom Capital Charges|
|ICICI Direct Charges||Prabhudas Lilladher Charges||Yes Securities Charges|
|IDBI Direct Charges||Profitmart Charges||Zerodha Charges|
|IIFL Charges||Angel Broking Charges||Sharekhan Charges|
What are the Choice Broking Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||0.00285%|
|What are the Transaction Charges for Equity Intraday?||0.00285%|
|How much are the Transaction Charges for Equity Futures?||0.00285%|
|How much are the Transaction Charges for Equity Options?||0.075% (Premium only)|
|What are the Transaction Charges for Currency Futures?||0.00265%|
|What are the Transaction Charges for Currency Options?||0.075% (Premium only)|
|Any Transaction Charges for Commodity Trading?||0.00285%|
Moving further, the other charge you need to pay is the Choice Broking Transaction Charge. It is clear from the name itself, wherein you need to pay a percentage of the total turnover. Such a charge is catered to from every other transaction you undertake.
A charge of 0.00285% from the turnover has to be paid for segment Delivery, Intraday, Equity Futures, and commodity. On the other front, you have to pay 0.00265% for Currency futures. However, there is a transaction charge of 0.075% (Premium only) upon Equity and Currency Options.
This charge is not a hefty amount and will account for only about a tiny part of your total trade. But, being on the safer side is to stay accountable for it.
What are the other remaining Choice Broking Charges?
|How much are the Transaction Charges levied?||0.0002% of Total Turnover|
|What are the STT charges?||0.0126% of Total Turnover|
|How much is the Stamp Duty levied?||0.002% – 0.004% – Depends on State|
|How is the GST charged?||18% of (Brokerage + Transaction Charges)|
|Any Margin Funding Charges?||18% + GST|
|How much is the Reactivation Charge?||Rs.55 per Segment|
|Any charges for Account Closure?||Rs.50 per Segment|
|What are the Dematerialisation Charges?||Rs.44|
Directing out towards the other company charges, you have to pay certain instance-related charges. Like, if you close your account you have to pay Rs.50 per segment, for contrary reactivation, the charge is Rs.55 per segment. Also, if dematerialization is opted for, you have to pay Rs.44.
If you aren’t aware, you are also obligated to pay Choice Broking Charges / Govt Charges. These government charges comprise transaction charges of 0.0002% of Total Turnover, STT charges of 0.0126% of Total Turnover, Stamp duty differs as per the state and finally, GST accounted for 18% of (Brokerage + Transaction Charges).
Check out the Charges of other Stock Brokers
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|Geojit Finance Charges||Nirmal Bang Charges||Ventura Securities Charges|
|Globe Capital Charges||NJ Wealth Charges||Way2Wealth Charges|
General FAQs on Choice Broking Securities Charges
Let us have a look at the FAQs on Choice Broking Charges:
Does Choice Broking Securities provide fixed brokerage options?
No, the company does not stick to a fixed brokerage plan.
Does Choice Broking Securities have different brokerage charges for penny stocks?
No, no separate set of charges is levied on penny stocks.
Can I calculate Choice Broking Securities brokerage even before I place a Trade?
Yes, the prior calculation is facilitated by the brokerage calculator.
Can I calculate Choice Broking Securities margin/limit/exposure?
Yes, for your ease of commutation, a Margin Calculator has been deployed.
Are there any account opening fees by Choice Broking Securities?
Yes, you have the obligation of account opening charge payment.
Is there any AMC levied by Choice Broking Securities?
No, AMC is not levied by the company every year.
Choice Broking Charges – Conclusion
The more you are well versed with the Choice Broking Brokerage Charges, the more you will stay grounded in your finances. You will have a stronghold of managing your finances will be as easy as possible. Also, each of the transactions you commence will bear you definite profits, rather than going in the path of losses.
The company has drafted the Choice Broking Charges keenly, and as a result, you will not pay a huge portion of your profit as charges. The list is long we agree, however, the total account amount will stay a minute.
Open Demat Account with Choice Broking Now! – Fill up the Form
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