KR Choksey is rather recognized name in the discount brokerage industry. In fact, they’re even one of the oldest names of this industry.
They operate with licences from exchanges like NSE, BSE, MCX and NCDEX. And, they’ve been satisfactorily granting their services since long.
At present they function out of their Mumbai, Maharashtra based office. In fact, that’s their headquarters to say so. Not to mention that they’ve evolved into a great full-service brokerage house.
Nonetheless, we won’t be discussing about their success story today. On the contrary, we’ll analyse how really good they’ve become. We’ll kay down a detailed review about all their services.
This article even emphasises on the products they have and the charges they incur. And, in doing so, we’ll present to you a reliable source of information to help understand their standpoint in the current financial brokerage industry.
In short, you’ll be able to determine whether to invest with them or not.
|K R Choksey Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Free|
|Margin Required||Minimum Rs.20,000|
What do you know about K R Choksey?
KR Choksey is named after their founder Kisanbhai R Choksey. In fact, he’s the reason for their mere existence. He initiated the company in the year 1979. Mumbai, Maharashtra was chosen to be ground of their foundation.
And, they’ve been functioning from their headquarters in Mumbai ever since. In the past forty years, they’ve evolved as one of the market leaders to state the very least.
They’ve built a strong and sturdy network of franchises and branches across the nation. And, they indulge their clients with the best services through this network.
|About K R Choksey|
|Know few details about them|
|Which type of Company is it? – Public / Private||Public|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of Company Located?||Mumbai, Maharashtra|
|Who is the Founder of this Company?||Kisanbhai R. Choksey|
|When did the company started?||1979|
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What are the various Demat Account Opening Charges levied by K R Choksey?
After hearing all the praise about the company, its obvious to want to get a KR Choksey Demat Account. However, there are other important matters to discuss before we get to that point. We’re trying to imply to understanding the functioning of the company.
Now, this may sound absurd but its important to understand that first. We’re referring to the various charges they incur. And, specifically we want you to know about all the account opening related charges they pursue. They basically charge Rs. 300 for account opening purpose.
They even charge Rs. 450 per annum for the sake of Trading AMC. There are no charges involved for the Demat AMC. However, the clients must have a minimum margin balance of Rs. 20,000. And, all the aforementioned charges can be deposited through CDSL and NSDL.
|K R Choksey Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with them|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs.300|
|How much is the Demat AMC?||Free|
|What is the Trading AMC?||Rs.450 per Annum|
|What is the initial Margin amount required?||Minimum Rs.20,000|
|Is dematerialization available?||Yes|
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Does K R Choksey provide any Offers to their Clients?
As we’ve mentioned above, KR Choksey has been doing this for over 4 decades. and, this means that they have extensive understanding of the industry.
In fact, they’ve been the pioneers of setting several industry trends. Speaking of which, they were one of the first to introduce offers. Today, KR Choksey offer their clients the following:
- It offers facility to opt free Demat account ownership.
- K R Choksey offers facility to acquire huge discount on the brokerage charges.
- Facility to acquire several holiday-based offers.
|KR Choksey Offers|
|Here are the various offers provided by them|
|Does the broker provide Free Demat A/C offer?||Yes|
|Does the broker provide Free Trading A/C offer?||No|
|Is this broker offers Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides flexible brokerage plan?||No|
|Does the broker offer 1 month Free brokerage?||No|
|Is the Holiday offers provided by the broker?||Yes|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss Making Trades||No|
What are the Brokerage Charges levied by K R Choksey on various Segments?
We believe you understand that there are certain charges incurred by KR Choksey. And, these charges do not merely imply to account opening purposes. In fact, the company charges the clients for all sorts of broking services. So, here’s the list of all of KR Choksey’s brokerage charges: –
- This broking house charges 0.22% for rendering Equity Delivery services from the clients.
- They charge 0.02% for rendering Equity Intraday services to their clients.
- It charges 0.02% for rendering Commodity Trading services to their clients.
- KR Choksey charges 0.02% for rendering Equity Futures services to their clients.
- The Company charges 0.02% for rendering Currency Futures services to their clients.
- It chargea Rs. 22 per lot for rendering Equity Options services.
- They charge Rs. 22 per lot for rendering Currency Options services.
- KR Choksey charge Rs. 450 every year for Trading Account maintenance.
- Also, it requires their clients to maintain minimum margin balance at Rs. 20,000.
|KR Choksey Brokerage Charges|
|Here you will find details of brokerage levied by them on all segments|
|What are the Equity Delivery Charges?||0.22%|
|What are the Equity Intraday Charges?||0.02%|
|How much brokerage charged for Commodity Trading?||0.02%|
|What is the brokerage on Equity Futures?||0.02%|
|How much brokerage charged for Equity Options?||Rs.22 per Lot|
|What is the brokerage on Currency Futures?||0.02%|
|What is the brokerage on Currency Options?||Rs.22 per Lot|
|How much is the Minimum Brokerage requires?||Percentage of Transaction|
|What is the Demat AMC?||Free|
|How much is the Trading AMC?||Rs.450 per Annum|
|What is the Minimum Margin Required?||Minimum Rs.20,000|
Does K R Choksey levy any other charges apart from Brokerage?
There are few other charges that KR Choksey incurs other than brokerage. We are talking about the charges related to taxes. Here’s the list of them all: –
- The company charges a transaction fee at 0.00283% of the turnover.
- STT is charges at 0.0126% of the total turnover of clients.
- 0002% charges over total turnover is incurred for SEBI transaction charge.
- 18% GST is applicable on transaction and brokerage charges.
- The clients must even pay a certain amount as stamp duty. This charge, however, depends on varying states.
|KR Choksey Charges|
|Get deep understanding of all other charges levied by it|
|How much is the Transaction Charges levied?||0.00283%|
|What are the STT charges?||0.0126% of Total Turnover|
|What are the SEBI Turnover charges?||0.0002% of Total Turnover|
|How much is the Stamp Duty levied?||Depends on State (very minimal)|
|How are the GST charged?||18% of (Brokerage + Transaction Charges)|
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What is the Limit or Exposure offered by K R Choksey?
KR Choksey is critically focused on the wellbeing of their clients. And, they even walk the extra mile in order to achieve it. And, by the extra mile we mean provision of special benefits. These benefits sometimes are offered as mere discounts. However, the company even grants added leverage on trading. This helps the clients to acquire more stocks for a lower amount. Here’s the list of trading exposure they grant to their clients: –
- KR Choksey’s clients may enjoy upto 2 times exposure on Equity Delivery services.
- Broking house clients may enjoy upto 6 times exposure on Equity Intraday services.
- Its clients may enjoy upto 2 times exposure on Equity Futures services.
- The clients may enjoy upto 5 times exposure on Equity Options services.
- It allows clients to enjoy upto 3 times exposure on Currency Futures services.
- Their clients may enjoy upto 3 times exposure on Currency Options services.
- Company’s clients may enjoy upto 5 times exposure on Commodity Trading services.
|K R Choksey Exposure or Leverage|
|Here you will find the exposure or limit provided by it|
|How much is the limit on Equity Delivery?||Upto 2X|
|What is the limit on Equity Intraday?||Upto 6X|
|How much is the limit on Equity Futures?||Upto 2X|
|What is the limit on Equity Options?||Upto 5X|
|What is the exposure on Currency Futures?||Upto 3X|
|How much is the leverage on Currency Options?||Upto 3X|
|What is the limit on Commodity Trading?||Upto 5X|
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How to Open K R Choksey Demat & Trading Account?
Now that you know all about KR Choksey’s services and charges, it’s time we tell you the next step. We’re referring to the procedure to acquire KR Choksey Demat account. In fact, the same process can be applied to get KR Choksey Trading account. Now, this may seem a bit tough and tricky. But we must tell you that it’s not. In fact, it’s very easy. All you need to do is follow the steps we’ve mentioned below: –
- Step one will be to locate and click on a specific button. We’re referring to a button with ‘Open Demat Account’ inscription on it. You must be able to find it at the end of this section.
- You’ll be taken to step two as soon as you click on the button. You’ll see a new window popping up on your computer screen. In fact, this window will consist of a particular form. You need to fill up this form.
- However, you must go through the entire form before filling it up. Once you do that, you can fill up the form. Do notice to fill in only verifiable information on the form.
- Next you’ll have to submit the form along with a few other documents. we’re talking about the documents to verify your age, address, identity and economic status. You’ll require the following for that matter: –
- A copy of your Voter’s ID Card / Adhaar Card.
- PAN Card copy.
- A photocopy of your bank account statement.
- Once you do it all, you’ll be done with your part. However, the process still continues to carry on. You’ll be contacted by one of the company representatives next. And, you’ll be guided for any further formalities.
- Finally, if everything falls into place, you’ll be given access to your new Demat or Trading Account.
What are the various Trading Platforms provided by K R Choksey?
KR Choksey has been in broking business for way too long to understand the needs of their clients. They acknowledge the fact that their clients have different needs. And, that’s why they rely on three distinctly developed software. Each of them has been developed to garner a different purpose. However, they are all accessible to the clients for free. Here’s the list of them all: –
KR Choksey Trading Terminal
KR Choksey has developed rather unique software for this purpose. It not only caters to the basic needs of the clients, but has some pretty decent features. In fact, it’s quite ahead of its time to be precise. We say so, because it is compatible for both Windows and MAC based computers. Now, that definitely is one of the very unique features available in the market today.
KR Choksey Web Trading Platform
KR Choksey has been nothing less visionary in developing this software. Just like the desktop variant, it is compatible with all major browsers. And, by major, we mean Chore, Internet Explorer, Mozilla Firefox and even Safari. Furthermore, it comes equipped with all the major features of the desktop-based variant.
KR Choksey Mobile Trading App
This software only solves a specific purpose, that is, easy accessibility. It can be used for all major trading, investing and account monitoring purposes.
|K R Choksey Trading Platforms|
|Here you will find all the important trading platforms available with it|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platform?||Yes|
|Do they have Mobile Web Platform?||No|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in K R Choksey Trading Applications?
Here’s the list of all features as boasted by all the 3 software mentioned earlier: –
KR Choksey Trading Terminal Features
- It comes integrated with technical charts and indicators. These especially come in hand for analytical purposes.
- The terminal comes loaded with several fundamental research reports.
- This platform It has been developed to showcase real time market updates. And, by real time, we mean live updates from different exchanges and indices.
- It even comes with a unique feature that enables the users to set up custom alerts. These alerts can be set for impromptu trading.
KR Choksey Web Trading Platform Features
- It can be used for all the major trading and investing purposes.
- Web platform can be used to buy mutual funds with rather ease.
- This platform has been developed to display live market updates.
KR Choksey Mobile Trading App Features
- The App shows a distinct on-screen buying option. This option can be used to trade in and out any number of stocks across different exchanges and indices with mere finger tips.
- It can be used to gather information about the live happenings in the market.
- This comes with similar custom alert setting options as the desktop variant.
- The platform even can be used for trading across global indices.
|K R Choksey Trading Application Features|
|Here you will find various features available in Trading Platforms provided by it|
|Are these platforms capable of Real time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Are this software’s providing Online MF Buy?||No|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||Yes|
|Do this software’s provide Personalized Advisory?||No|
|Are these platforms capable of Interactive Chartings?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms has Multi Account Management solution?||No|
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What are the various Products provided by K R Choksey?
KR Choksey has been known for providing epic financial products so far. The entire list of KR Choksey’ products have been presented below: –
- Equity Trading
- Currency Trading
- Options Trading
- Commodity Trading
- Futures Trading
- Mutual Funds
|K R Choksey Products|
|Here are the various products provided by it|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|Do they have Currency Trading product available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||Yes|
What are the various Services offered by K R Choksey?
We’ve already told you about the charges incurred for brokerage. So, here’re the list of KR Choksey broking services:
- The company readily facilitates the clients with Trading and Demat account services.
- K R Choksey facilitates the clients with Intraday services.
- The broking house has services related to IPO for the clients.
- The company even grants Stock Recommendations.
- They even provided custom PMS to the clients.
- It is even into the provision of Trading Institution.
- The broking company basically grant upto 6 times added trading exposure.
|K R Choksey Services|
|Check out the various services provided by it|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||Yes|
|What is the Trading Exposure this broker provides?||Upto 6X|
Does K R Choksey provide Research & Advisory to their clients?
KR Choksey advisory services can be traced down to: –
- Research Reports
- Fundamental Reports
- Company Reports
- Annual Reports
- Company Stock Overview
- Free Stock Tips
- IPO Reports
- Top Picks
- Daily Market Reports
- Monthly Reports
- Weekly Reports
- Offline Advisory
- Relationship Manager
|K R Choksey Research, Advisory & Stock Tips|
|Here are the various research activities done by it|
|Does the broker shares Fundamental Reports?||Yes|
|Does the broker shares Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analysing Annual Reports of Companies?||Yes|
|Do they share Company Stock Review?||Yes|
|Are they sharing Free Stock Tips to their clients?||Yes|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||Yes|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Manager to clients?||Yes|
What are the Customer Care details of K R Choksey?
Even KR Choksey customer care services are great to deal with. They include: –
- Allocation of a dedicated dealer.
- Complete offline and online trading support.
- Instant support through various media 24*7.
- They do it all through a network of 920 branches.
|K R Choksey Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated Dealer to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||920|
Are there any Complaints filed against K R Choksey by their clients?
KR Choksey is one of the rarest brokerage houses to not receive any complaint in the BSE last year.
However, they did receive 2 complaints in the NSE. And, they sorted them both out effectively.
|K R Choksey Complaints|
|Here you will know about the Complaints lodged against them|
|What is the total number of Complaints Lodged in BSE?||0|
|How many of these complaints have been Resolved in BSE?||0|
|What is the total number of Complaints Lodged in NSE?||2|
|How many of these complaints have been Resolved in NSE?||2|
What are the Advantages / Benefits of 5Paisa Trading Account?
Being the owner of a KR Choksey trading account has several benefits such as: –
- The availability of support throughout the nation from over 900 branches.
- Access to all sorts of trading advisory.
What are the K R Choksey Review & Ratings as per their Customer?
KR Choksey was rated by 98 people from across the country. And, here’s how they performed: –
- The Broking company got 2.6/5 for their broking advisory and market research facilities.
- Further, it got 2.9/5 for their brokerage charges and tax incursion rates.
- It scored 2.4/5 for their products and services.
- Next, it got 2.5/5 for their trading platforms’ performance.
- K R Choksey got 2.3/5 for the experience they have.
- They got 2.5/5 for their overall efforts.
|K R Choksey Ratings & Reviews|
|We are looking at Companies Ratings on various parameters|
|Stock Market Research & Broking Advisory||2.6/5|
|Brokerage & other Charges like – Turnover, Transaction Charges etc.||2.9/5|
|Types of Products & Services the Brand provides||2.4/5|
|Performance Mobile App, Trading Terminal & Web Trading Platform||2.5/5|
|Experience in the Broking Business||2.3/5|
|Total Avg. Rating of Broking House||2.5/5|
|Star Rating of given to Stock Broker||★★★☆☆|
|Number of People Contributed to these Ratings||98|
KR Choksey Conclusion
All we need to say about KR Choksey is that they are completely trust worthy.
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