Finvasia Vs Choice Broking Demat Account Comparison

Finvasia is a Chandigarh, India based financial service provider. Finvasia caters to retail, institutional and foreign customers. Finvasia offers truly brokerage free trading. It absolutely doesn’t change any brokerage commission from customers to trade on BSE, NSE, and MCX. Customers can trade in any segment by just paying applicable taxes. Call & trade is also available for free of cost to the customers.

Finvasia is a depository participant with CDSL. They offer all kind of depository services to its customer at a very reasonable price.

They are an online broker. All services offered are online or over the phone. They do not have any branch offices, franchise or partner offices.

Choice Equity Broking Private Limited popularly known as Choice Broking, is a full-service broker providing a wide range of services to its customers. Choice Broking is a subsidiary of publicly listed Choice International Ltd. with a pan India presence for Stock and Commodities Broking, Loan syndication, Insurance, Mutual Fund, etc. The company offers free trading and Demat account opening to its customers.

Plot # 10, Netsmartz House (Level 3).
Rajiv Gandhi Chd Tech Park.
Chandigarh. India 160101

Chakarawarti Ashok Co Ophsg Cts No156,157,158, J.B.Nagar Off Sahar Road, Andheri (E) Mumbai Maharashtra India-400099

Retail trading in equity, currency and commodity, depository (demat account), asset management, investment banking, advisory, and currency hedging.

NSE- Cash, FNO and CD segment BSE- Cash and Derivative. MCX-SX- Currency Derv. USE - Currency Derv. Group Company Member - MCX, NCDEX, ICEX

₹0 (+ stamp charge of ₹199)

Nil

₹0 for Individual/HUF/NRI
₹1000 per year for corporate

Choice Broking offers Standard and special plans to individual customers to opt for.

1. Basic Standard Plan: ₹200
2. Special Plan:
   1. Lifetime AMC Free Plan (One Time - Non-refundable) :₹1,500
   2. Lifetime AMC Free Plan (One Time - Refundable deposit) :₹,3000

Note:

1. First year AMC is free.
2. In case of no scheme chosen at the end of first year, default standard plan will be applied.
3. In case of Corporates, AMC of ₹1,000 applied from first year.

₹0

Nil

₹15 + ₹99 Courier charges

₹25 per certificate

₹15 + ₹99 Courier charges

₹25 per 100 Securities or 0.04% whichever is higher

₹9 (including CDSL Fee)

₹10per transaction + GST

₹25 + NSDL Charges

₹50 or 0.02% whichever is higher + GST

₹25 + NSDL Charges

₹100 or 0.05% whichever is higher + GST

₹49 per transaction

₹10 per instruction + GST

• Periodic Statements - Email: Free | Physical: ₹99 Courier Charges
• Adhoc / Non Periodic Statement - Email: Free | Physical: ₹5 per page + ₹99 Courier Charges
• Delivery Instructions - First Booklet: Free | Additional: ₹99 for 10 leaves
• Check Bounce - ₹299
• Failed Transaction - ₹49 per transcaction
• Modification in Client Information - ₹19 per request
• Demat Closure Account - Nil
• Delay Payment Charges - 2% per month on T+2 days

Additional request for every DIS Booklet: ₹100.