Bajaj Securities and Choice Broking are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Bajaj Securities is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, while Choice Broking is listed as a Private Discount Broker , established in 2010 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Bajaj Securities or Choice Broking is a better fit for your investment style, platform preference, and budget.
Bajaj Securities is listed as a Public Discount Broker established in 2010 with headquarters in Pune and founded by Sanjiv Bajaj. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. It follows a Freedom Plan brokerage structure.
Choice Broking is listed as a Private Discount Broker established in 2010 with headquarters in Mumbai and founded by Kamal Poddar. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, research reports, customised recommendations and stock tips. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Bajaj Securities vs Choice Broking — A Comprehensive Company Overview
| Company Overview | Bajaj Securities | Choice Broking |
|---|---|---|
| Company Type | Public | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Pune | Mumbai |
| Founder | Sanjiv Bajaj | Kamal Poddar |
| Establishment Year | 2010 | 2010 |
| Brokerage Plan | Freedom Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Bajaj Securities and Choice Broking.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Bajaj Securities charges Rs.20 per Trade while Choice Broking charges 0.2% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Bajaj Securities charges Rs.20 per Trade while Choice Broking charges 0.2% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Bajaj Securities charges Rs.20 per Trade while Choice Broking charges 0.2% of Transaction Value.
Equity options: This charge applies to equity option contracts. Bajaj Securities charges Rs.20 per Trade while Choice Broking charges Rs.25 per lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Bajaj Securities charges N/A ; Choice Broking charges 0.02% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Bajaj Securities charges N/A ; Choice Broking charges Rs.50 per lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Bajaj Securities charges N/A ; Choice Broking charges 0.02% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Bajaj Securities charges N/A ; Choice Broking charges Rs.20 per lot.
Bajaj Securities vs Choice Broking — Detailed Brokerage Comparison
| Brokerage | Bajaj Securities | Choice Broking |
|---|---|---|
| Brokerage Plan | Freedom Plan | Standard Plan |
| Subscription Charges | Rs.431 per Year (1st Year Free) | Zero |
| Equity Delivery | Rs.20 per Trade | 0.2% of Transaction Value |
| Equity Intraday | Rs.20 per Trade | 0.2% of Transaction Value |
| Equity Future | Rs.20 per Trade | 0.2% of Transaction Value |
| Equity Option | Rs.20 per Trade | Rs.25 per lot |
| Commodity Future | NA | 0.02% of Transaction Value |
| Commodity Option | NA | Rs.50 per lot |
| Currency Future | NA | 0.02% of Transaction Value |
| Currency Option | NA | Rs.20 per lot |
Bajaj Securities provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Choice Broking provides mobile app access and web trading for its users.
Android app: Bajaj Securities and Choice Broking both list an Android trading app.
iOS app: Bajaj Securities and Choice Broking both list an iOS trading app.
Web trading platform: Bajaj Securities and Choice Broking both list a web trading platform.
Desktop trading terminal: Neither broker currently highlights a desktop trading terminal.
Algo trading: Neither broker currently highlights algo trading support.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Bajaj Securities lists a mutual fund investment platform, while Choice Broking does not currently mention it.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
Bajaj Securities vs Choice Broking — Complete Comparison of Trading Platforms
| Trading Platform | Bajaj Securities | Choice Broking |
|---|---|---|
| Android App | Bajaj Securities Android App Link | Choice Broking Android App Link |
| iOS App | Bajaj Securities iOS App Link | Choice Broking iOS App Link |
| Web Trading Platform | Bajaj Securities Web Trading Link | Choice Broking Web Trading Link |
| Trading Terminal | NA | NA |
| Algo Trading Platform | NA | NA |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | NA |
| Mutual Fund Platform | Available | NA |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | NA |
Bajaj Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts, while Choice Broking promotes watchlists, real-time updates, portfolio tracking, research reports, customised recommendations and stock tips. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Bajaj Securities and Choice Broking offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Bajaj Securities and Choice Broking offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Bajaj Securities and Choice Broking offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Bajaj Securities offers this; Choice Broking does not currently highlight it.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Choice Broking offers this; Bajaj Securities does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Choice Broking offers this; Bajaj Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Bajaj Securities and Choice Broking offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Bajaj Securities and Choice Broking offer this feature.
Live market: Live updates on market movements and trends. Both Bajaj Securities and Choice Broking offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Bajaj Securities and Choice Broking offer this feature.
Bajaj Securities vs Choice Broking — Comprehensive Comparison of Trading Features
| Trading Feature | Bajaj Securities | Choice Broking |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | No |
| Research Reports | No | Yes |
| Global Indices | No | No |
| Customised Recommendations | No | Yes |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Bajaj Securities and Choice Broking.
Free account opening: Bajaj Securities and Choice Broking both list free account opening.
Free AMC: Bajaj Securities lists free Demat AMC, while Choice Broking does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Bajaj Securities lists flat brokerage pricing, while Choice Broking does not currently mention it.
Flexible brokerage plans: Bajaj Securities lists flexible brokerage plans, while Choice Broking does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Neither broker currently highlights free research reports.
Free trading calls: Neither broker currently highlights free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Bajaj Securities offers Rs.200 per Client while Choice Broking offers Upto Rs. 100 per Client for referrals.
Bajaj Securities vs Choice Broking — Comparison of Latest Offers
| Offer | Bajaj Securities | Choice Broking |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | Yes | No |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | No |
| Flexible Brokerage Plans | Yes | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | No |
| Free Trading Calls | No | No |
| Referral Offers | Rs.200 per Client | Upto Rs. 100 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Bajaj Securities highlights equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance, while Choice Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds, insurance, corporate bonds, government bonds, commodity futures, commodity options, currency futures and currency options.
Bajaj Securities vs Choice Broking — Complete Comparison of Products
| Product | Bajaj Securities | Choice Broking |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | Yes | No |
| Mutual Funds | Yes | No |
| Banking | No | |
| Insurance | Yes | Yes |
| Corporate Bonds | Yes | No |
| Government Bonds | Yes | No |
| Digital Gold | No | No |
Demat services: Bajaj Securities and Choice Broking both list Demat services.
Trading services: Bajaj Securities and Choice Broking both list trading services.
Intraday services: Bajaj Securities and Choice Broking both list intraday trading services.
F&O services: Bajaj Securities and Choice Broking both list F&O services.
IPO services: Bajaj Securities lists IPO services, while Choice Broking does not currently mention it.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Choice Broking lists stock research, while Bajaj Securities does not currently mention it.
Stock recommendations: Choice Broking lists stock recommendations, while Bajaj Securities does not currently mention it.
Trading education: Bajaj Securities lists trading education, while Choice Broking does not currently mention it.
Share pledging: Bajaj Securities and Choice Broking both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Neither broker currently highlights NRI services.
Bajaj Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and trading education, while Choice Broking offers Demat services, trading services, intraday trading, F&O trading, stock research and stock recommendations.
Bajaj Securities vs Choice Broking — In-Depth Comparison of Services
| Service | Bajaj Securities | Choice Broking |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | No |
| 3-in-1 Account | No | No |
| Stock Research | No | Yes |
| Stock Recommendations | No | Yes |
| Trading Education | Yes, Samadhan | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | No |
| NRI Services | No | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Bajaj Securities and Choice Broking.
Bajaj Securities and Choice Broking — Detailed Comparison of Advisory Services
| Advisory | Bajaj Securities | Choice Broking |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | Yes, chargeable | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| IPO Reports | Yes | No |
| Technical Reports | No | No |
| Stock Tips | Yes, chargeable | Yes |
| Daily Top Stock Picks | No | Yes |
| Daily Market Review | No | No |
| Monthly Review | No | Yes |
| Weekly Review | No | No |
| Relationship Manager | Yes, chargeable | Yes |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Bajaj Securities and Choice Broking across different segments.
Bajaj Securities and Choice Broking — Comprehensive Comparison of Trading Exposure
| Exposure | Bajaj Securities | Choice Broking |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1X |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Bajaj Securities and Choice Broking both list a sub-broker program. Bajaj Securities and Choice Broking both list a partner program. Bajaj Securities and Choice Broking both list a referral program.
Bajaj Securities vs Choice Broking — Comparative Analysis of Programs
| Program | Bajaj Securities | Choice Broking |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Bajaj Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Choice Broking provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Bajaj Securities operates Available branches. Choice Broking operates Available branches.
Bajaj Securities and Choice Broking — Comprehensive Comparison of Customer Support
| Support Channel | Bajaj Securities | Choice Broking |
|---|---|---|
| Trading Support | Available, Chargeable | Available, Free |
| Dedicated Dealer | Available, Chargeable | Available, Free |
| Call Support | 1800-833-8888 | 022-67079999 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | Available | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Bajaj Securities carries an overall rating of 7.75 / 10, while Choice Broking carries an overall rating of 8.63 / 10.
Bajaj Securities vs Choice Broking — Ratings Comparison
| Rating Parameter | Bajaj Securities | Choice Broking |
|---|---|---|
| Overall Rating | 7.75 / 10 | 8.63 / 10 |
| Customer Support | 7.72 / 10 | 8.59 / 10 |
| Technology | 7.84 / 10 | 8.73 / 10 |
| Charges | 7.78 / 10 | 8.66 / 10 |
| Products & Services | 7.71 / 10 | 8.58 / 10 |
| Experience | 7.69 / 10 | 8.56 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Bajaj Securities & Choice Broking — Comparison of Customer Complaints
| Complaint Metric | Bajaj Securities | Choice Broking |
|---|---|---|
| Total Complaints Lodged | 21 | 78 |
| Total Complaints Resolved | 14 | 69 |
| % of Resolved Complaints | 66.67% | 88.46% |
| Non-Actionable Complaints | 4 | 6 |
| % of Non-Actionable Complaints | 19.05% | 7.69% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Bajaj Securities and Choice Broking.
Bajaj Securities vs Choice Broking — Detailed Comparison of Transaction Charges
| Transaction Charges | Bajaj Securities | Choice Broking |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Bajaj Securities and Choice Broking — Detailed Comparison of Hidden / Other Charges
| Charge | Bajaj Securities | Choice Broking |
|---|---|---|
| SEBI Turnover Charges | ||
| DP Charges | ||
| GST | ||
| Account Closure Charges | ||
| Reactivation Charges | ||
| Dematerialisation Charges | ||
| Call & Trade Charges |
Bajaj Securities lists account opening charges of Free and Demat AMC of Free. Choice Broking lists account opening charges of Free and Demat AMC of Rs.200 – Rs.3000 (First year free).
Bajaj Securities vs Choice Broking — Detailed Comparison of Demat Charges
| Demat Charges | Bajaj Securities | Choice Broking |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Free | Rs.200 – Rs.3000 (First year free) |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Bajaj Securities vs Choice Broking — Comparative Analysis of STT and CTT Charges
| STT & CTT | Bajaj Securities | Choice Broking |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Bajaj Securities and Choice Broking — Comparison of Stamp Duty Charges
| Stamp Duty | Bajaj Securities | Choice Broking |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |