Choice Broking and Bajaj Broking are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Choice Broking is listed as a Private Discount Broker , established in 2010 and headquartered in Mumbai, while Bajaj Broking is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, Maharashtra.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Choice Broking or Bajaj Broking is a better fit for your investment style, platform preference, and budget.
Choice Broking is listed as a Private Discount Broker established in 2010 with headquarters in Mumbai and founded by Kamal Poddar. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, research reports, customised recommendations and stock tips. It follows a Standard Plan brokerage structure.
Bajaj Broking is listed as a Public Discount Broker established in 2010 with headquarters in Pune, Maharashtra and founded by Jamnalal Bajaj. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. Its brokerage model is structured as Freedom Pack, Professional Pack, Signature Pack.
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.
Choice Broking vs Bajaj Broking — A Comprehensive Company Overview
| Company Overview | Choice Broking | Bajaj Broking |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Pune, Maharashtra |
| Founder | Kamal Poddar | Jamnalal Bajaj |
| Establishment Year | 2010 | 2010 |
| Brokerage Plan | Standard Plan | Freedom Pack, Professional Pack, Signature Pack |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Choice Broking and Bajaj Broking.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Choice Broking charges 0.2% of Transaction Value while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Choice Broking charges 0.2% of Transaction Value while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity futures: This charge applies to futures contracts on stocks and indices. Choice Broking charges 0.2% of Transaction Value while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity options: This charge applies to equity option contracts. Choice Broking charges Rs.25 per lot while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Choice Broking charges 0.02% of Transaction Value while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Commodity options: This charge applies to option contracts on commodity instruments. Choice Broking charges Rs.50 per lot while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Currency futures: This charge allows participation in forex price movements on the exchange. Choice Broking charges 0.02% of Transaction Value . Bajaj Broking does not currently list a charge for this segment.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Choice Broking charges Rs.20 per lot . Bajaj Broking does not currently list a charge for this segment.
Choice Broking vs Bajaj Broking — Detailed Brokerage Comparison
| Brokerage | Choice Broking | Bajaj Broking |
|---|---|---|
| Brokerage Plan | Standard Plan | Freedom Pack, Professional Pack, Signature Pack |
| Subscription Charges | Zero | Freedom: free for 1st year, then ₹431 per year | Professional: ₹2,500 per year |
| Equity Delivery | 0.2% of Transaction Value | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Intraday | 0.2% of Transaction Value | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Future | 0.2% of Transaction Value | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Option | Rs.25 per lot | Starting ₹10 per order (Freedom Pack ₹20) |
| Commodity Future | 0.02% of Transaction Value | Starting ₹10 per order (Freedom Pack ₹20) |
| Commodity Option | Rs.50 per lot | Starting ₹10 per order (Freedom Pack ₹20) |
| Currency Future | 0.02% of Transaction Value | N/A |
| Currency Option | Rs.20 per lot | N/A |
Choice Broking provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Bajaj Broking provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: Choice Broking and Bajaj Broking both list an Android trading app.
iOS app: Choice Broking and Bajaj Broking both list an iOS trading app.
Web trading platform: Choice Broking and Bajaj Broking both list a web trading platform.
Desktop trading terminal: Bajaj Broking lists a desktop trading terminal, while Choice Broking does not currently mention it.
Algo trading: Bajaj Broking lists algo trading support, while Choice Broking does not currently mention it.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Bajaj Broking 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: Bajaj Broking lists a bonds investment platform, while Choice Broking does not currently mention it.
Choice Broking vs Bajaj Broking — Complete Comparison of Trading Platforms
| Trading Platform | Choice Broking | Bajaj Broking |
|---|---|---|
| Android App | Choice Broking Android App Link | Yes |
| iOS App | Choice Broking iOS App Link | Yes |
| Web Trading Platform | Choice Broking Web Trading Link | Yes |
| Trading Terminal | NA | Yes |
| Algo Trading Platform | NA | Yes |
| Foreign Stocks Platform | NA | N/A |
| Basket Trading Platform | NA | N/A |
| Mutual Fund Platform | NA | Yes |
| Digital Gold Platform | NA | N/A |
| Bonds Platform | NA | Yes |
Choice Broking highlights trading features including watchlists, real-time updates, portfolio tracking, research reports, customised recommendations and stock tips, while Bajaj Broking promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports 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 Choice Broking and Bajaj Broking offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Choice Broking and Bajaj Broking offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Choice Broking and Bajaj Broking offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Bajaj Broking offers this; Choice Broking does not currently highlight it.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Choice Broking and Bajaj Broking offer this feature.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Choice Broking offers this; Bajaj Broking does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Choice Broking and Bajaj Broking offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Choice Broking and Bajaj Broking offer this feature.
Live market: Live updates on market movements and trends. Both Choice Broking and Bajaj Broking offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Choice Broking offers this; Bajaj Broking does not currently highlight it.
Choice Broking vs Bajaj Broking — Comprehensive Comparison of Trading Features
| Trading Feature | Choice Broking | Bajaj Broking |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | No | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | N/A |
| Customised Recommendations | Yes | N/A |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | N/A |
| Robust & Secure Platform | Yes | N/A |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Choice Broking and Bajaj Broking.
Free account opening: Choice Broking and Bajaj Broking both list free account opening.
Free AMC: Bajaj Broking lists free Demat AMC, while Choice Broking does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Bajaj Broking lists flat brokerage pricing, while Choice Broking does not currently mention it.
Flexible brokerage plans: Bajaj Broking 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: Bajaj Broking lists free trading calls, while Choice Broking does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Choice Broking offers Upto Rs. 100 per Client for referrals; Bajaj Broking does not currently list a referral offer.
Choice Broking vs Bajaj Broking — Comparison of Latest Offers
| Offer | Choice Broking | Bajaj Broking |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | No | Yes |
| Free Brokerage | No | No |
| Flat Brokerage | No | Yes |
| Flexible Brokerage Plans | No | Yes |
| Happy Trading Hours | No | N/A |
| Free Delivery Trading | No | N/A |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | N/A |
| Free Trading Calls | No | Yes |
| Referral Offers | Upto Rs. 100 per Client | N/A |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | N/A |
| Zero Brokerage for Loss-Making Trades | No | N/A |
Product availability determines whether a broker can support your preferred markets. Choice Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Bajaj Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, insurance, mutual funds, corporate bonds and bonds.
Choice Broking vs Bajaj Broking — Complete Comparison of Products
| Product | Choice Broking | Bajaj Broking |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | Yes | N/A |
| Currency Future | Yes | N/A |
| Foreign Stocks | No | N/A |
| Mutual Funds | No | Yes |
| Banking | No | |
| Insurance | Yes | No |
| Corporate Bonds | No | Yes |
| Government Bonds | No | N/A |
| Digital Gold | No | N/A |
Demat services: Choice Broking and Bajaj Broking both list Demat services.
Trading services: Choice Broking and Bajaj Broking both list trading services.
Intraday services: Choice Broking and Bajaj Broking both list intraday trading services.
F&O services: Choice Broking and Bajaj Broking both list F&O services.
IPO services: Bajaj Broking 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 and Bajaj Broking both list stock research.
Stock recommendations: Choice Broking lists stock recommendations, while Bajaj Broking does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Choice Broking and Bajaj Broking both list share pledging.
PMS or PCG: Bajaj Broking lists PMS or PCG support, while Choice Broking does not currently mention it.
NRI services: Bajaj Broking lists NRI services, while Choice Broking does not currently mention it.
Choice Broking provides Demat services, trading services, intraday trading, F&O trading, stock research and stock recommendations, while Bajaj Broking offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Choice Broking vs Bajaj Broking — In-Depth Comparison of Services
| Service | Choice Broking | Bajaj Broking |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | No | Yes |
| 3-in-1 Account | No | No |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | N/A |
| Trading Education | No | N/A |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | Yes |
| NRI Services | No | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Choice Broking and Bajaj Broking.
Choice Broking and Bajaj Broking — Detailed Comparison of Advisory Services
| Advisory | Choice Broking | Bajaj Broking |
|---|---|---|
| Fundamental Reports | Yes | N/A |
| Research Reports | Yes | Yes |
| Company Reports | Yes | N/A |
| Annual Reports | Yes | N/A |
| IPO Reports | No | N/A |
| Technical Reports | No | N/A |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | Yes | N/A |
| Daily Market Review | No | Yes |
| Monthly Review | Yes | N/A |
| Weekly Review | No | N/A |
| Relationship Manager | Yes | N/A |
| Robo Advisory | No | N/A |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Choice Broking and Bajaj Broking across different segments.
Choice Broking and Bajaj Broking — Comprehensive Comparison of Trading Exposure
| Exposure | Choice Broking | Bajaj Broking |
|---|---|---|
| Equity Delivery | 1x | 1x (MTF up to 3.5x in selected stocks) |
| Equity Intraday | Upto 5x (Depends on Stocks) | Up to 5x |
| Equity F&O Carry Forward | 1X | 1x (no additional margin) |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x (no additional margin) |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | N/A |
Choice Broking lists a sub-broker program, while Bajaj Broking does not currently mention it. Choice Broking lists a partner program, while Bajaj Broking does not currently mention it. Choice Broking lists a referral program, while Bajaj Broking does not currently mention it.
Choice Broking vs Bajaj Broking — Comparative Analysis of Programs
| Program | Choice Broking | Bajaj Broking |
|---|---|---|
| Sub-Broker Program | Yes | N/A |
| Partner Program | Yes | N/A |
| Referral Program | Yes | N/A |
Choice Broking provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Bajaj Broking provides support through trading desk support, call support, email support and website support. Choice Broking operates Available branches. Bajaj Broking operates Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra branches.
Choice Broking and Bajaj Broking — Comprehensive Comparison of Customer Support
| Support Channel | Choice Broking | Bajaj Broking |
|---|---|---|
| Trading Support | Available, Free | Yes |
| Dedicated Dealer | Available, Free | N/A |
| Call Support | 022-67079999 | Yes (1800-833-8888) |
| Email Support | [email protected] | Yes ([email protected]) |
| WhatsApp Support | NA | N/A |
| Website Support | Website Link | Yes (https://www.bajajbroking.in/knowledge-center) |
| Facebook Support | Facebook Support Link | — |
| Twitter / X Support | Twitter Support Link | — |
| Telegram Support | Telegram Support Link | — |
| Branches / Offices | Available | Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Choice Broking carries an overall rating of 8.63 / 10, while Bajaj Broking carries an overall rating of 3.6 / 5.
Choice Broking vs Bajaj Broking — Ratings Comparison
| Rating Parameter | Choice Broking | Bajaj Broking |
|---|---|---|
| Overall Rating | 8.63 / 10 | 3.6 / 5 |
| Customer Support | 8.59 / 10 | 3.5 / 5 |
| Technology | 8.73 / 10 | 3.5 / 5 |
| Charges | 8.66 / 10 | 3.5 / 5 |
| Products & Services | 8.58 / 10 | 4.0 / 5 |
| Experience | 8.56 / 10 | N/A |
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.
Choice Broking & Bajaj Broking — Comparison of Customer Complaints
| Complaint Metric | Choice Broking | Bajaj Broking |
|---|---|---|
| Total Complaints Lodged | 78 | 34 (NSE, FY 2026-27, against 65,587 active clients) |
| Total Complaints Resolved | 69 | N/A |
| % of Resolved Complaints | 88.46% | N/A |
| Non-Actionable Complaints | 6 | N/A |
| % of Non-Actionable Complaints | 7.69% | N/A |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Choice Broking and Bajaj Broking.
Choice Broking vs Bajaj Broking — Detailed Comparison of Transaction Charges
| Transaction Charges | Choice Broking | Bajaj Broking |
|---|---|---|
| Equity Delivery | NSE 0.00345% | BSE varies by scrip group | |
| Equity Intraday | NSE 0.00345% | BSE varies by scrip group | |
| Equity Future | NSE 0.002% | BSE Nil or 0.05% of traded value | |
| Equity Option | NSE 0.053% on premium | BSE Nil or 0.05% of traded value | |
| Commodity Future | N/A | |
| Commodity Option | N/A | |
| Currency Future | N/A | |
| Currency Option | N/A |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Choice Broking & Bajaj Broking — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Choice Broking | Bajaj Broking |
|---|---|---|
| Pledge Creation Charges | ₹40 + GST | |
| Pledge Invocation Charges | ₹50 + GST per ISIN | |
| Margin Trading Interest | 14.99% p.a. (Freedom) | 11.99% p.a. (Professional) |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Choice Broking and Bajaj Broking — Detailed Comparison of Hidden / Other Charges
| Charge | Choice Broking | Bajaj Broking |
|---|---|---|
| SEBI Turnover Charges | ₹10 per crore (0.0001%) | |
| DP Charges | ₹30 per ISIN per debit transaction | |
| GST | 18% on brokerage, transaction charges and SEBI fees | |
| Account Closure Charges | N/A | |
| Reactivation Charges | N/A | |
| Dematerialisation Charges | ₹100 per request + ₹100 per certificate + GST | |
| Call & Trade Charges | ₹20 + GST per executed order |
Choice Broking lists account opening charges of Free and Demat AMC of Rs.200 – Rs.3000 (First year free). Bajaj Broking lists account opening charges of ₹0 and Demat AMC of ₹0.
Choice Broking vs Bajaj Broking — Detailed Comparison of Demat Charges
| Demat Charges | Choice Broking | Bajaj Broking |
|---|---|---|
| Account Opening Charges | Free | ₹0 |
| Annual Maintenance Charges (AMC) | Rs.200 – Rs.3000 (First year free) | ₹0 |
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.
Choice Broking vs Bajaj Broking — Comparative Analysis of STT and CTT Charges
| STT & CTT | Choice Broking | Bajaj Broking |
|---|---|---|
| Equity Delivery | 0.1% on both buy and sell | |
| Equity Intraday | 0.025% on sell side | |
| Equity Future | 0.05% on sell side | |
| Equity Option | 0.15% of premium on sell side | |
| Commodity Future | 0.01% on sell side (non-agri) | |
| Commodity Option | 0.01% on sell side (non-agri) | |
| Currency Future | No STT | |
| Currency Option | No STT |
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.
Choice Broking and Bajaj Broking — Comparison of Stamp Duty Charges
| Stamp Duty | Choice Broking | Bajaj Broking |
|---|---|---|
| Equity Delivery | 0.015% (buy side) | |
| Equity Intraday | 0.003% (buy side) | |
| Equity Future | 0.002% (buy side) | |
| Equity Option | 0.003% (buy side) | |
| Commodity Future | 0.002% (buy side) | |
| Commodity Option | 0.003% (buy side) | |
| Currency Future | 0.0001% (buy side) | |
| Currency Option | 0.0001% (buy side) |