Low DP Charges (Rs. 10 Only)
Low Brokerage Charges
Free Research Advisory
Free AMC for First Year
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https://accounts.choiceindia.com/onboard/trading/onboard-info
Low brokerage charges; as less as 2 Paisa*
Our customers can opt to execute trade over the phone free of cost.
A rewarding referral program that can contribute to a lifetime source of earning.
Trade via the website or Android and iOS App with state-of-the-art features.
Instantly open a paperless Brokerage account online within 5 minutes.
RESEARCH & ADVISORY SERVICES
A dedicated research team that provides Technical and Fundamental Research at no extra cost.
CUSTOMER SUPPORT
An excellent support team that guides you at every step available via phone and emails and branch offices.
LOCAL OFFICES
We have 48 local offices available across the country at your service.
25+ YEARS OF EXPERIENCE
A trusted name in the broking industry backed by 25+ years of experience in the finance domain.
Brokerage is charged on a percentage basis for Intraday, Delivery and Futures while the brokerage for Options is calculated on the basis of a flat fee.
Fill in the required details and upload the relevant documents along with a passport size photograph.
Complete the In-person verification (IPV).
Your Brokerage Account opening is successful with Choice Broking.
Courier us the signed copy of the Power of Attorney (POA) sent on your registered Email ID.
When you open a brokerage account with Choice, you get free AMC charges for the first year. After, the first year you can select from the below 3 plans:
*In case no scheme is selected by you then by default AMC as per the annual plan will be charged at the end of the first year.
For a Corporate Account, the AMC charges applicable from the 1st year are – 1000/- + GST per Annum Plan.
However, You will need to send a signed copy of your Power of Attorney (POA) to the Choice Head Office after opening a brokerage account.
The POA will give the authorization to sell your shares from your Demat account without the need to authorize them online all the time whenever you sell them.
1. Aadhar Card
2. Voter ID card
3. Passport
4. Driving License
1. A copy of IT returns submitted to the IT department
2. A copy of annual income audited by a CA
3. Last 6 months bank statement
4. Demat account statement with a DP
5. Net worth certificate
6. Copy of your Salary slip and Form 16 (for salaried employees)
1. A cancelled cheque of the bank to be linked with your Trading Account
2. Bank passbook with the IFSC code clearly printed on it
Similar to a bank account, you can transfer money in and out of your online brokerage account, but unlike banks, these accounts provide you access to the stock market and other investments.
Because investment income in this account is taxed as capital gains, these accounts are often referred to as taxable accounts. When compared to other types of accounts, brokerage accounts serve as a beneficial option. You can open your account with a service provider who is known to be the provider of the best brokerage account in India.
To open a Brokerage account in India, you have to determine the kind of brokerage account you would require. For Investors, it is very important to open a Demat Account and a Trading Account.
Even, If you are not trading in Futures and Options, you should still have a Demat Account to hold your shares and securities. In order to sell your stocks and securities, you need to open a Trading Account.
Here is a step by step guide to open a Brokerage Account online:
Before opening a brokerage account, you must be sure that you have chosen the best stockbroker. The broker should provide excellent support and investment-related service to build a strong investment portfolio.
Compare and check the brokerage account charges of your preferred stockbroker. The processing fee charges vary from one brokerage firm to another. Many brokers do not even charge any processing fee. So, ensure the charges before opening an account.
Read the account opening procedure carefully. Reach out to the brokerage firm in case of any problem or queries regarding the same.
Submit all the documents carefully to open an account. For most brokers, you will require valid proof of identity, valid proof of address, bank account proof, valid proof of income for trading in the F&O segment for the online account opening.
Once you have submitted your documents online, your documents will be verified. After your online KYC is done, you are ready for the final process.
You will receive a unique Brokerage Account ID that you can use to start trading in the stock market.
List of Documents that can be used as Identity Proof for yourself
The following is a list of documents that can be used to prove your address:
To open a brokerage account with Choice India, you need to:
1. Register Online.
2. Fill up the Required Details.
3. Upload the Relevant Documents
4. Complete the In-Person Verification Process
5. Your Brokerage Account is Ready.
Note: You will need to send the signed copy of your Power of Attorney (POA) to the Choice Head Office. Once received, you will receive a copy of the POA in your registered mail from Choice.
Choice Head Office Address:
Choice International Limited,
Sunil Patodia Tower,J B Nagar,
Andheri (East), Mumbai 400099.
The POA will give the authorization to sell your shares from your Demat account without the need to authorize them online all the time whenever you sell them.
Choice is a full-service brokerage firm with the lowest brokerage charges in the industry. There are no charges to open an online Brokerage account with Choice.
You can check out the detailed breakdown of all the other applicable charges like Securities Transaction Tax, Stamp Charges, GST, SEBI Charges, Depository participant DP Charges, and visit to know the details about brokerage charges and fees here.Exchange | Member ID | SEBI Reg. ID | CTCL ID |
---|---|---|---|
NSE | 13773 | INZ000160131 | 43677 |
NSEFO | 13773 | INZ000160131 | 36129 |
NSECDS | 13773 | INZ000160131 | 13966 |
BSE | 3299 | INZ000160131 | 203 |
MCX | 40585 | MCX/TCM/CORP/1844 | 55850 |
NCDEX | 1006 | NCDEX/TCM/CORP/0980 | 22221 |