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All in 1 Account

Open Free Brokerage Account -
Online Brokerage Account in India

Lowest DP Charges

One Account for Everything

Low Brokerage Charges

Low Brokerage Charges

Free Research

Free Research

Demat Account without Annual Charges

Free AMC for First Year

Open Account Now

Benefits of Opening Brokerage Account with Choice

Low Brokerage Demat Account
Low Brokerage

Low brokerage charges; as less as 2 Paisa*

Free Call for Trade Facility
Free Call for Trade Facility

Our customers can opt to execute trade over the phone free of cost.

Refer and Earn Demat Account
Earn More from Referrals

A rewarding referral program that can contribute to a lifetime source of earning.

Advanced Trading App & Platform
Technologically Advanced Platform

Trade via the website or Android and iOS App with state-of-the-art features.

Free Paperless Demat Account Opening
Paperless Account Opening

Instantly open a paperless Brokerage account online within 5 minutes.

Best Services with Free Brokerage Account

Choice Free Demat Account Opening

Research 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 192 local offices available across the country at your service.


30+ Years of
Experience

A trusted name in the broking industry backed by 30+ years of experience in the finance domain.

We’re
Available On

Web

Web

Android

Android

IOS

iOS

Most Affordable Brokerage account

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.

Equity Brokerage Charges
Equity

  • Delivery 0.20%
  • Intraday 0.02%
  • Futures 0.02%
  • Options ₹ 25 per Lot
Currency Brokerage Charges
Currency

  • Futures 0.02%
  • Options ₹ 20 per Lot
Commodity Brokerage Charges
Commodity

  • Futures 0.02%
  • Options ₹ 50 per Lot

Open a Paperless Brokerage Account in India

Get Started

How to open a Brokerage Account for free

Register OnlineStep OneStep One
A trusted name

Fill in the required details and upload the relevant documents along with a passport size photograph.

In Person VerificationStep TwoStep Two
In-Person Verification

Complete the In-person verification (IPV).

Registration CompleteStep ThreeStep Three
Registration Complete

Your Demat Account opening is successful with Choice.

Courier POA
Courier POA

Courier us the signed copy of the Power of Attorney (POA) sent on your registered Email ID.

Brokerage Account Opening FAQ's

If you have all your documents handy, it should take 4-5 minutes to open a brokerage account online.

There are no charges for opening a Brokerage Account at Choice.

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:

  • Rs.200/- + GST Yearly Plan
  • Rs.1500/- + GST - Lifetime AMC Covered
  • Rs.3000/- Full Refundable AMC (Full amount will be refunded when you close the account with us)

*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.

No, it is not necessary to send a POA to activate a brokerage account with Choice.

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.

Choice Head Office Address:
Choice House, Shree Shakambhari Corporate Park
Plot No. 156-158, J B Nagar, Andheri (East)
Mumbai, Maharashtra - 400099

Yes, you can use the same brokerage account for trading in all segments.

You are required to provide the following documents to open a brokerage account online with Choice.

  • A Valid Proof of Identity(Your proof of address can include any of the following):

    1. Aadhar Card

    2. Voter ID card

    3. Passport

    4. Driving License


  • A Valid Proof of Income(If you want to trade in the F&O segment you have to submit any of these following documents):

    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)


  • A Valid Proof of your corresponding Bank Account

    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

How to Open a Brokerage Account?

A brokerage account is a type of account that allows the purchase and sale of securities like stocks, bonds, and mutual funds. The account can be opened with a variety of regulated brokerage firms. These brokerage companies range from full-service stockbrokers to low-cost internet bargain brokers.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.

Who Can Open A Brokerage Account

The purpose of opening a Brokerage Account is for trading in stocks, investing in mutual funds, bonds, and other commodities in a variety of ways. They are as follows:
  • Individuals from India
  • Anyone over the age of 18 who has a valid PAN card and a bank account in India is eligible to open a Brokerage account.
  • Minors
  • Even minors, contrary to popular thought, can invest in the stock market. Parents or authorized guardians can open a minor Demat account after uploading the necessary papers.
  • NRIs
  • NRI Brokerage accounts are for Indians who are currently residing outside of India (outside of India). NRIs (non-resident Indians) can open a Brokerage Account to participate in Indian equity markets.

    Benefits of Opening A Brokerage Account

    Here are following benefits of opening a brokerage account -

    Accessibility

    Companies may easily transmit dividends, bonuses, stock splits, interest, and other items to their shareholders via these accounts, and you can easily receive them.

    Extremely Liquid

    Getting profits on shares is much easier with brokerage accounts because trading is so fluid.

    In Digital Format

    All of your assets are kept in electronic form (Digital Format), making them fully hassle-free and time-saving. All of the hazards connected with dealing with paper, such as counterfeiting, loss of physical shares, and so on, are eliminated.

    Transfers of Stock

    Physical transfer of shares used to take a long time; currently, it is simple to transfer shares and there is no stamp duty to pay.

    How To Open A 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:

    Step 1: Select a Reputed Brokerage Firm

    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.

    Step 2: Calculate the Brokerage Charges

    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.

    Step 3: Read the Account Opening Procedure

    Read the account opening procedure carefully. Reach out to the brokerage firm in case of any problem or queries regarding the same.

    Step 4: Submit the Documents Online

    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.

    Step 5: Verification of your Documents

    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.

    Step 6: Brokerage Account ID

    You will receive a unique Brokerage Account ID that you can use to start trading in the stock market.

    Documents Required For Opening A Brokerage Account


    Submission of the following documents is required in order to open an online Brokerage Account:

    • A valid PAN card is required to start a Brokerage Account.
    • For Personal Identification, you must present a collection of documents. This is a document that certifies the authenticity of your identification.
    • List of Documents that can be used as Identity Proof for yourself
    • Passport
    • PAN Card
    • Voter's ID
    • Driver's License
    • You must submit a document verification of your address. A utility bill, for example, is a document verification that discloses where you live and authenticates you as a legal resident of India.
    • The following is a list of documents that can be used to prove your address:
    • Passport
    • Ration Card
    • Bank Statements/Passbooks
    • Electricity Bill
    • A copy of your most recent Photograph

    Process To Open A Brokerage Account With Choice


    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.

    What Are The Charges & Fees On A Brokerage Account With Choice?

    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.
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    Choice International Limited , Sunil Patodia Tower,
    J B Nagar, Andheri(East),
    Mumbai 400099.

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    Choiceinternational. CIN - L67190MH1993PLC071117
    Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ).
    Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015 , DP ID CDSL - 12066900 , NSDL ID - IN301895. Research Analyst - INH000000222
    Choice Wealth Private Limited: AMFI - Registered Mutual Fund Distributor. Association of Mutual Funds in India Registration Number - ARN - 78908.
    Initial Registration: 15th March 2010 Valid Till: 14th March 2027.
    Pension Fund Regulatory and Development Authority (PFRDA) - POPSE52022022 | Affiliated with POP HDFC Pension Management Company.
    Choice Finserv Private Limited: NBFC Registration Number : N - 13.02216

    Choice Insurance Broking Private Limited: IRDAI License No: 167, License Valid Till: 29-05-2025 | Category : Direct ( Life & General )
    Registered Office: Choice International Limited, Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai, Maharashtra 400099.
    For any Grievances / Queries email at ig@choiceindia.com & care@choiceindia.com | Online Dispute Resolution Link: https://smartodr.in/login

    Cautionary Message :

    1. Sharing of trading credentials – login id & passwords including OTP’s:- Keep Your Password/Pin and OTP’s private & confidential to avoid any misuse or unauthorised trades. Please ensure that you do not share it with any one.
    2. Trading in leveraged products like options without proper understanding, which could lead to losses
    3. Writing / selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
    4. Dealing in unsolicited tips through Whatsapp, Telegram, YouTube, Facebook, SMS, calls, etc.
    5. Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers

    Disclaimer:
    1. *Investments in securities market are subject to market risks, read all the related documents carefully before investing.
    2. In addition to client based business, we are also doing proprietary trading.
    3. Brokerage will not exceed the SEBI prescribed limit.

    Research Disclaimer and Disclosure inter-alia as required under Securities and Exchange Board of India (Research Analysts) Regulations, 2014

    Choice Equity Broking Private Limited (“CEBPL”) is a registered Research Analyst Entity (Reg. No. INH000000222 ) (hereinafter be referred as “CEBPL”). (CIN. NO.: U65999MH2010PTC198714).

    Reg. Address: Sunil Patodia Tower, J B Nagar, Andheri(East), Mumbai 400099. Tel. No. 022-6707 9999 .

    Compliance Officer: Mr.Prashant Salian. Tel. 022-67079999 - Ext-2310
    Email- Prashant.salian@choiceindia.com

    Grievance officer: Deepika Singhvi Tel.022-67079999- Ext-834.
    Email- ig@choiceindia.com

    Research Disclaimer: Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

    © Choice International Limited. All Rights Reserved.