Charges at a glance
About Choice FinX
Choice FinX is the trading and demat platform of Choice Equity Broking Pvt Ltd, part of Choice International Limited — a publicly listed financial services group founded in 1993 that has been in stockbroking since 2010. It is registered with SEBI and is a depository participant, and operates as a full-service broker with a pan-India branch network alongside its digital platforms.
Unlike pure discount brokers, Choice FinX pairs its brokerage and demat charges with research reports, relationship-manager support and advisory services. Account opening is free and the first year's demat AMC is waived, but — unlike some zero-brokerage rivals — equity delivery is charged at 0.20% of order value and the AMC becomes payable (₹200 + GST/year, or a one-time lifetime plan) from the second year onward.
Platforms
Choice FinX App
Mobile app for equity, F&O, currency, commodity and IPOs, with research calls and portfolio tracking built in.
Jiffy Web Trading
Browser-based trading platform with watchlists, a brokerage calculator and real-time market insights.
Investica
Dedicated mutual fund investing app with goal-based recommendations and fund-selection support.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | 0.20% of order value | 0.02% of order value | 0.02% of order value | ₹25 per lot |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00325% / BSE flat ₹1.51 per trade | NSE 0.00325% / BSE flat ₹1.51 per trade | NSE 0.0024% | NSE 0.05% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Currency derivatives
| Charge | Currency futures | Currency options |
|---|---|---|
| Brokerage | 0.02% of order value | ₹20 per lot |
| STT/CTT | No STT/CTT applicable on currency F&O | |
| Transaction charges | NSE 0.0009% | NSE 0.04% |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.0001% (buy side) | 0.0001% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | 0.02% of order value | ₹50 per lot |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- Direct mutual fund plans bought via Investica carry zero commission, since direct plans by definition exclude distributor commission.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| HUF account | free |
| Corporate account | free |
| NRI account | available — contact for applicable charges |
Demat AMC (Annual Maintenance Charge)
Choice FinX waives the demat AMC for the first year. From the second year, ₹200 + GST is charged annually, or you can switch to a one-time lifetime plan — ₹1,500 + GST (non-refundable) or ₹3,000 + GST (refundable). Corporate accounts are charged ₹1,000 + GST per year.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- ₹0 account opening and first-year AMC waived on the demat account
- Full-service broker with research calls, relationship-manager support and a pan-India branch network
- One platform for equity, F&O, currency, commodity, MTF and direct mutual funds via Investica
- No auto square-off charges when positions are squared off by Choice, and free IPO applications
What to watch for
- Equity delivery brokerage of 0.20% per order is higher than many discount brokers charging ₹0–₹20 flat
- Demat AMC of ₹200 + GST applies from the second year unless you opt into a paid lifetime plan
- Multiple apps (Choice FinX, Jiffy, Investica) across segments can feel less unified than a single-app broker
Read what customers say about Choice FinX
Overall rating 3.3/5 based on 7 customer reviews — or share your own experience.