Choice Broking vs Mirae Asset Sharekhan
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Choice Broking
VS
Mirae Asset Sharekhan
Choice Broking vs Mirae Asset Sharekhan — quick verdict
Choose Choice Broking if
You want low-cost, self-directed trading
Trade Smart. Invest Better.
Choose Mirae Asset Sharekhan if
You want research and offline support
Get the power of experience on your side.
Company overview
Choice Broking is a discount broker incorporated in 2010; Mirae Asset Sharekhan is a full-service broker incorporated in 2000.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Type of broker | Discount Broker | Full-Service Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX · NCDEX |
| Year of incorporation | 2010 | 2000 older |
| Number of branches | 150+ | 900+ wider |
| Active clients | 8 Lakh+ | 32 Lakh+ larger |
Charges & AMC
Account-opening and maintenance charges for Choice Broking and Mirae Asset Sharekhan compared side by side.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Trading a/c opening | ₹0 | ₹0 (Online) |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | ₹0 (1st Year), ₹450 + GST per year thereafter | ₹0 (1st Year), then ₹400 + GST per year lower |
| DP charges (per ISIN, sell) | ₹15.93 per debit transaction (including GST) lower | ₹25 per debit transaction + GST |
Brokerage charges
How Choice Broking and Mirae Asset Sharekhan price each trading segment, per executed order.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Equity Delivery | ₹20 per executed order | 0.30% |
| Equity Intraday | ₹20 per executed order | 0.02% |
| Equity Futures | ₹20 per executed order | 0.02% |
| Equity Options | ₹20 per executed order | ₹20 per executed order |
| Currency F&O | ₹20 per executed order | 0.02% |
| Commodity F&O | ₹20 per executed order | 0.02% |
| Call & Trade | ₹20 per executed order | ₹0 |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Choice Broking and Mirae Asset Sharekhan, per segment.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Equity Delivery | NSE: 0.00297% • BSE: 0.00375% | NSE: 0.00297% • BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% • BSE: 0.00375% | NSE: 0.00297% • BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% | NSE: 0.00173% |
| Equity Options | NSE: 0.03503% (on premium) | NSE: 0.03503% (on premium) |
| Currency Futures | NSE: 0.00035% | NSE: 0.00035% |
| Currency Options | NSE: 0.03110% (on premium) | NSE: 0.03110% (on premium) |
| Commodity Futures | MCX: 0.00210% | MCX: 0.00210% |
| Commodity Options | MCX: 0.04180% (on premium) | MCX: 0.04180% (on premium) |
Demat & DP charges
Depository (demat) charges for Choice Broking and Mirae Asset Sharekhan — AMC, debit transactions, pledging and remat.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 (1st Year), ₹450 + GST per year thereafter | ₹0 (1st Year), then ₹400 + GST per year |
| Debit Transaction Charges | ₹15.93 per debit transaction (including GST) | ₹25 per debit transaction + GST |
| Pledge / Unpledge Charges | ₹20 + GST per request | ₹30 + GST per request |
| Dematerialisation (Demat) | ₹150 per certificate + GST | ₹50 per certificate + GST |
| Rematerialisation (Remat) | ₹150 per certificate + GST | ₹50 per certificate + GST |
| Failed Transactions | Nil | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Choice Broking and Mirae Asset Sharekhan.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | Up to 100% of trade value (1x) |
| Equity Intraday | VAR + ELM Margin (Up to 5x*) | As per SEBI peak margin rules (Up to 5x (eligible stocks)) |
| Equity Futures | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (1x) |
| Equity Options (Buy) | Premium Value (Not Applicable) | Premium + SPAN (for option writing) (As per exchange norms) |
| Equity Options (Sell) | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per exchange norms) |
| Currency Futures & Options | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per exchange norms) |
| Commodity Futures & Options | SPAN + Exposure Margin (As per available margin) | — |
Features & account
Account type and feature availability across Choice Broking and Mirae Asset Sharekhan.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Choice FinX Web, Choice FinX Mobile App, Choice Edge | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | Option Chain, Advanced Charting, Basket Orders, Screeners, API Trading, Algo Trading Support, Price Alerts, eDIS, Margin Trading Facility (MTF) | Advanced research reports, Margin Trading Facility (MTF), Portfolio Health Check, Investment Ideas, IPO investment, Mutual Funds, Algo/API Trading, Smart Investor tools, Relationship Manager support, Educational webinars, TradeTiger desktop terminal, Comprehensive wealth management solutions. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Choice Broking and Mirae Asset Sharekhan.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Trading platforms offered | Choice FinX Web, Choice FinX Mobile App, Choice Edge | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Number of platforms | 3 | 3 |
| Platforms (summary) | Choice FinX Web, Choice FinX Mobile App, Choice Edge | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Mobile / desktop apps | Web, Mobile, Desktop | Mobile, Web, Desktop |
User ratings
User ratings for Choice Broking and Mirae Asset Sharekhan across the key parameters.
| Rated on | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Fees | 4.5 better | 4.2 |
| Brokerage | 4.6 better | 4.1 |
| Trading platform | 4.3 | 4.7 better |
| Customer service | 4.2 | 4.5 better |
| Research | 4 | 4.9 better |
| Overall | 4.3 | 4.5 better |
Investment options
Which investment products Choice Broking and Mirae Asset Sharekhan let you access.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes | ✓ Yes |
| IPO | ✓ Yes | ✓ Yes |
| Mutual Funds | ✓ Yes | ✓ Yes |
| Bonds / NCD | ✓ Yes | ✓ Yes |
Order types offered
Advanced order types supported by Choice Broking and Mirae Asset Sharekhan.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes | ✓ Yes |
Safety & credibility
SEBI registration, financial strength and complaint record for Choice Broking and Mirae Asset Sharekhan.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| SEBI registration | INZ000160131 | INZ000174330 |
| NSE member code | 90192 | 10313 |
| Year of incorporation | 2010 | 2000 longer track record |
| Net worth | ₹1,087.56 Cr | ₹8,615+ Cr* stronger |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE · MCX · NCDEX |
| Latest complaint ratio | 0.002% fewer complaints | 0.033% |
Complaints record
Exchange complaint data for Choice Broking and Mirae Asset Sharekhan — the ratio matters more than the raw count.
| Parameter | Choice Broking | Mirae Asset Sharekhan |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 8,42,615 | 31,20,000+ larger base |
| Complaints filed | 18 | 1,020 |
| Complaint ratio | 0.002% fewer complaints | 0.033% |
Pros & cons
The main advantages and drawbacks of each broker.
Choice Broking
▲ Pros
- ✓ Competitive flat brokerage plans.
- ✓ Fully digital and paperless account opening.
- ✓ Supports stocks, F&O, commodities, currencies, mutual funds, IPOs, ETFs, and bonds.
- ✓ Margin Trading Facility (MTF) available.
- ✓ Advanced web and mobile trading platforms with technical analysis tools.
- ✓ Backed by Choice International Limited.
▼ Cons
- ✕ Annual Demat AMC is applicable after the introductory period.
- ✕ Research coverage is comparatively smaller than some leading full-service brokers.
- ✕ Call & Trade charges apply.
- ✕ Physical branch network is smaller than large bank-backed brokers.
- ✕ Premium advisory services may be available only under selected plans.
Mirae Asset Sharekhan
▲ Pros
- ✓ Backed by the globally recognized Mirae Asset Financial Group.
- ✓ Comprehensive research reports and investment recommendations.
- ✓ Supports investment in stocks, derivatives, commodities, currencies, mutual funds, IPOs, bonds, and ETFs.
- ✓ Advanced trading platforms for web, desktop, and mobile users.
- ✓ Large nationwide network of branches and relationship managers.
- ✓ Margin Trading Facility (MTF) available for eligible stocks.
- ✓ Strong educational resources, webinars, and investor learning programs.
- ✓ Reliable customer support through branches, phone, email, and chat.
- ✓ Suitable for both beginners and long-term investors.
- ✓ Offers integrated wealth management and portfolio advisory services.
▼ Cons
- ✕ Brokerage charges are higher than most discount brokers.
- ✕ Annual Maintenance Charges (AMC) apply for Demat accounts.
- ✕ Account opening process may take longer than fully digital discount brokers.
- ✕ Premium research and advisory services may involve additional charges.
- ✕ Advanced trading tools are more beneficial for experienced traders than casual investors.
- ✕ Intraday brokerage can be comparatively expensive for high-frequency traders.
- ✕ Fewer free investment tools compared to some newer fintech brokers.
- ✕ Some premium features are available only under higher-value plans or subscriptions.
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