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Interactive Brokers vs Cholamandalam Securities – Compare Charges, Trading Features, Offers & more

Find a Comparison of Interactive Brokers vs Cholamandalam Securities here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Interactive Brokers and Cholamandalam Securities.

Background

Year of Incorporation 1977 1978
Website https://www.interactivebrokers.co.in/en/home.php https://www.cholamandalam.com/
Phone +91 22-61289888 1800-102-4565
Exchanges enabled NSE (plus over 100 market centers across 24 countries). BSE, NSE
Demat (NSDL/CDSL) NSDL CDSL and NSDL
Brokerage

Equity 0.05% per Executed Order 0.50% per Executed Order
Equity Futures 0.01% per Executed Order 0.05% per Executed Order
Equity Options Rs 25 per lot per Rs.50 per Lot
Currency Futures 0.01% per Executed Order 0.05% per Executed Order
Currency Options 0.01% per Executed Order Rs.25 per Lot
Commodity Rs 50 per lot per Not Available
Account Opening Costs

Trading only Rs 0 Free
Trading & Demat Rs 400 Rs.300
Commodity Not Available Not Available
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325%
Futures 0.0019 % 0.0019% of Turnover
Options 0.05% 0.05% of Turnover
Commodities Not available Not Available
AMC charge NIL Rs.300 per Annum
DP Transaction Charge NIL Rs 20
Offline order placing Charge Rs 1500 per order Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 Days 7 Days
End of Day 1 Year 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 2x intraday and overnight leverage Upto 2x for Delivery & Upto 6x for Intraday
Equity Futures Upto 2x for Intraday Upto 3x
Equity Options Buying 0 & Shorting upto 2x for Intraday Upto 5x
Currency Futures Upto 2x for Intraday Upto 3x
Currency Options Buying 0 & Shorting upto 2x for Intraday Upto 3x
Commodity Not Available Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 104.1 Crores Rs (229,338) Crores
Profit after Tax FY12/13 Rs 63.01 Crores Rs 30,655 Crores
Profit after Tax FY13/14 Rs 64.75 Crores Rs 364.01 Crores
Profit after Tax FY 14/15 Rs 74.30 Crores Rs 435.16 Crores
Profit after Tax FY 15/16 Rs 89.41 Crores Rs 568.45 Crores
Profit after Tax FY 16/17 Rs 79.38 Crores Rs 719 Crores
Profit after Tax FY 17/18 Rs 79.67 Crores Rs 918 Crores
Profit after Tax FY 18/19 Rs 93.62 Crores Rs 1,186 Crores
Profit after Tax FY 19/20 Rs 89.06 Crores Rs 1,052.73 Crores
Profit after Tax FY 20/21 Rs 99.53 Crores Rs 1515.44 Crores
Profit after Tax FY 21/22 Rs 85.24 Crores Rs 2,147.94 Crores
Profit after Tax FY 22/23 Rs 78.27 Crores Rs 2,666.69 Crores
Debt FY11/12 Rs 17.67 Crores Rs 4.7 Crores
Debt FY12/13 Rs 13.43 Crores Rs 8.87 Crores
Debt FY13/14 Rs 21.88 Crores Rs 10.90 Crores
Debt FY14/15 Rs 21.05 Crores Rs 15.15 Crores
Debt FY15/16 Rs 23.05 Crores Rs 18.36 Crores
Debt FY16/17 Rs 22.53 Crores Rs 19.23 Crores
Debt FY17/18 Rs 22.09 Crores Rs 20.96 Crores
Debt FY18/19 Rs 23.67 Crores Rs 19.64 Lakhs
Debt FY19/20 Rs 21.41 Crores Rs 24.17 Crores
Debt FY20/21 Rs 24.02 Crores Rs 27.39 Crores
Debt FY21/22 Rs 27.09 Crores Rs 28.52 Crores
Debt FY22/23 Rs 21.78 Crores Rs 29.61 Crores
Profit to Equity(%) FY11/12 14.94 15.74%
Profit to Equity(%) FY12/13 7.29 16.68%
Profit to Equity(%) FY13/14 9.71 17.34%
Profit to Equity(%) FY14/15 9.01 17.73%
Profit to Equity(%) FY15/16 9.64 18.75%
Profit to Equity(%) FY16/17 10.04 18.49%
Profit to Equity(%) FY17/18 10.14 17.54%
Profit to Equity(%) FY18/19 11.34 18.53%
Profit to Equity(%) FY19/20 13.24 18.09%
Profit to Equity(%) FY20/21 12.52 19.34%
Profit to Equity(%) FY21/22 17.85 20.30%
Profit to Equity(%) FY22/23 14.56 21.18%
Balance Sheet Size FY11/12 Rs 908 Crores Rs 9,678.26 Crores
Balance Sheet Size FY12/13 Rs 977 Crores Rs 13,430.26 Crores
Balance Sheet Size FY13/14 Rs 990.08 Crores Rs 18,184.80 Crores
Balance Sheet Size FY14/15 Rs 968.51 Crores Rs 21,546.80 Crores
Balance Sheet Size FY15/16 Rs 1071.18 Crores Rs 23,873.23 Crores
Balance Sheet Size FY16/17 Rs 1098.72 Crores Rs 30,594.80 Crores
Balance Sheet Size FY17/18 Rs 1110.91 Crores Rs 44,089.73 Crores
Balance Sheet Size FY18/19 Rs 1095.94 Crores Rs 57,426.30 Crores
Balance Sheet Size FY19/20 Rs 1369.20 Crores Rs 64,002.39 Crores
Balance Sheet Size FY20/21 Rs 1391.66 Crores Rs 74,548.42 Crores
Balance Sheet Size FY21/22 Rs 1293.62 Crores Rs 82,363.68 Crores
Balance Sheet Size FY22/23 Rs 1627.43 Crores Rs 1,13,515.90 Crores

Comparison Link:

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Interactive Brokers Vs Beeline Broking Cholamandalam Securities Vs Beeline Broking
Interactive Brokers Vs Bansal Finstock Cholamandalam Securities Vs Bansal Finstock
Interactive Brokers Vs Axis Direct Cholamandalam Securities Vs Axis Direct
Interactive Brokers Vs ASE Capital Markets Cholamandalam Securities Vs ASE Capital Markets
Interactive Brokers Vs Arihant Capital Cholamandalam Securities Vs Arihant Capital
Interactive Brokers Vs Alice Blue Cholamandalam Securities Vs Alice Blue
Interactive Brokers Vs 5Paisa Cholamandalam Securities Vs 5Paisa
Interactive Brokers Vs M.stock Cholamandalam Securities Vs M.stock
Interactive Brokers Vs WisdomCapital Cholamandalam Securities Vs WisdomCapital
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Interactive Brokers Vs Ventura Securities Cholamandalam Securities Vs Ventura Securities
Interactive Brokers Vs Navia Markets Ltd Cholamandalam Securities Vs Navia Markets Ltd
Interactive Brokers Vs Tradejini Cholamandalam Securities Vs Tradejini
Interactive Brokers Vs Tata Securities Cholamandalam Securities Vs Tata Securities
Interactive Brokers Vs Swastika Investmart Cholamandalam Securities Vs Swastika Investmart
Interactive Brokers Vs SMC Global Cholamandalam Securities Vs SMC Global
Interactive Brokers Vs SBICAP Securities Cholamandalam Securities Vs SBICAP Securities
Interactive Brokers Vs SASOnline Cholamandalam Securities Vs SASOnline
Interactive Brokers Vs Samco securities Cholamandalam Securities Vs Samco securities
Interactive Brokers Vs RK Global Cholamandalam Securities Vs RK Global
Interactive Brokers Vs Reliance Securities Cholamandalam Securities Vs Reliance Securities
Interactive Brokers Vs Nirmal Bang Cholamandalam Securities Vs Nirmal Bang
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Interactive Brokers Vs Kotak Securities Cholamandalam Securities Vs Kotak Securities
Interactive Brokers Vs IIFL Securities Cholamandalam Securities Vs IIFL Securities
Interactive Brokers Vs Dhani Cholamandalam Securities Vs Dhani
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Interactive Brokers Vs HDFC Securities Cholamandalam Securities Vs HDFC Securities
Interactive Brokers Vs Geojit Cholamandalam Securities Vs Geojit
Interactive Brokers Vs Fyers Securities Cholamandalam Securities Vs Fyers Securities
Interactive Brokers Vs Edelweiss Capital Cholamandalam Securities Vs Edelweiss Capital
Interactive Brokers Vs Easytradez Cholamandalam Securities Vs Easytradez
Interactive Brokers Vs Rupeezy Cholamandalam Securities Vs Rupeezy
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Interactive Brokers Vs ICICI Direct Cholamandalam Securities Vs ICICI Direct
Interactive Brokers Vs Sharekhan Cholamandalam Securities Vs Sharekhan
Interactive Brokers Vs Groww Cholamandalam Securities Vs Groww
Interactive Brokers Vs Tradesmart Online Cholamandalam Securities Vs Tradesmart Online
Interactive Brokers Vs Upstox Cholamandalam Securities Vs Upstox
Interactive Brokers Vs Zerodha Cholamandalam Securities Vs Zerodha

Frequently Asked Questions

Is Interactive Brokers better than Cholamandalam Securities ?

Interactive Brokers and Cholamandalam Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Cholamandalam Securities better than Interactive Brokers ?

Interactive Brokers and Cholamandalam Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Interactive Brokers cheaper than Cholamandalam Securities ?

Interactive Brokers and Cholamandalam Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Cholamandalam Securities cheaper than Interactive Brokers ?

Interactive Brokers and Cholamandalam Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Interactive Brokers vs. Cholamandalam Securities ?

To find out the better of the two stockbrokers Interactive Brokers and Cholamandalam Securities, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.