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Choice Broking Review: Is It Legit and Regulated?

Choice Equity Broking Private Limited

IN Since 2010
AKA Choice Equity Broking AKA Choice Equity Broking Private Limited

FindMyFX score

high risk

4.9/10

0 Score out of 10 10
Independent assessment Updated 2026-07-23

Contact & regulation

Official website
choiceindia.com
Address
Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai 400099, India
Contact
Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai 400099, India
Primary license
SEBI · Unverified

Missing values mean the information has not been verified or published yet—not that the broker does not provide it.

Quick verdict

Is Choice Broking legit and regulated?

FindMyFX has license records for Choice Broking, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.

This is a source-limited research summary, not a safety guarantee or investment recommendation.

Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.

Broker-provided company information

Choice Broking is the trading brand of Choice Equity Broking Private Limited, an Indian NSE member. NSE's current member page lists its Currency Futures trading-member segment as enabled.

Professional broker overview

FindMyFX editorial summary

Choice Equity Broking Private Limited is an NSE trading member with the Currency Futures segment enabled and SEBI registration INZ000160131. The reviewed evidence supports exchange-traded Indian currency futures rather than a global OTC spot-forex account, and SEBI published an adjudication order following an inspection in October 2025.

Prepared from reviewed sources for informational purposes. This is not investment advice.

Editorial note: Currency-futures availability is exchange and client-eligibility dependent; retail OTC forex conditions were not verified.

Operational status
active
Broker type
unknown
Execution model
NSE exchange-routed trading as a Currency Futures trading member.
Support hours
Not verified

Support languages: English

100%coverage

Published profile coverage

8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.

Company structure

Legal entities

Registered companies associated with this broker profile.

1 entity

Choice Equity Broking Private Limited

Primary
IN U65999MH2010PTC198714

Markets and instruments

Commodities

unverified

currency futures

unverified

Equities

unverified

Futures and options

unverified

Licenses and regulators

SEBI

INZ000160131

unverified

Last verified: Not shown

Type: Stock broker
Client class: retail
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
Open official register ↗

Risk flags

SEBI adjudication order following inspection

low · draft

SEBI published an adjudication order concerning an inspection of Choice Equity Broking Private Limited on October 30, 2025.

Score components

Regulation and licenses

7.5/10 · 35%

A current NSE member page provides a SEBI registration number and enabled Currency Futures status.

Security and track record

2.5/10 · 20%

SEBI published a 2025 adjudication order, so the track-record score remains conservative.

Trading conditions

5.0/10 · 15%

Currency-futures eligibility and client types are verified, but exact costs and leverage were not extracted.

Company transparency

7.5/10 · 10%

The exchange and official site publish legal, registration, address and contact details.

Service quality

2.5/10 · 10%

Contact channels are published, but no independently verified service metrics were found.

Verified user reviews

0.0/10 · 10%

No inspectable, independently verified user-review dataset was found in the official sources reviewed.

Profile update history

Broker profile was published.

2026-07-23

Related regulated broker profiles

These profiles share at least one recorded regulator. This is not a recommendation or equivalence claim.