If you are looking for an advisory broker and don’t do trading then Angel broking is a good option. But if you are a trader or want to start trading then Zerodha is best the option to choose
Let’s have a look at the side by side comparison between Zerodha vs Angel Broking
Particulars |
Angel Broking |
Zerodha |
Can trade-in |
Stocks, Equity F&O, Currency F&O and
Commodity F&O |
Stocks, Equity F&O, Currency
F&O, Commodity F&O Bonds and Govt-Securities |
Brokerage Charges |
Angel Broking |
Zerodha Brokerage |
Equity delivery |
Rs.0 |
Rs.0 |
Equity Intraday, Futures, Options, Currency,
Commodity |
Rs. 20 per trade |
Lower of Rs. 20 per executed order or 0.03% |
Charges for Call and Trade |
Rs. 20 per order |
Rs. 50 per order |
Margin for Intraday |
Up to 6 times |
Up to 15X |
Account Opening Charges |
Rs 699, for free click here |
Rs 200, for free 300 Rewards Points click here |
Demat AMC Fees |
First Year – Free From Second Year onwards – Rs.
450 |
Rs.300 |
Apply Now |
Read ahead to check the detailed review of both the Angel broking Demat account and Zerodha Demat account
Angel Broking Demat & Trading Account Review
Angel (read full angel broking review)
is a 30-year-old broking company with a pan-India presence across 1,800 cities.
Angel Broking has a robust Speed Pro trading platform for traders looking to execute orders without hang even during the last trading session.
This is important for traders who want to play safe and protect their profits on day ends.
They do not mind paying a bit more for
it. That is why Angel Broking has over 1.11 million active broking accounts and
manages client assets worth over Rs. 113.02 billion.
Angel
Brokerage Charges
Angel Broking is a full-service stockbroker with a flat discount brokerage of Rs. 20 per trade across the
trading segment.
The charges for equity delivery trades are Zero.
- Equity Delivery: Rs. 0
- Equity Intraday: Rs. 20 per trade
- Futures – Equity, Commodity, Currency: Rs. 20 per trade
- Options – Equity, Currency: Rs. 20 per order
Angel Broking provides a “Call &
Trade” facility at an additional charge of Rs 20 per order.
Margin Provided
Angel broking offers margins on intraday (MIS) products and Bracket Orders (BO) products.
You get a decent margin of 6 to 8 times for intraday (MIS) trading in Equity, Futures (stock & index) and Option writing. Any new day trader will be more than happy taking a position of Rs. 1,00,000 by paying Rs. 12,500 as margin.
But the margins for commodity F&O is restricted up to a maximum of 4 times on NCDEX and 6 times for trading on MCX exchange.
Angel Broking provides margins for Bracket Order (BO) only on Angel Speed Pro.
In Bracket Orders (BO) a stop loss and profit-taking orders are placed simultaneously with the initial order.
For example, suppose the market price of stock A is Rs. 700 for which you want to place a buy BO order.
When you enter the order, you will also need to enter a Stop loss order (which can be at Rs. 696) and a profit-taking order (that can be placed at Rs. 705).
The buy BO order at Rs 700 gets executed immediately. Whereas, one of the two orders (profit taking or stop loss) gets executed with time. When that happens the other order gets cancelled automatically which makes the trade comparatively less risky.
Account
Opening Charges for Angel Broking Demat Account
- Trading account opening charges (One time): Rs. 699, for free click here
- Demat Account: Rs. 0
- Annual maintenance charges: First Year – Free, from second year onwards – Rs. 450
Angel Broking brokerage house also gives
you the option to pay a lifetime AMC (charged upfront once) of Rs. 2500 under
the “LIFE 2500” scheme
Angel Broking Trading Platforms Review
#1. Angel Broking App
Angel Broking mobile app allows access
to markets, charts and even trade through the smartphone.
One can check multiple indexes with real-time prices. You can also access ledgers, contract notes, P&L statements and can transfer funds & securities from the app itself.
The app can be used to get the Angel’s ARQ personal advisory service, live market data and make UPI based payments.
#2. Angel Broking Trade
Angel Broking trade is a web-based
trading platform with a simplified interface that provides automatic updates of
all transactions and also track portfolio performance.
One can even invest in Mutual funds, commodities, currencies, mutual funds, bonds, and initial public offerings (IPOs) through Angel Broking trade.
Angel Broking trade platform can be used to manage the wealth/ account of the entire family with a single login.
#3. Angel Speed Pro
Angel Speed Pro is a trading software
that can be downloaded on your laptop and desktop. The app can be used on
multiple PCs for trading.
Speed Pro provides direct market access along with advanced technical analysis. You can track your portfolio, get instant market news and an option to watch and update live market data in excel.
Angel Broking Pros
Zero brokerage for delivery trades
A fixed brokerage of Rs. 20 per trade
Angel Broking Cons
Low margins as compared to other
discount brokers
Does not discloses margin for BO trades
Angel Broking Best For
If you are looking for a full-service
broker, who charges a flat brokerage of Rs. 20 per trade like other discount brokers then you can go for
Angel Broking.
Open Angel brokering account now
Zerodha Demat & Trading Account Review
Zerodha introduced the discount broking model in India for the first
time by offering a flat brokerage of Rs 20 per trade. Equity delivery is free.
If you ask anyone “Where should I open a Demat account?” and the first reply would be with Zerodha.
Zerodha’s advanced trading platform for technical analysis and good customer support is the main reason behind the word of mouth.
You can trade & invest in the following assets using Zerodha:
- Stocks
- Derivatives – Stocks, Commodity and Currency
- IPO
- Direct mutual funds
- Bonds and Govt-Securities
- Zerodha charges a maximum of Rs. 20 per executed order irrespective of the trading volume. This helps you trade high volumes.
- Equity Delivery: Rs. 0
- Equity Intraday, Futures, Options, Currency, F&O, Commodity: Lower of Rs. 20 per executed order or 0.03%
You can use value-added services from Zeordha’s official partners like Screeners, Sensibull, Stock reports and SmallCase by paying a nominal fee. For example, you need to pay Rs. 150 per month for a stock report.
This makes Zerodha suitable for traders who do their own research. New traders who do not mind paying extra money for additional services can also look forward to having an account with Zerodha.
Zerodha Margin Provided
The Margin for Intraday (MIS) is as under;
- Equity Intraday: Up to 15 times depending on the scrip
- Index Futures: 4.16X
- Equity Futures: 3.33X
- Index Options: 4.16X
- Stock Options: 3.33X
- Currency Futures: 2X
- Commodity Futures: 2X
Zerodha Account Opening Charges
Charges for opening an account online with Zerodha are
- Trading and Demat account (Equity, F&O and Currency) opening charges: Rs. 200
- Commodity Account: Rs. 100
- Trading account annual maintenance charges: Rs. 0
- Demat account annual maintenance charges: Rs. 300
For offline account opening, there is an additional charge of Rs. 300.
Zerodha Trading Platforms
#1. Kite Mobile
Zerodha Kite Mobile trading app
Kite Mobile app allows you to trade and monitor live streaming data
from BSE, NSE and MCX. You can use the app to look at charts with over 100
indicators and trade intraday with BO and CO order placement facility.
Kite Mobile App is available for both iOS and Android smartphones. The app has a biometric (fingerprint and Face ID – iOS) 2FA login for better security. Kite mobile app is light and requires fewer than 0.5 Kbps for a full MarketWatch.
#2. Kite 3.0
Kite 3.0 is a free web-based trading and investment platform for all
Zerodha customers. The platform can be used for trading on mobile, tablets,
desktop and laptops. One has access to 90,000+ stocks and F&O contracts
across BSE, NSE and MCX.
The platform has a sleek user interface with real-time widgets and options for advanced charting.
However, there are reviews of the Kite platform getting hanged in the last hours of trading due to order overloads. This can turn a profit position into a loss quickly.
Kite Connect API
#3. Sentinel
Sentinel helps you set alerts on the cloud for over 80,000+ stocks,
bonds, commodities, F&O contracts and currencies across different
exchanges.
You can set alerts based on the price and on 20+ data points like OHLC, bids and offers.
#4. Zerodha PI (Installable Application)
Zerodha PI is an exe based downloadable & installable trading terminal with features like advanced charting, algos, strategies, and backtesting.
Zerodha PI application helps you to trade across segments at BSE, NSE and MCX.
Zerodha Pros
No brokerage charges for delivery
Fixed & low brokerage irrespective of trade volume
No minimum balance required to open and maintain the account
Zerodha Cons
Frequent delays and service down during trading hours
The margin provided is low as compared to other discount brokers
Does not upfront discloses margin for CO & BO trades
Zerodha Best For
Zerodha is best for regular traders who want to save money on
brokerage required higher margins and looking for advanced trading platforms
for technical analysis.
Quick link to Open Zerodha Account
Angel Broking Vs Zerodha (Comparison table)
Particulars |
Angel
Broking |
Zerodha |
Type |
Full-Service
Broker |
Discount
Broker |
Can
trade-in |
Stocks,
Equity F&O, Currency F&O and Commodity F&O |
Stocks,
Equity F&O, Currency F&O, Commodity F&O Bonds and
Govt-Securities |
Can invest
in |
Mutual
Funds, IPO |
Mutual
funds, IPO through Bhim UPI |
Based
out of |
Mumbai |
Bengaluru |
Customer
Support |
Calls
and e-mail |
Through
calls, e-mails and tickets |
Forum |
None |
Trading
QnA Forum |
Program
for Traders |
None |
60-day
challenge |
Referral
Program |
Yes |
Yes |
Learning
Resources |
Angel
Academy |
Zerodha
Varsity |
Introductory
Free Trades |
No |
No |
Introductory
Wallet Credit |
No |
No |
Brokerage
Plan |
No Plans |
No Plans |
Brokerage
Charges |
Angel
Broking |
Zerodha
Brokerage |
Equity
delivery |
Rs.0 |
Rs.0 |
Equity
Currency, Commodity – Intraday, F&O |
Rs. 20
per trade |
Lower of
Rs. 20 per executed order or 0.03% |
Commodity
Options |
NA |
Lower of
Rs. 20 per executed order or 0.03% |
Charges
for Call and Trade |
Rs. 20
per order |
Rs. 50
per order |
Margin
for Intraday |
Angel
Broking |
Zerodha |
NSE/ BSE
Cash |
Up to 6
times |
Up to 15
times depending on the scrip |
Stock
Futures |
Up to
6-8 times |
3.33X |
Stock
Options |
Up to
6-8 times |
3.33X |
Currency
F&O |
Up to
6-8 times |
2X |
MCX
Futures |
Up to 6
times |
2X |
NCDEX
Futures |
Up to 4
times |
N.A. |
Margin for
OC/ OCO/ BO |
It does
not disclose upfront. |
It does
not disclose upfront. You need to use BO&CO margin calculator |
Account
opening |
Online |
Both
online and offline |
Account
Opening Charges |
Angel
Broking |
Zerodha |
Demat
Account |
Rs.0 |
Charges
for Demat & Trading account is clubbed – Rs. 200 |
Trading
Account |
Charges
for Demat & Trading account is clubbed – Rs. 200 |
|
Demat
AMC Fees |
First
Year – FreeFrom Second Year onwards – Rs. 450 lifetime
AMC - Rs. 2500 |
|
Commodity
Account |
Opened
along with trading account |
Rs.100 |
3-in-1
account |
None |
Zerodha
IDFC First Bank 3-in-1 account |
Trading
Platforms |
Angel
Broking App |
Zerodha
Kite 3.0 |
Cloud
Alert Tool |
None |
Sentinel |
APIs |
Yes |
Yes |
Trading
App |
Angel
Broking App |
Kite
Mobile App |
Open
Account |
Conclusion:
Open an account with Zerodha if you are looking for a discount
broker who provides a decent trading platform, flat brokerages and higher
margin.
You can go with Angel broking if you are looking for
full-service broker with advisory service.
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