Most of the time retail investors get confused as to which discount broker to choose. Let’s have a look into Angel Broking vs Upstox to help you choose the best discount broker in the market.
Upstox
Upstox is a low-cost brokerage service in India that focuses on technology. It offers trading possibilities at unbelievable pricing. On its Upstox Pro Web and Upstox Pro Mobile trading platforms, the company offers trading in several areas such as equities, commodities, currency, futures, and options.
Kalaari Capital, Ratan Tata, and GVK Davix are among the investors who have funded Upstox. Trading, analysing, charting, and many other trading functions are available on the Upstox trading platform.
Orders can be placed using a mobile phone or a web browser on this platform. The Upstox trading platform is based on the Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Request Management System) (Risk Management System).
Upstox provides a completely free trading account as well as free equity delivery trading. Upstox Pro allows you to trade Equity F&O, Equity Indra-day, Commodities, and Currency Derivatives. UpStox Pro is UpStox’s paid service for traders.
Angel Broking
Angel Broking, founded in 1987, is one of India’s top full-service retail brokers, providing online discount brokerage services. Stock and commodities broking, investment counselling services, margin finance, loans against shares, and financial product distribution are among the company’s investing and trading services.
As of June 30, 2018, Angel Broking had 110 branches and 11,000 sub-broker offices across India, with a total of 1800+ cities. Angel Broking updated its brokerage programmes in November 2019 to compete with inexpensive stockbrokers like Zerodha.
Angel Broking currently provides the ‘Angel iTrade PRIME’ flat-rate brokerage package.
This plan allows customers to trade in all sectors (Intraday, F&O, Currencies & Commodities) for a set of Rs 20 per trade, with the exception of Equity Delivery, which is available to all users for free.
Across exchanges and segments, the same straightforward rate applies. Angel Broking is well-known for its superior trading tools and financial advice. Angel is the first large-scale full-service broker to offer its clients discounted brokerage prices.
Here is a Quick Link to open an Instant Account with Angel Broking and begin trading in the stock market in just a few minutes.
| Angel Broking | Upstox | |
| Pros | Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Pay flat Rs 20 per executed order across segments including Equity Intraday, F&O, Currency and Commodity. Allows trade in commodity exchanges, MCX and NCDEXEasy-to-use online trading platforms high-Quality Research ReportsFree trading software – mobile, website and trading terminal. | Zero account opening fee.Zero brokerage for trading in Equity Delivery (Cash & Carry).Zero brokerage for Mutual Fund and digital gold investment.Flat Rs 20 per trade brokerage for all other segments. Offer direct mutual funds. Free trading software for mobile and web browsers.One app for trading in equity, currency, and commodity. Margin Against Share is availableOnline IPO, FPO, Bonds, and NCD’s are available. |
| Cons | No margin funding. It does not offer the ‘Good Till Canceled (GTC) order type. It does not offer BTST facility. Unlimited monthly plans, not available.No stock tips or recommendations. It charges an additional fee for call & trade. It charges an additional fee of Rs 50 for auto-square-off done by the broker. Higher demat debit transaction charges. Upstox doesn’t offer NRI Trading and Demat Account. Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM. |
We hope you have read the pros and cons of Angel Broking vs Upstox. Comment down below and let us know which one would you choose.
