Zerodha vs Angel Broking: Stockbroker Comparison
Zerodha vs Angel Broking Comparison: Zerodha and Angel Broking are two of the best and biggest discount brokers in India. In this article, we are going to compare Zerodha vs Angel Broking by looking into their brokerage charges, account opening charges, maintenance charges, exposure margin, trading platforms, pros, cons, and more.
This comparison between Zerodha vs Angel Broking will highlight the major differences between these two stockbrokers and help you choose the best between them based on your preferences.
Zerodha, founded in 2010 by Nitin Kamath, is the biggest stock broker in India and perfect for traders & investors looking for low brokerage, easy interface, and reliable trading platform. It has over +2.2 million clients that contribute to over 15% of daily retail trading volumes across BSE, NSE, and MCX.
In terms of brokerage charges, Zerodha offers a zero brokerage for delivery equity investment & direct mutual fund investments. For all intraday, F&O, currency, and commodity trades across NSE, BSE, MCX, it offers a flat brokerage of ₹20 irrespective of the trading volume. Therefore, you can save a lot of brokerage charges on your trades using Zerodha as your broker.
Angel Broking Introduction
Incorporated in 1987, Angel broking is a big brand having +30 Years of experience in the broking world and +1 million happy customers. They have a presence in over 1800+ cities in India and a strong network of 8500+ sub-brokers. Angel Broking offers the trading facility in Equity, F&O, Commodities, and currency across BSE, NSE, NCDEX & MCX.
In the past, Angel Broking worked as a full-service broker and offered a percentage based brokerage charge to its clients for over two decades. However, they recently changed their business model (Nov 2019) from percentage brokerage to flat rates to compete with rapidly growing discount brokers like Zerodha, 5Paisa, Upstox, etc.
Angel Broking now offers a flat rate brokerage plan, named ‘Angel iTrade PRIME’. Here, the delivery trading is FREE of cost. And for all other segments i.e. Intraday, F&O, Currencies & Commodities, they charge a fixed rate of ₹20 per trade. The same simple rate is applicable across all exchanges and segments.
One of the key advantages of trading with Angel Broking is that they provide investment advisory, guidance, and recommendations to their clients for investing in the stock market. Further, they also offer research reports on companies along with many other value-adding tools and services to their clients for free.
Zerodha vs Angel Broking Comparision
|About||Zerodha is the largest stockbroker in India with +1.5 million clients and +10% of daily retail trading volumes across NSE, BSE, MCX. Located at Bangalore, Zerodha offers zerod brokerage on delivery trading and a flat rate of 0.03% or Rs 20 per executed on all other segments.||Incorporated in 1987, Angel broking is a big brand having +30 Years of experience in the broking world and +1 million happy customers. They have a presence in over 1800+ cities in India and a strong network of 8500+ sub-brokers. Angel Broking offers free delivery trades and flat charge of Rs 20 for all other trades|
|# of Active Clients on NSE (Nov 2019)||9,09,008||4,12,809|
|Broker Service||Discount Broker||Full-Service Flat rate Broker|
|Supported Exchange||NSE, BSE, MCX, NCDEX||NSE, BSE, MCX, NCDEX|
|Brokerage Summary||Free for Delivery Trading and Rs 20 for all other trades||Free delivery trades and flat charge of Rs 20 for all other trades|
|Servies offered||Equity, Derivatives, Currency, Mutual Funds & Commodities||Equity, Derivatives, Commodity, Currency, PMS, Life Insurance, ETFs, IPOs & Mutual Funds.|
|Account Opening Charge||Rs 200||Rs 699 (Currently Waived)|
|Commodity Trading Opening charge||Rs 100||Rs 0|
|Annual Maintenance Charge||Rs 300||Rs 450 (Second years onwards)|
|Trading Platform||Kite 3 Web baased trading platform, Kite Mobile, Kite Connect API, Console, Pi, Sentinel, Coin||Angel iTrade, Angel Broking Mobile App, Angel SpeedPro, Angel BEE|
|Equity Intraday||Rs 20/ trade or 0.03% whichever is lower||Rs 20 per trade|
|Equity Future Charges||Rs 20/ trade or 0.03% whichever is lower||Rs 20 per trade|
|Equity Options Charges||Flat Rs. 20 per executed order||Rs 20 per trade|
|Currency future charges||Rs 20/ trade or 0.03% whichever is lower||Rs 20 per trade|
|Currency options charges||Rs 20/ trade or 0.03% whichever is lower||Rs 20 per trade|
|Commodity Charges||Rs 20/ trade or 0.03% whichever is lower||Rs 20 per trade|
|Minimum brokerage fees||0.03% Minimum||Flat Charges Rs 20|
|Call & Trade Charges||Rs 20 per executed order||Additional Rs 20 per executed order|
|Equity Margin Delivery||No margin for delivery - Cash and carry||Upto 3x for equity cash|
|Equity Margin Intraday||Upto 20x (Based on stock)||Upto 6x|
|Equity margin futures||Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin||Upto 10x (Buying/Selling)|
|Equity margin options||Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin||Upto 10x (Selling) and 3x (Buying)|
|Commodity Margin||Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin||Upto 5x|
|Currency futures||Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin||Upto 8x|
|Currency Options||Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin||Upto 8x (Selling) and 3x (Buying)|
|3-in-1 Account||Yes, with IDFC Bank||No|
|Research & Tips||No||Yes|
|Span Margin Calculator||Yes||Yes|
|Training & Education||Yes||Yes|
|Margin Against Shares (Equity Cash)||Yes||Yes|
|Margin Against Shares (Equity F&O)||Yes||Yes|
|Other Features||Direct Mutual fund investments, Kite APIs, Sentinel, Streak, Sensibull||Research reports, Portfolio management system (PMS), Insurances|
|Pros||Zero brokerage charges for delivery trading, Simple and flat brokerage model in all other segments, Excellent trading platforms, Easy & fast online account opening, Direct mutual fund investments, Maximum brokearge of Rs 20||Free delivery trades; Full-Service Broker with Flat charges; Services offered in Equity, Mutual funds, Commodities, IPOs, PMS, Life insurances; Customised trading help; Robo Order, High Margin|
|Cons||No stock advisory or research reports||Angel Broking doesn't offer 3-in-1 account, Higher Maintenece charges|
|Promotion/Offer||Free delivery equity trading and Rs 20 or 0.03% wihchever is lower brokerage charge on all other trades||Right now - FREE Account Opening (Opening Charges 100% Waived)|
|Website||Quick Link to Open Account||Quick Link to Open Account|
*Disclaimer: All pricing data was obtained from the published stockbroker’s web site as of 02/04/2020 and is believed to be accurate, but is not guaranteed. Account opening charges, margins, etc can vary from time to time depending on the active campaigns by the brokers and hence recommended to refer to the broker’s website for the latest updates.
- How to Open a Demat and Trading Account at Zerodha?
- How to Open [FREE] Demat Account at Angel Broking?
- 8 Best Discount Brokers in India – Stockbrokers List 2019
Both Zerodha and Angel Broking offers low (flat) brokerage and fast trading platforms for their clients.
Zerodha, being the biggest discount broker in India with over 22 lakh clients obviously adds trust and brand value. Moreover, Zerodha’s innovative initiatives like educational facility (Varsity), free direct mutual fund investments through COIN, investment in IPO’s from the same dashboard, partner portals like Streak, Sensibull, etc create more value for their clients.
On the other hand, Angel broking has built its reputation with over +30 years of experience in the broking industry. Since Angel Broking is a full-service broker, it offers a lot more segments than Zerodha like Portfolio management Services & Life Insurance. Moreover, a few notable advantages of Angel Broking over Zerodha is that they offer Research reports and robo-advisory to their clients, which Zerodha don’t.
Overall, if you’re looking for full-service facilities like investment advisory, Research reports, Robo-advisory, PMS, etc, then Angel Broking is a good alternative.
Nonetheless, if you wish to trade/invest on your own, but looking for essential add-on products like learning platform, Sensibull, Streak, etc and a user-friendly innovative trading platform, Zerodha is the go-to broker. Zerodha offers a little more benefits compared to Angel Broking for independent traders and investors.