I have done the comparison between Angel Broking (a full-service broker having flat brokerage rates) vs Zerodha (a discount broker) in this article.
If you are looking for advisory broker and don’t do trading then Angel broking is a good option. But if you are 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 | Rs 200 |
| Demat AMC Fees | First Year – FreeFrom Second Year onwards – Rs. 450 | Rs. 300 |
| Apply Now | Open Angel Broking Account | Open Zerodha Account |
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 at 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 Broking offers stock trading, advisory services, margin funding, loans against shares and mutual fund distribution.
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.
| Trading Segment | Brokerage Charges |
| 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 a 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 canceled automatically which makes the trade comparatively less risky.
Account Opening Charges for Angel Broking Demat Account
You can open Angel Broking 2-in-1 (trading + demat) account online by filling in the form.
Charges for opening Angel Broking Demat and Trading Account
| Particulars | Charges |
| Trading account opening charges (One time) | Rs. 699 |
| Demat Account | Rs. 0 |
| Annual maintenance charges | First Year – FreeFrom 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 tracks 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.
Check out – Best discount broker in India
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 then you can go for Angel broking.
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 following assets using Zerodha
- Stocks
- Derivatives – Stocks, Commodity and Currency
- IPO
- Direct mutual funds
- Bonds and Govt-Securities
Zerodha Brokerage Charges
Zerodha charges a maximum of Rs. 20 per executed order irrespective of the trading volume. This helps you trade high volumes.
| Trading Type | Brokerage Charges |
| 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;
| Segment | Margin |
| 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
| Particulars | Charges |
| 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
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 loss quickly.
Kite Connect API
Zerodha provides you access to the Kite Connect APIs. The Kite Connect is an HTTP/JSON API that you can use to build your own applications.
#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.
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 | Angel Broking | Zerodha |
| Margin for Intraday | ||
| 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 | Rs.699 | Charges for Demat & Trading account is clubbed – Rs. 200 |
| Demat AMC Fees | First Year – FreeFrom Second Year onwards – Rs. 450 | Rs. 300 |
| 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 AppAngel Broking TradeAngel Speed Pro | Zerodha Kite 3.0 Zerodha PI |
| Cloud Alert Tool | None | Sentinel |
| APIs | No | Yes |
| Trading App | Angel Broking App | Kite Mobile App |
| Open Account | Open Angel Broking account | Open Zerodha Account |
FAQs
Q: What is STT?
A: Securities Transaction Tax (STT) is levied by the government of India on all types of equity trades. The equity trades include delivery, intraday and derivatives trades.
STT is even applicable on the sale of an equity-oriented mutual fund, ETF and offer for sale.
Q: What is an IPO?
A: Initial Public Offering or IPO is a process by which a private company becomes a public limited company. This can be done by the private company by offering its shares to the public for the first time.
Q: Who can open a demat and trading account?
A: Any individual (resident of India and NRI’s) with the required proof of identification, proof of address, proof of income can open a demat account.
The demat and trading account is required to purchase and sell securities and other instruments through the stock exchanges in India.
Q: Can an individual take delivery in currency?
A: NO, in India only currency futures and options can be traded. The currency F&O trading is cash-settled.
Q: What is the market timings for currency trading?
A: The currency can be traded on Indian stock exchanges from 9 am to 5 pm.
Conclusion
Open 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.
Leave a Reply