The article compares the comparison between Angel Broking (a full-service broker having flat brokerage rates) vs Zerodha (a discount broker).
The detailed comparison will help you decide better in choosing one of the stockbrokers.
But before that below is the quick overview of Zerodha Vs Angel Brokering
| 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 0.01% |
| Charges for Call and Trade | Rs. 20 per order | Rs. 20 per order |
| Margin for Intraday | Up to 6 times | 3 to 12.5 times |
| 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 |
| Apply Now | Open Angel Broking Account | Open Zerodha Account |
Read ahead if you haven’t made up your mind and want more information about 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. Flat brokerage rates can save huge money if you trade high volumes.
The charges for equity delivery trades are Zero.
You need to pay a maximum of Rs. 20 per trade across the trading segment irrespective of the trading volume.
| 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 |
If you are not in a position to access your trading app or platform then you can trade using call service. 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 Best For
If you are looking for an advanced trading platform or a mobile app for day trading then you should go with Angel Broking.
You would benefit from the flat brokerage of Rs. 20 per trade and 6-8 times margins for day trading.
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
Zerodha Demat & Trading Account Review
Zerodha is a discount broker with 120 branches and partner offices across India. Zerodha introduced the discount broking model in India for the first time.
Today if you ask anyone “Where should I open a demat account?” and the first reply would be Zerodha.
But that does not mean that you should blindly follow. You can check below for yourself whether Zerodha fits your trading style.
First of all, the delivery trade in Equities is free of charge at Zerodha. For the rest of the segment, you need to pay a maximum of Rs. 20. That is the USP of Zerodha.
You can trade & invest in following assets using Zerodha
- Stocks
- Derivatives – Stocks, Commodity and Currency
- IPO
- Direct mutual funds
- Bonds and Govt-Securities
New traders can check the Zerodha Varsity and their Trading QnA portal for learning basic to advanced topics related to stock investment & trading.
Zerodha Brokerage Charges
Zerodha charges a maximum of Rs. 20 per 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, FNO, Commodity | Lower of Rs. 20 per executed order or 0.01% |
But the other products and value-added services like Screeners, Stock reports and Smallcase are charged. 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.
You can find the charges as under;
Zerodha Margin Provided
The Margin for Intraday (MIS) is as under;
| Segment | Margin |
| Equity Intraday | 3 to 12.5 times depending on the scrip |
| Index Futures | Margin required is 35% of the normal margin (NRML) |
| Equity Futures | Margin required is 45% of the normal margin (NRML) |
| Index Option Writing | Margin required is 35% of the normal margin (NRML) |
| Stock Option Writing | Margin required is 45% of the normal margin (NRML) |
| Currency Futures & Option Writing | 50% of the normal margin (NRML) |
| Commodity Futures & Option Writing | 50% of the normal margin (NRML) |
You can use the Zerodha Margin Calculator for knowing the scrip-wise intraday margin.
However, the details of BO & CO margins are not available upfront, but there is a BO&CO margin calculator which you can make use of.
Like for example, if you want to place a CO sell order for “Asian Paints” then you should indicate the quantity, price and stop-loss price.
On clicking “Calculate” the BO&CO you will get the margin details on the top right-hand corner;
Zerodha Account Opening Charges
Charges for opening an account online with Zerodha are
| Particulars | Charges |
| Trading and Demat account 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 Best For
Zerodha is best for regular traders who don’t want to pay high brokerage and are happy to trade in low margins.
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
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 Intraday | Rs. 20 per trade | Lower of Rs. 20 per executed order or 0.01% |
| Equity Futures | Rs. 20 per trade | Lower of Rs. 20 per executed order or 0.01% |
| Currency Futures | Rs. 20 per trade | Lower of Rs. 20 per executed order or 0.01% |
| Commodity Futures | Rs. 20 per trade | Lower of Rs. 20 per executed order or 0.01% |
| Equity Options | Rs. 20 per order | Rs. 20 per executed order |
| Currency Options | Rs. 20 per order | Lower of Rs. 20 per executed order or 0.01% |
| Commodity Options | NA | Lower of Rs. 20 per executed order or 0.01% |
| Call and Trade Facility | Yes | Yes |
| Charges for Call and Trade | Rs. 20 per order | Rs. 20 per order |
| Margin | Angel Broking | Zerodha |
| Margin for Intraday | ||
| NSE/ BSE Cash | Up to 6 times | 3 to 12.5 times depending on the scrip |
| Stock Futures | Up to 6-8 times | Margin required is 45% of the normal margin i.e. 2.222X |
| Stock Option Sell | Up to 6-8 times | Margin required is 45% of the normal margin i.e. 2.222X |
| Currency F&O | Up to 6-8 times | 50% of the normal margin i.e. 2X |
| MCX Futures | Up to 6 times | 50% of the normal margin i.e. 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 3.0Zerodha 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
Discount brokers are best when you have time to do your own research. You can only expect a decent trading platform and flat brokerages.
Both Angel broking and Zerodha have a fee of Rs. 20 per trade and give you a robust trading platform. You can go for Angel Broking if you are looking for slightly higher margins, advisory service and Speed Pro trading platform.
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