In this guide, we will compare Zerodha Vs Angel Broking share brokers in India. This article will help you to make an informed decision about which stock broker is good for you.
Key Highlights of Zerodha vs Angel Broking Overview
Similarities:
- Both are discount brokers offering trading in equity, F&O, currency, and commodities.
- Both offer free account opening and have similar brokerage charges for intraday and F&O trades (Rs 20 per trade).
- Both have user-friendly online trading platforms and provide margin trading facilities.
Differences:
- Account type: Zerodha offers a 3-in-1 account (trading + demat + savings), while Angel Broking only offers a 2-in-1 account (trading + demat).
- Research and support: Angel Broking provides free advisory, research reports, and trading tips, while Zerodha does not.
- AMC charges: Zerodha has slightly higher annual maintenance charges for both trading and demat accounts.
- Minimum brokerage: Angel Broking has a minimum brokerage of Rs 20 for F&O trades, while Zerodha has a flat Rs 20 fee for all trades.
- Other features: Zerodha offers additional features like GTT orders, API access for automated trading, and margin funding for delivery trades, which Angel Broking does not.
- Customer service: Angel Broking has a wider reach with branches across India, while Zerodha is primarily online-based.
Pros and Cons:
Angel Broking:
- Pros: Free research and support, dedicated RM, wider branch network.
- Cons: No 3-in-1 account, limited GTT functionality, no margin funding for delivery.
Zerodha:
- Pros: Zero brokerage for equity delivery and direct mutual funds, flat brokerage for all segments, advanced features like GTT and API access.
- Cons: No free research and support, no dedicated RM, limited offline presence.
In case you are in hurry and want a quick comparison of Zerodha Vs Angel Broking, here it is:
While comparing Zerodha Vs Angel Broking, Both are Discount Broker and offers INR 20 brokerage plans. Angel One is traditional broker, which is now shifting to the online brokerage, where Zerodha is an online discount broker.
So, to make a decision, we have taken base to their trading platform, where we observed that Zerodha has the best trading platforms with much added features.
Zerodha Vs Angel Broking Overview
About Angel Broking
Incorporated in 1987, Angel Broking is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 900 branches across India.
Angel Broking trading account opening charges are Rs 0 (Free) and Angel Broking Account AMC Charges are Rs 240 per annum.
About Zerodha
Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Zerodha offers a wide range of investment services. It provides trading and investment options in stocks, mutual funds, commodities, currency derivatives, bonds, and more.
The account opening charges for Zerodha are Rs 200, and Zerodha imposes an annual AMC (Annual Maintenance Charge) of Rs 300 for its Demat Account.
| Particulars | Zerodha | Angel Broking |
| Founders | Nithin Kamath | Dinesh D. Thakkar |
| Year of Incorporation | 2010 | 1987 |
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE, MCX and NCDEX | BSE, NSE, MCX, NCDEX |
| Number of Branches | 22 | 900 |
| Headquarter | Bangalore, India | Delhi, India |
What is Demat Account?
A Demat account is used for holding securities/shares in electronic form, and the securities are deposited through National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Comparing Zerodha vs Angel Broking
Angel One trading account opening charges is Rs 0 (Free), whereas Zerodha charges Online Rs 200 (Equity +Currency) and Rs 300 (Equity +Currency +Commodities) for account opening.
What is Demat AMC Charges?
When you open a Demat account with a Depository Participant (DP) or a stockbroker, you need to pay an annual fee for the maintenance of your Demat account. This fee is called as the Demat AMC charge.
Comparing Zerodha vs Angel Broking
Angel One Demat Account AMC Charges is Rs 240 and Zerodha Demat Account AMC Charges is Rs 300.
| Account opening charges | Angel One | Zerodha |
| Trading Account Opening Charges | Rs 0 (Free) | Rs 200 |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 240 | Rs 300 |
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Zerodha Vs Angel Broking Brokerage
| Account Type | Angel One | Zerodha |
| Equity Delivery | Rs 0 (Free) | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order or 0.25% (Whichever Is Lower) | Rs 20 per executed order or .03% whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.25% (Whichever Is Lower) | Rs 20 per executed order or .03% whichever is lower |
| Equity Options | Rs 20 per executed order or 0.25% (Whichever Is Lower) | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or 0.25% (Whichever Is Lower) | Rs 20 per executed order or .03% whichever is lower |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or 0.25% (Whichever Is Lower) | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | Rs 20 per executed order | Rs 20 per executed order |
Zerodha Vs Angel Broking Other Charges
| Type of Other Charges | Angel One | Zerodha |
| Minimum Brokerage | Equity Rs 20 | F&O Rs 30 | 0.03% in Intraday and F&O |
| Other Charges | – | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS |
| Call & Trade Charges | Additional Rs 20 per executed order | Rs 50 per executed order |
Zerodha Vs Angel Broking Transaction Charges
| Angel One | Zerodha | |
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Intraday | NSE Rs 335 per Cr (0.00335%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Futures | NSE Rs 195 per Cr (0.00195%) (each side) | NSE Rs 190 per Cr (0.0019%) |
| Equity Options | NSE Rs 5300 per Cr (0.053%) (on premium) | NSE Rs 6250 per Cr (0.0625%) (on premium) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) | NSE Rs 90 per Cr (0.0009%) | BSE Rs 25 per Cr (0.00025%) |
| Currency Options | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| Commodity | MCX Rs 150 per Cr (0.0015%) | NCDEX Rs 300 per Cr (0.003%) | Group A – Rs 260 per Cr (0.0026%) |
Zerodha Vs Angel Broking Leverage (Margin)
| Angel One | Zerodha | |
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Zerodha Vs Angel Broking Features
| Angel One | Zerodha | |
| 3 in 1 Account | No | No |
| Charting | Yes | Yes |
| Automated Trading | Yes | Yes |
| SMS Alerts | Yes | No |
| Online Demo | Yes | Yes |
| Online Portfolio | Yes | No |
| Margin Trading Funding | Yes | No |
| Margin Against Shares (Equity Cash) | Yes | Yes |
| Margin Against Shares (Equity F&O) | Yes | Yes |
| Trading Platform | Angel One App (Mobile), Angel Eye (Website), Angel Speedpro (Trading Terminal) | Kite Web, Kite Mobile for Android/iOS and Coin |
| Intraday Square-off Time | 3:15 PM | Equity Cash: 3:15 PM, Equity F&O : 3:25 PM, Currency: 4:45 PM |
Customer Support – Compare Angel Broking with Zerodha
| Customer Service Compare | Angel One | Zerodha |
| 24/7 Customer Service | No | No |
| Email Support | Yes | Yes |
| Online Live Chat | Yes | No |
| Phone Support | Yes | Yes |
| Toll Free Number | No | No |
| Through Branches | Yes | Yes |
| Customer Care Number | 022-33551111/022-42185454 | “+ 91 80 4040 2020” |
| Account Opening Process | Online/Paperless | Online/Paperless |
| Customer Support Email | support@angelbroking.com | support@zerodha.com |
| Knowledge Center/Education | https://www.angelone.in/knowledge-center | https://zerodha.com/varsity/ |
| Head Office Address | Angel One Limited, G-1, Ackruti Trade Centre, Road No. 7, MIDC, Andheri (E), Mumbai – 400 093. | Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore – 560078 |
| Website | https://www.angelone.in/ | https://zerodha.com/ |
Zerodha Vs Angel Broking Investment Options
| Investment Options | Angel One | Zerodha |
| Stock / Equity | Yes | Yes |
| Commodity | Yes | Yes |
| Currency | Yes | Yes |
| IPO | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Bond / NCD | Yes | No |
| Debt | Yes | No |
Zerodha vs Angel Broking Research Report
| Angel One | Zerodha | |
| Daily Market Report | Yes | No |
| Free Tips | Yes | No |
| Quarterly Result Analysis | Yes | No |
| News Alerts | Yes | No |
Angel One Vs Zerodha – Pros and Cons
| Angel One | Zerodha | |
| Pros | For intraday and F&O trades, there is a fixed brokerage of Rs 20 per trade. Online trading platforms are user-friendly and easy to use. Free advisory, research reports and trading tips. Trade on margin and use securities as collateral. You will get a dedicated RM. | Zero account opening fee. Zero brokerage and direct investment for Mutual Funds. Flat Rs 20 per trade brokerage across all other segments. Margin Trading Facility (MTF) is available at interest rate of Rs 20 per day for slabs of Rs 40,000. You can avail margin against share. Online IPO, FPO, Bonds, and NCD’s are available. Good-Till-Triggered (GTT) orders are available. |
| Cons | Angel Broking does not offer a 3-in-1 account. No trading services for SME shares. The Angel Relationship Manager (RM) and sales team attempt to sell other products and services to customers. The facility to place Good Till Cancelled (GTC) or Good Till Triggered (GTT) orders is not available. | No margin funding for delivery trades. Doesn’t offer stock tips or recommendations. No 3-in-1 account facility. Doesn’t offer API access for automated trading. No NRI trading. No BTST (Buy Today Sell Tomorrow) calls Doesn’t offer digital gold. Automatic settlement charges an additional Rs 50 per executed order. Intraday square-off at 3 PM, where Zerodha allows square off at 3:15 PM. |
