Zerodha vs Angel Broking – Broker Comparison

Zerodha is an Indian Discount Broker founded in the year 2010 its headquarters is located in Bengaluru. It offers retail and institutional broking, currency and commodities trading, mutual funds and bonds. They are the largest retail stockbroker in India, they contribute about 10% of daily retail volumes across Indian stock exchanges.

Angel Brokerage is the Indian Full-Service broker established in 1987 and its headquarters is located in Mumbai They provide both financial services as well as wealth management solution. They offer financial services such as stockbroking, depository services, commodity trading and investment advisory services. And wealth management solutions like personal loans and insurance.

Choosing between the two brokers should be based on your risk appetite, capital in your account and your understanding of the stock market. We have prepared a list of factors which plays an important role in influencing the decision of choosing a buyer. Kindly find the below comparison.


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Broker Comparison

 
Zerodha ReviewAngel Broking Review
Overview
Year of Incorporation20101987
No. of Branches across India118500
Type of BrokerDiscount BrokerFull-time service broker
Exchanges Registered WithNSE, BSE, NCDEX and MCXBSE, NSE, MSX, NCDEX, CDSL and SEBI
Account Charges
Trading Account Opening chargesINR 200INR 15
Demat Account Opening ChargesINR 100INR 20
Trading Account AMCINR 0INR 600
Demat Account AMCINR 300INR 699 (per Year Free)
Mandatory Demat AccountNoyes
Brokerage Charges
Equity DeliveryFree0.00325%
Equity Futures0.01% or INR 20 whichever is lower0.00190%
Equity Intraday0.01% or INR 20 whichever is lower0.00325%
Equity OptionsFlat INR 200.05%
Currency OptionsFlat INR 200.05%
Currency Futures0.01% or INR 20 whichever is lower0.00190%
Commodity TradingFlat INR 200.03%
Minimum BrokerageNILNIL
Exposure/Margin
Equity DeliveryNo Margin3x
Equity Futures2.5XUp to 10x
Equity IntradayUp to 20XUp to 40X
Equity Options2.5XUp to 10x
Currency Options2.5XUp to 7x
Currency Futures2.5XUp to 5x
Commodity OptionsNA10x
Commodity Future2.5XNA
Trading Platforms
Desktop Trading PlatformZerodha PISpeed Pro
Desktop Platform (Windows)CompatibleCompatible
Desktop Platform (MAC)Not CompatibleCompatible
Mobile Trading AppZerodha Kite MobileARQ
Mobile App ( Android )AvailableAvailable
Mobile App ( IOS))AvailableAvailable
Web Based Trading PlatformZerodha kite 3.0Available
Future Brokerage calculatorAvailableAvailable
Option Brokerage CalculatorAvailableAvailable
Equity Brokerage calculatorAvailableAvailable
Trading Software ChargesFreeFree
Account Features
3 In 1 AccountNot MandatoryNot Mandatory
ChartingAvailableAvailable
SMS AlertNot AvailableAvailable
Algo TradingAvailableAvailable
Online PortfolioAvailableAvailable
Online DemoAvailableAvailable
Margin TradingNot AvailableAvailable
NRI TradingAvailableAvailable
Intraday Square-off Timing3.10 PM3.15 PM
Investment Options
BankingNot AvailableNot Available
InsuranceNot AvailableAvailable
ForexNot AvailableAvailable
Mutual Fund SIPNot AvailableAvailable
Equity SIPNot AvailableAvailable
Mutual FundsAvailableAvailable
ETFAvailableAvailable
BondsNot AvailableAvailable
Currency DerivativeAvailableAvailable
CommodityAvailableAvailable
IPONot AvailableNot Available
Equity CashAvailableAvailable
Research
ETF ResearchNot AvailableAvailable
Mutual Fund ResearchNot AvailableAvailable
Equity ResearchAvailableAvailable
TipsNot AvailableAvailable
Daily ReportsNot AvailableAvailable
Quarterly Result AnalysisNot AvailableAvailable
News AlertsNot AvailableAvailable
Customer Service
Email SupportAvailableAvailable
Phone SupportAvailableAvailable
24/7 Customer ServiceNot AvailableAvailable
Online Live ChatNot AvailableAvailable
Toll Free NumberNot AvailableAvailable
Through BranchesAvailableAvailable
Additional Features
ChartingAvailableAvailable
SMS AlertsNot AvailableAvailable
Robo AdvisoryNot AvailableAvaialble
Market TipsNot AvailableAvailable
Automated TradingAvailableAvailable
3-in-1 AccountNot AvailableNot Available
Complaints (%)0.02%0.01%
Overall Rating7.2/106.8/10

Conclusion

If you are a new investor in the stock market, Angel Broking seems to provide a better deal with better customer service, attractive brokerage plans, and good quality tips.

Zerodha is known as the pioneer in the discount broking space in India and best suited for investors/traders who have sufficient experience of trading in the markets and want to pay very low brokerage.

Both the brokers offer good trading platforms to its customers at very marginal rates, and while zerodha offers free equity delivery of trades, Angel broking offers a maximum brokerage of Rs. 30 on such trades as they offer more services like Call n Trade and high-quality research reports.

Summing it up, when it comes to brokerage and Technology Zerodha wins but if you with trade offline with a relationship manager or branch office Angel Broking is best.