Broker Battle Royale: Angel Broking vs Zerodha vs Upstox
Online trading has seen a significant surge in popularity in the last few years, with more and more people looking to invest in the stock market. The emergence of online trading platforms has made it easy for individuals to invest in stocks, mutual funds, and other financial instruments. Angel Broking, Zerodha, and Upstox are three of the most popular discount brokers in India. In this blog, we will compare the three brokers on various parameters and help you choose the best one for your investment needs.
In the current scenario, it has become important for individuals to invest in the stock market to secure their future. While investing in the stock market, selecting a suitable broker is crucial. There are various full-service and discount brokers available in the market. In this article, we will compare three popular stockbrokers in India: Angel Broking, Zerodha, and Upstox. We will analyze their features, services, and charges to help you choose the best broker for your investment needs.
For a more detailed and in-depth comparison between Paytm money and Zerodha, check out our blog on Zerodha vs Paytm.
1 Angel Broking
Angel Broking is a full-service stockbroker established in 1996. The main motive of the company is to provide the best trading experience to its clients. Angel Broking offers trading in equity delivery, equity futures, equity options, currency futures, and currency options. It also offers margin trading facilities, research reports, trading tips, and mutual fund investments.
Account Opening
Angel Broking offers free account openings for its clients. They also offer a trading account and a Demat account for free.
Brokerage Charges
Angel Broking charges a flat fee of Rs 20 or 0.25% whichever is lower of the trade value, whichever is lower, for equity delivery trading. For intraday trading, they charge Flat Rs 20 or 0.25% of the trade value whichever is lower. They also offer free equity delivery trading.
Trading Platforms
Angel Broking offers a trading platform called Angel Broking App, which allows clients to trade using mobile and web browsers. The platform offers rich trading features such as technical analysis, live market news, and portfolio tracking. Angel Broking also offers Angel One, a platform for online trading, and Angel Eye, which provides research reports and market insights.
Customer Care Support
Angel Broking provides customer care support through phone, email, and live chat. They also have more than 1,800 sub-brokers and 110 branches across India.
2 Zerodha
Zerodha is a discount broker established in 2010. The company’s main motive is to provide unbeatable prices to its clients. Zerodha is known for its zero brokerage charges for equity delivery trading and direct mutual funds. Zerodha offers trading in equity delivery, equity futures, equity options, currency futures, and currency options. It also offers margin funding, research reports, and trading tips.
Account Opening
Zerodha charges Rs. 200 for account opening.
Brokerage Charges
Zerodha charges a flat fee of 0.03% or Rs 20 whichever is lower for intraday trading in all segments. They offer free equity delivery trading and direct mutual funds.
Trading Platforms
Zerodha offers a trading platform called Kite, which allows clients to trade using mobile and web browsers. The platform offers various features such as technical analysis, live market news, and portfolio tracking. Zerodha also offers trading software called Zerodha Pi, which provides advanced charting and back-testing tools.
Customer Care Support
Zerodha provides customer care support through phone, email, and live chat. They also have more than 30 branches across India.
3 Upstox
Upstox is a discount broker established in 2009. The main motive of the company is to provide trading opportunities to its clients. Upstox offers trading in equity delivery, equity futures, equity options, currency futures, and currency options. It also offers margin funding, research reports, and trading tips.
Account Opening
Upstox offers free account openings for its clients. They also offer a trading account and a Demat account for free.
Brokerage Charges
Upstox charges a flat fee of 0.05% or Rs 20 whichever is lower for intraday trading in all segments. They offer free equity delivery trading.
Trading Platforms
Upstox offers a trading platform called Upstox Pro, which allows clients to trade using mobile and web browsers. The platform offers various features such as technical analysis, live market news, and portfolio tracking. Upstox also offers a trading software called Upstox Dart, which provides advanced charting and trading tools.
Customer Care Support
Upstox provides customer care support through phone, email, and live chat. They also have more than 300 sub-brokers and 100 branches across India.
4 Final Comparison
Account Opening
All three brokers offer online account opening with nominal charges.
Brokerage Charges
Angel Broking and Upstox offer a flat fee of Rs. 20 per executed order for intraday trading in all segments. Zerodha also offers a flat fee of Rs. 20 per executed order for intraday trading, but they provide free equity delivery trading and direct mutual funds.
Trading Platforms
All three brokers offer mobile and web trading platforms with advanced features such as technical analysis, live market news, and portfolio tracking.
Customer Care Support
Angel Broking and Upstox have more sub-brokers and branches across India than Zerodha, which can be beneficial for clients who prefer face-to-face interaction.
5 Wrapping Up
Angel Broking, Zerodha, and Upstox are all popular stockbrokers in India, offering various features and services. While choosing a broker, it is important to consider your investment needs and preferences, as well as the charges and services offered by the broker. If you prefer a full-service broker with more branches and sub-brokers, Angel Broking might be the right choice for you. If you want a discount broker with zero brokerage charges for equity delivery trading and direct mutual funds, Zerodha might be a better fit. If you want a discount broker with advanced trading features and tools, Upstox might be the right choice for you.
FAQ's about Angel Broking vs Zerodha vs Upstox
Is Angel Broking better than Upstox?
Angel Broking and Upstox are both popular online stockbrokers in India that offer various investment and trading services. The choice between the two ultimately depends on your investment needs and preferences.
Angel Broking is one of the oldest and most established brokerage firms in India, having been in operation for over 30 years. It offers a wide range of investment and trading services, including stocks, commodities, currency, and derivatives. Angel Broking offers a variety of research and analytical tools to help investors make informed decisions. It also offers a range of educational resources and personalized support.
Upstox, on the other hand, is a newer player in the Indian stock trading market, having been launched in 2009. It offers commission-free trading for stocks and derivatives, and charges a flat fee of Rs. 20 per transaction for mutual fund investments. Upstox offers a user-friendly mobile app, a range of investment options, and advanced trading tools for experienced traders.
When comparing Angel Broking and Upstox, it’s important to consider several factors such as the range of investment options, fees and charges, customer support, research tools, and the overall quality of the trading platform. While Angel Broking offers a wider range of investment options and personalized support, Upstox is known for its advanced trading tools and user-friendly mobile app.
Is Zerodha better than Upstox?
Zerodha is one of the largest stockbrokers in India, with a reputation for offering low fees and a range of investment options. It offers commission-free trading for stocks and exchange-traded funds (ETFs), and a flat fee of Rs. 20 per transaction for mutual fund investments. Zerodha also offers various investment and trading services, including stocks, commodities, currency, and derivatives, and a range of research tools to help investors make informed decisions.
Upstox, on the other hand, is a newer player in the Indian stock trading market, having been launched in 2009. It offers commission-free trading for stocks and derivatives, and a flat fee of Rs. 20 per transaction for mutual fund investments. Upstox offers a range of investment options, and advanced trading tools for experienced traders.
When comparing Zerodha and Upstox, both offer low fees and a range of investment options, but Zerodha offers a wider range of investment services and research tools. Zerodha also offers various trading platforms, including desktop, mobile, and web-based, with advanced features such as technical indicators and charting tools.
What are disadvantages of Zerodha?
- Zerodha operates entirely online, which means that there are no physical branches or offices. This can make it challenging for investors who prefer face-to-face interaction with their brokers.
- While Zerodha does offer some research tools to help investors make informed decisions, the range of tools is limited compared to other brokers. This may not be an issue for experienced investors who use third-party research tools, but it can be a disadvantage for beginner investors.
- Like any online platform, Zerodha is vulnerable to technical glitches and outages. While the company has taken measures to address these issues, they can still be a source of frustration for investors.
- Zerodha charges margin penalties for intraday trading, which can result in unexpected charges for investors who are not careful about their trading activities.
- Zerodha charges Rs. 20 per call for trading via phone, which can be a disadvantage for investors who prefer this method of trading.
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