Angel Broking and Sharekhan, both have 20+ years of industry presence.
Angel Broking (now Angel One) is a full-service broker with flat brokerages of Rs. 20 per trade on all the segments except equity delivery trades. However, other value-added services are limited to stock research and investment in mutual funds & bonds.
On the other hand, Sharekhan has a full range of research advisory, mutual fund investment, and value-added services like portfolio management. But, the brokerages are higher for volume traders.
For example, if you make 20 trades (buy and sell) for Rs. 10,00,000 in a month then Angel Broking will charge you 20 trades x Rs. 20 per trade = Total brokerage of Rs. 400.
Whereas, Sharekhan will charge Rs. 10,00,000 x 0.50 / 100 = Rs. 5,500. Which is much higher as compared to the brokerage fee of Rs. 400 charged by Angel Broking.
Below is the quick brokerage comparison of both brokers.
Angel Broking vs Sharekhan – Brokerage Comparison
| Brokerage | Sharekhan | Angel Broking (iTrade Prime) |
| Equity Delivery | 0.50% (minimum 10 paise per share) | Rs. 0 |
| Equity Intraday | 0.10% (minimum 5 paise per share) | Rs. 20 per trade |
| Equity Futures | 0.10% | Rs. 20 per trade |
| Currency Futures | 0.10% | Rs. 20 per trade |
| Commodity Futures | 0.10% | Rs. 20 per trade |
| Equity Options | Rs. 100 per lot (2.5% on premium) | Rs. 20 per trade |
| Currency Options | 2.5% or a minimum of Rs. 30 per lot | Rs. 20 per trade |
| Commodity Options | 2.5% or a minimum of Rs. 30 per lot, maximum brokerage – Rs. 250 per lot | Rs. 20 per trade |
Angel Broking vs Sharekhan – Fee Comparison
| Account Opening | Sharekhan | Angel Broking Charges |
| Demat Account | Rs. 0 | Rs. 0 |
| Trading Account | Rs. 0 | Rs. 0 |
| Demat AMC Fees | First Year – Rs. 0 Second-year onwards – Up to Rs. 500 | First Year – Rs. 0 Second-year onwards – Rs. 20 per month |
| Account Type | 2-in-1 (demat + trading) | 2-in-1 (demat + trading) |
If you are looking for detailed information, continue reading the article to compare both the brokers.
Angel Broking (Angel One) Demat Account
Angel Broking has over 2.15 million active demat/trading accounts. The company offers broking, advisory services, mutual fund investment, margin funding, and loans against shares.
Angel broking is a full-service broker that offers flat brokerage of Rs. 20 per trade. Let’s discuss that in the next section.
Brokerage Charges
You need to get the iTrade Prime plan to opt for 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 |
You have the facility to “Call & Trade” at an additional charge of Rs. 20 per order.
Margin Provided
| Segment | Margin | Leverage |
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| Future & Options(Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Account Opening Charges
| Account Opening | Angel Broking Charges |
| Demat account | Rs. 0 |
| Trading account | Rs. 0 |
| Annual maintenance charges | First Year – Rs. 0 Second-year onwards – Rs. 20 per month non-BSDA clients For BSDA (Basic Services Demat Account) Clients – – ZERO for holding value less than 50,000 – Rs. 100 per year for holding value Between 50,000 To 2,00,000 |
Trading Platform
#1. Angel Speed Pro
Angel Speed Pro is a desktop-based trading platform that needs to be downloaded on your laptop and desktop.
The best part is that the software 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.
#2. Angel Broking Trade
Angel Broking Trade is a web-based trading platform.
The unique feature of the platform is that it can be used to manage the wealth/ account of the entire family with a single login.
The platform has a simplified interface that provides automatic updates of all transactions and also tracks portfolio performance.
#3. Angel Broking App
Angel Broking mobile trading app is compatible with iOS and Android smartphones and allows access to markets and charts.
You can also access ledgers, contract notes, P&L statements, and can transfer funds & securities from the app itself. The app has an option to check multiple indexes with real-time prices.
The app can be used to get Angel’s ARQ personal advisory service, live market data, and make UPI-based payments.
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.
Pros
- Zero brokerage for delivery trades
- A fixed brokerage of Rs. 20 per trade
- Rs. 0 AMC fee for the first year
Cons
- Rs. 699 trading account opening charges
- Low margins as compared to other discount brokers
- Does not discloses margin for BO trades
Also read – Benefits of intraday trading
Sharekhan Demat Account
Sharekhan is a full-service broker offering customized brokerage services based on individual risk profiles.
At Sharekhan you have access to:
- Stock investment and trading
- Research and advisory
- Mutual Fund investment
- Portfolio management services
- Creating & backtesting trading strategies
- Investor education
However, the drawback is that if you are looking for details on margins and brokerages for comparison purposes on the website then probably you will not find it.
I had a tough time finding all the relevant information but you must know that the brokerages and fees are negotiable at the time of account opening.
Brokerage Charge
| Trading Type | Brokerage Charges |
| Equity Delivery | 0.50% (minimum 10 paise per share) |
| Equity Intraday | 0.10% (minimum 5 paise per share) |
| Equity Futures | 0.10% |
| Equity Options | Rs. 100 per lot (2.5% on premium) |
| Currency Futures | 0.10% |
| Currency Options | 2.5% or a minimum of Rs. 30 per lot |
| Commodity Futures | 0.10% |
| Commodity Options | 2.5% or a minimum of Rs. 30 per lot, maximum brokerage – Rs. 250 per lot |
Margin Provided
| Segment | Margin | Leverage |
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| Future & Options(Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Account Opening Charges
| Services (CDSL) | Scheme A (AMC 400) | Scheme B (AMC 500) | Scheme B (AMC 350) |
| Account Opening Charges | Nil | Nil | Nil |
| Annual Maintenance Charges (AMC) | Rs. 400 p.a. | Rs. 500 p.a. | Rs. 350 p.a. |
| Sales – Through Sharekhan | Nil | Nil | Rs. 6 per transaction |
| Purchases | Nil | Nil | Nil |
| Brokerage | Minimum Brokerage of Rs 21/ Per scrip settlement delivery (sell) | Minimum Brokerage of Rs 21/ Per scrip settlement delivery (sell) | N.A. |
| Sales – Not through Sharekhan/ Off market transfer/IDT | 0.03% of the value of the transaction (Min. Rs.30) | 0.03% of the value of the transaction (Min. Rs.30) | 0.03% of the value of the transaction (Min. Rs.30) |
Also read – Prostocks Review
Trading Platforms
#1. Sharekhan Website
Sharekhan website is a URL-based web trading platform that you can access from the home page itself as indicated above.
The platform lets you trade, track and invest using supportive features such as dashboard, smart search, portfolio tracker, and charts.
#2. Trade Tiger
Trade Tiger is a web-based, desktop trading platform. There are two versions of the Trade Tiger trading platform suited to individual and professional traders.
The technical requirement of both the platform is under:
| Particulars | Trade Tiger Basic | Trade Tiger Advanced |
| For | Individuals | Professional Traders |
| PC | Works on Pentium 4 Processor or lower | Works on Pentium Dual Core Processor or higher |
| Operating system | Win 7 & above | Win 7 & above |
| Processor | Intel Dual Core | Intel Dual Core |
| RAM | 1GB | 2GB |
| Disk Space | 40 MB | 1GB |
Trade Tiger is among the best trading software in India that gives you advanced charts, filtering options, live streaming of quotes, and analysis options to make easy decisions on stock on a real-time basis.
#3. Sharekhan Mobile App
Sharekhan App consumes low bandwidth and memory space of 7.6 MB for Android devices. The app can be used on the 2G connection also.
One can trade through charts, technical indicators, and flexible search features on mobile.
Sharekhan App is compatible with both Android and iOS devices.
Best For
New traders and individuals who need research advisory and other value-added services and do not mind paying a higher brokerage.
Pros
- Wide range of investment services
- Pan India network of 3200 outlet
- Insta MF, Investment Cart, and NEO products
Cons
- High brokerages
- Too many trade calls and research advisory
Check out – Best indicators for intraday trading
Conclusion
If you are looking for savings on trading costs with a few advisory services then you should go for Angel Broking.
But if you are looking for some hand-holding, portfolio management service, and do not mind paying additional fees then Sharekhan is a better option for you.
