As per our research report on top 20 stock broker companies in India, Zerodha has the largest client base with more than 64 lakh clients which is approximately 20% of the total Demat account holders. While the Angel One has a 42 lakh + active client base.
Angel One (Angel Broking) is a full-service retail broker in India that offers discount brokerage services at low cost.
On the other hand, Zerodha is one of the largest discount brokers in India that offers lowest brokerage services to invest in equity, currency, commodity, IPO, F&O, bonds, Govt. securities, and mutual funds.
Let’s discuss the comparison between Angel One vs Zerodha side by side.
Angel One (Angel Broking) vs Zerodha Comparison Table
| Particulars | Zerodha | Angel One |
| Broker Type | Discount Broker | Discount Broker |
| Year of Incorporation | 2010 | 1987 |
| Exchange Membership | NSE, BSE, MCX and NCDEX | BSE, NSE, MCX, & NCDEX |
| Trade-in | Stocks/Equity, F&O, Commodities, Currency, Mutual Funds, IPOs, Bonds & Govt-Securities | Stocks/Equity, Currency F&O, Commodity, Mutual Funds, IPOs, ETF, Bonds, and US stocks |
| Account opening charges (one-time) | Rs 200+ Rs 100 for Commodity (optional) | Rs. 0 (Free) |
| Demat AMC Fees | Rs. 300 | Rs. 240 (Free for 1st year) |
| Intraday Margin | Upto 5X on intraday | Upto 5X on intraday |
| Brokerage Charges | Zerodha Plan | Angel One (iTrade PRIME Plan) |
| Equity Delivery | 0 (Free) | 0 (Free) |
| Equity Intraday | 0.03% or Rs. 20 per executed order whichever is lower | Rs. 20 per executed order |
| Equity Futures | 0.03% or Rs. 20 per executed order whichever is lower | Rs 20 per executed order |
| Equity Options | Rs. 20 per executed order | Rs 20 per executed order |
| Currency Futures | 0.03% or Rs. 20 per executed order whichever is lower | Rs 20 per executed order |
| Currency Options | Rs. 20 per executed order | Rs. 20 per executed order |
| Commodity Futures | 0.03% or Rs. 20 per executed order whichever is lower | Rs 20 per executed order |
| Commodity Options | Rs. 20 per executed order | Rs. 20 per executed order |
| Call & Trade Charges | Rs. 50 per order | Additional, Rs 20 per executed order |
Angel One vs Zerodha Tradable Assets
Both stockbrokers Angel One and Zerodha allow you to trade in all segments.
- Equity delivery
- Equity intraday
- Equity F&O
- Currency F&O
- Commodity F&O
You can also invest in mutual funds, ETFs, IPOs, and bonds through both the stockbrokers.
Apart from that, Angel One offers a unique advantage over Zerodha that you can invest in US stocks from India. Angel Broking has collaborated with Vested, a US-based broker, to offer seamless access to invest in US stocks with zero brokerage charges.
Winner – Angel One offers you to invest in US stocks.
Angel One Vs Zerodha Account Charges & AMC Comparison
#1. Account Opening Charges
You can open a free demat and trading account with Angel One. On the other hand, Zerodha offers a free Demat account facility and charges you Rs. 200 for trading account opening.
If you want to open the commodity account with Zerodha, you need to pay Rs. 100 more. Commodity trading is optional in Zerodha.
| Zerodha | Angel One | |
| Demat Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account Opening Charges (One Time) | Rs 200 (equity only) Rs 300 (with commodity account) | Rs 0 (Free) |
You may like to read the step-by-step guide on how to open a Zerodha demat account.
#2. Account Annual Maintenance Charges (AMC)
Zerodha charges Rs 300 for demat account AMC charges, on the other hand, Angel One charges Rs 240 from the second year onwards.
| AMC Fee | Zerodha | Angel One |
| Trading AMC Fee | Zero | Rs 0 (Free) |
| Demat AMC Fee | Rs. 300 | Free – For 1st year Rs. 240 – From second year onwards |
Winner – Angel One offers zero account opening charges with Rs. 240 demat AMC fee from the second year onwards, which is less as compared to Zerodha.
Zerodha vs Angel Broking Brokerage Charges
Both stockbrokers Zerodha and Angel Broking don’t charge any brokerage fees on equity delivery.
But Zerodha has lower brokerage charges for intraday trading and delivery. For small traders Zerodha charges 0.03% or Rs. 20 per order (whichever is lower).
For example, if you trade for Rs. 10,000 you have to pay Rs. 3 in Zerodha per order whereas you have to pay Rs. 20 per order in Angel Broking.
For high-volume traders, both stock brokers charge you similar brokerage fees of Rs. 20 per executed order.
| Segments | Zerodha Brokerage Charges | Angel One (iTrade PRIME Plan) Brokerage Charges |
| Equity Delivery | 0 (Free) | 0 (Free) |
| Equity Intraday | 0.03% or Rs. 20 per executed order whichever is lower | Rs. 20 per executed order |
| Equity Futures | 0.03% or Rs. 20 per executed order whichever is lower | Rs 20 per executed order |
| Equity Options | Rs. 20 per executed order | Rs 20 per executed order |
| Currency Futures | 0.03% or Rs. 20 per executed order whichever is lower | Rs 20 per executed order |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | 0.03% or Rs. 20 per executed order whichever is lower | Rs 20 per executed order |
| Commodity Options | Rs 20 per executed order | Rs 20 per executed order |
Winner – Tie
- For small trading amounts, Zerodha charges a lower percentage of brokerage fees.
- For high-volume traders, both Angel Broking and Zerodha offer free equity delivery and maximum Rs. 20 per executed order.
Angel One Vs Zerodha Leverage (Margin)
On July 20, 2020, SEBI issued a circular on peak margin and fixed the leverage margin for all stockbrokers in India. According to this circular, stockbrokers are not permitted to offer margins higher than the defined cap to their customers.
As a result, both the stock brokers Angel One and Zerodha offer margin for intraday trading of up to 20% of the trade value (5x leverage) based on the stock.
| Segment | 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 (Equity, Currency & Commodities) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Zerodha Vs Angel One (Angel Broking) Trading Platforms
As per my research, Zerodha provides a simple, clutter-free, and user-friendly “Kite” trading platform.
Zerodha offers various trading platforms to its customers.
- Kite – Web-based trading platform for investing in stocks
- Kite Mobile – Trading mobile app for Android/iOS
- Coin or Coin app – invest in mutual funds or bonds
- Console – Back-office platform
- Sentinel – Live market price alerts tool
Zerodha doesn’t provide IPO investment through mobile apps.
Angel One (Angel Broking) provides two trading platforms to its clients.
- Angel One Trade – Web-based platform for trading and investing in stocks, mutual funds, ETFs and bonds.
- Angel One App – Mobile based trading app that you can install on your smartphone.
- Angel One Speed Pro – Terminal-based trading platform you can install in your computer, but you may find it too difficult to install the Angel One Spree Pro.
Winner – Zerodha
Angel One Vs Zerodha Customer Support
Angel One is a full-service broker that offers you good-quality customer service.
Whereas, Zerodha is a discount broker that provides better customer support as compared to all other discount brokers in India. Zerodha offers a 48 hours ticket window to resolve the customer issue to make sure that every complaint should be addressed within 48 hours.
| Angel One Customer Care Number | Zerodha Customer Care Number | |
| Account opening number | 080-47480048 | 080 4719 2020 080 7117 5337 |
| Trading issues | Email – [email protected]. | 080 4718 1888080 4718 1999 |
| Ticket raise | Zerodha ticket to raise |
Angel One Vs Zerodha: Which One is Better?
For better trading experience, Zerodha is the best choice for you as Zerodha provides a simple and user-friendly trading platform with lower brokerage charges for small investors. Zerodha also offers better customer support.
If you want to invest in US stocks then Angel One is an ideal choice for you. Angel One also offers zero account opening fee with a robo advisory facility.
FAQs
Zerodha does not charge any brokerage fees for equity delivery trades, making it a cost-effective option for long-term investors.
Zerodha offers a free demat account facility. However, there is a nominal one-time charge of Rs. 200 for opening a trading account. You need to pay Rs. 100 more for a commodity account.
Yes, Angel One allows you to invest in US stocks through its collaboration with Vested, a US-based broker. This gives investors the advantage of investing in global markets.
Yes, Zerodha is a reputable and trusted broker in India. It is the largest discount broker with a large client base and is regulated by SEBI.
Zero brokerage charges for equity delivery in Angel One.
Zerodha charges AMC fee quarterly of Rs. 75 which is Rs. 300 per annum.
Zerodha charges Rs. 300 for Demat account AMC, while Angel One charges Rs. 240 from the second year onwards. The first year of AMC with Angel One is free.
Yes, Angel One is a reputable full-service retail broker in India that has been in operation since 1987. It is regulated by SEBI and is considered safe for investors.
Zerodha is often preferred by small investors due to its lower brokerage charges and user-friendly trading platform, making it a cost-effective option for those with smaller investment amounts.
The main difference between Zerodha and Angel One is the brokerage model. Zerodha is a discount broker that offers lower brokerage charges, while Angel One is a full-service broker that provides a wide range of services and research support.
Look forward to a comparision bertween Zerodha and ICICdirect post lauch of new features and brokerage rates by the latter.
You can check the comparison here – https://investingexpert.in/zerodha-vs-icici-direct/