Angel One vs Zerodha Comparison

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, government 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

ParticularsZerodhaAngel One
Broker TypeDiscount BrokerFull-Service Broker
Year of Incorporation20101987
Exchange MembershipNSE, BSE, MCX and NCDEXBSE, NSE, MCX, & NCDEX
Trade-inStocks/Equity, F&O, Commodities, Currency, Mutual Funds, IPOs, Bonds & Govt-SecuritiesStocks/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 FeesRs. 300Rs. 240 (Free for 1st year)
Intraday MarginUpto 5X on intradayUpto 5X on intraday
Brokerage ChargesZerodha PlanAngel One (iTrade PRIME Plan)
Equity Delivery0 (Free)0 (Free)
Equity Intraday0.03% or Rs. 20 per executed order whichever is lowerRs. 20 per executed order
Equity Futures0.03% or Rs. 20 per executed order whichever is lowerRs 20 per executed order
Equity OptionsRs. 20 per executed orderRs 20 per executed order
Currency Futures0.03% or Rs. 20 per executed order whichever is lowerRs 20 per executed order
Currency OptionsRs. 20 per executed orderRs. 20 per executed order
Commodity Futures0.03% or Rs. 20 per executed order whichever is lowerRs 20 per executed order
Commodity OptionsRs. 20 per executed orderRs. 20 per executed order
Call & Trade ChargesRs. 50 per orderAdditional, 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 IPOs, mutual funds, ETFs, 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.

ZerodhaAngel 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 FeeZerodhaAngel One
Trading AMC FeeZeroRs 0 (Free)
Demat AMC FeeRs. 300Free – 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. You can also check the list of free demat account openings with zero AMC charges

Zerodha vs Angel Broking Brokerage Charges

Both stockbrokers Zerodha (detailed review) 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. You can check the zero brokerage trading account in India.

SegmentsZerodha Brokerage Charges Angel One (iTrade PRIME Plan) Brokerage Charges 
Equity Delivery0 (Free)0 (Free)
Equity Intraday0.03% or Rs. 20 per executed order whichever is lowerRs. 20 per executed order
Equity Futures0.03% or Rs. 20 per executed order whichever is lowerRs 20 per executed order
Equity OptionsRs. 20 per executed orderRs 20 per executed order
Currency Futures0.03% or Rs. 20 per executed order whichever is lowerRs 20 per executed order
Currency OptionsRs 20 per executed orderRs 20 per executed order
Commodity Futures0.03% or Rs. 20 per executed order whichever is lowerRs 20 per executed order
Commodity OptionsRs 20 per executed orderRs 20 per executed order

Winner – Tie

  • For small trading amounts, Zerodha charges a lower percentage of brokerage fees. If you want to do intraday trading with smaller amount, I would suggest starting investing with Rs 500 as an initial investment.
  • 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. 

SegmentAngel OneZerodha
Equity Delivery100% of trade value (1x leverage)100% of trade value (1x leverage)
Equity IntradayUp 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. You can check out our latest report on upcoming IPOs 2023-2024.

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 one of the top full-service brokers in India 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 NumberZerodha Customer Care Number
Account opening number080-47480048080 4719 2020 080 7117 5337
Trading issuesEmail – [email protected].080 4718 1888080 4718 1999
Ticket raiseZerodha ticket to raise

You can go through our comparison of the Zerodha vs Upstox to know the brokerage charges of both stock brokers.

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

What are the brokerage charges for equity delivery in Zerodha?

Zerodha does not charge any brokerage fees for equity delivery trades, making it a cost-effective option for long-term investors.

What are the account opening charges for Zerodha?

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.

Does Angel One offer investment in US stocks?

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.

Is Zerodha a trustworthy broker?

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.

What is zero brokerage in Angel Broking?

Zero brokerage charges for equity delivery in Angel One.

Does Zerodha charge monthly?

Zerodha charges AMC fee quarterly of Rs. 75 which is Rs. 300 per annum.

What are the annual maintenance charges (AMC) for the Demat account of Zerodha vs Angel One?

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.

Is Angle One safe?

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.

Which broker is better for small investors, Zerodha or Angel One?

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.

What is the difference between Zerodha and Angel One?

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.

About Rajan Dhawan

Rajan has covered personal finance and investing for over 5 years. Previously, he was in the IT field for 8 years after completing his MCA but his deep interest in personal finance led him to become an investing expert. He is passionate about investing, stocks, startups, and cryptos.

2 thoughts on “Angel One vs Zerodha Comparison”

  1. Look forward to a comparision bertween Zerodha and ICICdirect post lauch of new features and brokerage rates by the latter.

    Reply

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