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Home Stock Market Zerodha Vs Angle Broking - Stock Broker Comparison

Zerodha Vs Angle Broking – Stock Broker Comparison

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Zerodha Vs Angle Broking – Zerodha is a leading discount broker in India. It is one of the most trusted and popular stockbrokers. Zerodha offers trading with a flat brokerage fee. I recently opened an account in Zerodha. Zerodha offers the facility to invest in equity & direct mutual funds. As per me, Zerodha is a reliable discount stock broker in India.

On the other hand, Angel broking is a leading full-service broker in India that also offers a flat fee per trade. Angle broking provides a wide range of investment trading and commodity broking services.

Let’s compare Zerodha Vs Angle Broking side by side to know which one is the best stock broker Zerodha or Angle Broking.

Zerodha Stock Broker – Review 

Zerodha is a pioneer in the discount stockbroking concept. Zerodha is very good for traders and investors looking at high speed, easy interface, and low brokerage fees. Zerodha is famous for its creative, intuitive, and advanced trading platforms.

Zerodha has more than 9 Lakh customers. Zerodha offers free delivery of equity and a flat fee of Rs.20 per order. Zerodha also offers the facility to invest in direct mutual funds. It is the best discount broker for traders.

Also Read – Zerodha Varsity Mobile App – Learn Stock Market on Move

Zerodha Key Features 

  • Brokerage charge is very low and the delivery charge is NIL
  • Simple and Easy to understand pricing structure
  • Advanced and user-friendly trading platforms
  • Facility to purchase direct mutual funds without any commission
  • Fund transfer is easy and fast
  • Advance charting facility with historical data
  • Good customer service with multilingual support
  • Learning resource is available 

Zerodha Charges

Zerodha does not charge any fee for delivery and for intraday delivery trading charges are Rs.20 or 0.01% whichever is lower. The complete fee structure of Zerodha is given below.

Zerodha Account opening charges – Rs.200 (Trading and Demat Account) & Rs.100 (Commodity Account)

Annual Maintenance Charges – Rs.300 paid quarterly

Zerodha Brokerage Charges 

Category Fees
Equity Delivery Zero
Equity Intraday Trading Rs. 20 or 0.03% (whichever is lower)
Equity Options Flat Rs. 20 per executed order
Equity Futures Rs. 20 or 0.03% (whichever is lower)
Currency Options Rs. 20 or 0.03% (whichever is lower)
Commodity F&O Rs. 20 or 0.03% (whichever is lower)

Zerodha Margin 

Category Margin
Equity Margin Intraday Up to 20x (Based on stock)
Equity Margin Future Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin
Equity Margin Option Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin
Commodity Margin Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin
Currency Future Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin
Currency Option Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin

Zerodha Trading Platforms

Kite 

Kite is trading platform offered by Zerodha. Latest version of Kite is 3.0. It is famous for speed, features and technology. You can use this platform on mobile, tablet as well as browsers. I have already given my independent view on Zerodha Kite Trading platform in my earlier post. Kite offer dashboard view including market watch, streaming quote. Ordering from Kite is very easy. You can do it with a swipe of button. It also provides facility of shortcut to perform various operations.

Console

Console is central dashboard for Zerodha account. You can view and track your portfolio containing equity, mutual funds and commodity on console. You can view various reports with drill down facility. You can also get profit and loss statement and tax details on Console. You can also download all reports using this platform.

Coin

Zerodha Coin is direct mutual fund platform. Coin is available on website as well as mobile app. You can buy and sell mutual funds online using this platform without any commission. The detail guide of using Zerodha Coin platform is given here.

Addition to above platform you will also find product such as smallcase – Investment ideas, streak – trading strategies, Sensibull – Option Trading platform, GoldenPi – Platform for bonds and debenture.

Pros

  • No Delivery Charges
  • Easy to use and intuitive interface
  • Training for Begineer available
  • Flat brokerage and easy to understand pricing structure
  • Invest in IPO via UPI
  • Facility to invest in Direct Mutual Funds
  • Charting and in-depth analysis with historical data
  • Better customer support with quick resolution 

Cons

  • No advisory facility for the customers
  • The platform slows down during peak hours
  • Bank acceptance is limited for NRI account

Angel Broking – Review

Angel Broking is a full-service broker. Angel Broking offers easy to use trading platform. Angel broking is famous for the mobile trading app. It is a very good platform for professional traders.

Angel Broking has more than 5 Lakh customers. Angel Broking has a flat fee per trade and a high margin for intraday trading. Let’s take a look at the features of Angel Broking.

Angel Broking Features

  • A single demat account for share, mutual funds and bonds
  • Expert research and stock advisory services available
  • Simplified Trading Platform
  • One-click account opening digital process
  • Knowledge Center facility for learning.

Angel Broking Charges

Angel Broking charges zero brokerage on the delivery & for intraday brokerage charge is Rs.20 per order. The complete fee structure of Angel broking is given below.

Angel Broking Account opening charges – Rs.699

Annual Maintenance Charges – Rs.450 (Free for First Year)

Angel Broking Brokerage Charges 

Category Fees
Equity Delivery Zero
Equity Intraday Trading Rs.20 per trade
Equity F&O Trades Rs.20 per trade
Currency F&O Trades Rs.20 per trade
Commodity F&O Trades Rs.20 per trade

Angel Broking Margin 

Category Margin
Equity Delivery Up to 6x
Equity Intraday Trading 40x
Equity Futures 4x
Equity Options 3x
Currency Futures Up to 2x
Currency Options 2x
Commodity 3x

Angel Broking Trading Platforms

Angel Broking App 

Angel Broking App is smartphone app trading and investment. This app is powered by artificial intelligence. It runs rule based investment engine to get personalized stock recommendation. You can track your portfolio at single place. This app provides easy trading option. You can trade at any time with a click of a button. 

Angel BEE 

Angle BEE is Mutual fund app by Angel Broking. You can invest in mutual fund using this app effortlessly. In addition to making investment in mutual funds you can view your active SIP, transaction portfolio & equity investment on this app. This app also provides facility of expense tracker. 

Angel SpeedPRO 

Angel SpeedPRO is trading software that runs on your desktop. You can get single window trading experience along with speed and monitoring facility on this platform. It provides real time streaming rates for instant trading. You can monitor your portfolio as well as invest in mutual funds using SpeedPRO. It is simple and easy to use application. 

Pros 

  • All in One demat account
  • Faster dematerialization process of equity
  • Operating of multiple family member accounts with a single id
  • UPI based payments facility offered
  • Advisory is advance with making use of AI

Cons

  • The web-based platform is made for the advanced user (Complex)
  • A lot of messages on stock advice and tips
  • Less number of platforms compared to Zerodha 

Zerodha Vs Angel Broking Comparison

Takeaway 

From the above comparison, it is clear that Zerodha is best for traders as it offers a faster trading platform with a flat fee structure.

If you are a professional trader, you should go for Zerodha. If you are an investor you can opt for Angel Broking as it offers attractive brokerage plans and good quality tips.

Which one is best for you Zerodha or Angel Broking?

*Note- All information given above is collected from the stockbroker website as on 15/6/2020. The account opening charges, margin, and other fees, etc can vary from time to time. You are requested to refer to the stockbroker website for the latest information.

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