Upstox Vs Angel Broking Comparison – Which is Better?

Upstox Vs Angel Broking – Comparison:

Comparing Upstox vs Angel Broking in terms of all product-wise details which are essential for every investor we get the detailed study.  In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Upstox is a discount brokerage firm established in 2009 at Mumbai. Formerly it was known as RKSV Securities. This organization is known for its range of trading platform offerings and a wide range of products and services. 

Whereas, full-service broker Angel Broking, who is a part of renowned Angel Group, offers tailored capital management and stock options to its investors. It has been founded in the year of 1987 and now it is operated across India in 900 cities with an association of 8500 sub-brokers and millions of happy customers. 

Notable Features:

Upstox: 

  1. Zero brokerage fee on equity delivery trading
  2. Flat fee-based brokerage fee structure.
  3. Trading Account AMC is free of cost.
  4. Don’t trade in the commodity, mutual funds, forex, SIP & insurance. 
  5. Margin Money not required. 

Angel Broking: 

  1. Trading is in terms of equity delivery is free. Other than that, all the other segments charge flat INR. 20/- per trade.
  2. For trading through online mode special discount is offered.
  3. BSE, NSE, MCX & NCDEX- it has got all the access. 
  4. Customer support is applicable over customer over the counter assistance, local offices, E-Mail care, Live chat & SMS.
Upstox Vs Angel Broking Comparison

Overall Broker Details: 

Comparing Angel Broking vs Upstox based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder. 

OverviewAngel BrokingUpstox
Organization TypePrivate FirmPrivate Firm
Broker CategoryFull-Service BrokerDiscount Broker
Based onMumbai, MaharastraMumbai, Maharastra
FounderMr. Dinesh ThakkarMr. Raghu Kumar,
Ravi Kumar &
Mr. Shrinivas Vishvanath
Commencement Year19872009

Comparison on Customer Ratings: 

Comparing Upstox vs Angel Broking based on Customer Ratings we get this information. Here we can see that in terms of brokerage charge Upstox is better than Angel Broking. Whereas, in all the other factors like products/services, experience, trading terminal & research-advisory Angel Broking is the better alternative.

Customer RatingsAngel BrokingUpstox
On Experience8.5 out of 105.3 out of 10
On Products & Services7.0 out of 106.5 out of 10
On Brokerage Charges & Fees7.0 out of 109.5 out of 10
On Stock Research & Advisory7.0 out of 103.0 out of 10
On Trading Platforms6.5 out of 106.5 out of 10
On Overall Ratings7.2 out of 106.2 out of 10
Star Ratings from Investors★★★★☆★★★☆☆

Upstox Vs Angel Broking AOC & AMC:

Here we have compared Angel Broking vs Upstox based on account opening charge & account maintenance charge. Here we can see from the below contrast that Both Angel Broking & Upstox provides free AMC (trading). Account opening in Angel Broking is free but in Upstox it is chargeable. 

DEMAT ServicesAngel BrokingUpstox
Depository Source ServiceCDSLCDSL
Account Opening Fees ZeroRs.150
AMC on DEMAT Free or Rs.300 per AnnumRs.150 per Annum
AMC on TradingFreeFree
Margin Money CriteriaMinimum Rs.10,000Zero
Offline to Online ServiceYesNo

Compare Brokerage Charge: 

Contrasting Angel Broking & Upstox based on Brokerage Charge we get the below details. Here we can see that Angel Broking offers a percentage based brokerage charge structure. Whereas, Upstox offers a flat fee-based brokerage plan structure. Both brokers charge a minimum brokerage charge per executed order.

Brokerage Charge & FeesAngel Broking BrokerageUpstox Brokerage
Equity Delivery Trading0.1% – 0.4%Zero
Equity Intraday Trading0.01% – 0.04%Rs.20
Commodity Options Trading0.01% – 0.04%Rs.20
Equity Futures Trading0.01% – 0.04%Rs.20
Equity Options TradingRs.16 per LotRs.20 per lot
Currency Futures Trading0.01% – 0.04%Rs.20
Currency Options TradingRs.30 per LotRs.20 per lot
Minimum BrokeragePercentage of TransactionRs.20
Demat AMC ChargesFree or Rs.300 per AnnumRs.150 per annum
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.10,000Zero

Comparison on Administrative Charges:

In terms of Administrative transactional charge, we here compared Angel Broking vs Upstox as below. 

Other ChargesAngel BrokingUpstox
Transaction Charges0.00325% of Total Turnover0.00275% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Comparison on Offers: 

Contrasting Angel Broking vs Upstox based on offers & discount we get the below comparison on offers. We here can see that in terms of offer Angel Broking is a step ahead of Upstox for offering more offers. 

OffersAngel BrokingUpstox
Free DEMAT Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
Zero Brokerage for Loss Making Trades

Comparison on Services Offered:

Assessing Angel Broking vs Upstox based on their service offering we derived the below comparison:

ServicesAngel BrokingUpstox
DEMAT Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robotic Advisory
PMS
Trading Institution
Trading ExposureMaximum 40xMaximum 20x

Upstox Vs Angel Broking Research & Advisory: 

Contrasting Angel Broking vs Upstox based on their research & advisory offering we received the below comparison. Here we can see in the below table that Upstox doesn’t offer any research & advisory support whereas, Angel Broking offers almost all possible research & advisory support.

Research & AdvisoryAngel BrokingUpstox
Fundamental Reports Services
Research Reports Services
Company Reports Services
Annual Reports Services
Company Stock Review Services
Free Stock Tips Services
IPO Reports Services
Top Picks Services
Daily Market Review Services
Monthly Reports Services
Weekly Reports Services
Offline Advisory Services
Relationship Manager Services

Comparison of Leverage:

Considering Angel Broking vs Upstox based on product-wise leverage we get the below details. These charges always influence your trading revenue.

Exposure / LeverageAngel BrokingUpstox
Equity DeliveryMaximum 20xMaximum 5x
Equity IntradayMaximum 40xMaximum 20x
Equity FuturesMaximum 10xMaximum 7x
Equity OptionsMaximum 10xMaximum 8x
Currency FuturesMaximum 5xMaximum 5x
Currency OptionsMaximum 7xMaximum 6x
CommoditiesMaximum 10xMaximum 7x

Comparison of Products:

Assessing Angel Broking vs Upstox based on their product offering we derived the below comparison. We can see in this below comparison that Angel Broking offers more number of products than Upstox. 

ProductsAngel BrokingUpstox
Equity Trading
Commodity TradingNo
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Comparison of Trading Platforms: 

Because of the trading terminal offering of Angel Broking vs Upstox, we compared them as below. Several platforms like IOS app platform, news flash, research reports are provided by these organizations.

Trading PlatformsAngel BrokingUpstox
Desktop Platform – Windows
Desktop Platform – Mac
Desktop Browser Platform
Mobile Site Platform
Android App Platform
iOS App Platform
Windows App Platform
Other Mobile OS Platform
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

Comparison on Customer Support: 

In light of customer assistance, we here have compared Angel Broking vs Upstox as below. Both the broker offers similar paths for their customer to assist them excluding the dedicated dealer, offline trading & 24X7 support topic. Upstox doesn’t provide dedicated dealer, offline trading & 24X7 support but Angel broking provides the same. 

Customer SupportAngel BrokingUpstox
Dedicated Dealer
Offline TradingNo
Online Trading
24*7 Support
Support Number022-28358800022 – 6130 9999
Email Support
Chat Support
Toll-Free Number
Branches180Zero
open Angel Broking demat account

Comparison on Customer Grievances: 

Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Angel Broking vs Upstox based on their customer complaint handling in the below table. 

Complaints (Current Year)Angel BrokingUpstox
BSE Lodged128185
Resolved128126
NSE Lodged196175
Resolved196139
Upstox demat account

Conclusion: 

Finally, we can say that Angel Broking (full-service broker) has a huge offering for its customers. But Upstox (discount broker) offers low charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between Upstox and Angel Broking as per his tailored need only.

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