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.
- Zero brokerage fee on equity delivery trading
- Flat fee-based brokerage fee structure.
- Trading Account AMC is free of cost.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money not required.
- Trading is in terms of equity delivery is free. Other than that, all the other segments charge flat INR. 20/- per trade.
- For trading through online mode special discount is offered.
- BSE, NSE, MCX & NCDEX- it has got all the access.
- Customer support is applicable over customer over the counter assistance, local offices, E-Mail care, Live chat & SMS.
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.
|Organization Type||Private Firm||Private Firm|
|Broker Category||Full-Service Broker||Discount Broker|
|Based on||Mumbai, Maharastra||Mumbai, Maharastra|
|Founder||Mr. Dinesh Thakkar||Mr. Raghu Kumar, |
Ravi Kumar &
Mr. Shrinivas Vishvanath
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 Ratings||Angel Broking||Upstox|
|On Experience||8.5 out of 10||5.3 out of 10|
|On Products & Services||7.0 out of 10||6.5 out of 10|
|On Brokerage Charges & Fees||7.0 out of 10||9.5 out of 10|
|On Stock Research & Advisory||7.0 out of 10||3.0 out of 10|
|On Trading Platforms||6.5 out of 10||6.5 out of 10|
|On Overall Ratings||7.2 out of 10||6.2 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 Services||Angel Broking||Upstox|
|Depository Source Service||CDSL||CDSL|
|Account Opening Fees||Zero||Rs.150|
|AMC on DEMAT||Free or Rs.300 per Annum||Rs.150 per Annum|
|AMC on Trading||Free||Free|
|Margin Money Criteria||Minimum Rs.10,000||Zero|
|Offline to Online Service||Yes||No|
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 & Fees||Angel Broking Brokerage||Upstox Brokerage|
|Equity Delivery Trading||0.1% – 0.4%||Zero|
|Equity Intraday Trading||0.01% – 0.04%||Rs.20|
|Commodity Options Trading||0.01% – 0.04%||Rs.20|
|Equity Futures Trading||0.01% – 0.04%||Rs.20|
|Equity Options Trading||Rs.16 per Lot||Rs.20 per lot|
|Currency Futures Trading||0.01% – 0.04%||Rs.20|
|Currency Options Trading||Rs.30 per Lot||Rs.20 per lot|
|Minimum Brokerage||Percentage of Transaction||Rs.20|
|Demat AMC Charges||Free or Rs.300 per Annum||Rs.150 per annum|
|Trading AMC Charges||Free||Free|
|Margin Money||Minimum Rs.10,000||Zero|
Comparison on Administrative Charges:
In terms of Administrative transactional charge, we here compared Angel Broking vs Upstox as below.
|Other Charges||Angel Broking||Upstox|
|Transaction Charges||0.00325% of Total Turnover||0.00275% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% 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.
|Free DEMAT Account||✔||✖|
|Free Trading Account||✔||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✔||✖|
|1 Month Brokerage Free||✖||✖|
|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:
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 40x||Maximum 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 & Advisory||Angel Broking||Upstox|
|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 / Leverage||Angel Broking||Upstox|
|Equity Delivery||Maximum 20x||Maximum 5x|
|Equity Intraday||Maximum 40x||Maximum 20x|
|Equity Futures||Maximum 10x||Maximum 7x|
|Equity Options||Maximum 10x||Maximum 8x|
|Currency Futures||Maximum 5x||Maximum 5x|
|Currency Options||Maximum 7x||Maximum 6x|
|Commodities||Maximum 10x||Maximum 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.
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 Platforms||Angel Broking||Upstox|
|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||✖||✖|
|Online MF Buy||✔||✔|
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 Support||Angel Broking||Upstox|
|Support Number||022-28358800||022 – 6130 9999|
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 Broking||Upstox|
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.