angel broking

Zerodha Vs Angel Broking – Which one is better? Side-by-side Comparison

angel broking

Zerodha Vs Angel Broking – Comparison:

Assessing Zerodha 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.

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

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: 

Zerodha

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.
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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.
Zerodha Vs Angel Broking
Zerodha Vs Angel Broking

Zerodha Vs Angel Broking Overall Company Details: 

Comparing Zerodha vs Angel Broking 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.

OverviewZerodhaAngel Broking
Organization TypePrivatePrivate
Broker CategoryDiscount BrokerFull-Service Broker
Head OfficeBangalore, IndiaMumbai, India
Founded ByNithin KamathDinesh Thakkar
Commencement Year20101987

Comparison on Customer Ratings:

Comparing Zerodha vs Angel Broking based on Customer Ratings we get this information.

Here we can see that regarding experience & research work, Angel Broking is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.

Customer RatingsZerodhaAngel Broking
On Experience5.7 out of 108.5 out of 10
On Products & Services8.5 out of 107.0 out of 10
On Brokerage Charges & Fees9.5 out of 107.0 out of 10
On Stock Research & Advisory4.0 out of 107.0 out of 10
On Trading Platforms9.0 out of 106.5 out of 10
On Overall Ratings7.4 out of 107.2 out of 10
On Star Ratings★★★★★★★★★☆

Zerodha and Angel Broking AOC & AMC: 

Here we have compared Zerodha and Angel Broking based on account opening charge & account maintenance charge. Here we can see from the below contrast that Zerodha offers free AMC on the trading account.

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Also, Zerodha provides zero margin money criteria which are chargeable in the case of Angel Broking. Angel Broking has zero account opening fees and free trading AMC. 

Demat ServicesZerodhaAngel Broking
Depository ParticipantCDSLCDSL
Charges for Account Opening Rs.300Zero
AMC of DematRs.300 per AnnumFree or Rs.300 per Annum
AMC of TradingFreeFree
Marginal MoneyZeroMinimum Rs.10,000
Offline to OnlineNoYes

Zerodha Vs Angel Broking Brokerage Charge:

Contrasting Zerodha vs Angel Broking based on Brokerage Charge we get the below details. Here we can see that Angel Broking offers a percentage based brokerage charge structure.

While Zerodha has a very economical flat fee-based brokerage charge. Angel Broking charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha. 

Brokerage Charge & FeesZerodha Brokerage Angel Broking Brokerage
Equity Delivery TradingZero0.1% – 0.4%
Equity Intraday TradingRs.200.01% – 0.04%
Commodity Options TradingRs.200.01% – 0.04%
Equity Futures TradingRs.200.01% – 0.04%
Equity Options TradingRs.20 per LotRs.16 per Lot
Currency Futures TradingRs.200.01% – 0.04%
Currency Options TradingRs.20 per LotRs.30 per Lot
Minimum BrokerageZeroPercentage of Transaction
Demat AMC ChargesRs.300 per AnnumFree or Rs.300 per Annum
Trading AMC ChargesFreeFree
Margin MoneyZeroMinimum Rs.10,000

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs Angel Broking as below. We can see that both the broker share a similar charge structure. 

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Other ChargesZerodhaAngel Broking
Transaction Charges0.00325% of Total Turnover0.00325% 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)

Zerodha or Angel Broking Offers: 

Contrasting Zerodha or Angel Broking we get the below comparison on offers. We here can see that in terms of offers Angel Broking is a step ahead of Zerodha for offering more offers.

OffersZerodhaAngel Broking
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 Zerodha vs Angel Broking based on their service offering we derived the below comparison:

ServicesZerodhaAngel Broking
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 40x

Zerodha or Angel Broking Research & Advisory: 

Contrasting Zerodha or Angel Broking based on their research & advisory offering we received the below comparison. Here we can see in the below table that Angel Broking offers all kinds of advisory supports, where Zerodha doesn’t provide any.

Research & AdvisoryZerodhaAngel Broking
Fundamental Reports Service
Research Reports Service
Company Reports Service
Annual Reports Service
Company Stock Review Service
Free Stock Tips Service
IPO Reports Service
Top Picks Service
Daily Market Review Service
Monthly Reports Service
Weekly Reports Service
Offline Advisory Service
Relationship Manager Service

Zerodha Vs Angel Broking Margin/ Exposure/ Leverage

Considering Zerodha vs Angel Broking based on product-wise leverage we get the below details. 

Exposure / LeverageZerodha MarginAngel Broking Margin
Equity DeliveryMaximum 20xMaximum 20x
Equity IntradayMaximum 28xMaximum 40x
Equity FuturesMaximum 15xMaximum 10x
Equity OptionsMaximum 8xMaximum 10x
Currency FuturesMaximum 12xMaximum 5x
Currency OptionsMaximum 8xMaximum 7x
CommoditiesMaximum 17xMaximum 10x

Comparison of Products: 

Comparing Zerodha vs Angel Broking based on their product offering we derived the below comparison. We can see in this below comparison that Angel Broking offered to trade in Mutual funds  & SIP which Zerodha doesn’t.

ProductsZerodhaAngel Broking
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Zerodha Vs Angel Broking Trading Platforms: 

Because of the trading terminal offering of Zerodha vs  Angel Broking, we compared them as below:

Trading PlatformsZerodha Trading
Platforms
Angel Broking
Trading Platforms
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: 

Comparing customer assistance, we here have compared Zerodha vs Angel Broking as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Angel Broking doesn’t facilitate offline trading & chat support. 

Customer SupportZerodhaAngel Broking
Dedicated Dealer
Offline TradingNo
Online Trading
24*7 Support
Support Number080-40402020022-28358800
Email Support
Chat Support
Toll-Free Number
BranchesZero180
Angel Broking Demat Account
zerodha vs angel broking – Angel Broking Demat Account

Comparison of 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 Zerodha vs Angel Broking based on their customer complaint handling in the below table. 

Complaints (Current Year)ZerodhaAngel Broking
Lodged in BSE120128
Resolved in BSE117128
Lodged in NSE89196
Resolved in NSE85196

Zerodha Call Back Request

Angel Broking Call Back Request

Conclusion:

Finally, we can conclude that Angel Broking (full-service broker) has a huge offering for its customers just like its market reputation. But Zerodha (discount broker) offers lower charges to its customers.

Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Angel Broking as per his need only.

open zerodha demat account
angel broking