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.
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
- 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.
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.
|Broker Category||Discount Broker||Full-Service Broker|
|Head Office||Bangalore, India||Mumbai, India|
|Founded By||Nithin Kamath||Dinesh Thakkar|
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 Ratings||Zerodha||Angel Broking|
|On Experience||5.7 out of 10||8.5 out of 10|
|On Products & Services||8.5 out of 10||7.0 out of 10|
|On Brokerage Charges & Fees||9.5 out of 10||7.0 out of 10|
|On Stock Research & Advisory||4.0 out of 10||7.0 out of 10|
|On Trading Platforms||9.0 out of 10||6.5 out of 10|
|On Overall Ratings||7.4 out of 10||7.2 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.
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 Services||Zerodha||Angel Broking|
|Charges for Account Opening||Rs.300||Zero|
|AMC of Demat||Rs.300 per Annum||Free or Rs.300 per Annum|
|AMC of Trading||Free||Free|
|Marginal Money||Zero||Minimum Rs.10,000|
|Offline to Online||No||Yes|
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 & Fees||Zerodha Brokerage||Angel Broking Brokerage|
|Equity Delivery Trading||Zero||0.1% – 0.4%|
|Equity Intraday Trading||Rs.20||0.01% – 0.04%|
|Commodity Options Trading||Rs.20||0.01% – 0.04%|
|Equity Futures Trading||Rs.20||0.01% – 0.04%|
|Equity Options Trading||Rs.20 per Lot||Rs.16 per Lot|
|Currency Futures Trading||Rs.20||0.01% – 0.04%|
|Currency Options Trading||Rs.20 per Lot||Rs.30 per Lot|
|Minimum Brokerage||Zero||Percentage of Transaction|
|Demat AMC Charges||Rs.300 per Annum||Free or Rs.300 per Annum|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Minimum 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.
|Other Charges||Zerodha||Angel Broking|
|Transaction Charges||0.00325% of Total Turnover||0.00325% 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)|
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.
|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 Zerodha vs Angel Broking based on their service offering we derived the below comparison:
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 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 & Advisory||Zerodha||Angel 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 / Leverage||Zerodha Margin||Angel Broking Margin|
|Equity Delivery||Maximum 20x||Maximum 20x|
|Equity Intraday||Maximum 28x||Maximum 40x|
|Equity Futures||Maximum 15x||Maximum 10x|
|Equity Options||Maximum 8x||Maximum 10x|
|Currency Futures||Maximum 12x||Maximum 5x|
|Currency Options||Maximum 8x||Maximum 7x|
|Commodities||Maximum 17x||Maximum 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.
Zerodha Vs Angel Broking Trading Platforms:
Because of the trading terminal offering of Zerodha vs Angel Broking, we compared them as below:
|Trading Platforms||Zerodha Trading |
|Angel Broking |
|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:
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 Support||Zerodha||Angel Broking|
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)||Zerodha||Angel Broking|
|Lodged in BSE||120||128|
|Resolved in BSE||117||128|
|Lodged in NSE||89||196|
|Resolved in NSE||85||196|
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.