Zerodha V/s Angel Broking | Brokerage, Margin and Charges
Angel broking is one of the leaders in the traditional brokerage industry in India working from 1987. While Zerodha is a Discount broker founded in 2010. Both provide mobile trading and web trading.
Angel broking
- Provides all services through one application / website
- Angel broking Speed pro for online trading and analysis.
Zerodha
- Kite by Zerodha
- Zerodha has various applications to provide multiple services but all of them are linked to one single DEMAT account. Streak for algo trading, Varsity for education, Pulse for news and Coin for mutual funds.
Open Account With Zerodha Instantly in 10 Mins
Zerodha V/s Angel Broking Work Pattern
Angel broking works on traditional broker patterns and is less active in online securities exchange. However with the change of time Angel broking has updated it’s brokerage charges and decreased them due to competition from discount brokers like Zerodha.
Angel broking accounts for approximately 5.5 lacs active trading accounts while Zerodha accounts for almost 24 lacs active trading accounts.
Brokerage Charges
Zerodha v/s angel broking brokerage charges are as follows :
| ZERODHA | ANGEL BROKING | |
| Equity delivery | FREE | FREE |
| Equity future | Rs. 20 or 0.03% of turnover (whichever is less) | Rs. 20 per executed trade |
| Equity options | Rs. 20 per executed trade | Rs. 20 per executed trade |
| Equity Intraday | Rs. 20 or 0.03% of turnover (whichever is less) | Rs. 20 per executed trade |
| Commodity future | Rs. 20 or 0.03% of turnover (whichever is less) | Rs. 20 per executed trade |
| Commodity options | Rs. 20 per executed trade | Rs. 20 per executed trade |
| Currency futures | Rs. 20 or 0.03% of turnover (whichever is less) | Rs. 20 per executed trade |
| Currency options | Rs. 20 per executed trade | Rs. 20 per executed trade |
One benefit in Angel broking is that there is no chance of technical breakdown while in Zerodha the trades are done online (most of the time as people don’t opt for call service). Also Angel broking is financial advisor as well so they give calls to their active trading account holders which Zerodha doesn’t procure. It does give financial advice but never gives out buying or selling calls.
Margin
Zerodha V/s angel broking margin is as follows :
| ZERODHA | ANGEL BROKING | |
| Equity delivery | 1 Times | 3 Times (24% interest per year) |
| Equity future | 2.5 times | 4 times |
| Equity options | 2.5 times | 3 times (only for shorting) |
| Equity Intraday | 20 times | 10 times |
| Commodity future | 2.5 times | 3 times |
| Currency futures | 2.5 times | 2 times |
| Currency options | 2.5 times | 5 times (only for shorting) |
Ratings
Zerodha vs angel broking review is as follows :
| ZERODHA | ANGEL BROKING | |
| FEES | 3.5/5 | 3/5 |
| TRADING BROKERAGE | 4.5/5 | 4/5 |
| PLATFORM FOR TRADING | 4.5/5 | 3.5/5 |
| CUSTOMER SERVICE | 4.5/5 | 3.5/5 |
| RESEARCH WORK | 3/5 | 3/5 |
| OVERALL RATING | 4/5 | 3.5/5 |
Zerodha has a 24/7 online customer service while Angel broking has a strong customer support in offline mode. Both are active in online and offline modes for trading but Zerodha is more active in online mode while Angel broking has a more active client base in traditional mode.
Order Type Offered
Angel broking offers only two types of orders. BTST (buy today, sell tomorrow) and cover order. While Zerodha Along with BTST and cover order, Provides AM0 (after market order), GTC (good till cancelled) and bracket order.
Investment Options
Zerodha and Angel broking both offer the same range of Investment options. Zerodha offers Equity, currency, mutual fund, IPO and commodity as its investment options. While Angel broking offers all those options along with two others. These are Bond/NCD and Debt.
In House Research
Both companies have their in house research teams. But in Zerodha the team does not provide by and selling calls or tips. They just provide information in the form of their views. While in Angel broking stock specific tips are provided to the customers.
Account Charges
Zerodha v/s Angel broking account charges are as follows :
| ZERODHA | ANGEL BROKING | |
| ACCOUNT OPENING | 200 (equity) + 100 (commodity) | FREE |
| MAINTENANCE CHARGES | 300 + GST (annually) | 450 + GST (annually) |
Both the firms are best in their own criterias. Zerodha is best for online trading while Angel broking is preferred for offline or traditional way of trading.
Due to online trading and its added features along with lowest brokerage charges and large customer base, Zerodha is preferred more than Angel broking.
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