Zerodha vs Angel One: A Detailed Comparison
Zerodha vs Angel One: In the world of online trading, two names stand out: Zerodha and Angel One. Both are renowned for their low brokerage fees, user-friendly platforms, and wide range of features. But which one is right for you?
In this blog post, we will take a deep dive into the features, charges, and trading platforms of Zerodha and Angel One. We will also provide a side-by-side comparison to help you make an informed decision.
Zerodha vs Angel One About
Zerodha
Zerodha is India’s leading stock broker, offering online flat fee discount brokerage services across a wide range of investment products, including equity, currency, commodity, IPO, futures & options, bonds, government securities, and direct mutual funds….continue reading
Angel One
Angel One is a company in India that helps people buy and sell stocks and investments. They have services for regular people who want to invest in things like stocks, currencies, and commodities. They also offer advice on how to manage your money and invest it wisely…..Continue reading
Zerodha vs Angel One Overview
Angel One, a discount broker established in 1996, allows trading on the BSE, NSE, MCX, and NCDEX. They have a wide presence with 900+ branches across India.
Zerodha, founded in 2010 as another discount broker, offers trading on NSE, BSE, MCX, and NCDEX, but they have a smaller network with only 75+ branches in India.
| Details | Angel One | Zerodha |
|---|---|---|
| Broker Type | Discount Broker | Discount Broker |
| Exchange Membership | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX, NCDEX |
| Founder In | 1996 | 2010 |
| Head Office | Ackruti Trade Center, Andheri (E), Mumbai, Maharashtra, India | Bengaluru, India, at 153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru – 560078. |
| No. of Branches | 900+ | 75+ |
| Founder | Dinesh Thakkar | Nithin Kamath and Nikhil Kamath |
| CEO | Dinesh Thakkar | Nithin Kamath |
| Market Cap | INR 12,000 crores | $2 billion |
| Downloads on Playstore | 10M+ | 10M+ |
| Rating on Playstore | ⭐4.3 Out of ⭐5.0 (Based on 776K Votes) | ⭐4.0 Out of ⭐5.0 (Based on 326K Votes) |
| Users | Over 1.5 million+ | 15 million+ (9.5 Active users) |
| Website | www.angelone.in | https://zerodha.com/ |
Zerodha vs Angel One Features
Trading Platforms: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Mobile App | Angel One App | Kite Mobile for Android/iOS |
| Web Platform | Angel Eye | Kite Web |
| Trading Terminal | Angel Speedpro | Coin trading software |
Account Features: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| 3-in-1 Account | No | No |
| Charting | Yes | Yes |
| Automated Trading | Yes | Yes |
| SMS Alerts | Yes | No |
| Online Demo | Yes | Yes |
| Online Portfolio | Yes | No |
| Margin Trading | Yes | No |
Margin Funding: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Margin Against Shares (Equity Cash) | Yes | Yes |
| Margin Against Shares (Equity F&O) | Yes | Yes |
Additional Features: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Intraday Square-off Time | 3:15 PM | Eq Cash: 3:15 PM |
| Trading In SME Shares Allowed? | No | Yes |
| Referral Program | Yes | Yes |
| Other Features | Daily, weekly and monthly reports of Equity, F&O, Commodities and Currency | Direct Mutual Funds, APIs for Algo Trading |
Key Differences:
- Angel One offers a wider range of trading platforms, including Angel One App, Angel Eye, and Angel Speedpro. Zerodha’s main trading platform is Kite Web, with mobile apps available for Android and iOS.
- Angel One allows trading in SME shares, while Zerodha does not.
- Angel One provides daily, weekly, and monthly reports for Equity, F&O, Commodities, and Currency, while Zerodha focuses on Equity, F&O, and Commodities.
Zerodha vs Angel One Charges
Charges and AMC (Account Maintenance Charges) Comparison
Trading Account Charges: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Account Opening Charges | Rs 0 (Free) | Rs 200 |
| AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
Demat Account Charges: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Account Opening Charges | Rs 0 (Free) | Rs 0 |
| AMC Charges | Rs 240 | Rs 300 |
Key Differences
- Angel One offers free trading account opening and AMC charges, while Zerodha charges Rs 200 for account opening.
- Angel One charges Rs 240 for Demat account AMC, while Zerodha charges Rs 300.
Overall, Angel One is the more cost-effective option for traders who do not require a lot of hand-holding or advanced trading features. Zerodha may be a better choice for more active traders who require more flexibility and support.
Zerodha vs Angel One: Brokerage Charges
| Feature | Angel One | Angel iTrade PRIME | Zerodha |
|---|---|---|---|
| Fixed Charges | None | None | None |
| Equity Delivery | Free | Free | Free |
| Equity Intraday | Rs 20 per order | Free | Rs 20 per order or 0.03%, whichever is lower |
| Equity Futures | Rs 20 per order | Free | Rs 20 per order or 0.03%, whichever is lower |
| Equity Options | Rs 20 per order | Free | Rs 20 per order |
| Currency Futures | Rs 20 per order | Free | Rs 20 per order or 0.03%, whichever is lower |
| Currency Options | Rs 20 per order | Free | Rs 20 per order |
| Commodity Futures | Rs 20 per order | Free | Rs 20 per order or 0.03%, whichever is lower |
| Commodity Options | Rs 20 per order | Free | Rs 20 per order |
Key Differences
- Angel One and Zerodha both offer free equity delivery and intraday trading for retail investors.
- Angel One’s iTrade PRIME plan offers free equity intraday trading, while Zerodha charges a flat fee of Rs 20 per order or 0.03%, whichever is lower.
- Angel One and Zerodha charge a flat fee of Rs 20 per order for all other types of trades.
Other Brokerage Charges: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Minimum Brokerage | Equity: Rs 20 | Equity: Rs 0 (Free) |
| F&O: Rs 30 | F&O: 0.03% for intraday and F&O trades | |
| Other Charges | Physical contact notes: Rs 20 | None |
| Trade SMS Alerts: Rs 1 per SMS | None | |
| Call & Trade Charges | Additional Rs 20 per executed order | Rs 50 per executed order |
Transaction Charges: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Equity Delivery | NSE: Rs 335 per Cr (0.00335%) (each side) | NSE: Rs 325 per Cr (0.00325%) |
| Equity Intraday | NSE: Rs 335 per Cr (0.00335%) (each side) | NSE: Rs 325 per Cr (0.00325%) |
| Equity Futures | NSE: Rs 195 per Cr (0.00195%) (each side) | NSE: Rs 190 per Cr (0.0019%) |
| Equity Options | NSE: Rs 5300 per Cr (0.053%) (on premium) | NSE: Rs 6250 per Cr (0.0625%) (on premium) |
| Currency Futures | NSE: Rs 90 per Cr (0.0009%) | NSE: Rs 90 per Cr (0.0009%) |
| Currency Options | NSE: Rs 3500 per Cr (0.035%) | NSE: Rs 3500 per Cr (0.035%) |
| Commodity | MCX: Rs 150 per Cr (0.0015%) | NCDEX: Rs 300 per Cr (0.003%) |
Key Differences
- Angel One charges a transaction fee of Rs 335 per Cr (0.00335%) for equity delivery trades on both NSE and BSE, while Zerodha charges Rs 325 per Cr (0.00325%) on NSE and offers free equity delivery trades on BSE.
- Angel One charges a transaction fee of Rs 335 per Cr (0.00335%) for equity intraday trades on both NSE and BSE, while Zerodha charges Rs 325 per Cr (0.00325%) on NSE and offers free equity intraday trades on BSE.
- Angel One charges a transaction fee of Rs 195 per Cr (0.00195%) for equity futures trades on NSE, while Zerodha offers free equity futures trades.
- Angel One charges a transaction fee of Rs 5300 per Cr (0.053%) for equity options trades on NSE, while Zerodha charges Rs 6250 per Cr (0.0625%).
- Angel One charges a transaction fee of Rs 90 per Cr (0.0009%) for currency futures trades on NSE, while Zerodha charges the same fee on both NSE and BSE.
- Angel One charges a transaction fee of Rs 3500 per Cr (0.035%) for currency options trades on NSE, while Zerodha charges the same fee on NSE and offers free currency options trades on BSE.
Overall, Zerodha has the more competitive transaction charges for most types of trades.
Zerodha vs Angel One Leverage (Margin)
| Feature | Angel One | Zerodha |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Equity, Currency, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Key Differences
- Both Angel One and Zerodha offer a margin of up to 20% of the trade value (5x leverage) for intraday equity trading.
- Both Angel One and Zerodha offer a margin of 100% of the trade value (1x leverage) for equity delivery trading.
- Both Angel One and Zerodha offer a margin of 100% of NRML margin (Span + Exposure) (1x leverage) for F&O trading.
Zerodha vs Angel One Demat Account Comparison
| Feature | Angel One | Zerodha |
|---|---|---|
| Dematerialisation Charges | Rs 50 per certificate | ₹150 per certificate (+ ₹100 Courier charges) |
| Rematerialisation Charges | Rs 50 + Actual CDSL charges | ₹150 per certificate + CDSL charges + ₹100 Courier charges |
| Transaction Charges (Credit or Buy) | Nil | Market Trades: ₹13.5 + GST |
| Transaction Charges (Debit or Sell) | Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) | Off-Market Trades: 0.03% of ₹25 whichever is higher + GST |
| Pledge Creation Charges | Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) | ₹30 per request + GST |
| Pledge Creation Confirmation Charges | Nil | ₹0 |
| Pledge Invocation Charges | Nil | ₹20 |
| Failed Instruction Charges | Nil | ₹50 per ISIN |
| Other Charges | Rs 25 per request for additional DISCheque Bounce: ₹350 | Physical Statement – ₹50 (+Courier charges at actual) |
| Modification in CML – ₹25 per request | KRA Upload / Download – ₹50 per request |
Key Differences
- Angel One charges a flat fee of Rs 50 per certificate for dematerialization and rematerialization, while Zerodha charges ₹150 per certificate for dematerialization and ₹150 per certificate for rematerialization plus CDSL charges and courier charges.
- Angel One charges Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) for transaction charges (credit or buy), while Zerodha charges Market Trades: ₹13.5 + GST for transaction charges.
- Angel One charges Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) for pledge creation charges, while Zerodha charges ₹30 per request + GST for pledge creation charges.
- Angel One charges Rs 50 per request for additional DIS and ₹350 for cheque bounce, while Zerodha charges ₹50 for Physical Statement and ₹50 for KRA Upload / Download.
Overall, Zerodha has the more competitive Demat charges for most services.
Zerodha vs Angel One Investment Options
Angel One and Zerodha’s investment options, order types offered, research reports, and suitability for different investor types:
Investment Options: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Stock / Equity | Yes | Yes |
| Commodity | Yes | Yes |
| Currency | Yes | Yes |
| IPO | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Bond / NCD | Yes | No |
| Debt | Yes | No |
| Other Investment Options | – | – |
Order Types Offered:
| Feature | Angel One | Zerodha |
|---|---|---|
| Bracket Order | No | No |
| Cover Order | Yes | Yes |
| Buy Today Sell Tomorrow (BTST) | Yes | No |
| Sell Today Buy Tomorrow (STBT) | No | No |
| After Market Order(AMO) | No | Yes |
| Good Till Cancelled (GTC) | No | Yes |
Research Reports: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Daily Market Report | Yes | No |
| Free Tips | Yes | No |
| Quarterly Result Analysis | Yes | No |
| News Alerts | Yes | No |
Suitable For Investor Type: Zerodha vs Angel One
| Feature | Angel One | Zerodha |
|---|---|---|
| Casual Investor | – | Yes |
| Active Investor | Yes | Yes |
| Trader | Yes | Yes |
Zerodha vs Angel One – Trading Plateforms
Zerodha and Angel One are both leading online discount brokers in India, offering a wide range of trading platforms and tools to their customers. Here’s a comparison of their trading platforms:
Zerodha:
- Kite: Zerodha’s flagship trading platform, Kite is a web-based platform that is known for its user-friendly interface and powerful features. It offers a wide range of charting tools, technical indicators, and order types. Kite is also available as a mobile app for Android and iOS devices.
- Pi: A more advanced trading platform, Pi is designed for traders who require more sophisticated charting tools and technical analysis capabilities. It is available as a desktop application for Windows and macOS.
- Coin: A dedicated trading platform for commodity futures trading, Coin offers real-time market data, charts, and order execution for commodity futures contracts. It is available as a web-based platform and a mobile app for Android and iOS devices.
Angel One:
- Angel SpeedPro: Angel One’s flagship trading platform, Angel SpeedPro is a desktop application for Windows that offers a comprehensive range of trading features, including real-time market data, charts, technical indicators, and order types.
- Angel Eye: A web-based platform, Angel Eye is a simpler alternative to Angel SpeedPro that is designed for beginner traders. It offers a basic set of charting tools and technical indicators, as well as basic order types.
- Angel One App: Angel One‘s mobile app for Android and iOS devices offers a convenient way to trade on the go. It provides real-time market data, charts, news, and order execution capabilities.
Overall Comparison:
Both Zerodha and Angel One offer a variety of trading platforms to suit the needs of different types of traders. Zerodha’s Kite platform is particularly popular for its user-friendly interface and powerful features, while Angel One’s Angel SpeedPro platform is a more advanced option for traders who require more sophisticated tools.
Ultimately, the best trading platform for you will depend on your individual needs and preferences.
Zerodha vs Angel One – Regulatory
Both Zerodha and Angel One are regulated by the Securities and Exchange Board of India (SEBI), the country’s financial market regulator.
Additionally, both brokers are members of the Clearing Corporation of India Limited (CCIL), which is responsible for settling trades and managing risk in the Indian equity market.
Zerodha’s Regulatory Record:
Zerodha has a strong track record of compliance with SEBI regulations. The broker has never been fined or penalized by SEBI, and it has consistently received positive reviews from regulators. In 2016, SEBI awarded Zerodha the ‘Best Trading Platform’ award for its Kite platform.
Angel One’s Regulatory Record:
Angel One also has a good track record of compliance with SEBI regulations. The broker has never been fined or penalized by SEBI, and it has also received positive reviews from regulators. In 2018, SEBI awarded Angel One the ‘Best Service Broker’ award for its customer support.
Overall Regulatory Comparison:
Both Zerodha and Angel One are well-regulated brokers with a strong track record of compliance with SEBI regulations. Ultimately, the best broker for you will depend on your individual needs and preferences.
Regulatory information for each broker:
| Broker | SEBI Registration Number | CCIL Membership Number |
|---|---|---|
| Zerodha | INE 000000158 | M/S/2009/41 |
| Angel One | INE 000000180 | M/S/2009/50 |
Zerodha vs Angel One Pros and Cons
✅ Zerodha Pros
- Free equity delivery trades
- Flat Rs 20 per trade for all segments
- Excellent trading platforms (Kite) available for free
- Direct mutual fund investment available
- Good Till Triggered (GTT) orders available
- NRI trading account available
✅ Angel One Pros
- Brokerage-free equity delivery trades
- Flat Rs 20 per trade for intraday and F&O trades
- Easy-to-use online trading platforms
- Free research reports and trading tips
- Margin trading facility available
- No charges for NEFT/fund transfers
- Rs 20 for intraday square-off and call & trade
- Free advisory/tips for stocks and mutual funds
- Local sub-broker/RM services
- Facility to call RM for assistance
❌ Zerodha Cons
- No margin funding
- No 3-in-1 account
- No stock tips, research, and recommendations
- Call & Trade is charged an extra Rs 50 per order
- Auto Square off is charged at an extra Rs 50 per order
- No monthly unlimited trading plans
- No AMC Free Demat account
❌ Angle One
- Margin funding without prior notice
- No SME share trading
- Cross-selling of other products and services
FAQs
Which is best broker, Zerodha or Angel One?
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