Angel Broking Vs Zerodha: 2022 Detailed Comparison

Want to know who is better between angel broking vs zerodha? Well you have landed on the right article, make sure to read the article carefully to know angel broking charges vs zerodha.

Have you ever wished you could trade in securities and grow your money? You may not be far from realising your dream, as trading has now become a household phenomenon and highly convenient.

• Several apps are available to help you with everyday trading. Zerodha and Angel Broking are some of India's most common trading apps. Let's first understand the numerous benefits of trading.
  
  
• You can save some money if you invest money for the long term. Online trading is the best choice if you are looking for long-term investment.
  
  
• You can easily make money even if you invest a small amount. If you set aside your savings, they will simply sit idle in your bank. You need to give some avenues for your money to grow
  
  
• You can earn steady returns and have a constant income source apart from your regular salary and income.
  
  
• Using an online app for trading helps you avoid involving middlemen in the transactions you make. So, you won’t have to pay middlemen or brokers.
  
  
• You will control the entire trading process, and you can easily decide the stocks and mutual funds you want to invest in.
  
  
• The trading apps in the market will also give you real-time updates on the stocks, mutual funds, and other securities you invest in.
  
  
• Earlier, trading had several time barriers, but online trading and trading via apps have eliminated them all.
  
  
• Here, you can set your investment limits and invest in all kinds of businesses that you find worth.

There are many other benefits of trading. You can explore the zerodha or angel broking app if you want to try your hand at online trading.

Both Zerodha and Angel Broking have been around for a while. Both are doing well, and they have numerous traders listed on their platforms.

This article will help you appreciate the similarities and marginal differences between the two apps. We will also highlight their pros and cons, as well as the brokerage charges and margin these apps provide.

Both these apps are competing in the trading space and have something unique to offer. Let's read on to get to know more about them. I hope after reading the article zerodha vs angel broking/angel vs zerodha, the confusion in your mind would be cleared.

Angel Broking Vs Zerodha: A Detailed Comparison (2022 Updated)

Overview Of Angel Broking

Founded in 1987, Angel Broking is a well-known brand with over 30 years of expertise in the brokerage industry and over a million satisfied consumers.

They operate in over 1,800 cities across India and have a robust network of over 8,500 sub-brokers. Angel Broking provides trading services in equity, futures and options, commodities and currency on the BSE, NSE, NCDEX and MCX.

Angel Broking operated as a full-service broker for nearly two decades, charging a percentage-based brokerage fee to its clients.

To compete with thriving discount brokers like Zerodha, 5Paisa, Upstox and others, they have altered their business model from percentage brokerage to flat fees (November 2019).

Angel Broking currently provides the 'Angel iTrade PRIME' flat-rate brokerage package. The delivery trading is completely free here.

They charge a flat rate of Rs. 20 per trade for all other segments, including intraday, F&O, currencies and commodities. The same straightforward rate applies across all exchanges and sectors.

One of the significant benefits of trading with Angel Broking is that they offer their clients financial advice, coaching, and recommendations for stock market investments.

They also provide free research studies on firms and various additional value-added tools and services to their clientele.

Demat & Trading account review

Angel Broking's Speed Pro trading platform is ideal for traders who want to execute orders quickly, even during the final trading session.

This is critical for traders who want to play it safe and secure their winnings at available through Angel Brokingthe end of the day. This has won Angel Brokerage over 1.11 million active broking accounts and manages over Rs. 113.02 billion in customer assets.

Stock trading, consulting services, margin finance, loans against shares and mutual fund distribution are all available through Angel Broking.

Brokerage charges

Angel Broking is a full-service stockbroker offering a flat discount brokerage of Rs 20 per deal across all trading segments. They charge no fees for equity delivery trades. For an extra fee of Rs 20 per order, Angel Broking offers a "Call & Trade" service.

Margin provided

Angel broking offers intraday (MIS) and bracket orders (BO) solutions with margins. For intraday (MIS) trading in Equity, Futures (stock & index), and Option writing, you obtain a six-to-eight times respectable margin.

Any new day trader would be delighted to open a position of Rs. 150,000 with a margin of Rs. 12,500.

However, commodity F&O margins are limited to a maximum of four times on NCDEX and six times on the MCX market. Only on Angel Speed Pro does Angel Broking provide Bracket Order (BO) margins.

A stop loss and profit-taking order are made simultaneously with the original order in Bracket Orders (BO). Assume the market price of stock A is Rs.700, and you wish to put a buy BO order on it.

You'll also need to set a stop-loss order (as low as Rs.696) and a profit-taking order when you trade (which can be placed at Rs.705).

The buy BO order for Rs.700 is instantly executed. While one of the two orders (profit taking or stop loss) is executed on time, the other is not. The other order is instantly cancelled when this happens, reducing the deal's risk.

Account opening charges for Angel Broking Demat Account

Fill out the form to open an Angel Broking 2-in-1 (trading + demat) account online. Under the "LIFE 2500" scheme, the Angel Broking brokerage business also offers you the option of paying a lifetime AMC (paid upfront once) of Rs.2500. The charges of opening a trading account are as follows:

Angel Broking app

You may view markets' charts and even trade using your smartphone through the Angel Broking mobile app. Multiple indices with real-time prices can be checked.

You can also use the app to access ledgers, contract notes, P&L statements, and transfer funds and securities. The Angel's ARQ personal advising service, live market data, and UPI-based payments are all available through the app.

Angel Broking Trade

Angel Broking Trade is a web-based trading tool with a simple interface that automatically records portfolio performance and updates all transactions.

Through Angel Broking, one can invest in securities like initial public offers, mutual funds, etc. With a single login, the Angel Broking trade platform may be used to manage the entire family's wealth/account.

Angel Speed Pro

Angel Speed Pro is a trading programme installed on laptops and desktop computers and can be installed on numerous PCs.

Speed Pro gives you direct access to the market and extensive technical analysis. You can keep track of your investments, get real-time market updates, and view and update live market data in Excel.

Angel Broking pros and cons

Pros

• The app allows you to manage your account pretty efficiently.
• You may develop a low-cost portfolio by investing small sums in budget-friendly securities.
• It contains comprehensive instructions for beginner traders.
• The app also helps you make fractional investments in several types of securities.

Cons

• The only disadvantage is that if you use your phone and enter a trade, you will be charged a fee of Rs.20 for that transaction.

Why should you pick this broker?

If you're searching for a full-service broker who charges a flat fee of Rs. 20 per trade, Angel Broking is a good option.

Overview Of Zerodha

Zerodha, India's largest stockbroker, was launched in 2010 by Nitin Kamath and is ideal for traders and investors searching for low brokerage, a simple interface, and a dependable trading platform.

It has more than 2.2 million clients who account for more than 15% of the daily retail trading volumes on the BSE, NSE and MCX.

Zerodha charges no brokerage fees for the delivery of equities and direct mutual fund investments.

It charges a flat fee of Rs.20 for all intraday, F&O, currency and commodity trades on the NSE, BSE, and MCX, regardless of the trading volume. Using Zerodha as your broker helps you save a lot of money on your trades.

Demat & Trading account review

Zerodha pioneered the discount broking model by charging a flat fee of Rs 20 per trade for the first time in India. The delivery of equity is entirely free.

If you ask someone about a trading platform to start trading, everybody's reply would be Zerodha. The fundamental cause for this word-of-mouth reference is Zerodha's robust trading platform for technical analysis and excellent customer service.

Brokerage charges

Regardless of the trading volume, Zerodha charges a maximum of Rs.20 per executed order. This enables you to trade in large volumes.

You can pay a nominal price to use value-added services from Zeordha's official partners like Screeners, Sensibull, Stock reports, and SmallCase. A stock report, for example, will set you back by Rs.150 every month.

This makes Zerodha ideal for traders who conduct their research. New traders willing to pay a premium for additional services can also benefit from a Zerodha account.

Margin provided

The margins for intraday trading are as follows:

Account opening charges for Angel Broking Demat Account

Listed below are the charges for opening an account with Zerodha:

An additional Rs.300 will be charged if you get the account opened offline.

Kite Mobile

Using the Kite Mobile app, you can trade and monitor live streaming data from the BSE, NSE and MCX. The software allows you to see charts with over 100 indicators and trade intraday using the BO and CO order placements.

The Kite Mobile App is compatible with both iOS and Android devices. The app has a biometric (2FA) login (fingerprint and Face ID – iOS) for further protection. Kite is a miniature mobile app requiring less than 0.5 Kbps for a full MarketWatch.

Kite 3.0

For all Zerodha users, Kite 3.0 is a free web-based trading and investment platform. The platform can be used to trade on smartphones, tablets, desktops and laptops. Over 90,000 stocks and F&O contracts are available on the BSE, NSE and MCX.

The platform features a modern user interface with real-time widgets and advanced charting tools.

However, there have been reports of the Kite platform hanging owing to order overloads in the last hours of trading. This can easily turn a profitable position into a loss.

Kite Connect API

Kite Connect APIs are available through Zerodha. Kite Connect is an HTTP/JSON API that may create your apps.

Sentinel

Sentinel allows you to create cloud-based alerts for over 80,000 equities, bonds, commodities, futures and options contracts, and currencies traded on many exchanges. You may create price alerts and 20+ other data elements such as OHLC, bids, and offers.

Zerodha PI

Zerodha PI is a downloadable and installable trading terminal with comprehensive charting, strategies and backtesting capabilities. The Zerodha PI application allows you to trade across BSE, NSE and MCX segments.

Zerodha pros and cons

Pros

• The app's best feature is its availability in 10 distinct regional languages.
• Charts provide a large amount of data to analyse the market performance.
• You can set a restriction on the number of orders placed.
  
  
• Cons
  • The Zerodha app does not allow you to trade mutual funds.
  • Traders do not receive price alerts.

Why should you pick this broker?