Zerodha vs Upstox vs Angel One: Which Is The Best?

Are you in a dilemma of choosing between the broking companies in India? Zerodha vs Upstox vs Angel One, which could be a better option to begin your trading journey?

Let’s take a deep dive into the salient features that compare the prevalent brokers in India, Zerodha vs Upstox vs Angel One.  

Overview Of Zerodha vs Upstox vs Angel One

While Zerodha and Upstox are discount brokers, it is to be noted that Angel One is a full-service broker. Take a look at an overview of Zerodha vs Upstox vs Angel One :

Zerodha 

Zerodha was founded by Nithin Kamath and Nikhil Kamath in 2010. It is headquartered in Bengaluru. Zerodha has a clientele of 36.02 lakhs (as of 2021). It has over 120 branches in India. 

Zerodha is the most popular and the largest discount broking company in India, which has gained a reputation to be the best. As the name suggests, it was founded with an aim to remove barriers in stock market broking; it hence offers an enormous range of services and products at a lower cost.  

Upstox 

Upstox was founded by Raghu Kumar, Kavitha Subramanian, and Srinivas Vishwanath in 2012. It is headquartered in Mumbai. Upstox has a client base of 21.41 lakhs (as of 2021). It has 4 branches in India. 

Upstox is one of the popular and top discount broking companies in India that offers excellent deals in broking. It is backed by venture capitalists like Ratan Tata, GVK Davix, and Kalaari Capital and is owned by RKSV Securities Private limited. It offers robust trading platforms that are compatible with smartphones and desktops. 

Angel One 

Angel One is a full-service broking company founded by Dinesh Thakkar in 1996. It has 6.18 lakh clients. It is headquartered in Mumbai. It has 8,500 branches across India. 

Angel Broking Limited is now Angel One, perhaps one of the largest and oldest full-service broking companies in India. It offers a rich database for research, reports, and knowledge centers with a trading platform. It went public in September 2020 with an IPO of ₹ 600 crores. 

Products and Services 

Take a look at the comparison of different products and services offered by Zerodha vs Upstox vs Angel One: 

Zerodha

Zerodha offers a wide range of products such as: 

  • Kite
  • Coin 
  • Varsity
  • Trading Q & A 
  • Console 
  • Small case
  • Pulse
  • Streak
  • Sentinel 
  • Sensibull
  • GoldenPi 

It also offers tools and utilities such as a Brokerage calculator, margin calculator, and holiday calendar. Zerodha provides investment options in stocks, futures, options, IPOs, direct mutual funds, government securities, gold bonds, ETFs.

NSE, BSE, MCX, NCDEX are the supported exchanges by Zerodha. Zerodha supports orders such as Cover Order, After Market order (AMO), Buy Today Sell Tomorrow (BTST), and Good till Cancelled (GTC). Zerodha does not provide a research report. 

Upstox

Upstox offers products such as: 

  • ProWeb
  • ProMobile

It also offers tools and utilities such as a Brokerage calculator, span calculator, and options strategy builder. Upstox provides investment options in stocks, mutual funds, futures, options, IPOs, digital gold. NSE, BSE and MCX are the supported exchanges by Upstox. Upstox supports Cover Order and After Market Order (AMO). It does not provide a research report for traders and investors. 

Angel One

Angle one offers products such as : 

  • Angel One app
  • Angel One Trade
  • Angel Speedpro
  • Smart API
  • Smart money
  • Smart buzz
  • Smart store

It also offers tools and utilities such as a Brokerage calculator, Fundamental research, Technical research, content research, and market updates. Angle One provides investment options in Equity, Currency, Derivatives, Commodities, Debt, IPOs. BSE, NSE, MCX, and MSEI are the supported exchanges at Angle One. Angle One supports Cover Order and Buy Today Sell Tomorrow (BTST). Angel One provides research reports, studies, and quarterly analyses of listed companies. 

Pricing Features 

Have a look at the pricing features of Zerodha vs Upstox vs Angel One to make the best choice between the trio : 

Opening and Maintenance Charges

ParticularsZerodhaUpstoxAngel One
Trading account opening₹ 200₹ 0₹ 0
Annual Maintenance Charge (AMC) for Demat account₹ 300₹ 300₹ 450 

Equity Brokerage Charges

ParticularsZerodhaUpstoxAngel One
Equity delivery₹ 0 (Free)₹ 20 per executed order, or 2.5%, whichever is lower₹ 0 (Free)
Equity Intraday₹ 20 per executed order, or 0.03%, whichever is lower₹ 20 per executed order, or 0.05%, whichever is lower₹ 20 per executed order, or 0.25%, whichever is lower
Equity Futures₹ 20 per executed order, or 0.03%, whichever is lower₹ 20 per executed order, or 0.05%, whichever is lower₹ 20 per executed order, or 0.25%, whichever is lower
Equity Options₹ 20 per executed order₹ 20 per executed order₹ 20 per executed order, or 0.25%, whichever is lower

Currency Brokerage Charges 

ParticularsZerodhaUpstoxAngel One
Currency Futures₹ 20 per executed order, or 0.03%, whichever is lower₹ 20 per executed order, or 0.05%, whichever is lower₹ 20 per executed order, or 0.25%, whichever is lower
Currency Options ₹ 20 per executed order, or 0.03%, whichever is lower₹ 20 per executed order₹ 20 per executed order, or 0.25%, whichever is lower

Commodity Brokerage Charges 

ParticularsZerodhaUpstoxAngel One
Commodity Futures₹ 20 per executed order, or 0.03%, whichever is lower₹ 20 per executed order, or 0.05%, whichever is lower₹ 20 per executed order, or 0.25%, whichever is lower
Commodity Options ₹ 20 per executed order, or 0.03%, whichever is lower₹ 20 per executed order₹ 20 per executed order, or 0.25%, whichever is lower

Transaction Charges and Leverage 

ParticularsZerodhaUpstoxAngel One
Equity delivery and intradayNSE ₹ 345 per crore or 0.00345% 
BSE  ₹300 per crore or 0.003% 
NSE ₹ 345 per crore or 0.00345% 
BSE  ₹300 per crore or 0.003%
NSE ₹ 325 per crore or 0.00345% 
BSE  ₹300 per crore or 0.003%
Equity futuresNSE ₹ 200 per crore or 0.002% NSE ₹ 200 per crore or 0.002% 
NSE ₹ 190 per crore or 0.0019% 
BSE  ₹300 per crore or 0.003%
Equity optionsNSE ₹5,300 per crore or 0.053% premiumNSE ₹5,300 per crore or 0.053% premiumNSE ₹5,000 per crore or 0.05% premium
Currency futuresNSE ₹ 90 per croreNSE ₹ 130 per croreNSE ₹ 190 per crore
Currency options NSE ₹ 3,500 per croreNSE ₹ 2,900 per croreNSE ₹ 5,000 per crore
Commodity₹ 260 per crore (Group A)₹ 290 per crore (Group A)MCX ₹ 150 per crore 
NCDEX ₹ 300 per crore
Intraday leverage6x of the net value6x of trade value6x of the net value
Futures and Options, Currency futures, Commodity futures1.3 x 1.3 x1.3 x

The stock market is a great podium when you have an objective to maximize your wealth creation potential. A stockbroker is an inevitable and reliable intermediary that you would meet to execute transactions smoothly and seamlessly in the stock market. You have to begin by opening a demat and trading account in adherence to SEBI guidelines. 

Which Is The Best?

A thorough and comprehensive analysis between the trio, Zerodha vs Upstox vs Angel One, can give a better idea to make the wise decision on which one to choose. 

What matters is that the choice of the broker must synchronize and align with your needs and objectives as a trader/investor. Make the ideal choice and happy trading! 

Frequently Asked Questions (FAQs)

In what ways is Zerodha better than Upstox and Angel One? 

Zerodha is better than Upstox and Angel One, considering the following reasons: 

  • Zerodha is a debt-free company. 
  • It invests largely in technology. 
  • It offers an IPO application investment option. 
  • It offers a wide and excellent range of products and tools. 
  • The decision-making of the Board is faster. 
  • You can apply for direct mutual funds using Zerodha. 
  • It has the highest number of clients and is ranked no. 1 in India. 
  • It is friendly to novice and professional traders and investors. 

In what ways is Upstox better than Zerodha and Angel One? 

Upstox is better than Zerodha and Angel One, considering the following reasons: 

  • Upstox offers access to third-party trading software for advanced traders such as Fox Trader, Dartstock, and NEST Trader. 
  • The pre-paid offer by Upstox has validity for 2 years. The pre-paid plans come with less than ₹ 20 for each trade with a brokerage credit of ₹ 400 at a ₹ 249 plan. 

In what ways is Angel One better than Zerodha and Upstox? 

Angel One is better than Zerodha and Upstox considering the primary reason that Angel One is a full-service broker. It provides not just a platform but extensive services such as research reports, advisory, fundamental analysis, technical analysis, and company analysis reports. Zerodha and Upstox, on the contrary, do not offer advisory and research services since they are discount brokers. 

About Stuart Cook

Digital Marketer, Dreamer, Entrepreneur and an avid Traveler.

Leave a Comment