Comparison Between Angel Broking and Zerodha (Zerodha V/s Angel Broking)

Zerodha and angel broking both are brokerage firms having different business models. Both have online and offline presence for trading yet Zerodha is more active in online mode and Angel is more active in offline mode.

Zerodha has a strong online presence with more than 25 lakh clients having active trading accounts. It was incorporated in 2010 and today is the best stock broker in India. Zerodha has recently initiated Zerodha Franchise for expanding its presence in retail business as well. Angel broking was established in 1987 and has more than 5.5 lakh active trading accounts. Angel broking has a strong retail presence with its presence in more than 1800 cities of India and having a strong network of more than 8500 sub brokers.

BROKERAGE

Zerodha has the lowest brokerage charges in the entire market. Both the firms have free (zero brokerage) equity delivery available but Zerodha charges 0.03% of turnover or Rs. 20 whichever is less for all the other transactions while Angel broking charges minimum brokerage of Rs. 20 per order for any volume of turnover. It also charges additional 20 Rs. in case of Call and trade transactions.

MARGIN

Margin is provided more in Angel broking as compared to Zerodha. Angel broking provides 4x margin for equity delivery and 10x margin for equity intraday. It provides a margin of 3x for equity futures and options, upto 4x for commodity futures and upto 5x margin for currency futures and options. In case of buy order for equity options and currency options the margin gets lowered to 3x. On the other hand Zerodha has no margin available for the same. Zerodha gives 20x margin for intraday equity transactions while In other categories Zerodha provides 2.5 x margin (equity future and options, currency futures and options, commodity futures).

In other features Zerodha vs Angel are more advanced online trading platforms. Zerodha also has other apps like Pulse (news), Varsity (education), Streak (algo trading), Coin (mutual funds) for its account holders. Angel broking provides equity calls (i.e. buying and selling tips) while Zerodha does not provide the same. Angel broking has robo advisory features while Zerodha lacks for the same. However Zerodha is working on a Nudge feature to provide alerts on every stock (if any) before trading it. Angel broking also provides Life Insurance, mutual funds and PMS along with other categories.

CHARGES

Zerodha has account opening charges of 300 Rs. (equity - 200 Rs., commodity – 100 Rs.) while Angel broking charges 699 Rs. which have been waived right now for some time. The annual maintenance charges are 300 Rs. for Zerodha and 450 Rs. for Angel broking.

Angel broking has more than 30 years of experience but Zerodha has more benefits for independent traders and beginners. Hence both the firms have their pros and cons and are the best in their working domain.