With many stock brokers in India claiming to be the best discount broker in the country, it becomes difficult for the investors and traders to choose which one is best for them.
Angel Broking and Upstox are among the top discount stock broker in the country for opening a demat account and trading account for traders.
Since, both of them are top brokers a side-by-side comparison of the two brokers will help the traders decide which among the two is best for them in terms of services and charges offered.
Both the stock brokers are compared on the following aspects:
- Company Overview
- Demat Account
- Brokerage and other charges
- Research and Advisory
- Services
- Products
- Exposures and Margins
- Trading Platforms
| COMPANY OVERVIEWFree | |||
| Particulars | Angel Broking | Upstox | |
|---|---|---|---|
| About | Angel Broking is one of India’s largest full-service brokers which was incorporated in the year 1987. It offers investment and trading services in stocks, commodities, investment advisory, and margin funding to name a few | Upstox is a low cost broking firm in India which was incorporated in the year 2012, and provides trading opportunities at discounted prices. | |
| Incorporation Year | 1987 | 2012 | |
| Broker Type | Full-Service Broker | Discount Broker | |
| Exchanges Supported | BSE, NSE, MCX and NCDEX | NSE, BSE, and MCX | |
| Founder | Dinesh Thakkar | Raghu Kumar, Ravi Kumar, and Shrinivas Vishvanath | |
| Company Type | Private | Private | |
| ACCOUNT OPENING CHARGES | |||
| Source Depository | CDSL | CDSL | |
| Account opening charges | Zero | Rs.150 | |
| Demat AMC Charge | Rs.300 p.a. | Rs.150 p.a. | |
| Trading AMC Charges | Free | Free | |
| Margin Money | Minimum Rs.10,000 | Zero | |
| Offline to Online | Yes | No | |
| BROKERAGE AND OTHER CHARGES BROKERAGE CHARGES-PLAN 1 | |||
| Account Type | Angel iTrade Prime | Upstox Basic | |
| Equity Delivery Brokerage | Free | Free | |
| Equity Intraday Brokerage | Flat Rs.20 per executed order | Rs.20 per executed order | |
| Equity Futures Brokerage | Flat Rs.20 per executed order | Rs.20 per executed order | |
| Equity Option Brokerage | Flat Rs.20 per executed order | Rs.20 per executed order | |
| Currency Futures Brokerage | Flat Rs.20 per executed order | Rs.20 per executed order | |
| Currency Options Brokerage | Flat Rs.20 per executed order | Rs.20 per executed order | |
| Currency Options Brokerage | Flat Rs.20 per executed order | Rs.20 per executed order | |
| Commodity Options Brokerage | Flat Rs.20 per executed order | Rs.20 per executed order | |
| BROKERAGE CHARGES-PLAN 2 | |||
| Account Type | Angel iTrade Prime | Upstox Priority | |
| Equity Delivery Brokerage | Free | Free | |
| Equity Intraday Brokerage | Flat Rs.20 per executed order | Rs.30 per executed order | |
| Equity Futures Brokerage | Flat Rs.20 per executed order | Rs.30 per executed order | |
| Equity Option Brokerage | Flat Rs.20 per executed order | Rs.30 per executed order | |
| Currency Futures Brokerage | Flat Rs.20 per executed order | Rs.30 per executed order | |
| Currency Options Brokerage | Flat Rs.20 per executed order | Rs.30 per executed order | |
| Commodity Futures Brokerage | Flat Rs.20 per executed order | Rs.30 per executed order | |
| Commodity Options Brokerage | Flat Rs.20 per executed order | Rs.30 per executed order | |
| OTHER CHARGES | |||
| Minimum Brokerage Charges |
Equity: Rs.20 F&O: Rs.30 |
0 | |
| Other Brokerage Charges | NIL | NIL | |
| Call & Trade Charges | Additional Rs.20 per executed order | Rs.20 per trade | |
| TRANSACTION CHARGES | |||
| Equity Delivery | NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side) | NSE Rs.325 | BSE Rs.275 | |
| Equity Intraday | NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side) | NSE Rs.325 | BSE Rs.275 | |
| Equity Futures | NSE Rs.190 per Cr (0.0019%) | BSE Rs.300 per Cr (0.003%) (each side) | NSE Rs.210 | |
| Equity Options | NSE Rs.5000 per Cr (0.05%) | BSE Rs.300 per Cr (0.003%) (on premium) | NSE Rs.5500 | |
| Currency Futures | Rs.190 per Cr (0.0019%) | Rs.150 | |
| Currency Options | NSE Rs.5000 per Cr (0.05%)(on premium) | Rs.6000 | |
| Commodity | MCX Rs.150 per Cr (0.0015%) | NCDEX Rs.300 per Cr (0.003%) | MCX Rs.260/Cr | |
| Equity Delivery | NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side) | NSE Rs.325 | BSE Rs.275 | |
| Equity Intraday | NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side) | NSE Rs.325 | BSE Rs.275 | |
| RESEARCH AND ADVISORY | |||
| Fundamental Reports | Available | Not Available | |
| Research Reports | Available | Not Available | |
| Annual Reports | Available | Not Available | |
| Free Stock Tips | Available | Not Available | |
| IPO Reports | Available | Not Available | |
| Daily Market Review | Available | Not Available | |
| Monthly Reports | Available | Not Available | |
| Offline Advisory | Available | Not Available | |
| Relationship Manager | Available | Not Available | |
| SERVICES | |||
| Demat Services | Available | Available | |
| Trading Services | Available | Available | |
| 3-in-1 account | Not Available | Not Available | |
| Intraday Services | Available | Available | |
| IPO Services | Available | Available | |
| Stock Recommendations | Available | Not Available | |
| Robo Advisory | Available | Available | |
| PMS | Available | Not Available | |
| Trading Exposure | Up to 40x | Up to 20x | |
| PRODUCTS | |||
| Equity Trading | Available | Available | |
| Commodity Trading | Available | Not Available | |
| Currency Trading | Available | Available | |
| Options | Available | Available | |
| Futures | Available | Available | |
| Mutual Funds | Available | Not Available | |
| Forex | Not Available | Not Available | |
| Banking | Not Available | Not Available | |
| SIP | Available | Not Available | |
| Insurance | Not Available | Not Available | |
| EXPOSURES AND MARGINS | |||
| Equity | Intraday: Up to 10 times Delivery: Up to 3 times | Up to 20 times Intraday | |
| Equity Futures | Intraday: Up to 4 times | Intraday: Up to 4 times | |
| Equity Options | Intraday Selling: Up to 3 times No Margin for Buying | Intraday: Up to 4 times | |
| Currency Futures | Intraday: Up to 2 times | Intraday: Up to 4 times | |
| Currency Options | Intraday Selling: Up to 2 times No Margin for Buying | Intraday: Up to 4 times | |
| Commodities | Intraday: Up to 3 times | Intraday: Up to 4 times | |
| Margin | Angel Broking Margin | Intraday: Up to 3 times | |
| TRADING PLATFORMS | |||
| Desktop Platform for windows |  |
|
|
| Desktop Platform for Mac | |
|
|
| Desktop Browser Platform | |
|
|
| Mobile Site |  |
|
|
| Android App | |
|
|
| iOS App | |
|
|
| Windows App platform | |
|
|
| Other mobiles OS platform | |
|
|
| Real Time Updates | |
|
|
| Portfolio Details | |
|
|
| Online MF Purchase | |
|
|
| Research Reports | |
|
|
| SMS Alerts | |
|
|
| Email Alerts | |
|
|
| Multi Account Management | |
|
|
SMC’s Stoxkart is a relatively new discount broking arm started only recently by SMC, which is an old firm. While angel broking is into both full-service and discount broking as well, Stoxkart is only a discount broker.
It is better for the investors to conduct a thorough research at their end before choosing the right broker for themselves.
Know More About…
