Zerodha vs Angel One Comparison Which is the Best Broker in 2023

Zerodha vs Angel One Comparison Which is Best Broker 2022

Investing in the stock market now becomes so easy. People can easily get access to the market through the online best discount brokers. The online brokers give discounts on the brokerage and the trading process provided by them is very easy. Any one one can easily invest through these brokers. In India, in 2022 there are many online brokers who are providing the facility of trading. One is Zerodha and another is Angel One. These two brokers are the top two broker in India.

You may be finding which is the best broker comparing between these two. So in this article I will analyze and compare among these two brokers.

Zerodha

Zerodha is India’s no 1 broker. It provides the trading platform with flat brokerage fees. Zerodha is a discount broker. It is the leading broking service right now. As of 2022 Zerodha has over 6 million active clients.

Zerodha charges zero brokerage for equity delivery and for intraday and F&O, it charges flat 20 RS. or 0.03% per order. Which is lower. Using Zerodha the maximum charges for brokerage you pay for any transaction is flat 20 RS. for an order, of any size, amount or any segment.

You can open a Demat account in Zerodha.

Zerodha Services

• Discount Broker
• Equity Delivery
• Mutual Funds
• Commodity
• Currency Exchange
• IPO

Zerodha Charges

EQUITY Charges

ZERODHA CHARGES	EQUITY DELIVERY	EQUITY INTRADAY	EQUITY FUTURES	EQUITY OPTIONS
Brokerage	ZERO brokerage	0.03% or Rs. 20/executed order whichever is lower	0.03% or Rs. 20/executed order whichever is lower	Flat Rs. 20 per executed order ( SELL & BUY )
STT/CTT	0.1% on buy & sell	0.025% on the sell side	0.01% on sell side	0.05% on sell side (on premium)
Transaction Charges	NSE: 0.00345% BSE: 0.00345%	NSE: 0.00345% BSE: 0.00345%	NSE: 0.002%	NSE: 0.053% (on premium)
GST	18% on (brokerage + SEBI charges + transaction charges)	18% on (brokerage + SEBI charges + transaction charges)	18% on (brokerage + SEBI charges + transaction charges)	18% on (brokerage + SEBI charges + transaction charges)
SEBI Charges	₹10 / crore + GST	₹10 / crore + GST	₹10 / crore + GST	₹10 / crore + GST
Stamp Charges	0.015% or ₹1500 / crore on buy side	0.003% or ₹300 / crore on buy side	0.002% or ₹200 / crore on buy side	0.003% or ₹300 / crore on buy side

Currency Charges

Zerodha charges	Currency futures	Currency options
Brokerage	0.03% or Rs. 20/executed order whichever is lower	0.03% or Rs. 20/executed order whichever is lower
STT/CTT	No STT	No STT
Transaction charges	NSE: Exchange txn charge: 0.0009% BSE: Exchange txn charge: 0.00022%	NSE: Exchange txn charge: 0.035% BSE: Exchange txn charge: 0.001%
GST	18% on (brokerage + transaction charges)	18% on (brokerage + transaction charges)
SEBI charges	₹10 / crore + GST	₹10 / crore + GST
Stamp charges	0.0001% or ₹10 / crore on buy side	0.0001% or ₹10 / crore on buy side

Commodity Charges

Zerodha charges	Commodity futures	Commodity options
Brokerage	0.03% or Rs. 20/executed order whichever is lower	0.03% or Rs. 20/executed order whichever is lower
STT/CTT	0.01% on sell side (Non-Agri)	0.05% on sell side
Transaction charges	Group A Exchange txn charge: 0.0026% Group B: Exchange txn charge: CASTORSEED – 0.0005% KAPAS – 0.0026% PEPPER – 0.00005% RBDPMOLEIN – 0.001%	Exchange transaction charge: 0.05%
GST	18% on (brokerage + transaction charges)	18% on (brokerage + transaction charges)
SEBI charges	Agri: ₹1 / crore + GST Non-agri: ₹10 / crore + GST	₹10 / crore + GST
Stamp charges	0.002% or ₹200 / crore on buy side	0.003% or ₹300 / crore on buy side

Source: zerodha.com

ANGEL ONE

Angel one is India’s no 1 broker. Previously known as Angel Broking. It provides the trading platform with flat brokerage fees. Angel one is a discount broker and full-time retail broker. It is the leading broking service right now. As of 2022 Angel one has over 10 million active clients.

Angel one (Angel Broking) charges zero brokerage for equity delivery and for intraday and F&O, it charges flat 20 RS. or 0.03% per order. Which is lower. Using Angel one of the maximum charges for brokerage you pay for any transaction is a flat 20 RS. for an order, of any size, amount or any segment. It has offline branches across the country. Almost 120 branches and 11,000 sub brokers spread.

Angel one has a strong online service facilities to the customers. It has a good customer service and advanced software technology. Angel one is the first largest full time broker that gives discount on brokerage.

Angel One Charges

EQUITY Charges

Angel One charges	Equity Delivery	Equity Intraday	Equity Futures	Equity Options
Brokerage	Zero brokerage	₹ 20 / executed order or 0.25% (whichever is lower)	₹ 20 / executed order or 0.25% (whichever is lower)	₹ 20 / executed order or 0.25% (whichever is lower)
STT	0.1% on both buy & sell.	0.025% only on sell.	0.01% only on sell.	0.05% only on sell (On Premium)
Transaction Charges	NSE: 0.00335% on Turnover Value (Buy & Sell) # NSE: 0.00275% on Turnover Value (Buy & Sell) BSE: charges vary as per the scrip group*	NSE: 0.00335% on Turnover Value (Buy & Sell) # NSE: 0.00275% on Turnover Value (Buy & Sell) BSE: charges vary as per the scrip group*	NSE: 0.00195% on total turnover value	NSE: 0.053% on premium value
Demat transaction / DP charges	₹ 20 / scrip only on sell.	No charges	No charges	No charges
GST	18% (On Brokerage, DP, Transaction, SEBI charges)	18% (On Brokerage, Transaction, SEBI charges)	18% (On Brokerage, Transaction, SEBI charges)	18% (On Brokerage, Transaction, SEBI charges)
SEBI Charges	₹ 10 / crore	₹ 10 / crore	₹ 10 / crore	₹ 10 / crore
Stamp duty charges	0.015% Of Turnover Value (Buyer)	0.003% Of Turnover Value (Buyer)	0.002% Of Turnover Value (Buyer)	0.003% On Premium value (Buyer)

Currency Charges

Angel One charges	Currency Futures	Currency Options
Brokerage	₹ 20 per executed order or 0.25% (whichever is lower)	₹ 20 per executed order or 0.25% (whichever is lower)
STT	No STT	No STT
Transaction Charges	NSE: 0.0009% On Futures Turnover value BSE: 0.00022% On Futures Turnover value	NSE: 0.035 % and BSE: 0.001% on Options Premium value
GST	18% (On Brokerage, Transaction, SEBI charges)	18% (On Brokerage, Transaction, SEBI charges)
SEBI Charges	₹ 10 / crore	₹ 10 / crore
Stamp duty charges	0.0001% on Total turnover value (Buyer)	0.003% On Premium value (Buyer)

Commodity Charges

Angel One charges	Commodity Futures	Commodity Options
Brokerage	₹ 20 per executed order or 0.25% (whichever is lower)	₹ 20 per executed order or 0.25% (whichever is lower)
CTT	0.01% only on sell side Non-Agri	0.05% only on sell side
Transaction Charges	Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special charges for following scrips: 0.0005% on Turnover for CASTORSEED 0.0005% on Turnover for KAPAS 0.00005% on Turnover for PEPPER 0.001% on Turnover for RBDPMOLEIN	0.05% on Premium Value
Risk Management fee	Agri: 0.005% Of On Fresh Overnight Open Interest Position	NA
GST	18% (On Brokerage, Transaction charges, Risk management fee, SEBI Charges)	18% (On Brokerage, SEBI charges)
SEBI Charges	₹ 10 / crore	₹ 10 / crore
Stamp duty charges	0.002% On Turnover Value (Buyer)	0.003% On Turnover Value (Buyer)

Other Charges

Nature Of Charges	Rate
Account Maintenance Charges	Non-BSDA Clients ₹ 20 + Tax / month For BSDA (Basic Services Demat Account) Clients: – Holding Value Less Than 50,000 : NIL – Holding Value Between 50,000 To 2,00,000 : ₹ 100 + Tax / Year
Call & Trade	₹ 20 / Order
Square off charges	₹ 20 / Order
Franking, KRA, CKYC, ESignature Charges	Free
Email Statements / Contract Notes	Free
DP Charges	₹ 20 Per Debit Transaction ₹ 50 Per Debit Transaction For BSDA Clients
Pledge Creation / Closure	₹ 20 Per ISIN ₹ 50 Per ISIN For BSDA Clients
Demat	₹ 50 Per Certificate
Remat	₹ 50 Per Certificate + Actual CDSL Charges
Physical Statements / DIS Request / Physical Contract Notes	₹ 50
Cheque Bounce Charges	₹ 350
Delay Payment Charges On Outstanding Bill Amount If Not Paid Within Due Date	1.5 % Per Month (Levied Every 15 Days)

Zerodha vs Angel One Comparison

We have listed all the charges that both brokers charged from the clients. Now, let’s compare these two that how they facilitate and their services.

	ZERODHA	ANGEL ONE
Demat Account Opening charges	RS. 200	FREE (0)
Demat account AMC Charges	₹300/year + GST charged quarterly (90 days)	RS. 240
Broker Type	Discount Broker	Full Time Retail Discount Broker
Exchange	NSE, BSE, MCX and NCDEX	BSE, NSE, MCX and NCDEX
Head Office	Bangalore	Mumbai
Future Options	YES	YES
Stock Tips	NO	YES
Founder	Nithin Kamath, Nikhil Kamath	Vinay Agrawal
Year of Foundation	2010	1987
Trading AMC Charges	FREE	FREE
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin	Angel One App (Mobile), Angel Eye (Website), Angel Speed pro (Trading Terminal)
Referral Program	Available	Available
F&O Margin	1x leverage	1x leverage
Total Branches	22	900
Offline availability	No	Yes
Mutual Funds	Yes	YES
IPO Services	Available	Available
Trading Exposure	Up to 5x	Up to 5x
Market Tips	NO	YES
SIP	YES	YES
SMS Alerts	NO	YES
Options Trading	YES	YES
Depository Service Provider	CDSL	CDSL
Hidden Charges	Info not available	Info not available
Web Platform	Available	Available
Mobile App Platform	Available	Available
Intraday Square-off Time	Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close	3:15 PM
Other Features	Direct Mutual Funds, Anglo Trading	Daily, weekly and monthly equity reports. F&Q, Commodities and Currencies

Zerodha vs Angel One Charges Comparison

Charges	ZERODHA	ANGEL ONE
Demat Account Opening charges	RS. 200	FREE
AMC (Account maintenance charges)	₹300/year + GST charged quarterly (90 days)	RS. 240
Equity Delivery	FREE	FREE
Equity Intraday	₹ 20 / Executed Order Or 0.25% (Whichever Is Lower)	₹ 20 / Executed Order Or 0.25% (Whichever Is Lower)
Equity Futures & Options	₹ 20 / Executed Order Or 0.25% (Whichever Is Lower)	₹ 20 / Executed Order Or 0.25% (Whichever Is Lower)
Currency Futures & Options	₹ 20 / Executed Order Or 0.25% (Whichever Is Lower)	₹ 20 / Executed Order Or 0.25% (Whichever Is Lower)
Commodity Futures & Options	₹ 20 / Executed Order Or 0.25% (Whichever Is Lower)	₹ 20 / Executed Order Or 0.25% (Whichever Is Lower)
DP (Depository participant) charges	₹13.5 + GST per scrip (irrespective of quantity), on the day, is debited from the trading account when stocks are sold. This is charged by the depository (CDSL) and depository participant (Zerodha)	20 Per Debit Transaction. 50 Per Debit Transaction
AMC charges For First Year	300	FREE
Interest on Margin Trade Funding For 30 days	NOT FREE	FREE
Pledging charges	₹30 + GST per pledge request.	₹ 20 Per ISIN ₹ 50 Per ISIN For BSDA Clients
Direct Mutual Funds	FREE	NILL
Call & Trade Charges	Additional charges of ₹50 per order for orders placed through our support/dealing desk	Rs 50 per executed order
Demat Account AMC	RS. 450	RS. 300
Hidden Charges	Info not available	Info not available
Failed Instruction Charges	₹50 per instruction	NILL
Other Charges	Cheque Bounce- ₹350 Physical Statement – ₹50 (Courier charges) Modification in CML – ₹50 per request	₹25 per request for additional DIS

I have compared all the charges between Zerodha and Angel One. Also they provide different investing options.

Zerodha vs Angel One Investment Options

Now look at investing options that provided by Zerodha and Angel one.

Zerodha vs Angel One Leverage Margins

	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 (Eq, Currency, Commodity)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)

My Feedback and Customer Ratings

	ZERODHA	ANGEL ONE
Account opening	*****	*****
Trading Brokerage Rating	*****	****
Trading Platform	*****	*****
Customer Care Support	*****	*****
User Friendly	*****	*****
Transparency	*****	*****
Over All Rating	*****	*****

Final Words

I have covered all the comparisons between Zerodha and Angel One. After knowing all the facilities and services both Zerodha and Angel One are good. In some sectors and brokerage charging Zerodha may be ahead of Angel One. But overall both are good and they are the leading discount brokers in India.

FAQs