Compare Angel One and Upstox to find the best stock broker in India. Explore their brokerage charges, account opening fees, trading platforms, margins, and key features. Discover the pros and cons of each broker and decide which suits your investment needs. Read our in-depth review and ratings to make an informed choice
About Angel One
Angel One, incorporated in 1987, is one of India’s largest full-service retail brokers offering online discount brokerage services. The company provides a variety of investment and trading services, including stock and commodity broking, investment advisory services, margin funding, loans against shares, and financial product distribution. With a strong offline presence, Angel One has 110 branches, 11,000 trading terminals, and over 18,000 authorized persons across 1,800+ cities.
About Upstox
Upstox, founded in 2012, is a technology-driven discount brokerage firm in India. It offers trading in equities, commodities, currencies, futures, and options through its Upstox Pro Web and Upstox Pro Mobile trading platforms. The company is backed by investors such as Kalaari Capital, Ratan Tata, and GVK Davix. Upstox provides advanced trading features, including analysis, charting, and algorithmic trading support.
Angel One Vs Upstox Comparison: Broker Overview
| Feature | Angel One | Upstox |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 1987 | 2012 |
| Number of Branches | 900 | 4 |
Account Opening & AMC Charges
| Feature | Angel One | Upstox |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 240 | Rs 150 |
Brokerage Charges
| Account Type | Angel One | Upstox |
|---|---|---|
| Equity Delivery | Rs 20 per executed order | Rs 20 per executed order or 2.5% whichever is lower |
| Equity Intraday | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 20 per executed order | Rs 20 per executed order |
Margin (Leverage)
| Feature | Angel One | Upstox |
|---|---|---|
| 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, Curr, Comm) | 100% of NRML margin (Span + Exposure) | 100% of NRML margin (Span + Exposure) |
Trading Platforms
| Feature | Angel One | Upstox |
|---|---|---|
| Trading Platforms | Angel One App, Angel Eye, Angel Speedpro | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android |
| 3-in-1 Account | No | No |
| Charting | Yes | Yes |
| Automated Trading | Yes | Yes |
| SMS Alerts | Yes | No |
| Online Portfolio | Yes | No |
| Margin Trading Funding | Yes | Yes |
| Referral Program | Yes | Yes |
Pros & Cons
Angel One Pros:
- Flat Rs 20 per trade brokerage across all segments
- Free research reports and trading tips
- Strong offline presence with local sub-broker support
- Zero account opening fees
- Free mutual fund investments
Angel One Cons:
- No trading in SME shares
- No GTC/GTT order facility
- High Demat debit transaction charges (Rs 18.5 per ISIN)
- Intraday square-off at 3:15 PM
Upstox Pros:
- Flat Rs 20 per trade brokerage
- Low-cost trading with advanced charting tools
- Supports Good-Till-Triggered (GTT) orders
- Online IPO, FPO, Bonds, and NCDs available
Upstox Cons:
- No mutual fund investments
- No margin funding for delivery trades
- No stock tips or recommendations
- No 3-in-1 account
- No NRI trading support
Final Verdict
Both Angel One and Upstox offer competitive brokerage rates and advanced trading platforms. Angel One is ideal for investors seeking research reports, strong offline support, and mutual fund investments. Upstox, on the other hand, is best suited for tech-savvy traders looking for low-cost, high-tech trading solutions.