Compare Angel One and Zerodha, two of India’s top discount brokers, based on brokerage charges, account opening fees, trading platforms, margins, and more. Discover which broker suits your investment style—whether you’re a casual investor or an active trader. Read our detailed comparison to make an informed decision!
About Angel One
Incorporated in 1987, Angel One is one of India’s largest full-service retail brokers offering online discount brokerage services. The company provides a wide range of investment and trading services, including:
- Stock and Commodity Broking
- Investment Advisory Services
- Margin Funding & Loans Against Shares
- Financial Products Distribution
With a strong offline presence, Angel One operates 110 branches, 11,000 trading terminals, and over 18,000 authorized partners in 1800+ cities.
About Zerodha
Founded in 2010, Zerodha is India’s largest and most reputed discount broker, offering flat-fee brokerage services for multiple investment segments, including:
- Equity, Currency & Commodity Trading
- IPO, Futures & Options, Bonds, Govt. Securities
- Direct Mutual Funds with Zero Brokerage
Zerodha follows a transparent pricing model, charging:
✅ ₹0 Brokerage for equity delivery and direct mutual funds
✅ Flat ₹20 or 0.03% (whichever is lower) per trade for intraday and F&O
Angel One Vs Zerodha – Key Differences
| Feature | Angel One | Zerodha |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchanges | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX, NCDEX |
| Year of Incorporation | 1987 | 2010 |
| Number of Branches | 900+ | 22 |
Angel One Vs Zerodha – Charges & AMC
| Charges | Angel One | Zerodha |
|---|---|---|
| Trading Account Opening Charges | ₹0 (Free) | ₹0 (Free) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charges | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹240 | ₹300 |
Angel One Vs Zerodha – Brokerage Comparison
| Account Type | Angel One | Zerodha |
|---|---|---|
| Equity Delivery | ₹20 per executed order | ₹0 (Free) |
| Equity Intraday | ₹20 per executed order | ₹20 or 0.03% (whichever is lower) |
| Equity Futures | ₹20 per executed order | ₹20 or 0.03% (whichever is lower) |
| Equity Options | ₹20 per executed order | ₹20 per executed order |
| Commodity & Currency Trading | ₹20 per executed order | ₹20 or 0.03% (whichever is lower) |
💡 Special Offers:
✅ Angel One – Flat ₹20 for all trades, free tips & research reports
✅ Zerodha – ₹0 Brokerage on Equity Delivery & Mutual Funds
Angel One Vs Zerodha – Leverage (Margin)
| Segment | Angel One | Zerodha |
|---|---|---|
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Equity Intraday | Up to 5x | Up to 5x |
| F&O, Currency & Commodity | 1x | 1x |
Angel One Vs Zerodha – Trading Platforms
| Feature | Angel One | Zerodha |
|---|---|---|
| Trading Platforms | Angel One App, Angel Eye, Angel SpeedPro | Kite Web, Kite Mobile, Coin |
| Automated Trading | ✅ Yes | ✅ Yes |
| SMS Alerts | ✅ Yes | ❌ No |
| Portfolio Tracking | ✅ Yes | ❌ No |
| Referral Program | ✅ Yes | ✅ Yes |
Angel One Vs Zerodha – Pros & Cons
✅ Pros of Angel One
✔️ Flat ₹20 brokerage across segments
✔️ Free research reports & trading tips
✔️ Strong offline presence (900+ branches)
✔️ Margin trading & securities as collateral available
❌ Cons of Angel One
❌ Cross-selling of additional services
❌ No trading in SME shares
✅ Pros of Zerodha
✔️ India’s largest broker with top-rated technology
✔️ Zero brokerage on Equity Delivery & Mutual Funds
✔️ Flat ₹20 for all other trades
✔️ Best-in-class trading platform – Kite
✔️ Supports direct mutual fund investments
❌ Cons of Zerodha
❌ ₹50 per order for Call & Trade
❌ No stock research & advisory
❌ Does not offer a 3-in-1 account
Angel One Vs Zerodha – Which is Better?
| Investor Type | Best Broker |
|---|---|
| Casual Investor | ✅ Zerodha |
| Active Investor | ✅ Both |
| Trader | ✅ Both |
💡 Final Verdict
- Choose Angel One if you need research reports, an extensive offline presence, and personalized support.
- Choose Zerodha if you want zero brokerage on equity delivery, a superior trading platform, and lower costs for active trading.
👉 Which broker do you prefer? Let us know in the comments!