iTrade prime plan charges
Angel One, founded in 1987, is one of the largest full-service retail brokers in India, offering online discount brokerage services. They provide a wide range of investing and trading services, such as stock and commodity brokerage, investment advising, margin finance, share loans, and financial product distribution.
In November 2019, Angel One revised its brokerage strategy to compete with reasonable brokers such as Zerodha. The new ‘Angel iTrade PRIME’ plan has a set charge of Rs 20 per trade for all segments, including Intraday, F&O, Currencies, and Commodities. Notably, Equity Delivery trades are free for all users. This uniform pricing applies to all exchanges and segments.
Open an account with Angel One– Click here
Features
- The most cost-effective plan among full-service brokers.
- There are no hidden charges.
- There is a flat fee of Rs 20 per order for intraday, F&O, currency, and commodities trading.
- Access to a comprehensive suite of brokerage services, including fundamental research and advising, at no additional cost.
Direct Charges
|
‐ Account Opening Fee (includes GST) |
Rs. 699 |
|
‐ AMC Charges @ 450/yr |
‐ Free for 1st Year |
Brokerage Charges
|
Brokerage for Order Value <= ₹50,000 |
Rs. 15 |
|
Brokerage for Order Value > ₹50,000 |
Rs. 30 |
|
Call and Trade Trade |
Rs. 10 |
|
Online Fund Transfers (Net Banking/UPI) |
Rs. 0 |
|
ARQ Recommendations |
Rs. 0 |
|
Franking, KRA, eSignature Charges |
Rs. 0 |
|
Pledge Charges |
Rs. 25 |
|
Physical Contract Notes |
Rs. 50 |
|
Demat or Remat |
Rs. 50 per certificate |
|
Transaction Charges For Sell (Debit) & Inter- Settlement Debit Per Transaction |
Rs. 20 |
|
Cheque Bounce Charges |
Rs. 350 |
|
Late Payment Charges Interest |
1.5% per month |
Asset Charges
|
Equity Delivery |
Free |
|
Equity Intraday |
Flat Rs 20 per order |
|
Equity Future |
Flat Rs 20 per order |
|
Equity Options |
Flat Rs 20 per order |
|
Currency Future |
Flat Rs 20 per order |
|
Currency Options |
Flat Rs 20 per order |
|
Commodity |
Flat Rs 20 per order |
Note-
- In options trading, the overall order value is determined by multiplying the sum of the strike price and the premium by the lot size
Open an account with Upstox– Click here
Regulatory Charges
- For Equity
|
Stock Investments |
Intraday Trading |
Futures |
Options |
|
|
STT (Securities Transaction Tax) |
0.1% Buy /Sell |
0.025% Sell |
NSE: 0.0125% BSE: 0.0125% Sell |
NSE: 0.0625% BSE: 0.0625% Sell |
|
Demat Transaction / DP Charges |
₹20 + GST / Company Sell |
₹0 |
₹0 |
₹0 |
|
SEBI Charges |
₹ 10/ crore |
₹ 10/ crore |
₹ 10/ crore |
₹ 10/ crore |
|
Transaction Charges |
NSE: 0.00322% BSE: As Per The Stock Group Buy/Sell |
NSE: 0.00322% BSE: As Per The Stock Group Buy/Sell |
NSE: 0.00188% BSE: 0 Buy/Sell |
BUY SELL NSE: 0.0495% BSE: 0.0495% Buy/Sell |
|
Stamp Duty Charges |
0.015% Buy |
0.003% Buy |
NSE: 0.002% BSE: 0.002% Buy |
NSE: 0.003% BSE: 0.003% Buy |
|
GST |
18% |
18% |
18% |
18% |
Conclusion
Angel One’s ‘Angel iTrade PRIME’ plan is the most cost-effective and transparent alternative among full-service brokers. Traders can save significantly by paying a fixed cost of Rs 20 per order for intraday, F&O, currency, and commodity trading, as well as free Equity Delivery trades.
Furthermore, there are no hidden fees, and users have free access to a full range of brokerage services, including fundamental research and consulting. The plan’s direct charges, brokerage fees, and regulatory costs are all reasonably priced, making it an excellent alternative for both new and experienced investors looking for reasonable and reliable brokerage services.
