After Part 1 of Angel One Vs Zerodha comparison, here is the Part 2 – to help you know which one is better Zerodha or Angel Broking. Zerodha is a leading stock market broker in India, known for its low brokerage fees for trading and services. Zerodha facilitates trading and investment services on major stock exchanges such as NSE, BSE, MCX, and NCDEX.
On the other hand, Angel Broking is the third largest stock market broker in India, providing inexpensive trading commissions. Angel Broking was previously a full-service broker, but now functions as a discount broker, providing trading and investment services on major stock exchanges like NSE, BSE, MCX, and NCDEX. Here is part 2 of our Zerodha and Angel One comparison, based on various other parameters.
Table of Content
Order Types
Stock Tips
Margin Charges
Mobile Trading App
Option Chain Availability
Customer Service
Features
Conclusion – Which is Better Zerodha or Angel One?
Comparison of Zerodha and Angel Broking: Order Types
There is no Bracket Order, Sell Today Buy Tomorrow (STBT), After Market Order (AMO) and Good Till Cancelled (GTC) from either Angel One or Zerodha. However, in the comparison between zerodha and angel broking we found that both offer Cover Order and Buy Today Sell Tomorrow (BTST).
Comparison between Angel Broking and Zerodha: Stock Tips
During Angel One Vs Zerodha Comparison, we found that Angel One offers stock tips, recommendations and research reports whereas Zerodha does not provide the same. Despite being a relatively new brand in India, Angel Broking has experienced rapid growth. Recently, it has transitioned from being a full-service broker to a discount broker while continuing to offer research services.
Zerodha versus Angel Broking: Margin Charges
Next comes the zerodha and angel broking charges comparison. The margin provided by Angel One for intraday trading is up to 20% of the trade value, which translates to 5 times leverage, depending on the stock. Similarly, Zerodha also offers up to 20% margin for intraday cash trading, based on the stock, which results in 5 times leverage.
During comparison of demat account charges for margin, the following observations can be made:
- For equity delivery trades, both Angel One and Zerodha offer 100% of the trade value as margin, which translates to 1x Leverage.
- For equity intraday trading, both brokers provide up to 20% of the trade value as margin, which translates to 5x leverage.
- For F&O trades (Equity, Currency, and Commodities), both Angel One and Zerodha offer 100% of the NRML margin (which is the combination of Span and Exposure margin) as margin, which translates to 1x leverage.
Therefore, in terms of margin offerings, zerodha vs angel one charges are similar, with no major differences in the leverage provided for different types of trades.
Angel Broking and Zerodha Comparison: Mobile Trading App
During Angel One Vs Zerodha Comparison, we saw that a Mobile Trading App is being offered by Angel One and Zerodha – Angel One Mobile App and Zerodha Kite respectively. Both offers iOS and Android App for mobile phone users. There is demo version of mobile apps of both available.
Angel One has a user-friendly mobile app with most of the functions and indicators, though it may not be preferred by all clients. Zerodha offers a feature-rich mobile app that is highly regarded in India and provides all the necessary features and indicators for trading.
Angel Broking Vs Zerodha Comparison: Option Chain Availability
Zerodha vs Angel One which is Best in Option Chain Availability? Zerodha and Angel One are similar in terms of their pricing for equity and currency options. Both brokers charge Rs.20 per order for both equity and currency options. An investor can buy or sell stocks at a set strike price through a contract in equity options, while currency options provide the right to buy or sell a particular currency at a fixed exchange rate on or before a specific date. Therefore, in terms of pricing for equity and currency options, there is no significant difference between Zerodha and Angel One.
At the moment, Zerodha offers Equity Options Trading and Currency Trading, while Angel Broking also offer these services. But, if an investor is interested in trading equity options and currency, Zerodha would be a better choice for them. However, if these features are not required, then the choice between the two brokers will depend on other factors such as pricing, customer support, research, and other services offered.
Zerodha and Angel Broking Comparison: Customer Service
Both Angel One and Zerodha offer various customer service options to their clients. Here is an Angel One Vs Zerodha Comparison based on their customer service features:
- 24/7 Customer Service: Both Angel One and Zerodha do not offer 24/7 customer service, but they have support available during trading hours.
- Email Support: Both brokers offer email support. Angel One’s customer support email is support@angelbroking.com, and Zerodha’s customer support email is support@zerodha.com.
- Online Live Chat: Both brokers offer online live chat support during trading hours.
- Phone Support: Both Angel One and Zerodha offer phone support. Angel One’s customer care number is 022-33551111/022-42185454, while Zerodha’s customer care number is “+ 91 80 4040 2020.”
- Toll-Free Number: Angel One does not have a toll-free number, while Zerodha does not mention it on their website.
- Through Branches: Both Angel One and Zerodha have physical branches in various cities, where customers can get in-person support.
- Account Opening Process: Both Angel One and Zerodha offer online account opening processes, making it easy for customers to open an account from the comfort of their homes.
- Knowledge Center/Education: Both Angel One and Zerodha have knowledge centers or education portals. Angel One’s knowledge center can be found at https://www.angelone.in/knowledge-center, while Zerodha’s education portal is https://zerodha.com/varsity/.
Both brokers have similar customer service features, with the exception of a toll-free number for Zerodha and a physical branch network for Angel One. Both brokers offer online account opening processes and have education portals for their customers.
Zerodha vs Angelone: Features
When it comes to account types, Zerodha offers a 3-in-1 account, while Angel One only provides a 2-in-1 account that combines trading and demat accounts.
Both platforms offer Algo Trading or Automated/Robotic/Program Trading for equity.
Angel One provides margin funding, whereas Zerodha does not. On the other hand, Zerodha offers NRI trading, while Angel One does not have this feature.
Conclusion – Which is Better Zerodha or Angel One?
Angel One and Zerodha are undoubtedly two of the most popular discount brokerage firms in India at the moment. So, which one is better angel broking or zerodha? The better choice for you depends on your specific trading needs and preferences. Overall, we feel that Angelone outperforms zerodha in quite a few aspects. Zerodha’s trading interface and brokerage fees are highly impressive, making it the superior option. But for stock tips and long term investing angel one is better.
When it comes to which is better angel one or zerodha, we highly recommend Angel one, as it provides unique features such as basket orders, an easy-to-use trading interface, and Stock tips with zero account opening fee.
Also Read
Part 1: Angel One Vs Zerodha – Best Demat Account in India 2023?
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