Are you stuck and don’t know which is best for small traders among Groww or Angel One for open demat account and investment ? But don’t worry, I’m here to help you!
Because many people are investing their hard-earned money without knowing the charges. I will tell you everything about Groww and angel in this article so let’s go!
Account Opening and AMC Charges
Both Groww or Angel One give you free account opening and also both the brokers are registered with SEBI. But for AMC (Annual Maintenance Charges), Groww charges zero, while Angel One gives the first year free and After that charges ₹240+GST per year.
Stock Recommendations
If you’re new to investing and don’t know which stock to buy or sell, Groww is India’s No. 1 Stock broker and has 10 million+ investors and the mobile app offers a one-click order placement feature to buy and sell shares of your choice and is easy-to-use platform gives easy access to basic trading and investment options and on the other hand Angel One’s app also gives you free stock advice and great for beginners who want some help picking stocks and for those person also who want a more advanced platform with greater research resources and tools.
Brokerage Charges
Both the brokers are Discount Brokers. The Angel One charges a small brokerage of 0.1% or ₹20 per order max and Groww charges a small brokerage of 0.5% or ₹20 per order max. Both charge a small amount of ₹20 per executed order but Angel One has more ratings than Groww. So, if you want to buy stocks for small investments, Angel One is a slightly better option. But wait, there’s more!
Conclusion
So both are great for small-term and long-term investors. But Groww is a better choice for small traders who want to keep things simple, while Angel One for those looking for advanced tools. Remember, making the right choice is the first step to successful investing. Choose wisely and start your journey today.
Disclaimer: This article is for educational purposes only. Always consult a financial advisor before investing.
Groww or Angel One