Established in 2009, Upstox is among the original discount brokers in India and while Angel One joined the party later, it has evolved as a major power to reckon with. Being discount brokers, none offer their users, any stock recommendations, research, or tips. Nevertheless, both stock brokers offer robust trading platforms that help lakhs of investors trade in various segments.
The brokerage of Angel One is INR 20 per order or 0.03% whichever is lower while Upstox charges INR 20 or 2.5% whichever is lower per order. The number of active clients for Angel One is 63,02,598 as of April 2024, whereas the number of active clients for Upstox stood at 25,55,618. Upstox vs Angel One is compared in this article in greater depth.
Company Background
Upstox was founded in 2009 in Mumbai by Raghu Kumar, Ravi Kumar, and Shrinivas Viswanath. Like Zerodha, it also offers trading in BSE, NSE, and MCX exchanges.
Angel One Established in 1996, Angel One by Hemen Bhatia is an Indian stockbroker firm. The company is affiliated with the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited, and Multi Commodity Exchange of India Limited.
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- Upstox Vs Angel One Account Opening Charges and AMC
Upstox Vs Angel One Charge
| Account Opening and Demat Charges | Angel One | Upstox |
| Equity Trading account opening charges | Zero | Zero |
| Commodity Account Opening Charges | Zero | Zero |
| Trading Account AMC Charges | Zero | Zero |
| Demat Account Opening Charges | Zero | Zero |
| Demat Account AMC Charges | INR 100 + GST (Between 50,000 – 2,00,000) | INR 75 + GST (Quarterly) or INR 150 + GST (Annual) |
- Upstox Vs Angel One Brokerage Charges
| Particulars | Angel One | Upstox |
| Equity Delivery | Zero | INR 20 per order or 2.5%, whichever is lower |
| Equity Intraday | INR 0 brokerage up to INR 500 for first 30 days* Then, lower of INR 20 or 0.03% per executed order | INR 20 per order or 0.05%, whichever is lower |
| Equity Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order or 0.05%, whichever is lower |
| Equity Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per executed order |
| Currency Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order or 0.05%, whichever is lower |
| Currency Options | INR 0 brokerage upto INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per executed order |
| Commodity Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order or 0.05%, whichever is lower |
| Commodity Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per executed order |
| Call & Trade Charge | INR 20 per executed order | INR 50 per executed order |
| Minimum Brokerage | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | 0.05% |
| P&L/CMR Charges | – | INR 20 per page |
Also Read: Zerodha Vs Upstox: Find the best broker in India
- Upstox Vs Angel One Transaction Charges
| Particulars | Angel One | Upstox |
| Equity Delivery | NSE: 0.00322% (Both Buy and Sell) | NSE: 0.00322% (Both Buy & Sell) |
| Equity Intraday | NSE: 0.00322% (Both Buy and Sell) | NSE: 0.00322% (Both Buy & Sell) |
| Equity Futures | NSE: 0.00188% | BSE: Zero (Both Buy and Sell) | NSE: 0.00188% l BSE: Nil |
| Equity Options | NSE: 0.0495% | BSE: 0.0495% (Both Buy and Sell) | NSE: 0.0495% | BSE: 0.0495% (on premium) |
| Currency Futures | NSE: 0.0009%| BSE: 0.00022% | NSE: 0.0009%| BSE: 0.00022% |
| Currency Options | NSE: 0.035%| BSE: 0.001% | NSE: 0.035%| BSE: 0.001% |
| Commodity Futures | Non-Agri: 0.0013% | Agri: 0.006% | MCX: 0.0026 |
| Commodity Options | 0.05% on premium value | 0.05% |
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- Upstox Vs Angel One Other Statutory Charges
| Particulars | Angel One | Upstox |
| STT/CTT Equity Delivery | 0.1% (Both Buy and Sell) | 0.1% (Both Buy and Sell) |
| STT/CTT Equity Intraday | 0.025% on the Sell Side | 0.025% on the Sell Side |
| STT/CTT Equity Futures | 0.0125% on Sell Side | 0.0125% on Sell-side |
| STT/CTT Equity Options | 0.0625% on Sell Side (on Premium) | 0.0625% on the Sell side (on premium) |
| STT/CTT Currency Futures & Options | N/A | No STT |
| STT/CTT Commodity Futures | Non-Agri: 0.01% on the Sell side | MCX: 0.01% on the Sell side |
| STT/CTT Commodity Options | 0.05% on Sell side | 0.05% on Sell side |
| SEBI Turnover Charges | INR 10/crore | INR 10/crore |
| GST | 18% | 18% |
| Stamp Equity Delivery | 0.015% or INR 1500/crore on buy-side | 0.015% or INR 1,500/crore on buy-side |
| Stamp Equity Intraday | 0.003% or INR 300/crore on buy-side | 0.003% or INR 300/crore on buy-side |
| Stamp Equity Futures | 0.002% or INR 200/crore on buy-side | 0.002% or INR 200/crore on buy-side |
| Stamp Equity Options | 0.003% or INR 300/crore on buy-side | 0.003% or INR 300/crore on buy-side |
| Stamp Currency Futures | 0.0001% or INR 10/crore on buy-side | 0.0001% or INR 10/crore on buy-side |
| Stamp Currency Options | 0.003% on premium value | 0.0001% or INR 10/crore on buy-side |
| Stamp Commodity Futures | 0.002% or INR 200/crore on buy-side | 0.002% or INR 200/crore on buy-side |
| Stamp Commodity Options | 0.003% on premium value | 0.003% or INR 300/crore on buy-side |
| DP (Depository participant) Charges | INR 20 + GST per Debit Transaction INR 50 + GST per Debit Transaction for BSDA Clients | INR 18.5 per scrip per day only on sell |
| Pledging Charges | INR 20 per ISIN | INR 50 per ISIN for BSDA Clients | INR 20 + GST per scrip |
| Auto Square off Charges | INR 20 per executed order | INR 50 per executed order |
| API Subscription Charges | Zero | Zero |
Also read: Top Stock Brokers In India
- Upstox Vs Angel One Features Comparison
| Feature | Angel One | Upstox |
| 3 in 1 Account | No | No |
| Algo Trading | Yes | Yes |
| Charting | Yes | Yes |
| Trading Platform | Angel One App(Mobile), Angel Eye(Website), Angel Speedpro(Trading Terminal) | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS, and Algo Lab |
| SMS Alerts | Yes | No |
| Online Demo | Yes | Yes |
| Online Portfolio | Yes | No |
| Margin Trading Funding Available | Yes | Yes |
| Margin Against Shares (Equity Cash) | Yes | No |
| Margin Against Shares (Equity F&O) | Yes | Yes |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| Referral Program | Yes | Yes |
Also Read: Click here for Angel One Brokerage Calculator
Upstox Vs Angel One – Active Clients and Market Share
| Particulars | Angel One | Upstox |
| Number of Active Clients | 63,02,598 | 25,55,618 |
| Market Share | 15.07% | 6.11% |
| Complaints | 1203 | 299 |
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Upstox Vs Angel One – Pros and Cons, best stock broker in India
| Angel One | Upstox | |
| Pros | 1. Full-service brokerage services are available at ultra-low brokerage fees. 2. Flat fee stockbroker charging INR 20 per order across segments and exchanges. Brokerage-free equity delivery trades. 3. Training and hand-holding are available for beginners. 4. Margin trading facility and securities as collateral are available. 5. Do not charge for NEFT/fund transfers. (Others charge INR 10 per). 6. Only charge INR 20 for intraday square-off and call & trade (others charge INR 50). 7. Free advisory/tips for stocks and mutual funds (Others do not). 8. Local sub-broker/RM services even at a discount brokerage. 9. Facility to call RM if there are issues (Other popular brokers always have busy lines) | 1. Zero account opening fee 2. Maximum INR 20 per trade brokerage for all segments including equity delivery 3. Offers direct mutual funds 4. Zero brokerage for Mutual Fund investment 5. One app for trading in equity, currency, and commodity 6. Margin Trading Facility (MTF) is available at an interest rate of INR 20/day for slabs of INR 40,000. 7. Margin Against Share is available 8. Online IPO, FPO, Bonds, and NCD’s are available 9. Good-till-triggered (GTT) orders are available |
| Cons | 1. Margin funding is given to the customers without notice. This causes major confusion and customers pay hefty interest charges. 2. Angel One doesn’t offer trading in SME shares. 3. Angel RM and the sales team try to cross-sell other products and services. 4. GTC/GTT order facility not available. 5. Doesn’t offer 3-in-1 account. 6. Angel One has limited research and educational resources compared to other brokers. 7. Some users faced disruptions due to past technology issues. 8. Users have had trouble reaching Angel One’s customer service representatives despite their 24/7 support. | 1. Doesn’t offer a 3-in-1 account 2. The Call-and-trade fee is INR 20 per executed order extra 3. Doesn’t offer stock tips or recommendations 4. Automatic settlement charges an additional INR 50 per executed order 5. Doesn’t offer margin funding for delivery trades 6. Doesn’t offer API access for automated trading 7. Doesn’t offer 24/7 customer support 8. Doesn’t offer unlimited trading plans 9. Doesn’t offer NRI Trading and Demat account |
Conclusion
The stock broking industry is booming and evolving with new market trends and investing platforms. Investors need to look for the right platform and the most efficient one. Our articles help summarize the pros and cons of the stock broking industry. Therefore, choose the platform that aligns with your goals and mindset.
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