Upstox Vs Angel One 2024 - Brokerage Charges, Demat Account Opening Fee, etc

Upstox vs Angel One Comparison

Account Opening Fees

Upstox Angel One
₹0 (free) ₹0 (free)

Annual Maintenance Charges (AMC)

Upstox Angel One
0 (Free) ₹240 (annual)

Brokerage for Equity Delivery

Upstox Angel One
₹20 per executed order ₹0 (free)

Brokerage for Equity Intraday

Upstox Angel One
0.05% or ₹20/executed order whichever is lower ₹20 per executed order

Brokerage for Option Trading

Upstox Angel One
₹20 per order ₹20 per order

Brokerage for Futures Trading

Upstox Angel One
₹20 per order ₹20 per order

Trading Platforms

Upstox Angel One
Upstox Pro (web, mobile) Angel Broking App, SpeedPro

Customer Support

Upstox Angel One
Phone, email, chat (business hours) Phone, email, chat (24x7)

Investment Options

Upstox Angel One
Equity, commodities, derivatives, mutual funds Equity, commodities, derivatives, mutual funds

Research & Advisory Services

Upstox Angel One
Basic research, news, charts Advanced research, advisory, reports

User Interface & Experience

Upstox Angel One
Modern, intuitive User-friendly, feature-rich

Additional Features

Upstox Angel One
High-speed trading, comprehensive tools Robust research, SmartAPI for Algo trading
Upstox vs Angel One - Overall Summary

Upstox vs Angel One - Overall Summary

Category Upstox Angel One
Account Opening Fees ★★★★★ ★★★★★
Annual Maintenance Charges (AMC) ★★★★★ ★★★★☆
Brokerage for Equity Delivery ★★★★☆ ★★★★★
Brokerage for Equity Intraday ★★★★★ ★★★★☆
Brokerage for Option Trading ★★★★★ ★★★★★
Brokerage for Futures Trading ★★★★★ ★★★★★
Trading Platforms ★★★★☆ ★★★★☆
Customer Support ★★★☆☆ ★★★★☆
Investment Options ★★★★★ ★★★★★
Research & Advisory Services ★★★☆☆ ★★★★☆
User Interface & Experience ★★★★☆ ★★★★☆
Additional Features ★★★★☆ ★★★★★

*Above star rating is just for reference while comparing above brokers with each other. Above rating can be wrong as well and we do not take any liability for same. 

Brief Details on Upstox Vs Angel One-

When evaluating brokerage firms, investors often weigh factors such as fees, customer support, trading platforms, and additional features. This comparison between Upstox and Angel One aims to provide a detailed analysis of these aspects to help investors make an informed decision.

Account Opening Fees- Both Upstox and Angel One offer free account opening, which is a significant advantage for new investors. By eliminating this initial cost, both brokers make it easier for investors to start trading without worrying about upfront fees. This no-cost approach to account opening can be particularly appealing to those who are looking to enter the market with minimal financial commitment.


Annual Maintenance Charges (AMC)- When it comes to annual maintenance charges, Upstox offers a notable benefit by providing AMC for free. In contrast, Angel One charges ₹240 annually. This difference can be quite significant for investors who prefer to keep their costs as low as possible. Upstox’s zero AMC could be a deciding factor for those looking to save on recurring fees over the long term.


Brokerage for Equity Delivery- For equity delivery trades, Angel One provides a distinct advantage by not charging any brokerage fees. This could be highly beneficial for investors who frequently trade equities, as it helps in reducing the overall cost of transactions. Upstox, on the other hand, charges ₹20 per executed order, which, although relatively low, could add up for frequent traders. This makes Angel One a more cost-effective option for those focusing on equity delivery.


Brokerage for Equity Intraday- Upstox offers a flexible brokerage structure for equity intraday trades, where the fee is either 0.05% of the trade value or ₹20 per executed order, whichever is lower. This flexibility can be advantageous for investors dealing in larger volumes, potentially reducing their brokerage costs. In comparison, Angel One charges a flat fee of ₹20 per executed order, which might be higher for substantial trades. This structure makes Upstox more attractive for high-volume intraday traders.


Brokerage for Option and Futures Trading- Both Upstox and Angel One charge ₹20 per order for options and futures trading. This flat rate is consistent across both brokers, meaning that in terms of brokerage fees for these types of trades, neither broker offers a distinct advantage. Investors focusing on options and futures trading will find the cost structure similar across both platforms.


Trading Platforms- When evaluating trading platforms, Upstox offers its users access to Upstox Pro, available on both web and mobile devices. This platform is known for its modern design and intuitive interface, making it accessible and user-friendly. Angel One provides access to the Angel Broking App and SpeedPro, both of which are well-regarded for their feature-rich environments. The choice between these platforms may come down to personal preference for interface design and functionality.


Customer Support- Customer support is another crucial factor for many investors. Angel One provides comprehensive 24x7 support through phone, email, and chat, ensuring that assistance is available at all times. This round-the-clock support can be invaluable for addressing any issues or concerns promptly. Upstox, while offering support via phone, email, and chat, restricts its assistance to business hours. This difference could influence investors who require more accessible support.


Investment Options- Both Upstox and Angel One offer a broad range of investment options, including equities, commodities, derivatives, and mutual funds. This wide range of options allows investors to diversify their portfolios and explore various asset classes. The similarity in the investment options provided by both brokers ensures that investors can access a diverse set of opportunities regardless of their choice of broker.


Research and Advisory Services- In terms of research and advisory services, Angel One stands out with its advanced research tools, advisory services, and detailed reports. This can be particularly useful for investors who seek in-depth analysis and professional guidance. Upstox offers basic research, news, and charts, which might be sufficient for some traders but less comprehensive compared to Angel One's offerings. Investors who prioritize detailed research and advisory support may find Angel One to be a better fit.


User Interface and Experience- Both Upstox and Angel One provide user-friendly platforms, but they have different approaches to user experience. Upstox is praised for its modern and intuitive design, which enhances usability and accessibility. Angel One, on the other hand, is noted for its feature-rich and user-friendly interface. The choice between these platforms may depend on personal preference for design and the specific features that users find most beneficial.


Additional Features- When it comes to additional features, Angel One offers robust research capabilities and SmartAPI for algorithmic trading, which can be highly advantageous for advanced traders looking to implement automated strategies. Upstox focuses on high-speed trading and provides a comprehensive set of tools, catering to those who prioritize efficient and effective trading experiences. Each broker has its unique strengths in this area, making it important for investors to consider their specific needs.


Conclusion- In summary, both Upstox and Angel One have their distinct advantages and cater to different types of investors. Upstox excels with its low-cost account opening, zero AMC, and flexible brokerage structure, making it appealing for cost-conscious and high-volume traders. Angel One offers comprehensive research services, 24x7 customer support, and advanced features, making it a strong choice for those who value in-depth analysis and round-the-clock assistance. Investors should weigh these factors based on their individual trading preferences and requirements to choose the broker that best suits their needs.

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