Zerodha vs Angel One vs Groww 2024 - Brokerage Charges, Demat Account Opening Fee
Account Opening Fees
Zerodha | Angel One | Groww |
---|---|---|
₹200 (Equity) + ₹100 (Commodity) | ₹0 (free) | ₹0 (free) |
Annual Maintenance Charges (AMC)
Zerodha | Angel One | Groww |
---|---|---|
₹300/year | ₹0 (free) | ₹0 (free) |
Brokerage for Equity Delivery
Zerodha | Angel One | Groww |
---|---|---|
₹0 (free) | ₹0 (free) | ₹0 (free) |
Brokerage for Equity Intraday
Zerodha | Angel One | Groww |
---|---|---|
₹20 per executed order or 0.03% | ₹20 per executed order | ₹20 per executed order |
Brokerage for Option Trading
Zerodha | Angel One | Groww |
---|---|---|
₹20 per order | ₹20 per order | ₹20 per order |
Brokerage for Futures Trading
Zerodha | Angel One | Groww |
---|---|---|
₹20 per order | ₹20 per order | ₹20 per order |
Trading Platforms
Zerodha | Angel One | Groww |
---|---|---|
Kite (web, mobile) | Angel Broking App (web, mobile) | Groww App (web, mobile) |
Customer Support
Zerodha | Angel One | Groww |
---|---|---|
Email, phone (business hours) | Phone, email, chat (business hours) | Email, chat (business hours) |
Investment Options
Zerodha | Angel One | Groww |
---|---|---|
Equity, derivatives, commodities, mutual funds, bonds | Equity, commodities, derivatives, mutual funds | Equity, mutual funds, US stocks |
Research & Advisory Services
Zerodha | Angel One | Groww |
---|---|---|
Basic charts, data | Detailed research reports, stock recommendations | Limited research, news |
User Interface & Experience
Zerodha | Angel One | Groww |
---|---|---|
Simple, fast interface | Simple, clean design | Minimalist, easy-to-use design |
Additional Features
Zerodha | Angel One | Groww |
---|---|---|
Coin (direct mutual funds), Console (reporting) | Free research reports, algorithmic trading | Integrated investment options (stocks + mutual funds) |
Zerodha vs Angel One vs Groww - Overall Summary
Category | Zerodha | Angel One | Groww |
---|---|---|---|
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 | ★★★★☆ | ★★★★☆ | ★★★★☆ |
*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.
Zerodha vs Angel One vs Groww: Comprehensive Comparison
Investing in the stock market can be an intricate task, especially when selecting the right brokerage platform. Zerodha, Angel One, and Groww are some of the most popular online brokers in India. Each of these platforms comes with its own set of features, brokerage charges, and service offerings. In this article, we will explore a comprehensive comparison between these platforms to help you choose the best one for your investment needs.
Account Opening Fees
One of the first things that investors look at is the account opening fee. Zerodha charges ₹200 for equity and an additional ₹100 for commodity accounts, making it a total of ₹300 for both. In contrast, both Angel One and Groww offer free account opening services, making them more attractive to cost-conscious users. If minimizing upfront costs is your priority, Angel One and Groww have a clear advantage in this category.
Annual Maintenance Charges (AMC)
After opening an account, annual maintenance charges (AMC) come into play. Zerodha charges ₹300 annually as AMC, which is comparatively higher than its competitors. Both Angel One and Groww offer zero AMC, meaning there are no recurring charges to maintain the account. For investors looking for long-term savings, Angel One and Groww again take the lead with their zero AMC policy.
Brokerage for Equity Delivery
For equity delivery, where investors buy stocks to hold for a longer term, all three platforms—Zerodha, Angel One, and Groww—offer zero brokerage charges. This makes them equally competitive for long-term investors who are primarily focused on equity delivery trading.
Brokerage for Equity Intraday
Equity intraday trading involves buying and selling stocks within the same day, and here, brokerage fees differ. Zerodha charges either ₹20 per executed order or 0.03% of the transaction amount, whichever is lower. Angel One and Groww also charge a flat fee of ₹20 per executed order. While all three platforms offer competitive rates for intraday trading, Zerodha’s option of charging 0.03% could be more appealing for small trades.
Brokerage for Options Trading
When it comes to options trading, all three platforms have adopted a similar fee structure. Zerodha, Angel One, and Groww charge a flat ₹20 per order. This flat rate is appealing for active traders who execute multiple trades in a day and ensures cost predictability.
Brokerage for Futures Trading
Just like with options, the brokerage for futures trading is consistent across Zerodha, Angel One, and Groww. Each of these platforms charges ₹20 per order, making them highly competitive for traders dealing in derivatives.
Trading Platforms
A seamless trading experience depends largely on the quality of the platform, and in this area, each broker has its own offering. Zerodha offers the highly popular Kite platform, available on both web and mobile. It’s known for its speed and simple interface, making it a favorite among traders. Angel One provides the Angel Broking App, which is also accessible via both web and mobile, offering a clean and intuitive design. Groww's platform is minimalist and user-friendly, designed primarily for beginners. It’s available as both a mobile app and a web platform. All three brokers have optimized their platforms for ease of use, but experienced traders may prefer Zerodha's Kite for its advanced features and speed.
Customer Support
Customer support can make or break the user experience, especially when dealing with issues related to funds or trading execution. Zerodha offers support via email and phone, though only during business hours, which can be limiting for those who trade outside standard hours. Angel One provides more robust support options, including phone, email, and chat, also available during business hours. Groww’s support is mainly limited to email and chat, which might be adequate for casual investors but can be insufficient for more complex issues.
Investment Options
Investment diversity is another critical factor for traders. Zerodha offers a wide range of investment options, including equity, derivatives, commodities, mutual funds, and bonds. Angel One also provides equity, derivatives, commodities, and mutual funds. However, Groww offers a more focused set of options, specializing in equity, mutual funds, and recently adding US stocks to its portfolio. For investors seeking more diverse financial products, Zerodha may be a better choice.
Research & Advisory Services
Research and advisory services vary significantly across these platforms. Zerodha offers only basic charts and data, which might not be sufficient for investors looking for detailed market insights. Angel One, on the other hand, provides detailed research reports and stock recommendations, making it more suitable for investors who rely on advisory services. Groww’s research capabilities are limited, offering only basic news updates and market information.
User Interface & Experience
The user interface and experience of a platform can significantly impact trading efficiency. Zerodha is known for its fast and simple interface, particularly on its Kite platform. Angel One also offers a clean design with easy navigation, while Groww’s app is designed to be minimalist and highly accessible, especially for new investors. Although all three platforms are user-friendly, experienced traders might prefer Zerodha for its speed and streamlined interface.
Additional Features
Each platform offers unique additional features. Zerodha provides access to Coin, its platform for direct mutual funds, and Console, which helps with reporting and tracking trades. Angel One differentiates itself by offering free research reports and algorithmic trading services. Groww integrates both stocks and mutual funds within the same platform, making it convenient for investors who want a single solution for all their investments.
Conclusion
Choosing between Zerodha, Angel One, and Groww largely depends on your trading preferences and priorities. Zerodha is excellent for seasoned traders looking for a fast and feature-rich platform, while Angel One appeals to investors seeking detailed research and advisory services. Groww is a solid option for beginners who want a simple and easy-to-use interface with a focus on equity and mutual funds. Depending on whether you prioritize brokerage fees, platform features, or customer support, any of these platforms could be the right fit for your investment journey.