Zerodha vs Angel One vs Mstock 2024 - Brokerage Charges, Demat Account Opening Fee

Zerodha vs Angel One vs MStock Comparison

Account Opening Fees

Zerodha Angel One MStock
₹200 (Equity) + ₹100 (Commodity) ₹0 (free) ₹300 (Equity) + ₹150 (Commodity)

Annual Maintenance Charges (AMC)

Zerodha Angel One MStock
₹300/year ₹0 (free) ₹500/year

Brokerage for Equity Delivery

Zerodha Angel One MStock
₹0 (free) ₹0 (free) ₹10 per trade

Brokerage for Equity Intraday

Zerodha Angel One MStock
₹20 per executed order or 0.03% ₹20 per executed order ₹15 per executed order

Brokerage for Option Trading

Zerodha Angel One MStock
₹20 per order ₹20 per order ₹25 per order

Brokerage for Futures Trading

Zerodha Angel One MStock
₹20 per order ₹20 per order ₹30 per order

Trading Platforms

Zerodha Angel One MStock
Kite (web, mobile) Angel Broking App (web, mobile) MStock App (web, mobile)

Customer Support

Zerodha Angel One MStock
Email, phone (business hours) Phone, email, chat (business hours) Email, phone, chat (24/7)

Investment Options

Zerodha Angel One MStock
Equity, derivatives, commodities, mutual funds, bonds Equity, commodities, derivatives, mutual funds Equity, derivatives, commodities, mutual funds, bonds, IPOs

Research & Advisory Services

Zerodha Angel One MStock
Basic charts, data Detailed research reports, stock recommendations In-depth research reports, stock recommendations, market insights

User Interface & Experience

Zerodha Angel One MStock
Simple, fast interface Simple, clean design Modern, user-friendly design

Additional Features

Zerodha Angel One MStock
Coin (direct mutual funds), Console (reporting) Free research reports, algorithmic trading Research tools, investment advisory services, portfolio management

Zerodha vs Angel One vs MStock - Overall Summary

Category Zerodha Angel One MStock
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. 


Zerodha vs Angel One vs Mstock : Comprehensive Comparison

When it comes to selecting a stockbroker in India, Zerodha, Angel One, and MStock are prominent names that frequently come up. Each offers a unique set of features, fees, and services. To help you make an informed choice, here is a detailed comparison of these three brokers based on various key aspects.

Account Opening Fees

Zerodha charges a fee of ₹200 for equity trading and an additional ₹100 for commodity trading when opening an account. In contrast, Angel One offers free account opening, which can be a significant advantage for cost-conscious investors. MStock, on the other hand, has an account opening fee of ₹300 for equity trading and ₹150 for commodities, making it slightly more expensive compared to Zerodha but still competitive.

Annual Maintenance Charges (AMC)

The annual maintenance charge for Zerodha is ₹300, which is relatively moderate. Angel One stands out by offering a zero AMC, which can lead to considerable savings over time. MStock charges ₹500 per year for AMC, which is higher than both Zerodha and Angel One but still within a reasonable range for the services offered.

Brokerage for Equity Delivery

For equity delivery trades, Zerodha and Angel One both offer a zero brokerage fee. This means that investors can buy and hold shares without incurring any brokerage charges. MStock charges ₹10 per trade for equity delivery, which could be a factor to consider if you plan to frequently trade in equities.

Brokerage for Equity Intraday

When it comes to equity intraday trading, Zerodha charges ₹20 per executed order or 0.03% of the trade value, whichever is lower. Angel One also charges ₹20 per executed order, while MStock’s brokerage fee is ₹15 per executed order. The cost differences can affect the overall profitability of intraday trading, so it is crucial to consider these rates if you engage in high-frequency trading.

Brokerage for Option Trading

For options trading, Zerodha charges ₹20 per order, a standard rate in the industry. Angel One also charges ₹20 per order for options trades, maintaining parity with Zerodha. MStock's brokerage for options trading is ₹25 per order, which is slightly higher than the other two brokers but may come with additional features or services.

Brokerage for Futures Trading

In futures trading, Zerodha charges ₹20 per order, similar to its options trading fee. Angel One also charges ₹20 per order for futures trades, aligning with its options trading fees. MStock, however, has a higher brokerage fee of ₹30 per order for futures trading. This difference might impact your decision depending on your trading volume and strategy.

Trading Platforms

Zerodha offers the Kite platform, available on both web and mobile, which is known for its simplicity and speed. Angel One provides the Angel Broking App, also accessible on web and mobile, featuring a clean design and user-friendly interface. MStock's trading platform is available as the MStock App on both web and mobile, providing a modern and intuitive design. Each platform is tailored to enhance user experience, but the choice may depend on your personal preferences and trading needs.

Customer Support

Zerodha provides customer support via email and phone during business hours. Angel One offers phone, email, and chat support during business hours, providing a more comprehensive range of support options. MStock excels with 24/7 support through email, phone, and chat, ensuring that help is always available when needed.

Investment Options

Zerodha offers a broad range of investment options including equities, derivatives, commodities, mutual funds, and bonds. Angel One provides similar options but excludes bonds, focusing on equities, commodities, derivatives, and mutual funds. MStock stands out by offering equities, derivatives, commodities, mutual funds, bonds, and IPOs, providing a more extensive array of investment choices.

Research & Advisory Services

Zerodha offers basic charts and data for research but does not provide in-depth advisory services. Angel One provides detailed research reports and stock recommendations, which can be valuable for investors seeking guidance. MStock goes further by offering in-depth research reports, stock recommendations, and market insights, catering to investors who require more comprehensive advisory services.

User Interface & Experience

Zerodha’s Kite platform is known for its simple and fast interface, which is appreciated by many traders. Angel One’s platform features a clean and simple design, making it easy for users to navigate. MStock’s modern and user-friendly design ensures an intuitive trading experience, and while each platform has its strengths, user preference may vary based on individual needs and familiarity.

Additional Features

Zerodha offers additional features such as Coin (for direct mutual funds) and Console (for reporting). Angel One provides free research reports and algorithmic trading options. MStock offers a range of additional features including research tools, investment advisory services, and portfolio management, enhancing the overall trading experience.

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