Updated On May 15, 2024

By SaraNextGen

Upstox vs Zerodha vs Angel Broking

Get the side by side comparison of upstox, zerodha and angel-broking on various parameters like brokerage charges, comission fees, margin, trading platform and many more.

• Upstox and Zerodha are discount brokers whereas Angel broking is a full-service broker. Additionally, all three brokers have an overall rating of 4.5 out of 5. The brokerage of all three lies between Rs. 20. To know which one will suit best for your requirements, later in this article we have provided a detailed comparison to help you choose better.  Moreover, let's first know each of the brokers, in brief, to have an idea before jumping into the comparison.

• What is Upstox?

• Upstox is a trading platform that is provided by RKSV and is one of the most popular discount brokers in India. Additionally, it provides trading services of Equity, Currency, and commodity Derivatives. It makes trading very easy as you can place an order via mobile or any web browser. Moreover, Upstox is safe, trusted, and reliable when it comes to trading. The reliability factors of Upstox makes it preferable for long term investments. 

• What is Zerodha?

• Zerodha is the largest stock broker in India and has over 4+ million clients in India. It contributes to over 15% of retail order volumes in overall India daily. You can invest and trade in F&O, Commodity & Currency derivatives, Stocks & IPOs, Bonds, and much more. It has some features like unbeatable pricing, open and free-market education, and easiness to use. Moreover, it is designed in a way that people can themselves use it with no help from any broker.

• What is Angel Broking?

• Angel broking is one of the largest independent retail broking houses in India which provides full-service. The data provided is accurate and precise for better use. Moreover, Angel Broking has experience of two decades that makes them an expert in the broking industry. Additionally, it is safe, hassle-free, and has an online share platform for trading. 

• Comparison: Upstox vs Zerodha vs Angel Broking

• Upstox vs Zerodha vs Angel Broking Background

• Head points

• Zerodha

• Upstox

• Angel broking

• Incorporation Year

• 2010

• 2011, it was started as RKSV

• 1987

• Accessible Exchanges 

• MCX-SX, MCX, NSE, and BSE

• MCX, MCX-SX, NSE, and BSE

• NSE, BSE, MCX, NCDEX, and MSEI

• DEMAT (NSDL/CDSL)

• CDSL

• NDSL

• CDSL

• Active Total Clients

• 8,00,000+ Clients

• 1,00,000+ Clients

• 7,00,000+ Clients

• Upstox vs Zerodha vs Angel Broking Account opening fees and AMC

• Head points

• Zerodha 

• Upstox

• Angel Broking

• Trading Account Opening Charges

• Rs. 300 for both Trading and Demat

• Rs.150 for Equity

• Free

• Trading Annual Maintenance Charges

• Free

• Free

• Free

• Commodity Fees

• Rs. 200

• Rs.150

• Rs.300

• Demat Account Opening Fees

• Rs. 300 for both Trading and Demat

• Rs.150

• Free

• Demat Annual Maintenance Charges

• Rs.300 plus 18% GST for individual

• Rs.150 p.a. 

• (The first year is free)

• Free

• Offer DP Service

• Yes, Available

• Yes, Available

• Yes, Available

• Upstox vs Zerodha vs Angel Broking Brokerage Charges

• Head Points

• Zerodha

• Upstox

• Angel broking

• Plan Subscription Summary

• Zerodha charges Rs.20 per order and Rs. 0 for Equity Delivery

• Upstox charges Rs.20 per order and Rs. 0 for Equity Delivery

• Angel broking provides percentage-based brokerage

• Equity Intraday Charges

• Rs.20 per executed order or 0.01% whichever is low

• Rs.20 per executed order or 0.01% whichever is low

• 0.04% or 4 paise on every Rs. 100

• Equity Futures Charges

• Rs.20 per executed order or 0.01% whichever is low

• Rs.20 per executed order or 0.01% whichever is low

• 0.04% or 4 paise on every Rs. 100

• Equity Options Charges

• Rs.20 per executed order or 0.01% whichever is low

• Rs.20 per executed order or 0.01% whichever is low

• Rs. 60/lot

• Equity Delivery Charges

• Free

• Free

• 0.04% or 4 paise on every Rs. 100

• Currency Futures charges

• Rs.20 per executed order or 0.01% whichever is low

• Rs.20 per executed order or 0.01% whichever is low

• 0.04% or 4 paise on every Rs. 100

• Currency Options charges

• Rupees 20 per executed order or 0.01% whichever is low

• Rupees 20 per executed order or 0.01% whichever is low

• Rupees 30 per lot

• Commodity Charges

• Rs.20 per executed order or 0.01% whichever is low

• Rs.20 per executed order or 0.01% whichever is low

• 0.03% of Turnover Negotiable

• Any Hidden Cost

• No

• No

• No

• Minimum Brokerage Fees

• 0.01% Minimum

• 0.01% Minimum

• 0.04% or 4 paise on every Rs. 100

• Call and Trade Charges

• Rs. 20 plus 18% GST per order

• Rs. 20 plus 18% GST per order

• Information N/A

• Upstox vs Zerodha vs Angel Broking Trading Platform Details

• Head points

• Zerodha

• Upstox

• Angel broking

• Desktop Trading Platform

• Zerodha Pi

• Dartstock/ Fox trader/ NEST trader

• Angel Speed Pro

• Desktop Demo Platform

• Yes, Available 

• Yes, Available

• Yes, Available

• Mobile App

• Kite by Zerodha

• Upstox

• Angel Broking

• Mobile Trading Availability

• Yes, Available

• Yes, Available

• Yes, Available

• Mobile App Demo

• Yes, Available

• Yes, Available

• Yes, Available

• Mobile Site

• Yes, Available

• Yes, Available

• Yes, Available

• Android/ iOS Mobile App

• Yes, Both Available 

• Yes, Both Available

• Yes, Both Available

• Upstox vs Zerodha vs Angel Broking Trading Support and Tools

• Head points

• Zerodha

• Upstox

• Angel Broking

• Training and Educational Facilities

• Yes, Blog Articles

• Yes, Blog Articles

• Yes, Blog Articles

• Research and Tips

• No

• No

• Yes, Available

• Brokerage Calculator

• Yes, Available

• Yes, Available

• No

• Span margin Calculator

• Yes, Available 

• Yes, Available

• No

• Trailing Stoploss

• No

• No

• No

• Upstox vs Zerodha vs Angel Broking Trading features and services 

• Head Points 

• Zerodha

• Upstox

• Angel broking

• 3 in 1 A/c (Bank+ Trading+demat)

• Yes, Available

• No

• No

• Mobile SMS Alert

• Yes, Available (Each SMS alert charged Rs.1 per SMS)

• Yes, Available (Free of Cost)

• Yes, Available 

• Extra Features 

• Pivot Point Indicator

• Pivot Point Indicator

• PMS Newsletter

• Free Tips Advisory

• No

• No

• Yes, Available

• News and Alerts

• No  

• No

• Yes, Available

• Direct Insurance

• No

• No

• Yes, Available 

• Banking Services

• No

• No

• No

• Online IPO Request 

• No

• No

• Yes

• Conclusion

• After a detailed comparison of the three brokers, let's see what are some of the benefits of the three brokers. Upstox helps to save costs, has superior technology, has high-quality customer service, and has easy account opening procedures. On the other hand, Zerodha provides solid research, has low fees, can deposit using an electronic wallet, and is a great trading platform. Angel broking is flexible, has access to accurate and reliable research, and can have personalization.