📰 Join for the Latest Finance Updates → |
Upstox vs Angel Broking, Angel Broking vs Upstox
Are you searching for a trustworthy and efficient online broker to invest in the stock market?
With so many options available, selecting the right one can be daunting.
Two of India’s most popular online brokers are Upstox and Angel Broking; here, we will compare their features and benefits so that you can make an informed decision.
The parameters I decided to compare Upstox vs Angel Broking are:
- Angel Broking vs Upstox: Brokerage Plans
- Angel Broking vs Upstox: Plan Types
- Angel Broking vs Upstox: Customer Service
- Angel Broking vs Upstox: Maintenance Fees and AMC
- Angel Broking vs Upstox: Trading Platforms
- Angel Broking vs Upstox: Mobile App
- Angel Broking vs Upstox: Margin/Leverage
- Angel Broking vs Upstox: Demat Account Opening Process
- Angel Broking vs Upstox: Investment Options, Features, and Benefits
Let’s discuss them one by one:
Upstox vs Angel Broking: Brokerage Plans
The brokerage plans offered by a broker are essential in determining the success of your investments.
Upstox and Angel Broking provide various brokerage plans tailored to their client’s needs.
Upstox
- Upstox provides two brokerage plans, Basic and Priority.
- The Basic plan charges a flat rate of Rs. 20 per trade or 0.01% (whichever is lower) for intraday and delivery trades.
- On the other hand, the Priority plan charges Rs. 30 per trade or 0.05% (whichever is lower) for both intraday and delivery trades. Moreover, customers on this plan receive priority customer support and free trading tools as part of their package.
Angel Broking
- Angel Broking offers two brokerage plans, Angel Classic, and Angel Preferred.
- For intraday and delivery trades, the Angel Classic plan charges either Rs. 20 per trade or 0.30% (whichever is lower).
- While the Angel Preferred plan charges Rs. 30 per trade or 0.40% (whichever is lower). Furthermore, these plans come with various value-added services like personalized advisory and free trading tips.
🎉Winner ➤ Upstox is the clear winner here, offering lower brokerage charges and a Priority plan with value-added services, making it the better option for investors looking to reduce their trading expenses.
Upstox vs Angel Broking: Plan Types
Both Upstox and Angel Broking provide various plan options to meet the diverse needs of their clients.
Upstox
- Upstox provides two plan options, Upstox Basic and Pro.
- The Upstox Basic plan is a web-based platform with basic trading features.
- On the other hand, the Pro plan offers more sophisticated tools like charting tools, customized indicators, and real-time data.
Angel Broking
- Angel Broking offers two plans, Angel Broking App and Angel Broking Trade.
- The Angel Broking App is a mobile-based platform with basic trading features.
- Conversely, the Angel Broking Trade plan provides more advanced capabilities like research reports, advanced charting tools, and real-time data.
🎉Winner ➤ Upstox offers a more advanced platform with customizable indicators and real-time data, making it the better option for investors looking to use cutting-edge trading tools.
Upstox vs Angel Broking: Customer Service
Customer service should always be taken into account when selecting an online broker.
Upstox and Angel Broking provide their clients with various customer service channels for support.
Upstox
- Upstox provides customer support via phone, email, and chat support.
- Its website also boasts a comprehensive knowledge base with answers to frequently asked questions.
Angel Broking
- Angel Broking offers customer service through phone, email, chat support, and social media channels.
- Its website also boasts a comprehensive knowledge base with answers to commonly asked questions.
🎉Winner ➤ Angel Broking offers more customer service channels, such as social media, making it the better option for investors who prefer interacting with their broker through various mediums.
Upstox vs Angel Broking: Maintenance Fees and AMC
Maintenance fees and Annual Maintenance Charges (AMCs) are recurring fees brokers charge for maintaining your account.
Upstox
- Upstox doesn’t charge any maintenance fees or AMC for trading accounts. However, for Demat accounts, Upstox charges a yearly maintenance fee of Rs. 150.
Angel Broking
- Angel Broking charges a maintenance fee of Rs.450 annually for trading accounts and an Annual Management Charge (AMC) of Rs.450 for Demat accounts.
🎉Winner ➤ Upstox does not charge any maintenance fees for trading accounts, making it the ideal option for investors who wish to avoid such expenses.
Upstox vs Angel Broking: Trading Platforms
When selecting an online broker, the trading platform a broker provides should be considered. Upstox and Angel Broking provide different trading platforms tailored to different investor types.
Upstox
- Upstox provides a web-based trading platform and mobile trading app called Upstox Pro.
- The web-based platform offers basic trading features, while the mobile app has more advanced options like real-time data and customizable indicators.
Angel Broking
- Angel Broking offers two mobile applications, Angel Broking App and Angel Broking Trade.
- The former provides basic trading features and more sophisticated ones like research reports, advanced charting tools, and real-time data.
🎉Winner ➤ Both brokers offer trading platforms tailored to different types of investors. However, Upstox boasts customizable indicators on its mobile app, making it the better option for those seeking advanced trading tools.
Upstox vs Angel Broking: Mobile App
A mobile app is essential for investors who prefer to trade while on the go. Both Upstox and Angel Broking provide mobile trading apps.
Upstox
- Upstox provides a mobile app called Upstox Pro that is available on Android and iOS platforms.
- This app boasts advanced features like real-time data, customizable indicators, and market watchlists.
Angel Broking
- Angel Broking offers a mobile app called Angel Broking App, which is available on Android and iOS platforms.
- This app provides basic functions like real-time data, trading tips, and market watchlists.
🎉Winner ➤ Upstox offers a more advanced mobile app with customizable indicators and real-time data, making it the better option for investors who desire access to advanced trading tools on their phones.
Upstox vs Angel Broking: Margin/Leverage
Margin and leverage are critical for investors seeking to maximize their profits when trading stocks.
Upstox
- Upstox provides a margin of up to 20 times for intraday trades and 4 times for delivery trades.
- The broker leverages selected stocks based on their market capitalization and liquidity.
Angel Broking
- Angel Broking offers a margin of up to 10 times for intraday trades and 2 times for delivery trades.
- The broker leverages selected stocks based on their market capitalization and liquidity.
🎉Winner ➤ Upstox offers a higher margin and leverage than Angel Broking, making it the better option for investors who aim to maximize their profits when trading.
Upstox vs Angel Broking: Demat Account Opening Process
Opening a Demat account is essential for investors planning to invest in the stock market.
The account opening process should be simplified significantly to make it as straightforward and stress-free as possible.
Upstox
- Upstox provides an online account opening process for Demat accounts that takes just minutes to complete.
- All necessary to open a Demat account with them is your PAN card, Aadhaar card, and canceled cheque.
Angel Broking
- Angel Broking offers an online account opening process for Demat accounts, usually completed in just a few minutes.
- All necessary to open one is your PAN card, Aadhaar card, and canceled cheque.
🎉Winner ➤ Both brokers offer an effortless online opening process for Demat accounts.
Upstox vs Angel Broking: Investment Options, Features, and Benefits
When selecting an online broker, investment options, features, and benefits should be considered.
Both Upstox and Angel Broking provide a range of investment solutions and features.
Upstox
- Upstox provides the following investment options:
- Equity trading
- Commodity trading
- Currency trading
- Futures and options trading
- Upstox also provides the following features and benefits:
- Advanced charting tools
- Real-time data
- Customizable indicators
- Market watchlists
- Bracket orders and cover orders
- Option chain analysis
- Multiple order types
- Margin calculator
- Free research reports
Angel Broking
- Angel Broking provides the following investment options:
- Equity trading
- Commodity trading
- Currency trading
- Futures and options trading
- Angel Broking also provides the following features and benefits:
- Real-time data
- Trading tips
- Market watchlists
- Personalized advisory services
- Free research reports
- Trading education and webinars
- Multiple order types
- Angel Bee Mutual Fund Investment App
- Angel Broking Smart Money
🎉Winner ➤ Overall, both brokers offer a range of investment opportunities and features. Upstox stands out due to its advanced charting tools and customizable indicators, making it the better option for investors who desire access to more advanced trading capabilities.
Upstox vs Angel Broking: Table of Comparison
| Comparison Parameters | Upstox | Angel Broking |
|---|---|---|
| Brokerage Plans | Flat Rs. 20 per trade for all segments | 0.25% for delivery trades and 0.03% for intraday trades |
| Plan Types | Multiple plans available | Multiple plans available |
| Customer Service | 24×7 customer support | 24×7 customer support |
| Maintenance Fees | No maintenance fees for trading accounts | Rs. 450 per year |
| AMC | Rs. 45 per month for Demat account maintenance | Rs. 450 per year for trading account maintenance |
| Trading Platforms | Upstox Trader Terminal, Upstox Mobile App, and Upstox Web Trading | Angel Broking App, Angel SpeedPro, Angel Broking Trade, and Angel Broking Web Trading |
| Rating | 3.9 out of 5 on Google Play Store | 3.8 out of 5 on Google Play Store |
| Reviews/Turn | 4.2 out of 5 on Mouthshut | 3.6 out of 5 on Mouthshut |
| Mobile App | Provides advanced trading tools such as Heat Maps, Trade Station, and Sensibull | Provides trading tips, real-time data, and personalized advisory services |
| Margin/Leverage | Up to 20 times margin for intraday trades and up to 3 times margin for delivery trades | Up to 10 times margin for intraday trades and up to 2 times margin for delivery trades |
| Demat Account Opening Process | Easy online account opening process | Easy online account opening process |
| Investment Options, Features, and Benefits | Provides a range of investment options, advanced trading tools, and free research reports | Provides a range of investment options, trading tips, and personalized advisory services |
Frequently Asked Questions (FAQs) about Upstox vs Angel Broking
Key Takeaway
After comparing Upstox and Angel Broking based on various parameters, we can safely say that both stockbrokers are worthy of consideration.
However, Upstox takes the crown with its lower brokerage plans, no maintenance fees for trading accounts, and user-friendly trading platforms.
Upstox will come out on top in this comparison.
Angel Broking boasts superior customer service and offers more investment options, such as mutual funds and bonds.
Remembering that individual requirements and preferences may dictate which trading platform wins out is essential.
Upstox may appeal to traders who prioritize low brokerage fees and user-friendly platforms.
At the same time, Angel Broking could be ideal for those needing a comprehensive selection of investment options and superior customer service.
Related links:
📰 Join for the Latest Finance Updates → |
