Comparison: Upstox vs Angel Broking | 4 Reasons to Consider Upstox

Upstox vs Angel Broking

Last Updated on May 22, 2022

Upstox vs Angel Broking

Angel Broking vs Upstox, It is the same equery are you landed here to learn about? If yes, then you are in the right place to explore the detailed comparison of Upstox vs Angel Broking. Both are Stock Broking firms in India. Both have their own Pros and Cons. Below we will discuss this in detail.

If you are aware of Zerodha Stockbroker you can check our detailed comparison of both Compare Upstox and Zerodha. Check Upstox vs Zerodha Charges.

What we will know, let have a look:

  • Detailed information about Upstox and Angel Broking
  • Detailed Upstox vs Angel Broking comparison
  • Detailed Angel Broking vs Upstox Charges
  • Detailed Features and Benefits of both Upstox and Angel Broking
  • Detailed margin funding table

Are you ready? Let’s Start comparison of angel broking with Upstox.

About Angel Broking

Angel Broking Incorporated in early 1987. Angel Broking is one of the largest full service brokers or retail stock brokers in India. It offers online discount brokerage services for stocks and mutual funds in India. The company offers a broad range of investment and trading services.

It includes stock, Mutual funds and commodity broking. Angel Broking is a strong community presence with 110 branches and 11,000 sub-broker offices in 1800+ cities in India. Charges vary from Rs.20 per order maximum.

About Upstox

Upstox is a very low-cost broking firm in India. It provides trading opportunities at unbeatable prices in India. The company on different segments such as equities, commodities, currency, futures, options provide a trading platform.

Upstox company provides Pro Web and Upstox Pro Mobile trading platforms for both users. Upstox is funded by a group of investors, i.e. Kalaari CapitalRatan Tata and GVK-DavixUpstox platform gives tradinganalysischarting, and many more rich trading features in one platform.

upstox funding

Basic Difference: Upstox vs Angel Broking (Compare Angel broking vs Upstox)

Both angel broking and Upstox are Discount brokers. Angel broking is listed on BSE, NSE, MCX And NCDEX. Angel broking is incorporated in 1987 and Upstox was incorporated in 2012. As angel broking is a very old broker as compared to Upstox. Angel has 900 branches while Upstox has 4 branches to date.

FeaturesAngel BrokingUpstox
Type of BrokerDiscount BrokerDiscount Broker
Exchange MembershipBSE, NSE, MCX, NCDEXBSE, NSE, MCX
Year of Incorporation19872012
Number of Branches9004
Open Free Account

AMC: Charges Angel Broking vs Upstox

AMC charges for Angel broking is Rs.240 for just Demat account AMC charges while Upstox charge only for Trading account opening charges. Now Angel Broker offering Zero AMC charges For the First Year.

AMC ChargesAngel BrokingUpstox
Trading Account Opening ChargesRs.0 (Free)Rs.249
Trading Account AMC ChargesRs.0 (Free)Rs.0 (Free)
Demat Account Opening ChargesRs.0 (Free)Rs.0 (Free)
Demat Account AMC ChargesRs.240Rs.0 (Free)

Brokerage Charges Upstox vs Angel Broking

Upstox has no hidden charges. Equity delivery will be charged for Rs.20 per executed order while Angel broking has no charges for equity delivery.

Account TypeAngel iTrade PRIMEUpstox
Fixed ChargesNo Hidden charges
Equity DeliveryRs.0 (Free)Rs.20 per executed order or 2.5% whichever is the low side
Equity IntradayFlat Rs.20 per executed orderRs.20 per executed order or 0.05% whichever is the lower side
Equity FuturesFlat Rs.20 per executed orderRs.20 per executed order or 0.05% whichever is the lower side
Equity OptionsFlat Rs.20 per executed orderRs.20 per executed order
Currency FuturesFlat Rs.20 per executed orderRs.20 per executed order or 0.05% whichever is the lower side
Currency OptionsFlat Rs.20 per executed orderRs.20 per executed order
Commodity FuturesFlat Rs.20 per executed orderRs.20 per executed order or 0.05% whichever is the lower side
Commodity OptionsFlat Rs.20 per executed orderRs.20 per executed order

Upstox vs Angel broking for Option Trading

Upstox charge for Options trading minimum brokerage is 0.05% while Angel broking charges Rs.20 to Rs.30 for equity, Future and Options trading.

Angel BrokingUpstox
Minimum BrokerageEquity Rs.20 | F&O Rs.300.05%
Call & Trade ChargesAdditional Rs.20 per executed orderRs.20 per trade

Angel Broking Vs Upstox Leverage (Margin)

Angel BrokingUpstox
Equity Delivery100% of trade value (up to 1x leverage)100% of trade value (up to 1x leverage)
Equity Intraday20% of trade value (up to 5x leverage)20% of trade value (up to 5x leverage)
F&O100% of NRML margin (Span + Exposure) (up to 1x leverage)100% of NRML margin (Span + Exposure) (up to 1x leverage)

Features Comparison

Angel BrokingUpstox
3 in 1 AccountNoNo
ChartingYesYes
Automated Trading YesNo
SMS AlertsYesNo
Online DemoYesYes
Online PortfolioYesNo
Margin Trading FundingYesNo

Pros and Cons: Upstox and Angel Broking

Angel Broking: Pros and Cons

Positive
  • Free equity delivery trades
  • No brokerage charges for Cash-N-Carry orders.
  • Flat Rs.20 for Equity Intraday, F&O, Currency and Commodity
  • Free trading software
Negatives
  • No 3 in 1 account

Upstox: Pros and Cons

Positive
  • Zero account opening fee
  • It Offers direct mutual funds
  • Free trading software for mobile and web browsers
  • IPO, FPO, Bonds, and NCD’s are available
  • Minimum AMC charges
  • 100+ charts with 250+ indicators
  • Easy, fast and simple interface
  • 2000+ Mutual Fund schemes
Negatives
  • No 3 in 1 Account
  • Higher Demat transaction charges
  • No margin funding

FAQ: Upstox and Angel Broking

  1. What is the brokerage cost of investing in Stocks in Upstox?

    Ans. Users will be charged brokerage of ₹20 per order or 2.5% whichever is the lower side. it is for buying Stocks and selling them after a few days, weeks, or months. 

  2. Do I have to pay for using the platforms?

    Ans. No. You can use the Upstox web & mobile platforms for free.

  3. What are BTST orders?

    Ans. BTST stands for Buy Today Sell Tomorrow.

  4. Can I Place a trade on the phone in Angel broking?

    Ans. Yes, You can place a trade over the phone.

  5. Does Angel broking have advisory services?

    Ans. Yes, Angel broking has advisory services.

Wrap up: 4 Points to consider Upstox

Both are the best discount brokers in India. Both have nominal charges but Angel broking has large diversified charges in other transactions as compared to Upstox. The upcoming review will discuss Angel broking vs Zerodha vs Upstox.

  1. Upstox has some unique points in terms of pricing as compared to other stock brokers. Upstox pricing plans offer Free Equity delivery trading and charge a flat Rs. 20 or 0.01% per order traded whichever is lower on all applicable orders!
  2. Upstox has an passive income affiliate program, means if an client join through your linkyou will earn some percentage commsion on every executed order.
  3. It has large user base arounf 50 lakh plus.
  4. Paperless and hassle-free account opening process means no woories about physical wpaper work.

So what the unique? Other brokerage firms charge a flat commission on all traded orders as compared to Upstox broker firms.

So what are you waiting for?

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Vikas Rana

Vikas Rana

Alsomindy review portal (Product reviews, Exclusive Coupons, Deals & Offers) run by Vikas Rana. He is Hotelier by Profession and a Digital marketer by Passion. Being a Hotelier he has always loved to learn the inner working of hospitality and reviews from various sources received. He is a wizard that can make your shopping experience easy with unbiased reviews and a better selection of products.

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