Zerodha Vs Angel Broking Vs Upstox Vs 5Paisa

About

In this comparision of upstox vs zerodha vs angel broking vs 5paisa we have tried to provide all the information in comparision to all of the 4 trading platforms. From their basics to commission, everything is covered here.

What is Zerodha?

Recently it has taken a lead as the largest stock broking company in India-based on the number of clients. Zerodha has over 1,000 employees at its Bangalore office.

It offers trading services to buy & sell stocks, futures & options. Zerodha has built its own trading application named ‘Kite’ and back-office software named ‘Console’. All trading software applications including trading terminal, website and mobile trading are made available to its customers free of charge.

What is Upstox?

Comparison of Upstox Vs Zerodha

Comparison of Account Opening Charges	Upstox	Zerodha
Trading Account Opening Charges (One Time)	Rs. 150	Rs. 200
Trading Annual Maintenance Charges	Rs. 0	Rs. 0
Demat Account Opening Charges (One Time)	Rs. 0	Rs. 100
Demat Account Annual Maintenance Charges	Rs. 150	Rs. 300

Brokerage Charges For Upstox Vs Zerodha

Comparison of Brokerage Charges	Upstox	Zerodha
Equity Delivery	Free	Free
Equity Intraday	Rs 20 or 0.01% whichever amount is lower	Rs 20 or 0.01% whichever amount is lower
Equity Features	Flat Fee Rs. 20	Rs 20 or 0.01% whichever amount is lower
Equity Options	Flat Fee Rs. 20	Flat Fee Rs. 20
Currency Futures	Flat Fee Rs. 20	Rs 20 or 0.01% whichever amount is lower
Currency Options	Flat Fee Rs. 20	Flat Fee Rs. 20
Commodity Trading	Flat Fee Rs. 20	Flat Fee Rs. 20
Minimum Brokerage	NIL	NIL
Call and Trade Charges	Rs 20 For Every Executable Order	Rs 20 For Every Executable Order

Other Charges Of Upstox Vs Zerodha

Comparison of Other Charges	Upstox	Zerodha
Transaction Charges	0.00275% of Total Turnover	0.00325% of Total Turnover
STT	0.0126% of Total Turnover	0.0126% of Total Turnover
SEBI Turnover Charges	0.0002% of Total Turnover	0.0002% of Total Turnover
GST	18% of (Transaction and Brokerage Charges)	18% of (Transaction and Brokerage Charges)

What is Angel Broking?

Angel Broking is one of the largest full-service retail brokers in India. The company offers a wide range of investment and trading services. Which includes stock and commodity broking, investment advisory services, margin funding, and more.

It offers trading in Equity, F&O, Commodities, and currency across BSE, NSE, NCDEX & MCX. It not only provides a platform to trade in Mutual Funds, and IPOs. But also provides guidance for trading in the stock market and value-added tools and services to enhance trading experience.

Overview of Angel Broking Vs Zerodha

Overview	Angel Broking	Zerodha
Company Type	Private	Private
Broker Type	Full-Service Broker	Discount Broker
Headquarters	Mumbai, India	Bangalore, India
Founder	Dinesh Thakkar	Nithin Kamath
Established Year	1987	2010

Angel Broking & Zerodha Demat Account Comparison

Demat Services	Angel Broking	Zerodha
Depository Source	CDSL	CDSL
Account Opening Charges	Zero	Rs.300
Demat AMC Charges	Free or Rs.300 per Annum	Rs.300 per Annum
Trading AMC Charges	Free	Free
Margin Money	Minimum Rs.10,000	Zero
Offline to Online	Yes	No

What is 5paisa?

5Paisa offers trading across equity, futures & options (F&O), currency and commodity segments on NSE, BSE, and MCX. At a discount brokerage of Rs 20 per executed order irrespective of the number of shares or their prices. 5Paisa has a corporate membership of NSE and BSE. It registers the company DP with CDSL.

Having a Demat account with 5paisa Capital Ltd is not mandatory which means it can link any other Demat account with a 5paisa trading account.

5paisa is a part of IIFL Group and IIFL is a clearing member for many brokers, so 5paisa is not charging any PCM fee.

Compare 5paisa vs Zerodha on Brokerage Charges

5paisa Brokerage Plan detail – 5paisa is a discount broker which charges a flat fee of Rs 20 per executed order. For Equity Cash, Equity F&O, Currency & Commodities. This is the lowest brokerage plan offered by the best brokerage house in India.

Zerodha Brokerage Plan detail – Zerodha offers Rs20 or.01% whichever is lower for equity intraday, F&O, commodity and currency. Rs20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Documents required to Open Demat Account

Proof Of Identity

• PAN Card
• UID (Aadhaar)
• Driving Licence
• Passport
• Voter Identity Card
• NREGA Job Card
• Any document notified by the central government

Proof of address

Lastly, you’ll need to submit a proof of address in India. There can be some overlap of address proof and ID proof documents. The full list includes:

• Passport
• UID (Aadhaar)
• Voter Identity Card
• State issues Driving License
• NREGA Job Card
• Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid
  mobile phone, piped gas, water bill).
• Bank account or Post Office savings bank account statement.
• Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in India.

Proof of bank

You’ll have to show proof of the bank account that you wish to connect with your account. If you have a canceled cheque that has your name on it then you can send it to your broker along with the account opening forms. Or, if you’re opting for the online account opening process you can upload the canceled cheque with the bank’s IFSC code to the online portal.

In a bank proof a broker needs the following from you:

• Your name
• Bank’s IFSC Code
• MICR

Conclusion

On comparing all the mentioned platforms, we found that they have almost same compatibility. Each of them has their own specifications and services. Hence, before choosing any of the trading platform, users are advised to get complete details of it. We don’t want anyone to invest their hard earned money in any random platform. So, you should check their reviews before going on board with any respective platform.