Angel One vs Bajaj Broking
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Angel One
VS
Bajaj Broking
Angel One vs Bajaj Broking — quick verdict
Choose Angel One if
You want research and offline support
A full-service broker offering flat ₹20 discount-style pricing, in-house research and one of India's largest branch networks.
Choose Bajaj Broking if
You want research and offline support
Bajaj Broking Review 2026 — Explore flexible brokerage plans, research-backed stock ideas, advanced trading tools, MTF, IPOs and multi-asset investing.
Company overview
Angel One is a full-service broker incorporated in 1987; Bajaj Broking is a full-service broker incorporated in 2010.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Type of broker | Full-service Broker | Full-Service Broker |
| Exchange membership | BSE · NSE · MCX · NCDEX | NSE · BSE · MCX |
| Year of incorporation | 1987 older | 2010 |
| Number of branches | 900 | 45+ branches across 40+ locations, accor wider |
| Active clients | 66,84,223 | Approximately 6 lakh as of 31 December 2 larger |
Charges & AMC
Account-opening and maintenance charges for Angel One and Bajaj Broking compared side by side.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Trading a/c opening | ₹0 (Free) | ₹0 |
| Trading a/c AMC | ₹0 (Free) | ₹0 |
| Demat a/c opening | ₹0 (Free) | ₹0 |
| Demat a/c AMC | ₹240 | ₹0 (via plans) lower |
| DP charges (per ISIN, sell) | ₹20 per debit lower | ₹30 per ISIN per debit transaction |
Brokerage charges
How Angel One and Bajaj Broking price each trading segment, per executed order.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Equity Delivery | ₹20 or 0.1% (lower) | ₹20/order |
| Equity Intraday | ₹20 or 0.1% (lower) | ₹20/order |
| Equity Futures | ₹20 / order | ₹20/order |
| Equity Options | ₹20 / order | ₹20/order |
| Currency F&O | ₹20 / order | ₹20 per order |
| Commodity F&O | ₹20 / order | ₹20 per order |
| Call & Trade | +₹20/order | Included / supported |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Angel One and Bajaj Broking, per segment.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE ₹297 per Cr (0.00297%) | BSE ₹375 per Cr (0.00375%) |
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE ₹297 per Cr (0.00297%) | BSE ₹375 per Cr (0.00375%) |
| Equity Futures | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE ₹173 per Cr (0.00173%) | BSE ₹0 |
| Equity Options | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE ₹3503 per Cr (0.03503%) | BSE ₹325 per Cr (0.00325% on premium) |
| Currency Future | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | NSE ₹35 per Cr (0.00035%) | BSE ₹45 per Cr (0.00045%) |
| Currency Option | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | — |
Demat & DP charges
Depository (demat) charges for Angel One and Bajaj Broking — AMC, debit transactions, pledging and remat.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Demat Account Opening Charges | Rs 0 (Free) | — |
| Transaction Charges (Buy) | Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) | — |
| Annual Maintenance Charges (AMC) | Rs 240 per year (Rs 20 per month) | ₹0 under the published standard fee schedule; verify plan-specific conditions |
| Demat + Courier charges | Rs 50 per certificate | — |
| Remat | Rs 50 per certificate | — |
| Pledge Creation | Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) | — |
| Pledge Creation Confirmation | Nil | — |
| Pledge Invocation | Rs 20 per ISIN | — |
| Failed Transactions | Nil | Not verified |
| Other Charges | Rs 50 per request for additional DIS | — |
| Demat Account Opening | — | ₹0 |
| Transaction Charges (Sell) | — | ₹30 or 0.0002% of transaction value, whichever is higher, plus applicable taxes, as listed for off-market transfers; confirm the applicable delivery DP charge separately |
| Pledge / Unpledge / Closure / Invocation | — | ₹35 plus applicable taxes |
| Physical CMR/DIS | — | First request free; subsequent requests ₹50 plus ₹100 courier charges and applicable taxes |
| Dematerialisation | — | Official fee schedule lists ₹50 per request plus ₹50 per certificate; verify the current tariff |
| Rematerialisation | — | ₹35 per certificate or per 100 shares, whichever is higher, plus applicable charges |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Angel One and Bajaj Broking.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | Generally 100% of the trade value unless an eligible facility applies (1x without borrowing) |
| Equity Intraday | Up to 20% of trade value (Up to 5x) | Depends on the stock, risk controls and applicable exchange margin requirements (Not fixed; depends on available margin) |
| F&O (Eq/Curr/Comm) | 100% NRML (Span + Exposure) (1x) | Exchange-prescribed SPAN and exposure margin requirements apply (Not fixed) |
| Equity Options | — | Depends on the contract, position and applicable margin requirements (Not fixed) |
| Margin Trading Facility (MTF) | — | Subject to eligible securities, funding limits and the applicable plan (Bajaj Broking advertises up to 4x buying power on eligible stocks; actual limits vary) |
Features & account
Account type and feature availability across Angel One and Bajaj Broking.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| 3-in-1 account | ✕ No | ✓ Yes better |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✕ No | ✓ Yes better |
| Trading platforms | Super App, Web, Angel SpeedPro | Bajaj Broking Trading App, Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs. |
| Intraday square-off | 3:15 PM | 3:20 PM |
| Other | Daily/weekly research reports | Margin Trading Facility (MTF) up to 365 days, expert research reports, zero account opening fees. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Angel One and Bajaj Broking.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Trading platforms offered | Angel One Super App, Angel One Trade, Angel SpeedPro | Bajaj Broking Trading App, Bajaj Broking Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs |
| Number of platforms | 3 | 4 more choice |
| Platforms (summary) | Super App, Web, Angel SpeedPro | Bajaj Broking Trading App, Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs. |
| Mobile / desktop apps | Mobile, Web, Desktop | Mobile, Web, Desktop / Trading Terminal, API / Integration |
User ratings
User ratings for Angel One and Bajaj Broking across the key parameters.
| Rated on | Angel One | Bajaj Broking |
|---|---|---|
| Fees | 3 | 4.4 better |
| Brokerage | 3 | 4.3 better |
| Trading platform | 3 | 4.2 better |
| Customer service | 2.5 | 4 better |
| Research | 2.7 | 4.5 better |
| Overall | 3.9 | 4.2 better |
Investment options
Which investment products Angel One and Bajaj Broking let you access.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes | ✓ Yes |
| IPO | ✓ Yes | ✓ Yes |
| Mutual Funds | ✓ Yes | ✓ Yes |
| Bonds / NCD | ✓ Yes | ✓ Yes |
Order types offered
Advanced order types supported by Angel One and Bajaj Broking.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Bracket Order | ✓ Yes better | ✕ No |
| Cover Order | ✓ Yes better | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✕ No | ✓ Yes better |
Safety & credibility
SEBI registration, financial strength and complaint record for Angel One and Bajaj Broking.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| SEBI registration | INZ000161534 | INZ000218931 |
| NSE member code | 12798 | 90177 (NSE member ID) |
| Year of incorporation | 1987 longer track record | 2010 |
| Net worth | ₹4,620.22 Cr | ₹2,037 crore as of December 2025, according to CRISIL Rating stronger |
| Exchange memberships | BSE · NSE · MCX · NCDEX | NSE · BSE · MCX |
| Latest complaint ratio | 0.016% fewer complaints | 0.11% |
Complaints record
Exchange complaint data for Angel One and Bajaj Broking — the ratio matters more than the raw count.
| Parameter | Angel One | Bajaj Broking |
|---|---|---|
| Latest financial year | 2025-26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 67,45,594 larger base | 59,995 |
| Complaints filed | 1,070 | 67 |
| Complaint ratio | 0.016% fewer complaints | 0.11% |
Pros & cons
The main advantages and drawbacks of each broker.
Angel One
▲ Pros
- ✓ Full-service research at flat ₹20 discount-style pricing.
- ✓ Flat fee across segments & exchanges.
- ✓ Free research, advisory and trading tips.
- ✓ Margin trading & securities as collateral available.
- ✓ No charge for NEFT / fund transfers.
- ✓ Local sub-broker / RM support.
▼ Cons
- ✕ Margin funding can be applied without notice.
- ✕ No trading in SME shares.
- ✕ Sales team may cross-sell other products.
- ✕ GTC / GTT order facility not available.
- ✕ Does not offer a 3-in-1 account.
Bajaj Broking
▲ Pros
- ✓ Multiple brokerage plans to suit different trading requirements.
- ✓ ₹10-per-order brokerage advertised for eligible segments under the Professional Pack.
- ✓ Online demat and trading account opening.
- ✓ Access to equity, derivatives, IPOs, mutual funds and bonds.
- ✓ Margin Trading Facility with plan-dependent interest rates.
- ✓ Research-backed stock ideas and market insights.
- ✓ Trading APIs with order-management and market-feed capabilities.
- ✓ Advanced charting, watchlists, screeners and trading tools.
- ✓ Access to investment calculators for brokerage, margin and other financial calculations.
▼ Cons
- ✕ The lowest advertised brokerage requires selecting the applicable paid subscription plan.
- ✕ The Professional Pack has an annual subscription cost.
- ✕ The Freedom Pack's subscription is free for the first year but costs ₹431 annually from the second year.
- ✕ MTF involves interest costs, eligibility requirements and market risk.
- ✕ Brokerage and statutory charges can make the total trading cost higher than the headline per-order fee.
- ✕ Users who rely on API or algorithmic trading may need to understand integration requirements and trading-related risks.
- ✕ Current support response times and service-quality ratings have not been independently verified.
- ✕ Detailed exchange transaction fees should be checked against the current tariff before comparing costs.
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