Angel One vs Zerodha
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Angel One
VS
Zerodha
Angel One vs Zerodha — 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 Zerodha if
You want low-cost, self-directed trading
India's largest discount broker — ₹0 equity delivery, flat ₹20 intraday/F&O and the clean, reliable Kite platform.
Company overview
Angel One is a full-service broker incorporated in 1987; Zerodha is a discount broker incorporated in 2010.
| Parameter | Angel One | Zerodha |
|---|---|---|
| Type of broker | Full-service Broker | Discount Broker |
| Exchange membership | BSE · NSE · MCX · NCDEX | NSE · BSE · MCX |
| Year of incorporation | 1987 older | 2010 |
| Number of branches | 900 wider | 0 |
| Active clients | 66,84,223 | ~1.6 crore larger |
Charges & AMC
Account-opening and maintenance charges for Angel One and Zerodha compared side by side.
| Parameter | Angel One | Zerodha |
|---|---|---|
| Trading a/c opening | ₹0 (Free) | ₹200 (Online) |
| Trading a/c AMC | ₹0 (Free) | ₹0 (Free) |
| Demat a/c opening | ₹0 (Free) | ₹0 (Free) |
| Demat a/c AMC | ₹240 lower | ₹300 |
| DP charges (per ISIN, sell) | ₹20 per debit | ₹13.5 + GST per debit lower |
Brokerage charges
How Angel One and Zerodha price each trading segment, per executed order.
| Parameter | Angel One | Zerodha |
|---|---|---|
| Equity Delivery | ₹20 or 0.1% (lower) | ₹0 (Free) |
| Equity Intraday | ₹20 or 0.1% (lower) | ₹20 or 0.03% (lower) |
| Equity Futures | ₹20 / order | ₹20 or 0.03% (lower) |
| Equity Options | ₹20 / order | ₹20 / order |
| Currency F&O | ₹20 / order | ₹20 or 0.03% (lower) |
| Commodity F&O | ₹20 / order | ₹20 or 0.03% (lower) |
| Call & Trade | +₹20/order | +₹50/order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Angel One and Zerodha, per segment.
| Parameter | Angel One | Zerodha |
|---|---|---|
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) |
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) |
| Equity Futures | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
| Equity Options | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 275 per Cr (on premium) |
| Currency Future | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | NSE Rs 90 per Cr (0.0009%) | BSE Rs 45 per Cr |
| 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 Zerodha — AMC, debit transactions, pledging and remat.
| Parameter | Angel One | Zerodha |
|---|---|---|
| Demat Account Opening Charges | Rs 0 (Free) | 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) | Rs 300 + GST per year (Rs 75 + GST per quarter) |
| Demat + Courier charges | Rs 50 per certificate | — |
| Remat | Rs 50 per certificate | Rs 150 + GST per certificate + CDSL charges |
| 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 | Nil |
| Other Charges | Rs 50 per request for additional DIS | — |
| Transaction Charges (Sell) | — | Rs 13.5 + GST per scrip (per day) |
| Pledge Creation / Invocation | — | Rs 30 + GST per request |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Angel One and Zerodha.
| Parameter | Angel One | Zerodha |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | Up to 20% of trade value (Up to 5x) | Up to 20% of trade value (Up to 5x) |
| F&O (Eq/Curr/Comm) | 100% NRML (Span + Exposure) (1x) | 100% NRML (Span + Exposure) (1x) |
Features & account
Account type and feature availability across Angel One and Zerodha.
| Parameter | Angel One | Zerodha |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes better | ✕ No |
| Trading in SME shares | ✕ No | ✓ Yes better |
| Trading platforms | Super App, Web, Angel SpeedPro | Kite, Console, Coin, Kite Connect |
| Intraday square-off | 3:15 PM | 3:20 PM |
| Other | Daily/weekly research reports | GTT orders, Coin (free direct mutual funds), Varsity education. No MTF, Bracket or Cover orders. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Angel One and Zerodha.
| Parameter | Angel One | Zerodha |
|---|---|---|
| Trading platforms offered | Angel One Super App, Angel One Trade, Angel SpeedPro | Kite, Console, Coin |
| Number of platforms | 3 | 3 |
| Platforms (summary) | Super App, Web, Angel SpeedPro | Kite, Console, Coin, Kite Connect |
| Mobile / desktop apps | Mobile, Web, Desktop | Web + Mobile, Web, Mobile |
User ratings
User ratings for Angel One and Zerodha across the key parameters.
| Rated on | Angel One | Zerodha |
|---|---|---|
| Fees | 3 | 4.5 better |
| Brokerage | 3 | 4.6 better |
| Trading platform | 3 | 4.6 better |
| Customer service | 2.5 | 3.8 better |
| Research | 2.7 | 3.6 better |
| Overall | 3.9 | 4.5 better |
Investment options
Which investment products Angel One and Zerodha let you access.
| Parameter | Angel One | Zerodha |
|---|---|---|
| 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 Zerodha.
| Parameter | Angel One | Zerodha |
|---|---|---|
| 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 Zerodha.
| Parameter | Angel One | Zerodha |
|---|---|---|
| SEBI registration | INZ000161534 | INZ000031633 |
| NSE member code | 12798 | 13179 |
| Year of incorporation | 1987 longer track record | 2010 |
| Net worth | ₹4,620.22 Cr | ₹13,000+ Cr stronger |
| Exchange memberships | BSE · NSE · MCX · NCDEX | NSE · BSE · MCX |
| Latest complaint ratio | 0.016% fewer complaints | 0.030% |
Complaints record
Exchange complaint data for Angel One and Zerodha — the ratio matters more than the raw count.
| Parameter | Angel One | Zerodha |
|---|---|---|
| Latest financial year | 2025-26 | 2025-26 |
| Exchange | NSE | NSE |
| Active clients | 67,45,594 | 80,12,000 larger base |
| Complaints filed | 1,070 | 2,400 |
| Complaint ratio | 0.016% fewer complaints | 0.030% |
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.
Zerodha
▲ Pros
- ✓ Free (₹0) equity delivery investing.
- ✓ Clean, fast and reliable Kite web & mobile platform.
- ✓ GTT (Good Till Triggered) orders and Coin for free direct mutual funds.
- ✓ Strong educational content through Varsity.
- ✓ India's largest retail broker — bootstrapped, profitable and debt-free.
- ✓ Transparent flat pricing with no hidden charges.
▼ Cons
- ✕ No MTF / margin funding (pay-later) facility.
- ✕ No 3-in-1 account and no Bracket or Cover orders.
- ✕ No in-house stock research, tips or relationship manager.
- ✕ Support is largely ticket-based; no branch network.
- ✕ ₹200 account opening charge and ₹50 Call & Trade fee.
- ✕ Occasional load on the platform during high-volatility sessions.
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.