Zerodha vs Angel One
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Zerodha
VS
Angel One
Zerodha vs Angel One — quick verdict
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.
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.
Company overview
Zerodha is a discount broker incorporated in 2010; Angel One is a full-service broker incorporated in 1987.
| Parameter | Zerodha | Angel One |
|---|---|---|
| Type of broker | Discount Broker | Full-service Broker |
| Exchange membership | NSE · BSE · MCX | BSE · NSE · MCX · NCDEX |
| Year of incorporation | 2010 | 1987 older |
| Number of branches | 0 | 900 wider |
| Active clients | ~1.6 crore larger | 66,84,223 |
Charges & AMC
Account-opening and maintenance charges for Zerodha and Angel One compared side by side.
| Parameter | Zerodha | Angel One |
|---|---|---|
| Trading a/c opening | ₹200 (Online) | ₹0 (Free) |
| Trading a/c AMC | ₹0 (Free) | ₹0 (Free) |
| Demat a/c opening | ₹0 (Free) | ₹0 (Free) |
| Demat a/c AMC | ₹300 | ₹240 lower |
| DP charges (per ISIN, sell) | ₹13.5 + GST per debit lower | ₹20 per debit |
Brokerage charges
How Zerodha and Angel One price each trading segment, per executed order.
| Parameter | Zerodha | Angel One |
|---|---|---|
| Equity Delivery | ₹0 (Free) | ₹20 or 0.1% (lower) |
| Equity Intraday | ₹20 or 0.03% (lower) | ₹20 or 0.1% (lower) |
| Equity Futures | ₹20 or 0.03% (lower) | ₹20 / order |
| Equity Options | ₹20 / order | ₹20 / order |
| Currency F&O | ₹20 or 0.03% (lower) | ₹20 / order |
| Commodity F&O | ₹20 or 0.03% (lower) | ₹20 / order |
| Call & Trade | +₹50/order | +₹20/order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Zerodha and Angel One, per segment.
| Parameter | Zerodha | Angel One |
|---|---|---|
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 |
| Equity Options | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 275 per Cr (on premium) | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 45 per Cr | NSE Rs 35 per Cr (0.00035%) | BSE Rs 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 Zerodha and Angel One — AMC, debit transactions, pledging and remat.
| Parameter | Zerodha | Angel One |
|---|---|---|
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Transaction Charges (Sell) | Rs 13.5 + GST per scrip (per day) | — |
| Annual Maintenance Charges (AMC) | Rs 300 + GST per year (Rs 75 + GST per quarter) | Rs 240 per year (Rs 20 per month) |
| Pledge Creation / Invocation | Rs 30 + GST per request | — |
| Remat | Rs 150 + GST per certificate + CDSL charges | Rs 50 per certificate |
| Failed Transactions | Nil | Nil |
| Transaction Charges (Buy) | — | Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) |
| Demat + Courier charges | — | 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 |
| Other Charges | — | Rs 50 per request for additional DIS |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Zerodha and Angel One.
| Parameter | Zerodha | Angel One |
|---|---|---|
| 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 Zerodha and Angel One.
| Parameter | Zerodha | Angel One |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✕ No | ✓ Yes better |
| Trading in SME shares | ✓ Yes better | ✕ No |
| Trading platforms | Kite, Console, Coin, Kite Connect | Super App, Web, Angel SpeedPro |
| Intraday square-off | 3:20 PM | 3:15 PM |
| Other | GTT orders, Coin (free direct mutual funds), Varsity education. No MTF, Bracket or Cover orders. | Daily/weekly research reports |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Zerodha and Angel One.
| Parameter | Zerodha | Angel One |
|---|---|---|
| Trading platforms offered | Kite, Console, Coin | Angel One Super App, Angel One Trade, Angel SpeedPro |
| Number of platforms | 3 | 3 |
| Platforms (summary) | Kite, Console, Coin, Kite Connect | Super App, Web, Angel SpeedPro |
| Mobile / desktop apps | Web + Mobile, Web, Mobile | Mobile, Web, Desktop |
User ratings
User ratings for Zerodha and Angel One across the key parameters.
| Rated on | Zerodha | Angel One |
|---|---|---|
| Fees | 4.5 better | 3 |
| Brokerage | 4.6 better | 3 |
| Trading platform | 4.6 better | 3 |
| Customer service | 3.8 better | 2.5 |
| Research | 3.6 better | 2.7 |
| Overall | 4.5 better | 3.9 |
Investment options
Which investment products Zerodha and Angel One let you access.
| Parameter | Zerodha | Angel One |
|---|---|---|
| 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 Zerodha and Angel One.
| Parameter | Zerodha | Angel One |
|---|---|---|
| Bracket Order | ✕ No | ✓ Yes better |
| Cover Order | ✕ No | ✓ Yes better |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes better | ✕ No |
Safety & credibility
SEBI registration, financial strength and complaint record for Zerodha and Angel One.
| Parameter | Zerodha | Angel One |
|---|---|---|
| SEBI registration | INZ000031633 | INZ000161534 |
| NSE member code | 13179 | 12798 |
| Year of incorporation | 2010 | 1987 longer track record |
| Net worth | ₹13,000+ Cr stronger | ₹4,620.22 Cr |
| Exchange memberships | NSE · BSE · MCX | BSE · NSE · MCX · NCDEX |
| Latest complaint ratio | 0.030% | 0.016% fewer complaints |
Complaints record
Exchange complaint data for Zerodha and Angel One — the ratio matters more than the raw count.
| Parameter | Zerodha | Angel One |
|---|---|---|
| Latest financial year | 2025-26 | 2025-26 |
| Exchange | NSE | NSE |
| Active clients | 80,12,000 larger base | 67,45,594 |
| Complaints filed | 2,400 | 1,070 |
| Complaint ratio | 0.030% | 0.016% fewer complaints |
Pros & cons
The main advantages and drawbacks of each broker.
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.
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.
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.