With a plethora of stockbroking platforms available in the Indian share market, budding investors or traders find it difficult to choose the right broker. Making the right choice between Angel One and Upstox has become a challenging task for many. If you are one of them, this Angel One vs Upstox comparison would help you out. 

To start off, you should know that Angel One is a full-service broker whereas Upstox is counted among the popular discount brokers in India. Now, let’s discuss which is better, Angel One or Upstox, by comparing the two brokers on different parameters. 

Angel One vs Upstox Broker Comparison 

The first step that we need to consider while doing the Angel One and Upstox comparison is studying the company backgrounds of the two brokers. 

Angel One platform came into effect in 1996 and it has grown into a big name enjoying over 1.5 crore clients. Its active client base stands at 4.9 million in total. 

Angel One is a bootstrapped company with FY 23 profit and revenue of ₹890 cr and ₹3001 cr respectively. 

On the other hand, the discount broker Upstox was founded in 2009 and it is in the breakeven state in the FY 2022-23 with its revenue standing at ₹ 1000 Cr. During the FY 2022-23 March quarter, it collected a positive net cash flow of ₹130 Crores. 

 

 

The number of complaints against the stockbroker is an important criterion for doing the comparison between Upstox and Angel One.

Though Angel One received 587 complaints which equated to 0.01% against the active clients, it has resolved 94.71% of received complaints. 

On the contrary, Upstox received just 141 complaints for which the percentage of complaints resolved is 93.61%. 

 

Angel One vs Upstox Charges 

The next yardstick in the Upstox and Angel One comparison guide is analyzing the Upstox vs Angel One charges in different segments. Well, both of these stockbrokers don’t charge any amount to open a demat account. 

What about AMC charges? Upstox doesn’t impose any account maintenance fees at all. However, Angel One offers this service free of cost for the first year but it charges a small amount of ₹20 from the 2nd year onwards. 

See the table below to gain better insights about Angel One vs Upstox charges.

 

Angel One vs Upstox Brokerage Charges 

Brokerage charges levied by the two brokers play a vital role in deciding the overall cost a trader would bear. So, it is a crucial part of the Angel One vs Upstox comparison study. 

In Angel One, there are no equity delivery charges but Upstox equity delivery charges are a minimum of 2.5% or ₹20 per executed order. Remember that the fees for trading vary as per the market segment. 

However, the catch here is to take into consideration the minimum brokerage. This number stands at 0.05% in the case of Upstox and Angel One charges 0.03% as the minimum fee. 

You might not believe but this difference can make a big impact on your overall cost during trading activities. Let’s throw some light on it with an example!

Suppose you decide to participate in intraday trade with a sum of ₹1,00,000 with both brokers. Then, you would pay different charges as per the minimum brokerage charged by the two brokers. Here is the calculation for this:

Angel One Intraday Charges=0.03% of ₹50,000

                                        =₹15

Upstox Intraday Charges=0.05% of ₹50,000

                                        =₹25

Now, you can see the difference in the amount you would have to pay if you choose to trade with Angel One or Upstox. 

Thus, it is crucial for traders to keep in mind the minimum brokerage along with the flat fees charged by the brokers. 

Angel One vs Upstox DP Charges

If you want to do the Angel One and Upstox comparison on the basis of DP charges levied by the two stockbrokers, then Upstox is the winner. 

Why? It’s because this fee stands at ₹20 on company sell in the case of Angel One whereas its value is ₹18.5+GST per scrip. 

 

So, if someone has to make a choice between Angel One vs Upstox based on DP cost, it is wise to go with Upstox.

Angel One vs Upstox Margin Facility Charges 

Traders who want to play a big game and make huge profits often consider the MTF facility offered by stockbrokers. Angel One and Upstox offer the MTF facility on equity trading. The Angel One vs Upstox MTF charges are as follows:

 

Angel One vs Upstox Trading Platforms 

To make the best out of trading activities, it is important for traders to choose a broker providing the best trading platforms. Which is better, Angel One or Upstox, in terms of the trading platforms they offer? 

Well, both brokers offer trading platforms for web, mobile and desktop. Angel One provides Angel One Super app for mobile, Angel Speed Pro for desktop and a web version. 

Similarly, Upstox makes available the web-based application Upstox Pro Web 3.0, Upstox mobile app and desktop application Upstox Pro. 

 

Apart from this, both brokers run educational platforms for trading. You can try exploring Smart Money by Angel One and Uplearn by Upstox to access trading courses to learn different concepts.

Angel One vs Upstox Algo Trading Platforms 

Algo trading is becoming increasingly popular on stockbroker platforms. Investors and traders search for brokers offering algo trading platforms for this purpose. 

Angel One and Upstox offer the facility of Algo trading with the use of Smart API and Upstox API respectively. 

 

Using these APIs, it is possible for users to create a customized trading platform. From accessing the real-time market data to analyzing historical data, everything is possible via these APIs.

Angel One vs Upstox Research and Advisory 

Investment in stock investment is tricky due to market fluctuations. Thus, it is a big challenge for beginners to select the right stocks to gain a good profit. That’s why many stockbrokers offer research and advisory services to their users. 

When you do the Angel One vs Upstox analysis, it is useful to consider the right broker for the stock tips. Simply put, Angel One does provide stock tips and recommendations to its traders. However, you must note that Upstox does not provide such services. 

So, based on this, Angel One is definitely a better choice in comparison to Upstox.

Angel One vs Upstox Account Features 

Whether you should opt for Angel One or Upstox is not to be determined based on the parameters discussed until now. You also need to consider the account features provided by these stockbrokers.

After comparing Angel One and Upstox on this aspect, we found that both Angel One and Upstox provide SMS alerts, guest demos, MTF facility, and a referral program. 

However, Upstox doesn’t provide an online portfolio facility whereas it is available with Angel One.

 

Angel One vs Upstox Customer Support

Another very important point while doing the Angel One vs Upstox comparison is the customer support these brokers offer. Angel One offers its chat box, phone, email and offline support services. On the contrary, Upstox doesn’t offer offline support to its clients.

 

So, Angel One earns more points than Upstox in terms of customer support.

Which is Better: Angel One or Upstox?

Summing up the Angel One vs Upstox debate, it is clear to state that Angel One is better than Upstox on the basis of many pointers discussed above. 

Firstly, it is an older company making a huge profit as compared to the latter. Secondly, it provides more features and services to its clients to help them meet their needs. 

Additionally, the availability of the offline support facility is what makes Angel One better than Upstox. 

To help you out, A Digital Blogger has come up with the rating of both brokers after considering their services, brokerage, research, trading platforms and other features. 

 

Make the right choice of broker out of Angel One and Upstox after considering your trading requirements and goals. 

If you want any help in opening a demat or trading account, you just have to fill in the form with your basic details. We will reach out to you soon to help you with this.