Choosing the right stockbroker can make or break your investing experience. In today’s digital age, you’ve probably come across two giants in the Indian broking space—Zerodha vs Angel One.
Both platforms are packed with features, but which one truly suits your needs?
Whether you’re a beginner or a seasoned trader, this article will walk you through a head-to-head comparison of Zerodha vs Angel One, helping you decide the better fit for your trading goals!
Profile Comparison
When you compare Zerodha vs Angel One at the profile level, you can see clear differences in their origin stories, services, and scale-
| Particulars | Zerodha | Angel One |
| Industry | Financial Services | Financial Services |
| Founders | Nithin Kamath; Nikhil Kamath | Dinesh D. Thakkar |
| Founded in | August 2010 | August 1996 |
| Headquarters | Bengaluru (Karnataka, India) | Mumbai (Maharashtra, India) |
| Number of Branches | 75+ Branches and Partner Offices | 110 Branches with 11,000 trading terminals |
| Services | Equity Trading; Derivatives Trading; Currency Trading; Commodity Trading; Mutual Funds | Portfolio Management; Investment Advisory; Intraday Trading; Trading Account; Portfolio Health Score; Loan Against Shares; DEMAT Account |
| Products | Kite; Coin; Console; Varsity | Equity; Commodities; Derivatives; Currency Trading |
| Exchanges Supported | 5 Exchanges- NSE (National Stock Exchange); BSE (Bombay Stock Exchange); MCS (Multi Commodity Exchange); NCDEX (National Commodity and Derivative Exchange); CDSL (Central Depository Services Limited) | 4 Exchanges- NSE (National Stock Exchange); BSE (Bombay Stock Exchange); MCX (Multi Commodity Exchange); National Commodity and Derivatives Exchange (NCDEX) |
| Desktop & Mobile Trading Platform | Kite | Angel SpeedPro (for Desktop) and Angel One Super App (Mobile) |
| Official Website | https://zerodha.com/ | https://www.angelone.in/ |
| Competitors | Groww, Upstox, Angel One, ICICI Direct, etc. | 5Paisa Capital, Zerodha, Aditya Birla Money, Groww, and Upstox |
Zerodha is the newer player, launched in 2010, but it disrupted the industry with its discount broking model. Angel One, on the other hand, has been around since 1996 and brings decades of legacy and experience.
You’ll notice that while Zerodha focuses on offering a clean, no-frills approach to investing with powerful tools like Kite and Varsity, Angel One provides a more comprehensive set of services, including portfolio advisory, margin funding, and even loans against shares.
If you’re looking for simplicity and cost-efficiency, Zerodha might be more your style. But if you want full-service support and in-depth research, Angel One has the upper hand.
Charges Comparison: Zerodha vs Angel One
Cost matters a lot when you’re trading frequently or investing long-term. Comparing Zerodha vs Angel One on charges, both offer free account openings and zero brokerage on equity delivery—great news for long-term investors like you.
Account Charges
| Segments | Zerodha | Angel One |
| Account Opening | Free (Online) | Free (Online, Offers may vary) |
| Annual Maintenance Charges (AMC) | ₹300/year + GST (non-BSDA demat) | ₹240/year (₹60 + GST/quarter, non-BSDA demat, free for 1st year) |
Equity Charges
| Categories | Sub-Categories | Zerodha | Angel One |
| Equity Delivery | Brokerage | ₹0 | ₹0 |
| STT (Securities Transaction Tax) | 0.1% buy & sell | 0.1% buy & sell | |
| Transaction Charges | NSE 0.00297%, BSE 0.00375% | NSE 0.00297%, BSE as per group | |
| Stamp | 0.015% buy | 0.015% buy | |
| Equity Intraday | Brokerage | 0.03% or ₹20/order (lower) | ₹20/order |
| STT (Securities Transaction Tax) | 0.025% sell | 0.025% sell | |
| Transaction Charges | NSE 0.00297%, BSE 0.00375% | NSE 0.00297%, BSE as per group | |
| Stamp | 0.003% buy | 0.003% buy | |
| Equity Futures | Brokerage | 0.03% or ₹20/order (lower) | ₹20/order |
| STT (Securities Transaction Tax) | 0.02% sell | 0.02% sell | |
| Transaction Charges | NSE 0.00173% | NSE 0.00173% | |
| Stamp | 0.002% buy | 0.002% buy | |
| Equity Options | Brokerage | ₹20/order | ₹20/order |
| STT (Securities Transaction Tax) | 0.05% sell (on premium) | 0.05% sell (on premium) | |
| Transaction Charges | NSE 0.03503% (on premium) | NSE 0.03503% (on premium) | |
| Stamp | 0.003% buy | 0.003% buy |
Currency Charges
| Categories | Sub Categories | Zerodha | Angel One |
| Currency Futures | Brokerage | 0.03% or ₹20/order (lower) | ₹20/order |
| STT (Securities Transaction Tax) | None | None | |
| Transaction Charges | NSE 0.00035%, BSE 0.00045% | NSE 0.00035%, BSE 0.00045% | |
| Stamp | 0.0001% buy | 0.0001% buy | |
| Currency Options | Brokerage | ₹20/order | ₹20/order |
| STT (Securities Transaction Tax) | None | None | |
| Transaction Charges | NSE 0.0311%, BSE 0.001% | NSE 0.0311%, BSE 0.001% | |
| Stamp | 0.0001% buy | 0.0001% buy |
Commodity Charges
| Categories | Sub Categories | Zerodha | Angel One |
| Commodity Futures | Brokerage | 0.03% or ₹20/order (lower) | ₹20/order |
| STT (Securities Transaction Tax) | 0.01% sell (Non-Agri) | 0.01% sell (Non-Agri) | |
| Transaction Charges | MCX 0.0021%, NSE 0.0001% | MCX 0.0021%, NSE 0.0001% | |
| Stamp | 0.002% buy | 0.002% buy | |
| Commodity Options | Brokerage | ₹20/order | ₹20/order |
| STT (Securities Transaction Tax) | 0.05% sell | 0.05% sell | |
| Transaction Charges | MCX 0.0418%, NSE 0.001% | MCX 0.0418%, NSE 0.001% | |
| Stamp | 0.003% buy | 0.003% buy |
Other Segments
| Categories | Zerodha | Angel One |
| Mutual Funds | ₹0 (Direct only) | ₹0 (Direct only) |
| SEBI Charges | ₹10/crore | ₹10/crore |
| GST | 18% on (brokerage + SEBI + txn charges) | 18% on (brokerage + SEBI + txn charges) |
| DP (Demat) Charges | ₹15.34 per scrip on sell | ₹20 per ISIN on sell |
| Call & Trade | ₹50/order | ₹20/order |
| Pledge Charges | ₹30 + GST per ISIN | ₹20 per ISIN |
| Off-market Transfer | ₹25 per transaction | ₹20 per ISIN |
| Delayed Payment Charges | 18% p.a. (0.05% per day) | 0.0342% per day (margin shortfall); 0.049% per day (other) |
The key differences start to show in areas like maintenance charges and call & trade fees. Zerodha’s AMC is slightly higher, and their call & trade charges are more expensive. If you’re someone who often trades via phone or needs support, this could influence your choice.
When it comes to brokerage on intraday, derivatives, commodities, and currency, both Zerodha and Angel One stick to the ₹20/order structure. But minor differences in stamp duties, DP charges, and pledging fees might make Angel One slightly more cost-effective overall, especially if you’re an active trader.
Note: We have also compared the following brokers-
Features Comparison of Zerodha vs Angel One
Here’s where the Zerodha vs Angel One comparison gets really interesting-
| Aspects | Zerodha | Angel One |
| Broker Type | Discount Broker | Full-Service Broker (now offers discount plans) |
| Mutual Funds | Direct mutual funds only (no commission) | Standard mutual funds (regular plans) |
| Research & Advisory | No stock tips or detailed research reports; only basic educational content (Varsity) | Offers free research reports, trading tips, daily/weekly/monthly market reports |
| Margin Trading Facility | Margin against shares (collateral); no margin funding | Margin trading funding and margin against shares available |
| Trading Platforms | Kite Web, Kite Mobile, Coin (MF), Console (back office), APIs (Kite Connect, paid) | Angel One App, Angel Eye (web), Angel SpeedPro (desktop), ARQ, Spark, Bee, free API |
| Algo Trading/API | APIs available (paid, ₹2,000/month) | Free API for algo trading |
| Call & Trade Charges | ₹50 per order | ₹20 per order |
| IPO Application | Supported | Supported |
| NRI Trading | Available (Offline Process) | Available |
| 3-in-1 Account (Bank+Demat+Trading) | Not available | Not available |
| Relationship Managers | Not provided | Provided (dedicated RMs and local sub-brokers) |
| Educational Resources | Extensive (Varsity, Z-Connect blog, webinars) | Training, webinars, hand-holding support |
| Intraday Square-Off Time | Equity Cash: 3:20 PM, F&O: 3:25 PM, Currency: 4:45 PM, Commodities: 25 min before close | 3:15 PM for equity/cash; commodity/currency as per market |
| Referral Program | Yes | Yes |
| Leverage (Intraday) | Up to 5x (20% of trade value) | Up to 5x (20% of trade value) |
| Demat Debit Charges | ₹15.34 per scrip on sell | ₹20 per ISIN on sell |
| Customer Support | Online/email support, no dedicated RM | Online/email support, plus dedicated RM and local support |
Zerodha operates as a discount broker, and it lives up to that promise by offering an extremely streamlined trading experience through its flagship platform, Kite. You also get access to educational resources like Varsity and Z-Connect, which are perfect if you’re eager to learn more about trading and investing.
Angel One, however, goes beyond just trading. You get access to free research reports, relationship managers, margin funding, and powerful platforms like Angel SpeedPro and ARQ.
If you’re looking for an all-in-one investment service with extra hand-holding, Angel One delivers more value. But if you’re the independent type who likes low fees and DIY investing, Zerodha keeps things efficient and professional.
Another important point is algo trading. While Zerodha charges for API access, Angel One offers it for free, making it a better pick if you’re into automated strategies.
Business Comparison: Zerodha vs Angel One
Looking at the business side of Zerodha vs Angel One, you’ll see that Zerodha leads in profitability and user base, even though it’s privately held-
| Business Parameters (FY25) | Zerodha | Angel One |
| Market Valuation | Estimated ~$3.6–$4 bn (as per recent private estimates; not officially disclosed) | ₹20,922 crore (official market cap, May 2025) |
| User Base | 78,88,964 active clients (March 31, 2025) | 75,77,878 active clients (March 31, 2025) |
| Revenue Earned | Not officially disclosed for FY25; FY24 revenue was ₹6,875 crore (FY25 likely similar or slightly lower due to industry slowdown) | ₹3,090 crore for FY25 (as per latest filings and reports) |
| Expenses | Not officially disclosed for FY25; FY24 expenses were approximately ₹2,200 crore (FY25 likely similar) | ₹1,800 crore for FY25 (as per latest reports and filings) |
| Profit/Loss | Estimated profit for FY25: ₹3,500–₹4,000 crore (based on margins and prior years) | ₹1,290 crore profit for FY25 (as per official filings) |
Despite being younger, Zerodha has built a loyal client base through its focus on low-cost investing and a superior tech platform.
Angel One, being a listed company, shows full transparency in its numbers and continues to grow steadily. If you value financial stability and public disclosures, Angel One might feel more reliable. But in terms of raw profits and innovation, Zerodha appears to be in a stronger position, even with slightly fewer branches and physical presence.
Conclusion: Who is the Winner?
So, who wins the Zerodha vs Angel One battle? Well, it depends entirely on your needs!
If you prefer a clean, tech-first approach with minimal costs and don’t require personalized advisory services, Zerodha is an excellent choice. On the other hand, if you want robust research support, a relationship manager, and a more traditional full-service experience with the flexibility of modern tools, Angel One might be a better fit.
Both brokers are great in their own way. Take a closer look at your trading style, support needs, and cost sensitivity, and you’ll know which way to go in the Zerodha vs Angel One showdown!
