Angel One
Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. Account opening charge with Angel one is zero while they charge Rs. 240 for annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.
Motilal Oswal
Established in 1987, Motilal Oswal Securities Limited is known for best-in-class trading application, portfolio management and its dedicated customer support. It is one of the oldest stock brokers in India. Being a full service stock broker, Motilal Oswal has been serving since last 30 years with approx 10 lakhs active clients base so far. It has also won best performing Equity Broker by CNBC TV18 financial advisor awards. As of now it enables its customers to trade into equity, intraday trading, derivative trading, commodities, currency, futures and options, IPO, mutual fund and bonds. Other financial products include Gold, Insurance and Fixed Deposits. The brokerage charges of Motilal Oswal are different for different segments. For equity delivery, the brokerage charge is 0.20%. For equity intraday, futures and flat Rs. 20 per lot for equity and currency options. The account opening charge with Motilal Oswal is zero while they charge Rs. 199 for annual maintenance charge.
Details
Particulars |
Angel One |
Motilal Oswal |
Broker Type |
Full Service Broker |
Full Service Broker |
Account Opening |
Free |
Free |
Account Maintenance |
Rs. 240 |
Rs. 199 |
Broker Ratings
Particulars |
Angel One |
Motilal Oswal |
Usability |
3 Star |
4.4 Star |
Charges |
4 Star |
3.5 Star |
Customer Service |
2.5 Star |
3.6 Star |
Product Offerings
Particulars |
Angel One |
Motilal Oswal |
Equity |
Yes |
Yes |
Commodity |
Yes |
Yes |
Futures |
Yes |
Yes |
Options |
Yes |
Yes |
Currency |
Yes |
Yes |
Brokerage Charges
Particulars |
Angel One |
Motilal Oswal |
Equity Delivery |
Zero |
0.20% |
Equity Intraday |
0.25% |
0.02% |
Equity Futures |
0.25% |
0.02% |
Equity Options |
Rs. 20 |
Rs. 20 |
Currency Futures |
0.25% |
Rs. 20 |
Currency Options |
Rs. 20 |
Rs. 20 |
Commodity Futures |
0.25% |
0.025% |
Commodity Options |
Rs. 20 |
Rs. 200 |
Call & Trade |
Rs. 20 |
Free |
Leverage/Margins
Particulars |
Angel One |
Motilal Oswal |
Equity Delivery |
1x |
4x |
Equity Intraday |
4x |
4x |
Equity Futures |
4x |
4x |
Equity Options |
3x/4x |
4x |
Currency Futures |
4x |
4x |
Currency Options |
3x/4x |
4x |
Commodity Futures |
4x |
4x |
Commodity Options |
0x |
4x |
Additional Features
Particulars |
Angel One |
Motilal Oswal |
3 in 1 Account |
No |
No |
Free Trading Calls |
Yes |
Yes |
Free Research Reports |
Yes |
Yes |
SMS Alerts |
Yes |
Yes |
Margin Funding |
Yes |
Yes |
Margin Against Share |
Yes |
Yes |
Other Investment Options
Particulars |
Angel One |
Motilal Oswal |
Mutual Funds |
Yes |
Yes |
Mutual Funds Type |
Regular |
Regular |
IPO Platforms |
Yes |
Yes |
Bond & Debt Instruments |
Yes |
Yes |
Exchange Traded Funds |
Yes |
Yes |
Insurance |
Yes |
Yes |
Angel One
Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. The account opening charge with Angel one is zero while they charge Rs. 240 for the annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.
IIFL
Incorporated in 1995 by Nirmal Jain, India Infoline Finance Limited is a leading stock broker in India. IIFL was the first broker that launched its website in the year 2000 for online trading in India. IIFL is a full-service stock broker. It has 11+ lakh active clients. The Company provides various financial products and services to its customers such as investment in stocks, intraday trading, commodities, currency, mutual fund, bonds, IPO futures and options. In addition to this, the Company also offers Life Insurance, Fixed Deposits and Loans. Currently, the Company has 1.1 million active clients making it one of the largest full-service stock brokers. It offers one simple flat rate brokerage charge i.e. Rs. 20 per transaction irrespective of trade volume and segment including equity delivery. The account opening charge with IIFL Securities is zero while they charge Rs. 250 for the annual maintenance charge. The branches of the Company are not only present across India but abroad as well including Dubai, London, Singapore, Hong Kong, New York, Mauritius Colombo etc.
Details
Particulars |
Angel One |
IIFL |
Broker Type |
Full Service Broker |
Full Service Broker |
Account Opening |
Free |
Free |
Account Maintenance |
Rs. 240 |
Rs. 250 |
Broker Ratings
Particulars |
Angel One |
IIFL |
Usability |
3 Star |
2.7 Star |
Charges |
4 Star |
2.7 Star |
Customer Service |
2.5 Star |
3.1 Star |
Product Offerings
Particulars |
Angel One |
IIFL |
Equity |
Yes |
Yes |
Commodity |
Yes |
Yes |
Futures |
Yes |
Yes |
Options |
Yes |
Yes |
Currency |
Yes |
Yes |
Brokerage Charges
Particulars |
Angel One |
IIFL |
Equity Delivery |
Zero |
Zero |
Equity Intraday |
0.25% |
Rs. 20 |
Equity Futures |
0.25% |
Rs. 20 |
Equity Options |
Rs. 20 |
Rs. 20 |
Currency Futures |
0.25% |
Rs. 20 |
Currency Options |
Rs. 20 |
Rs. 20 |
Commodity Futures |
0.25% |
Rs. 20 |
Commodity Options |
Rs. 20 |
Rs. 20 |
Call & Trade |
Rs. 20 |
Rs. 20 |
Leverage/Margins
Particulars |
Angel One |
IIFL |
Equity Delivery |
1x |
4x |
Equity Intraday |
4x |
20x |
Equity Futures |
4x |
5x |
Equity Options |
3x/4x |
5x |
Currency Futures |
4x |
2x |
Currency Options |
3x/4x |
1x |
Commodity Futures |
4x |
3x |
Commodity Options |
0x |
1x |
Additional Features
Particulars |
Angel One |
IIFL |
3 in 1 Account |
No |
Yes |
Free Trading Calls |
Yes |
Yes |
Free Research Reports |
Yes |
Yes |
SMS Alerts |
Yes |
Yes |
Margin Funding |
Yes |
Yes |
Margin Against Share |
Yes |
Yes |
Other Investment Options
Particulars |
Angel One |
IIFL |
Mutual Funds |
Yes |
Yes |
Mutual Funds Type |
Regular |
Regular |
IPO Platforms |
Yes |
Yes |
Bond & Debt Instruments |
Yes |
Yes |
Exchange Traded Funds |
Yes |
Yes |
Insurance |
Yes |
Yes |
Angel One
Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. The account opening charge with Angel one is zero while they charge Rs. 240 for the annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.
Paytm Money
Incorporated in 2017, Paytm Money is a SEBI-registered wholly-owned subsidiary of One97 Communication Limited which also owns the Paytm Brand. Paytm Money is a discount broking firm, hence it doesn't offer any tips or recommendations on stocks. It has 5+ lakh active clients so far. It offers low brokerage charges as compared to other brokers in the industry. Started with direct mutual funds investment, Paytm Money has now diversified its services to Equity trading, investment in IPO, ETFs, digital gold and futures and options. To compete with other leading brokers, Paytm Money offers free mutual funds investment and redemption. For equity delivery, Paytm Money charges 2.5%, 0.05% for equity intraday, 0.02% for equity futures and flat Rs. 15 per trade for equity options. The account opening charge of Paytm Money is zero and the account maintenance charge is also zero. Paytm has developed its own mobile and web application to access its services.
Details
Particulars |
Angel One |
Paytm Money |
Broker Type |
Full Service Broker |
Discount Broker |
Account Opening |
Free |
Free |
Account Maintenance |
Rs. 240 |
Free |
Broker Ratings
Particulars |
Angel One |
Paytm Money |
Usability |
3 Star |
3.8 Star |
Charges |
4 Star |
3.5 Star |
Customer Service |
2.5 Star |
3 Star |
Product Offerings
Particulars |
Angel One |
Paytm Money |
Equity |
Yes |
Yes |
Commodity |
Yes |
No |
Futures |
Yes |
Yes |
Options |
Yes |
Yes |
Currency |
Yes |
No |
Brokerage Charges
Particulars |
Angel One |
Paytm Money |
Equity Delivery |
Zero |
2.5% |
Equity Intraday |
0.25% |
0.05% |
Equity Futures |
0.25% |
0.02% |
Equity Options |
Rs. 20 |
Rs. 15 |
Currency Futures |
0.25% |
- |
Currency Options |
Rs. 20 |
- |
Commodity Futures |
0.25% |
- |
Commodity Options |
Rs. 20 |
- |
Call & Trade |
Rs. 20 |
- |
Leverage/Margins
Particulars |
Angel One |
Paytm Money |
Equity Delivery |
1x |
1x |
Equity Intraday |
4x |
7.5x |
Equity Futures |
4x |
1x |
Equity Options |
3x/4x |
1x |
Currency Futures |
4x |
- |
Currency Options |
3x/4x |
- |
Commodity Futures |
4x |
- |
Commodity Options |
0x |
- |
Additional Features
Particulars |
Angel One |
Paytm Money |
Paytm Money in 1 Account |
No |
No |
Free Trading Calls |
Yes |
No |
Free Research Reports |
Yes |
No |
SMS Alerts |
Yes |
No |
Margin Funding |
Yes |
No |
Margin Against Share |
Yes |
No |
Other Investment Options
Particulars |
Angel One |
Paytm Money |
Mutual Funds |
Yes |
Yes |
Mutual Funds Type |
Regular |
Direct |
IPO Platforms |
Yes |
Yes |
Bond & Debt Instruments |
Yes |
Yes |
Exchange Traded Funds |
Yes |
Yes |
Insurance |
Yes |
No |
Angel One
Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakh active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. The account opening charge with Angel one is zero while they charge Rs. 240 for the annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.
AxisDirect
Established in 2005, AxisDirect is a full-service broking firm in India. It is the subsidiary of one of the largest private sector banks Axis Bank. It has approximately 4+ lakh, active clients. It provides the facility to invest and trade into equity, intraday trading, mutual funds, IPO, futures, options, bonds, NCD, ETF, and Fixed Deposits. In addition to these services, AxisDirect also offers various types of loans such as Home Loans, Personal Loans, Auto Loans, Loans against Shares, Loans against Property, Loans for SMEs etc. It offers free research reports, webinars and classroom sessions as well. It offers 3-in-1 accounts which include a savings account, demat account and trading account. Based on customers' requirements, AxisDirect offers multiple trading platforms such as Direct Trade( a desktop trading application), Swift Trade, AxisDirect Mobile App and AxisDirect Lite. The charges of AxisDirect are 0.50% per trade for equity delivery, 0.05% per trade for intraday trading, Rs. 25 for options, and 0.03% for futures. The account opening charge with AxisDirect is Rs. 499 and the annual maintenance charge is Rs. 790.
Details
Particulars |
Angel One |
AxisDirect |
Broker Type |
Full Service Broker |
Full Service Broker |
Account Opening |
Free |
Rs. 499 |
Account Maintenance |
Rs. 240 |
Rs. 790 |
Broker Ratings
Particulars |
Angel One |
AxisDirect |
Usability |
3 Star |
3.5 Star |
Charges |
4 Star |
2.5 Star |
Customer Service |
2.5 Star |
4 Star |
Product Offerings
Particulars |
Angel One |
AxisDirect |
Equity |
Yes |
Yes |
Commodity |
Yes |
Yes |
Futures |
Yes |
Yes |
Options |
Yes |
Yes |
Currency |
Yes |
Yes |
Brokerage Charges
Particulars |
Angel One |
AxisDirect |
Equity Delivery |
Zero |
0.50% |
Equity Intraday |
0.25% |
0.05% |
Equity Futures |
0.25% |
0.05% |
Equity Options |
Rs. 20 |
Rs. 25 |
Currency Futures |
0.25% |
0.03% |
Currency Options |
Rs. 20 |
Rs. 25 |
Commodity Futures |
0.25% |
0.03% |
Commodity Options |
Rs. 20 |
Rs. 25 |
Call & Trade |
Rs. 20 |
Free |
Leverage/Margins
Particulars |
Angel One |
AxisDirect |
Equity Delivery |
1x |
4x |
Equity Intraday |
4x |
4x |
Equity Futures |
4x |
4x |
Equity Options |
3x/4x |
4x |
Currency Futures |
4x |
4x |
Currency Options |
3x/4x |
4x |
Commodity Futures |
4x |
4x |
Commodity Options |
0x |
4x |
Additional Features
Particulars |
Angel One |
AxisDirect |
Paytm Money in 1 Account |
No |
Yes |
Free Trading Calls |
Yes |
Yes |
Free Research Reports |
Yes |
Yes |
SMS Alerts |
Yes |
Yes |
Margin Funding |
Yes |
Yes |
Margin Against Share |
Yes |
Yes |
Other Investment Options
Particulars |
Angel One |
AxisDirect |
Mutual Funds |
Yes |
Yes |
Mutual Funds Type |
Regular |
Regular |
IPO Platforms |
Yes |
Yes |
Bond & Debt Instruments |
Yes |
Yes |
Exchange Traded Funds |
Yes |
Yes |
Insurance |
Yes |
Yes |
Angel One
Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakh active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. The account opening charge with Angel one is zero while they charge Rs. 240 for the annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.
Choice Broking
Started in 2010, Choice is a Mumbai- based SEBI-registered full-service broking firm. It is the subsidiary of Choice International Limited, a publicly listed Company. Currently, Choice is serving approximately 300K clients. It is one of those full-service brokers whose brokerage charges are very low compared to other full-service brokers. It provides a wide range of products and services to its clients such as equity, mutual funds, derivatives, currency, commodities, wealth management, portfolio management, loan against share and insurance etc. Choice charges 0.20% for equity delivery, 0.02% for equity intraday and futures, Rs. 25 for equity options, Rs. 10 for currency options and Rs. 100 for commodities options. The account opening charge with Choice is free while the account maintenance charge is Rs. 200. The Company also provides services to NRI trading. So far, the Company has 50+ offices and 1100+ franchises spread across the country.
Details
Particulars |
Angel One |
Choice |
Broker Type |
Full Service Broker |
Full Service Broker |
Account Opening |
Free |
Free |
Account Maintenance |
Rs. 240 |
Rs. 200 |
Broker Ratings
Particulars |
Angel One |
Choice |
Usability |
3 Star |
3.7 Star |
Charges |
4 Star |
3.5 Star |
Customer Service |
2.5 Star |
3 Star |
Product Offerings
Particulars |
Angel One |
Choice |
Equity |
Yes |
Yes |
Commodity |
Yes |
Yes |
Futures |
Yes |
Yes |
Options |
Yes |
Yes |
Currency |
Yes |
Yes |
Brokerage Charges
Particulars |
Angel One |
Choice |
Equity Delivery |
Zero |
0.20% |
Equity Intraday |
0.25% |
0.02% |
Equity Futures |
0.25% |
0.02% |
Equity Options |
Rs. 20 |
Rs. 25 |
Currency Futures |
0.25% |
0.02% |
Currency Options |
Rs. 20 |
Rs. 10 |
Commodity Futures |
0.25% |
0.02% |
Commodity Options |
Rs. 20 |
Rs. 100 |
Call & Trade |
Rs. 20 |
Free |
Leverage/Margins
Particulars |
Angel One |
Choice |
Equity Delivery |
1x |
2x |
Equity Intraday |
4x |
6x |
Equity Futures |
4x |
1.3x |
Equity Options |
3x/4x |
1.3x |
Currency Futures |
4x |
1.3x |
Currency Options |
3x/4x |
1.3x |
Commodity Futures |
4x |
1.3x |
Commodity Options |
0x |
1.3x |
Additional Features
Particulars |
Angel One |
Choice |
Paytm Money in 1 Account |
No |
No |
Free Trading Calls |
Yes |
Yes |
Free Research Reports |
Yes |
Yes |
SMS Alerts |
Yes |
Yes |
Margin Funding |
Yes |
Yes |
Margin Against Share |
Yes |
Yes |
Other Investment Options
Particulars |
Angel One |
Choice |
Mutual Funds |
Yes |
Yes |
Mutual Funds Type |
Regular |
Both |
IPO Platforms |
Yes |
Yes |
Bond & Debt Instruments |
Yes |
Yes |
Exchange Traded Funds |
Yes |
Yes |
Insurance |
Yes |
No |
Angel One
Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakh active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. The account opening charge with Angel one is zero while they charge Rs. 240 for the annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.
Edelweiss
Established in 2008 by Edelweiss group, Edelweiss Broking Limited is a full service broking firm. It is one of the highly rated full service brokers. Currently, the Company is serving 200K+ clients. It provides its customers the facility to invest and trade in equity delivery, intraday, mutual funds, debt, currency, commodities, IPOs, futures and options. The Company charges 0.30% for equity delivery, 0.03% for intraday and equity futures, Rs. 75 for equity options, 0.02% for currency futures, Rs. 20 for currency options and 0.01% for commodities futures. The account opening charge with Edelweiss is free whereas account maintenance charge is Rs. 500. The Company has developed its own trading platform for mobile, web and desktop to access its services. The Company has a strong presence with 475 offices across 200 locations in the country. It has won many national awards such as NDM Awards, ABP BFSI Awards and many more.
Details
Particulars |
Angel One |
Edelweiss |
Broker Type |
Full Service Broker |
Full Service Broker |
Account Opening |
Free |
Free |
Account Maintenance |
Rs. 240 |
Rs. 500 |
Broker Ratings
Particulars |
Angel One |
Edelweiss |
Usability |
3 Star |
3 Star |
Charges |
4 Star |
2.5 Star |
Customer Service |
2.5 Star |
3.7 Star |
Product Offerings
Particulars |
Angel One |
Edelweiss |
Equity |
Yes |
Yes |
Commodity |
Yes |
Yes |
Futures |
Yes |
Yes |
Options |
Yes |
Yes |
Currency |
Yes |
Yes |
Brokerage Charges
Particulars |
Angel One |
Edelweiss |
Equity Delivery |
Zero |
0.30% |
Equity Intraday |
0.25% |
0.03% |
Equity Futures |
0.25% |
0.03% |
Equity Options |
Rs. 20 |
Rs. 75 |
Currency Futures |
0.25% |
0.02% |
Currency Options |
Rs. 20 |
Rs. 20 |
Commodity Futures |
0.25% |
0.01% |
Commodity Options |
Rs. 20 |
- |
Call & Trade |
Rs. 20 |
Free |
Leverage/Margins
Particulars |
Angel One |
Edelweiss |
Equity Delivery |
1x |
4x |
Equity Intraday |
4x |
10x |
Equity Futures |
4x |
10x |
Equity Options |
3x/4x |
0x |
Currency Futures |
4x |
10x |
Currency Options |
3x/4x |
0x |
Commodity Futures |
4x |
3x |
Commodity Options |
0x |
- |
Additional Features
Particulars |
Angel One |
Edelweiss |
Paytm Money in 1 Account |
No |
Yes |
Free Trading Calls |
Yes |
Yes |
Free Research Reports |
Yes |
Yes |
SMS Alerts |
Yes |
Yes |
Margin Funding |
Yes |
Yes |
Margin Against Share |
Yes |
Yes |
Other Investment Options
Particulars |
Angel One |
Edelweiss |
Mutual Funds |
Yes |
Yes |
Mutual Funds Type |
Regular |
Regular |
IPO Platforms |
Yes |
Yes |
Bond & Debt Instruments |
Yes |
Yes |
Exchange Traded Funds |
Yes |
Yes |
Insurance |
Yes |
No |