angel broking vs sharekhan

Angel Broking vs Sharekhan 2021 (A Complete Comparision)

Angel Broking and Sharekhan, both have 20+ years of industry presence.  

Angel Broking (now Angel One) is a full-service broker with flat brokerages of Rs. 20 per trade on all the segments except equity delivery trades. However, other value-added services are limited to stock research and investment in mutual funds & bonds.

On the other hand, Sharekhan has a full range of research advisory, mutual fund investment, and value-added services like portfolio management. But, the brokerages are higher for volume traders.

For example, if you make 20 trades (buy and sell) for Rs. 10,00,000 in a month then Angel Broking will charge you 20 trades x Rs. 20 per trade = Total brokerage of Rs. 400.

Whereas, Sharekhan will charge Rs. 10,00,000 x 0.50 / 100 = Rs. 5,500. Which is much higher as compared to the brokerage fee of Rs. 400 charged by Angel Broking.

Below is the quick brokerage comparison of both brokers.

Angel Broking vs Sharekhan – Brokerage Comparison 

Brokerage SharekhanAngel Broking (iTrade Prime)
Equity Delivery0.50% (minimum 10 paise per share)Rs. 0
Equity Intraday0.10% (minimum 5 paise per share)Rs. 20 per trade
Equity Futures0.10%Rs. 20 per trade
Currency Futures 0.10% Rs. 20 per trade
Commodity Futures0.10% Rs. 20 per trade
Equity OptionsRs. 100 per lot (2.5% on premium)Rs. 20 per trade
Currency Options2.5% or a minimum of Rs. 30 per lotRs. 20 per trade
Commodity Options2.5% or a minimum of Rs. 30 per lot, maximum brokerage – Rs. 250 per lotRs. 20 per trade

Angel Broking vs Sharekhan – Fee Comparison 

Account Opening SharekhanAngel Broking Charges
Demat AccountRs. 0Rs. 0
Trading AccountRs. 0Rs. 0
Demat AMC FeesFirst Year – Rs. 0

Second-year onwards – Up to Rs. 500
First Year – Rs. 0

Second-year onwards – Rs. 20 per month
Account Type2-in-1 (demat + trading)2-in-1 (demat + trading)

If you are looking for detailed information, continue reading the article to compare both the brokers. 

Angel Broking (Angel One) Demat Account 

angel broking

Angel Broking has over 2.15 million active demat/trading accounts. The company offers broking, advisory services, mutual fund investment, margin funding, and loans against shares.

Angel broking is a full-service broker that offers flat brokerage of Rs. 20 per trade. Let’s discuss that in the next section.

Brokerage Charges

You need to get the iTrade Prime plan to opt for a maximum of Rs. 20 per trade across the trading segment irrespective of the trading volume.

Trading SegmentBrokerage Charges
Equity DeliveryRs. 0
Equity IntradayRs. 20 per trade
Futures – Equity / Commodity / Currency Rs. 20 per trade
Options – Equity / Currency Rs. 20 per order

You have the facility to “Call & Trade” at an additional charge of Rs. 20 per order.

Margin Provided

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
Future & Options(Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Account Opening Charges

Account Opening Angel Broking Charges
Demat accountRs. 0
Trading accountRs. 0
Annual maintenance chargesFirst Year – Rs. 0

Second-year onwards – Rs. 20 per month non-BSDA clients

For BSDA (Basic Services Demat Account) Clients –

– ZERO for holding value less than 50,000
– Rs. 100 per year for holding value Between 50,000 To 2,00,000

Trading Platform

#1. Angel Speed Pro

Angel Speed Pro

Angel Speed Pro is a desktop-based trading platform that needs to be downloaded on your laptop and desktop. 

The best part is that the software can be used on multiple PCs for trading.

Speed Pro provides direct market access along with advanced technical analysis. You can track your portfolio, get instant market news and an option to watch, and update live market data in excel. 

#2. Angel Broking Trade

Angel Broking Trade

Angel Broking Trade is a web-based trading platform.

The unique feature of the platform is that it can be used to manage the wealth/ account of the entire family with a single login. 

The platform has a simplified interface that provides automatic updates of all transactions and also tracks portfolio performance.

#3. Angel Broking App

Angel Broking App

Angel Broking mobile trading app is compatible with iOS and Android smartphones and allows access to markets and charts.

You can also access ledgers, contract notes, P&L statements, and can transfer funds & securities from the app itself. The app has an option to check multiple indexes with real-time prices.

The app can be used to get Angel’s ARQ personal advisory service, live market data, and make UPI-based payments. 

Best For

If you are looking for an advanced trading platform or a mobile app for day trading then you should go with Angel Broking.

You would benefit from the flat brokerage of Rs. 20 per trade and 6-8 times margins for day trading.

Pros 

  • Zero brokerage for delivery trades
  • A fixed brokerage of Rs. 20 per trade
  • Rs. 0 AMC fee for the first year

Cons

  • Rs. 699 trading account opening charges
  • Low margins as compared to other discount brokers
  • Does not discloses margin for BO trades

Also read – Benefits of intraday trading

Sharekhan Demat Account 

Sharekhan Demat Account

Sharekhan is a full-service broker offering customized brokerage services based on individual risk profiles. 

At Sharekhan you have access to:  

  • Stock investment and trading
  • Research and advisory
  • Mutual Fund investment
  • Portfolio management services
  • Creating & backtesting trading strategies
  • Investor education

However, the drawback is that if you are looking for details on margins and brokerages for comparison purposes on the website then probably you will not find it.  

I had a tough time finding all the relevant information but you must know that the brokerages and fees are negotiable at the time of account opening. 

Brokerage Charge

Trading TypeBrokerage Charges
Equity Delivery0.50% (minimum 10 paise per share)
Equity Intraday0.10% (minimum 5 paise per share) 
Equity Futures0.10%
Equity OptionsRs. 100 per lot (2.5% on premium)
Currency Futures0.10% 
Currency Options2.5% or a minimum of Rs. 30 per lot
Commodity Futures0.10% 
Commodity Options2.5% or a minimum of Rs. 30 per lot, 
maximum brokerage – Rs. 250 per lot

Margin Provided

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
Future & Options(Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Account Opening Charges 

Services (CDSL)Scheme A (AMC 400)Scheme B (AMC 500)Scheme B (AMC 350)
Account Opening ChargesNilNilNil
Annual Maintenance Charges (AMC)Rs. 400 p.a.Rs. 500 p.a.Rs. 350 p.a.
Sales – Through SharekhanNilNilRs. 6 per transaction
PurchasesNilNilNil
BrokerageMinimum Brokerage of Rs 21/ Per scrip settlement delivery (sell)Minimum Brokerage of Rs 21/ Per scrip settlement delivery (sell)N.A.
Sales – Not through Sharekhan/ Off market transfer/IDT0.03% of the value of the transaction (Min. Rs.30)0.03% of the value of the transaction (Min. Rs.30)0.03% of the value of the transaction (Min. Rs.30)

Also read – Prostocks Review

Trading Platforms

#1. Sharekhan Website 

Sharekhan Website 

Sharekhan website is a URL-based web trading platform that you can access from the home page itself as indicated above.

The platform lets you trade, track and invest using supportive features such as dashboard, smart search, portfolio tracker, and charts.

#2. Trade Tiger

Trade Tiger

Trade Tiger is a web-based, desktop trading platform. There are two versions of the Trade Tiger trading platform suited to individual and professional traders. 

The technical requirement of both the platform is under: 

ParticularsTrade Tiger BasicTrade Tiger Advanced
For IndividualsProfessional Traders
PC Works on Pentium 4 Processor or lowerWorks on Pentium Dual Core Processor or higher
Operating systemWin 7 & aboveWin 7 & above
ProcessorIntel Dual CoreIntel Dual Core
RAM1GB2GB
Disk Space40 MB1GB

Trade Tiger is among the best trading software in India that gives you advanced charts, filtering options, live streaming of quotes, and analysis options to make easy decisions on stock on a real-time basis.

#3. Sharekhan Mobile App

Sharekhan Mobile App

Sharekhan App consumes low bandwidth and memory space of 7.6 MB for Android devices. The app can be used on the 2G connection also.

One can trade through charts, technical indicators, and flexible search features on mobile.

Sharekhan App is compatible with both Android and iOS devices.

Best For

New traders and individuals who need research advisory and other value-added services and do not mind paying a higher brokerage.

Pros 

  • Wide range of investment services
  • Pan India network of 3200 outlet
  • Insta MF, Investment Cart, and NEO products  

Cons

  • High brokerages
  • Too many trade calls and research advisory

Check out – Best indicators for intraday trading

Conclusion

If you are looking for savings on trading costs with a few advisory services then you should go for Angel Broking.

But if you are looking for some hand-holding, portfolio management service, and do not mind paying additional fees then Sharekhan is a better option for you.