Angel Broking and Paytm Money both these platforms are popular among traders. But if you are a beginner or if you want to switch to a new trading platform and you are considering choosing one of these two, and then you came to the right place.
We are going to analyze both of these trading platforms along with some of their pros and cons. So, let us get it started.
Angel Broking is one of the popular full-service brokers which started its journey in the year 1987. Angel Broking offers multiple investments and trading services such as stock and commodity broking, margin funding, investment advisory services, loans against shares, financial products distribution, and so on.
Angel Broking offers several exchanges such as BSE, NSE, MCX, NCDEX, etc. There's no charge to open a trading account in Angel Broking. Angel Broking Demat Account AMC Charges is 450 INR, which will be applicable from the second year. The margin for intraday trading in Angel Broking is 10x.
Paytm Money is a Bangalore-based online discount broker that started its journey in the year 2017. The platform offers various trading and investment services such as Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, IPO, and so on. Paytm Money is a member of both NSE and BSE.
Paytm Money became popular due to its low-cost trading options. It follows a flat fee model. The maximum brokerage fee charged by the broker is 10 INR per trade. It also offers free Equity Delivery trading.
Anyone can open their account by paying 200INR towards the account opening charge. The platform offers zero annual maintenance charges for the Demat account. Paytm Money is available for Android, iOS, and websites.
So we hope you got some basic ideas about Angel Broking and Paytm Money along with some of the pros and cons it has to offer. Both of these platforms are very popular among traders for their services and ease of use of their platforms.
If you are looking for a low-cost trading platform that offers a wide range of services and investment options then Paytm Money is the one to go for. However, if you are looking for a more premium trading platform that offers more functionality and research options, then Angel Broking is the most appropriate one.