Angel Broking vs Groww Comparison: 2024
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
About Groww
Groww is a leading mutual fund investment platform now widening its wings into the stock investing world as well. So, here we'll have an exclusive Groww Review covering its features, types of Demat account, brokerage plans and much more.
Brokerage firms offer various plans and services to make life in trading as seamless as possible. But for those who are willing to avail these have to open a Demat and trading account. For the same, choosing the appropriate stock broker is very essential. Groww is one of the many stock brokerage firms that offer stock trading opportunities. Let’s have a brief overview of the company and the trading and Demat account it provides.
Groww: A Quick Review
Groww initially started as a mutual fund investment platform and was launched in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company offers trading or investment opportunities in mutual funds and
Angel Broking vs Groww Account Opening Charges: 2024
| Charge | Angel Broking | Groww |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹200 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹300 p.a. (wherein ₹25 charged quarterly) |
Angel Broking vs Groww Brokerage Charges and Plans : 2024
| Charge | Angel Broking | Groww |
|---|---|---|
| Plan Name | iTrade Prime | Standard Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | Flat ₹20 per executed order | ₹20 or 0.01% of executed order value |
| Equity Futures | Flat ₹20 per executed order | N/A |
| Equity Options | Flat ₹20 per executed order | N/A |
| Currency Futures | Flat ₹20 per executed order | N/A |
| Currency Options | Flat ₹20 per executed order | N/A |
| Commodity Options | Flat ₹20 per executed order | N/A |
| Mutual Fund | N/A | N/A |
Angel Broking vs Groww Margin / Exposure: 2024
| Segment | Angel Broking | Groww |
|---|---|---|
| Equity Delivery | Upto 3x | N/A |
| Equity Intraday | Upto 10x | N/A |
| Equity Future | Upto 4x | N/A |
| Equity Options | 3x for shorting | N/A |
| Currency Future | Upto 2x | N/A |
| Currency Options | Upto 5x for shorting | N/A |
| Commodity Future | 3x | N/A |
| Commodity Options | N/A | N/A |