Angel Broking vs IDBI Direct 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 IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Angel Broking vs IDBI Direct Account Opening Charges: 2024
| Charge | Angel Broking | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹450 p.a. |
Angel Broking vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Angel Broking | IDBI Direct |
|---|---|---|
| Plan Name | iTrade Prime | Standard Plan |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | Flat ₹20 per executed order | 0.05% |
| Equity Futures | Flat ₹20 per executed order | 0.05% |
| Equity Options | Flat ₹20 per executed order | ₹100 per lot |
| 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 IDBI Direct Margin / Exposure: 2024
| Segment | Angel Broking | IDBI Direct |
|---|---|---|
| Equity Delivery | Upto 3x | Nil |
| Equity Intraday | Upto 10x | Upto 4x |
| Equity Future | Upto 4x | Nil |
| Equity Options | 3x for shorting | Nil |
| 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 |