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 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.
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
The best part about Paytm Money is in the fact that it carries the brand name Paytm. Now while that provides a huge advantage from a branding perspective, whether it is enough from a functional perspective, we’ll see.
Paytm Money is a mutual fund trading app, facilitating payments through net banking, UPI, OTM. However, it launched its discount broking wing sometime back and is planning to expand its user base towards the stock investors and traders. Paytm Money’s target market happens to be one of the largest population demographics, i.e the young and middle aged. With Paytm Money, the company joints it’s easy to use interface with quality and service standards set by Paytm.
All this while it ventures into the mutual fund app space and further diversifying into the stock broking services in India. Paytm is an Indian company, funded by Alibaba and backed by Ratan Tata
Charge | Angel Broking | Paytm Money |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 (Free) |
Trading Acc Opening Charges | ₹600 (One-time) | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
Trading Account AMC | ₹0 | ₹0 (Free) |
Demat Account AMC | ₹450 (from 2nd year onwards) | Annual Platform Fees of Rs.300 |
Charge | Angel Broking | Paytm Money |
---|---|---|
Plan Name | iTrade Prime | Basic Plan |
Equity Delivery | ₹0 | ₹0 |
Equity Intraday | Flat ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Equity Futures | Flat ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Equity Options | Flat ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Currency Futures | Flat ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Currency Options | Flat ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Commodity Options | Flat ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Mutual Fund | N/A | N/A |
Segment | Angel Broking | Paytm Money |
---|---|---|
Equity Delivery | Upto 3x | Upto 4x |
Equity Intraday | Upto 10x | Upto 20x |
Equity Future | Upto 4x | Upto 3x |
Equity Options | 3x for shorting | Upto 5x |
Currency Future | Upto 2x | Upto 2x |
Currency Options | Upto 5x for shorting | Upto 3x |
Commodity Future | 3x | Upto 3x |
Commodity Options | N/A | N/A |