Angel Broking vs Sharekhan 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 Sharekhan
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan: Overview
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
Angel Broking vs Sharekhan Account Opening Charges: 2024
| Charge | Angel Broking | Sharekhan |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹400 (Free for 1st year with trading account) |
Angel Broking vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | Angel Broking | Sharekhan |
|---|---|---|
| Plan Name | iTrade Prime | Classic Account |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | Flat ₹20 per executed order | 0.10% |
| Equity Futures | Flat ₹20 per executed order | 0.10% |
| Equity Options | Flat ₹20 per executed order | ₹50 per lot |
| Currency Futures | Flat ₹20 per executed order | 0.10% |
| Currency Options | Flat ₹20 per executed order | ₹30 per lot |
| Commodity Options | Flat ₹20 per executed order | 0.03% |
| Mutual Fund | N/A | N/A |
Angel Broking vs Sharekhan Margin / Exposure: 2024
| Segment | Angel Broking | Sharekhan |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 5x |
| Equity Intraday | Upto 10x | Upto 10x |
| Equity Future | Upto 4x | 2x |
| Equity Options | 3x for shorting | Nil |
| Currency Future | Upto 2x | Nil |
| Currency Options | Upto 5x for shorting | Nil |
| Commodity Future | 3x | Upto 2x |
| Commodity Options | N/A | N/A |