hdfc sky vs. angel one

HDFC SKY vs. Angel One is one of those comparisons many traders and investors are trying to understand. Since HDFC SKY is a new trading platform, it's crucial to compare and see how it performs compared to other leading discount brokers. In this article, I will present a comprehensive comparison between HDFC SKY and Angel One.

Summary:

  • A Demat account holds the financial securities bought in the stock market until they are sold.
  •  A Demat account is combined with a Trading account and a Savings Account.
  •  To use a Demat Account, you need to have experience in technical analysis.
  •  A Savings account is used for savings with no additional experience and can be used for RD and FD.

HDFC SKY vs. Angel One: Overview

HDFC SKY is a new trading platform launched by HDFC Securities this year. The platform is based on a discount broking model. The platform has different financial products, including US Stocks for trading and investment. Besides, the platform comes with good web and mobile applications.

hdfc sky vs. angel one

Angel One is one of the oldest trading and investment platforms, launched in 1996. The platform offers users a wide range of trading and investment products. Besides, Angel One is known for its exceptional research and analysis. Further, the platform comes with good trading applications across all device platforms.

hdfc sky vs. angel one

Angel One is one of the oldest trading and investment platforms, launched in 1996. The platform offers users a wide range of trading and investment products. Besides, Angel One is known for its exceptional research and analysis. Further, the platform comes with good trading applications across all device platforms.

HDFC SKY vs. Angel One: Interface

HDFC SKY comes with a simple and easy-to-use interface, which is way better than that of HDFC Securities. Even beginners should get the hang of it in minutes. Everything is balanced out from market overview, watchlists, and order windows.

Angel One has an intuitive interface as well, and that's one of the reasons for its popularity among traders and investors in India. The platform offers an excellent market overview and research and analysis data. Order management is also simple.

HDFC SKY vs. Angel One: Charges

HDFC SKY doesn't charge any fee for account opening, and besides, the platform doesn't even have any AMC for the first year. However, the platform charges a Demat Annual Maintenance charge of ₹240 from the next year onward.

When it comes to brokerage charges, the platform follows a discount broking model and keeps its brokerage nominal. Here are the brokerage charges of HDFC SKY:

  • Equity (Delivery & Intraday): ₹20 or 0.1% (Whichever is Lower).
  • Futures Intraday and Carry Forward (All Segments): ₹20 or 0.1% (Whichever is Lower).
  • Options Intraday and Carry Forward (All Segments): ₹20 per order.

Angel One is like HDFC SKY regarding account opening charges and AMC. Interestingly, like HDFC SKY, Angel One has zero charges for account opening, and the platform doesn't have any AMC for the first year. Angel One charges an AMC of ₹240 from the next year onward.

It's time to look at the Angel One brokerage charges, and here are the charges:

  • Equity Delivery: ₹0 brokerage charges.
  • Equity Intraday: Flat Rs 20 or 0.25% (whichever is lower).
  • All Segments Futures and Options: Flat Rs 20 or 0.25% (whichever is lower).

While HDFC SKY charges a brokerage fee on Equity Delivery, Angel One has zero charges on Equity Delivery. However, HDFC SKY has a slightly lower brokerage fee compared to Angel One.

HDFC SKY vs. Angel One: Applications

HDFC SKY has fast and highly usable trading applications across web and mobile platforms. The applications come with multiple watchlists, multiple order types, and advanced charting tools, and users can choose between Tradingview and ChartIQ. Besides, the interface is clean, fast and reliable.

hdfc sky vs. angel one

Angel One is one of those trading platforms with the best trading applications. Angel One trading applications come with advanced charting, multiple watchlists, and multiple order types. The broker has good applications across all device platforms, including desktops.

hdfc sky vs. angel one

As you can see Angel One has more applications including desktop software than HDFC SKY. If you need a good desktop software for trading, you must go with Angel One.

HDFC SKY vs. Angel One: Customer Support

HDFC SKY is in its initial stage and has limited customer support, with only tickets and FAQs. However, in times to come, the platform may add more support channels as it begins to grow.

Angel One offers customer support through email and phone. Besides, the platform has good documentation. However, for some reason, many think Angel One customer support is not responsive and needs to improve a lot.

HDFC SKY vs. Angel One: Pros and Cons

HDFC SKY Pros:

  • No account opening charges
  • No AMC for the first year
  • Simple and fast interface
  • Excellent trading applications
  • Advanced charting tools: Tradingview and ChartIQ
  • Multiple order types
  • Financial products include US Stocks

HDFC SKY Cons

  • No Live Chat or Phone Support

Angel One Pros

  • Zero account opening charges
  • Zero AMC for the first year
  • Zero brokerage for the first year
  • Clean and intuitive interface
  • Reliable applications across all device platforms
  • Advanced charting tools
  • Multiple order types
  • Wide range of financial products
  • Excellent research and analysis data

Angel One Cons

  • Customer Support needs to improve

You may also like to read: HDFC SKY vs. Zerodha.

Conclusion

I have explained the various crucial aspects of the two discount brokers. I have walked you through the two platforms' interfaces, charges, trading applications, and customer support. I hope you have gained good clarity about the two platforms after reading this post.

HDFC SKY vs. Angel One: FAQs

What is HDFC SKY, and how does it compare to Angel One?

HDFC SKY is a new trading platform by HDFC Securities, while Angel One is an established trading platform launched in 1996. HDFC SKY has a leading edge over Angel One in terms of pricing since it has comparatively lower brokerage charges than Angel One. 

How does the interface of HDFC SKY compare to Angel One?

HDFC SKY has a user-friendly interface, particularly suitable for beginners. Angel One also offers an intuitive interface known for its popularity among traders and investors.

What are the account opening charges for HDFC SKY and Angel One?

Both HDFC SKY and Angel One offer zero charges for account opening and have no AMC for the first year. From the second year onwards, both charge an AMC of ₹240.

How do brokerage charges differ between HDFC SKY and Angel One?

HDFC SKY follows a discount broking model with nominal brokerage charges. Angel One offers zero brokerage charges for Equity Delivery and has slightly higher charges compared to HDFC SKY for other segments.

What kind of trading applications are available on HDFC SKY?

HDFC SKY provides fast and user-friendly trading applications across web and mobile platforms, featuring multiple watchlists, advanced charting tools, and a choice between Tradingview and ChartIQ.

What features are available in Angel One's trading applications?

Angel One offers advanced charting, multiple watchlists, and multiple order types in its trading applications, available on various device platforms, including desktop.

How is customer support different between HDFC SKY and Angel One?

HDFC SKY, being in its initial stage, currently offers limited customer support through tickets and FAQs. Angel One provides customer support through email and phone but may have room for improvement in responsiveness.

Are there any account maintenance charges for the first year with HDFC SKY or Angel One?

No, HDFC SKY and Angel One do not have any Annual Maintenance Charges (AMC) for the first year after account opening.

What type of financial products does HDFC SKY offer for trading and investment?

HDFC SKY provides various financial products, including US Stocks, for trading and investment.

How is Angel One in terms of research and analysis data?

Yes, Angel One is recognized for its exceptional research and analysis capabilities, making it a popular choice among traders and investors in India. Angel One users have access to research and analysis data for free.

Yes, Angel One is recognized for its exceptional research and analysis capabilities, making it a popular choice among traders and investors in India.

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