Sharekhan vs Angel One

If you are wondering about the crucial differences between Sharekhan vs Angel One, this guide will help you with essential clarity. In this post, I will explain the various aspects of these two leading trading platforms, including their account opening process, trading applications, charges, investment options, support, and pros and cons. 

Sharekhan and Angel One Company Overview

Sharekhan is a SEBI-registered online broker founded in 2000. The platform is ideal for trading and investing, backed by excellent trading applications, a research team, and customer support. 

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Angel One entered the industry in 1996, formerly called Angel Broking Limited. The SEBI-registered broker lets you pick your preferred investment from various financial instruments. Besides, Angel One is a popular platform for trading.

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Sharekhan and Angel One Account Opening Process

The account opening process is pretty similar in both trading platforms. Both offer customers paperless account opening, meaning you can complete the entire process online. Here are the steps you need to follow to open an account with any of the two trading platforms, Sharekhan or Angel One:

  • First, visit the broker's official website and click Open an account.
  • Next, you need to complete your email and mobile OTP verification.
  • After that, you must fill in personal information like name, email, and occupation.
  • In the next step, you will need to complete your KYC through DigiLocker
  • Next, you need to complete the In-Person Verification process.
  • After that, you must upload copies of your PAN and Aadhaar Card.
  • If you want to activate the F&O segment, you must upload your six months bank statement.
  • Lastly, you will need to eSign your application on the NSDL and complete the Aadhaar OTP verification.
  •  Trading Applications

Sharekhan has decent trading applications across all devices, including Web, Mobile, and Desktop. The applications come with multiple layouts, watchlists, fundamental and technical data, and order types. Besides, the platform has a low bandwidth application. 

Angel One has its trading application across the web, mobile, and desktop. The applications offer decent technical analysis and fast order execution. Customers can create multiple watchlists to track their favorite different stocks and indices. 

Sharekhan vs Angel One Fees & Charges

Next, it's essential to compare the charges of the two trading platforms. Sharekhan allows you to open an account for free. The platform charges a Demat Account Annual Maintenance Charge of ₹400. However, no AMC is charged for the first year. Regarding the brokerage structure, Sharekhan charges 0.10% on the buy side on Equity Cash Intraday trades and 0.50% or ten paise per share or ₹16 per scrip (whichever is higher).

The platform charges 0.10% on the first leg for F&O Trades and 0.10% on Currency and Commodity Futures. It charges 2.50% or ₹30 per lot on the premium (whichever is higher). 

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Angel One doesn't charge you any fee for account opening. The platform charges an AMC of ₹240 from the second year onward. It's time to look at Angel One's brokerage structure. Angel One has ₹0 brokerage charges on Equity Delivery and a flat brokerage charge of ₹20 or 0.25%(whichever is lower) on Equity Intraday, Equity F&O, Currency, and Commodity F&O.

Investment Options

Regarding investment options, both platforms offer customers various financial instruments to choose from. Sharekhan's products comprise Equity, Mutual Funds, IPO, Derivatives, Bonds, and Currency. Angel One allows customers to trade in Stocks, IPO, F&O, Mutual Funds, Commodities, and US Stocks. 

Research & Analysis Tools

Research and analysis tools play a significant role in investing and trading. Unlike other brokers, Angel One offers free advice on stocks and mutual funds. Besides, the platform provides customers with advanced tools to analyze the market, such as advanced calculators and Market Overviews. 

Sharekhan has a slightly different and more comprehensive approach to research and analysis. The platform offers Research for Traders, Research for MF, Research for Investors, the Latest Calls, Research Reports, Newsletter Subscription, and Opportunity of the Day. 

Support

When it comes to technical support, both platforms do an exceptional job. Sharekhan offers users reliable assistance through live chat, email, and phone. Besides, the platform has good online resources and FAQs for quick reference. Angel One provides users with excellent technical assistance through email and phone. Besides, the platform has a helpful Community. Further, the platform has an excellent Knowledge Center and a Blog for quick reference.

Sharekhan vs Angel One Pros & Cons

Sharekhan Pros

  • Free Account opening 
  • Fast and advanced trading applications across all device platforms 
  • Low bandwidth application for slow internet
  • Comprehensive research data for trading and investment
  • Reliable support through live chat, email, and phone

Sharekhan Cons

  • Brokerage charges are high

Angel One Pros

  • Account opening is free
  • ₹0 brokerages on Equity Delivery and minimal brokerage on other segments
  • Different financial instruments comprising Stocks, IPO, F&O, Mutual Funds, Commodities, and US Stocks
  • Powerful market analysis tools and free advisory service on stocks on mutual funds 
  • Highly usable trading applications across mobile, desktop, and web

Angel One Cons

  • GTT order type is missing

Conclusion

Sharekhan and Angel One are two leading names among online brokers in India. Both platforms have been around for a long time and are pretty reliable. I have walked you through some crucial aspects of the two services in this post. I have explained the account opening process, the charges, and the pros and cons of the two services. 

You have seen that both platforms offer excellent trading experience, research and analysis tools, and support. However, the brokerage charges are comparatively higher in Sharekhan than in Angel One. You should now be able to choose between the two depending on your trading and investment requirements. If you need an affordable yet reliable trading platform, you can choose Angel One over Sharekhan.

FAQs

What are the transaction charges involved in trading with Sharekhan? 

Transaction charges may include exchange fees, stamp duty, SEBI charges, and other levies. These charges can vary based on the transaction value and type. 

How can I become a sub-broker with Sharekhan or Angel One? 

To become a sub-broker with either Sharekhan or Angel One, you need to get in touch with their respective representatives or official websites and express your interest. 

Which broker provides better mutual fund investment options? 

Both Sharekhan and Angel One offer a range of mutual fund investment options. However, the choice of the best broker depends on factors like the variety of funds, ease of investing, and additional services provided. It's recommended to compare their offerings to find the one that aligns with your investment goals.

Which discount broker is more suitable for equity intraday trading? 

For equity intraday trading, both Sharekhan and Angel One offer robust platforms and services. It's essential to compare factors like brokerage charges, order execution speed, and research resources to make an informed decision based on your trading preferences.

What products does Sharekhan offer?

Sharekhan offers the following products and services:

  • Equity Trading
  • Derivatives Trading
  • Commodity Trading
  • Currency Trading
  • Mutual Funds
  • Initial Public Offering (IPO)
  • Bonds and Debentures

Does Sharekhan charge trading account opening fee?

The service broker charges a trading account opening fee of ₹400.

Does Angel One offer Currency Options trading?

Yes, Angel One does support Currency Options trading. As a popular online stock brokerage firm, Angel One provides access to various financial instruments, including currency options.

Which one has a better customer service: Sharekhan or Angel One?

When it comes to customer service, both Sharekhan and Angel One do a commendable job is assisting customers.

Which stock broker is considered to have the best trading platform in the Indian stock market?

Several stock brokers in the Indian market offer robust and feature-rich trading platforms. Some popular brokers known for their advanced trading platforms include Zerodha, Sharekhan, ICICI Direct, Upstox, and Angel Broking.

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