Upstox Vs Angel One: Company Overview
Upstox was launched in 2009, and the platform has emerged as one of the most reliable online trading and investing platforms in India. Upstox is SEBI-registered and has products comprising Stocks, IPOs, Mutual Funds, and Derivatives. The platform has applications for mobile and web device platforms with advanced features for trading and investing. Most importantly, Upstox has the industry's most reliable customer support teams to assist users.
Angel One entered the industry in 1996 and is ranked among India's most reliable online brokers. The SEBI-registered brokers allow customers to invest in Stocks, Futures & Options, IPOs, Mutual Funds, Commodities, ETFs, US Stocks, and Bonds. The platform is also known for its excellent trading applications and free advisory services.
Upstox Vs Angel One: Charges
Upstox Account Opening Charges & AMC
Account opening is free of cost in Upstox, and besides, the platform doesn't charge any fee for Demat Account Annual Maintenance. It certainly gives Upstox a leading edge over those online platforms that charge high account opening charges and AMC, like ICICIdirect, and HDFC Securities.
Upstox Brokerage Charges
Since Upstox is a discount broker, it keeps its brokerage model minimal, much like other leading discount brokers like Zerodha. Here is the brokerage structure of Upstox:
- ₹20 or 2.5% (whichever is lower) per order on Equity Delivery
- ₹0 brokerage Charges on Mutual Funds
- ₹20 or 0.05% (whichever is lower) on Equity Intraday, F&O, Currency, and Commodity
Angel One Account Opening Charges & AMC
Like Upstox, Angel One allows its customers to open an account for ₹0 charges. However, customers have to pay an annual fee for Demat Account Maintenance. The platform doesn't charge users any AMC for the first year, and from the second year onward, it charges an AMC of ₹240 per year.
Angel One Brokerage Charges
Angel One comes with low brokerage charges for all segments. Here are Angel One's brokerage charges:
- No brokerage charges for Equity Delivery
- Flat ₹20 or 0.25% (whichever is lower) for Equity Intraday, and all segments F&O
Upstox Vs. Angel One: Trading Platforms
Upstox Pro Web
Upstox Pro Web is ideal for anyone who wants to trade using one's laptop or PC and is a web application with a whole lot of advanced features for trading and investment. The interface is exceptionally beginner-friendly. At the same time, the Upstox Pro Web has a feature-rich interface characterized by a comprehensive market overview, advanced charting tools like Tradingview, and ChartIQ, advanced order types like GTT, and multiple watchlists.
Further, Upstox Pro Web has dedicated features for Options traders, such as Ready-made Options Strategies, Sensibull Integration for backtesting Options strategies, and OI data.
Upstox Pro Mobile app
Upstox Pro Mobile app lets you trade from your smartphone and is available as Android and iOS apps. The app is ideal for both trading and investing. Upstox has incorporated an interesting feature in its latest app – it lets you toggle between Trading and Investing. That way, you can have the ideal dashboard for Trading or Investing as per your needs. The mobile has all the essential trading features such as advanced charting tools, different indicators, Ready-made Options Strategies, Options charts, advanced order types like GTT, multiple timeframes, and multiple layouts.
Angel One Trade
Angel One Trade is ideal for those who want to trade from their laptops or PC. The application is fast and comes with many advanced trading features, including multiple watchlists, advanced charting tools, multiple order types, and multiple timeframes.
As far as the charting tools go, Angel One lets you choose between Tradingview and ChartIQ.
Angel One SpeedPro
Angel One SpeedPro is a desktop software that you can install on your PC or laptop. The software comes with all comprehensive features, including charting tools, multiple watchlists, multiple order types, market overview, and more. Besides, the interface is fast and friendly.
Angel One App
Angel One App is Angel One's mobile app, which is available on Android and iOS platforms. The app is fast, secure, and has all features that are available in the Angel One Trade app. Most importantly, it's easy to use and offers an excellent market overview.
Angel ARQ Prime
Angel ARQ Prime is Angel One's application for rule-based investments. The application aims to make investments easy and profitable for all levels of investors. Besides, it puts a lot of emphasis on making investments risk-free, and one way it does it is by cutting losses early. Again, the application has a proven track record of over 100% return in 11 months.
Upstox Vs Angel One: Pros and Cons
Upstox Pros & Cons
| Pros | Cons |
| No fee is charged on account opening | Equity Delivery is not brokerage-free |
| No charges for Demat Account Maintenance | |
| Leverage trading available on Equity Intraday | |
| Advanced order type like GTT allows you to place target and stop loss orders simultaneously | |
| Read-made Options Strategies and Sensibull integration | |
| Tradingview and ChartIQ charting tools Excellent customer support |
Visit Upstox.com for current pricing
Or Read our full review on Upstox
Angel One Pros & Cons
| Pros | Cons |
| Account opening is free | Customer support is not very reliable |
| Various financial products | |
| ₹0 charges on Equity Delivery | |
| Minimal charges on other segments | |
| Excellent trading applications across all devices platforms | |
| Free advisory tips |
Visit AngelOne.in for current pricing
Or Read our full review on Angel One
My Personal Experience with Upstox and Angel One
It's finally time to share some experiences that I had while using these trading platforms. I have used Upstox for about two years and never really had any issues with it. I must admit that Upstox has one of the finest customer support teams. You need to be cautious while using Upstox Pro mobile app because when you use the app for the first time, the order review option remains enabled.
The problem you can have with this feature enabled is that you will not be able to punch your order in one go since you will be asked to review the order. It can be the biggest hurdle sometimes, as you may not get your desired buy price because of this delay in the middle. Hence, you can get to the settings and then profile. Next, you can look for this option, and after you find it, you can disable it. Besides, I feel placing an order with Upstox takes more time than in Zerodha. Hence, Upstox needs to put some effort on making order placements quick.
I don't use Angel One now, but I used it in the past. As far as my experiences with Angel One go, I haven't had any issues with Angel One except for the fact that the customer support is less responsive, and it's hard to contact them since it takes a long waiting time.
Conclusion
I have explained the various aspects of the two Trading platforms. As you have seen in the post, Upstox and Angel One are reliable trading platforms. Both come with reliable trading applications. However, Upstox has some advantages over Angel One since it doesn't charge any account opening fee and AMC. Besides, Upstox has the industry's best customer support teams, while Angel One still needs to improve its customer support service. Hence, I will recommend Upstox over Angel One.
