All those broker companies are well-known institutions in the financial market. All of them allow a demat account and a trading account to the investor investing in the stock market. Zerodha and Angel Broking have their own specialties but even then when a new investor comes into the stock market, it is not easy for them to decide whether to open their account in Zerodha, Upstox, Angel Broking, Groww or 5Paisa. Therefore, today we are going to tell you about all those competitive companies in this article, which will probably prove to be very helpful for our readers.
Table of Contents
Overview, Charges, Brokerage, Exposure, Research, Trading segment, Customer Service Options, and Features
| Overview | Zerodha | Upstox | Angel Broking | Groww | 5Paisa |
| Types of Broker | Discount broker | Discount broker | Full-service broker | Discount broker | Discount broker |
| Establishment (year) | 2010 | 2012 | 1987 | 2016 | 2015 |
| Number of branches in India | 120 | 4 | 8,500 | 0 | 2 |
| The exchange | BSE , NSE , MCX, MCX-SX | BSE , NSE , MCX, MCX-SX | BSE , NSE , MCX, MCX-SX | BSE, NSE, CSE, MSE, INX | BSE, NSE, MCX-SX |
Charges
| Charges | Zerodha | Upstox | Angel Broking | Groww | 5Paisa |
| Charges for opening a trading account | ₹ 200 (₹ 300 if you want to send the form for opening an account via courier to Zerodha) | ₹150 | ₹0 | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 | ₹450 | ₹20 | ₹300 |
| Charges for opening a demat account | ₹100 | ₹0 | ₹0 | ₹0 | ₹0 |
| Demat account annual maintenance charges | ₹300 | ₹150 | ₹0 | ₹0 | ₹540 |
Brokerage
| Brokerage | Zerodha | Upstox | Angel Broking | Groww | 5Paisa |
| Equity delivery | ₹0 | ₹0 | ₹ 15 if the order value is less than ₹ 50,000, ₹ 30 if the order value is more than ₹ 50,000 | 0.05% or ₹ 20 per trade whichever is lower | ₹10 per executed order |
| Intraday delivery | 0.01% or ₹ 20 per trade whichever is lower | 0.01% or ₹ 20 per trade whichever is lower | ₹ 15 if the order value is less than ₹ 50,000, ₹ 30 if the order value is more than ₹ 50,000 | 0.05% or ₹ 20 per trade whichever is lower | ₹10 per executed order |
| Equity futures | 0.01% or ₹ 20 per trade whichever is lower | 0.01% or ₹ 20 per trade whichever is lower | ₹ 15 if the order value is less than ₹ 50,000, ₹ 30 if the order value is more than ₹ 50,000 | 0.05% or ₹ 20 per trade whichever is lower | ₹10 per executed order |
| Equity options | 0.01% or ₹ 20 per trade whichever is lower | 0.01% or ₹ 20 per trade whichever is lower | ₹ 15 if the order value is less than ₹ 50,000, ₹ 30 if the order value is more than ₹ 50,000 | 0.05% or ₹ 20 per trade whichever is lower | ₹10 per executed order |
| Currency futures | 0.01% or ₹ 20 per trade whichever is lower | 0.01% or ₹ 20 per trade whichever is lower | ₹ 15 if the order value is less than ₹ 50,000, ₹ 30 if the order value is more than ₹ 50,000 | 0.05% or ₹ 20 per trade whichever is lower | ₹10 per executed order |
| Currency options | 0.01% or ₹ 20 per trade whichever is lower | 0.01% or ₹ 20 per trade whichever is lower | ₹ 15 if the order value is less than ₹ 50,000, ₹ 30 if the order value is more than ₹ 50,000 | 0.05% or ₹ 20 per trade whichever is lower | ₹10 per executed order |
| Commodity | 0.01% or ₹ 20 per trade whichever is lower | 0.01% or ₹ 20 per trade whichever is lower | ₹ 15 if the order value is less than ₹ 50,000, ₹ 30 if the order value is more than ₹ 50,000 | 0.05% or ₹ 20 per trade whichever is lower | NA |
| Brokerage calculation | Zerodha Brokerage Calculator | Upstox Brokerage Calculator | Angel Broking Brokerage Calculator | Groww Brokerage Calculator | 5Paisa Brokerage Calculator |
Exposure
| Exposure or Leverage | Zerodha | Upstox | Angel Broking | Groww | 5Paisa |
| Equity | Up to 5 times for intraday | Up to 20 times for intraday | Up to 40 times for intraday, up to 3 times for delivery | Up to 4 times for intraday | Upto 15 times for Intraday & Upto 4 times for Delivery |
| Equity futures | 5 times to 20 times for intraday | Up to 4 times for intraday | Up to 4 times for intraday | Up to 20 times for intraday | Upto 2 times for Intraday |
| Equity options | 5 times to 20 times for intraday | Up to 4 times for intraday | Up to 3 times for intraday, no margin on sales for purchases | Up to 4 times for intraday | Upto 2 times for Intraday |
| Currency futures | Up to 5 times for intraday | Up to 4 times for intraday | Up to 2 times for intraday | Up to 4 times for intraday | Upto 2 times for Intraday |
| Currency options | Up to 5 times for intraday | Up to 4 times for intraday | Up to 2 times for intraday, no margin on sales for purchases | Up to 3 times for intraday | Upto 2 times for Intraday |
| Commodity | Up to 5 times for intraday | Up to 3 times for intraday | Up to 3 times for intraday | Up to 5 times for intraday | NA |
Research
| Research | Zerodha | Upstox | Angel Broking | Groww | 5Paisa |
| Daily market report | ✗ | ✗ | ✓ | ✗ | ✓ |
| Suggestions / Recommendations | ✗ | ✗ | ✓ | ✓ | ✓ |
| Quarterly Analysis | ✗ | ✗ | ✓ | ✗ | ✓ |
| News alert | ✗ | ✗ | ✓ | ✓ | ✓ |
Trading segment
| Trading segment | Zerodha | Upstox | Angel Broking | Groww | 5Paisa |
| Equity | ✓ | ✓ | ✓ | ✓ | ✓ |
| Mutual Funds | ✓ | ✓ | ✓ | ✓ | ✓ |
| IPOs | ✓ | ✗ | ✗ | ✗ | ✓ |
| Currency | ✓ | ✓ | ✓ | ✓ | ✓ |
| Commodity | ✓ | ✓ | ✓ | ✓ |
Customer Service
| Customer Service Options | Zerodha | Upstox | Angel Broking | Groww | 5Paisa |
| Email Support | ✓ | ✓ | ✓ | ✓ | ✓ |
| Live Chat | ✗ | ✗ | ✓ | ✓ | ✗ |
| Phone | ✓ | ✓ | ✓ | ✓ | ✓ |
| Toll Free Number | ✗ | ✗ | ✗ | ✓ | ✗ |
| Offline Branches | ✓ | ✗ | ✓ | ✗ | ✗ |
| Customer Care | Zerodha Customer Care | Upstox Customer Care | Angel Broking Care | Groww Customer Care | 5Paisa Customer Care |
Features
| Features | Zerodha | Upstox | Angel Broking | Groww | 5Paisa |
| Mobile trading | ✓ | ✓ | ✓ | ✓ | ✓ |
| Orders are accepted even after the close of trading | ✓ | ✓ | ✓ | ✗ | ✓ |
| Charting | ✓ | ✓ | ✓ | ✓ | ✓ |
| SMS Alerts | ✗ | ✓ | ✗ | ✓ | ✓ |
| Robo Advisory | ✓ | ✗ | ✓ | ✓ | ✓ |
| Automated trading | ✓ | ✓ | ✗ | ✗ | ✓ |
| Market tips | ✗ | ✗ | ✓ | ✓ | ✓ |
| Margin funding | ✗ | ✗ | ✗ | ✓ | ✓ |
| Relationship | ✗ | ✗ | ✓ | ✗ | ✗ |
| 3 in 1 account | ✗ | ✗ | ✗ | ✗ | ✗ |
| Trading platforms | Zerodha Pie , Zerodha Kite Mobile App , Zerodha Kite, Nest Trader | Upstox Pro , Nest Trader , Upstox Pro Mobile App | Angel Broking App , Angel Broking Trade (Angel Eye), Speed Pro | Groww Mutual Funds, Groww SIP | 5Paisa Trade Station, 5Paisa Trader Terminal, 5Paisa Mobile App |
| Compliant percentage of active customer | 0.02% | 0.04% | 0.03% | 0.01% | 0.06% |
| Overall rating | ★★★★✰ | ★★★✰✰ | ★★★★✰ | ★★★★★ | ★★★★✰ |
If any investor wants to trade in the stock market, then it cannot be traded in the stock market without a stock broker, the broker is the one who trades in the stock market and the stock broker can be any individual person or any company. Today in India, there are many stock broker companies that do brokerage work, but only a few companies with good trust and old companies that provide better service.
Zerodha
Zerodha is India’s largest discount broking service provider of financial services. If seen, Zerodha is the best platform for small investors. Because there is no charge on trade distribution and if you talk about the brokerage rate, then for every transaction i.e. 0.01% of its value or Rs 20 whichever is less will be charged. This means that no matter how big the transaction value is, the maximum order charge will be up to Rs 20 only.
This is the reason that today more than 1.5 lakh business customers are associated with Zerodha and on average, more than 10 thousand crore transactions are done on Zerodha every day. There is also a 60 Day Challenge in which if a trader earns a good profit in a period of 60 days, he will be declared the winner and all the brokerage charges levied on him will be refunded.
Zerodha- 4-star customer ratings
Benefits of Zerodha
Zerodha provides solutions to all the problems of investors and traders in one place. Their website, which runs especially on low internet speed, which is made for the consumer, proves very helpful.
Although, this brokerage has no minimum limit per transaction and there is no brokerage charge on the distribution.
Zerodha provides 4 to 10 times margin (profit) facility and Zerodha also has its own mobile application with which you will be able to trade easily.
Zerodha account fee
Trading Account Open Charge – No fee
Trading Account Maintenance – No Fee
Demat Account Open Charge – Rs 300 (One Time)
Demat Account Maintenance – Rs 300 (Annually)
Upstox
Comes on the list of good companies. And it has more than 5,00,000 customers and is a very toasted company. It provides a lot of services like; Currency Trading, Equity Trading, Commodity Trading, Derivatives Trading.
So if you want to open a demat account to trade in your stock market too, then you can open your trading or demat account with Upstox.
Upstox- 3 star customer ratings
Benefits of Upstox
Upstox allows you to operate at a very low cost.
In this, you can easily open an account in 1-2 days.
Customer support has a wait time of only 30 seconds. So that all customer problems can be resolved immediately.
Speaking of technology, Upstox is the best, which provides a good user experience.
It has a turnover of more than 5000 million rupees a day.
Angel Broking
Angel Broking is India’s oldest brokerage company, with branches in over 900 cities in India. As of today, this company alone is providing financial services to more than 1 million customers in broking. It is also a good company, you can choose for yourself by looking at its service and fees.
Angel Broking- 4 star customer ratings
Benefits of Angel Broking
Likewise, it is a good platform for tracking the portfolio in the market (Realtime Updating Information). Angel Broking also has a mobile app with the help of which you can easily know about your portfolio (investment list) by looking at the current market position, prices and changes.
It also provides all the information and vigilant news of the market.
Angel Broking offers margin up to 10 times the amount you deposit.
Furthermore, you can start your business through digital KYC within 1 hour and with this you will be provided with the service of a free SMS advisor for the first three months.
Angel Broking Account Fees
Trading Account Opening – No Charge
Demat account opening – no fee
Annual Maintenance Charges –
Trading at 10,000 to 24,999 in Angel Classic – Rs 450 a year.
On trading between 25,000 and 49,999 in Angel Preferred – there is no maintenance charge in the first 1 year and 450 rupees every year after that.
Trading from 50,000 to 99,999 in Angel Premier (AP) – there will be no maintenance charges in the first 2 years and Rs 450 every year thereafter.
Also, there is no AMC expense for the first 3 years for trading of Rs 1 lakh or more and thereafter there is an annual charge of Rs 450.
Groww
Groww is a platform where investment is mainly performed in mutual funds. Mutual Fund also has a minimum risk investment option with investors, in which investors get high rate investment returns. As they are risk free and customer support of Groww app is above average, therefore the first name for investment in the market comes as Groww app.
To invest in Groww App, you only have to do EKYC. After EKYC, you can easily start investing in any Mutual Fund.
Groww – 4.5 star customer ratings
Benefits of Groww App
You do not need to go anywhere to use it. You do not need to go to submit your documents. Your home sitting can use it and whatever happens Online will.
You will not get any stop talk in investing through this. You can use it whenever you are free. It is just a matter of having the internet on your phone. If it is, you can invest at any time according to your mind.
It is absolutely safe for you. The company says that you get good protection in it. Because of which your money will be absolutely safe. They also say that your personal information is safe with them.
It is very easy to use. You will not get any trouble in investing with this help of you.
You can invest for free through this app. Which is a very good thing.
5Paisa
5Paisa.com, a unit of IIFL Group, which entered the segment in the early stages of online broking and the stock markets. Canada-based billionaire Prem Watts holds a 31 per cent stake in financial services company IIFL. The company has decided to create and list a separate unit called 5Paisa.com as the concept of stock trading, buying of mutual funds and insurance products is gaining momentum across the country.
On the equity front, 5Paisa compete with top discount brokers including Zerodha, Upstox, Angel Broking, Groww etc.. Apart from this, it also compete with online insurance portals like PolicyBazaar.com and Coverfox.
Conclusion – Which brokerage firm is best?
Most of them provides a first-class service to its investors with a 4-5 stars customer rating and other handy benefits. Zerodha was the top stock brokerage firm in the year 2020. And this company provided the investor with the offer of Zero brokerage account opening. And it has a turnover of 7000 crores a day, due to which the market contributes more than 2% of the turnover. Where the customer support and help assist of Angel Broking and Groww are highly up to the mark. After all, the decision is yours, explore your requirements and better opt for a good brokerage firm.
