With multiple stock brokers available in India, we have compared Indian share brokers Angel One and Sharekhan side by side. This comparison is conducted for easy decision-making based on more than 100 parameters.
These include brokerage plans, Plan types, customer service, maintenance costs, AMC, trading platforms, ratings, reviews, mobile apps, margin/leverage/exposure, Demat accounts, and investment options offered to share brokers in India. It will allow investors to select the finest broker for their needs.
Sharekhan was founded in February 2000, & is the third-largest stockbroker in India (after ICICI Direct and HDFC Securities). Through its online trading platform Sharekhan.com and its 1800 offices, which comprise branches and franchisees in more than 550 locations around India, Sharekhan offers brokerage services. Through its successful online trading platform and the chain of franchisees spread over India, Sharekhan has experienced phenomenal development over the past ten or more years. In the UAE and Oman, Sharekhan is also present internationally.
Sharekhan provides its services to various clients, including NRIs, corporations, institutional clients, and individual investors and traders. Sharekhan has more than 17 lakh customers as of December 2018. On the BSE and NSE, Sharekhan provides trade execution services for the equities cash and derivatives divisions and commodities trading services on the MCX and NCDEX. With Sharekhan, you may also open a Demat account, invest in mutual funds, and buy initial public offerings.
The best investing platform for the Indian stock market is Sharekhan.com. A variety of investment alternatives, share market news, research papers, stock quotations, basic and statistical data on equities, mutual funds, initial public offerings, and much more are offered on the attractive website.
The new Sharekhan App has been updated with customer needs and is user-friendly. Along with its brand-new appearance, it provides a wealth of functionality for investors and traders alike. You may start a transaction effortlessly, monitor your stocks, and manage your portfolio from one location.
For retail investors, Sharekhan also provides “Sharekhan TradeTiger,” one of the most well-liked trading terminals. The Trade Tiger allows regular traders to quickly place, and execute their orders & is pretty comparable to a Broker Terminal. To assist customers with their transactions, it also offers current data and other features on the same screen.
The “ShareMobile” technology from Sharekhan provides trading capabilities via a mobile application. Popular smartphones like the iPhone, iPad, Blackberry, Android, and others have mobile apps accessible.
Sharekhan provides services such as trading in the stock, F&O, and commodities and investments in initial public offerings (IPOs), mutual funds, insurance, bonds, and NCDs. Additionally, the business offers a Sharekhan Demat Account and is registered with NSD and CDS as a depository participant. Sharekhan provides a range of accounts to meet the needs of its customers. Sharekhan First Step, Sharekhan Classic, Sharekhan Trade Tiger, and Portfolio Mgmt Services (PMS) through Sharekhan Platinum Circle are some of these accounts.
Through email, SMS, and Sharekhan.com, Sharekhan’s research teams frequently provide investment advice, stock ideas, quarterly company result analyses, and customer news notifications. Investors of all types can benefit from Sharekhan’s outstanding information centre on its website for the stock and commodity markets. Additionally, it provides free training and seminars to investors in person and online. A Sharekhan representative assists each Sharekhan Account both online and in person.
About Angel Broking
One of the full-service retail brokers in India, Angel One (Angel One) was founded in 1987 and offers online discount brokerage services. The business provides a comprehensive range of trading and investing services, such as stock and commodities broking, investment consulting services, margin lending, loans secured by shares, and distribution of financial products.
As of June 30, 2018, Angel One had 110 branches and 11,000 sub-broker offices spread over 1800+ Indian cities. To compete with affordable stock brokers like Zerodha, Angel One updated its brokerage programmes in November 2019. The “Angel iTrade PRIME” flat-rate brokerage plan is now available from Angel One. Except for equity delivery, which is free to all customers, this plan enables trading in all sectors (intraday, F&O, currencies, and commodities) at a flat rate of Rs 20 per deal. All exchanges and segments use the same standard rate.
Angel One is renowned for its top-notch trading platforms and investing counsel. Angel is the first sizable full-service broker to give its clients discounted brokerage prices.
The “Angel iTrade” trading plan from Angel One is the only one they provide. In line with budget stock brokers in India, this online trading plan offers full-service brokerage services for incredibly inexpensive brokerage fees. Premium brokerage services are available through Angel iTrade for a straightforward flat cost. There are no extra fees associated with this plan other than the Rs 20 call & trade expenses. Comparing this trading strategy to other full-service brokers like Sharekhan, Geojit, and ICICI Direct, brokerage and tax savings range from 60% to 90%.
Angel Broking Vs Sharekhan
Both brokers provide investments in equity, F&O, currency, and commodities and are registered with SEBI. While Sharekhan’s commission is between 0.1 and 0.5%, Angel One’s fee starts at Rs 20. Full-service brokers describe both brokers. In general, Angel One has a better rating than Sharekhan. Angel One has a rating of 4.5 out of 5, whereas Sharekhan only has a rating of 4. There are 7,71,090 active Angel One subscribers compared to 41,11,606 active Sharekhan consumers. Compared to Angel One, Sharekhan serves a number of clients.
|RMS Square Off Charge||₹20/ Order||₹0 (Free)|
|API Charges||API free||₹0 (Free)|
|Call & Trade Charges||₹20/ Order||₹0 (Free)|
|Other Brokerage Charges||₹20/ Order or 0.25% (Whichever is lower)||₹1,00,000/ Year|
|Minimum Brokerage||₹20/ Order or 0.25% (Whichever is lower)||0.10%|
|Commodity Futures||₹20/ Order or 0.25% (whichever is lower)||0.03% per transaction value|
|Currency Futures||₹20/ Order or 0.25% (whichever is lower)||0.03% per transaction value|
|Equity Delivery||₹ 0||0.30% on market rate or minimum 10 paisa per share|
|Equity Options||₹20/ Order or 0.25% (whichever is lower)||₹60/ Lot|
|Commodity Options||₹20/ Order or 0.25% (whichever is lower)||₹60/ Lot|
|Equity Futures||₹20/ Order or 0.25% (whichever is lower)||0.03% per transaction value|
|Currency Options||₹20/ Order or 0.25% (whichever is lower)||₹20/ Lot|
|Fixed Charges||₹20/ Order or 0.25%||₹1,00,000/ Year|
|Equity Intraday||₹20/ Order or 0.25% (whichever is lower)||0.03% per transaction value|