Account Opening Fees
| Zerodha | Angel One | MStock |
|---|---|---|
| ₹200 (Equity) + ₹100 (Commodity) | ₹0 (free) | ₹300 (Equity) + ₹150 (Commodity) |
Annual Maintenance Charges (AMC)
| Zerodha | Angel One | MStock |
|---|---|---|
| ₹300/year | ₹0 (free) | ₹500/year |
Brokerage for Equity Delivery
| Zerodha | Angel One | MStock |
|---|---|---|
| ₹0 (free) | ₹0 (free) | ₹10 per trade |
Brokerage for Equity Intraday
| Zerodha | Angel One | MStock |
|---|---|---|
| ₹20 per executed order or 0.03% | ₹20 per executed order | ₹15 per executed order |
Brokerage for Option Trading
| Zerodha | Angel One | MStock |
|---|---|---|
| ₹20 per order | ₹20 per order | ₹25 per order |
Brokerage for Futures Trading
| Zerodha | Angel One | MStock |
|---|---|---|
| ₹20 per order | ₹20 per order | ₹30 per order |
Trading Platforms
| Zerodha | Angel One | MStock |
|---|---|---|
| Kite (web, mobile) | Angel Broking App (web, mobile) | MStock App (web, mobile) |
Customer Support
| Zerodha | Angel One | MStock |
|---|---|---|
| Email, phone (business hours) | Phone, email, chat (business hours) | Email, phone, chat (24/7) |
Investment Options
| Zerodha | Angel One | MStock |
|---|---|---|
| Equity, derivatives, commodities, mutual funds, bonds | Equity, commodities, derivatives, mutual funds | Equity, derivatives, commodities, mutual funds, bonds, IPOs |
Research & Advisory Services
| Zerodha | Angel One | MStock |
|---|---|---|
| Basic charts, data | Detailed research reports, stock recommendations | In-depth research reports, stock recommendations, market insights |
User Interface & Experience
| Zerodha | Angel One | MStock |
|---|---|---|
| Simple, fast interface | Simple, clean design | Modern, user-friendly design |
Additional Features
| Zerodha | Angel One | MStock |
|---|---|---|
| Coin (direct mutual funds), Console (reporting) | Free research reports, algorithmic trading | Research tools, investment advisory services, portfolio management |
Zerodha vs Angel One vs MStock - Overall Summary
| Category | Zerodha | Angel One | MStock |
|---|---|---|---|
| Account Opening Fees | ★★★★☆ | ★★★★★ | ★★★☆☆ |
| Annual Maintenance Charges (AMC) | ★★★☆☆ | ★★★★★ | ★★☆☆☆ |
| Brokerage for Equity Delivery | ★★★★★ | ★★★★★ | ★★★☆☆ |
| Brokerage for Equity Intraday | ★★★★☆ | ★★★★☆ | ★★★★☆ |
| Brokerage for Option Trading | ★★★★☆ | ★★★★☆ | ★★★☆☆ |
| Brokerage for Futures Trading | ★★★★☆ | ★★★★☆ | ★★★☆☆ |
| Trading Platforms | ★★★★☆ | ★★★★☆ | ★★★★☆ |
| Customer Support | ★★★☆☆ | ★★★★☆ | ★★★★★ |
| Investment Options | ★★★★★ | ★★★★☆ | ★★★★★ |
| Research & Advisory Services | ★★★☆☆ | ★★★★☆ | ★★★★★ |
| User Interface & Experience | ★★★★☆ | ★★★★☆ | ★★★★☆ |
| Additional Features | ★★★★☆ | ★★★★☆ | ★★★★☆ |
*Above star rating is just for reference while comparing above brokers with each other. Above rating can be wrong as well and we do not take any liability for same.
Zerodha vs Angel One vs Mstock : Comprehensive Comparison
When it comes to selecting a stockbroker in India, Zerodha, Angel One, and MStock are prominent names that frequently come up. Each offers a unique set of features, fees, and services. To help you make an informed choice, here is a detailed comparison of these three brokers based on various key aspects.
Account Opening Fees
Zerodha charges a fee of ₹200 for equity trading and an additional ₹100 for commodity trading when opening an account. In contrast, Angel One offers free account opening, which can be a significant advantage for cost-conscious investors. MStock, on the other hand, has an account opening fee of ₹300 for equity trading and ₹150 for commodities, making it slightly more expensive compared to Zerodha but still competitive.
Annual Maintenance Charges (AMC)
The annual maintenance charge for Zerodha is ₹300, which is relatively moderate. Angel One stands out by offering a zero AMC, which can lead to considerable savings over time. MStock charges ₹500 per year for AMC, which is higher than both Zerodha and Angel One but still within a reasonable range for the services offered.
Brokerage for Equity Delivery
For equity delivery trades, Zerodha and Angel One both offer a zero brokerage fee. This means that investors can buy and hold shares without incurring any brokerage charges. MStock charges ₹10 per trade for equity delivery, which could be a factor to consider if you plan to frequently trade in equities.
Brokerage for Equity Intraday
When it comes to equity intraday trading, Zerodha charges ₹20 per executed order or 0.03% of the trade value, whichever is lower. Angel One also charges ₹20 per executed order, while MStock’s brokerage fee is ₹15 per executed order. The cost differences can affect the overall profitability of intraday trading, so it is crucial to consider these rates if you engage in high-frequency trading.
Brokerage for Option Trading
For options trading, Zerodha charges ₹20 per order, a standard rate in the industry. Angel One also charges ₹20 per order for options trades, maintaining parity with Zerodha. MStock's brokerage for options trading is ₹25 per order, which is slightly higher than the other two brokers but may come with additional features or services.
Brokerage for Futures Trading
In futures trading, Zerodha charges ₹20 per order, similar to its options trading fee. Angel One also charges ₹20 per order for futures trades, aligning with its options trading fees. MStock, however, has a higher brokerage fee of ₹30 per order for futures trading. This difference might impact your decision depending on your trading volume and strategy.
Trading Platforms
Zerodha offers the Kite platform, available on both web and mobile, which is known for its simplicity and speed. Angel One provides the Angel Broking App, also accessible on web and mobile, featuring a clean design and user-friendly interface. MStock's trading platform is available as the MStock App on both web and mobile, providing a modern and intuitive design. Each platform is tailored to enhance user experience, but the choice may depend on your personal preferences and trading needs.
Customer Support
Zerodha provides customer support via email and phone during business hours. Angel One offers phone, email, and chat support during business hours, providing a more comprehensive range of support options. MStock excels with 24/7 support through email, phone, and chat, ensuring that help is always available when needed.
Investment Options
Zerodha offers a broad range of investment options including equities, derivatives, commodities, mutual funds, and bonds. Angel One provides similar options but excludes bonds, focusing on equities, commodities, derivatives, and mutual funds. MStock stands out by offering equities, derivatives, commodities, mutual funds, bonds, and IPOs, providing a more extensive array of investment choices.
Research & Advisory Services
Zerodha offers basic charts and data for research but does not provide in-depth advisory services. Angel One provides detailed research reports and stock recommendations, which can be valuable for investors seeking guidance. MStock goes further by offering in-depth research reports, stock recommendations, and market insights, catering to investors who require more comprehensive advisory services.
User Interface & Experience
Zerodha’s Kite platform is known for its simple and fast interface, which is appreciated by many traders. Angel One’s platform features a clean and simple design, making it easy for users to navigate. MStock’s modern and user-friendly design ensures an intuitive trading experience, and while each platform has its strengths, user preference may vary based on individual needs and familiarity.
Additional Features
Zerodha offers additional features such as Coin (for direct mutual funds) and Console (for reporting). Angel One provides free research reports and algorithmic trading options. MStock offers a range of additional features including research tools, investment advisory services, and portfolio management, enhancing the overall trading experience.