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Angel Broking Vs ICICI Direct
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Angel Broking Vs ICICI Direct comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Angel Broking Vs ICICI Direct Comparison
ICICI direct is a retail trading flagship of ICICI Securities.
With more than 35 lakh customers, ICICI Direct is the biggest retail stock broker company in India. It enjoys the brand equity built by its parent banking brand – ICICI Bank which brings in an instant trust factor among the potential client base.
Angel Broking, a leading full-service stockbroker, has built a brand of its own thanks to its high tech trading platforms and robo advisory services since its inception in 1987. In the year of its existence, even Angel Broking hs done quite a bit in the trading technology space including Angel Broking ARQ, Angel Broking Mobile App, Angel Bee and more.
Full-service brokers such as ICICI Direct, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between ICICI Direct and Angel Broking to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Other Features
Angel Broking Vs ICICI Direct Details
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| ICICI Direct Review | Angel Broking Review | |
| OVERVIEW | ||
| Number of branches across India | 154 | 11,500 |
| Exchanges | BSE, NSE | BSE, NSE, MCX, MCX-SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹700 | ₹450 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
| Transaction Charges | ICICI Direct Transaction Charges | Angel Broking Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.55% | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 |
| Intraday Delivery | 0.275% | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 |
| Equity Futures | 0.03% to 0.05% | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 |
| Equity Options | ₹35 to ₹95 per lot | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 |
| Currency Futures | 0.03% to 0.05% | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 |
| Currency Options | ₹10 to ₹25 per lot | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 |
| Commodity | NA | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 |
| Calculate Brokerage | ICICI Direct Brokerage Calculator | Angel Broking Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 25 times & Delivery upto 5 times | Upto 10 Times for Intraday & 5 Times for Delivery |
| Equity Futures | Upto 4 times for intraday | Upto 2 times for Intraday |
| Equity Options | Upto 4 times for intraday | No Leverage |
| Currency Futures | Upto 4 times for intraday | No Leverage |
| Currency Options | Upto 4 times for intraday | No Leverage |
| Commodities | NA | Upto 2 times for Intraday |
| Margin | Angel Broking Margin | |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | ICICI Direct Research | Angel Broking Research |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity |  | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | ICICI Direct Customer Care | Angel Broking Customer Care |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App | Angel Broking App, Angel Broking Web (Angel Eye), Speed Pro |
| NSE Complaints Percentage* | 0.01% | 0.03% |
| Complaints | ICICI Direct Complaints | Angel Broking Complaints |
| OVERALL RATING |  | |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers. If yes, would you like to share your experience(s) with Angel Broking Vs ICICI Direct for the benefits of other readers? Please feel free to share in the comments below.
Also, if you would like to get started with stock market trading or investments in general, let us assist you in taking the next steps forward:
Feel free to check out the Hindi version of our website as well.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Angel Broking Vs ICICI Direct
Overall Rating
