Whenever a person is planning to invest in stocks, it is important to choose the right type of broker for all your transactions. Comparing two renowned stock broker companies, IDBI Capital and Angel Broking, it is also important to look at the similarities of the two so that one can easily choose the right broker.
To choose the right broker, it is important to first know about the type of broker. IDBI Capital and Angel Broking are both full service brokers. Coming on the next step after looking at the type of brokers, it is important to know about the registration charges that these firms charge. IDBI Capital charges Rs. 700 for opening a trading account for online share trading whereas Angel Broking charges Rs. 600 for the same.
The next most important factor for choosing the right company is the brokerage they charge for every transaction. IDBI Capital charges 0.50% of every trade whereas Angel Broking charges 0.01 to 0.04% of every trade. The trading platform for IDBI Capital is Power Pro however for Angel Broking the trading platform is Angel Lite and Speed Pro.
One must closely examine every important factor before choosing the right company for managing a share trading.
|IDBI Capital||Angel Broking|
|Basic Information||Type of Broker||Full Service Broker||Full Service|
|Exchanges||BSE, NSE||BSE, NSE, MCX, MCX-SX|
|Fees for Opening Trading Account||Rs. 700||Rs. 600|
|Annual Maintenance Charges of Trading Account||Nil||Nil|
|Fees for Opening Demat Account||Nil||Nil|
|Annual Maintenance Charges of Demat Account||Rs. 350||Rs. 300|
|Brokerage Charges||Equity Delivery Charges||0.50%||0.1% to 0.4%|
|Equity Intraday Charges||0.08%||0.1% to 0.4%|
|Equity Future Charges||0.08%||0.1% to 0.4%|
|Equity Options Charges||Rs. 100 per lot||Rs. 30 to Rs. 50 per lot|
|Currency Futures Charges||NA||0.1% to 0.4%|
|Currency Options Charges||NA||Rs. 12 to Rs. 15 per lot|
|Commodity Charges||NA||0.1% to 0.4%|
|Minimum Brokerage Charges||Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower||Rs. 0.10 per share|
|Transaction Charges||Equity Delivery||0.00%||0.00%|
|Equity Options||0.051% on Premium||0.05% on Premium|
|Currency Options||NA||0.05% on Premium|
|Commodity||NA||For MCX: 0.0015%, for MCX-SX: 0.0001% & for NCDEX: 0.0030%|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||Power Pro||Angel Lite, Angel Swift, Angel Eye & Speed Pro|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||Y||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||Y|
|Reports||Daily Market Report||Y||Y|
|Quarterly Analysis of Results||Y||Y|