If we need to compare two brokers for online share trading, we have to note the type of brokers we will be dealing with. ShareKhan and Angel Broking are both full service brokers. ShareKhan provides services in BSE, NSE, MCX, NSEL and NCDEX whereas Angel Broking in BSE, NSE, MCX and MCX-SX.
The fee charged by ShareKhan to open a trading account is Rs. 750 and the same for Angel Broking is Rs. 600. The maintenance charge for the same is Rs. 450 for the former whereas there is no maintenance charge in Angel broking.
While there is no charge for opening a Demat account, the maintenance of the same is Rs. 400 in ShareKhan and Rs. 300 in Angel Broking.
The equity intraday, equity future charges and currency future charges are at 0.10% in ShareKhan against 0.1% to 0.4% in Angel Broking.
The transaction charges for equity delivery and equity intraday is 0.1% and 0.03% respectively for ShareKhan whereas there is no such charge in Angel Broking.
The trading platform for ShareKhan is Trade Tiger which is comparable to Angel Broking’s Angel Lite, Angel Swift, Angel Eye and Speed Pro.
|Basic Information||Type of Broker||Full Service Broker||Full Service|
|Exchanges||BSE, NSE, MCX, NSEL & NCDEX||BSE, NSE, MCX, MCX-SX|
|Fees for Opening Trading Account||Rs. 750||Rs. 600|
|Annual Maintenance Charges of Trading Account||Rs. 450||Nil|
|Fees for Opening Demat Account||Nil||Nil|
|Annual Maintenance Charges of Demat Account||Rs. 400||Rs. 300|
|Brokerage Charges||Equity Delivery Charges||0.50%||0.1% to 0.4%|
|Equity Intraday Charges||0.10%||0.1% to 0.4%|
|Equity Future Charges||0.10%||0.1% to 0.4%|
|Equity Options Charges||Rs. 100 per lot or 2.5% on premium, whichever is higher||Rs. 30 to Rs. 50 per lot|
|Currency Futures Charges||0.10%||0.1% to 0.4%|
|Currency Options Charges||Rs. 100 per lot or 2.5% on premium, whichever is higher||Rs. 12 to Rs. 15 per lot|
|Commodity Charges||0.10%||0.1% to 0.4%|
|Minimum Brokerage Charges||Rs. 0.10 per share||Rs. 0.10 per share|
|Transaction Charges||Equity Delivery||0.1% from both sides||0.00%|
|Equity Futures||0.17% from selling side||0.00%|
|Equity Options||0.017% on premium from selling side||0.05% on Premium|
|Currency Futures||0.17% from selling side||0.00%|
|Currency Options||0.017% on premium from selling side||0.05% on Premium|
|Commodity||0.00%||For MCX: 0.0015%, for MCX-SX: 0.0001% & for NCDEX: 0.0030%|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||Trade Tiger||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||Y||Y|
|Reports||Daily Market Report||Y||Y|
|Quarterly Analysis of Results||Y||Y|