Home News Angel Vs Sharekhan Comparison both broker on these aspects Charges, Margin, Payout,...

Angel Vs Sharekhan Comparison both broker on these aspects Charges, Margin, Payout, Stock Trading, Demat

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As there are several brokers present in contemporary time, which can put you in a dilemma that is the best to be followed. Here we have tried to compare two reputed brokers, we believe in the end you will be able to distinguish and answer which one is the best?

Both Sharekhan and Angel broker is a full-service broker, who had been working for a long period of time for in the stock market. However the installment timing of both is quite different, but they both have come up with significant progress and earning the faith of people.

Both Brokers work as per the ease of the customers and give hand to hand help throughout the entire process. They provide you services on call and mails, make availability of their in-person representative to customers, and so on. Before traveling through the train of comparison, let’s have a brief introduction of both.

 

Contents

Sharekhan

Sharekhan is the 3rd largest broker of India, that comes after ICICI directs and HDFC Securities. It was established in the second month of 2000. It offers both online and offline services through its website Sharekhan.com and over 1800 offices in 550 cities across the country. The Sharekhan is lately sol out to BNP Paribas for INR 2000 crores.

Angel Broking

Angel broking was incorporated in 1987 and it is known as one of the largest full-service retail brokers in the country. Angel Broking Company provides various services, which include margin funding, financial product distribution, commodity and stockbroking services, loans against shares, investment advisory services, and a large range of investment services. By June 2018, Angel Broking reported more than 110,000 sub-broker offices and 110 branches in 1800+ Indian cities.

Here is the step by step comparison between both the brokers

Overview

Incorporated in the Year?

  • Sharekhan: 2000
  • Angel Broking: 1987

No of Branches across India

  • Sharekhan: 2800
  • Angel Broking: 900

Exchanges

  • Sharekhan: BSE, MCX, NCDEX, NSEL, NSE
  • Angel Broking: BSE, NSE, MCX, MCX-SX

Account Charges

Trading account opening charges

  • Sharekhan: 0
  • Angel Broking: 600

Trading account annual maintenance charges

  • Sharekhan: 0
  • Angel Broking: 450

Demat account opening Charges

  • Sharekhan: 0
  • Angel Broking: 0

Demat Account Maintenance Charges

  • Sharekhan: 400(free for the first year)
  • Angel Broking: 450(free for the first year)

Sharekhan Vs Angel Broking

Minimum Brokerage Charges

  • Sharekhan: Intraday: 5 paise per share | Delivery: 10 paise per share | Future ₹0.001 per share
  • Angel Broking: Equity ₹20 | F&O ₹30

Call & Trade Charges

  • Sharekhan: Rs 20
  • Angel Broking: Additional ₹20 per executed order

Brokerage

Equity Delivery

  • Sharekhan: 5%
  • Angel Broking: 30 if the order value is above 50,000, 15 if the order value is below 50,000

Intraday Delivery

  • Sharekhan: 1%
  • Angel Broking: 30 if the order value is above 50,000, 15 if the order value is below 50,000

Equity Futures

  • Sharekhan: 1%
  • Angel Broking: 30 if the order value is above 50,000, 15 if the order value is below 50,000

Equity options

  • Sharekhan: 100 or 2.5 % on premium
  • Angel Broking: 30 if the order value is above 50,000,  15 if the order value is below 50,000

Currency Futures

  • Sharekhan: 1 %
  • Angel Broking: 30 if the order value is above 50,000, 15 if the order value is below 50,000

Currency Options

  • Sharekhan: 100 or 2.5 % on premium
  • Angel Broking: 30 if the order value is above 50,000, 15 if the order value is below 50,000

Commodity

  • Sharekhan: 1%
  • Angel Broking: 30 if the order value is above 50,000, 15 if the order value is below 50,000

Transaction Charges

Equity Delivery

  • Sharekhan: 0.1% for both the side
  • Angel Broking: 0.00325%

Intraday Delivery

  • Sharekhan: 0.025%
  • Angel Broking: 0.00325%

Equity Futures

  • Sharekhan: 0.0170%
  • Angel Broking: 0.00190%

Equity Options

  • Shrekhan: 0.0170%
  • Angel Broking: 0.05% (on premium)

Currency Futures

  • Sharekhan: 0.0170%
  • Angel Broking: 0.00190%

Currency Options

  • Sharekhan: 0.0170%
  • Angel Broking: 0.05% (on premium)

Commodity

  • Sharekhan: 0.0027%
  • Angel Broking: MCX-SX 0.0001%, MCX 0.00150%, NCDEX 0.00300%

 

Exposure or Leverage

Equity

  • Sahrekhan: 10 times for intraday and up to 5 times for delivery
  • Angel Broking: 10 times for intraday and 3 times for delivery

Equity Future

  • Sharekhan: up to 2 times for intraday
  • Angel Broking: Up to 4 times for intraday

Equity Options

  • Sharekhan: No leverage
  • Angel Broking: 3 times for intraday selling, however, no margin on buying

Currency Futures

            Sharekhan: No leverage

            Angel Broking: Up to 2 times for intraday

Commodities

            Sharekhan: Up to 2 times for commodities

            Angel Broking: Up to 3 times for intraday

 Intraday Square-off Time 

  • Sharekhan: 3:30 pm
  • Angel Broking: 3:15 pm

Sharekhan Vs Angel Broking Order Type Offered

Sharekhan Angel Broking
Bracket Order Yes
No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No

What do they extra provide you?

Following features are available in the both the brokers

  • Daily Market Reports
  • Tips and Recommendations
  • Quarterly Analyses
  • News Alerts
  • Trade Reports
  • P&L Reports
  • Contract Notes
  • Research

Along with the researches, the following Trading Segments are also available in both the Brokers

  • Equity
  • Mutual Funds
  • IPOs
  • Currency
  • Commodity

These customer services are provided by both the brokers

  • Email Support
  • Live Chat
  • Phone
  • Offline Branches

Sharekhan provides Toll-free Number but Angel Broking does not offer this service.

Other Features

  • Sharekhan: Pattern finder, Classroom training
  • Angel Broking: Daily, weekly and monthly reports of Equity, F&O, Commodities, and Currency

Angel Broking customer care number

  • Phone: 022-33551111, 022-42185454
  • MTNL Number: 33 55 111

Sharekhan Customer care number

  • WhatsApp Messaging: 7506651115, 7506651114, 7506651113, 750665112
  • Toll-Free: 1800 22 7500
  • Phone: 022- 33017000
  • Email: myaccount@sharekhan.com
  • Mutual Funds Advisory: 022- 33017000
  • Address: Sharekhan Limited, 10th floor, Betta Buildings, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai-400042, Maharashtra

These Features are available in Both Brokers

  • Mobile trading
  • Orders Accepted After Trading Hours
  • Charting
  • SMS Alerts
  • Brokerage Calculator
  • Margin Calculator
  • Instant Fund withdrawal
  • Robo Advisory
  • Market Tips
  • Margin Funding
  • Relationship managers

These features are NOT available in both the brokers;

  • Customer Training and Education
  • Automated Trading
  • 3 in 1 Account
  • Automated Trading

Trading Platforms are Available

  • Sharekhan: Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini
  • Angel Broking: Angel Broking App, Angel Broking Web (Angel Eye), Speed Pro

Rating and Complaints

Complaints % for active clients

  • Sharekhan: 01%
  • Angel Broking: 03%

Rating

Sharekhan Angel Broking
290 Customer Reviews 199 Customer Reviews
Fees 3.0 3.1
Trading Brokerage 2.8 3.0
Trading Platform Usability 3.7 3.2
Customer Service 3.3 2.7
Research Capabilities 3.0 2.9
Overall Ratings Rated 3.3 stars Rated 2.8 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 290 customer reviews Angel Broking is rated 2.8 of 5 based on 199 customer review

Overall Rating

  • Sharekhan: 4 Stars
  • Angel Broking: 4 Stars

Comparison between Advantages of Sharekhan and Angel Broking

Angel Broking pros (Advantages)

  1. There are no charges on cash-N-delivery and equity delivery
  2. It provides simple flat-free brokerage services in exchanges and segments (BSE, MCX, NSE)
  3. Pay flat ₹20 per executed order across segments including F&O, Equity Intraday, Currency, and Commodity.
  4. Angel Broking allows trade in commodity exchanges as well as in MCX and NCDEX
  5. It offers an easy to use an online platform
  6. Customers can avail of free trading websites, mobile software, and trading terminal.

Sharekhan Pros(Advantages)

  1. Sharekhan has a huge network consisting of 1950 branches across India
  2. No Charges on fund transfer to and from trading accounts
  3. If you are trading to and from the Sharekhan account, the share transfer to and from the trading account is free.
  4. Sharekhan’s The Trade Tiger is very famous across the country.
  5. High volume traders are benefited by the brokerage plan “Prepaid AMC Schemes”
  6. Sharekhan provides stock SIP.
  7. It also offers loan against margin funding, IPO financing, shares, and ESOP funding.

Comparison between the disadvantages of Angel Broking and Sharekhan

Angel Broking cons(Disadvantages)

  1. It charges an extra 20 per executed order for Call & Trade.
  2. It does not provide a 3-in-1 account.

Sharekhan Cons(Disadvantages)

  1. Sharekhan does not provide a 3-in-1 account facility because it does not offer banking services to its customers.
  2. Its Brokerage is very high than the discount brokers
  3. It charges 400 as AMC for a trading account in addition to 400 for the Demat account.