Comparison Overview: Upstox vs Angel One
Both Upstox and Angel One are premier choices for active traders in India. Upstox is backed by marquee investors like Ratan Tata and Tiger Global, while Angel One is a publicly listed brokerage giant with over 3 decades of market heritage.
| Feature | Upstox Pro | Angel One SuperApp |
|---|---|---|
| Account Opening | âš0 Free | âš0 Free |
| Annual Maintenance (AMC) | âš0 (Zero Basic Plan) | âš0 1st Year (âš240+GST from 2nd yr) |
| Intraday & F&O Brokerage | Flat âš20 or 0.05% | Flat âš20 or 0.25% |
| Algorithmic Trading | Upstox Developer API | SmartAPI (Free for all users) |
| Referral Reward | Up to âš600* Cash | âš500 Shopping Voucher |
Strengths of Angel One
- Free SmartAPI: Angel One offers free algorithmic trading APIs with Python, NodeJS, and Java SDKs.
- Margin Trading Facility (MTF): Up to 4x leverage on delivery trades with competitive interest rates.
- Robo-Advisory (ARQ Prime): Rule-based automated stock recommendations based on quantitative analysis.
Strengths of Upstox Pro
- Clean Pro Terminal: Lightning-fast charting with order execution straight from TradingView charts.
- Option Chain with Greeks: Real-time Greeks, Open Interest (OI), and PCR analysis built into the mobile app.
- Zero AMC: Zero recurring maintenance charges on standard individual accounts.
Frequently Asked Questions
Both charge flat âš20 per executed order. Active option traders often prefer Upstox for its responsive option chain and Greeks, while algorithmic traders prefer Angel One for its free SmartAPI access.