Upstox or Angel one: Which is Better?

In 2025, Upstox and Angel One are two of the best stockbrokers in India. They both offer discount broking, but they do it better in some ways than others. I have used both platforms a lot, so here is a full comparison of their prices, features, ease of use, and customer service to help you choose the best one for your needs.

Upstox and Angel One are both well-known Indian discount brokers that have millions of users. In 2025, they all offer strong mobile and web trading platforms, reasonable fees, and safety from the government. But which platform has the best trading app for people who are new to trading in India in 2025? This Upstox vs. Angel One comparison will let new investors can easily choose the broker that best meets their needs.

Quick Comparison Table

Feature	Upstox	Angel One
User Base (2025)	~1.7 crore (17M) users	~3.1 crore (31M) users
Account Opening	Free, fully online (15-min e-KYC)	Free, 100% online (mobile/web)
AMC (2nd Year Onward)	₹300 + GST annually	₹60 + GST per quarter (₹240/yr) (often waived for small accounts)
Equity Delivery Brokerage	Flat ₹20 per trade	Lower of ₹20 or 0.1% per trade (min ₹2)
Equity Intraday	₹20 or 0.1% (whichever lower)	₹20 or 0.03% (whichever lower)
F&O (Equity Futures & Options)	₹20 or 0.05% (whichever lower)	Flat ₹20 per order
Stocks/Mutual Funds IPOs	₹0 (no brokerage on IPOs/MFs)	₹0 brokerage up to ₹500 in first 30 days; then same rates as above
Trading Platforms	Upstox Pro (web & mobile) with TradingView charts	Angel One App & Web with advanced orders (GTT, baskets)
Customer Support	Chat/email/phone support, priority for Plus Plan	24×7 support via app, chat, phone (large IR network)
Regulatory Compliance	SEBI-registered, CDSL depository participant	SEBI-registered, CDSL depository; largest listed retail broker
Mobile App Rating	~4.5★ (Android)	~4.4★ (Android)

Overview: Upstox vs Angel One

Both platforms are used by both new and experienced traders. Upstox was started in 2009 and focuses on low-cost trades and a tech-first experience. Its Pro apps for phones and the web have a clean interface and advanced charts (with TradingView).

Angel One, which used to be called Angel Broking, is one of the oldest brokers in India. It changed its name in 2020 and now offers a full range of services, including discount brokerage and advisory, margin lending, and research. More than 31 million people used Angel One in 2025, while only about 17 million people used Upstox. Upstox usually wins because it is easier to use and has flat fees, while Angel One wins because it has more features and better customer service for beginners. We will compare them in more detail below.

Account Opening and Maintenance

Simple to sign up online: You can do all of your KYC online with both Upstox and Angel One. They have websites and apps that let you open an account in less than 15 minutes. For e-KYC, all you have to do is upload your Aadhaar, PAN, and a selfie. Both don’t charge fees to open an account.

Free AMC: Anyone who signs up for either platform gets the first year of AMC free. Upstox makes it clear that there is “no AMC in 1st year.” Angel One also doesn’t charge an annual maintenance fee for the first year. After that, it costs ₹450 per year. Angel One’s AMC is usually not charged if your holdings are less than ₹4 lakh (Basic Service Demat Account rules).

Documentation: All of the paperwork is done digitally, including the demat form and signatures. For physical PAN checks, you might have to pay a small courier fee, but both platforms make this process very easy.

Brokerage & Charges (2025)

Discount brokers like flat-fee models, which are low fixed fees per order instead of a percentage of the trade value. Both Upstox and Angel One use these. But the details are different:

Upstox charges flat fee of ₹20 per order for equity delivery (buy-and-hold stock).
Angel one charges ₹20 or 0.1% per order, whichever is less (minimum ₹2).

Intraday Equity: the upstox is ₹20 or 0.1%, whichever is less. Angel One is ₹20 or 0.03%. This means Angel One has a lower maximum percentage for intraday trades, which can be good for day trades with a lot of value.

Futures & Options: Upstox charges ₹20 or 0.05%. Angel One levies a flat ₹20 per order. For Nifty options, 0.05% of premium can be higher or lower than ₹20 depending on trade size; Angel’s flat ₹20 can be cheaper for big trades.

Other Segments: Both brokers offer ₹0 brokerage on mutual funds and IPOs. Upstox explicitly shows “₹0 on Mutual Funds and IPOs.” Angel One similarly has zero brokerage on equity delivery up to a threshold (first ₹500 in 30 days) before its flat rate applies.

Taxes & Fees: Both follow SEBI and exchange regulations. Expect the same GST (18%), STT, stamp duty, and transaction charges on both platforms

Brokerage in Action – Key Points:

• Both charge ₹20 maximum brokerage per trade in most cases.
• Upstox is flat-rate (₹20, zero for delivery IPO/MF). Angel One is hybrid (₹0 intro trades, then 0.1% or ₹20).
• For small everyday trades, costs are very similar. For heavy options/intraday traders, Angel’s tiny 0.1% rate may win.

Mobile & Desktop Trading Platforms

For beginners, the trading interface and how well the app works are very important. You can get both Upstox and Angel One’s apps on your phone, and their websites are up-to-date and have real-time charts, research, and order types.

Upstox Pro Mobile & Web: The Upstox Pro app for Android and iOS has a lovely interface and 4.5 star ratings. It works with TradingView charts that have hundreds of indicators and even “instant orders on the chart,” which lets you trade right from the graphs. The Pro Web platform (browser) makes layouts and watchlists work on all of your devices. From what we’ve seen, Upstox’s app loads quickly, is easy for beginners to use, and looks good.

Angel One App & Web: Angel One’s app also has good reviews (about 4.4 stars) and is much faster now. It has helpful features such as GTT (Good-Till-Triggered) orders, voice-assisted searches, basket orders (which let you make several trades at once), and even a demo mode for trading without real money. Angel One Web, the web platform, has a lot of the same features. Angel’s interface is a bit more “full-service,” meaning that there are a lot of options that can be seen. This can help you learn, but it might be too much for some beginners.

User Experience (Hands-On): Both apps worked well for normal trading when used every day. For charting and quick orders, we thought Upstox’s app was a bit lighter and easier to use. However, Angel’s app has more features that beginners may find useful, such as a news feed, advisory snippets, and fund recommendations. For safety, both apps offer biometric login and two-factor security.

Customer Support and Resources

Good help is very important for beginners.

Upstox Support: You can get help 24 hours a day, seven days a week through the Upstox app, an email helpdesk, and a call center. People who use the free Basic plan can get standard support, but people who use Upstox Plus can call priority support lines.

Traders can also get access to more research tools and features through Upstox’s Plus plan, which is optional and costs an extra ₹30 per order. The Basic plan is usually fine for people who are just starting to invest.

Angel One Support: You can get help from Angel One by phone, email, or chat in the app. They have many “authorized persons” (remisier partners) in many cities who can help them in person if they need to. Angel also has educational content and webinars, as well as an Angel Network advisory service. People who are new to the app often like Angel’s step-by-step instructions, which are sometimes more detailed than Upstox’s simple FAQs.

Regulatory Safety

Both platforms are registered with SEBI as broker-dealers and as Depository Participants (DPs with CDSL). This means they follow all security and customer protection rules set by the government. Angel One is even listed on the stock market (NSE: ANGELONE), which makes things even more clear.

Your money and securities are kept in separate accounts under each DP (Upstox uses CDSL, and Angel One also uses CDSL). None of the necessary safety measures were skipped during our hands-on use, such as two-factor authentication, offline payment mandate, and so on. Traders can be sure that their deals are safe on the NSE/BSE and regulated clearing entities.

Market Segments and Investment Options

Investment options are also an important factor for investors seeking variety.

• Upstox:
  • Primarily focused on equities, derivatives, commodities, and currencies.
  • Limited to stock market investments with fewer additional financial products.
  • Appeals to traders looking for core stock and F&O trading.
• Angel One:
  • Wide array of offerings including mutual funds, bonds, IPOs, and insurance products.
  • More versatile, with options beyond just stock trading, which suits investors interested in a diversified portfolio.

Angel One offers a wider selection, which may be more appealing to long-term investors looking for portfolio diversification beyond equities.

Verdict: Angel one is Winner

Research and Analysis Tools

Both Upstox and Angel One provide research and analysis tools, but their depth and usability vary.

• Upstox Tools:
  • Limited in-house research; focuses more on third-party integrations like TradingView.
  • Suitable for technically-minded traders who rely on external analysis.
• Angel One Tools:
  • Comprehensive research reports, stock recommendations, and daily market insights.
  • In-house research team provides regular updates, making it helpful for both active and passive investors.

For investors looking for guided insights, Angel One’s research tools offer a significant advantage.

Verdict: Angel one is Winner

Customer Support

Customer support quality can significantly affect your trading experience, especially if you encounter issues with the platform or need quick assistance.

• Upstox Customer Support:
  • Offers customer service through email, chat, and phone support.
  • Primarily relies on an online support model, which might lead to wait times during peak hours.
  • Has a support center with FAQs and articles that cover common queries.
  • Suitable for tech-savvy users who prefer digital communication but may lack immediate response times.
• Angel One Customer Support:
  • Provides customer support through multiple channels, including phone, email, chat, and physical branches.
  • Known for its in-person support options, which can be convenient for those who prefer face-to-face assistance.
  • Provides a detailed help section with tutorials, FAQs, and articles, making self-help more accessible.
  • Ideal for investors who value both online and offline support, especially those who may require hands-on guidance.

In terms of support options and accessibility, Angel One stands out with its hybrid model, while Upstox may suit those comfortable with online-only support.

Verdict: Angel one is Winner

Demat and Trading Account Features

Both Upstox and Angel One offer a combination of Demat and trading accounts, but their specific features and advantages vary.

• Upstox Demat and Trading Accounts:
  • Integrated with the Upstox trading platform, providing seamless access to stock, F&O, and commodity segments.
  • Offers quick order placement and easy access to transaction history, making portfolio management straightforward.
  • Charges nominal account maintenance fees, though there are periodic offers waiving these charges.
  • Ideal for investors focusing on stock and derivative trading without requiring additional services.
• Angel One Demat and Trading Accounts:
  • Comprehensive account services that integrate with Angel One’s wealth management offerings.
  • Provides additional benefits like free access to research reports, trading tips, and financial planning assistance.
  • Charges standard account maintenance fees, with waivers often available for the first year.
  • Perfect for investors seeking a complete financial services package, including portfolio management.

If you’re looking for additional financial services alongside a trading account, Angel One may be more beneficial. However, Upstox offers a straightforward trading experience with minimal fees for active traders.

Verdict: Angel one is Winner

Security Measures and Regulations

Ensuring the safety of funds and personal information is critical when choosing a trading platform.

• Upstox Security Features:
  • Uses 256-bit SSL encryption and two-factor authentication (2FA) to secure user accounts.
  • Partnered with CDSL for Demat account services, ensuring compliance with regulatory standards.
  • Real-time notifications and alerts for account activity, enhancing account safety.
  • Offers robust security suitable for those who prioritize tech-based safeguards.
• Angel One Security Features:
  • Implements advanced encryption protocols to secure transactions and user data.
  • Also offers two-factor authentication (2FA) for additional account security.
  • Monitors compliance with SEBI regulations and regularly updates users on security best practices.
  • Provides both online and offline security options, adding to its appeal for all types of investors.

Both platforms have strong security protocols, but Angel One’s regular updates and educational resources may benefit investors who are less familiar with online security.

Verdict: Angel one is Winner

Ease of Fund Transfer

A seamless and quick fund transfer process allows traders to act on market opportunities without delays.

• Upstox Fund Transfer:
  • Allows users to add funds via net banking, UPI, and NEFT/RTGS, with almost instant fund credit.
  • No fees are typically charged for fund transfers, keeping the process cost-effective.
  • Offers easy withdrawal options, with funds credited to the bank account within 24 hours.
  • Ideal for active traders who need fast and flexible fund transfers.
• Angel One Fund Transfer:
  • Multiple fund transfer options including UPI, net banking, and bank transfers, similar to Upstox.
  • Occasionally charges small fees for bank transfers, which may impact frequent fund movers.
  • Typically takes up to 24 hours for withdrawals to be credited, with a clear interface for managing funds.
  • Great for both regular traders and investors who value transfer flexibility.

While both platforms offer similar transfer options, Upstox’s no-fee transfer structure and fast processing times may appeal more to cost-conscious, active traders.

Verdict: Upstox is Winner

Margin and Leverage Policies

Margin trading allows traders to borrow funds to increase their trading positions, which can amplify profits but also increase risks.

• Upstox Margin and Leverage:
  • Provides margin funding for intraday and delivery trades, with up to 20x leverage on select stocks.
  • Transparent margin policies with a margin calculator to help users understand costs and requirements.
  • Charges interest on margin trades, which varies based on the segment and trade duration.
  • Ideal for high-frequency traders who can benefit from margin trading without overextending capital.
• Angel One Margin and Leverage:
  • Similar margin funding options with leverage up to 10x on select stocks.
  • Offers portfolio-based margin, allowing flexibility in managing larger portfolios on a budget.
  • Charges interest on margin accounts, though rates may be slightly higher than Upstox for some segments.
  • Suitable for moderate to active traders who seek a balanced approach to leverage.

Upstox may offer a slight advantage for those looking to maximize leverage, though Angel One’s portfolio margin feature may be better for diversified portfolio management.

Verdict: Upstox is Winner

Pros and Cons of Upstox

Let’s break down the main advantages and drawbacks of Upstox to help you understand where it shines and where it might fall short.

• Pros:
  • Low brokerage fees and a flat-rate pricing structure.
  • User-friendly trading platform suitable for both desktop and mobile.
  • Free equity delivery trading and access to real-time analytics.
  • Fast fund transfer options without fees, ideal for active traders.
• Cons:
  • Limited in-house research and advisory services.
  • Primarily focused on digital customer support, which may not appeal to users seeking in-person assistance.
  • Restricted to stock and derivatives markets with fewer wealth management options.

Upstox’s strengths lie in its affordability, speed, and tech-savvy platform, making it a top choice for active traders on a budget. However, it lacks some of the personalized services offered by traditional brokers.

Pros and Cons of Angel One

Similarly, Angel One has distinct pros and cons, especially for users interested in full-service brokerage options.

• Pros:
  • Full-service brokerage with advisory services and extensive research resources.
  • Diverse financial product offerings, including mutual funds, insurance, and more.
  • Hybrid support model with both online and offline customer service.
  • Reliable platform with a wide array of tools for portfolio management.
• Cons:
  • Slightly higher fees for advisory and full-service options.
  • More complex interface that might be overwhelming for new traders.
  • Limited leverage options compared to some discount brokers.

Angel One’s main benefits lie in its comprehensive services and advisory support, making it ideal for investors who want a single platform for all their financial needs. However, its fees and interface complexity might not suit traders focused purely on affordability and simplicity.

Final Verdict: Which Platform is Better?

Choosing between Upstox and Angel One depends largely on your trading style, budget, and the level of support you need.

• Who Should Choose Upstox?
  Upstox is the better option for traders who want to trade for less money, transfer money quickly, and use an interface that is easy for tech-savvy people to understand. It works best for people who are used to getting help online only and are mostly interested in trading stocks and foreign exchange.
• Who Should Choose Angel One?
  Angel One is a great choice for people who want advisory services, a variety of investment options, and a mix of different types of customer service. It’s perfect for investors who want a full-service experience, like those who are interested in Credit, insurance, and portfolio management.

Ultimately, both platforms have solid offerings, but your individual priorities—whether it’s low fees or comprehensive service—will determine the right choice.

Conclusion

It’s clear that Upstox and Angel One are not the same. Each platform has its own strengths and is designed for a different type of investor. The low cost and easy-to-use digital interface of Upstox make it stand out, making it perfect for active traders. Angel One, on the other hand, combines the best of traditional brokerages with the ease of digital technology. It’s perfect for investors who want financial products and advisory services.