Arup
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Upstox charges ₹20 per order on delivery, while Angel One charges the lower of ₹20 or 0.1%. Both charge ₹20 on F&O. Both are free in the first year, then Upstox charges ₹300 + GST a year and Angel One ₹20 + GST a month. A ₹1,00,000 delivery round trip costs ₹293.28 on both brokers.
Last updated: October 2026
This page compares Upstox and Angel One on what you actually pay: brokerage, AMC, DP charges and the total cost of three sample trades. Charges were checked against each broker’s published pricing in October 2026 and can change, so confirm before you open an account. This is information, not investment advice.
Upstox vs Angel One: charges side by side
| Charge | Upstox | Angel One |
|---|---|---|
| Account opening | ₹0 | ₹0 |
| Equity delivery brokerage | ₹20 per order | Lower of ₹20 or 0.1%; minimum ₹5 |
| Equity intraday brokerage | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% |
| Futures and options | Options ₹20 per order; futures lower of ₹20 or 0.05% | ₹20 per order |
| Demat AMC | Free for the first year, then ₹300 + GST a year (non-BSDA) | Free for the first year, then ₹20 + GST a month |
| DP charge on sells | ₹20 per scrip sold (the examples add 18% GST) | ₹20 + GST per ISIN sold |
| Pledge | ₹20 + GST per scrip | ₹20 + GST per ISIN |
| Call and trade | ₹75 + GST per order | ₹20 per order |
| Auto square-off | ₹75 + GST | Normal brokerage, no extra penalty |
What the same trades cost on each broker
These examples add up brokerage, STT, exchange charges, SEBI fees, stamp duty, GST and the DP charge on a round trip (buy and sell). Delivery and intraday trades buy and sell ₹1,00,000 of shares once each. The options trade buys premium worth ₹50,000 and sells it for ₹60,000, with one lot per order. Amounts are rounded to the nearest paisa.
| Trade | Upstox | Angel One |
|---|---|---|
| Delivery (₹1,00,000 buy and sell) | ₹293.28 | ₹293.28 |
| Intraday (₹1,00,000 buy and sell) | ₹82.68 | ₹82.68 |
| Options (₹50,000 buy, ₹60,000 sell) | ₹184.95 | ₹184.95 |
The examples are the same on both brokers at these sizes. The difference is on smaller delivery orders, where Angel One’s 0.1% is below ₹20, and on AMC after year one: Angel One at ₹240 + GST a year against Upstox at ₹300 + GST.
Upstox or Angel One: what to weigh
Upstox may suit you if:
- you want Upstox’s margin trading facility at up to 4x leverage
- you want cover and bracket orders in the app
- you trade SME shares, which Upstox allows
Angel One may suit you if:
- you place small delivery orders under ₹20,000, where 0.1% is below ₹20
- you want the lower yearly AMC after year one (₹240 + GST a year against ₹300 + GST)
- you want Angel One’s new-account offer of ₹0 brokerage up to ₹500 in the first 30 days
Both statements describe published charges, not a recommendation. Your own order sizes, how often you trade and how long you hold shares decide which costs more. Use the brokerage calculator to test your own numbers.
Full charge breakdowns
See every charge, worked examples and FAQs on the Upstox charges page and the Angel One charges page. More pairs are on the broker comparisons hub.
Upstox vs Angel One: FAQs
Which is cheaper, Upstox or Angel One?
For delivery, Angel One on small orders below ₹20,000 (where 0.1% is below ₹20). For larger orders and for the three sample trades, the totals are the same.
Which has the lower AMC?
Both are free for the first year. After that Upstox charges ₹300 + GST a year for non-BSDA users and Angel One charges ₹20 + GST a month.
Do Upstox and Angel One charge the same for F&O?
Options are ₹20 per order at both. Futures are the lower of ₹20 or 0.05% at Upstox and ₹20 at Angel One.
How do DP charges compare?
Upstox charges ₹20 per scrip per day on sells. Angel One charges ₹20 + GST per ISIN sold.
Is STT different between brokers?
No. STT is set by the government: 0.1% on buy and sell for delivery, 0.025% on the sell side for intraday, 0.05% on the sell side for futures and 0.15% on the sell premium for options. It is the same at every broker.
Sources
Upstox: Upstox brokerage charges page. Angel One: Angel One charges page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.
Brokerage, AMC and statutory charges change. This page is for information and education only, not investment advice.
