upstox vs angel one vs groww | trading app comparison | brokerage, account opening charges, margin

Tech World

24 Jul 202402:25

Summary

TLDRThis video script discusses three popular discount brokers in India: Angel Broking, Upstox, and Zerodha. It compares their brokerage charges, trading platforms, research and advisory services, and customer support. The script emphasizes that the best broker for an investor depends on their individual needs and preferences, such as low brokerage for beginners or research services for more experienced traders. It also advises viewers to read the terms and conditions and try out the platforms before making a decision.

Takeaways

📈 The video discusses three popular discount brokers in India: Angel Broking, Upstox, and Zerodha.
💼 The comparison includes brokerage charges for equity delivery, direct mutual funds, and intraday trading.
💻 All three brokers have user-friendly and feature-rich trading platforms available on their websites and mobile apps.
📊 Angel Broking and Upstox offer research and advisory services, while Zerodha does not provide these services in the Zerodha app.
💬 All three brokers provide 24/7 customer support.
💵 The charges for account opening, AMC charges, and other extra charges are similar across all three brokers.
🏦 The video emphasizes that the best broker depends on individual trading needs and preferences.
📝 For beginners looking for low brokerage, Angel Broking or Upstox could be good options.
🧐 For those who value research and advisory services, Angel Broking or Upstox might be more suitable.
🔒 All three brokers are registered and considered secure platforms by the Securities Exchange Board of India (SEBI).
⚖️ The video is for educational purposes only and not investment advice; viewers are encouraged to do their own research and consult a financial advisor before making investment decisions.

Q & A

What is the main topic of the video script?
-The main topic of the video script is comparing three popular discount brokers in India: Angel Broking, Upstox, and Zerodha.
What are the three brokers discussed in the video?
-The three brokers discussed are Angel Broking, Upstox, and Zerodha.
What is the focus of the comparison between these brokers?
-The comparison focuses on brokerage charges, trading platforms, research and advisory services, customer support, and charges structure.
What are the brokerage charges for equity delivery in Angel Broking?
-The brokerage charges for equity delivery in Angel Broking are zero.
Does the video mention any brokerage charges for intraday trading?
-Yes, the video mentions that for intraday trading, there is a flat ₹ charge per order.
What is the brokerage charge for equity delivery in Upstox?
-The brokerage charge for equity delivery in Upstox is ₹2500000.
What are the features of the trading platforms of these brokers?
-The trading platforms of all three brokers are user-friendly and feature-rich.
Which brokers offer research and advisory services according to the script?
-Angel Broking and Upstox offer research and advisory services, while Zerodha does not.
What is the customer support availability like for these brokers?
-All three brokers offer 24/7 customer support.
How does the video suggest choosing the best broker for an individual?
-The video suggests that the best broker depends on an individual's trading needs and preferences, such as whether they are beginners looking for low brokerage or those who require research and advisory services.
What precaution does the video script advise before opening an account with any of these brokers?
-The video script advises to carefully read the terms and conditions and use the platforms before opening an account with any of these brokers.
What is the purpose of the video according to the script?
-The purpose of the video is educational and not for investment advice. It encourages viewers to do their own research and consult with a financial advisor before making any investment decisions.

Outlines

00:00

📈 Introduction to Discount Brokers in India

The script begins with a greeting to investors and sets the stage for a discussion about popular discount brokers in India: Zerodha, Upstox, and Angel Broking. Aimed at newcomers to the stock market, the video promises a comparison of these brokers to help viewers choose the best one for their needs. The script mentions that it will cover brokerage charges, trading platforms, research and advisory services, customer support, and charges of these three applications.

Mindmap

Keywords

💡Discount Broker

A discount broker is a type of brokerage firm that offers a lower cost structure for trading securities compared to full-service brokers. They typically provide a platform for trading without offering investment advice or research. In the video, the discussion revolves around three popular discount brokers in India, emphasizing their cost-effectiveness for new investors.

💡Zerodha

Zerodha is one of the discount brokers mentioned in the video. It is known for its flat fee structure and user-friendly trading platform. The video compares Zerodha with other brokers to determine which one might be the best fit for different investor needs, highlighting its popularity and services.

💡Angel Broking

Angel Broking is another discount broker featured in the video. It is compared with Zerodha and Upstox in terms of brokerage charges, trading platforms, and customer support. The video suggests that Angel Broking could be a good option for beginners looking for low brokerage charges.

💡Upstox

Upstox, also known as RKSV, is a discount broker that is part of the comparison in the video. It is highlighted for its trading platform and the brokerage charges it offers. The script discusses Upstox in the context of its services and how it might be suitable for investors who value research and advisory services.

💡Equity Delivery

Equity delivery refers to the process of buying and selling shares of stock that are settled on a delivery basis, meaning the investor actually takes delivery of the shares. In the video, the brokerage charges for equity delivery are discussed as a factor in comparing the different discount brokers.

💡Intraday Trading

Intraday trading is a type of trading where positions are opened and closed within the same trading day. The video mentions intraday trading in the context of discussing the flat fee charges for such trades among the brokers, which is an important consideration for day traders.

💡Trading Platform

A trading platform is a software application that allows investors to place trades in financial markets. The video discusses the user-friendliness and feature richness of the trading platforms offered by Zerodha, Angel Broking, and Upstox, which are critical for investors when choosing a broker.

💡Research and Advisory

Research and advisory services provide investors with analysis and recommendations to make informed investment decisions. The video notes that Upstox and Zerodha offer such services, which can be valuable for investors seeking guidance, while Angel Broking does not offer these services within its app.

💡Customer Support

Customer support refers to the assistance provided by a company to its clients. The video mentions that all three brokers offer 24/7 customer support, which is an important feature for investors who may need help with their trading activities at any time.

💡Charges

Charges in the context of the video refer to the fees that brokers charge for their services. The script compares the account opening charges, AMC (Annual Maintenance Charges), and any extra charges that might apply to the services of the three brokers, which is a key factor in determining the cost-effectiveness of each broker.

💡Individual Needs and Preferences

Individual needs and preferences are the unique requirements and choices of each investor. The video concludes by emphasizing that the best broker for an investor depends on their personal trading needs and preferences, such as the importance of low brokerage charges, research services, or a user-friendly platform.

Highlights

Introduction to popular discount brokers in India: Upstox, Angel Broking, and Zerodha.

Comparison of brokerage charges for equity delivery, direct mutual funds, and intraday trading across the three platforms.

Zero brokerage for equity delivery and direct mutual funds on Angel Broking and Upstox, and flat ₹ per order for intraday trading.

Upstox charges ₹2.5 per intraday trade on equity delivery.

All three brokers have their own user-friendly and feature-rich web and mobile trading platforms.

Angel Broking and Zerodha offer research and advisory services, while Upstox does not.

All three brokers provide 24/7 customer support.

Similar charges across the brokers for account opening, AMC charges, and any additional charges.

The best broker depends on individual trading needs and preferences.

Angel Broking and Upstox are good options for beginners looking for low brokerage.

Zerodha and Angel Broking are recommended for those seeking research and advisory services.

All three brokers are registered and considered secure platforms.

Advice to read terms and conditions and use the platforms before opening an account.

The video is for educational purposes only and not investment advice.

Encouragement for viewers to do their own research and consult with a financial advisor before making investment decisions.