Angel Broking and Paytm Money both these platforms are popular among traders. But if you are a beginner or if you want to switch to a new trading platform and you are considering choosing one of these two, and then you came to the right place.
We are going to analyze both of these trading platforms along with some of their pros and cons. So, let us get it started.
Angel Broking
Angel Broking is one of the popular full-service brokers which started its journey in the year 1987. Angel Broking offers multiple investments and trading services such as stock and commodity broking, margin funding, investment advisory services, loans against shares, financial products distribution, and so on.
Angel Broking offers several exchanges such as BSE, NSE, MCX, NCDEX, etc. There’s no charge to open a trading account in Angel Broking. Angel Broking Demat Account AMC Charges is 450 INR, which will be applicable from the second year. The margin for intraday trading in Angel Broking is 10x.
Pros of Angel Broking Account
- Free equity delivery trades
- NIL brokerage charges for Cash-N-Carry orders
- Simple flat fee brokerage services across various segments and exchanges such as BSE, NSE, MCX, etc.
- Flat 20 INR is applicable for every executed order across multiple segments such as Equity Intraday, F&O, etc.
- Supports trade in multiple currencies and commodity exchanges
- User friendly trading platforms
- Research Reports
- Free trading software including mobile, website, and trading terminal.
Cons of Angel Broking Account
- Fewer research capabilities
- Average customer service
- GTC order type not available
Paytm Money
Paytm Money is a Bangalore-based online discount broker that started its journey in the year 2017. The platform offers various trading and investment services such as Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, IPO, and so on. Paytm Money is a member of both NSE and BSE.
Paytm Money became popular due to its low-cost trading options. It follows a flat fee model. The maximum brokerage fee charged by the broker is 10 INR per trade. It also offers free Equity Delivery trading.
Anyone can open their account by paying 200INR towards the account opening charge. The platform offers zero annual maintenance charges for the Demat account. Paytm Money is available for Android, iOS, and websites.
Pros of Paytm Money Account
- Low-cost trading charges
- Free Mutual Fund investments option
- Direct Mutual Fund platform with an extra 1% returns
- Zero Maintenance Charges
- Fast digital account opening
- User friendly trading platforms.
- Option to invest in NPS and digital gold, Stocks, Derivatives, and Mutual Fund from one single platform
Cons of Paytm Money Account
- Branch support unavailable
- GTC order type unavailable
- Trading platform usage charge
- Margin trading facility unavailable
- Margin against shares unavailable
- Commodity and Currency trading unavailable
Angel Broking vs. Paytm Money
So we hope you got some basic ideas about Angel Broking and Paytm Money along with some of the pros and cons it has to offer. Both of these platforms are very popular among traders for their services and ease of use of their platforms.
If you are looking for a low-cost trading platform that offers a wide range of services and investment options then Paytm Money is the one to go for. However, if you are looking for a more premium trading platform that offers more functionality and research options, then Angel Broking is the most appropriate one.