Angel One vs Upstox
How Angel One and Upstox compare on brokerage, demat AMC and DP charges — verified as of Jun 2026.
By NexMaxo Editorial Team · Charges verified Jun 2026
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Quick take
Angel One charges ₹20 or 0.1%, lower (min ₹5) and Upstox charges ₹20 per order on delivery — so intraday/F&O fees, the DP charge and AMC decide it.
Angel One — cost-conscious investors and intraday/f&o traders who want a flat-fee broker with a big all-in-one app and a free algo api.
Upstox — active intraday/f&o traders who want a fast modern app and api, and don't mind ₹20 flat on delivery.
Charges side by side
| Angel OneOpen | UpstoxOpen | |
|---|---|---|
| Equity delivery | ₹20 or 0.1%, lower (min ₹5) | ₹20 per order |
| Intraday | ₹20 or 0.1%, lower (min ₹5) | ₹20 or 0.1%, lower |
| DP sell / scrip | ₹23.6 | ₹23.6 |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 first year, then ₹60 + GST/quarter (~₹283/yr) | ₹0 first year, then ₹300 + GST (₹354)/yr |
| Type | Discount | Discount |
Standard published equity plans, verified Jun 2026. Statutory STT, exchange, SEBI, stamp duty & GST are identical across brokers.
Angel One
- Free equity delivery for the first 30 days, then capped at ₹20/order; flat ₹20-or-0.1%-lower intraday and F&O
- ₹0 account opening and ₹0 AMC in year one; BSDA keeps AMC at ₹0 for holdings under ₹4 lakh
- Free SmartAPI for algo trading with no monthly subscription
- Delivery isn't permanently free — after 30 days it costs up to ₹20/order (min ₹5)
- DP charge of ₹23.60 per scrip on every delivery sell
Upstox
- Flat, predictable pricing: ₹20 per order on delivery, ₹20-or-0.1%-lower intraday, ₹20 flat on options
- Fast, modern Upstox Pro platform with TradingView charts plus a well-documented trading/developer API
- Free account opening and zero AMC in the first year; large, established Tiger Global-backed broker
- Equity delivery is NOT free — ₹20 per executed order, unlike Zerodha/Dhan-style zero-delivery brokers
- Demat AMC of ₹300/yr + GST from the second year (non-BSDA)
Angel One vs Upstox — FAQs
Angel One charges ₹20 or 0.1%, lower (min ₹5) and Upstox charges ₹20 per order on delivery — so intraday/F&O fees, the DP charge and AMC decide it. On intraday, Angel One charges ₹20 or 0.1%, lower (min ₹5) and Upstox ₹20 or 0.1%, lower. The DP sell charge is ₹23.6 (Angel One) vs ₹23.6 (Upstox). Statutory charges are identical across brokers.
Angel One is a discount broker — cost-conscious investors and intraday/f&o traders who want a flat-fee broker with a big all-in-one app and a free algo api. Upstox is a discount broker — active intraday/f&o traders who want a fast modern app and api, and don't mind ₹20 flat on delivery.
Either works to start. Look at the demat AMC (Angel One: ₹0 first year, then ₹60 + GST/quarter (~₹283/yr); Upstox: ₹0 first year, then ₹300 + GST (₹354)/yr), whether delivery is free, and which app you find simpler. Both hold your shares safely with CDSL/NSDL. This is information, not advice.
This is an informational comparison of published charges, not investment advice. Brokers change pricing and run promotions — confirm current rates on each broker's official charges page before opening. Investing carries market risk.