Angel One vs First Demat – Compare Charges, Trading Features, Offers & More

Overview — Angel One vs. First Demat

Angel One is listed as a Public Full Service established in 1987 with headquarters in Mumbai and founded by Dinesh Agarwal. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. It follows a i-trade Prime brokerage structure.

First Demat is listed as a Private Discount Broker established in 2026 with headquarters in Ranchi, Jharkhand and founded by Sandhya Kumari. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. Its brokerage model is structured as Single flat plan on site; file says 'multiple brokerage packs'.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Angel One vs. First Demat

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Angel One and First Demat.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Angel One charges Free while First Demat charges 0.1% or ₹20 per executed order, whichever is lower.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Angel One charges Rs.20 per Trade or 0.25% (whichever is low) while First Demat charges 0.1% or ₹20 per executed order, whichever is lower.

Equity futures: This charge applies to futures contracts on stocks and indices. Angel One charges Rs.20 per Trade or 0.25% (whichever is low) while First Demat charges Flat ₹20 per executed order.

Equity options: This charge applies to equity option contracts. Angel One charges Rs.20 per Trade while First Demat charges Flat ₹20 per executed order.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Angel One charges Rs.20 per Trade or 0.25% (whichever is low) while First Demat charges Starting ₹20 per order (not on pricing page).

Commodity options: This charge applies to option contracts on commodity instruments. Angel One charges Rs.20 per Trade while First Demat charges Starting ₹20 per order (not on pricing page).

Currency futures: This charge allows participation in forex price movements on the exchange. Angel One charges Rs.20 per Trade or 0.25% (whichever is low) while First Demat charges Not offered.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Angel One charges Rs.20 per Trade while First Demat charges Not offered.

Trading platforms comparison — Angel One vs. First Demat

Angel One provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. First Demat provides mobile app access, web trading and algo trading support for its users.

• Android app: Angel One and First Demat both list an Android trading app.

• iOS app: Angel One and First Demat both list an iOS trading app.

• Web trading platform: Angel One and First Demat both list a web trading platform.

• Desktop trading terminal: Angel One lists a desktop trading terminal, while First Demat does not currently mention it.

• Algo trading: Angel One and First Demat both list algo trading support.

• Basket trading: Angel One and First Demat both list basket trading.

• Foreign stocks platform: Angel One lists foreign stocks access, while First Demat does not currently mention it.

• Mutual fund platform: Angel One and First Demat both list a mutual fund investment platform.

• Digital gold platform: First Demat lists digital gold investing, while Angel One does not currently mention it.

• Bonds platform: Neither broker currently highlights a bonds investment platform.

Angel One vs. First Demat — Comparison of trading features

Angel One highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while First Demat promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Angel One and First Demat offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Angel One and First Demat offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Angel One and First Demat offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Angel One and First Demat offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Angel One and First Demat offer this feature.

• Global indices: Real-time data on leading global stock market indices. Angel One offers this; First Demat does not currently highlight it.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Angel One and First Demat offer this feature.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Angel One offers this; First Demat does not currently highlight it.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Angel One and First Demat offer this feature.

• Live market: Live updates on market movements and trends. Both Angel One and First Demat offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Angel One offers this; First Demat does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Angel One and First Demat offer this feature.

Angel One vs. First Demat — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Angel One and First Demat.

• Free account opening: First Demat lists free account opening, while Angel One does not currently mention it.

• Free AMC: Angel One and First Demat both list free Demat AMC.

• Free brokerage: Angel One lists free brokerage, while First Demat does not currently mention it.

• Flat brokerage: Angel One and First Demat both list flat brokerage pricing.

• Flexible brokerage plans: Neither broker currently highlights flexible brokerage plans.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Angel One lists free delivery trading, while First Demat does not currently mention it.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: Angel One and First Demat both list free research reports.

• Free trading calls: Angel One lists free trading calls, while First Demat does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Angel One offers Upto Rs.1000 Gift Vouchers per Client for referrals; First Demat does not currently list a referral offer.

Offered products comparison — First Demat vs. Angel One

Product availability determines whether a broker can support your preferred markets. Angel One highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while First Demat highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, foreign stocks, mutual funds, insurance and digital gold.

• Demat services: Angel One and First Demat both list Demat services.

• Trading services: Angel One and First Demat both list trading services.

• Intraday services: Angel One and First Demat both list intraday trading services.

• F&O services: Angel One and First Demat both list F&O services.

• IPO services: Angel One and First Demat both list IPO services.

• 3-in-1 account: Neither broker currently highlights 3-in-1 account support.

• Stock research: Angel One and First Demat both list stock research.

• Stock recommendations: Angel One and First Demat both list stock recommendations.

• Trading education: Angel One lists trading education, while First Demat does not currently mention it.

• Share pledging: Angel One and First Demat both list share pledging.

• PMS or PCG: Angel One lists PMS or PCG support, while First Demat does not currently mention it.

• NRI services: Angel One lists NRI services, while First Demat does not currently mention it.

Offered services comparison — Angel One vs. First Demat

Angel One provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while First Demat offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.

Stock advisory service comparison — Angel One vs. First Demat

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Angel One and First Demat.

Exposure comparison — Angel One vs. First Demat

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Angel One and First Demat across different segments.

Comparison of programs — Angel One vs. First Demat

Angel One lists a sub-broker program, while First Demat does not currently mention it. Angel One lists a partner program, while First Demat does not currently mention it. Angel One lists a referral program, while First Demat does not currently mention it.

Customer support comparison — Angel One vs. First Demat

Angel One provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. First Demat provides support through trading desk support, call support, email support and website support. Angel One operates Available branches. First Demat operates Only Ranchi head office listed branches.

Ratings — Angel One vs. First Demat

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Angel One carries an overall rating of 9.70 / 10, while First Demat carries an overall rating of 5/5.

Complaints — Angel One vs. First Demat

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Angel One vs. First Demat

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Angel One and First Demat.

Pledge charges comparison — Angel One vs. First Demat

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Angel One vs. First Demat

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Angel One vs First Demat

Angel One lists account opening charges of Free and Demat AMC of Rs.240 per Year + GST (1st Year Free). First Demat lists account opening charges of Online ₹0; offline ₹500 and Demat AMC of ₹0 for first year; later years not disclosed.

Angel One vs First Demat — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Angel One and First Demat

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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