IDBI Direct and Angel One are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. IDBI Direct is listed as a Public Discount Broker , established in 1993 and headquartered in Mumbai, while Angel One is listed as a Public Full Service , established in 1987 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether IDBI Direct or Angel One is a better fit for your investment style, platform preference, and budget.
IDBI Direct is listed as a Public Discount Broker established in 1993 with headquarters in Mumbai and founded by Nagaraj Garla. 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 interactive charts. It follows a Standard Plan brokerage structure.
Angel One is listed as a Public Full Service established in 1987 with headquarters in Mumbai and founded by Dinesh Agarwal. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. Its brokerage model is structured as i-trade Prime.
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.
IDBI Direct vs Angel One — A Comprehensive Company Overview
| Company Overview | IDBI Direct | Angel One |
|---|---|---|
| Company Type | Public | Public |
| Broker Type | Discount Broker | Full Service |
| Headquarters | Mumbai | Mumbai |
| Founder | Nagaraj Garla | Dinesh Agarwal |
| Establishment Year | 1993 | 1987 |
| Brokerage Plan | Standard Plan | i-trade Prime |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for IDBI Direct and Angel One.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. IDBI Direct charges 0.50% of Transaction Value while Angel One charges Free.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. IDBI Direct charges 0.50% of Transaction Value while Angel One charges Rs.20 per Trade or 0.25% (whichever is low).
Equity futures: This charge applies to futures contracts on stocks and indices. IDBI Direct charges 0.50% of Transaction Value while Angel One charges Rs.20 per Trade or 0.25% (whichever is low).
Equity options: This charge applies to equity option contracts. IDBI Direct charges Rs.50 per Lot while Angel One charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. IDBI Direct charges 0.05% of Transaction Value while Angel One charges Rs.20 per Trade or 0.25% (whichever is low).
Commodity options: This charge applies to option contracts on commodity instruments. IDBI Direct charges Rs.50 per Lot while Angel One charges Rs.20 per Trade.
Currency futures: This charge allows participation in forex price movements on the exchange. IDBI Direct charges 0.05% of Transaction Value while Angel One charges Rs.20 per Trade or 0.25% (whichever is low).
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. IDBI Direct charges Rs.50 per Lot while Angel One charges Rs.20 per Trade.
IDBI Direct vs Angel One — Detailed Brokerage Comparison
| Brokerage | IDBI Direct | Angel One |
|---|---|---|
| Brokerage Plan | Standard Plan | i-trade Prime |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.50% of Transaction Value | Free |
| Equity Intraday | 0.50% of Transaction Value | Rs.20 per Trade or 0.25% (whichever is low) |
| Equity Future | 0.50% of Transaction Value | Rs.20 per Trade or 0.25% (whichever is low) |
| Equity Option | Rs.50 per Lot | Rs.20 per Trade |
| Commodity Future | 0.05% of Transaction Value | Rs.20 per Trade or 0.25% (whichever is low) |
| Commodity Option | Rs.50 per Lot | Rs.20 per Trade |
| Currency Future | 0.05% of Transaction Value | Rs.20 per Trade or 0.25% (whichever is low) |
| Currency Option | Rs.50 per Lot | Rs.20 per Trade |
IDBI Direct provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Angel One provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: IDBI Direct and Angel One both list an Android trading app.
iOS app: IDBI Direct and Angel One both list an iOS trading app.
Web trading platform: IDBI Direct and Angel One both list a web trading platform.
Desktop trading terminal: IDBI Direct and Angel One both list a desktop trading terminal.
Algo trading: IDBI Direct and Angel One both list algo trading support.
Basket trading: Angel One lists basket trading, while IDBI Direct does not currently mention it.
Foreign stocks platform: Angel One lists foreign stocks access, while IDBI Direct does not currently mention it.
Mutual fund platform: IDBI Direct and Angel One both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
IDBI Direct vs Angel One — Complete Comparison of Trading Platforms
| Trading Platform | IDBI Direct | Angel One |
|---|---|---|
| Android App | IDBI Direct Android App Link | Angel One Android App Link |
| iOS App | IDBI Direct iOS App Link | Angel One iOS App Link |
| Web Trading Platform | IDBI Direct Web Trading Link | Angel One Web Trading Link |
| Trading Terminal | Available | Available |
| Algo Trading Platform | Available | Available |
| Foreign Stocks Platform | NA | Available |
| Basket Trading Platform | NA | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | No |
| Bonds Platform | NA | No |
IDBI Direct highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and interactive charts, while Angel One promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. 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 IDBI Direct and Angel One offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both IDBI Direct and Angel One offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both IDBI Direct and Angel One offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both IDBI Direct and Angel One offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both IDBI Direct and Angel One offer this feature.
Global indices: Real-time data on leading global stock market indices. Angel One offers this; IDBI Direct does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Angel One offers this; IDBI Direct does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Angel One offers this; IDBI Direct does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both IDBI Direct and Angel One offer this feature.
Live market: Live updates on market movements and trends. Both IDBI Direct and Angel One offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Both IDBI Direct and Angel One offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both IDBI Direct and Angel One offer this feature.
IDBI Direct vs Angel One — Comprehensive Comparison of Trading Features
| Trading Feature | IDBI Direct | Angel One |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | Yes |
| Customised Recommendations | No | Yes |
| Stock Tips | No | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | Yes |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by IDBI Direct and Angel One.
Free account opening: IDBI Direct lists free account opening, while Angel One does not currently mention it.
Free AMC: Angel One lists free Demat AMC, while IDBI Direct does not currently mention it.
Free brokerage: Angel One lists free brokerage, while IDBI Direct does not currently mention it.
Flat brokerage: Angel One lists flat brokerage pricing, while IDBI Direct does not currently mention it.
Flexible brokerage plans: IDBI Direct lists flexible brokerage plans, while Angel One does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Angel One lists free delivery trading, while IDBI Direct 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: IDBI Direct and Angel One both list free research reports.
Free trading calls: IDBI Direct and Angel One both list free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: IDBI Direct offers Upto Rs.500 per Client while Angel One offers Upto Rs.1000 Gift Vouchers per Client for referrals.
IDBI Direct vs Angel One — Comparison of Latest Offers
| Offer | IDBI Direct | Angel One |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | No | 1st Year Free |
| Free Brokerage | No | Yes, Limited |
| Flat Brokerage | No | Yes |
| Flexible Brokerage Plans | Yes | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | Yes |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | Upto Rs.500 per Client | Upto Rs.1000 Gift Vouchers per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. IDBI Direct highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Angel One highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
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, mutual funds, banking services, insurance, corporate bonds, government bonds and foreign stocks.
IDBI Direct vs Angel One — Complete Comparison of Products
| Product | IDBI Direct | Angel One |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | No | Yes |
| Mutual Funds | Yes | Yes |
| Banking | Yes | No |
| Insurance | Yes | Yes |
| Corporate Bonds | Yes | No |
| Government Bonds | Yes | No |
| Digital Gold | No | No |
Demat services: IDBI Direct and Angel One both list Demat services.
Trading services: IDBI Direct and Angel One both list trading services.
Intraday services: IDBI Direct and Angel One both list intraday trading services.
F&O services: IDBI Direct and Angel One both list F&O services.
IPO services: IDBI Direct and Angel One both list IPO services.
3-in-1 account: IDBI Direct lists 3-in-1 account support, while Angel One does not currently mention it.
Stock research: IDBI Direct and Angel One both list stock research.
Stock recommendations: IDBI Direct and Angel One both list stock recommendations.
Trading education: Angel One lists trading education, while IDBI Direct does not currently mention it.
Share pledging: IDBI Direct and Angel One both list share pledging.
PMS or PCG: Angel One lists PMS or PCG support, while IDBI Direct does not currently mention it.
NRI services: Angel One lists NRI services, while IDBI Direct does not currently mention it.
IDBI Direct provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Angel One offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
IDBI Direct vs Angel One — In-Depth Comparison of Services
| Service | IDBI Direct | Angel One |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | Yes | No |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | Yes |
| Trading Education | No | Yes, Smart Money |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | Yes |
| NRI Services | No | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from IDBI Direct and Angel One.
IDBI Direct and Angel One — Detailed Comparison of Advisory Services
| Advisory | IDBI Direct | Angel One |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| IPO Reports | Yes | Yes |
| Technical Reports | No | Yes |
| Stock Tips | No | Yes |
| Daily Top Stock Picks | No | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | Yes | Yes |
| Weekly Review | Yes | Yes |
| Relationship Manager | Yes | Yes |
| Robo Advisory | No | Yes |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from IDBI Direct and Angel One across different segments.
IDBI Direct and Angel One — Comprehensive Comparison of Trading Exposure
| Exposure | IDBI Direct | Angel One |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1X | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
IDBI Direct and Angel One both list a sub-broker program. IDBI Direct and Angel One both list a partner program. IDBI Direct and Angel One both list a referral program.
IDBI Direct vs Angel One — Comparative Analysis of Programs
| Program | IDBI Direct | Angel One |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes | Yes, Angel DRA |
| Referral Program | Yes | Yes |
IDBI Direct provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Angel One provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. IDBI Direct operates Available branches. Angel One operates Available branches.
IDBI Direct and Angel One — Comprehensive Comparison of Customer Support
| Support Channel | IDBI Direct | Angel One |
|---|---|---|
| Trading Support | Available, Free | Available, Chargeable |
| Dedicated Dealer | Available, Free | Available, Chargeable |
| Call Support | 022-67719100 | 8047480048 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | Available | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. IDBI Direct carries an overall rating of 7.60 / 10, while Angel One carries an overall rating of 9.70 / 10.
IDBI Direct vs Angel One — Ratings Comparison
| Rating Parameter | IDBI Direct | Angel One |
|---|---|---|
| Overall Rating | 7.60 / 10 | 9.70 / 10 |
| Customer Support | 7.57 / 10 | 9.66 / 10 |
| Technology | 7.70 / 10 | 9.82 / 10 |
| Charges | 7.63 / 10 | 9.74 / 10 |
| Products & Services | 7.56 / 10 | 9.64 / 10 |
| Experience | 7.54 / 10 | 9.62 / 10 |
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.
IDBI Direct & Angel One — Comparison of Customer Complaints
| Complaint Metric | IDBI Direct | Angel One |
|---|---|---|
| Total Complaints Lodged | 35 | 554 |
| Total Complaints Resolved | 28 | 457 |
| % of Resolved Complaints | 80.00% | 82.49% |
| Non-Actionable Complaints | 3 | 57 |
| % of Non-Actionable Complaints | 8.57% | 10.29% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for IDBI Direct and Angel One.
IDBI Direct vs Angel One — Detailed Comparison of Transaction Charges
| Transaction Charges | IDBI Direct | Angel One |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) & As per Stock (BSE) | |
| Equity Intraday | 0.00325% (NSE) & As per Stock (BSE) | |
| Equity Future | 0.0019% (NSE & BSE) | |
| Equity Option | 0.05% (on premium) | |
| Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | |
| Commodity Option | 0.05% (Non Agri) | |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | |
| Currency Option | 0.035% (NSE) & 0.001% (BSE) |
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.
IDBI Direct & Angel One — Comprehensive Comparison of Pledge Charges
| Pledge Charge | IDBI Direct | Angel One |
|---|---|---|
| Pledge Creation Charges | Rs.20 per Request | |
| Pledge Invocation Charges | Rs.50 per Request | |
| Margin Trading Interest | 0.049% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
IDBI Direct and Angel One — Detailed Comparison of Hidden / Other Charges
| Charge | IDBI Direct | Angel One |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | |
| DP Charges | Rs.13.5 per Scrip only on Sell | |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | |
| Account Closure Charges | Free | |
| Reactivation Charges | Free | |
| Dematerialisation Charges | Rs.50 per Certificate | |
| Call & Trade Charges | Rs.20 per Trade |
IDBI Direct lists account opening charges of Free and Demat AMC of Rs.350 per Year. Angel One lists account opening charges of Free and Demat AMC of Rs.240 per Year + GST (1st Year Free).
IDBI Direct vs Angel One — Detailed Comparison of Demat Charges
| Demat Charges | IDBI Direct | Angel One |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Rs.350 per Year | Rs.240 per Year + GST (1st Year Free) |
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.
IDBI Direct vs Angel One — Comparative Analysis of STT and CTT Charges
| STT & CTT | IDBI Direct | Angel One |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on sell | |
| Equity Future | 0.0125% on sell | |
| Equity Option | 0.0625% on sell (on premium) | |
| Commodity Future | 0.01% on sell (Non-Agri) | |
| Commodity Option | 0.05% on sell | |
| Currency Future | Nil | |
| Currency Option | Nil |
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.
IDBI Direct and Angel One — Comparison of Stamp Duty Charges
| Stamp Duty | IDBI Direct | Angel One |
|---|---|---|
| Equity Delivery | 0.015% on buy | |
| Equity Intraday | 0.003% on buy | |
| Equity Future | 0.002% on buy | |
| Equity Option | 0.003% on buy | |
| Commodity Future | 0.002% on buy | |
| Commodity Option | 0.003% on buy | |
| Currency Future | 0.0001% on buy | |
| Currency Option | 0.003% on buy |