Lemonn and Angel One are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Lemonn is listed as a Private Discount Broker , established in 2020 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 Lemonn or Angel One is a better fit for your investment style, platform preference, and budget.
Lemonn is listed as a Private Discount Broker established in 2020 with headquarters in Mumbai and founded by Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Standard 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.
Lemonn vs Angel One — A Comprehensive Company Overview
| Company Overview | Lemonn | Angel One |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Full Service |
| Headquarters | Mumbai | Mumbai |
| Founder | Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari | Dinesh Agarwal |
| Establishment Year | 2020 | 1987 |
| Brokerage Plan | Standard | i-trade Prime |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Lemonn and Angel One.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Lemonn charges Rs 20 per executed order while Angel One charges Free.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Lemonn charges Rs 20 per executed order 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. Lemonn charges Rs 20 per executed order while Angel One charges Rs.20 per Trade or 0.25% (whichever is low).
Equity options: This charge applies to equity option contracts. Lemonn charges Rs 20 per executed order while Angel One charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Lemonn charges N/A ; Angel One charges Rs.20 per Trade or 0.25% (whichever is low).
Commodity options: This charge applies to option contracts on commodity instruments. Lemonn charges N/A ; Angel One charges Rs.20 per Trade.
Currency futures: This charge allows participation in forex price movements on the exchange. Lemonn charges N/A ; 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. Lemonn charges N/A ; Angel One charges Rs.20 per Trade.
Lemonn vs Angel One — Detailed Brokerage Comparison
| Brokerage | Lemonn | Angel One |
|---|---|---|
| Brokerage Plan | Standard | i-trade Prime |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs 20 per executed order | Free |
| Equity Intraday | Rs 20 per executed order | Rs.20 per Trade or 0.25% (whichever is low) |
| Equity Future | Rs 20 per executed order | Rs.20 per Trade or 0.25% (whichever is low) |
| Equity Option | Rs 20 per executed order | Rs.20 per Trade |
| Commodity Future | Not Available | Rs.20 per Trade or 0.25% (whichever is low) |
| Commodity Option | Not Available | Rs.20 per Trade |
| Currency Future | Not Available | Rs.20 per Trade or 0.25% (whichever is low) |
| Currency Option | Not Available | Rs.20 per Trade |
Lemonn provides mobile app access, web trading and desktop terminal access 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: Lemonn and Angel One both list an Android trading app.
iOS app: Lemonn and Angel One both list an iOS trading app.
Web trading platform: Lemonn and Angel One both list a web trading platform.
Desktop trading terminal: Lemonn and Angel One both list a desktop trading terminal.
Algo trading: Angel One lists algo trading support, while Lemonn does not currently mention it.
Basket trading: Angel One lists basket trading, while Lemonn does not currently mention it.
Foreign stocks platform: Angel One lists foreign stocks access, while Lemonn does not currently mention it.
Mutual fund platform: Lemonn 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.
Lemonn vs Angel One — Complete Comparison of Trading Platforms
| Trading Platform | Lemonn | Angel One |
|---|---|---|
| Android App | Download | Angel One Android App Link |
| iOS App | Download | Angel One iOS App Link |
| Web Trading Platform | Lemonn Trade | Angel One Web Trading Link |
| Trading Terminal | Available | Available |
| Algo Trading Platform | Not Available | Available |
| Foreign Stocks Platform | Not Available | Available |
| Basket Trading Platform | Not Available | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | Not Available | No |
| Bonds Platform | Not Available | No |
Lemonn highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, 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 Lemonn and Angel One offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Lemonn and Angel One offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Lemonn and Angel One offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Lemonn and Angel One offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Lemonn and Angel One offer this feature.
Global indices: Real-time data on leading global stock market indices. Angel One offers this; Lemonn does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Lemonn and Angel One offer this feature.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Lemonn and Angel One offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Lemonn and Angel One offer this feature.
Live market: Live updates on market movements and trends. Both Lemonn and Angel One offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Both Lemonn and Angel One offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Lemonn and Angel One offer this feature.
Lemonn vs Angel One — Comprehensive Comparison of Trading Features
| Trading Feature | Lemonn | 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 | Yes | Yes |
| Stock Tips | Yes | 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 Lemonn and Angel One.
Free account opening: Lemonn lists free account opening, while Angel One does not currently mention it.
Free AMC: Lemonn and Angel One both list free Demat AMC.
Free brokerage: Angel One lists free brokerage, while Lemonn does not currently mention it.
Flat brokerage: Lemonn and Angel One 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: Lemonn and Angel One both list free delivery trading.
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 lists free research reports, while Lemonn does not currently mention it.
Free trading calls: Angel One lists free trading calls, while Lemonn 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; Lemonn does not currently list a referral offer.
Lemonn vs Angel One — Comparison of Latest Offers
| Offer | Lemonn | Angel One |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | Free for 1st Year, Rs 250+ Gst afterwards | 1st Year Free |
| Free Brokerage | No | Yes, Limited |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | No | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | Yes | Yes |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | Yes |
| Free Trading Calls | No | Yes |
| Referral Offers | No | Upto Rs.1000 Gift Vouchers per Client |
| Margin Funding / Pledging | No | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Lemonn highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, 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, mutual funds, commodity futures, commodity options, currency futures, currency options, foreign stocks and insurance.
Lemonn vs Angel One — Complete Comparison of Products
| Product | Lemonn | Angel One |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | No | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | Yes |
| Corporate Bonds | No | No |
| Government Bonds | No | No |
| Digital Gold | No | No |
Demat services: Lemonn and Angel One both list Demat services.
Trading services: Lemonn and Angel One both list trading services.
Intraday services: Lemonn and Angel One both list intraday trading services.
F&O services: Lemonn and Angel One both list F&O services.
IPO services: Lemonn and Angel One both list IPO services.
3-in-1 account: Lemonn lists 3-in-1 account support, while Angel One does not currently mention it.
Stock research: Lemonn and Angel One both list stock research.
Stock recommendations: Lemonn and Angel One both list stock recommendations.
Trading education: Angel One lists trading education, while Lemonn does not currently mention it.
Share pledging: Lemonn and Angel One both list share pledging.
PMS or PCG: Lemonn and Angel One both list PMS or PCG support.
NRI services: Angel One lists NRI services, while Lemonn does not currently mention it.
Lemonn 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.
Lemonn vs Angel One — In-Depth Comparison of Services
| Service | Lemonn | 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 | Yes | 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 Lemonn and Angel One.
Lemonn and Angel One — Detailed Comparison of Advisory Services
| Advisory | Lemonn | Angel One |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | Yes |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | Yes | Yes |
| Weekly Review | Yes | Yes |
| Relationship Manager | Yes | Yes |
| Robo Advisory | Yes | Yes |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Lemonn and Angel One across different segments.
Lemonn and Angel One — Comprehensive Comparison of Trading Exposure
| Exposure | Lemonn | Angel One |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | 2x | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 2x | 1.3x |
| Commodity F&O Carry Forward | N/A | 1x |
| Commodity F&O Intraday | N/A | 1.3x |
| Currency F&O | N/A | 1x |
Lemonn and Angel One both list a sub-broker program. Lemonn and Angel One both list a partner program. Lemonn and Angel One both list a referral program.
Lemonn vs Angel One — Comparative Analysis of Programs
| Program | Lemonn | Angel One |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes | Yes, Angel DRA |
| Referral Program | Yes | Yes |
Lemonn provides support through trading desk support, call support, email support, website support and Facebook support. Angel One provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Angel One operates Available branches.
Lemonn and Angel One — Comprehensive Comparison of Customer Support
| Support Channel | Lemonn | Angel One |
|---|---|---|
| Trading Support | +918035769929 | Available, Chargeable |
| Dedicated Dealer | Available, Chargeable | |
| Call Support | +918040011310 | 8047480048 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | |
| Website Support | https://lemonn.co.in/ | Website Link |
| Facebook Support | https://www.facebook.com/lemonnhq | Facebook Support Link |
| Twitter / X Support | https://twitter.com/LemonnHQ | Twitter Support Link |
| Telegram Support | — | Telegram Support Link |
| Branches / Offices | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Lemonn carries an overall rating of 4/5, while Angel One carries an overall rating of 9.70 / 10.
Lemonn vs Angel One — Ratings Comparison
| Rating Parameter | Lemonn | Angel One |
|---|---|---|
| Overall Rating | 4/5 | 9.70 / 10 |
| Customer Support | 4/5 | 9.66 / 10 |
| Technology | 4/5 | 9.82 / 10 |
| Charges | 4/5 | 9.74 / 10 |
| Products & Services | 4/5 | 9.64 / 10 |
| Experience | 4/5 | 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.
Lemonn & Angel One — Comparison of Customer Complaints
| Complaint Metric | Lemonn | Angel One |
|---|---|---|
| Total Complaints Lodged | 554 | |
| Total Complaints Resolved | 457 | |
| % of Resolved Complaints | 82.49% | |
| Non-Actionable Complaints | 57 | |
| % of Non-Actionable Complaints | 10.29% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Lemonn and Angel One.
Lemonn vs Angel One — Detailed Comparison of Transaction Charges
| Transaction Charges | Lemonn | Angel One |
|---|---|---|
| Equity Delivery | ₹1500 per crore on buy orders | 0.00325% (NSE) & As per Stock (BSE) |
| Equity Intraday | ₹300 per crore on buy orders | 0.00325% (NSE) & As per Stock (BSE) |
| Equity Future | ₹200 per crore on buy orders | 0.0019% (NSE & BSE) |
| Equity Option | ₹200 per crore on buy orders | 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.
Lemonn & Angel One — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Lemonn | Angel One |
|---|---|---|
| Pledge Creation Charges | Rs 20 + GST per ISIN | Rs.20 per Request |
| Pledge Invocation Charges | ₹50 per ISIN | Rs.50 per Request |
| Margin Trading Interest | ₹20 | 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.
Lemonn and Angel One — Detailed Comparison of Hidden / Other Charges
| Charge | Lemonn | Angel One |
|---|---|---|
| SEBI Turnover Charges | 0.0001% | Rs.10/ Crore (All Segment) |
| DP Charges | Rs 20 | Rs.13.5 per Scrip only on Sell |
| GST | 18% on (transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Free | |
| Reactivation Charges | Free | |
| Dematerialisation Charges | Rs.50 per Certificate | |
| Call & Trade Charges | ₹50 per ISIN | Rs.20 per Trade |
Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST. Angel One lists account opening charges of Free and Demat AMC of Rs.240 per Year + GST (1st Year Free).
Lemonn vs Angel One — Detailed Comparison of Demat Charges
| Demat Charges | Lemonn | Angel One |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Rs 250+ GST | 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.
Lemonn vs Angel One — Comparative Analysis of STT and CTT Charges
| STT & CTT | Lemonn | Angel One |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Intraday | 0.025% on the sell side | 0.025% on sell |
| Equity Future | 0.01% on the sell side | 0.0125% on sell |
| Equity Option | 0.5% on sell side | 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.
Lemonn and Angel One — Comparison of Stamp Duty Charges
| Stamp Duty | Lemonn | 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 |