Upstox Demat & Trading Account vs Angel One Demat & Trading Account— Detailed Comparison 2026
Upstox Demat & Trading Account and Angel One Demat & Trading Account are two of the most searched demat account options in India. While Upstox Demat & Trading Account is rated 4.2/5, Angel One Demat & Trading Account carries a 4.1/5 rating on our platform. Let us walk you through a detailed feature-by-feature comparison to help you pick the right one for 2026.
Upstox Demat & Trading Account
Upstox
Budget traders who want advanced charts without extra cost
Angel One Demat & Trading Account
Angel One
Investors who want free advisory and AI-based recommendations
Feature-by-Feature Comparison
| Feature | Upstox Demat & Trading Account | Angel One Demat & Trading Account | Winner |
|---|---|---|---|
| Account Opening Charge | Free | Free | Tie |
| Annual Maintenance (AMC) | Free | ₹240 | Upstox |
| Equity Delivery Brokerage | Zero (free) | Zero (free) | Tie |
| Equity Intraday Brokerage | Rs 20 per order or 0.05%, whichever is lower | Rs 20 per order or 0.25%, whichever is lower | Tie |
| Futures Brokerage | Rs 20 per order or 0.05%, whichever is lower | Rs 20 per order or 0.25%, whichever is lower | Tie |
| Options Brokerage | Rs 20 per order (flat) | Rs 20 per order (flat) | Tie |
| Mutual Fund Commission | Zero — direct mutual funds | Zero commission on direct funds | Tie |
| Research Reports | ✘ | ✔ | Angel One |
| Margin Trading | ✔ | ✔ | Tie |
| IPO Access | ✔ | ✔ | Tie |
| Mutual Funds | ✔ | ✔ | Tie |
| NFO Access | ✔ | ✔ | Tie |
| Best For | Budget traders who want advanced charts without extra cost | Investors who want free advisory and AI-based recommendations | Tie |
| Overall Rating | ★★★★★4.2 | ★★★★★4.1 | Upstox |
Pros & Cons
Upstox Demat & Trading Account
+Advantages
- ✔Zero brokerage on equity delivery
- ✔Free account opening
- ✔Backed by Ratan Tata (investor)
- ✔Good charting tools and TradingView integration
- ✔Competitive F&O brokerage
−Disadvantages
- ✘App stability issues reported during volatility
- ✘Customer support can be slow
- ✘Limited research and advisory content
- ✘Platform not as polished as Zerodha Kite
Angel One Demat & Trading Account
+Advantages
- ✔Free research and advisory with SmartAPI
- ✔Zero delivery brokerage
- ✔AI-powered stock recommendations (ARQ Prime)
- ✔Free account opening
- ✔Established brand (25+ years in market)
−Disadvantages
- ✘Higher AMC of Rs 240/year for demat
- ✘Frequent promotional calls and SMS
- ✘Mobile app can be cluttered
- ✘Customer service mixed reviews
Our Verdict: Upstox Demat & Trading Account vs Angel One Demat & Trading Account
Based on our analysis, Upstox Demat & Trading Account edges ahead with a rating of 4.2/5 compared to Angel One Demat & Trading Account's 4.1/5. With a difference of 0.1 points, Upstox Demat & Trading Account offers a stronger overall package. However, Angel One Demat & Trading Account may be better suited for specific use cases — review the feature-by-feature comparison above to decide what works best for your needs.