Angel OneSEBI INZ000161534
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
Where Angel One and FYERS differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | FYERS |
|---|---|---|
| One mainboard lot, ₹15,000₹2.95 less at FYERS | ₹41.30 | ₹38.35 |
| Two SME lots, ₹2,50,000₹8.85 less at FYERS | ₹47.20 | ₹38.35 |
| A year: 12 mainboard lots sold₹35.40 less at FYERS | ₹495.60 | ₹460.20 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): Free in the first year, then ₹60 a quarter plus GST, charged after the… at Angel One, ₹0 for trading and demat accounts at FYERS.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, ₹20 or 0.3% per executed order, whichever is lower at FYERS.
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, ₹12.50 plus GST per scrip at FYERS.
- SME IPOs: Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME… at Angel One, The help page lists applications by type at FYERS.
The same at both: account opening and Mainboard IPOs.
Angel One vs FYERS: charges side by side
Differs 5 of 7 charges differ between Angel One and FYERS. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | FYERS |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | ₹0 |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | ₹0 for trading and demat accounts |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the IPO section of the app with a UPI mandate | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage |
| SME IPOs | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app | The help page lists applications by type (mainboard or SME) in the IPO section |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) |
| DP charge on selling shares | ₹20 plus GST per scrip (₹3.50 CDSL and ₹16.50 Angel One; ₹3.25 and ₹16.75 for women) | ₹12.50 plus GST per scrip (ISIN) |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000008524 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Angel One and FYERS pages.
Angel One and FYERS strengths and things worth checking
Angel One
Strengths
- Free first month
- Cheaper dealer orders
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹60 a quarter plus GST (₹240 a year plus GST) for a regular demat account.
- Brokerage and DP charge on delivery
Up to ₹20 per order plus a ₹20 plus GST DP charge when you sell.
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Brokerage calculator: Angel One vs FYERS
| Charge | Angel One | FYERS |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and FYERS would each charge.
Other comparisons
- Angel One vs Groww
- Angel One vs ICICI Direct
- Angel One vs Upstox
- Angel One vs Zerodha
- Angel One vs INDmoney
- Angel One vs m.Stock
Every comparison with Angel One or FYERS, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or FYERS?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹41.30 at Angel One (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, FYERS ₹38.35 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and FYERS be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹35.40 less in broker charges (our calculation). Add the yearly AMC: Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…; FYERS: ₹0 for trading and demat accounts.
Can I apply for SME IPOs on Angel One and FYERS?
Angel One lets you apply for SME IPOs; FYERS does not say so on the pages we checked.
What is the demat AMC at Angel One and FYERS?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. FYERS: ₹0 for trading and demat accounts.
What brokerage do Angel One and FYERS charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹17.70 at Angel One and ₹23.60 at FYERS (our calculation from their published rates).