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
TradejiniSEBI INZ000160938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Angel One and Tradejini differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | Tradejini |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹5.90 less at Angel One; a DP charge is not published | ₹41.30 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹47.20 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹70.80 less at Angel One; a DP charge is not published | ₹495.60 | ₹283.20 brokerage; DP charge not published |
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, not stated at Tradejini.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, ₹20 per order at Tradejini.
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, not stated at Tradejini.
- SME IPOs: Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME… at Angel One, not stated at Tradejini.
The same at both: account opening and Mainboard IPOs.
Angel One vs Tradejini: charges side by side
Differs 5 of 7 charges differ between Angel One and Tradejini. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | Tradejini |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | Free online |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the IPO section of the app with a UPI mandate | Yes, ₹0 commission |
| SME IPOs | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | ₹20 per order |
| 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) | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000160938 |
For other trading, equity intraday, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Angel One and Tradejini pages.
Angel One and Tradejini 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.
Tradejini
Strengths
- Flat ₹20
- IPOs free
Worth checking
- AMC and DP charge not on the list of charges
Check them before you open an account.
Brokerage calculator: Angel One vs Tradejini
| Charge | Angel One | Tradejini |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and Tradejini would each charge.
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Every comparison with Angel One or Tradejini, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or Tradejini?
Tradejini does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹5.90 less at Angel One (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, Tradejini ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and Tradejini be over a year?
Not in full, because Tradejini does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹70.80 less at Angel One (our calculation).
Can I apply for SME IPOs on Angel One and Tradejini?
Angel One lets you apply for SME IPOs; Tradejini does not say so on the pages we checked.
What is the demat AMC at Angel One and Tradejini?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. Tradejini: not stated.
What brokerage do Angel One and Tradejini 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 Tradejini (our calculation from their published rates).