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Angel Broking vs. Steel City

All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.

Among the best stockbrokers in India, two top names are Angel Broking and Steel City. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Angel Broking and Steel City.


Overview

Angel Broking is private company and Steel City is public company. both are full service broker as well. Dinesh Thakkar co-founded Angel Broking in 1987. And Steel City was founded in the year 1995 by Late Mr G. Sree Rama Murthy Garu. Angel Broking's headquarters are in Mumbai, India and Steel City's headquarters are in Vishakhapatnam, AP.

Angel Broking and Steel City both are full service broker as well. Angel Broking is registered in BSE, NSE, MCX, NCDEX, while Steel City is registered in NA. The total branches of Angel Broking are 900 and the Steel City branches are Nil.

OverviewAngel BrokingSteel City
Broker TypeFull Service BrokerFull Service Broker
Type of companyPrivatePublic
HeadquarterMumbai, IndiaVishakhapatnam, AP
FoundersDinesh ThakkarLate Mr G. Sree Rama Murthy Garu
Foundation Year19871995
Supported ExchangesBSE, NSE, MCX, NCDEXNA
Total branches900Nil

Angel Broking and Steel City Trading Account Opening and Demat Charges

A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

Account opening fees for various brokers range from 0 to Rs.200, with Angel Broking charging Zero and Steel City charging Zero.

When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Angel Broking Demat account is Free or Rs.300 per Annum and for the Steel City Demat account is Rs.300 per Annum. The Trading AMC for Angel Broking and Steel City is free. And the margin money for both brokers is also zero.

As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Angel Broking and Steel City is CDSL.

Account Opening and Demat ChargesAngel BrokingSteel City
Trading Account Opening ChargesZeroZero
Demat AMC (Annual Maintenance Charges)Free or Rs.300 per AnnumRs.300 per Annum
Trading AMC (Annual Maintenance Charges)FreeFree
Margin MoneyZero MarginZero Margin
Offline to Online ChargesYesYes
DepositoryCDSLCDSL & NSDL

Angel Broking and Steel City Equity Brokerage Charges

There are more charges that a broker charges for equity transactions.

Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Angel Broking is Free, while Steel City charges you 0.28%.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Angel Broking is Rs.20 Per Order and for Steel City also, it is 0.03%.

Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Angel Broking charge Rs.20 Per Order and Steel City charge 0.03% for equity futures.

Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Angel Broking charges Rs.20 Per Order, and Steel City charges Rs.28 per Lot.

Equity Brokerage ChargesAngel BrokingSteel City
Equity Delivery BrokerageFree0.28%
Equity Intraday BrokerageRs.20 Per Order0.03%
Equity Futures BrokerageRs.20 Per Order0.03%
Equity Options BrokerageRs.20 Per OrderRs.28 per Lot

Angel Broking and Steel City Currency Brokerage Charges

Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.

Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Angel Broking is Rs.20 Per Order and for Steel City is 0.03%.

Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Angel Broking charges Rs.20 Per Order for currency options, whereas Angel Broking charges Rs.18 per Lot.

Currency Brokerage ChargesAngel BrokingSteel City
Currency Futures BrokerageRs.20 Per Order0.03%
Currency Options BrokerageRs.20 Per OrderRs.18 per Lot

Angel Broking and Steel City Commodity Brokerage Charges

Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Angel Broking charges Rs.20 Per Order for commodity trading, while Steel City charges NA.

Commodity Brokerage ChargesAngel BrokingSteel City
Commodity Options BrokerageRs.20 Per OrderNA

Angel Broking and Steel City Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Angel Broking levies a minimum brokerage fee of Percentage of Transaction, while Steel City charges Percentage of Transaction brokerage fee.

Transaction Brokerage Charges: Angel Broking levies a transaction brokerage charge of 0.00325% of Total Turnover, while Steel City charges 0.00300%.

SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Angel Broking is 0.0002% of Total Turnover and for Angel Broking is 0.0002% of Total Turnover.

Stamp Duty Charges: This fee is charged as per the state and asset class.

GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)

STT (Securities Transaction Tax): The STT charges for Angel Broking are 0.0126% of Total Turnover, while for Steel City, they are 0.0126% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. Angel Broking charges Additional Rs 20 per executed order and Steel City charges NA.

Other Brokerage ChargesAngel BrokingSteel City
Minimum Brokerage ChargesPercentage of TransactionPercentage of Transaction
Transaction Brokerage Charges0.00325% of Total Turnover0.00300%
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp Duty ChargesAs per the stateAs per the state
GST Charges18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover0.0126% of Total Turnover
Call and Trade ChargesAdditional Rs 20 per executed orderNA

Angel Broking and Steel City Equity Exposure/Leverage

With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.

Equity Delivery: Leverage provided for Equity Delivery by Angel Broking is up to Upto 20x and by Steel City it is up to Upto 1x.

Equity Intraday: Leverage for equity intraday by Angel Broking is up to Upto 40x and by Steel City it is up to Upto 7x.

Equity Futures: Leverage for Equity Futures by Angel Broking is up to Upto 10x and by Steel City it is up to Upto 1x.

Equity Options: Leverage for Equity Options by Angel Broking is up to Upto 10x and by Steel City also, it is up to Upto 5x.

Equity LeverageAngel BrokingSteel City
Equity DeliveryUpto 20xUpto 1x
Equity IntradayUpto 40xUpto 7x
Equity FuturesUpto 10xUpto 1x
Equity OptionsUpto 10xUpto 5x

Angel Broking and Steel City Currency Leverage

The currency futures leverage provided by Angel Broking is up to Upto 5x, while for Steel City it is up to Upto 2x.

The currency options leverage provided by Angel Broking is up to Upto 7x, while for Steel City it is up to Upto 2x.

Currency LeverageAngel BrokingSteel City
Currency FuturesUpto 5xUpto 2x
Currency OptionsUpto 7xUpto 2x

Angel Broking and Steel City Commodity Leverage

The commodity leverage provided by Angel Broking is up to Upto 10x, while for Steel City it is up to Upto 1x.

Commodity LeverageAngel BrokingSteel City
CommodityUpto 10xUpto 1x

Angel Broking and Steel City Offers

Brokers offer various exciting offers to entice new customers. Here are some of them:

Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.

Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.

Brokerage Discounts: Coupons providing up to 50% discount at their rates.

Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.

1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.

Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.

Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.

Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.

OffersAngel BrokingSteel City
Free Stock Trading AccountYesYes
Free Demat AccountYesYes
Flexible PlansYesYes
Brokerage DiscountsYesYes
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersYesNo
Referral ProgramYesNo
Zero Brokerage on Loss TradesNoNo

Angel Broking and Steel City Features

Equity Trading: Angel Broking and Steel City brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.

Currency and Commodity Trading: Angel Broking and Steel City also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of Angel Broking and Steel City broker is that you can also invest in IPOs. Angel Broking also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. Angel Broking offers trading exposure of up to Upto 40x, while Steel City gives up to Upto 7x.

Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Angel Broking and Steel City, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Angel Broking and Steel City also allow you to trade in forex trading.

FeaturesAngel BrokingSteel City
Equity Delivery TradingYesYes
Equity Intraday TradingYesYes
Equity Futures TradingYesYes
Equity Options TradingYesYes
Currency TradingYesYes
Commodity TradingYesNo
IPO (Initial public offering)YesYes
Stocks SuggestionsNoNo
Robo AdvisoryYesNo
PMS (Portfolio Management Services)YesNo
Trading InstitutionNoNo
Trading ExposureUpto 40xUpto 7x
Mutual FundsYesYes
SIP (Systematic Investment Plan)YesYes
Forex TradingNoNo
BankingNoNo
InsuranceNoYes

Angel Broking and Steel City Advisory Services

Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-

Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.

Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Angel Broking and Steel City offer you in-depth research reports.

Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.

Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.

Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.

Advisory ServicesAngel BrokingSteel City
Fundamental ReportsYesNo
Research ReportsYesYes
Company ReportsYesNo
Annual ReportsYesNo
Company Stock ReviewYesNo
Free Stock TipsYesYes
IPO ReportsYesYes
Top PicksYesNo
Daily Market ReviewYesYes
Monthly ReportsYesYes
Weekly reportsYesYes
Offline AdvisoryYesYes
Relationship ManagerYesYes

Angel Broking and Steel City Desktop Trading Platforms

A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Angel Broking and Steel City offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.

Desktop Trading PlatformsAngel BrokingSteel City
WindowsYesYes
MacYesNo
Desktop BrowserYesYes

Angel Broking and Steel City Mobile Trading Platforms

Angel Broking and Steel City offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading PlatformsAngel BrokingSteel City
Mobile BrowserNoYes
Android AppYesNo
iOS AppYesNo
Windows AppNoNo
Other mobile osNoNo

Angel Broking and Steel City Customer Support

Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Angel Broking and Steel City give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.

Customer Support FeaturesAngel BrokingSteel City
Relationship ManagerYesYes
Offline TradingNoYes
Online TradingYesYes
24 * 7 SupportYesNo
Email SupportYesYes
Chat SupportNoNo
Toll free numberNoNo
Support Branches18010

Angel Broking and Steel City Customer Complaints

The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Angel Broking and Steel City registered and resolved complaints.

For Angel Broking, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.

For Steel City, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.

We can say that Angel Broking is better than Steel City in case of resolving customer complaints.

BSE ComplaintsAngel BrokingSteel City
BSE Complaints1281
BSE Resolved Complaints1281
Percentage of resolved BSE complaints100.00 %100.00 %
NSE Complaints1965
NSE Resolved Complaints1965
Percentage of resolved NSE complaints100.00 %100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %100.00 %

Frequently Asked Questions


  1. Is Angel Broking better than Steel City?

    Angel Broking and Steel City are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.

  2. Is Steel City better than Angel Broking?

    Steel City and Angel Broking are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.

  3. Which is cheaper between Angel Broking and Steel City?

    Angel Broking and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.

  4. Which is better, Angel Broking and Steel City?

    To figure out which of the two stockbrokers, Angel Broking and Steel City, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.


Compare Angel Broking with other stock brokers

Visit the following pages to see a detailed comparision report of Angel Broking with other brokerage firms.


Compare Steel City with other stock brokers

Visit the following pages to see a detailed comparision report of Steel City with other brokerage firms.