Top Stock Advisory
Angel Broking vs. Stewart Mackertich Wms
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 Stewart Mackertich Wms. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Angel Broking and Stewart Mackertich Wms.
Overview
Angel Broking is private company and Stewart Mackertich Wms is public company. both are full service broker as well. Dinesh Thakkar co-founded Angel Broking in 1987. And Stewart Mackertich Wms was founded in the year 1993 by Rahul Kayan, Ashiwini Kumar Tripathi. Angel Broking's headquarters are in Mumbai, India and Stewart Mackertich Wms's headquarters are in Kolkata, WB.
Angel Broking and Stewart Mackertich Wms both are full service broker as well. Angel Broking is registered in BSE, NSE, MCX, NCDEX, while Stewart Mackertich Wms is registered in NA. The total branches of Angel Broking are 900 and the Stewart Mackertich Wms branches are Nil.
| Overview | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Mumbai, India | Kolkata, WB |
| Founders | Dinesh Thakkar | Rahul Kayan, Ashiwini Kumar Tripathi |
| Foundation Year | 1987 | 1993 |
| Supported Exchanges | BSE, NSE, MCX, NCDEX | NA |
| Total branches | 900 | Nil |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms charging Rs.250.
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 Stewart Mackertich Wms Demat account is Rs.250 per Annum. The Trading AMC for Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms is CDSL.
| Account Opening and Demat Charges | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Trading Account Opening Charges | Zero | Rs.250 |
| Demat AMC (Annual Maintenance Charges) | Free or Rs.300 per Annum | Rs.250 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero Margin | Minimum Rs.5,100 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL | CDSL & NSDL |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms charges you 0.36%.
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 Stewart Mackertich Wms also, it is 0.04%.
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 Stewart Mackertich Wms charge 0.04% 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 Stewart Mackertich Wms charges Rs.36 per Lot.
| Equity Brokerage Charges | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Equity Delivery Brokerage | Free | 0.36% |
| Equity Intraday Brokerage | Rs.20 Per Order | 0.04% |
| Equity Futures Brokerage | Rs.20 Per Order | 0.04% |
| Equity Options Brokerage | Rs.20 Per Order | Rs.36 per Lot |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms is 0.04%.
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.36 per Lot.
| Currency Brokerage Charges | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Currency Futures Brokerage | Rs.20 Per Order | 0.04% |
| Currency Options Brokerage | Rs.20 Per Order | Rs.36 per Lot |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms charges 0.04%.
| Commodity Brokerage Charges | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Commodity Options Brokerage | Rs.20 Per Order | 0.04% |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Angel Broking levies a transaction brokerage charge of 0.00325% of Total Turnover, while Stewart Mackertich Wms charges 0.00299% of Total Turnover.
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 Stewart Mackertich Wms, they are 0.0112% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Angel Broking charges Additional Rs 20 per executed order and Stewart Mackertich Wms charges NA.
| Other Brokerage Charges | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00299% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0112% of Total Turnover | Call and Trade Charges | Additional Rs 20 per executed order | NA |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Angel Broking is up to Upto 40x and by Stewart Mackertich Wms it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Angel Broking is up to Upto 10x and by Stewart Mackertich Wms it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Angel Broking is up to Upto 10x and by Stewart Mackertich Wms also, it is up to Upto 6x.
| Equity Leverage | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Equity Delivery | Upto 20x | Upto 2x | Equity Intraday | Upto 40x | Upto 5x | Equity Futures | Upto 10x | Upto 3x | Equity Options | Upto 10x | Upto 6x |
Angel Broking and Stewart Mackertich Wms Currency Leverage
The currency futures leverage provided by Angel Broking is up to Upto 5x, while for Stewart Mackertich Wms it is up to Upto 1x.
The currency options leverage provided by Angel Broking is up to Upto 7x, while for Stewart Mackertich Wms it is up to Upto 3x.
| Currency Leverage | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Currency Futures | Upto 5x | Upto 1x | Currency Options | Upto 7x | Upto 3x |
Angel Broking and Stewart Mackertich Wms Commodity Leverage
The commodity leverage provided by Angel Broking is up to Upto 10x, while for Stewart Mackertich Wms it is up to Upto 2x.
| Commodity Leverage | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Commodity | Upto 10x | Upto 2x |
Angel Broking and Stewart Mackertich Wms 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.
| Offers | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | No | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | Yes | Yes | Zero Brokerage on Loss Trades | No | No |
Angel Broking and Stewart Mackertich Wms Features
Equity Trading: Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms gives up to Upto 5x.
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 Stewart Mackertich Wms, 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 Stewart Mackertich Wms also allow you to trade in forex trading.
| Features | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | Yes | No | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | No | No | Trading Exposure | Upto 40x | Upto 5x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms 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 Services | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| Company Stock Review | Yes | Yes |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | No |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms 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 Platforms | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Angel Broking and Stewart Mackertich Wms Mobile Trading Platforms
Angel Broking and Stewart Mackertich Wms offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms 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 Features | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | Yes | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 180 | 380 |
Angel Broking and Stewart Mackertich Wms 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 Stewart Mackertich Wms 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 Stewart Mackertich Wms, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Angel Broking is better than Stewart Mackertich Wms in case of resolving customer complaints.
| BSE Complaints | Angel Broking | Stewart Mackertich Wms |
|---|---|---|
| BSE Complaints | 128 | 0 |
| BSE Resolved Complaints | 128 | 0 |
| Percentage of resolved BSE complaints | 100.00 % | NaN % |
| NSE Complaints | 196 | 1 |
| NSE Resolved Complaints | 196 | 1 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | NaN % |
Frequently Asked Questions
Is Angel Broking better than Stewart Mackertich Wms?
Angel Broking and Stewart Mackertich Wms 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.
Is Stewart Mackertich Wms better than Angel Broking?
Stewart Mackertich Wms 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.
Which is cheaper between Angel Broking and Stewart Mackertich Wms?
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.
Which is better, Angel Broking and Stewart Mackertich Wms?
To figure out which of the two stockbrokers, Angel Broking and Stewart Mackertich Wms, 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 Stewart Mackertich Wms with other stock brokers
Visit the following pages to see a detailed comparision report of Stewart Mackertich Wms with other brokerage firms.