Angel One
Depends
Confidence: Medium
A reasonable low-cost, all-in-one broker for Indian retail investors who accept platform risk.
New check
Comparison
Angel One vs Upstox
Angel One and Upstox both land on Depends.
Upstox
Depends
Confidence: Medium
A legitimate, low-cost Indian broker that works fine if you trade cheaply and never need help.
| Compare | Angel One | Upstox |
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Indian retail investors wanting one app for everything | Cost-sensitive active traders in India |
| Who it's not for | Anyone who treats data security as a dealbreaker | Anyone who might need responsive customer support |
| Privacy | Breached: Feb 2025 AWS compromise leaked personal data of ~8 million users; company says it is assessing impact.² | Major April 2021 data breach disclosed; now runs a bug bounty program and public trust-and-security page. |
| Support quality | 1.9/5 Trustpilot; Reddit demat horror threads | SEBI referrals, horror threads, negative Trustpilot |
| Public sentiment | Reviews are split: users praise the app's smart, user-friendly tools, while Reddit and Trustpilot are full of complaints about charges and support.⁹ | Long-term users accept the pricing and app, but Reddit and Trustpilot repeatedly flag bad support, new AMC fees, and difficult account closure.13 |
| Biggest gotcha | Support reviews are poor; expect slow grievance resolution⁶ | Account maintenance charges introduced/raised; users report surprise fees on existing accounts15 |
Pick Angel One when
- Indian retail investors wanting one app for everything
- F&O and IPO investors
- Beginners wanting guided, low-cost trading
- Algo traders via SmartAPI
When Angel One is not a fit
- Anyone who treats data security as a dealbreaker
- Users needing fast, reliable customer support
- Traders outside Indian exchanges (NSE/BSE only)
- Privacy-sensitive investors wary of breached platforms
Pick Upstox when
- Cost-sensitive active traders in India
- Beginners wanting stocks, MFs, IPOs in one app
- Chart-focused intraday traders
When Upstox is not a fit
- Anyone who might need responsive customer support
- Idle or small account holders hit by AMC fees
- Non-India users . the broker is India-focused
- Users unwilling to accept its 2021 data breach history
Sources
- Angel One homepageangelone.inofficial
security
security
- ET Now: AWS resources compromised in data leaketnownews.comsecurity
news
- Trustpilot: Angel Broking reviews (1.9 Poor)trustpilot.comreview
- Reddit: DO NOT OPEN DEMAT IN ANGEL ONE!reddit.comreview
- Reddit: Zerodha or Angel One comparisonreddit.comreview
- Reddit: I use Angel Onereddit.comreview
- Forbes Advisor India: Angel One reviewforbes.comreview
- MarketXLS: Angel One SmartAPI Excel integrationmarketxls.comofficial
- Angel One brokerage charges support pageangelone.inofficial
- Upstox customer service reviews on Trustpilottrustpilot.comreview
review
- Reddit: HIGH Upstox AMCreddit.comreview