Updated September 29, 2026 · SumCue Editorial Team
Angel One vs FP Markets
Angel One
Higher score in this comparison
FP Markets
What sets them apart
| Compare | Angel OneReviewSee alternativesSee alternatives | FP MarketsReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | ₹0 | A$100 |
| Markets | Bonds, ETFs, Forex, Funds, Futures, Options, Stocks | Forex, CFDs |
| Stock trade fee | ₹20 | Not confirmed |
| Account fee | ₹0 | Not confirmed |
| Regulators | Not confirmed | ASIC, SIPC |
| Investor protection | Not confirmed | SIPC up to USD 500,000 |
| Retail accounts that lose money | Not confirmed | 72.5% |
| Margin rate | 0% | Not confirmed |
| Options contract fee | ₹20 | Not confirmed |
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Angel One scores higher overall: 9.6 vs 8.9.
- Markets: only Angel One offers Bonds, ETFs, Funds.
- Markets: only FP Markets offers CFDs.
Our verdict on each
Angel One
Angel One suits investors who want an account with no standing charge and a wider spread of markets than plain shares. The account fee of INR 0 and minimum deposit of INR 0 keep entry cheap, and a stock trade is charged at INR 20.
FP Markets
FP Markets is a broker for active traders who want an Australian regulated firm with a US protection scheme behind the account and a small entry deposit. It covers forex and cfds, the minimum deposit is AUD 100, and 72.5% of retail accounts lose money.
Score breakdown
| Area | Angel One | FP Markets |
|---|---|---|
| Cost | 9.4HigherStock trade fee of INR 20 and options fee of INR 20 put it mid table on trade costs. | 8.7Entry cost is light at AUD 100, below the typical €22.58 for forex brokers, so small balances can still open an account. |
| Offer | 9.9Higher | 8.6 |
| Trust | Not confirmed | 9.4 |
How they place
| Ranking | Angel One | FP Markets |
|---|---|---|
| Investing | 54 of 654 | 236 of 654 |
| Forex brokers | 15 of 147 | 73 of 147 |
Every fact side by side
| Fact | Angel One | FP Markets |
|---|---|---|
| Features | Demo account, Mobile app | Not confirmed |
| Legal entity | Not confirmed | RB INTERNATIONAL MARKETS (USA) LLC |
Where each stands against the rest
| Fact | Angel One | FP Markets | Median |
|---|---|---|---|
| Stock trade fee | ₹20at the median | Not confirmed | ₹20 |
| Account fee | ₹0at the median | Not confirmed | ₹0 |
| Retail accounts that lose money | Not confirmed | 72.5%above the median | 72.21% |
| Margin rate | 0%lowest quarter | Not confirmed | 8.83% |
| Options contract fee | ₹20at the median | Not confirmed | ₹20 |
Median across 49 listed providers.
Pros and cons
Angel One
Pros
- Account fee of INR 0 and a minimum deposit of INR 0 make it cheap to open and hold an account.
- One account covers bonds, etfs and forex, so shares, funds, bonds and forex sit together.
- A demo account and a mobile app are both listed: demo account and mobile app.
Cons
- eToro charges $0 on a stock trade against INR 20 here.
- The stock trade fee ranks 101 of 166 on this measure, so Angel One is not the cheapest broker for equity trades.
- Retail accounts that lose money run 70.15% at the median across brokers, so keep expectations modest.
FP Markets
Pros
- Minimum deposit of AUD 100 against a typical €22.58 across forex brokers.
- Regulated by ASIC and SIPC, with protection of SIPC up to USD 500,000.
- A named contracting entity, RB INTERNATIONAL MARKETS (USA) LLC, listed as SIPC member 71021.
Cons
- Leveraged trading risk runs high: 72.5% of retail accounts lose money, near the 72.13% across the category.
- The product list is forex and cfds, so there is no share dealing or fund platform alongside it.
- CFI opens at $0, so FP Markets asks for more before you can trade.
Who each suits
Angel One
Who it suits
- New investors who want to practise before committing money: demo account and mobile app.
- Traders who want equities, funds, bonds and forex under one account: bonds, etfs and forex.
- Cost conscious beginners, since the minimum deposit is INR 0.
Who should look elsewhere
- Anyone after commission free equity trades: eToro charges $0.
- Buyers who want a stated floor on funding: bunq sets a minimum deposit of €10.
FP Markets
Who it suits
- Active traders who hold Australian dollars and can fund AUD 100 to trade forex and CFDs.
- Anyone who wants to know which company holds the balance: RB INTERNATIONAL MARKETS (USA) LLC.
- Traders who want ASIC regulation alongside US cover of SIPC up to USD 500,000.
Who should look elsewhere
- Anyone starting from nothing: CFI takes $0.
- People after everyday money handling rather than leveraged trading: bunq opens at €10.
- Anyone wanting a Mexican regulator instead of ASIC and SIPC: Fiesta Credito MX is listed with CONDUSEF.
Current offers
Angel One
Current offer
First period offer
Rs 0 brokerage for first 30 days up to Rs 500: Rs 500 brokerage discount
Brokerage up to Rs 500 will not be charged for the first 30 days after onboarding; 0 brokerage across all segments for first 30 days, up to Rs 500
Source, checked September 26, 2026
Country by country
| Country | Angel One | FP Markets |
|---|---|---|
| India | Yes | No |
Questions about each
Angel One
What does it cost to open an Angel One account?+
Angel One lists a minimum deposit of INR 0 and an account fee of INR 0. That means an account can sit idle without a standing charge, and the only cost that matters is the one paid when you place a trade.
How much does a stock trade cost at Angel One?+
A stock trade is charged at INR 20. Across the brokers compared, that number ranks 101 of 166 brands, so equity trading here is cheaper than at many rivals but not the cheapest of all.
FP Markets
How much do I need to deposit to start trading with FP Markets?+
The stated minimum deposit is AUD 100. Across the forex brokers compared here the typical figure is €22.58, and FP Markets sits at 148 of 218 brands on that measure. A modest balance is enough to open an account and place a position.
Is FP Markets regulated?+
FP Markets is regulated by ASIC and SIPC, which pairs an Australian registration with a US membership. The US entry is recorded as SIPC member 71021. Because the registrations sit with different entities, it is worth checking which one matches the account you open.
Other options to compare
Angel One
FP Markets