Broker comparison
Angel One vs Arrow (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Angel One and Arrow from published official pricing and features — no affiliation with either broker.
- 0 – 1Cheaper on example trades (Angel One – Arrow)
- 6 – 4Published features (of 9)
| Metric | Angel One | Arrow |
|---|---|---|
| Delivery brokerage | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹0 (free) |
| Intraday brokerage | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹20 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) |
| AMC | Free first year, then ₹60 + GST per quarter (non-BSDA) | ₹0 (individual accounts; ₹500/year for non-individual accounts) |
| Account opening | Free (online) | ₹0 (free) |
| Trading API | SmartAPI — Free (per official SmartAPI page) | Arrow API — See official docs |
| Reported execution speed | ≈ 95 ms (median) | 95% < 2.9 ms · 99% < 4 msself-reported |
| Algo support | Yes - free SmartAPI with multi-language SDKs | API with Python & Go clients; in-house algo tools “Coming soon” per official site |
| Platforms | Angel One app, Angel One web, SpeedPro | Arrow mobile app (iOS/Android), Arrow web, Python & Go clients |
| Best for (published) | Traders who want flat-fee pricing plus research, or a free multi-language API. | Latency-sensitive and professional traders who prioritise order-execution speed. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
Cost face-off: what real trades cost
| Trade | Angel One | Arrow | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹82.97 | Tie |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹131.78 | Arrow (saves ₹47.2) |
| Options: premium ₹100 × 75 | ₹66.43 | ₹66.43 | Tie |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹1,067.15 | Tie |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Angel One | Arrow |
|---|---|---|
| Free delivery | – | ✓ |
| Zero AMC | – | ✓ |
| Free API | ✓ | – |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | – |
| IPO | ✓ | – |
| Research desk | ✓ | – |
| Published speed | ✓ | ✓ |
What the published data shows
Arrow publishes free equity delivery; Angel One does not (per official pricing at review). Both publish execution-speed figures (Angel One: ≈ 95 ms (median); Arrow: 95% < 2.9 ms · 99% < 4 ms) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Angel One full profile
- Arrow full profile
- Angel One brokerage calculator
- Arrow brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Angel One vs Arrow: which has lower delivery brokerage?
At our last review, Angel One published delivery brokerage as "₹20 or 0.1% per order (whichever is lower), minimum ₹5" and Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Angel One or Arrow have a trading API?
Both have documented APIs at review time: Angel One (SmartAPI), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Angel One or Arrow?
Angel One publishes ≈ 95 ms (median); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is Angel One cheaper than Arrow?
On our four example trades (intraday, delivery, options and futures), Angel One is cheaper on 0, Arrow on 1, and 3 are tied. Statutory charges are identical, so any difference comes from brokerage.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Angel One - official website - https://www.angelone.in
- Angel One - official pricing - https://www.angelone.in/pricing
- Arrow - official website - https://arrow.trade
- Arrow - official pricing - https://arrow.trade/pricing