Updated September 29, 2026 · BrokerCue Editorial Team
Angel One vs Topstep
Angel One vs Topstep: the differences
| Compare |  Angel One |  Topstep |
|---|---|---|
| Minimum deposit | ₹0 | $49 |
| Stock trade fee | ₹20 | $0.50 |
| Account fee | ₹0 | $0 |
| Markets | Bonds, ETFs, Forex, Funds, Futures, Options, StocksCovers more | Futures |
| Inactivity fee | Not confirmed | $0 |
| Regulators | Not confirmed | National Futures Association (NFA) registered introducing broker, Topstep Brokerage LLC, Commodity Futures Trading Commission (CFTC) registered FCM / NFA member, Plus500US Financial Services LLC |
| Investor protection | Not confirmed | SIPC up to USD 500,000 |
| Margin rate | 0% | Not confirmed |
| Options contract fee | ₹20 | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | 1% processing fee on debit card deposits and withdrawals; wire fee $10 outbound, $0 inbound |
| Platforms | Not confirmed | TopstepX |
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Key differences
- Angel One scores higher overall: 9.6 vs 9.5.
- Markets: only Angel One offers Bonds, ETFs, Forex.
- Features: only Angel One offers Mobile app.
- Features: only Topstep offers Futures.
Our verdict on each
Angel One
Angel One suits beginners and active traders in India who want a mobile app and a demo account, with no minimum deposit at INR 0. The account fee of INR 0 keeps holding costs low, while the stock trade fee of INR 20 makes frequent buying the expensive part.
Topstep
Topstep suits beginners who want a low-cost route into futures prop trading, pairing a challenge price of $49 with a profit split of 90% that is competitive without topping the table. The brokerage account adds an account fee of $0 and payouts Every 2 weeks, so it suits a funded account you plan to grow.
Score breakdown
| Area | Angel One | Topstep |
|---|---|---|
| Cost | 9.4Account fee INR 0 and margin rate 0% are the strong points, while INR 20 for each stock trade holds the cost score back. | 9.4Account fees are $0, the inactivity fee is $0 and the challenge costs $49, against a site median of €56.56. |
| Offer | 9.9Higher | 9.790% paid Every 2 weeks on a 2 step evaluation, with markets limited to futures. |
| Trust | Not confirmed | 9.5 |
What each covers
| Markets | Angel One | Topstep |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | Yes | No |
| Options | Yes | No |
| Futures | Yes | Yes |
| Bonds | Yes | No |
| Funds | Yes | No |
How they place
| Ranking | Angel One | Topstep |
|---|---|---|
| Futures trading platforms | 7 of 83 | 12 of 83 |
What we checked
Angel One
- angelone.in: 7 facts, checked September 26, 2026
Topstep
- topstep.com: 8 facts, checked September 26, 2026
- topstepbrokerage.com: 5 facts, checked September 26, 2026
- nfa.futures.org: 2 facts, checked September 26, 2026
- help.topstepbrokerage.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Angel One | Topstep |
|---|---|---|
| Features | Demo account, Mobile app | Demo account, Futures |
| Pricing model | Not confirmed | Low fees |
| Audience | Not confirmed | Beginners |
| Legal entity | Not confirmed | Topstep LLC |
| Headquarters | Not confirmed | United States |
| Founded | Not confirmed | 2010 |
| Support channels | Not confirmed | Email, Chat, Phone, Help centre, Community |
Where each stands against the rest
| Fact | Angel One | Topstep | Median |
|---|---|---|---|
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Margin rate | 0%lowest quarter | Not confirmed | 8.79% |
| Options contract fee | ₹20at the median | Not confirmed | ₹20 |
Median across 36 listed brokers.
Pros and cons
Angel One
Pros
- Account upkeep is simple: the account fee is INR 0.
- You can start small, since the minimum deposit is INR 0.
- One account covers bonds, etfs and forex, so shares, funds, bonds and derivatives sit together.
Cons
- The stock trade fee of INR 20 is the weak spot: eToro lists $0 for the same trade.
- On stock trade fee it ranks position 99 of 161, so it sits well down that list.
- Each options contract adds INR 20, and that charge repeats on every contract you trade.
Topstep
Pros
- Entry is priced at $49 for a 2 step evaluation, with a profit split of 90%.
- The brokerage account fee is $0 and the inactivity fee is $0, so an account left open does not slowly bleed money.
- Payouts arrive Every 2 weeks, a steadier rhythm than a single monthly cycle.
Cons
- The split of 90% leaves a share of profits with the firm, where Apex Trader Funding shares 100%.
- Markets are futures only, against 80.6% of the brands here that cover stocks.
- Topstep ranks 7 of 21 on challenge price, and Alpha Capital Group lists $27 for its own challenge.
Who each suits
Angel One
Who it suits
- New investors in India who want to open an account with no minimum deposit and try a demo account first.
- Traders who work mainly from a phone, since a mobile app is one of the listed features in demo account and mobile app.
- Buy and hold investors, because the account fee of INR 0 keeps the cost of holding steady.
Who should look elsewhere
- Frequent share traders, since eToro lists $0 on stock trades against INR 20 here.
- Anyone who wants a stated starting amount to plan around: Vantage lists $5 while Angel One lists INR 0.
Topstep
Who it suits
- Beginners testing futures prop trading, since beginners lists beginners and demo account and futures includes a demo account.
- Traders who want low running costs on a funded account: an account fee of $0, an inactivity fee of $0 and 90% kept of profits.
- Anyone weighing entry price against share, since Funding Pips runs challenge prices of $29 to $555, a different price point to Topstep's $49.
Who should look elsewhere
- Traders who want the whole profit, since Apex Trader Funding shares 100% against the 90% kept here.
- Anyone trading stocks, ETFs or crypto, because the market list is futures.
- Budget-first buyers, since Alpha Capital Group lists $27 for its challenge.
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
Topstep
Current offer
Discount code
Responsible Trading Advantage discounts: Up to $30/month
Add a Daily Loss Limit to unlock exclusive benefits, including larger payout caps and discounts on eligible accounts; listed as -$10 / -$20 / -$30 on the $50K / $100K / $150K accounts
Source, checked September 26, 2026
Discount code
Topstep Trading Combine monthly discount: -$10 to -$30
One-time activation fee paid after passing the Trading Combine; discount is shown alongside the eligible account price
Source, checked September 26, 2026
Country by country
| Country | Angel One | Topstep |
|---|---|---|
| India | Yes | No |
Questions about each
Angel One
Is there a minimum deposit to open an account?+
The minimum deposit is listed as INR 0, so you can open an account and add money when you are ready. Across the 213 brands on our ranking, Angel One sits at position 1 on this measure, which puts it among the cheapest ways in.
What does it cost to keep the account open?+
The account fee is listed as INR 0, so there is no charge for holding the account open. That measure places Angel One at position 1 across 138 brands ranked, so upkeep is the strongest part of the cost picture. Your costs come from each deal instead.
Topstep
How much does the Topstep challenge cost?+
The evaluation fee is $49, and the same figure is listed as the minimum deposit, so that is the outlay before any trading. For context, the median challenge price across the brands here is €56.56. A failed attempt means paying the fee again to try, so treat it as a cost of repeated attempts rather than a single ticket.
What profit do I keep and how quickly are payouts made?+
Once funded, you keep 90% of the profit, and payouts go out Every 2 weeks. The split is a percentage of profit rather than a flat fee, so a thin month does not eat into it. The cadence matters as much as the percentage for cash flow, since a good month reaches your account sooner with a frequent schedule.
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