Angel Broking Review

Angel Broking Rating
Angel Broking Review
Angel Broking Reputation
10
Trading Platform
9.6
Brokerage and Pricing
9
Advisory & Research Facilities
9
Customer Services
9.4
Pros
Very Low Brokerage Fee.
Save Over 60% Brokerage.
Free Trading Software.
Offer Equity Trading, F&O, Commodities, Mutual Funds, Etc.
Cons
Doesn’t Offer 3-In-1 Account.
(Call & Trade) ₹20 Per Executed Order.
9.4
Overall Rating

Angel Broking Review, Trading, Demat, Brokerage, Charges, Margin

Angel Broking is a well-known wealth management and stock brokerage company in India. Thanks to its technology rim, the company claims to have transformed retail investment in the country. In addition, the firm has been serving a various spectrum of clients for over 30 years, offering a variety of financial solutions based on cutting-edge digital technology. In addition to an expansive network of sub-brokers, the company has developed up to 16,308 trading terminals. You can find an unbiased Angel Broking review here. 

Angel Broking, known as angel one, based in 1987, is considered one of India’s pinnacle full-provider retail brokers, providing a cut-price brokerage offering. The multiple organizations’ investing and buying and selling offerings contain stock and commodities brokers, budget counseling services, margin finance, loans against shares, and financial product issuing.

Type Full-Service Stock Broker
Founded 8 August 1996
Headquarters Mumbai, Maharashtra, India
Key People(s) Dinesh Thakkar (Chairman & MD)
Narayan Gangadhar (CEO)
Website https://www.angelone.in

 

Angel Broking got up to date with its brokerage programs in November 2019 to compete with less expensive Stock brokers like Zerodha. Angel Broking currently affords the ‘Angel iTrade PRIME’ low-price brokerage package. This plan permits customers to trade in all sectors (Intraday, F&O, Currencies & Commodities) for ₹20 per trade, except for Equity Delivery, available to all users complimentary. Across businesses and elements, the exact brief rate applies.

The stockbroking firm has inscribed itself a niche in online share trading and has established itself as a game-changer in the retail investment market. Previously, financial solutions services were only available to the ultra-wealthy.

Angel broking combines the most remarkable instruments to offer investors the most value through customized service delivery, state-of-the-art technology, new products, and investment methods. One of the essential features of the ARQ is its intelligent investment engine, which the firm use to bridge the gap between seasoned and experienced investors by providing specialized investment advice and methods. Furthermore, because today’s investor is well-informed and understands what is best for them, the organization devised novel techniques for investors to make well-informed investment selections with relief.


How to Create a Demat Account with Angel Broking?

Step 1:- On the Account Creation mesh, provide your Full Name, City, and Mobile Number. An OTP will get sent to your given phone number for confirmation. 

 Step 2:- On the next page, you’ll need to fill in a few more critical facts. Your date of birth, PAN number, email address, bank account number, and IFSC code must get documented here. After you’ve entered all of your information, click ‘Proceed.’

 Step 3:- After that, you must choose a plan. The “Angel iTrade Prime” plan will get provided to you. You will not get charged any account opening fees because they have got waived for the time being.

Step 4:- In this step, you must present some additional personal information. You must submit details such as your annual income, occupation, and father’s and mother’s names. You must submit your PAN card and bank statement on the following page. 

Click ‘Continue’ after entering your information and uploading your papers.

Step 5:- For Bank Verification, you must upload your PAN Card, Cancelled Cheque or Passbook, and Bank Statement (Optional) for F&O Trading. Click “Proceed” after you get done uploading your documents.

Step 6:- The conclusive step is the eSign procedure, which is somewhat concise. You must enter your 12-digit Aadhar card number here. After that, you’ll get an OTP on your Aadhar-registered phone number. On this page, enter the OTP and click ‘Submit.’ 

Step 7:- ‘In-person Verification (IPV)’ is the final phase. To complete the IPV or self-verification, you must record a short video of your face and upload the video file. You can use your phone or laptop to create a video. IPV is required while building an online account. After the videotape gets successfully uploaded, you’ll notice a success message that states, ‘Thank you, we have received your IPV.’ 

Congratulations. That is all there is to it. You have got done with the Angel Broking account opening. 

After you complete all seven procedures, your account will get activated within 24 hours, and you will receive login credentials for your trading account. 


Demat Account Opening Charges

Angel Broking Demat charges get waived, which is a fantastic benefit for opening a Demat account with this full-service broker.

However, you must spend a yearly AMC, known as Angel Broking Demat Account Charges, to hold an account with them. There are no added fees associated with the trading account.

Open Free Demat Account


    Angel Broking Annual Maintainance Charges are ₹450 for its customers. However, you can get it for free if you take advantage of their other maintenance charge discounts, which they run frequently. The trading account is also free of charge to maintain.

    You will also be permitted to free AMC service for the first year, counting on the Margin you maintain in your account.


    Angel Broking Charges

    Angel One allows you to trade Equity Delivery for free. Angel Broking Demat Account charges a maximum of ₹20 per order and a minimum of 0.25% of the transaction value for Equity Intraday, F&O, Currency, and Commodity trading. Angel broking brokerage charges an investor a range of additional transaction and regulatory fees. They may also pay the Demat fees, in addition to the brokerage.

    Transaction   Fee
    Trading Account Opening Charges [One Time] ₹0 (Free)
    Trading Annual Maintenance Charges AMC (Yearly) ₹0 (Free)
    Demat Account Opening Charges (One Time) ₹0 (Free)
    Demat Account AMC (Yearly) ₹240 

    Angel Broking Intraday Trading plans 

    Plan Name Angel Broking Diet
    Equity Delivery ₹0 (Free)
    Equity Intraday ₹20 per executed order
    Equity Futures ₹20 per executed order
    Equity Options ₹20 per executed order
    Currency Futures ₹20 per executed order
    Currency Options ₹20 per executed order
    Commodity Futures ₹20 per executed order
    Commodity Options ₹20 per executed order

    Angel Broking Brokerage Plan

    Angel Broking plan presents Angel iTrade Prime Plan that charges ₹0 commission on equity delivery trades and a flat ₹20 commission on all other segments.

    Angel Broking’s iTrade plan is a unique plan launched in April 2019. They initiated this plan to compete straight with their discount broker competitors.

    Brokerage Charge & FeesAngel iTrade Prime

    Equity Delivery Trading FREE
    Equity Intraday Trading ₹20 per order
    Commodity Options Trading ₹20 per order
    Equity Futures Trading ₹20 per order
    Equity Options Trading ₹20 per order
    Currency Futures Trading ₹20 per order
    Currency Options Trading ₹20 per order
    Minimum Brokerage ₹20 per order
    Demat AMC Charges Free or ₹300
    Trading AMC Charges FREE
    Margin Money Zero

    Why choose Angel Broking as your trading platform?

    They work especially hard as numerous investors have joined the Angel Broking family. Angel Broking put in all of its efforts to guarantee that the brand lives up to the trust placed in it by its customers.

    If you’re on the fence about going with Angel Broking, here’s a sneak peek at some convincing reasons why you should. 

    • Opening an account is the most straightforward and painless process. You may open a trading and Demat account in just a few minutes from the comfort of your own home, thanks to a 100% digital account opening process.
    • It gives you a complete digital experience from beginning to end. The broking business has used technology and digitization to smash barriers and present you with a completely digital experience. Everything is done digitally, from the account opening and KYC process through the trading experience.
    • It is a trading platform with a lot of flexibility. The trading forum of Angel Broking can get accessed via a smartphone app, a web browser, or a trustworthy desktop application. 
    • User-friendly trading platform. With the Angel Broking trading platform, you can track your money, and the market is a breeze. All of the essential information gets correctly laid out in front of you on a single page. It makes your trading straightforward.

    Products and Services

    The following is a list of some of Angel Broking’s products and services.

    • Currency
    • Equity trading
    • Mutual funds.
    • Insurance
    • Derivatives.
    • Advisory services.
    • Trading and Demat account
    • Depository service.

    In a nutshell, the organization encourages derivative trading through online and offline transactions. It produces the most up-to-date MF report alerts, permitting investors to partake in the market. Term plans, money-back plans, endowment plans, and children’s insurance plans are just a few of the insurance services available. There are also customized plans created to meet the needs of various clientele. 


    Exposure / Leverage

    Customers can accept up to 5x exposure through the brokerage firm. Openness varies depending on several factors. 

    • Holdings of Customers (Trader customer or high-value customer gets high exposure)
    • Customers’ Background (old client gets high leverage)
    • The kind of investment [Equity, derivatives, currency, commodity]
    • The scrip of the firm [High net worth company has high exposure scrip]
    Exposure / Leverage
    Equity Delivery 1x
    Equity Intraday Upto 5x
    Equity Futures 1x
    Equity Options 1x
    Currency Futures 1x
    Currency Options 1x
    Commodities Future 1x
    Commodities Option 1x
    Margin Calculator Available

     

    If you invest or trade with Angel Broking, the Margin Calculator will assist you in determining how much you will receive. 


    Angel Broking Trading Platforms

    Angel One trading platform provides various platforms for different devices and browsers. Let us quickly check these trading platforms.  

    • Desktop Platform – Windows  
    • Desktop Platform – Mac
    • Desktop Browser Platform
    • Android App Platform 
    • iOS App Platform
    • Real-time Updates     
    • Portfolio Details         
    • Online MF Buy           
    • News Flash    
    • Research Reports     
    • Easy Installation        
    • Global Indices 
    • Stock Tips      
    • Personalized Advisory           
    • Interactive Charts      
    • Live Markets  
    • SMS Alerts     
    • Email Alerts   
    • Multi-Account Management

    Mobile-based trading platform

    angel broking mobile application

    Customers can trade stocks on the fly using this smartphone app. This app, available on the Google Play Store and the App Store, delivers real-time prices for numerous indices and streaming market news alerts and intraday charts. Users can also trade across all market categories with ease. It enables straightforward access to reports and ledgers.

    Angel eye or Angel trade- web-based trading platform

    Angel eye or Angel trade- web-based trading platform

    It is a web-based platform that permits users to handle their portfolios, deal fast, and remain up to speed on market changes.


    Customer Care

    The services that this brokerage firm offers to its clients are listed below. 

    • Dedicated Dealer
    • Online Trading           
    • 24*7 Support  
    • Support Number- You have to fill in the form
    • Email Support
    • Branches-180 branches in total.

    At the beginning of his article, we promised to present an unbiased review of angel broking in front of you. So, here it is. There are some advantages and disadvantages penned down.


    Advantages & Disadvantages

    Advantages

    • Ultra-low brokerage costs get provided for full-service brokerage services.
    • A Stock broker demands a flat fee of ₹20 for each order, regardless of sector or exchange.
    • Research and advice get provided at no cost. Experts present daily, weekly, and research reports.
    • It presents Free Trading Software (website, mobile, and trading terminal).
    • Equity trading, futures and options, commodities, PMS, mutual funds, and insurance are just a few investing opportunities.
    • It has got a presence in hundreds of cities around India.
    • The company’s unrivaled brokerage experience in the industry spans 30 years.
    • For novices, training and assistance get presented.
    • Trading facility with a margin.
    • Collateralized securities
    • There are no fees for any fund transfers.

    Disadvantages

    • The lowest brokerage fees get demanded.
    • There is no brokerage calculator unrestricted.

    Angel Broking is one of the country’s major tech-driven flat-fee digital brokers, with 3.75 million active accounts. The brokerage company is always one of the top alternatives for every investor because of its low fees and value-added services.

    Angel Broking’s pricing has been flat since last year. As a result, funding with Angel Broking and receiving end-to-end investment assistance is preferable to trading with a budget broker with restricted services.


    Angel Broking Review FAQs

    Q- What is Angel Broking?

    Ans- Angel Brokerage, which has been in the business since 1987, is one of India’s top brokers and premier broker organizations. It is devoted to a model of retail stock trading. It offers its customers cutting-edge trading systems as well as skilled advice services.

    It has more than 27 years of understanding in the stock and commodity markets as a broking company. Mutual Funds, Commodities, Life Insurance, Institutional Equities, and Angel Fincap are all part of the Angel Group. 

    Q- How to open an Angel Broking Demat online?

    Ans-

    •  Go to the Angel One website.
    • In the upper right corner of the mesh, you can click the ‘Open Demat Account’ tab.
    • Enter down your name, phone number, and city in the given space
    • Enter the OTP sent to your registered phone number for the next step. 
    • Include information about your DOB, PAN number, email address, and bank account number.
    • Then, it will take you to another page. Click on Digilocker Instant Account Opening.
    • Give Digilocker access to your Aadhar number so it can check your KYC records.
    • You will get asked to mention your annual income, occupation, and father’s name.
    • The papers should get uploaded. (PAN, signature, bank statement) 
    • To e-sign, the documents, enter the Aadhar-based OTP.
    • Finish the online in-person confirmation process by sending your video. That’s it.

    Q- What is AMC for Angel Broking?

    Ans- Angel broking constructs it simple to register a Demat account and a trading account, but you must spend angel broking Demat account fees to keep the account active.

    There are various types of Demat costs, including the Angel Broking Account opening fee as a one-time fee. There are additional regular maintenance fees that get paid every year. These get referred to as AMC fees.

     Q- Can I invest in an IPO via Angel Broking?

    Ans- Yes, you can. For those who don’t know, Initial Public Offerings, or IPOs, are a type of public offering. Angel One has a section dedicated to IPOs that allows you to, 

    • Keep a trail of recent and upcoming initial public offerings.
    • Recommendations for initial public offerings (IPOs) can get submitted, canceled, or modified.
    • Operate the IPO prediction tool to make better and more informed IPO investment decisions. 

    Q- Does Angel Broking has a trading App?

    Ans- Yes, the app is called the angel broking trading app. It allows Angel Broking customers to trade from any location. It is one of the most developed mobile trading apps in India. It enables trading in all classifications (multi-asset trading) at BSE, NSE, MCX, and NCDEX, including equities, derivatives, currency, and commodities. This trading instrument also permits you to invest in IPOs and mutual funds. 

    Q- How much does Angel Broking charge for delivery?

    Ans- Angel broking offers free equity delivery trading for its customers. 

    Q- How much does Angel Broking charge for intraday?

    Ans- Angel Broking charges ₹20 per executed order for equities intraday. 

    Q- How much does Angel Broking charge for commodities?

    Ans- Angel Broking demands ₹20 per executed order for commodities. 

    Q- How much does Angel Broking charge for currency trading?

    Ans- For currency trading, angel broking charges ₹20 per order. All their brokerage charges make Angel broking the lowest brokerage charging company.  

    Q- Does Angel Broking offer margin funding for share/commodity trading?

    Ans- Yes, Angel Broking provides its clients with margin funding and a short-term borrowing chance. It delivers margin capital to investors so that they may quickly handle any issues that arise while trading futures, options, or any other segment.

     

     

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