Angelbroking review & Brokerages Charges , Pros & Cons
Headquartered in Mumbai, Angel Broking is spread across 1800 cities in India through 11000+ sub-brokers and franchisee outlets, and is undoubtedly a brokerage firm that’s growing leaps and bounds.
Started by Dinesh Thakkar in 1987 with a capital of 5 lakhs, he got an initial jolt of huge losses but then re-started as a sub-broker after a couple of years.
Angel Broking Details History and review
Currently with huge number of active client base, it is considered as one of the largest full-service retail broking firms in India. It has been recipient of various awards and accolades from major exchanges, Angel Broking has been able to make a mark in the industry.
Along with distribution of various financial products, Angel Broking offers a wide range of trading and investment services that includes stock and commodity broking, advisory services, margin funding, and loan against shares.
Around Nov’2019, Angel Broking revamped their brokerage plans in order to compete with Zerodha. It now offers a plan called Angel iTrade PRIME with a flat brokerage rate of Rs 20/- for trade across Intraday, F&O, Currencies and Commodities. Equity delivery, however is free to all users.
Angel Broking is a member of BSE, NSE, NCDEX, MCX and CDSL, it also provides wealth management solutions to its clients. Known for great customer servicing,
OPEN A FREE DEMAT ACCOUNT
Angel Broking holds firm emphasis on ethical practices and transparency. Its cutting edge trading software and excellent investment advisory has been the USP.
The online ‘Knowledge Centre’ is loaded with modules that are helpful to both newbies as well as experienced traders and investors.
The advisory tool of Angel Broking uses advanced statistical algorithms, Quantitative and Model Portfolio Theory to offer customised equity and MF investment recommendations as per individual’s financial goal and ability to take risk.
Angel ARQ is an investment advisory tool which is considered as the firm’s flagship tool. This particular tool is designed based on advanced technologies and data analytics.
It uses Cognitive Technology and Machine Learning to build this “Rule Based Investment Engine” which basically recommends equity stocks and MFs. ARQ is integrated into their trading platform and act as a predictive tool based on your portfolio and profile.
Your ARQ Score makes stock selection easier and faster with high level of accuracy.
Account Opening Charges of Angel Broking
Angel Broking’s fee has been restructured in order to take the competition head on. Their charges are pretty much simple now.
Trading Account Opening Charges : Rs 600
Demat account Opening Charges : Zero
Trading Account AMC : Zero
Demat Account AMC : Rs 450 (from 2nd year on-wards)
Angel iTrade which was launched in April 2019, offers premium brokerage services with simplified flat charges. This plan has no hidden charges and quite transparent, just that Rs 20 extra is charged for call & trade.
When compared to other full service brokers in the market, this particular trading plan from Angel Broking provides tax saving of 60 – 90%.
| Segment | Brokerage |
| Equity Delivery | ZERO |
| Equity Intraday | Flat Rs 20 per trade |
| Equity F&O | Flat Rs 20 per executed order |
| Currency F&O | Flat Rs 20 per executed order |
| Commodity F&O | Flat Rs 20 per executed order |
| Transaction charges | 0.00325% of Total Turnover |
| STT | 0.0126% of Total Turnover |
| SEBI Charges | 0.0002% of Total Turnover |
Apart from the above charges, stamp duty is charged based on the state where the customer resides. GST is charged at 18% on brokerage and transaction charges. Research reports and advisory are free for customers under this plan.
Various trading platform of Angel Broking
Angel Broking’s trading software can be accessed across various platforms depending on the customers’ ease of accessibility and need. Both of its front end and back end platform is quite robust with advanced technologies that aims to provide seamless experience.
For those who are comfortable trading through mobile application on the go, Angel Broking App serves the purpose. This awesome App is amazingly designed and can be easily adapted by newbies and experienced traders.
Available for both Android and iOS, it is loaded with features like comprehensive portfolio builder, live market data, and notifications that helps you to take informed decision.
The ARQ technology provides personalised advisory thereby helping you to pick up the right stock.
With just 3 simple clicks one can apply for an IPO. Ease of navigation and speed of this App is also praiseworthy.
In case one isn’t comfortable in downloading online share trading software or trading app, for them web based trading platform helps.
It needs a computer with internet connection, and you can simply log in to their browser based solution and get started.
Through this web platform you can invest in equities, commodities, currencies, MFs, bonds, and IPOs at one spot. Experience seamless trading with features like portfolio tracker, comprehensive
reports, and trend charts etc. Dynamic notification helps you to keep a tab on your investments.
This desktop app from Angel Broking is a platform that provides an integrated single window trading experience to its users along with trade monitoring capabilities.
Easy to install through .exe file this platform is adorned with features like real time updates, portfolio monitor, online MF investment, market watch and reports.
Easy to operate, this app helps experienced and newbies to trade smoothly without any ambiguity.
The app allows subscribers to access extensive 30 days intraday and historical data of 20 years for advanced level analysis that helps in taking rational call in trading.
Pros and Cons of Angel Broking
Everything comes with its own list of merits and demerits, and Angel Broking isn’t exceptional, some of them are listed below.
This all will help you to take an informed decision while dealing with Angel Broking.
Great brand name in broking industry with unmatched customer servicing
At very low brokerage rate, one can experience benefits of full service brokerage
Free research and investment advisory to aid you in investment, along with comprehensive expert reports on daily and weekly basis
Has wide presence across the nation
Use of data analytics and Machine Learning to understand risk appetite through ARQ technology
Super-fast trading platforms with ease of navigation and great UI & UX
Beginners and newbies get proper training and guidance
Ease of investment in MFs & IPOs
Provides lifetime free equity delivery trading
Dedicated customer service desk available for 24X7
Award winning stock broking firm
Provides great modules across all categories through “Knowledge Centre”
Referral program is advantageous for both Referrer and Referee – Rs 500 worth GV for successful referral and referee gets first 5 trade free across all segments
Disadvantages of Angel Broking
Call-n-Trade is charged at additional Rs 20 per trade
Call to Customer service desk is chargeable
Doesn’t offer a 3 in 1 account facility
How to open your account with Angel Broking?
Opening account with Angel Broking is fairly simple and can be done both online as well as offline.
The following documents are mandatory for opening an account.
PAN card
Aadhaar Card
Passport sized photo
Cancelled cheque
Signature
3 months’ bank statement (for F&O) is optional
Angel Broking Account Opening Online
Online opening of Angel Broking account happens through 4 simple steps, if the above mentioned documents are with you which needs to be uploaded as a scanned copy.
Authentication is done with OTP send to the mobile number linked with Aadhaar. Visit homepage of Angel Broking and follow simple steps to open demat account.
Keep your bank details such as account number, IFSC code and branch address ready, as the information is needed while filling up the web form. It takes 1 day to process your new account.
Alternatively, one can fill up the lead form and sales representative will give a call, fix an appointment and visit the prospect. Required documents are then handed over to the representative and few basic information is captured through filling up the form. And then within one working day new account gets activated.
