Angel One, previously known as Angel Broking, is a brokerage platform that offers numerous investment and trading services and features to serve its client base. This full-service broker is one of the best platforms for traders to deal with stocks.
Angel One offers a comprehensive range of financial solutions and has changed the way of retail trading in India. With its discount brokerage charges, it has risen to the top as the fourth largest brokerage company and is trusted by more than 10 lakh people. In this Angel Broking review, we’d attempt to quash all your doubts and provide an option worth considering if you’re looking for a trading platform.
Why choose Angel One?
Before we move into the logistics, let’s look at the Pros and Cons list.
Pros
- Offers full-service brokerage at low charges
- Advanced trading platforms
- Provides research tools and investment advice to clients
- Offers a new investment vehicle, ARQ, based on Artificial Intelligence
- A vast network of brokers and franchises
- Gives daily, weekly and monthly updates based on the market
- It doesn’t charge a fee for Equity delivery
- Suggests an option for Corporate Bonds investment
- Online and Offline transactions are available
Cons
- Charges Rs. 20 per trade
- No option of 3-in-1 Demat account
- Ineffective customer care support
- The mobile interface isn’t easy to understand
- Offers only regular Mutual Funds
Angel One offers several services and products you can invest in, such as –
- Equity
- Mutual Funds
- Commodities
- IPOs
- Portfolio Management Services
- Life Insurance
- Currency
- Futures and Options
Angel Broking Brokerage Charges
Till April 2019, Angel Broking charged based on the percentage model; however, in lieu of its competitors, it also adopted the flat fee brokerage model. Here’s a detailed summary of their “Angel iTrade Prime Plan.”
| Segment | Charges |
| Equity Delivery | Zero |
| Equity Intraday | Rs. 20 per trade |
| Equity Futures | Rs. 20 per trade |
| Equity Options | Rs. 20 per trade |
| Currency Futures | Rs. 20 per trade |
| Currency Options | Rs. 20 per trade |
| Commodity Futures | Rs. 20 per trade |
| Commodity Options | Rs. 20 per trade |
The brokerage charge is fixed and isn’t affected by the trade volume. Therefore, those who trade with less amount might not find this structure suitable.
Angel Broking Account Opening Charges
| Transaction | Charges |
| Demat Account Opening Charges | Zero |
| Trading Account Opening Charges | Zero |
| Demat Account Maintenance Charges | Free for first year, Rs. 450 from second year |
| Trading Account Maintenance Charges | Zero |
Angel Broking Other Charges
Apart from the brokerage charges, a few other charges are levied on your trading. Know more about them right here.
| Segment | Transaction Charges | STT | GST | SEBI Charges |
| Equity Delivery | NSE Rs. 325 per Cr. and BSE Rs. 300 per Cr. (Buying and Selling) | 0.1% on both Buy and Sell | 18% on Brokerage + Transaction Charge | Rs. 10/crore |
| Equity Intraday | NSE Rs. 325 per Cr. and BSE Rs. 300 per Cr. (Buying and Selling) | 0.025 on the Sell side | 18% on Brokerage + Transaction Charge | Rs. 10/crore |
| Equity Futures | NSE Rs. 190 per Cr. and BSE Rs. 300 per Cr. (Buying and Selling) | 0.01% on Sell Side | 18% on Brokerage + Transaction Charge | Rs. 10/crore |
| Equity Options | NSE Rs. 5000 per Cr. and BSE Rs. 300 per Cr. (Premium) | 0.05% on Sell side (Premium) | 18% on Brokerage + Transaction Charge | Rs. 10/crore |
| Currency Futures | Rs.190 per Cr. | 0.01% on Sell Side (non-agri side) | 18% on Brokerage + Transaction Charge | Rs. 10/crore |
| Currency Options | NSE Rs. 5000 per Cr. (Premium) | 0.05% on Sell side | 18% on Brokerage + Transaction Charge | Rs. 10/crore |
| Commodity | MCX Rs. 150 per Cr. and NCDEX Rs. 300 per Cr. | No STT | 18% on Brokerage + Transaction Charge | Rs. 10/crore |
Angel Broking Margin
| Category | Margin |
| Equity Delivery | 1x |
| Equity Intraday | 5x |
| Equity Futures | 4x |
| Equity Options | 1x |
| Currency Futures | 1x |
| Currency Options | 1x |
| Commodity Futures | 1x |
| Commodity Options | 1x |
Angel Broking Trading Platforms
One of the pros of Angel One is the advanced trading platforms mentioned above; now, we’ll discuss it in further detail.
1. Angel Broking App
This app is perfect for clients to use on-the-go anytime and anywhere. You can download it from the play store or app store. You can get current market trends and real-time prices. Accessing all the features, such as intraday charts, reports, and ledgers, is easy and simple to understand.
2. Angel Broking Speed Pro
Unlike the app, this platform is only available for laptops and desktops. It’s perfect for traders dealing with high-volume trades as it offers 30-day intraday and 20 years of historical/EOD data. It also comes with 70+ technical indicators for advanced analysis.
3. Angel Eye
This browser-based platform is easy to access from anywhere and allows the clients to stay updated regarding the market scenario, manage the portfolio and make quick trades. It doesn’t offer a lot of features like the Speed Pro platform.
Conclusion
Angel Broking or Angel One is one of the most advanced brokerage platforms that use ARQ technology and other attractive tools and features. Even though it offers low brokerage charges like other companies, a variety of things still set it apart, as mentioned in the article.
So make an informed decision after going through this Angel Broking review, as we hope it gave you an insight regarding what to expect while choosing this platform.