Angel Broking is one of the top brokerage houses in the country. While Angel Broking provides fundamental stock brokerage solutions, it also has various products and services which are rarely found with other brokers.
The best part of this firm is the brokerage charges are a charge and the offers it has for the traders.
So, this is going to be a comprehensive Angel Broking Review which you would like to read to know about all the aspects of the brokerage house most importantly you would be able to analyze and compare the brokerage charges along with the products and services it offers to take a wise decision.
|Angel Broking Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs 450|
|Margin Required||75% Margin|
|Intraday Brokerage||Rs.20 / Executed Order|
What do you know about Angel Broking?
Angel Broking, being a traditional brokerage house has an array of products and services and it has one of the best research and analytical department in the industry.
This private firm started its operation in the year 1987 when Dinesh Thakkar started the firm in the city of Mumbai. At present, the firm is having its headquarters in Mumbai while it has spread across the country and has several branches in every city.
This Angel Broking Review will give you insight into the firm’s Demat account and trading account and the services it provides and the charges.
|Angel Broking Overview|
|Know a few details about Angel Broking|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of the Company Located?||Mumbai, India|
|Who is the Founder of this Company?||Dinesh Thakkar|
|When did the company start?||1987|
Open Demat Account Now – Fill up the Form Below
What are the various Demat Account Opening Charges levied by Angel Broking?
Angel Broking Demat Account is associated with the CDSL depository and for opening the Demat and trading account (2-in-1) account, you do not need to pay any money.
The account opening charges are nil and the firm also does not charge any money for the maintenance of the trading account and Demat account.
The Angel Broking Account Opening is done under a certain offer then your Demat account maintenance also becomes free or else you have to pay an amount of Rs. 450.
The minimum margin money that you need to keep with the firm is 75% Margin. The margin money requirement is comparatively lower than any other traditional brokerage house of this stature.
|Angel Broking Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Angel Broking|
|Which is the Depository Participant involved?||CDSL|
|What are the Demat account opening charges?||Rs 0 (Free)|
|How much is the Demat AMC?||Rs 450|
|What is the Trading AMC?||Rs 0 (Free)|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||Yes|
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Does Angel Broking provide any Offers to their Clients?
Angel Broking Offers provided to the clients are many and hardly any other brokerage house provides such a variety of offers to the traders. You are getting free Demat and Trading accounts in the first place and their maintenance is also free in most cases.
Then you are getting brokerage plans that are flexible enough to suit any kind of pocket and any kind of investor with any kind of investment budget.
Not only these but there are also holiday offers that allow you to trade at special brokerage rates on the holidays and you can refer Angel Broking to your fellow traders, and interested investors whom you know to earn some extra cash.
|Angel Broking Offers|
|Here are the various offers provided by it|
|Does the broker provide a Free Demat A/C offer?||Yes|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers a Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||Yes|
|Does the broker offer 1-month Free brokerage?||No|
|Are the Holiday offers provided by the broker?||Yes|
|Are there any referral offers shared by the broker?||Yes|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by Angel Broking on various Segments?
Angel Broking Brokerage Charges are flexible and they give a range of brokerage charges which is dependent on the amount of margin money you keep with them. The minimum brokerage they charge is Rs. 20 for any trade across all the segments.
While the brokerage charge can go up to Rs. 20 per order for all the segments, for the currency options it is only Rs. 20 that you need to pay irrespective of anything else. While Angel Broking is such a giant stockbroker but its brokerage charges are very cheap and most traders can afford it.
|Angel Broking Brokerage Charges|
|Here you will find details of brokerage levied by Angel Broking on all segments|
|What are the Equity Delivery Charges?||FREE|
|What are the Equity Intraday Charges?||Rs.20 / Executed Order|
|How much brokerage charged for Commodity Trading?||Rs.20 / Executed Order|
|What is the brokerage on Equity Futures?||Rs.20 / Executed Order|
|How much brokerage charged for Equity Options?||Rs.20 / Executed Order|
|What is the brokerage on Currency Futures?||Rs.20 / Executed Order|
|What is the brokerage on Currency Options?||Rs.20 / Executed Order|
|How much is the Minimum Brokerage required?||Percentage of Transaction|
|What is the Demat AMC?||Rs 450|
|How much is the Trading AMC?||Free|
|What is the Minimum Margin Required?||75% Margin|
Does Angel Broking levy any other charges apart from Brokerage?
Angel Broking Charges apart from the brokerage charges are the statutory charges such as STT, GST, SEBI Turnover Charges, and others.
These charges are fixed by the government and SEBI and thus you cannot compare these charges as they are more or less the same across the industry.
The only charge which is a statutory charge but changes with every brokerage house but the change is very minimal is the transaction charge. Here the transaction charge you are paying is absolutely at par with the market average.
|Angel Broking Charges|
|Get a deep understanding of all other charges levied by it|
|How much are the Transaction Charges levied?||0.00325% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Futures: 0.01% on Sell Side
Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|What are the SEBI Turnover charges?||Rs 10 / Crore|
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How is the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by Angel Broking?
Angel Broking Margin requirement is too low compared to any big brokerage house in the industry however Angel Broking Exposure is huge and comparatively the highest in the industry.
It provides up to 5 times of leverage for intraday trades which is more than all the major stockbrokers in the industry.
For the delivery segment, where every brokerage house, provides less brokerage, Angel Broking is giving 1 times leverage. This incredible leverage provided by the firm is one of the most important reasons for its huge client base.
|Angel Broking Exposure or Leverage|
|Here you will find the exposure or limit provided|
|How much is the limit on Equity Delivery?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||1x|
Open Demat Account Now – Fill up the Form Below
How To Open Angel Broking Demat & Trading Account?
If you want to Open Angel Broking Demat Account then you have to –
- Click on the button you find in this article that says to Open a Demat account with Angel Broking.
- You will land on a page that is a form for the Demat account application.
- Fill out the form and submit the same. Make sure you enter all the correct details
- Once you submit the form, another page will open, where you have to upload the scan copies of the documents they ask for. Generally, the documents include the Voter Id, AADHAAR Card, PAN Card, Bank Statement for previous months, and other details like address proof and others. Scan the documents and upload them.
- Once you upload the documents, the executives of the Angel Broking firm will call and verify your details
- Once your details are verified, they will approve your application and open your account and then you will get your login id and start trading in a few hours.
The process to Open Angel Broking Trading Account is not separate from the process mentioned above. The Trading account is opened along with the Demat account only.
What are the various Trading Platforms provided by Angel Broking?
Angel Broking Trading Platforms are one of the most sought-after trading platforms in the industry. They have their Angel Broking Mobile App, Angel Broking Trading Terminal, and web-based trading platforms.
Angel Broking Trading Terminal: Angel Speed Pro
Angel Broking Trading Terminal software is known as Speed Pro. It is the conventional software that needs to be downloaded and used on desktops and laptops.
The terminal trading software is widely used by traders for its highly responsive interface and various analytical tools and resources.
Angel Broking Mobile Trading App – Angel Broking App
Angel Broking Mobile Trading Application is launched sometime back and it has been powered by a highly technologically advanced advisory engine – ARQ. This technology has a lot more to offer than normal trading features which will be discussed in the later section of the article.
Angel Broking Web Trading Platform: Angel Broking Trade
Angel Broking Web-based Trading Platform is known as Angel Broking Trade. It is the extension of the previous platform ‘Angel Eye’ and this new platform has a lot more to offer in terms of trading and research tools and others as well.
|Angel Broking Trading Platforms|
|Here you will find all the important trading platforms available with it|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platforms?||Yes|
|Do they have a Mobile Web Platform?||No|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Angel Broking Trading Applications?
The Angel Broking trading platforms mentioned above have features that are different from each other with the basic features intact. Let’s, discuss each of the platforms in detail.
Trading Terminal Angel Broking – Angel Speed Pro Features
- The platform has more than two decade’s historical market data and every day, it has the previous 30 days of intraday data for your analysis of stocks and markets. it also has seventy and above studies for technical analysis of advanced level. You can do thorough research on stocks you want to invest in using these resources and tools
- All the updates are real-time
- At one glance, you can see the scrip price, buy price, overall profit, and loss of the stock, whether it is gaining or losing.
- Your portfolio can be tracked all the time in real-time
- Research reports from the research analysts are circulated on this platform and there is also news of the market always flashing on the platform to keep you aware of the market sentiments which is highly important for trading.
Angel Broking Mobile Trading App – Angel Broking App Features
- With this Angel Broking mobile application, you can check the stock prices and their real-time price of them. There is a live streaming facility on the mobile application itself.
- ARQ technology is there which provides advisory in a personalized manner to beat the returns of the indexes you are targeting
- The application is full of intraday charts and indicators.
- You can pay for the trades using any of the forty banks that are associated with the firm using this mobile application only
- You can set alerts and notifications for the trades and market movements
Web Trading Platform Angel Broking – Angel Broking Trade Features
- Using this web-based platform, you can trade across any segment using any of your devices. Yes, you can trade from your mobile, laptop, or desktop and you can trade in any category whether equity, currency or commodity, or anything that is offered by the firm.
- Tracking your investment is super easy and you get the value of your investment in real-time
- There are a lot of market data, and news available on the platform
- The interface is super smooth and user-friendly. It can be customized as well according to your trading needs and preferences.
- The speed of the platform is noteworthy.
|Angel Broking Trading Application Features|
|Here you will find various features available in Trading Platforms provided by Angel Broking|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Is this software providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||Yes|
|Does this software provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive charting?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms have a Multi-Account Management solution?||Yes|
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What are the various Products provided by Angel Broking?
Apart from the banking and insurance products, Angel Broking Products includes everything. Whether you want to trade equities, commodities, currencies, or futures and options, it has it all in its kitty.
Not only the fundamental products of the stock market but has it also mutual funds, and SIP investment products as well which you can trade.
The range of products as you can see is huge and you do not need to go to any other broker or financial service provider for trading different segments.
|Angel Broking Products|
|Here are the various products provided by it|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|Do they have Currency Trading products available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as a product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||No|
What are the various Services offered by Angel Broking?
The range of Angel Broking Services includes basic as well as advanced services like Robo Advisory and PMS services. The firm is excellent in Demat and trading services that go without saying.
It provides IPO services that are beneficial for investors who want to invest in new companies and see them grow over the years. The firm provides stock recommendations and research and analysis services which will be discussed in the later section as well.
Angel broking apart from having a three-in-one account and knowledge institution for the investors, provides every possible service of a traditional broker.
|Angel Broking Services|
|Check out the various services provided by it|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||Yes|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Does Angel Broking provide Research & Advisory to their clients?
Angel Broking Research and Angel Broking Advisory are one of the best in the market. There are no such reports or reviews that they do not provide for its clients and investors and day traders.
The Angel Broking Tips provided by the research team of the firm are banked on most of the time if properly executed. The firm has relationship management services, and an offline advisory facility as well for traders.
|Angel Broking Research, Advisory & Stock Tips|
|Here are the various research activities are done by Angel Broking|
|Does the broker share Fundamental Reports?||Yes|
|Does the broker share Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analyzing the Annual Reports of Companies?||Yes|
|Do they share Company Stock Reviews?||Yes|
|Are they sharing Free Stock Tips with their clients?||Yes|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||Yes|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Managers to clients?||Yes|
What are the Customer Care details of Angel Broking?
Angel Broking Customer Care is available for clients day and night. If you need any assistance regarding online trading, they will try to help you immediately.
They do have a dedicated dealer service as well. There are more than 180 branches of the firm which you can visit if you have any queries or complaints about the firm.
|Angel Broking Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated dealers to their clients?||Yes|
|Do they allow Offline Trading?||No|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||180|
Are there any Complaints filed against Angel Broking by their clients?
Angel Broking Complaints registered in the previous year on NSE went up to 237 which is a little higher but it resolved 234 out of those complaints which suggests the dedication of the firm towards its clients.
The same goes for the number of complaints registered with the BSE as you can see above, the firm also solved all the cases except four.
|Angel Broking Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||167|
|How many of these complaints have been Resolved in BSE?||163|
|What is the total number of Complaints Lodged in NSE?||237|
|How many of these complaints have been Resolved in NSE?||234|
What Are The Advantages / Benefits Of an Angel Broking Trading Account?
There are huge benefits of trading with an Angel Broking Trading Account are some of the crucial ones are –
- Exceptional exposure which you won’t get anywhere else.
- The brand value which brings reliability with it
- Brokerage charges are affordable and one of the lowest amongst the traditional brokers of this stature
- The research and analysis service of Angel Broking is one of the best in the industry
- Highly advanced trading platform – super fast and intuitive interface. Accessible across devices.
What are the Angel Broking Review & Ratings as per their Customer?
Overall Angel Broking Rating of 7.2 suggests that the firm is liked by most of the clients who trade with the firm using its products and services. The clients are happiest with the research and analysis services Angel broking provides as can be depicted from the 8.5 ratings.
Angel Broking Review by the clients also suggests that they want some betterment across the trading platforms, products, and brokerage charges, however, at present all of these are rated at 7 points out of 10 which shows the faith of the clients in the firm.
|Ratings & Reviews|
|We are looking at Angel Broking Ratings on various parameters|
|Stock Market Research & Broking Advisory||8.5/10|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||7.0/10|
|Types of Products & Services the Brand provides||7.0/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||7.0/10|
|Experience in the Broking Business||6.5/10|
|Total Avg. Rating of Broking House||7.2/10|
|Star Rating is given to Stock Broker||★★★★☆|
|Number of People Contributed to These Ratings||586|
Angel Broking no doubt is one of the largest stockbroking firms in the country at present and this Angel Broking Review hopefully cleared up many facts about this firm.
The firm is a gem when it comes to research and analysis services and the exposure it provides is one of the most indistinguishable aspects of the firm.
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