Angel Broking (Now Angel One) was founded by Mr. Dinesh Thakkar in 1987. In India It’s a major online discount brokerage firm and one of the top full-service retail brokers in India, offering a wide range of personalised wealth-management and investment services to its retail clients. Angel One Services include Equity, Commodity, and Currency Trading, Portfolio Advisory and Management Services, Investment Advisory Services, Distribution of Mutual Funds, Initial Public Offerings, Personal Loans, and Insurance. ๐ผ๐
This Angel One review will inform you about their Brokerage Fees, Demat Account Opening, Trading platforms, AMC charges, the availability of perks, and the depth of their experience in dealing with clients’ funds. ๐ค๐ญ Evaluating a stock broker can help you spot areas where they can strengthen and expand their services.
๐๐ Angel Broking has established a presence in more than 1800 locations across India and provides top-notch investing and trading advice using cutting-edge trading platforms. ๐ป๐ In terms of NSE customers, it is the fourth largest brokerage in India.
Overview of Angel One
| Year of Incorporation | 1987 |
| Products | Services include investment banking, institutional broking, retail broking, private wealth management, and the sale of financial products. |
| Broker Type | Flat Fee Brokerage Firm |
| Headquarters | Mumbai, India |
| Founder | Dinesh Thakkar |
| Active Exchange Memberships | NSE, BSE, MCX, NCDEX |
Angel One Account Registration and Annual Maintenance Fees in 2024
To kick off the process of creating your account, Angel One will charge you a one-time fee for opening a trading account and/or demat account. Angel One charges a yearly cost known as Trading /Demat AMC (Annual maintenance Charges) to maintain your account, which is taken out of your balance every year regardless of whether or not you made any trades during that time.
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| Trading Account | NIL | NIL |
| Demat Account | NIL | โน450+GST Yearly (from 2nd year onwards) |
Angel One Charges Explained (Equity Delivery & Intraday)
Trading fees for both Delivery Trades and Intraday Trades are levied by Angel One Brokerage. Angel One does not charge any brokerage fees for Delivery trades, whereas the intraday brokerage fee is Rs. 20 per completed order.
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Free | โน 20 / Executed Order Or 0.25% (Whichever Is Lower) |
| STT | 0.1% ON BOTH Buy & Sell | 0.025% On the Sell-side |
| Transaction / Turnover charges | NSE : 0.00335% | BSE 0.00335% | NSE : 0.00335% | BSE 0.00335% |
| SEBI Charges | 5 Rs/Crore | 5 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges + DP + SEBI Charges) | 18% on (Brokerage + Transaction Charges + SEBI Charges) |
| Stamp Duty | 0.015% Of Turnover Value (Buyer) | 0.003% Of Turnover Value (Buyer) |
| DP Charges | โน 20 / Scrip Only On Sell | No Charges |
Angel One Charges Explained (Futures & options)
Read the complete list of Equity Futures and Equity Options brokerage fees from Angel One. Both Equity Futures Trading and Options Trading are available via Angel One for a flat rate of Rs. 20 per executed transaction.
| Charges | Equity Future | Equity Options |
|---|---|---|
| Brokerage | โน 20 / Executed Order Or 0.25% (Whichever Is Lower) | โน 20 / Executed Order Or 0.25% (Whichever Is Lower) |
| STT | 0.01% on the Sell-side | 0.05% on the Sell-side (ON PREMIUM) |
| Transaction / Turnover charges | NSE : 0.00195% On Total Turnover Value | NSE : 0.053%|BSE 0.053% on Premium |
| SEBI Charges | 5 Rs/Crore | 5 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges + SEBI Charges) | 18% on (Brokerage + Transaction Charges + SEBI Charges) |
| Stamp Duty | 0.002% Of Turnover Value | 0.003% On Premium |
Angel One Charges Explained (Currency)
For Currency Futures and Options Trading, Angel One charges a flat rate of Rs. 20 per order.
| Charges | Currency Future | Currency Options |
|---|---|---|
| Brokerage (Angel iTrade Prime) | โน 20 Per Executed Order Or 0.25% (Whichever Is Lower) | โน 20 Per Executed Order Or 0.25% (Whichever Is Lower) |
| STT | NA | NA |
| Transaction / Turnover charges | NSE : 0.0009% |BSE 0.00022% On Futures Turnover Value | NSE : 0.035%|BSE 0.001% on Premium |
| SEBI Charges | 5 Rs/Crore | 5 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges + SEBI Charges) | 18% on (Brokerage + Transaction Charges + SEBI Charges) |
| Stamp Duty | 0.0001% On Total Turnover Value (Buyer) | 0.003% On Premium Value (Buyer) |
Angel One Charges Explained (Commodities)
Angel One Commodity Trading Charges. Angel One charges Rs.20 per commodity trade.
| Charges | Futures | Options |
|---|---|---|
| Brokerage | โน 20 Per Executed Order Or 0.25% (Whichever Is Lower) | โน 20 Per Executed Order Or 0.25% (Whichever Is Lower) |
| CTT | 0.01% sell side (Non-Agri) | 0.05% sell side |
| Exchange Transaction Charges | 0.006% (Non-Agri) | 0.05% (Non-Agri) |
| Clearing Charges | 0.0018% | 0.05% |
| SEBI Turnover Fee | Agri: โน1 / crore + GST Non-agri: โน10 / crore + GST |
โน10/Crore + GST |
| GST | 18% on (Brokerage + Transaction Charges + Sebi Charges+Clearing Charges etc ) | 18% on (Brokerage + Transaction Charges + Sebi Charges+Clearing Charges etc ) |
| Stamp Duty | 0.002% on Buy Side or โน200 / crore | 0.003% on Buy Side โน200 / crore |
Angel One Trading Platforms Availability
Angel One Application (Mobile App)
It’s an app that runs on both Android and iOS that lets you trade on the go from your smartphone. This platform allows users to trade on the Equity and Commodity Markets.
Angel One Trade (Web)
The trading platform may be accessed from any web browser. The Stock prices are dynamic and constantly updated. Investors and traders can benefit from this platform since it allows them to access the market from a variety of devices.
Pros & Cons of using Angel One (Angel Broking)
Pros
- Low-cost full-service brokerage is provided.
- Flat Fee Rs 20 each order across sectors and exchanges
- Award Winning Free Research Advisory Services Are Available
- Personalized trading and investing platform with SmartAPI
- MTF Facility is Available
Cons
- Call & Trade Services Are Chargeable At Rs.20
- Customer Support Service Can be Improved
Customer Reviews and Ratings of Angel One (Angel Broking)
| Category | Rating |
|---|---|
| Experience | 8.5 / 10 |
| Trading Platform | 7.8 / 10 |
| Product & Services | 8.9 / 10 |
| Brokerage Charges | 9.2 / 10 |
| Research | 8.2 / 10 |
| Overall Rating | 8.5 / 10 |
| Star Rating | โ โ โ โ |
Account Opening at Angel One (Angel Broking)
In order to create a Free demat and trading account with Angel Broking, all you need is your Aadhaar card, PAN card, and a bank account.
In only 60 minutes, you may start an account with Angel One by completing the digital Know Your Customer (DKYC) form online.
Angel One Review Final Verdict
Trustworthy and providing a wide selection of financial services, ๐ฆ Angel One is a broker firm worth considering. Investors like it because of its affordable brokerage fees ๐ฐ, straightforward trading platform ๐, and useful demat account ๐๏ธ.
Angel One is a Stock Broking Company in India that caters to both beginner and professional traders. With a wide range of services and personalized assistance, it has become a popular choice among investors. The company offers innovative trading strategies ๐, competitive rates on equity transactions ๐น, and research reports ๐ to make informed decisions.
If you are a trader, Angel One provides you with daily technical and derivative reports ๐, flat brokerage on intra-day and derivatives trading ๐ฑ, and loans against shares ๐ธ. If you are an investor, the broker offers free equity delivery brokerage ๐ฐ, a separate knowledge center for education ๐, and ARQ ๐ค, an AI-based investment advisory software for stock and mutual fund recommendations to beat the index returns ๐.
Frequently Asked Questions (FAQs)
What are the account opening charges for Angel One?
Angel One offers free Paperless instant Demat account opening online
What are the charges for annual maintenance of the demat account?
Angel One charges Rs. 450 per year for maintaining the demat account.
How do I open a demat account with Angel One and what are the documents required?
You can open a demat account with Angel One online or offline by submitting your PAN card, Aadhaar card, bank details, and a passport-size photograph
Does Angel One offer margin trading facility?
Yes, Angel One offers uptox 4 times margin trading facility to its clients.
What services does Angel One offer?
Angel One offers services such as equity trading, commodity trading, derivatives trading, mutual fund investments, IPO investments, and more.
What is Angel One ARQ?
ARQ is an AI-based investment advisory software developed by Angel One that provides stock and mutual fund recommendations to beat the index returns.
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Disclaimer: The information in this article is only meant to be educational and informative. It should not be taken as financial advice. Investing in the stock market comes with risks. Before making any investment decisions, readers should carefully think about their own investment goals and how much risk they are willing to take. Before making any investment decisions, the reader should talk to a qualified financial advisor.