Angel Broking Review

Rated 4.5/5 by Top Share Brokers Team
Angel Broking Review

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Angel Broking Limited is one of the largest full-service brokersin India that is operating since 1987. It was established with the single vision to offer the best value for money to clients through offering them innovative products, advanced technology, personalized services and investment strategies. Angel Broking is a registered trading member of both the stock exchanges; BSE & NSE and commodity exchanges; NCDEX and MCX. The full-service brokerage house is providing an extensive range of products & services to people including equity trading, derivative trading, commodity trading, currency trading, IPO, Mutual Funds, ETF, and life insurance. It also offers portfolio management service to people to assist high net worth individuals to invest in a customized portfolio managed by professionals.

It is also a depository participant with CDSL to offer depository services to people. The broker serves Indian residents, NRIs and HNIs through opening a 2-in-1 account; Trading account and Free Demat account with Angel Broking to trade across various segments. Looking at its brokerage charges, its Angel iTrade Plan allows free equity delivery trade while trading in other segments is charged at a flat fee of Rs. 20 per executed order.

Angel broking with consistent focus on breakthrough innovations offers the world class trading platforms. Its platforms including AngelBroking Trade, Angel Broking App, and Angel SpeedPro are available at free of cost to all users. It also has a revolutionary investment engine, ARQ that is a first-of-its’s-kind, predictive and intelligent wealth management engine. The advisory tool uses mathematical algorithms, Quant and Model Portfolio Theory to offer personalized equity & mutual fund investment suggestions as per individual’s risk profile and financial goal. ARQ is further useful to check portfolio health, so that, clients can customizes their portfolio by buying the best-performing stock and selling the poor-performing stocks with the ultimate objective to gain index-beating returns.

The brokerage house not just offers trading services but also provide investment recommendations to people to assist them for profitable trading. Customers can also avail additional services i.e. free research, margin trading, loan against shares, call & trade, centralized helpdesk, etc. The Mumbai-headquartered stockbroker also has a widespread offline presence with 110 branches and many sub-brokers across 1800 different cities from where it offers offline facilities such as offline account opening, account closure, offline trading, and others.

For the extraordinary efforts in the online broking field, the brokerage house has achieved many accolades and honors i.e. NetApp-Innovation Award 2019, Major Volume Driver Award by BSE, Best Commodity Research Award, India’s 20 Best Workplaces in BFSI, Digital First Organization of the Year 2019, Best Marketing Campaign of the Year 2019, and Best Performing Retail Member.

Angel Broking Review 2020 - Quick Summary

Angel Broking, a leading full-service broker offering online trading in various financial products, personalized robo advisory, and investment strategies on the advanced technology platform.


Benefits

  • Leading full service independent retail broker with strong brand equity.
  • Trading in equities, derivatives, commodities, currencies, IPO, mutual funds. ETF, and others.
  • Free demat account opening at zero account opening charges.
  • Lifetime free equity delivery trading.
  • Clientele base includes residents, non-resident and High Net Worth Individuals (HNIs)
  • Flat brokerage charges to trade across all segments i.e. equity intraday, derivatives, commodity, and currency.
  • Free access to the best trading platforms such as Angel Broking Trade, Angel Broking App, and Angel SpeedPro
  • Avail portfolio management services to create a customized investment portfolio.
  • Access fundamental and technical research reports on stocks, IPO, and market outlook.
  • Get free stocks & mutual funds robo-advisory services on Angel Broking ARQ.
  • Availability of margin trading and loans against shares.
  • Ease of investment in Mutual funds with Angel Bee mobile app.
  • Free online calculators i.e. brokerage calculator, compound interest rate calculator, NPV calculator, EBITDA calculator, and others.
  • Dedicated customer service desk that provides 24*7 services.
  • Widespread offline presence with 110 branches, sub-brokers, and franchise offices.
  • PAN India presence

Considerations

  • 3-in-1 account, an integrated platform of bank account, trading, and demat account is unavailable.
  • Chargeable call & trade services.

Special Offer

Free Trading for One Month(Up to Rs 1000 value). Free Account Opening a limited time offer. Sign up now.

Request call back from Angel Broking

Angel Broking Investment Options Compare

Here we are comparing Angel Broking with its 5 close competitors on investment options.

Broker Angel Broking Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

Angel Broking Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4.5/5

Angel Broking Account Opening Charges

      »»  Trading Account Opening Charges: Rs. 600
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 450 from 2nd year onwards

Angel Broking Brokerage

Looking to the stiff level of competition in the brokerage industry, in April 2019, the broker has launched a new trading plan, “Angel Broking iTrade Plan” to win competitive edge. It is a flat brokerage model wherein trading across segments is charged at flat fee of Rs 20 per trade regardless the trading volume. Get here the segment-wise brokerage details;

Angel iTrade PRIME brokerage charges

  • Equity Delivery: Free
  • Equity Intraday: Flat Rs 20 per executed order
  • Equity Futures: Flat Rs 20 per executed order
  • Equity Options: Flat Rs 20 per executed order
  • Currency Futures: Flat Rs 20 per executed order
  • Currency Options: Flat Rs 20 per executed order
  • Commodity: Flat Rs 20 per executed order

Other charges:

  • Call & trade is levied at charges of Rs 20 per order.
  • Onetime POA charges of Rs. 50.

Benefits

  • Zero cost brokerage in equity delivery segment for lifetime.
  • Flat brokerage of Rs 20 per order across intraday, F&O, currency, and commodity trading
  • Free access to advanced technology trading platforms; Angle Broking Trade, mobile app, and Angel SpeedPro.
  • Full suite of broking services including free research and advisory
  • No hidden charges

Considerations

  • Call & trade service is chargeable at Rs. 20 per order.

For complete brokerage charges and trading plans detail please visit Angel Broking Brokerage Charges.

Angel Broking with closest competitors

Here we are comparing Angel Broking with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Angel Broking Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery Free 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 20 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 20 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 20 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Fee Rs 20 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Angel Broking Brokerage Calculator


Open Trading and Demat Account with Angel Broking

The full-service brokerage house facilitates both the Indian residents as well as NRIs to open a 2-in-1 account, comprising demat as well as Trading account. Customers can open the 2-in-1 account either online or offline as per their choice. Different types of accounts offered by the broker are discussed below:

    Angel Broking Demat Account

      Demat account also called dematerialized account is a secure way to hold financial products such as shares, bonds, mutual funds, and other instruments in an electronic format. Angel Broking being a DP with CDSL, facilitates clients to open a free demat account online. Opening an online demat account with Angel Broking is quite simple and easy process that just requires filling online forms and providing necessary documents i.e. address proof, identity proof.

    Angel Broking Trading Account

      Demat Account holders have to necessarily open a Trading Account to trade-in various financial products i.e. equities, derivatives, commodity, currency, and other investment avenues. Angel Broking Trading Account facilitates customers to place buy and sell trading orders as frequently as they want and that too is possible on the same trading session. The trading account is linked to demat as well as bank account to smoothen the trading experience.

    Angel Broking NRI Account

      As said earlier, NRIs can open a 2-in-1 account with the Angel Broking and start online trading in equity, futures & options, and IPO. To trade with Angel Broking, NRIs need demat account, trading account, NRE or NRO bank account, and PIS certificate. The biggest setback is NRIs are not allowed to trade in commodities and currency and even in the equity segment, delivery-based trading is available and no intraday trade is allowed.

    Angel Broking Mutual Fund Account

      To invest in mutual funds, people have to open a Mutual Fund Account with the broker. Angel Broking offers a Free mutual fund account on Angel Bee mutual fund app without any account opening charges. However, the key consideration is that the broker only offers regular schemes and not direct. Only Indian residents are allowed to open a mutual fund account with Angel Broking, and the facility is not available to NRIs.

Contact Angel Broking

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Alternatives to Angel Broking

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Angel Broking Trading Platform and Tools

Trading Platforms Rated 4.5/5

    Likewise many other brokers, Angel broking offers trading across 3 platforms i.e. web trading, installable trading terminal, and mobile trading application. Both the Indian citizens as well as NRIs can access any of the trading platforms completely free of cost. Each of the three platforms are described here as under:

    Angel Broking App

      The mobile app is one of the most demanding and popular trading platform due to level of convenience and freedom it offers to trade anytime anywhere. Angel Broking mobile app provides an unmatchable trading experience like never before. It is an all-in-one trading application to trade across segments. The mobile app comes with a lot of unique features including comprehensive portfolio, alerts and notifications, live market data, and many others. The mobile app can be downloaded on Android as well as iOS devices.

    Angel Broking Trade

      It is the Angel Broking web trading platform that meets all investment requirements of users. The online web platform (trade.angelbroking.com) is a single platform to trade & invest across equity, derivatives, commodities, currencies, bonds, mutual funds, and initial public offerings. The integrated web platform facilitates clients to manage their own and family account with just one login. Angel Broking website helps users through various ways such as portfolio tracking and monitoring, research, online trading, sleek user interface, stay abreast with latest trends, etc.

    Angel SpeedPro

      SpeedPro is one of the best online share trading platforms offered by Angel Broking. The desktop based trading software or trading terminal can be installed on desktop or laptop from the official website of the broker. Real-time updates, monitoring portfolio health, single window trading experience, live market watch, integrated flash news and reports are the key features offered by the trading software.

    Angel Bee

      This is a one-stop solution for your mutual fund investment requirement. In 2018, the app was awarded with the “Best Mobile App for Mutual Fund Investment”. The mutual fund app facilitates clients to invest, redeem and stop your MF investment, track MF portfolio, allows goal-based investing, assist you to calculate SIP amount to achieve target corpus, and many others. It is an installable app on Android and iOS devices such as iPad and iPhone.

    Angel Broking ARQ

      ARQ is a rule-based investment engine that provides personalized advisory services based on predefined algorithms. Based on users input, ARQ develops a predictive analysis and recommends the best asset allocation strategy across equities and mutual funds. All the trading platforms by Angel Broking are ARQ powered to offer the best advisory services to customers. It also assist customers to check their portfolio health scores, so that, users can take decision regarding add or removal of a particular stock from their portfolio.

    Benefits

    • All-in-one platform to invest across various asset classes.
    • ARQ powered trading platforms i.e. web trading platform, mobile app, and trading software.
    • Customized watch list asset wise helps to closely monitor stock movement.
    • Easy fund transfer service with 40+ Indian banks.
    • Investment advisory and suggestion for equity and mutual fund investment.
    • Stock-specific ARQ score helps to monitor the stock quality and thereby customize the portfolio in line with the prevailing market trend.
    • Free mutual fund investment with Angel Bee.
    • Customers can also access free research services.
    • Monitor your portfolio anytime anywhere.
    • Alerts and notifications.

    Considerations

    • Angel Bee only offers regular mutual funds and direct funds are unavailable.

    For detail review of mobile app and download please visit Angel Broking Trading Platform Review.

Angel Broking Trading Platform Compare

Here we are comparing Angel Broking with its 5 close competitors on Trading Platform.

Broker Angel Broking Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Angel Broking

Rated 4.5/5 by 72 users

Angel Broking with more than 3 decades of experience in brokerage industry established a strong brand legacy. Along with offering a full spectrum of products and services, the leading full-service stockbroker took various technological initiatives to bring the best trading platforms. The broker may be a perfect choice for new-age investors to open a Free Demat Account and enjoy flat brokerage trading experience at Rs. 20 per order. Apart from this, people can also access free research for stocks, mutual funds, IPO, market outlook, and others. In addition, Angel Broking ARQ is a robo advisory platform that offers personalized advisory as per clients’ specification.

If you like what you have read and want to open an trading and demat account with Angel Broking, leave your contact information with us and we will guide you.

Last updated on 2020-09-05


Angel Broking FAQs

  1. 1. How to open Angel Broking Demat Account?

    Angel Broking Demat Account opening process is online. There are following ways to open demat account with Angel Broking:

    • Leave your contact information here and Angel Broking representative will call you.
    • Open Angel Broking website and fill the information form there that includes your name, mobile no, and city. Angel Broking representative will call you to explain all the account opening details.

     

  2. 2. How to close or deactivate Angel Broking Account online?

    Angel Broking account closure is an offline process. Both Demat and Trading Account can be closed by visiting the nearest Angel Broking branch. You need to either download the account closure form from company’s website under Important Documents section or procure the physical account closure form from the nearest branch. Fill the form and submit it to the Angel branch office. There are no charges for account closure.
    Angel Broking Download Account closure Form -Link

     

  3. 3. How to download Angel Broking App from PC?

    Angel Broking Mobile App is for using it for mobile phones. App can be downloaded on Google Play Store or Apple Store of your mobile phone. App cannot be downloaded on your PC to be used over phone.

     

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Angel Broking User Reviews

avatar
91. ravindra pardhi 8/17/2020 4:48:13 PM Reply
Does not have good agents to contact

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Very Very Poor
Customer Service - Totally Bad not support
Overall Experience - Very Poor
avatar
90. Mohapatra 8/5/2020 9:33:06 PM Reply
You are taking very much charges, even on daily basis.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
89. Aashutosh Jodh 7/4/2020 7:45:51 AM Reply
very best broker

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
88. BHAVESh kothari 7/2/2020 8:52:42 AM Reply
Does not have good agents to contact

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
87. BHAVESh kothari 7/2/2020 8:52:06 AM Reply
Does not have good agents to contact

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
86. Harsh jain 6/5/2020 1:33:47 AM Reply
Hello
today i didn''''t arde in any share but it showing in my account and also i transfer some amount but it doesn''''t shown in my portfolio so kindly reply me as soon as possible
Contact 7000905365
avatar
85. Mahesh Agrawal 6/3/2020 6:53:10 AM Reply
Securities are held in pool account despite repeated requests to payout

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
84. A srinivas 3/18/2020 1:27:22 AM Reply
Slow mobile app

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
83. Tejpal Singh rathore 3/11/2020 1:24:48 PM Reply
Hi team ange

when will you introduce the nest order and basket order.
avatar
82. Rashmi 2/4/2020 6:47:15 AM Reply
It is the worst broking company, plz never ever invest your valuable money through it. I really can''t tell how irresponsible the staffs are? They will sell your shares wherever and however they feel it without even your knowledge. Such a cheaters and fraud they are. They need your money to fill their pockets but you will get nothing in return. Very poor service and have no faith in them.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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