Last Updated - 2018-12-04
Rated 4/5 based on 94 customer reviews
Angel Broking just not only provides a trading platform but also provides a wide range of personalized wealth-management and investment services to its retail clients. Angel has pan India presence and products and services to satisfy every investor type backed by intensive research.
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Angel Group is a well-known Brokerage house and Wealth Management Company in India. Angel Broking, the part of Angel Group was founded in 1987. ANGEL BROKING is one of India's leading Financial Investment Solution Provider with expertise in providing end to end investment solutions through its dedicated centralized service desk.
The company is centrally located in Mumbai but also spread far and wide having branches in around 900 cities in India, 8500 sub brokers and 1 million clients.The broker provide NRI services to its 800 k + retail NRI clients across 143 nations and territories.
Through Angel Broking, you can trade in Equity, F&O,Commodities and currency across BSE,NSE,NCDEX & MCX. It not only provides platform to trade in Mutual Funds, and IPOs but also provides guidance for trading in stock market and value-added tools and services to enhance your trading experience.
The full Service broker also offers services like Portfolio management, Investment Advisory, Life Insurance, Personal Loans and Depository Services. Angel Broking is registered as a Depository Participant with CDSL.
Angel Broking only offers Trading and Demat Account which means for transferring money from Trading Account to your bank account is not seamless. It takes a call request to get money back in your bank account.
The Broker is awarded with many prestigious awards in Financial sector like Top Performer in equity segment award in BSE 2015, D&B Equity Broking Award for 'Best Equity Broking House' 2015. Angel Commodities Broking (P) Ltd. is subsidiary of Angel Broking for commodities trading.
On Customer Service side, Angel Broking claims to have centralized help desk, email, phone and live chat support though I haven't seen any live chat window onsite. Clients mostly complaints about negligence of Angel Broking Representative over their queries. 24*7 customer support is missing even with such big name in Industry.
Here we are comparing Angel Broking with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Discount Broker||Full Service Broker||Full Service Broker||Discount Broker|
|Brokerage||Max Rs 30||Rs 20||0.05 to .55%||0.1 to 0.5%||Rs 15|
|Account Type||2 in 1||2 in 1||3 in 1||2 in 1||2 in 1|
The Brokerage of Angel Broking is volume based.The more you trade with them, the cheaper your brokerage will be.The Broker maintains a competitive brokerage as far as equity cash, Intraday and Future goes. Its options Brokerage is also on the lower side in the Industry making it ideal for casual investor.The brokerage for Equity Intraday, Future, currency option and commodity is same which is .04% to .01%
Equity Delivery - Equity Delivery Brokerage charges for Angel Broking ranges from .40% to .10% which competes most closely with Geogit BNP Paribas ( .30%) and Ventura (.20%) and lower than Reliance Securities (.50%). HDFC Securities (.50%) and ShareKhan (.50%).
Equity Intraday trade for Angel Broking runs at .04 to .01% which is quite cheaper as compared to big names in Industry like ICICIDirect (.275%) HDFC Securities (.10%) SBIcap Securities (.07%). So Angel Broking can be a good choice if you are a Intraday trader.
Derivative Future Trading with Angel Broking can be done at .04 to .01% which is quite in line with its competitors like Reliance charges (.04%) and GeojitBNP Paribas at(0.03%).
For Equity Options, Angel Broking is charging Rs 60/Lot which is in average range as compared to its competitors where ICICI(Rs 75-35 Per lot),Sharekhan(Rs 100 Per lot or 2.5% whichever is higher) on higher level and Reliance Securities (40 Rs Per Lot) and Ventura (RS 50 Per Lot) on cheaper side in industry.
Currency Future and options - Angel Broking is offering Currency options at(.04 to .01%) and currency future at (Rs 30/Lot) where Geojit is offering both currency future and option at 10 to 15 Rs as lowest and HDFC Securities is charging Rs 23 per contract.
For Commodities, Angel Broking is charging @.04 to .01% which falls in average range, where Sharekhan charges 0.10% (Higher),Kotak Security .07%(Higher), Motilal Oswal .05%(Average),Indiabulls .03% (Lower).
From April 1st, 2019, Angel launched a new plan which is called “Angel iTrade”. This plan is in line with the flat fee plan which is long awaited with a full-service broker like Angel Broking. The Angel iTrade Plan is offering trade-in maximum of Rs 30 per executed order. With this new plan Angle Broking is adding its name in “low brokerage trading account in India”. For Options - Order value is calcualted on Lot size * (Strike + Premium), so this will be always above Rs 50K. Rs 15 plan is benefisiery if you are doing small trade in delivery or Intraday. For retail IPO investor, you can enjoy Angel broking iTrade plan.
Angel iTrade Brokerage Plan Details –
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|Brokerage Plan||Angel iTrade|
|Equity Delivery||Rs 15 up to Rs 50K, Rs 30 above Rs 50K Order Value|
|Equity Intraday||Rs 15 up to Rs 50K, Rs 30 above Rs 50K Order Value|
|Equity Futures||Flat Fee Rs 30|
|Equity Options||Flat Fee Rs 30|
|Currency Futures||Flat Fee Rs 30|
|Currency Options||Flat Fee Rs 30|
|Commodity||Flat Fee Rs 30|
For complete brokerage charges and trading plans detail please visit Angel Broking Brokerage Charges.
There is simple ways to open an account with Angel Broking:.
Web Based Platform: Angeleye.angelbroking.com is the proprietory website of Angel Broking for trading in all segments with advance features like Portfolio tracker,Interactive charts,market news, Angel's research report, Model portfolio, tick by tick market feeds with fast and simple execution.
Software based trading Platform:Angel SpeedPro : This is the installable software that can be downloaded and installed on your computer. This is a fully functional trading terminal allowing fast execution of orders with real time monitoring, Online fund transfer (39 banks), Streaming Quotes and Multiple Exchanges. Its features includes News Flash, Open in Excel (Live market in excel with rate refresh), Combined Best Five,Heat Map Analysis, Intraday, Historic and Continuous Charts. Dedicated Research area which provides Angel calls, Daily Report and Research Reports.
Angel Swift (tablets/smartphones/mobiles): Angel Swift is the Application for ipads , android tablets,android smartphones ,iphones,blackberry, JAVA and other android phones for trading on NSE Cash, NSE F&O, BSE Cash, MCX, MCX-SX, NCDEX. Fetures are Real-time access to multiple reports, stock-portfolio, charts.
Angel Lite(mobile/tablet): A browser-based mobile trading tool that can be used with low GPRS connectivity. It doesn't requires any downloading and installation.
For detail review of mobile app and download please visit Angel Broking Trading Platform Review.
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Angel Broking is among the top five brokerage houses in India and has highest no of trading terminals.But the broker is left behind when it comes to things like tools to calculate the brokerage and margin calculator. Also there is no clear view of their brokerage plans anywhere on website.
Looks like the brokerage is negotiable which means once you start trading with Angel Broking, your brokerage charges may be reduced depending upon your trading volume.
The Broker doesn't have good repo over customer service as far as reviews are concerned .They also have minimum brokerage of Rs 30 which is like additional charges to trade in Penny Stocks.
Overall an average Broker as per our reviews which can be improved and shine over others overtime in Indian brokerage space.
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.