Angel Broking Review

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

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Operating since 1987, Angel Broking one of the largest full-service brokers in India.  Established with a single vision to offer the best services with innovative products to its clients, Angel Broking has come up with many advanced technologies, personalised services and investment strategies. The broker is a registered trading member of both the stock exchanges, BSE & NSE and commodity exchanges, NCDEX and MCX. It is also registered as a depository participant with CDSL. It is providing multiple range of products & services to people including equity trading, derivative trading, commodity trading, currency trading, IPO, Mutual Funds, ETFs, and life insurance as a full-service brokerage house. It also offers portfolio management services to high-net-worth individuals (HNIs) to assist them with investments in a customised portfolio management by experienced professionals.

Angel Broking serves Indian residents, NRIs and HNIs through its 2-in-1 account opening facility. The broker offers trading and free demat account opening to trade across various segments. Its Angel iTrade Brokerage Plan offers free equity delivery trades and charges Rs 20 per executed order on other trading segments. Currently, the broker has nation-wide presence in 1,800+ cities with a strong network of 8,500+ sub-brokers and above 1 million clients’ base.

As a broker, Angel Broking has best innovative products to offer to its clients which provides them personlised services and assistance. Its platforms including AngelBroking Trade, Angel Broking App, and Angel SpeedPro are available at free of cost to all users. Angel Broking ARQ is first of its kind wealth management system, predictive and intelligent. Angel Broking API offers free algorithmic trading to not only investors but also to startups, advisors and everyone who wants to get into algorithmic trading to executes real time trades.

The brokerage house also offers free trading recommendations to investors and traders to assist them for profitable trading. Clients can also avail additional services i.e., free research, margin trading, loan against shares, call & trade, centralized helpdesk, etc.

For the extraordinary efforts in the online broking field, Angel Broking has achieved many accolades and honours 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 2021 - 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.


  • 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


  • 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 Yes
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.


  • 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


  • 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

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


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 ( 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.


    • 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.


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

    Angel Broking SmartAPI

    The SmartAPI offers free algorithmic trading to traders, startups, advisors, and essentially to those who wants to enjoy algo trading and real-time trades. The API is deployed in 5 languages so you can enter code in your familiar language.

    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 73 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 and Angel Broking API are platforms that offers personalized advisory as per clients’ specification and algo-trading experience to everyone.

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 2021-03-01

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.



  4. 4. How do I contact Angel Broking?

    To contact Angel Broking, clients can raise ticket through their profile where they can complain their grievances. If they are not satisfied, they can contact on the following email and phone number:


    68071111 | 42185454


    [email protected]



  5. 5. How to withdraw money from Angel Broking?

    To withdraw money from Angel Broking demat account, you need to follow the steps:

    • Log in to your profile by entering demat account details.
    • Click on the “Funds” section provided in your profile.
    • You will be redirected to funds page where you will get options of Add Funds or Withdraw.
    • Click on withdraw option and you will get the details of amount available,
    • Enter the amount you want to transfer in your bank account. You can only transfer the money that is received by you after selling certain securities.
    • Enter all the relevant details asked by the broker, enter amount and password to initiate the transfer.
    • In few hours, the amount will be credited in your bank account.



  6. 6. What is Robo Order in Angel Broking?

    Orders which get sell or buy automatically when your shares hit triggered price in intraday trading are called Robo Orders. There are few things need to mention while placing Robo order on Angel Broking are:

    • Quantity
    • Order Type: Limit or Market
    • Price
    • Stop Loss
    • Trailing Stop Loss
    • Profit Order Details
    • Protection Percentage



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Angel Broking User Reviews

101. Jay Modi 3/1/2021 9:59:58 AM Reply
angel is really third class .. when they cant handel the puclics querry they should not advertise so much... no customer service at all

Very Poor when it comes to help option with them .

Never open DMAT with them

101.1. Shahrukh Zari 3/11/2021 11:57:56 AM
I agee to Mr. Jay. AB is more worst than third class. no prompt service at all. I am fed up with their service. one of my friend and me had the same transactions while trading the difference was he had a brokerage of Rs. 400 and I was charged Rs. 20000. Despite of raising the complaints on this issue my issue is not solved yet. Very poor
@New customers- Please do not open your account with AB. Better you go with some other firm
100. Shahrukh Zari 3/11/2021 12:16:39 AM Reply
AB is a third class broker. Charging a hell huge amount of brokerage to me. not even a single service call from their side. Angel broking is not a customer oriented it is brokerage oriented firm. First charges a huge brokerage and when the customer complains about the same, they say that you have old brokerage plans please send an email we will upgrade your brokerage plans. Now its almost a week I have sent an email requesting to change my brokerage plans, but still that has not been addressed by AB. Honestly I am paying more brokerages as compared to my profits/ losses.
Now I am leaving Angel Broking and join some other broker firm. If a zero "0" or negative rating was an option, I would have selected that rating.


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
99. KUNJAL 12/23/2020 12:16:57 PM Reply
banknifty call put option selling hedging main kitna margin lagta hai brokerage. 1 lot. ki
99.1. ARUN RAJPUT 1/24/2021 8:21:54 PM
98. Jonathan 1/21/2021 8:51:24 PM Reply

Assuming I want to.purchase share of Rs50k and I make a profit of Rs50k. (Principle+ profit =Rs1lac). How much cash fund should I maintain in my trading account to buy & sell Shares.
97. D Bagchi 1/7/2021 9:47:33 AM Reply
The Angel Broking delivery charges are not free for equity. They charge Rs.20 + GST for each ISIN traded in equity. This is their brokerage which they call settlement charges. The information given here is incomplete and incorrect about Angel Broking. Also their Trade Angel trading platform is horrible. This platform is slow, and gives wrong information. In addition it has a problem of re-login again and again.
96. Balakrishna Gajam 10/12/2020 10:06:03 PM Reply
Today worst experience to much loss. Angel broking should stop their business. It''s not eligible for stock broking. Stupid. No customer care is lifting the phone. I tried today more than 30 times to covert my intrady to carry forward to recover my loss. Even I have 40k in my account, 33 k value is not converting. What is this. Whom should I complain. I tried register in SEBI to complaint. When I clicked on register in SEBI, it''s showing page is loading. Any way I will complain.
95. SAMIR PATEL 10/8/2020 1:37:38 PM Reply
There is nothing to say positive about Angel Brooking. Don''''t know why he told customer NO 1 service.. 3rd Class service.


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - No once given proper answer/No experience Person
Overall Experience - Very Poor
94. Samir Patel 10/8/2020 2:06:58 AM Reply
There is nothing to say positive about Angel Brooking. Don''t know why he told customer NO 1 service.. 3rd Class service.


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - No once given proper answer/No experience Person
Overall Experience - Very Poor


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
93. Akshay mane 10/4/2020 8:15:17 AM Reply
Very high brokerage rates


Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Average
Overall Experience - Below Average
92. Deepak jani 9/25/2020 10:10:52 AM Reply
Angel broking service is very poor. No one responding on call properly or not replied me for my complaint on mail from six days. They do not care your portfolio. Without any intimation sell your shares. Make you big loss. Playing your account. I have very bad experience with angel broking