Angel Broking was incorporated in 1987 as Angel One. At that moment, it was one of the largest full-service brokers in India. It has 110 branches across the country and serves thousands of customers.
Angel Broking Overview
Among the two types of brokerage houses available, Angel Broking falls into the full-service broker category. They provide services in a wide range of products, such as IPOs, Commodities, Mutual Funds, Equities, Life Insurance, and Portfolio Management Services (PMS).
It is headquartered in Mumbai and has a strong ecosystem with 11,000+ sub-brokers in 900+ cities, 10+ lakhs of customers, and 3+ lakhs of broking accounts.
The brokerage structure could be higher and comes across as a discount broker. However, it is still noted that small traders trading will need more to be best suited for the platform. The brokerage firm goes above and beyond to address this issue by providing training modules.
Keep reading ahead to discover more of its trading tools and benefits. This article is just a small snapshot, and if you a looking for a detailed Angel Broking Review, you can visit top10stockbroker.com.
Brokerage Charges
The table below maps the entire brokerage fee structure of the brokerage house:
| Brokerage Charges & Fees | Angel Broking |
| Equity Delivery Trading | Free |
| Equity Intraday Trading | Rs.20 / Executed Order |
| Commodity Options Trading | Rs.20 / Executed Order |
| Equity Futures Trading | Rs.20 / Executed Order |
| Equity Options Trading | Rs.20 / Executed Order |
| Currency Futures Trading | Rs.20 / Executed Order |
| Currency Options Trading | Rs.20 / Executed Order |
| Minimum Brokerage | Rs.20 / Executed Order |
| Demat AMC Charges | Rs.450 |
| Trading AMC Charges | Free |
| Margin Money | 75% Margin |
The equity delivery charges under the brokerage house are free of any charges. For trading in any other financial instrument, the charges are Rs.20 for every executed order, regardless of the total trading volume.
As for the annual maintenance charges, Angel One only levies Rs.450 on Demat accounts and nothing on the trading accounts.
They also require the clients to maintain a 75% margin in their accounts.
Trading Platforms
The brokerage firm uses the best technology to create best-in-class trading platforms and tools. The same are listed below:
Angel Speed Pro
Angel Speed Pro is a terminal-based trading software that can be easily downloaded on a desktop or laptop. The platform ensures that the users can access all the trading and monitoring on just a single screen.
Angel Broking Trade
Initially, the trading platform was called “Angel Eye.” The same is upgraded to “Angel Broking Trade.” Unlike the previous trading tool, this does not need to be installed; users can easily use it directly on their browser.
Angel Bee
Angel Bee is the advisory segment of the online trading application. The clients can add their investment goals, and based on those, the advisory engine- ARQ will suggest trading activities. This is one of the most useful applications for newbies.
Angel Broking Mobile App
The Angel Broking Mobile App is a comprehensive technology that allows its users to get a real-time update on the financial markets and the status of their transactions. The app is powered by award-winning technology-ARQ. The app also won the “Best Mobile Trading App” award at the Global Marketing Excellence Awards in 2016.
Benefits
Some of the best features of Angel Broking are turning out to be beneficial for the clients. These benefits are listed below:
- Flat brokerage fee of Rs.20 for all the products.
- Free Robo advisory on different investment goals and other additional research tips on equities and mutual funds.
- The brokerage house provides a full-service trading platform at very low fees.
- Through Angel Broking, individuals can also trade in corporate bonds.
- Artificial Intelligence-based trading tips and advice.
- Do not charge any specific fees for NEFT transfers.
- Complete beginner’s training as well as hand-holding of the trading account.
Angel Broking Demat Account is available for free right now, you can open it online in just 10 – 15 minutes.
Offers
The following are some additional services provided by the stockbroker:
Live market watch: The platform allows users to get live market updates and maintain the data in Excel format.
Real-time updates: With a few buttons, you can stream the transaction live.
UPI AutoPay for Mutual Funds: The first company to offer UPI AutoPay for mutual funds. It significantly reduces the processing time for SIP e-Mandate authentication to a few seconds.
Conclusion
Both traders and long-term investors are the beneficiaries of Angel Broking’s flexible brokerage plan. Therefore, it is best to invest through Angel Broking and take advantage of end-to-end investment services rather than trading with any other discount broker that offers very limited services.
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