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Angel Broking

Angel Group has emerged as one of the top 3 retail broking houses in India. Incorporated in 1987, it has memberships on BSE, NSE and the two leading commodity exchanges in India i.e. NCDEX & MCX. Angel is also registered as a depository participant w... Know more about Angel Broking

Angel Broking Stock Broker Review Ratings

99 votes  Rate Angel Broking

Overall Rating Fees Brokerage Usability Customer Service
Rated 3.2 stars Rated 3.3 stars Rated 3.4 stars Rated 3.4 stars Rated 3.2 stars
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143. Praveen  Mar 9, 2016 11:47:10 PM IST Reply
CLIENT Code P75648, I opened account with you before 3 days, brokerage told me after giving cheque for 1 lac account opening is 12.8 for one lac for delivery. Now when I m transacting I am getting 250rs for 1 lac. How could be such a vast deference. No software training, No support. Once you get money and that''s end. Is it so?
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143.1. Angel Broking  Mar 11, 2016 10:59:44 AM IST
Dear Praveen,
As per our telephonic conversation dated 10.03.2016, we confirm that your query has been addressed and resolved. Do let us know if we can be of any further assistance.
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142. shahnawaz  Mar 2, 2016 5:59:43 PM IST Reply
Feedback ID:-2702160010

Fraud and cheating by angel broking company

Hi,
My name is Shahnawaz Khan My Client code is NEHR5771 on 13-Feb-2016 with
deposited of Rs. 25,00.00. I am totally new in share market. I got a call
from Angel Broking marketing officer Manish +91 9990129927 he told me sir
please open Demat Account it very good for SIP/Equity plan and he insist to
meat on working day then I refused to me on same day and I told him I am
available on Sunday. Therefore he came to my hoon Sunday he wants few
document I clearly told him that I don’t know about demat account and how
to handle it. Then he told me that Angel Broking relationship manager will
come to your hoand gave you software training then only I agree to open
the account. I Clearly told him that I want only SIP or Equity Account only
and don’t open a intraday account, Angel Broking marketing officer said yes
on every question I asked him. I also asked for brokerage charges on per 1
unit share and also need software training for managing account myself not
want any executive for buying my equity share, then Angel Broking marketing
officer agree on every point and assure me that only 0.15paisa will be
if you buy 1000 the brokerage
charge will be 150 and 14% tax only and no other extra charges will be
apply). Angle marketing officer told me we provide you Relationship Officer
Name Relationship Manager Hemant. when your account opened he call you and
gave you a software training.


After 5 day

My demat account was opened with Client ID: NEHR5771

I got a call from Relationship Manager Hemant (Angel Broking Relationship
Manager) on first day he told me there was a very good call.

I told him I don’t understand what are your saying. I replied him that I
want a software training as your marketing officer said. Then his refused
to give any training and if you want training you can came to Connaught
place office. I clearly told him that I don’t want any online or phone
training. I only want face to face training as I told Manish (Angel Broking
Marketing Officer) then he deny again and again. I told him if i have time
I can came to your office for training and don’t call me again for
purchasing any share on which I don’t have any knowledge or experience
about it.

After 2 Days:- I got a female executive call from Angel Broking company.
Then she said sir, why are you not start a trading with our experienced
officer. I also Said to her that I don’t want any phone call or angle
officer for equity trading and don’t call for same again and again.



After 3-4 Days:- I again got a phone call from Angel Broking officer
Relationship Manager Hemant +91 9718824369/+91 9716964853/
+911145191683/+911145191682 between 12:30 and said sir bahut ache call hai
mai buy kar raha ho and I told him I don’t want any purchase on phone where
I can’t se what is going with my money. Then He said Sir aise kaise chalega
and he forced me 4 -5 time sir buy kar lo rate high ho raha hai or mujhe
samaj mai bhi nahi aa raha tha ki hemant kis ko buy karne ko keh raha hai.
I told him tumhe kharidna hai toh kharid lo mujhe nahi pata.phir buy karta
hai or bolta hai sir maine buy karliya hai. As I Know I have only opened a
Equity account not a Intraday Account and I don’t understand why he would
hemant (Angel Broking officer )buy share in intraday where I don’t have
knowledge of any trading. He not gave me any software training on single
day and why he forcing me to buy share.

On next 20min he loose my money around 3000-4000/- and said loss ho gaya
sir, hum loss recover kar lege then I again hemant called me after 30 min
sir lose call hai puty buy karte hai lose cover ho jayega. Then again he
forced me sir buy karte hai I said him I don’t know how to see trading on
my demat account and don’t know how to manage and you calling me to buy
puty share I asked him what is this puty hemant said sir puty hai or ise
puty kahte hai then he pressured me sir online Angel Broking speed pro
downkaro or login karke share buy karo (As I Know I clearly told my
Relationship Manager i.e. Hemant that don’t call me for buy anything unless
you gave me Software training. why he calling me to buy share on urgent
basis I don’t understant). Then he buy equity share 150 share for sunfarma
and 150 share for Hindustan uniliver. Next day he loose my money again
around 7000-8000/- and said sir loss hogaya hai hum isse next call mai loss
recover kar lege then again he forced sir mai le raha ho 520 share mujhe ye
samajh mai nahi aa raha tha ki account or paisa mera tha or training ke
bina 520 share buy kar raha hai hemant pata nahi kiu aisa kar raha Angel
Broking officer hemant maire sath. Sir buy kar lo share call hai sir hum
ce/pe/banknify/puty par kelege.

(I don’t Understant what is this ce/pe/banknifty/puty/call bina koi
training ke or insab ce pe banknifty puty kiya hai mujhe guid bhi nahi kar
ki ye sab ka working function kiya hai or share buy kar raha hai hemant who
bhi huge quantity mai)



3 times he buy 520 share and lose my money again and again.

Therefore next day again he called sir market bahut hachi hai 1050 share
buy kar raha ho mai sir jaldi batao 3.90 paisa ka mil raha hai. He forced
me sir buy karlo jaldi batao price uppar jaa raha hai jaldi batao and he
buy it by pressurize me too much and after 12:30 he told me sir bahut
nuksan ho gaya hai 80-90paise mai nikal raha ho

(Hemant know forced me to sell on 0.80 paise becahe got his brokerage
amount 2.666paisa on every 1 share 1050unit share)

I Clearly tell your sir that Angel Broking marketing officer Manish never
opened my Demat Account but he open Demat Account for Relationship Manager
Hemant.



1. I Request Manish to Open my Demat account only for Equity buy Not for
Intraday business.

2. I asked Marketing Officer Manish 2-3times what is the brokerage
charges and I need software training and not want any one to call me for
buying share

3. Manish guaranted and assure that the brokerage charges is 0.15 per
point and if you buy the share there will no brokerage charges on a single
share

4. I Clearly said to Hemant Relationshiop Manager on phone that I need a
demat account and software training and if you not have time to trained me
the software then don’t call me (I call you when I am free)

5. I Clearly Said to Female executive of angle broking that don’t call
for buying share with your experienced officer. (Now I see How well trained
Misguiding and forcing the client to buy share without giving him any
knowledge about how to do trade)

6. I Clearly Asked Relationship Manager Hemant what is Rs 2 on every
share then he said sir kharcha hai ye (0.15 ka charge bataya tha per share
or ye kharcha to buy or sell karne par lagraha hai = 5.32) why hemant
hiding brokerage charges? And Why Hemant is charging 2.666 instead of
charging me actual value of brokerage is 0.15 as manish told me

7. My Relationship Manager Never pic my phone in evening for clarify the
trade and never explain the trading bill.

8. Sir in Last Sir Hemant nai daily brokerage profit banane kai liye
intraday mai trading kari hai janbujhkar client ke paise se koi matlab
nahi hai profit ho ya nuksan le brokerage banni chahiye tabhi usene itne
sare share buy kare details as follow:

Buy 150x2.66 =399 + Rs 25.00

Sell 150x2.66 =399 + Rs 35.00

Buy 150x2.66 =399 + Rs 865.65

Sell 150x2.66 =399 + Rs 838.15

Buy 150x2.66 =399 + Rs 883.90

Sell 150x2.66 =399 + Rs 889.58

Buy 510x2.66 =1383.2 + Rs 30.00

Sell 510x2.66 =1383.2 + Rs 24.00

Buy 510x2.66 =1383.2 + Rs 26.00

Sell 510x2.66 =1383.2 + Rs 17.00

Buy 1020x2.66 =2713 + Rs 20.00

Sell 1020x2.66 =2713 + Rs 30.00

Buy 1050x2.66 =2793 + Rs 2.95

Sell 1050x2.66 =2793 + Rs 0.80



9. That why Angel Broking Relationship Manager Hemant Buy Huge Quantity
in 3Day for making Huge Brokereage amount (Please refund my brokerage
charges above 0.15)

Today 26th Feb I calling Relationship Manager Hemant and Angel Broking
Marketing Officer Manish That you told me 0.15 for 1 share unit and
Relationship Manager Hemant charged me 2.666 on every buy and sell. Now
after I told him He never Pick my phone and not answering after I called
him from my friends mobile then didn’t answer why 0.15 is not charging and
asked for refund my all 25000/- money back and he end the call twice. Sir
Now I am Raising my complaint regarding this Fraud, cheating and misguide
about the Equity account….



Sir I am a salaried person not a business man Its my hard earned money. Angel Broking marketing agent I just opened It for Investment not for trading and your relationship manager Relationship Manager Hemant misguide me and forced me for all transaction and if you see my several recorded call I totally deny.

So. Please reimburse high brokerage charges applied on my account in 3 days and rollback the remaining money in my account. Its My Humble request please refund my 25000/- to my saving account and I don’t want equity account any more.



Thanks for your Service………….
Thanks & Regards,
Shahnawaz Khan
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142.1. RAHUL  Mar 2, 2016 9:33:25 PM IST
Dear Shahnawaz,
I am thanksful that you have raised this issue of misguiding and forcefully trading have been done by your RM , As I have also been misguided by my RM Mr. Tirumal regarding obtion charges, intraday trading charges and a no of all other things, I am really disappointed with my unskilled and misguider Relationship Manager as wel as company high brokerage charges of Equity obtions n others, So now I have also decided to move my account in another broker firm. Although I dont understand why Angle Broking company don''''t want his customer for a long time run, By misguiding your customer company can earn more profit / brokerage for a short time only, but For a long run company always loose their genuine customers. After getting disappointed with company, today I have checked company customer oriented business Graph , Which is downwards from 2012 continuousally Now I after reading a No of compaints of others and with my personnel experience, I will nethier recommend to anyone nor want to continue. I would like to suggest to all readers that always go with good broker who dont provide any relationship manager bcaz Relationship Manager always focus to eat your available Fund for his brokerage only not for any guidance or relationship , they always guide according to his profits only not yours ,so Aware.
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142.2. bikash  Mar 5, 2016 11:42:29 PM IST
Dear Shahanawaz ,

There is no different account for intraday and equity...even if for SIP no different account is required. Same demat account will handle all Intraday, positional, future , option etc...even some can handle ur MF investing .. Nvr give permission to ur broker to buy share for you ...just buy share urself ..very minimum amount to understand the market...if u have interest u can learn else leave market. ..brokers work for company not for you ...Any broker you go , they will suck ur blood like this if u give them permission to buy and sell on behalf of you. I have account in HDFC and ventura..... HDFC good customer care but brokerage eating my profits ....ventura is good but software is confusing ...but good customer care (not good as HDFC)....
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141. Rajendren  Feb 12, 2016 6:27:32 PM IST Reply
One of the worst broker in india.Idiots.. last week one of their executive said me that brokerage for stock option is 100 for both buy and sell.But they are now charging 100 for buy and 100 for sell.total 200. now next one of their executive said they will give 6 limit for f&o. We can carry forward that for 3days with 1% penalty charge and after 3days they will charge 5%.but after started trading they are saying limit only for intraday. And last two days their angel eye for smartphone is not working fine.Today morning they simply say angel eye is beta version and angel eye only full version.but in android app they are commenting switch to angel eye for better experience. Have any sense on your comment . Due to late order I almost lost 4k in last todays. Dely in stock update..And today their mob app not working they are saying simply that not working... how do I check my trade and how can i sell ??? Who is responsible for my money....they are having buch of idiots. Never ever think to open Acc in Angel. Its my fate to come back again to angel.Am quiting again but won''t ever think of angel broking.
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140. Manu  Feb 8, 2016 11:35:47 AM IST Reply
Please Don''t Angel brokers though on paper may sound cheaper than others lots of hidden charges and u will lose ur nerves talking to them other brokerage are lot better at least no hidden charges ,have clarity and no mental agony.
NEVER CHOOSE ANGEL ,Account CLOSED
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139. Gopal Mishra  Feb 8, 2016 8:57:26 AM IST Reply
My client id is NEHR5493 There are many hidden charges like dp charge, settlement charge, late fee charge.
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139.1. Angel Broking  Feb 9, 2016 2:57:58 PM IST
Hi Gopal, We tried to contact you, however, we were unable to get in touch with you. We have responded to your query via mail providing you with the clarification of charges with a bifurcation attached.
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138. NAINESH PATEL  Feb 6, 2016 9:52:26 PM IST Reply
My client id is K62776 There are many hidden charges like dp charge, settlement charge, late fee charge. I have also angel gold a/c of rs 2 lac in which now its valuation is 1.7 lac,down of rs 30000/-
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138.1. Angel Broking  Feb 10, 2016 3:39:00 PM IST
Hi Nainesh,

As per our telephonic conversation dated 09.02.2016, Kindly check your email for clarification.
Further, regarding Angel gold account, our concerned team has contacted you and addressed your concern.
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137. Nikhil Choudhary  Jan 31, 2016 2:27:43 AM IST Reply
Angel broking is the worst broker with infinite number of hidden charges like every month they will charge you DP charges i.e. 10% of your total investment. My id is N51677.

When you call to broker they tell you to close you account.
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137.1. Angel Broking  Feb 2, 2016 5:37:52 PM IST
Hi Nikhil,
As per our telephonic conversation dated 02.02.2016, we believe that the matter has been clarified to your satisfaction.
Do let us know if we can be of any further assistance.
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136. Ketan vekariya  Jan 28, 2016 7:40:46 PM IST Reply
Hii my client code is v57190 & i am with angel & in market. I open account with ur from arround 3 or 4 month. I charged many hidden charge. & late fees. I am not satisfied with angel.
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136.1. Angel Broking  Jan 30, 2016 4:29:33 PM IST
Hi Ketan,
As per our telephonic conversation dated 30.01.2016 we believe that the matter has been clarified to your satisfaction.
Do let us know if we can be of any further assistance.
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135. ravi kiran  Jan 25, 2016 9:45:59 PM IST Reply
customer service is very good, website usability is good and overall experience is good

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average
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134. MNK  Jan 25, 2016 7:01:27 PM IST Reply
Dear Sir,

My client code is M34012 and I am one of your loyal client since longtime.
My complaint is regarding high brokerage Settlement charges) taken by you compare to other brokers.

You are offer new customers reasonable brokerage while ignore to existing.

Kind request to be genuine and match my brokerage to other as mention above.

I expect, you will look in to matter and resolve.

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134.1. Angel Broking  Jan 27, 2016 6:07:15 PM IST
Hi,
Thank you for providing your details. We will get in touch with you soon.
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134.2. Angel Broking  Feb 10, 2016 12:10:45 PM IST
Hi Mr. Karia,
This is with reference to your query pertaining to brokerage reduction as per our telephonic conversation dated 10.02.2016.
We have addressed the same and have sent an email to your registered email id with Feedback ID 2701160718
For any further assistance in this regards, you can directly get in touch with Branch Manager Mr. Alok on 079-40903400/40903700.
Thank you for giving us the opportunity to serve you.
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134.3. MNK  Feb 10, 2016 3:43:37 PM IST
No,

Query pertaining to brokerage has not been addressed.
You still taking 30/p and minimum 30/- brokerage

If I open new account with you, you offer me 12/p as brokerage.
But to old customer you are still charging 30/p and not ready to reduce single penny.

Today, I try to call and trade for delivery base trade, but it is rejected even if I have credit amount as script in your demat.
Strange to know that you have deny to buy script which amount much less than the scripts I have in your demat?

I feel better to go with Zerodha or RKSV.
This is my person opinion based on experience.


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134.4. Angel Broking  Feb 19, 2016 11:35:08 AM IST
Dear Mr. Karia,
As per our telephonic conversation dated 19.02.2016 we understand that your above mentioned issues has been resolved.
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133. Ramesh Kumar Chowdhury  Jan 23, 2016 11:34:44 AM IST Reply
My ID R88786, I am of 60 years, I was trading and keeping equities in DP with Kotak Securities, one day saw you while searching on net and was impressed with your low brokerage, I filled my interest online and next day your agent/ dealer contacted me and opened the a/c. He asked me to pay a cheque of Rs.25,000/= and told that I will be charged minimum brokerage if I transfer my equities from Kotak to Angel. Although the stocks were in my wife''''s name,we and she was the holding the Kotak DP I convinced her to transfer the shares in my DP, we thought if we are saving in brokerage then there is no harm in transferring.
But after joining you my feeling is not good with you. 1. your dealer provoke the client to do business in options. 2. They charge the maximum brokerage from the new client. 3. They are keeping inexperienced persons to deal in options to whom you have taught only to maximum buy and sale in options , which is giving good brokerage to dealer on buyer-s risk and buyer is always loser.
I have lost sleep after joining you, I want myself to withdraw from you and I will be a happy person if you release me at earliest.
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132. Ramesh  Jan 18, 2016 7:57:59 PM IST Reply
I am not satisfied with your today''''s mail try to confirm the margins you were having when I started trading, if you need cash margin then why you hold my equities in margin. R88786
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131. Ramesh Chowdhury  Jan 18, 2016 7:44:13 PM IST Reply
My Angel ID R88786, for your information I opened the a/c with you on 02.12.2015 BT paying a cheque of Rs. 25,000/= as margins money, I was told that if I transfer my shares from other DP to your DP and those shares are put on margin and the brokerage will be charged according to margin available in DP. I transferred my shares from Kotak Securities to you as soon as I got the DP a/c no. When I started trading with you my margins was more then Rs. 4 Lacs. When I realised that you are charging excess brokerage I complained to your Kolkata office but there I was dealt in very unprofessional way and I was so irritated that I felt I should move to the courts imimdiatly for the treatment you are giving to your clients, but I thought I should first complain to you if the matter remain unresolved then I may think on future actions.
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131.1. Angel Broking  Feb 22, 2016 12:18:51 PM IST
Hi Ramesh,
We have replied to the client through Feedback ID 1801160551 stating that the brokerage has been correctly charged as per the brokerage slab allotted to while account opening.
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130. Prashant  Jan 16, 2016 4:57:07 PM IST Reply
I am trading in index option with other broker, I want your brokerage for index options. If your rate is less than I can shift my trading from other broking hoto yours.
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130.1. Angel Broking  Jan 16, 2016 5:45:18 PM IST
Hi Prashant,
Kindly share your contact number, location and email id wth us. Our representatives will get in touch with you.
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129. Ramesh Kumar Chowdhury  Jan 16, 2016 8:10:29 AM IST Reply
My customer ID is R88786, I am new to Angel Broker, from 7th January I am trading in NSE OPTIONS through my dealer, yesterday I was checking all my contract notes and I found that I have been charged @.667 up to 13th January each unit buy and sale irrespective of rate and Rs.533 each unit on both side from 13th January, Angel has charged me. almost Rs. 50000/= as brokerage for NSE OPTIONS in 7 days.
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128. Srinivas  Jan 8, 2016 6:59:06 PM IST Reply
No, I am not still satisfied with the brokerage and hidden charges. you never used deduct DP charges more than 326 Rs /year. This time it''''s 526 and there is some hidden charge on 08 Jan, which i have never seen and paid since I opened the account with you in the last five years. Tried to reach your customer care always keep the call on hold - this is another charge...I already revealed my interest of investing more in stock and for eg: you can check my last two days of transactions.

Guys - can any please suggest is there any better service...
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128.1. Srinivas  Jan 8, 2016 7:46:33 PM IST
Whoes reliability is incredible..
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127. Srinivas  Jan 2, 2016 12:15:00 PM IST Reply
Hi, my client code is S103550. You can call up on my alt no 9043429670. Adding to all the above comments, you don''t have an experienced staff to explain the things better, either be customer/online trading service. I never be able to talk to my dealer.Very pathetic. I earned a profit of 350 rupees in the last two days. In fact I had debt of -390 as a AMC before started trading after a long time. The account now shows more than 790 debt I thought the debt would have been reliefed by earned profit but nothing reflected. I hav a plan of investing more money in stock in the next couple of weeks. If an experienced staff call up and explain the above and brokerage/debt, as well as other details pertaining to transferring funds from other non registered bank account, that would be great. Nonetheless, you got a very nice online trading platform.
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127.1. Mohan  Jan 2, 2016 12:57:49 PM IST
I jus spoke to Cust Care..It s really awful, your brokerage is highest among all peers. I strictly don''t recommend you to anyone..i bought nhpc at 21.10 and sold at 21.15 intra day only.. After checking p/l ac, i realized and confirmed, for each share, the brokerage is 4 paisa. If it translates to 100 rupees, it would be 20 PAISA for each100 for intra day..this sucks really a lot.. Do I have to recommend the same to my folks???

You have to note that your franchise is no more in operation in my hometown..how do you still maintain the highest brokerage, even after moving all the accounts to head office, Hyderabad.
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127.2. Angel Broking  Jan 7, 2016 11:52:06 AM IST
Hi Srinivas,
As per our telephonic conversation today, your queries related to brokerage and ledger detail has been explained to your satisfaction.
Further, the contact number of Hyderabad branch representative Mr. Rakesh is as requested by you.
Thank you for giving us the opportunity to serve you.
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126. Shaik Gulam dastagir  Jan 1, 2016 11:49:12 PM IST Reply
I Gulam Dastagir I''d is S153370 from Hyderabad I open account I am new in trade and i do not get any support from staff even I call they do not receives the phones and unexperienced staff non support staff I loss 2500 rupees in one day bcz they do not response to me I have done mistakes in trade . they speaks like illiterate persons . I am trying for days to contact I am busy I will call u apun dekhlege much problem nahi hai such like language
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126.1. Angel Broking  Jan 5, 2016 8:30:55 PM IST
Hi, we are sorry to hear about your loss. Based on the information provided, we will look into resolving this at the earliest.
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126.2. Angel Broking  Jan 7, 2016 11:50:44 AM IST
Hi,
We understand our Branch Manager has spoken with you in this regard and Mr. Rabin Ghimire has been assigned to you as the dealer as requested by you.
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126.3. Vignesh  Feb 4, 2016 11:01:58 AM IST
This is their way of business. They are good in convincing customers to make losses.
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125. Aachal  Dec 21, 2015 1:18:03 AM IST Reply
Cheaters only harres people. Their marketing people spread miscommunication and they do false commitment about brokerage and services. They also put certain terms and conditions which is not discussed at the time of account opening.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
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125.1. Angel Broking  Dec 22, 2015 2:39:10 PM IST
Hi Aachal,
We will look to resolve this at the earliest.
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125.2. Angel Broking  Dec 22, 2015 4:36:45 PM IST
Hi Aachal,
We value your relationship with Angel Broking Ltd. We acknowledge the receipt of your service complaint.Your issue is important to us and has been forwarded to the concerned department, your issue is being given due attention and endeavor to complete in next 3 working days.Your co-operation in the interim is highly appreciated.Also, kindly note your Feedback ID 2212150474 for any future reference.
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124. Aachal  Dec 21, 2015 1:14:22 AM IST Reply
The services are pathetic and this company only cheat innocent customers and not listening to them even after many complaints. I opened an A/c with client code DELL3759 where the marketing personnel promised me so many stuffs and in reality they provided nothing and overcharging the commission promised to me and drastic deficiency in services. When I complaint to the bm he also totally overlooked my complaint.
Angel Broking are bunch of crooks don''t trust them and I m recommending every one to withdraw there hard earned money as they are cheaters.

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