Unlimited Trading @ Rs 899 per month - Prostocks

Angel Broking NRI Account Review


2.87% 426,716 Clients

Angel Broking, a leading full-service stock broker in India, offers online trading to both resident and non-resident Indians (NRIs). Angel Broking offers 2-in-1 accounts to NRIs combining a trading and a demat account linked to each other. NRIs can use the account to trade in stocks, equity derivatives, and IPOs.

Angel Broking iTrade Plan is a discount brokerage plan. In this scheme, the customer pays a flat Rs 30 per executed order.

The company also offers research advisory services wherein daily, weekly and rollover reports are published on economic and market trends. The research team also provides recommendations on top stocks, IPOs and other investment instruments.

Angel Broking doesn't offer Mutual Fund services. However, it offers Portfolio Management Services (PMS) wherein customized solutions are designed to meet various investment goals.

Angel Broking offers a range of online trading applications for trading and analysis. Angel SpeedPro is its desktop trading platform. Angel Broking Trade is its browser-based website for trading whereas Angel Broking App is a mobile trading application.

Angel Broking NRI Trading Account

Angel Broking NRI services include:

  1. NRI Trading Account
  2. NRI Demat Account

The trading account allows NRIs to buy and sell securities across BSE & NSE.

The demat account holds the securities in electronic format. These accounts are opened and managed by CSDL and NDSL. The role of Angel Broking is limited to an intermediary between the central depository and the customer. The demat account offers a secure way to hold securities just like a bank account. Read NRI Demat Account Explained for more details on Demat Accounts.

In addition to the above 2 accounts, NRIs would need PIS Certificate, NRE & NRO bank accounts to trade. Those who wish to trade in derivatives would need a CP Code.

Note-

  • PIS Certificate is a must for trading in shares.
  • NRI can trade only in delivery-based shares. No intraday trading on stocks allowed.
  • Currency and commodities trading is not allowed to NRIs.

Angel Broking NRI Demat Account

Angel Broking offers NRI demat account through its membership with CSDL. A demat account is a must to trade in India Stock Markets.

Angel Broking NRI Demat Services Review

  • Can be opened in single or jointly with another NRI.
  • Angel Broking NRI demat account is same as demat account for resident Indians.
  • NRIs need to choose the account subtype as Repatriable or Non-Repatriable.
  • An NRE or NRO bank has to be linked with a demat account.
  • The dividend, interest or bonus earned are auto-credited to the linked NRI bank account.
  • The demat account can be accessed online.
  • SMS, notifications and alerts are provided for every debit/credit from the account.

Angel Broking NRI Trade Process

Angel Broking offers a completely online and fast trading experience to NRIs. Once your NRI 2-in-1 account is opened, the step-by-step Angel Broking NRI trading process for trading in Equity is as follows:

  1. Transfer Funds

    You need to transfer funds from your PIS account to your bank account. The bank will inform Angel Broking about the fund transfer based on which your trading limit will be updated.

  2. Placing an Order

    Login to any of the Angel Broking trading platforms and place a buy or a sell order online. Angel Broking's system will check the funds for a buy order or availability of securities the demat account for a sell order. If everything is alright then your order will be executed.

  3. Debit/Credit

    Depending on whether you have placed a buy or sell order, your linked NRI bank account, and linked NRI demat account will be automatically credited or debited. It takes T+2 days to debit/credit to happen with T being the day of trading.

  4. Reporting

    All transactions at the end of the day are automatically reported by Angel Broking to your Bank for onward reporting to RBI.


Angel Broking NRI Trading Account Charges

Angel Broking NRI brokerage charges for trading in Equity and Equity Derivatives.

TransactionFee
NRI Account Opening Charges₹0
NRI Account AMC₹0
Equity Delivery Brokerage₹15/trade (<₹50k order) | ₹30/trade (>₹50k order)
Equity Future BrokerageFlat ₹30 per executed order
Equity Options BrokerageFlat ₹30 per executed order
Other Charges

Angel Broking NRI Trading Software Review

Angel Broking offers a range of in-house developed trading platforms and tools like:

  1. Angel SpeedPro (Desktop Trading Platform) Angel SpeedPro
  2. Angel Broking Trade (Online Trading Website) Angel Broking Trade
  3. Angel Broking App (Mobile Trading App) Angel Broking App Review
  4. Angel ARQ (Investment Advisory Tool) Angel Broking Trade

All the online trading software are available free of cost to NRIs.


Angel Broking Investment Options

The investment options available to an NRI at Angel Broking.

Investment OptionStatus
StocksYes
Mutual FundsNo
IPOYes
Others

Angel Broking NRI Account Opening Process

To trade/invest with Angel Broking, an NRI has to open a 2-in-1 NRI account.

How to open NRI account with Angel Broking?

  1. Visit Angel Broking Branch

    If you're in India then you can visit the nearest Angel Broking branch office and open an account.

  2. Contact Customer Support

    NRIs who are currently outside India can email to support@angelbroking.com or call at 022-33551111/ 42185454 to open Angel Broking 2-in-1 account.

Angel Broking Account Opening Documents

You need to provide the following documents to open an NRI 2-in-1 account with Angel Broking:

  • Copy of Passport
  • Copy of Valid Visa
  • Address Proof
  • Colour Photographs
  • Copy of PAN Card

All the documents need to be self-attested and attested by the notary public.


Angel Broking Key Features

FeatureStatus
3-in-1 AccountNo
Free Research and TipsYes
Automated TradingNo
Other Features

Angel Broking NRI Mutual Fund

Angel Broking doesn't offer Mutual Funds to resident Indians or NRIs through its trading platform. However, Angel Broking NRI customers can invest in Mutual Funds directly through AMCs by providing their Angel Broking demat account details in the application form.


Angel Broking NRI Customer Care

Angel Broking NRI Support Desk contact information. Find Angel Broking NRI contact number.

Angel Broking NRI HelplineNumber
Angel Broking NRI Customer Care Number022-33551111/022-42185454
Angel Broking NRI Customer Care Email IDsupport@angelbroking.com

Angel Broking NRI Trading Account Advantages

  1. The flat-fee stock broker offers trading at a low brokerage charge.
  2. Offers access to good trading software and tools.
  3. Offer solid research advisory services.

Angel Broking NRI Trading Account Disadvantages

  1. Doesn't offer 3-in-1 accounts. Only offer 2-in-1 account combining trading and demat accounts. So, NRIs to first transfer funds from their PIS account to Angel Broking trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.

Conclusion

Angel Broking comes across as a decent choice for NRIs looking to trade in Indian stock markets. The company offers best-in-the-industry research services and trading recommendations to NRIs. It doesn't offer mutual fund investment services to NRIs. However, it charges a low flat-fee brokerage which makes it an attractive stock broker for NRIs.


Frequently Asked Questions

  1. 1. Can US-based NRIs open a trading account with Angel Broking?

    Yes, US-based NRIs can open a 2-in-1 trading account with Angel Broking. This account combines a demat and trading accounts. NRIs, however, have to open PIS, NRE & NRO accounts on their own from a bank. They also need to get a CP code to trade in Equity Futures & Options.

    Discuss this question

  2. 2. How can NRIs open account with Angel Broking?

    Online account opening facility is not available to NRIs. They can open an account in 2 ways-

    1. Visit a Branch

      If you are in India, then visit the nearest branch office to open an account.

    2. Contact Customer Support

      You can contact Angel Broking customer care number either through email or call. The Angel Broking contact numbers are provided above.

    Discuss this question

This page is a review of NRI Trading Account NRI trading account Angel Broking. Find Angel Broking NRI Brokerage Charges and Calculator and steps to convert to NRI account with Angel Broking.

Contact Angel Broking / Request Call Back

Name:Phone
EmailCity
State
Are you a day trader?

Angel Broking Competitors Review

Information on this page was last updated on Monday, April 8, 2019


Comments

No comments found. Be the first to post a comment.

Enquire Angel Broking Trading Account:

Name:Phone:
Email:City:
State:
Are you a day trader?



Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App