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Angel Broking Consumer Complaints

Incorporated in 1987, Angel Broking is one of the largest full-service retail brokers in India. The company offers a wide range of investment and trading services including stock and commodity broking, investment advisory services, margin funding, loans against shares, and financial products distribution. Angel Broking is a strong neighborhood presence with 110 branches and 11,000 sub-broker offices in 1800+ cities in India as of June 30, 2018.. Angel Broking IPO Live Updates ...

Complaint against Angel Broking Broker

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Angel Broking brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Angel Broking customers. The Angel Broking consumer complaints report analyzes the Angel Broking online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against Angel Broking broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Angel Broking complaint no. report also provides Angel Broking’s number of active clients. This shows the growth of the broker year on year.

Angel Broking Consumer Complaints

Exchange	Financial Year	Number of Clients	Total Complaints
BSE	2020-21	193,313	26
NSE	2020-21	855,583	543
BSE	2019-20	192,599	54
NSE	2019-20	576,414	400
NSE	2018-19	414,831	226
BSE	2017-18	226,661	97
NSE	2017-18	363,663	356
BSE	2016-17	126,507	38
NSE	2016-17	230,194	328
BSE	2015-16	133,401	68
NSE	2015-16	170,808	279
BSE	2014-15	120,509	76
NSE	2014-15	160,354	198
BSE	2013-14	998,740	111
NSE	2013-14	140,174	337
BSE	2012-13	950,151	187
NSE	2012-13	787,923	467
BSE	2011-12	875,354	305
NSE	2011-12	715,612	385

Angel Broking complaint at NSE

	2020-21	2019-20	2018-19
Defaulter Yes/No	No	No	No
No. of clients at the beginning of the year
No. of active clients	855583	576414	414831
No. of complaints received *	543	400	226
Resolved through the exchange	394	314	212
Non actionable **	27	17	0
Advised / Opted for arbitration	1	2	0
Pending for redressal with exchange	121	67	14
No. of arbitration filed by clients	6	14	6
Decided by arbitrators in favour of the clients	0	9	6
Decided by the arbitrators	0	1	0
Pending for redressal with arbitrators	6	5	0
% of No. of complaints as against No. of active clients	0.06	0.06	0.05
% of complaints resolved as against complaints received	77.71	83.25	93.8

Angel Broking complaint at BSE

	2020-21	2019-20	2017-18
Defaulter Yes/No	No	No	No
No. of clients at the beginning of the year	3900514	1811658	1343000
No. of active clients	193313	192599	226661
No. of complaints received *	26	54	97
Resolved through the exchange	20	48	89
Non actionable **	0	1	0
Advised / Opted for arbitration	0	1	3
Pending for redressal with exchange	6	6	9
No. of arbitration filed by clients	0	2	0
Decided by arbitrators in favour of the clients	0	0	0
Decided by the arbitrators	0	0	0
Pending for redressal with arbitrators	0	2	0
% of No. of complaints as against No. of active clients	0.01	0.03	0.04
% of complaints resolved as against complaints received	76.92	88.89	91.75

Note:

* Including against its sub brokers, authorised persons, employees, etc.
** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

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47 Comments

47. sanjay Sep 26, 2020 16:33

They says it's zero brokerage but when you buy they added Additional Brokerage charge that is more than normal brokerage, that's how they are fooling people. Nothing is free.

46. Azad Sep 16, 2020 09:58

This is really cheater I cannot sold my share there
And no response of executive. I will try many times but they not any response

45. Dharni Aug 29, 2020 22:26

The cheater company ...they don't show the exact charges for which they had deducted...they don't show the transaction on one page in the apps ....you will never get back your hard earnings after investing through angel broking.... customer service is worthless...

44. Ritik bhati Aug 22, 2020 14:33

Many angel broking may account khola tha or share Khareda 7000rs ke or angel broking ne mera account lock kar diya ab or ab koi bhi customer care number nhi lag raha h anger broking ek froud company h

43. Dipesh Chaudhary Aug 19, 2020 19:42

Worst customer support. While buying/ booking profit,they show Admin rejection. Cannot buy/ sell without placing a phone call,which may take 3-4 hours since all lines are busy. WORST WORST WORST!!!!!!

42. Yogesh Jul 24, 2020 19:50

Maine angelbroking mobile app se share kharida aur aur use 1 rupaye loss mein bhej diya lekin uska charge ka pata nahin chal raha hai Kitna charge lag raha hai Jo share main becha hai uske paise account mein nahin a rahe hain aur main fund mein se kuchh paise cut chuke hain kripya kar mujhe iska charges bataiye main aage treat karne ki soch Raha tha Lekin is hisab se kaise karunga jab charges ka pata nahin chal raha hai aur add de rahe hain zero brokerage na to aapko koi complaint number lag raha hai Na koi advisor humko advice de raha hai demat account open hone ke bad bhi mujhe charges ke bare mein knowledge chahie share kharidne aur bechne per aap jarurat se jyada charges Laga rahe hain aise kaise main isiliye main chhoti amount se start Kiya

42.1. Sudip Jul 31, 2020 16:45

Angel broking cheated me of 1L rupees.
Day before yesterday my realised gain was 1.62L today it's come down to loss of 1.17 L.
Poor customer care

Be careful

I am thinking to complaint against them with SEBI & NSE

41. Prakash fullara Jul 16, 2020 19:13

I have trading Account P151553 with angel broking. On 15 July I got mail to pay RS 5.16 lac on or before 5.30 PM 15 July 2020. I sold my stock same day and paid 5.43 lac.same available in ledger account. but today on 10 am without any prior information they sold my 8.00 lac stock with loss of RS 80000/-. I sent mail and tried to know the reason but did not get any answer. Kindly tell me what will I do now..what legal option I have now

40. Pooja Singh Jun 16, 2020 00:24

My INTRADAY position of INDUSIND stock of 10th June 2020 was not squared off same day and Angel broking has manipulated it now telling me it was not Intra day but was margin. for one time I thought I was mistaken but fortunately I had 2-3screenshots of order& position which clearly show it was INTRADAY. Now they didn't listen and auctioned it making a loss for me of more than 20,000 just because of trusting them.I suggest all customers to be alert and try to quit this company because some day these people can cheat you Lacs of rupees by saying technical problem etc.
Their customer service is highly irresponsible first they make you wait for atleast 10-15minutes then they will hang you up anytime during conversation...now again you waste your 15 minutes.I am going to close this account and perhaps will fight in consumer forum for this cheat...else please suggest where should I take my fight

39. Nishanth.t.s Jun 11, 2020 23:35

It is the worst case Claint codeT20702 my intraday positions of nifty on date 10/06/2020 had not squared off at end of session, and it carry forwarded for next day, I got mail that it's because of technical problem and it will be rectified, even after problem has not resolved, and now my portfolio is showing loss of nearly 10000 rs on 11/06/2020, which was nearly 10500rs fund balance on 10/06/2020

38. Ashwin Jun 11, 2020 17:08

Angel Broking Pvt Ltd has charged me Rs.5,000 citing subscription to Platinum Advisory Services. I have not enrolled in or subscribed to any such services, I have not received any emails regarding the same. This happened on 09.06.2020. I raised the issue on 09.06.2020 itself, however I have not heard back. When I raised this issue on Social Media, that's when I noticed that several clients have been charged without their knowledge and permission.
What kind of scheme is this? Since when do they have right to subscribe and charge clients/investors without their consent? Since when did unauthorised transactions become okay? This is not a mistake. It is a deliberate act, and they didn't even have the courtesy to mention that this is happening.
Their Customer Support team is a joke, they do not respond to emails. Their customer support team contact numbers are never reachable.

37. Santosh kuar Jun 3, 2020 14:06

I am a small investor investing of rupees 55400 in angel broking for intraday and keeping the P/L records in manually and generating the profit of rupees 4219 between 4 may 2022 to 1 June 2020. Angel broking is debiting the interest charges of rupees 111 and delivery settlement for the month of may 2020 of rupees 324.
Therefore total 435 rupees transitional deduction made by angel broking for the month of may 2020,
When I am going to withdraw my fund capital + earn profit from angel broking . I was surprised you can only withdrawal of rupees 54600 only.
But my total withdrawal should be 59225 after transactional deduction adjustment.
I am contacting many time to the angel broking customer care to explain the deposited amount and P/L, why it is not giving the correct amount to withdrawal from angel broking.
angel broking is just cheating to the small investors customers . Now a days I do not understand how to get my money.
I requesting to my dear friends please do not open demat account in angel broking .

36. Rahul Trivedi Jun 1, 2020 15:23

Angel brokaring is very bad...no calls resiv..
I am 20 call for angal broking no risiv..bogas numbar in I'd..

35. Arun Apr 18, 2020 03:31

They are cheaters. I am middle calls person who is investing for long term goal. But Angel brooking is full of cheater firm. They will sell your share without knowing you even you have fund in the account. They have a back door entry for big investors and playing with your account.

34. wasim ahmed Apr 20, 2020 10:31

Wrost broker and service never aopen account in this company we will complain and reject the licence of this company.

33. Suhas Apr 20, 2020 10:37

I opened trading account in Angle Broking at November 19.
But from past 4 days my fund showing -30,000

I never trade in margin.
Customer care not attend my call.
And No reply my mail also.

Faltu service.

32. Hiren Patel Jul 18, 2019 23:02

Dear All,

Firstly, don't open the trading account in angel broking. There are treated to customer as a worker. They are very rude on phone call answer.
I am Hiren Patel, I had placed an order for yesbank at 80.50 on Jule 18 and share price has been rich to Rs 79.15 and still order was not executed from Angel Broking.

I called more than trice time on 022-40174040 to get the answer of my issue. I had word with Priyanka Kapasi and she started some new stories on phone instead of giving proper response of question and problem .I dropped an email to her and her Manager VIVEK Kushwaha. I got an email response from VIVEK, please contact to support team.

Now, I have a question why should I opened my account in angel broking, If everything I have to do from my side so guys, please think more than thrice time before opening trading an account in Angel Broking. Services are very disgusting and horrible.

Regards,
Hiren Patel

31. Neha Kulkarni Jun 30, 2019 12:08

Worst service by Pragati ....don't understand with what qualifications they sit Der .... Pragati entered wrong email address of.mine while opening account and then without any corrections she blocked.me worst service
.. WHAT KIND OF SERVICE BY ANGEL BROKING?

30. ashish Jun 12, 2019 20:42

worst application ever......limit order not properly execute in some order....very bed

29. Mahesh Apr 19, 2020 12:44

1 |

Koy Fon Upadtu nthif

28. NAVEEN May 14, 2020 13:40

1 |

ANGEL IS CHARING HIGHER BROKERAGE THEN COMMITED WITHOUT ANY INFORMATION. THIS IS CHEATING FROM ANGEL SIDE.

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Angel Broking Consumer Complaints

Complaint against Angel Broking Broker

Angel Broking Consumer Complaints

Angel Broking complaint at NSE

Angel Broking complaint at BSE

Contact Angel Broking

47 Comments

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