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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 neighbourhood presence with 110 branches and 11,000 sub-broker offices in 1800+ cities in India as of June 30, 2018.. In Nov 2019, Angel Broking revamped its broker...

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	2019-20	145,003	33
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

	2019-20	2018-19	2017-18
Defaulter Yes/No	No	No	No
No. of clients at the beginning of the year
No. of active clients	576414	414831	363663
No. of complaints received *	400	226	356
Resolved through the exchange	276	212	355
Non actionable **	17	0	0
Advised / Opted for arbitration	2	0	1
Pending for redressal with exchange	105	14	0
No. of arbitration filed by clients	14	6	28
Decided by arbitrators in favour of the clients	9	6	10
Decided by the arbitrators	1	0	5
Pending for redressal with arbitrators	5	0	18
% of No. of complaints as against No. of active clients	0.06	0.05	0.09
% of complaints resolved as against complaints received	73.75	93.8	100

Angel Broking complaint at BSE

	2019-20	2017-18	2016-17
Defaulter Yes/No	No	No	No
No. of clients at the beginning of the year	1811658	1343000	1196187
No. of active clients	145003	226661	126507
No. of complaints received *	33	97	38
Resolved through the exchange	30	89	35
Non actionable **	0	0	1
Advised / Opted for arbitration	0	3	1
Pending for redressal with exchange	3	9	1
No. of arbitration filed by clients	1	0	2
Decided by arbitrators in favour of the clients	0	0	2
Decided by the arbitrators	0	0	1
Pending for redressal with arbitrators	1	0	0
% of No. of complaints as against No. of active clients	0.02	0.04	0.03
% of complaints resolved as against complaints received	90.91	91.75	97.37

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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35 Comments

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.

27. Mahesh Apr 19, 2020 12:42

Koy Fon Upadtu nthif

26. Vikas sharma Apr 17, 2020 10:41

This is the worst broker company seriously they dont even pick up your calls and logs youbout everytimd they just waste your money , Cheaters worst No support provided they eat ur money dont trust them

25. Aayan Patel Apr 10, 2020 14:53

Totally cheater company...They are selling my holdings without my permission
They never credited shares in my demat account
They are doing auto squared off without my concent
They will eat your all money slowly slowly

Hey god may angel broking chairman, its partners and brokers will die from heart attack and due to corona
I curse you them...

And a message to all of you who is going to open account in angel broking its request to you not to open your account in this i mean never open your account in angel broking limited its better to open in any other broker
Its ruined my all money please save your

24. Shankar Sharma Mar 22, 2020 23:28

Totally fraud broker...Advised everyone not to deal with angel broking.I joined the service of platinum pack by mistake.. Before deduction of my money I called them 48 times but they didn't pick the call or phone is busy or cut the phone..so rude behaviour..I posted a mail on support angel..but they also didn't reply...
My id is -S288872
I will wait only for 2 days,after it I posted on twitter and tag with PMO and SEBI to close this broker..a big cheat and fraud..

23. Manish Dabhi Jan 25, 2019 11:35

Angel Broking deducted so many charge on my account and after that they didn't releasey money because thay said some charge will be diducted in future this is ridiculous
I suggect every one please be careful while dealing with angel Broking because your money may never get back to you
Angel Broking provide very bad service, and they are not provide any support, they just want to get money through charging money illogical.
So again be careful while dealing with angel Broking

23.1. MINAKSHI SAHU Mar 19, 2020 15:20

Angel broking is a fraud broker house thaey will wipe out your money in different ways like sold your delivery based stocks and that amount has been adjusted against margin money Ex.100000 will be adjust in 25 I margin they provide. So be care full .Book complaints in NSE site

22. Sandeep Kumar Mar 18, 2020 18:00

Very poor service after account opening. Customer care executive not pick anytime. And no response from RM. Pathetic service in Angel broking.

21. Aziz Feb 8, 2020 12:07

My ID A141381
From Manglore,
One of Agent of angel broking contacted me and requested to invest 20000/- and said he only manage portfolio. I deposited my demate account Rs 20000/- and then he ask 7000/- as brokerage to deposit his personal account. I deposited.
But he did not give any profit since 7 months. And he not giving my money back. He only managing my account and password also changed.
How can I get my money back... pls

Manglore

20. srilakshmi m Oct 9, 2019 15:09

Angel broking is not uppdating records. reports are not showing correct position. Every time we have to contact them for rectification. The response and services are not anticipated.

19. Akshay Oct 8, 2019 13:03

1 |

they are doing fraud. Server shows down sometimes and do some trading on your behalf and shows

18. Neelam Sep 8, 2019 03:48

Angel broking -SEBI ragistered big fraud comp. ,after some time your account money is ZERO,

17. Sanju Gupta Jul 12, 2019 16:03

Dear All,
My Client ID is S242742 (Sanju Gupta)
I cought a fraud by the employee of Angel Broking Kinjal Hariram Rajbhar.

Today, I bought Nifty Bank 30600 and 30800 call 72 lots each in intraday basis. I requested to her that please convert my position carry forward around at 2.45 p.m. at that time my account balance is around Rs. 2.5 lac around. she told me that there is a shortage of fund by 48,600. I told her please convert my position to as much as possible and for balance position I will transfer the fund immediately. But she did'nt done.

when I am going to transfer the fund through mobile app 3.04 p.m, saw that in my account no carry forwards position are there.
I am unable to understand that how it is possible that my already carry forwad position is square off without my permission by Kinjal Hariram Rajbhar. Then a call her again and she told me that all position (carry forward as well as intraday) automatically square off if loss is 80% of value.

This is highly misbehavior of your employee with your client. Requesting you to resolve the issue immediately, otherwise I have no option to go with legal.

Regards,
Sanju Gupta

16. Neha Kulkarni Jun 30, 2019 12:12

Very very poor service by Pragati shame on her as service provider....worst service providers don't know anything.....why they sit Der don't understand.... Pragati entered wrong email address of mine while opening account and then without any corrections she blocked me.
What kind of service is this from angel broking?

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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

35 Comments

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