Angel Broking Stock Trading, Demat, Brokerage and Reviews 2021

Angel Broking Charges

1. 1. What is Angel Broking brokerage charges?

   Angel Broking brokerage charges is Rs 0 (free) for equity delivery trading and flat Rs 20 per executed order for all other segments under its iTradePrime plan. Angel Broking charges flat rate brokerage per executed order. The flat fee is irrespective of the trade value or number of lots in an order.

   Angel Broking also offers a Tradition Plan where the customer is charged in percentage. This plan offers in-person assistance through a local office and relationship manager.

   Angel Broking Brokerage Charges

   Segment	Brokerage
   Equity Delivery	Rs 0 (Free)
   Equity Intraday	Flat Rs 20 per trade
   Equity F&O	Flat Rs 20 per trade
   Currency F&O	Flat Rs 20 per trade
   Commodity F&O	Flat Rs 20 per trade

   Note:

   In addition to the brokerage charges, the company also charges:

   • A one-time account opening fee.
   • A Demat AMC fee (free for the first year).
   • Government taxes and other charges.

   Read Brokerage Charges Explained (Brokerage, Taxes, Fees) for more details.

    

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2. 2. How to close Angel Broking trading account?

   Angel Broking trading account is closed by submitting a signed account closure form to the Angel Broking office or by sending them to the address given in the form.

   Note that you cannot close the Angel Broking account online through email or by contacting customer support on phone. The Angel Broking account closure process is completely offline wherein you have to print, sign and send the paper form.

   Steps to close Angel Broking Trading Account

   1. Download the account closure Form PDF
   2. Take a printout of the form, fill & sign it.
   3. In the case of a joint account, all account holders must sign it.
   4. Submit or Courier the form to your respective Angel Broking office.

   Note:

   • Close all your open positions before initiating the account closure.
   • Clear all your pending dues including Demat AMC.
   • Sell or transfer all the securities held in the demat account.
   • Withdraw money held in your trading account.

   Make sure to follow up with Angel Broking in case you don't receive any communication from the company on your account closure request in one week.

    

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3. 3. What is Angel Broking ARQ Score?

   Angel Broking ARQ score is an investment advisory tool to measure the credibility and trustworthiness of stock for long-term investment. It is a rule-based investment engine (robot) that provides investment ideas and recommendations for Equity Stocks and Mutual Funds.

   The platform uses Artificial Intelligence, Machine Learning, and Industry Insights to analyze a stock or a fund. It helps customers pick good stocks without doing complex research on the fundamentals of a company.

   The ARQ score is arrived at by analyzing multiple factors like:

   • Fundamental Strength
   • Corporate Governance
   • Market Cap
   • Return Ratios
   • Total asset base
   • Valuation

   Angel broking ARQ robot scores every stock and Mutual fund on the scale of 0 to 100. The lower ARQ score meaning the stock is weaker. The higher ARQ score represents a stronger fundamental of the stock.

    

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4. 4. Why Angel Broking?

   Angel Broking is a leading full-service broker in India who also offers online discount brokerage services to its customer. They are among the most trusted brand in the broking industry for over 20 years. They offer one of the best online trading tools.

   Reasons to Open Angel Broking Account

   • A full-service stockbroker that offers research & advisory services.
   • Offers discount brokerage plan for online customers.
   • Brokerage free equity delivery trade to online customers.
   • Charges flat Rs 20 per trade brokerage across all other segments.
   • Facility to invest in mutual funds, IPOs, NCDs & Bonds.
   • Free access to ARQ, an AI-driven recommendation platform.
   • Good mobile, web and desktop trading software.
   • Offers offline services through branches & sub-brokers.
   • Instant account opening is available.

   Key points to note:

   • The online trading plan (iTradePrime) is for customers who can trade by themselves with almost no help from the broker. Do not expect in-person services if you are opting for this plan.
   • For in-person services through a dedicated relationship manager (RM), you should choose the traditional brokerage plan. The brokerage under this plan is very high.

    

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5. 5. Is Angel Broking safe?

   Yes, Angel Broking is a safe stock broker for trading and investment. Angel Broking is one of the largest stock brokers. They are in the business since 1987. They are a member of BSE, NSE and MCX. They are regulated by SEBI regulations.

   Why Angel Broking is Safe?

   • Angel broking is a publicly-traded company listed at BSE and NSE.
   • Over 3 decades of doing business in India.
   • Physical presence in over 1800 cities across India.
   • A strong network of over 110 branches & 11,000 sub-brokers.
   • The good reputation of its management.
   • Clean business practices with no major regulatory violations.

    

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6. 6. How to use Angel Broking?

   Once an account is opened with Angel Broking, the customer is ready to trade or invest in stock, currency and commodities. He can choose any of the trading software to trade in the segment.

   Angel Broking Trading software

   • Angel Broking App (Mobile Trading App)
   • Angel SpeedPro (Installable Desktop Software)
   • Angel Broking Trade (Web-based Trading Platform)
   • Angel Bee (Online Platform For Direct Mutual Funds)

   The easiest way to use Angel Broking is by installing the Angel Broking App on the phone. The mobile app gives all the tools needed for trading and investment in stocks, currency, commodity, ETF and IPO. It also provides research and recommendations to help customers trade.

    

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7. 7. How to invest in mutual funds Angel Broking?

   Angel Broking has an Online Mutual Funds investment app called 'Angel Bee'. The app can be downloaded from Android or Apple app stores.

   There are zero fees or charges for investing in mutual funds through Angel Bee. Typically, in regular funds, you're charged 1 to 2% as commissions.

    

   

    

   Steps to Invest in Mutual Funds in Angel Broking

   1. Download the 'Angel Bee' app on a smart phone.
   2. Setup Angel Broking account.
   3. Transfer funds into your account.
   4. Choose a fund of your choice from the list available.
   5. Invest in lumpsum or SIP as per your preference.
   6. Go to the Order Book section to check the status of your order.

   Note:

   • You can pay through Net Banking, Debit Card and UPI.
   • Angel Bee App also has an automated Mutual Fund recommendation feature powered through Angel Broking's proprietary ARQ software. You can check the recommendations to find a good mutual fund for investments.
   • Investments done before 2 pm are processed the same day, and those done after 2 pm are processed on the next working day.

    

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8. 8. How to buy IPO in Angel Broking?

   Angel Broking offers online IPO applications to its customers. Angel customers can apply in IPOs in two ways using:

   1. Angel Broking IPO application (UPI as Payment Mode)
   2. Net-banking service of the bank where the customer has an account (ASBA)

   1. Angel Broking IPO application (UPI as Payment Mode)

      For applying in an IPO through Angel Broking, a UPI ID is required. A UPI id is a unique ID representing your bank account. You can create the UPI ID from the net-banking mobile app of your bank or using the BHIM app for free.

      Steps for Angel Broking IPO Application (UPI-based)

      1. Log in to Angel Broking apps (mobile or website).
      2. Click on 'More' on the top menu.
      3. Click on 'IPO' from the dropdown.
      4. Choose an IPO and click the 'Apply' button.
      5. Enter UPI ID, investor type, order quantity and price.
      6. Choose the Cutoff-price checkbox if applying in the retail category.
      7. Click 'Apply' to place the IPO order.
      8. A UPI mandate is sent to your UPI App within 2 hours.
      9. Accept the UPI mandate in your UPI App (net-banking or BHIM)
      10. Check the status of your order in the Angel Broking IPO App.
   2. Net-banking IPO Application (ASBA)

      An investor can also apply for an IPO using the online IPO facility offered by your bank using net banking. This facility is offered by all major banks including ICICI, HDFC, SBI, Kotak, etc.

      Steps to apply in IPO using ASBA Net Banking

      1. Log in to the website/mobile app of your bank.
      2. Go to the IPO section.
      3. Choose an IPO from the list and apply.
      4. Enter your Angel Broking demat account number or any other demat account where you want the IPO shares to be credited
      5. Choose Investor Type, enter order quantity and price
      6. Choose the Cutoff-price checkbox if you're applying in the retail category
      7. Review and confirm the IPO order

   Note: The allocated IPO shares are delivered to Angel Broking demat account or any other account mentioned while in the application. You can check IPO allotment status here.

    

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