Angel Broking Stock Trading, Demat, Brokerage and Reviews 2021

26.49% 1,979,094 Clients

Incorporated in 1987, Angel Broking is one of the largest full-service retail brokers in India offering online discount brokerage services. 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..

In Nov 2019, Angel Broking revamped its brokerage plans to compete with the discount stock brokers like Zerodha. Angel Broking now offers flat rate brokerage plan 'Angel iTrade PRIME'. This plan offers to trade in all segments (Intraday, F&O, Currencies & Commodities) at fixed Rs 20 per trade except Equity Delivery, for Equity Delivery there are no charges, it is provided for free to all users. The same simple rate is applicable across exchanges and segments.

Angel Broking is famous for its excellent trading software's and investment advisory. Angel is the first large-size full-service broker offering discount brokerage rates to its customer.

Angel ARQ

Angel ARQ is the company's flagship investment advisory tool. It is a rule-based investment engine (robot) suggesting investment idea to the customers. ARQ offers recommendations for Equity Stocks and Mutual Funds. It uses advanced technologies like Expert Insights, Machine Learning, Cognitive Algorithms and Teraflops of processing power.

ARQ is integrated into the trading software offered by Angel. It works as a personal fund manager for the investors. ARQ is just an advisory tool. It doesn't have any fees or minimum investment commitments. It is up to the customer to follow ARQ advice.

Angel Broking Special Offers

Discount Brokerage Plan (Flat Rate Pricing)

Get a full-service trading account with discount broker pricing. Pay Rs 0 brokerage for equity delivery and flat Rs 20 brokerage for Intraday and F&O trades. Get high-quality research reports and personalized services for free. Open Instant Account and start trading in just a few minutes.

Angel Broking Charges 2021

Angel broking offers one simple trading plan 'Angel iTrade' plan. This online trading plan offers full-service brokerage services with very low brokerage charges which are in line with discount stock brokers in India.

Angel iTrade PRIME (Flat Fee Trading) Plan

Angel iTrade offers premium brokerage services with simplified flat fee pricing. Except for additional Rs 20 call & trade charges, this plan has no hidden charges. This trading plan offers brokerage and tax saving of 60% to 90% in comparisons to other full-service brokers like Sharekhan, Geojit and ICICI Direct.

Angel Broking Charges



Equity Delivery

Flat Rs 0 (Free)

Equity Intraday

Flat Rs 20 or 0.25% (whichever is lower)

Equity F&O

Flat Rs 20 or 0.25% (whichever is lower)

Currency F&O

Flat Rs 20 or 0.25% (whichever is lower)

Commodity F&O

Flat Rs 20 or 0.25% (whichever is lower)


  • No minimum margin required for this plan.
  • Trading software's are free to all customers.
  • Research and advisory are free for all customers.
  • It's an online trading plan. Call & Trade is charged at additional Rs 20 per trade.

Visit Angel Broking Brokerage Charges Review for more detail.

Special Offer: Brokerage free equity delivery trades, free tips and flat Rs 20 intraday and F&O trade brokerage. Open Instant Account and start trading today.

Angel Broking Online Account Opening

To invest/trade in the stock market with Angel Broking, click here to Open Instant Account online and start investing in just a few minutes.

Angel Broking Trading Software (Angel Broking Trading Platforms)

Angel Broking offers broking services through various web, mobile and installable exe platforms. All these trading platforms are available for free to all the customers.

  1. Angel Broking App (Mobile Trading App)

    It's Android and iOS based mobile application that allows to access markets and trade using smart phone. Trading can be done on Equity and Commodity Markets using this platform.

  2. Angel Broking Trade (Website)

    It is a browser based trading platform. The rates are updated automatically. This platform is useful for investors & traders to access market from different terminals.

  3. Angel SpeedPro (Trading Terminal)

    An application trading platform that provides automatic updates; makes the market accessible to investors from different terminals along with other features.


Visit Angel Broking Trading Software Review for more detail.

Angel Broking Pros and Cons

Angel Broking Pros (Advantages)

The following are the advantages of Angel Broking. You must read Angel Broking advantages and disadvantages before opening an account with Angel Broking. Angel Broking pros and cons help you find if it suits your investment needs.

  1. Full-service brokerage services are available at ultra-low brokerage fees.
  2. Flat fee stockbroker charging Rs 20 per order across segments and exchanges.
  3. Free research and advisory. Comprehensive daily, weekly and specialized research reports from Expert.
  4. Free trading software (website, mobile, and trading terminal).
  5. Verity of investment options like Equity trading, F&O, Commodities, PMS, Mutual Funds, Insurances.
  6. Presence in 100's of cities across India.
  7. 30+ years of industry-leading experience in the brokerage business.
  8. Training and hand holding is available for beginners.
  9. Margin trading facility.
  10. Securities as collateral.
  11. No charges for any fund transfer.

Angel Broking Cons (Disadvantages)

The following are the cons of Angel Broking. Check the list of Angel Broking drawbacks.

  1. Angel Broking doesn't offer 3-in-1 account.
  2. Broker assisted trades (Call & Trade) are charged extra Rs 20 per executed order.

Open Instant Account with Angel Broking

Angel Broking Margin Exposure

Angel Broking margin for intraday trading is up to 6x based on the stock. Angel Broking F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Angel Broking F&O carry forward positions and equity delivery trades.

Equity Delivery1x (no margin)
Equity IntradayUp to 6x (based on the stock)
Equity Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity FuturesIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

Note: As per the new margin policy by SEBI, the margin for trading will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 20x in any segment at BSE, NSE, and MCX. All full-service and discount brokers will provide the same margin exposure to customers.

Angel Broking Ratings

Overall Rating Rated 2.7 stars 2.7/5
Fees Rated 3.0 stars 3.0/5
Brokerage Rated 3.0 stars 3.0/5
Usability Rated 3.1 stars 3.1/5
Customer Service Rated 2.6 stars 2.6/5
Research Capabilities Rated 2.6 stars 2.6/5

Based on 239 Votes by Angel Broking Customers

Do you trade with Angel Broking? Rate Angel Broking

Angel Broking Complaint

The number of Angel Broking customer complaint received by the exchanges. The Angel Broking consumer complaint report helps understanding the Angel Broking Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2021-22 1,979,094 442 0.02%
NSE 2020-21 1,564,667 1501 0.1%
BSE 2020-21 193,313 26 0.01%
NSE 2019-20 576,414 400 0.07%
BSE 2019-20 192,599 54 0.03%
NSE 2018-19 414,831 226 0.05%
NSE 2017-18 363,663 356 0.1%
BSE 2017-18 226,661 97 0.04%
NSE 2016-17 230,194 328 0.14%
BSE 2016-17 126,507 38 0.03%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Angel Broking Complaints at BSE, NSE and MCX for detail report.

Frequently Asked Questions

  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


    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.



  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.


    • 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.



  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.



  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.



  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.



  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.



  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.


    Angel Broking Mutual Fund Investment App


    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.


    • 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.



  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.




661. Satyqm  Jul 31, 2021 15:15 I Like It. | Report Abuse Reply
I have been using this app for the past two months. Many times it gets struck. Executes the Limit orders at market order and the customer care support is really Messy. They keep us awaited for 15 to.20 min, then they disconnect the call. Very disappointing experience


Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Kiran Patil
660. Kiran Patil  Jul 29, 2021 21:49 I Like It. | Report Abuse Reply
Worst customer service


Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
659. Subramanya  Jul 29, 2021 21:07 I Like It. | Report Abuse Reply
Lost 5000 today instead of profit since the oirtal bever accepted sell. When sell button was pressed it displayed insufficient balance this is second time tjis has happened where i have lost 17k due yo your software problem i want to close account with you and dont recommend to others. You may be good only in giving
your reviews in TV n newspapers
658. Jyoti  Jul 29, 2021 10:50 I Like It. | Report Abuse Reply
I did not like the service of Angel Broking at all. They just make us fool. They freeze your amount and doesn't release it on time. I am just following with them since last one months but still no proper response . I have mailed them and called them also but they don't give exact status that where the money is. Don't open your account with angel broking. They dont support when you need them and disconnects the communication.


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Rajesh Ranjan
657. Rajesh Ranjan  Jul 28, 2021 12:54 I Like It. | Report Abuse Reply
Very bad coustomer service no one attand the xall


Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Deepesh relwani
656. Deepesh relwani  Jul 27, 2021 22:24 I Like It. | Report Abuse Reply
I tried to buy ipo the mandate link comes delay and I accepted it and the amount is deducted and the booking request is showing rejected as timed out. How to settle the deducted amount
655. Neha  Jul 27, 2021 16:50 I Like It. | Report Abuse Reply
You have the worst customer service ever or even any company can have. They don't answer calls for days, won't reply to your emails and when you finally after weeks one person picks up a call, they hang up immediately when you ask the first question. I wanted to know how to trade but I should now move to another trading app as this has the worst every customer service experience
Manan Singh
654. Manan Singh  Jul 27, 2021 13:10 I Like It. | Report Abuse Reply
I am Investor And have A/c with angel broking from last 1 and half years service was good but the last 15 days no one give proper reply and i was complaining about Security payout And I am calling before 3 hours but no one reply our call and Email . I'm Added money but money not showing My account please improve your Services and contact Me ASAP.
Madan mohan
653. Madan mohan  Jul 27, 2021 10:18 I Like It. | Report Abuse Reply
Worst app, will not recommend anyone to trade with angel broking, worst customer support, app not working sometimes, Unable to fill IPO with this hell app.
652. Khan  Jul 24, 2021 20:27 I Like It. | Report Abuse Reply
After sale stock they never transferred of Payout, every time they lie, some time they said fund transferred but fund return some time they said your bank IFSC code not correct, atleast 3-4: time when placed payout request then they transfer money, they don't want to give money actually they want to you continue buy & sale but ask payout, I big mistake have open an account in angel, now my 55000 Rs in clear position but from 1 week not transferred money, and his customers care Agent cut the phone


Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Santosh Choudhary
651. Santosh Choudhary  Jul 23, 2021 16:39 I Like It. | Report Abuse Reply
Had a very bad experience with Angel broking.
They have charged me Rs.100 per lot in index options.
650. kailas  Jul 22, 2021 05:52 I Like It. | Report Abuse Reply
very good app & very user friendly


Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Kamlesh Arya
649. Kamlesh Arya  Jul 19, 2021 08:34 I Like It. | Report Abuse Reply
Angel Broking is fraud. They will cheat you in your money very smartly. Their app have more often technical issues and if you loose money due to technical issue, Angel Broking won’t take responsibility and will not refund your money. Moreover they will not answer your query and later will lie to you. They are complete fraud company. Never trust them. They stole my money (1.36 lacs) deliberately by creating technical issue and later on not accepting it. Furthermore Their one of officials called me from Angel Broking’s no. to close the position and when I told about my losses while closing the position, Angel Broking refused any call from them. To my shock, they refused that they have any call recordings. So please be aware of this kind of frauds from Angel Broking. I don’t want anyone to be victim like me. Thanks.


Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
648. VINAY  Jul 17, 2021 17:09 I Like It. | Report Abuse Reply
Thanx to research team your commodity advice are excellent they reach target.this is help to me.once again thanx.
Santanu roy
647. Santanu roy  Jul 11, 2021 10:53 I Like It. | Report Abuse Reply
Want to open an demat account,,
& already given pan aadhar, bank details to customer services of you...but my aadhar not linked with my mobile number...
My details given to arpita1.2Dey@angelbroking .com who works at kolkata kankariya estate west bengal branch.
What should I do??
646. Rushikesh  Jul 8, 2021 22:28 I Like It. | Report Abuse Reply
Super appreciate


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
645. sadiq  Jul 6, 2021 13:21 I Like It. | Report Abuse Reply
Angel broking
customer care service is very poor, not responding phone or e-mails reply, after long time once customer care executive pick the call simply said issue will be resolve shortly, but issue remain same.
644. rashmikant  Jul 2, 2021 09:52 I Like It. | Report Abuse Reply
App ( Desktop ) is Very Poor don't trade
Shrikant Mantati
643. Shrikant Mantati  Jul 2, 2021 01:14 I Like It. | Report Abuse Reply
I have angle broking account. I applied shyam ipo but not allot ipo me and still my amount block. Please help me. How to unblock and get my money to my account
642. Ashish  Jun 30, 2021 22:47 I Like It. | Report Abuse Reply
Angel Broking totally chor company, don’t loose your money. You will regret later.
Trust me they have no process of MTF , without information or very short notice they ask for nahin money and square off your position without your consent.

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