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95.59% 3,060,398 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 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.
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 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 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.
Segment | Brokerage |
|---|---|
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) |
Note:
Visit Angel Broking Brokerage Charges Review for more detail.
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 offers broking services through various web, mobile and installable exe platforms. All these trading platforms are available for free to all the customers.
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.
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.
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.
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.
The following are the cons of Angel Broking. Check the list of Angel Broking drawbacks.
Angel Broking margin for intraday trading is up to 20% of trade value (max 5x leverage) 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.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
| Overall Rating |  2.7/5 |
| Fees |  3.0/5 |
| Brokerage | 3.0/5 |
| Usability |  3.1/5 |
| Customer Service |  2.6/5 |
| Research Capabilities | 2.6/5 |
Based on 253 Votes by Angel Broking Customers
Do you trade with Angel Broking? Rate Angel Broking
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 | 3,060,398 | 1059 | 0.03% |
| BSE | 2021-22 | 909,986 | 72 | 0.01% |
| 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% |
* 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.
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.
| 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:
Read Brokerage Charges Explained (Brokerage, Taxes, Fees) for more details.
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
Note:
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.
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:
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.
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
Key points to note:
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?
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
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.
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
Note:
Angel Broking offers online IPO applications to its customers. Angel customers can apply in IPOs in two ways using:
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)
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
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.
Angel One offers free Equity Delivery trading for a lifetime with no hidden charges. The company also offers free account opening with zero Demat AMC (Annual Maintenance Charges) for the first year.
Apart from the above, Angel One has a charge for all the below:
Angel One (Angel Broking) is one of the established full-service brokers in India that provides trading, investment, consulting, portfolio management, and research services to its clients, making it a suitable stockbroker for beginners in India.
For a beginner in the Indian stock market, assistance is the key. Angel Broking provides its investors with extensive, detailed fundamental, technical research reports, company information, hand-holding in case of any queries, and a vast knowledge repository that help beginners learn the basics of the stock market and make sensible and profitable trading and investment decisions.
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Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent