Angel One, incorporated in 1987, is one of the prominent full-service brokers in India. With over 25+ years of experience in the broking industry, Angel Broking now has a customer base of more than 1 crore. In Nov 2019, to compete in the broking industry, Angel One started offering flat discount brokerage rates for its clients, which was an outstanding move. Let’s have a look at the Angel Broking (Angel One) review created by Experts.
They also offer investment advisory services such as recommending which stocks to trade, and where to invest, which is why they have such a large client base in more than 1800 cities. They have millions of clients in Tier 2 as well as Tier 3 cities in India. The company is a member of the BSE, NSE, NCDEX, and also MCX, and is a Depository Participant with CDSL.
For a complete understanding, continue reading this Angel One review.
Products and Services offered
Here is the list of trading services by Angel One:
- Stocks
- IPO
- Futures & Options
- Mutual Funds
- ETFs
- US Stocks
- Currencies
- Commodities
- NCD
- Corporate Bonds
- 54EC bonds
- Tax-free bonds
- Sovereign Gold Bond
- Tax Saving Bonds
Customer Ratings of Angel One
Here’s a quick rundown of how Angel One Review & Ratings work.
| Criteria | Ratings |
|---|---|
| Research & Advisory | 8.70/10 |
| Brokerage Charges & Fees | 9.60/10 |
| Products & Services | 8.90/10 |
| Trading Platform | 8.70/10 |
| Broking Experience | 9.10/10 |
| Overall Rating | 8.90/10 |
| Customer Rating (in stars) | 5/5 |
Key Strengths of Angel Broking
- The broker provides access to the leading in-house online trading platforms via desktop, mobile, and website.
- They offer personalised services to their as per their investment needs and requirements.
- They offer a solid robo-advisory platform, known as Angel One ARQ.
- According to the number of active clients on the NSE platform, Angel One is currently the third-largest retail brokerage business in India.
- They provide you with educational blogs, videos, webinars, and much more to educate you on stock markets and investment.
- They also offer Angel One Smart Money, where they offer comprehensive modules and courses for beginners, traders and investors on financial markets.
- One can earn up to 6 figures a month by being a partner with Angle One. They have over 20k registered authorized persons.
Angel One Account Opening Process
Offline Account Opening Process
Due to the large network of offices and branches, you can easily find the Angel One office at your nearby place. You can just visit them and they will schedule a personal visit for you to open an account. They will guide you through the entire process and open your account within days after the document verification.
Online Account Opening Process
- Visit https://www.angelone.in/ and click on Open Demat account.
- You need to fill in all the details in the sign-up form.
- Now, you will receive an OTP on your registered mobile number.
- An online account opening link will now be sent to you.
- Next, you just need to provide your PAN Number and date of birth, along with your bank details.
- Complete all the KYC details and then you will receive your demat account details in your registered email address.
Documents Required
It is advised that you keep scanned copies of the following documents:
- Aadhar Card
- PAN Card
- Bank proof (canceled cheque/Passbook/Bank account statement)
- Mobile or laptop webcam
- Passport-sized photo
Angel One Trading Platforms/Apps
| S. No. | Platforms/Apps | Platform Type |
|---|---|---|
| 1. | Angel One Super App | App-based |
| 2. | Angel One Trade | Web-Trading Platform |
| 3. | Angel SpeedPro | Desktop Trading Software |
| 4. | Angel Bee | App-based |
| 5. | Angel One Smart API | API |
| 6. | Angel One ARQ | Robo-advisory Platform |
Angel One Super App
The app offers a special advising tool that provides investors with tailored guidance and investment suggestions. This trading app is useful for novice as well as experienced traders and investors to trade easily online. In this app, you get live market data, instant news and notifications, advanced trading tools, multi-asset trading, quick online transfers, free stock recommendations, and much more. You can find this app on both iOS and Android devices.
App Store rating: 4.0/5
Google Playstore rating: 4.3/5
Angel One Trade
It is a web-based trading platform which allows online trading between various segments. It is an updated version of Angel Eye, which was used earlier. Some of the top features of this platform are that you can create multiple watchlists, receive alerts and notifications, live market quotes, access in-depth research reports and news, a simple user interface and various chart options.
Angel SpeedPro
It is a desktop-trading platform, which includes all the features of trading requirements. You can easily install the software from the Angel One website and start trading. Some of the top features are real-time market updates, technical charting options, research reports, transactions in mutual funds, and monitoring all your investments in a single screen.
Angel Bee
This platform is designed for investments in mutual funds where you can invest through lumpsum and SIP. This app has also been awarded as “Best Mobile App for Mutual Fund Investment” by India BSE in 2018. You get an option for a mutual fund to invest in top AMCs like Kotak, ICICI, Axis, HDFC, SBI and others. Also, all the mutual funds are commission-free with an easy investment and redemption process.
App Store rating: 3.3/5
Google Playstore rating: 4.3/5
Angel One Smart API
You can build your own trading platform and execute real-time trades. You can sign-up free of charge and have simple integration with programming languages such as Python, Java, Go, etc. They have more than 1 lakh registered users and almost 65 lakhs trades are done. They have also been awarded and recognized for Best API for trading.
Angel One ARQ
It is the company’s fundamental investment advisory tool, which provides stock and mutual fund recommendations to its customers. It is an automated tool with advanced features like personalized advisory as per the customer’s risk profile and other choices, providing index-beating returns, no requirement of any minimum amount, checking portfolio health and the best part is it is completely free and there are no subscription charges.
Angel One Review on Brokerage Charges and Plans
| Segments | Brokerage Charges |
|---|---|
| Equity Delivery | Zero |
| Equity Intraday | Rs. 20 per executed order or0.25% (Whichever Is Lower) |
| Equity Futures & Options | Rs. 20 per executed order or0.25% (Whichever Is Lower) |
| Currency Futures & Options | Rs. 20 per executed order or0.25% (Whichever Is Lower) |
| Commodities Futures & Options | Rs. 20 per executed order or0.25% (Whichever Is Lower) |
| Call & Trade | Rs. 20 per order |
Account Opening Charges
- Demat Account Opening Charges: Rs. 0
- Trading Account Opening Charges: Rs. 0
- Demat Account Annual Maintenance (AMC): Rs 240 (Waived for 1st year)
- Trading Annual Maintenance Charges: Rs. 0
In addition to the brokerage fee, the following costs are also levied:
- Turnover/Transaction Charges
- Security Transaction Tax (STT)
- SEBI Fees
- Stamp Duty
- GST
Advantages and Disadvantages of Angel One
Advantages
- It is one of the most trusted brands in India with advanced trading platforms.
- They use innovative technology to enable investors to trade and invest.
- There is an Angel One community, where you discuss markets and trends through threads.
- They provide free stock and mutual fund research tips.
- There are no charges for equity delivery trading for a lifetime.
- They have partnered products as well like Sensibull for options trading, Smallcase for investing in baskets of stocks, Streak for backtesting and algo trading, and the last one is Vested for investing in US stocks and ETFs.
- There are zero charges for account opening with Angel One.
- The amount of funds that can be transferred using Net Banking is unlimited.
- They also offer free trade calls, instant SMS notifications, and margin against share.
Disadvantages
- They do not offer a 3-in-1 account for trading.
- Brokerage calculators are not available.
Angel One Margin Exposure
Here are the margins provided for different segments:
| Segment | Margins |
|---|---|
| Intraday | Upto 10x |
| Equity Delivery | Upto 2x |
| Equity Futures | Upto 4x |
| Equity Options | Upto 3x |
| Currency Futures | Upto 3x |
| Currency Options | Upto 5x |
| Commodity Futures | Upto 3x |
| Commodity Options | Upto 2x |
Angel One Review: Final Thoughts
So, in this article, we tried to cover the Angel One review with all details of brokerage charges, trading platforms, margin exposure and much more. If you are a newbie, Angel One is the place to go. It is a good choice for investors as well as traders because of free research reports by experts, personalized stock recommendations powered by ARQ technology and low brokerage rates.