Angel Broking- The only value for money-oriented stockbroker
Angel Broking, founded in the year 1987, is one of the largest full-service brokers in India headquartered in Mumbai.
The stock brokerage firm offers unparalleled services in the field of investment and trading including stock and commodity broking, investment advisory services, margin funding, loans against shares, and financial product distribution.
Angel Broking review and its trading platform review
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It was incorporated with the sole vision to offer the best value for money to clients by offering them innovative products, interactive-advanced technology, personalised investment-services, and various investment strategies.
Angel Broking provides various trading options being a registered trading member of both the stock exchanges; BSE & NSE and commodity exchanges, NCDEX and MCX.
OPEN FREE DEMAT ACCOUNT
Angel Broking also provides an extensive range of products & services to its consumers including currency trading, IPO, Mutual Funds, ETF, equity trading, derivatives trading, commodity trading, and life insurance.
Angel Broking has carved a separate niche for itself with a consistent focus on breakthrough innovations offering world-class trading platforms to its consumers including Angel Broking Trade, Angel Broking App, and Angel SpeedPro, which are available free of cost to all users.
Angel Broking Company full history and its journey
The company has also come with a revolutionary investment engine called ARQ that acts as a predictive and intelligent wealth management engine.
This advisory tool uses mathematical algorithms, Quant and Model Portfolio Theory to suggest you the personalised equity & mutual fund investment suggestions as per individual’s risk profile and financial goal.
ARQ is further useful to clients as they can check portfolio health which in turn lets them customise their portfolio by buying the best- performing stock and selling the poor-performing stocks with the sole motive of getting stupendous profit.
The full-time stockbroker also has a nationwide offline presence with 110 branches and many sub-brokers across 1800 different cities from where it handles offline services such as offline account opening, account closure, offline trading, and others.
Advantage and Disadvantage of Angel Broking
• Flat brokerage offered for trading across all segments i.e. equity intraday, derivatives, commodity, and currency.
• Free access to the best technologically enriched trading platforms.
• 30+ years of industry-leading experience in the brokerage business.
• Availability of portfolio management services which help create a customised investment portfolio.
• Access to fundamental and technical research reports on stocks, IPO, and market outlook.
• Nationwide presence across 100 cities
• Customer service is a little time-consuming.
• Funds transfer from the trading platform to your bank account is a hectic process.
• Angel Broking doesnt offer a 3-in-1 trading account.
• Broker assisted trades are charged ₹20 per executed order over the top
Angel Broking Trading Account and Account Opening Procedure
Angel Broking allows the Indian Residents as well as NRIs to open a 2-in-1 account comprising demat as well as a trading account. The traders can open their accounts by both online and offline mediums. OPEN AC ONLINE
Angel Broking offers different types of accounts namely-
Angel Broking NRI Account- Angel Broking allows NRIs to open 2-in-1 accounts and permits them online trading in equity, futures & options, and IPO. NRIs interested in having an account with Angel Broking need to have a Demat account, trading account, NRE or NRO bank account, and PIS certificate.
The stock brokerage firm doesn’t allow NRIs to trade in commodities and currency, also in equity, only delivery-based trading is available for them with no intraday trade allowed.
Angel Broking Mutual Fund Account- Angel Broking offers a free mutual fund account on the registered application without any account opening charges.
However, the broker only offers regular schemes and not direct investments. Trading mutual funds with Angel Broking is only permissible for Indian citizens.
Angel Broking Demat Account- Angel Broking is a recognized DP with CDSL, facilitating
clients to open a free Demat account online. Opening an online Demat account with Angel Broking is quite a simple and easy process that just requires submission of identity and address proof.
Angel Broking Trading Account Demat Account holders eventually have to open a Trading Account to trade-in various financial products i.e. derivatives, commodity, equities, currency, & other trading avenues.
Angel Broking Trading Account comes with an added advantage which facilitates customers to place buy and sell trading orders as frequently as they want and that on the same trading session.
The trading account is linked to demat as well as a bank account for smoothening the submission and withdrawal processes.
You can open the above mentioned accounts with Angel Broking by visiting their registered website and submitting the necessary documents with the stockbroker. You can also request a call back wherein a customer care executive gets in touch with you and guides you through the process.
Angel Broking Trading platforms Review
Like many prominent stockbroking companies, Angel Broking also offers three trading platforms namely a web trading software, an installable trading terminal, and a mobile trading application. These trading platforms are available free of cost to all customers for trading.
1. Angel Broking App
Angel Broking’s mobile app is one of the most popular trading platforms among consumers due to the level of convenience and freedom involved in it that lets one trade anytime anywhere.
Angel Broking mobile app provides an unmatchable trading experience to users with interactive widgets. The mobile app comes with some best in class features including alerts & notifications, live market data, comprehensive portfolio, and many others.
The mobile app is available to both Android as well as iOS users and can download from their
respective app stores.
Some distinct features of the angle broking app are-
• Online Permissible Payment through 40+ Banks
• User-friendly 40 technical stock chart indicators, which cover and analyse each and every aspect of the stocks.
• Unique and Personalized trade advice and Notifications.
• Live streaming of prices.
• Hosts intraday charts that have various guiding Indicators.
2. Angel Broking Trade
The stock broker’s web trading platform meets all the investment-related requirements of users. The web platform offers a single platform for trade & investment across currencies, bonds, mutual funds, equity, derivatives, commodities, and initial public offerings. The integrated web platform also lets clients manage their personal and family accounts with a single login.
Some unique features of the trading platform are-
• The platform is easy to use & has intuitive navigation clubbed with custom authentication that offers added security.
• The platform hosts multiple exchanges for trading. The high-speed trading platform also has streaming quotes to ease trading.
• The trading platform lets you access the latest market data, stock related news as well as specialised insights of Angel research.
1. Angel Speed Pro
Angel Broking’s SpeedPro is one of the best online share trading platforms. The desktop-based trading software or trading terminal can be used by easily installing it in your devices from the official website of the broker.
The unique features of the software are-
• The trading platform offers 30 days intraday and 20 years of historical data with 70 +studies for advanced technical analysis of various commodities.
• The unique features like scrip-wise buy price, day’s gain/loss, and overall profit/loss help you to view your holding portfolio at a glance.
• It also has real-time rate updates.
• Integrated news flash and research reports also ease trading for consumers.
2. Angel Bee
Angel Bee is a one-stop solution for all your mutual fund investment-related queries. The app facilitates clients to invest, redeem and end their mutual fund investment, track mutual fund portfolio, allow goal-based investing, assists you in calculating SIP amount to achieve target corpus, and many other features that help resolve mutual fund related queries.
Angel Broking Transaction Charges
Angel Broking offers a flat trade brokerage charge called ‘Angel iTrade’. In this plan, the investor or trader pays fixed brokerage charges and can avail of all benefits including research, customer support, and online assistance.
There is no percentage-based commission levied by the broker on trades, instead, the trader has certain slabs where brokerage is levied depending upon the type of trade-
• For delivery-based trades in the Equity segment, the brokerage charged is ₹0.
• For the rest of the segments including derivatives, intraday, commodity, and currency trades, the brokerage charged by Angel Broking is ₹20.
Apart from brokerages, the trader is liable to pay a few taxes and transaction charges
| Equity Delivery Trading FREE | Demat AMC Charges Free or Rs.300 |
| Equity Intraday Trading Rs.20 per order | Trading AMC Charges Free |
| Commodity Options Trading Rs.20 per order | Transaction Charges 0.00325% of Total Turnover |
| Equity Futures Trading Rs.20 per order | STT 0.0126% of Total Turnover |
| Equity Options Trading Rs.20 per order | Minimum Brokerage Rs.20 per order |
| Currency Futures Trading Rs.20 per order | Currency Options Trading Rs.20 per order |
Angel Trading Brokerage Charges
| SEBI Turnover Charges 0.0002% of Total Turnover | STT 0.0126% of Total Turnover |
| GST 18% of (Brokerage + Transaction | Transaction Charges 0.00325% of Total Turnover |
Lastly we can conclude the over all Review of angle broking
Verdict of angle broking
Angel Broking has presence across all devices, has different brokerages according to types of services availed, and has the revolutionary Angel Broking ARQ which assists you in trading. Angel Broking should be your go-to broker for easy and profitable trading.
