Angel One Review 2024 | Brokerage Charges, Margin, Demat Account (2024)

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Angel One Special Offer

Angel One Charges

Angel One Account Opening Enquiry

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 One Margin Exposure

Angel One margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Angel One 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 One F&O carry forward positions and equity delivery trades.

Angel One Ratings

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

Based on 274 Votes by Angel One Customers

Angel One Complaint

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

* The number of active customers reported by the broker.

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

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

1. 1. What is Angel One brokerage charges?

   Angel One 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 One charges flat rate brokerage per executed order. The flat fee is irrespective of the trade value or number of lots in an order.

   Angel One 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 One 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 One trading account?

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

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

   Steps to close Angel One 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 One office.

   Note:

   See Also

   What to do when the stock market crashesHow to know the Right Time to Buy, Sell, or Hold Stocks? - Finance Monthly | Personal Finance. Money. InvestingDon't Sit On Losses: How This Simple Rule Spared Investors From Meta's 77% CrashWhat Is the Ideal Number of Stocks to Have in a Portfolio?

   • 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 One 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 One ARQ Score?

   Angel One 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 One?

   Angel One 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 One 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 One safe?

   Yes, Angel One is a safe stock broker for trading and investment. Angel One 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 One 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 One?

   Once an account is opened with Angel One, 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 One Trading software

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

   The easiest way to use Angel One is by installing the Angel One 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 One?

   Angel One 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 One

   1. Download the 'Angel Bee' app on a smart phone.
   2. Setup Angel One 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 One'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 One?

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

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

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

      For applying in an IPO through Angel One, 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 One IPO Application (UPI-based)

      1. Log in to Angel One 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 One 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, Bank of Barodaetc.

      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 One 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 One demat account or any other account mentioned while in the application. You can check IPO allotment status here.

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9. 9. Is Angel One free?

   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:

   • Brokerage for Equity Intraday, F&O, Currency, Commodity: Rs 20 per order or 0.25%, whichever is lower.
   • DP Charges: Rs 20 per debit transaction
   • Call and Trade Charges: Rs 20 per order
   • Auto Square Off Charges: Rs 20 per order
   • AMC: Rs 20 per month (starting from the second year)
   • Other regulatory charges like Exchange Transaction Tax, GST, Stamp Duty, and SEBI Charges.
   • Other Demat Charges like Demat, Remat, Pledge Creation, Pledge Invocation, etc. (if applicable)
   • Physical statements, DIS Request, Physical Contract Notes: Rs 50.

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10. 10. Is Angel One good for beginners?

    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 One 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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