Angel Broking Review 2021: Full Unbiased Analysis

Angel Broking is a full-service stockbroker, good for day traders who are looking for flat brokerage. The broker offers up to 40X margin for day trading.

Angel broking offers a flat brokerage of Rs. 20 per trade for Intraday, F&O, Currency & Commodity. Flat brokerages can save huge money if you trade high volumes.

Zero Brokerage for 30 Days open online account right now

Angel Broking offers 4 products

• Equity trading – For trading in the stock market
• Currency trading – For trading in the forex market
• Commodities trading – For trading in commodities
• Futures and Options trading – Trading in the derivatives market

The delivery charges are Zero.

Let’s assume you do minimum monthly trading of 10,00,000 rupees with 10 trades (20 if we include buying & selling side)

Comparison of Angel trading brokerage with ICICI Securities that charges 0.275% (0.55% if we include both buying and selling)

10,00,000 * 12 months * 0.55% = Rs 66,000

Comparison of Angel trading brokerage with Sharekhan that charges 0.10 % (0.2% total on buying and selling)

10,00,000 * 12 * 0.2% = Rs 24,000

Trading brokerage with Angel that charges Rs. 20 per trade

20 trades per month * 12 months * 20 Rs brokerage = Rs. 4800 only.

Zero Brokerage for 30 Days open online account right now

Angel Broking Charges

Angel broking charge a flat Rs 20 per trade irrespective of the trade volume.

Brokerage Charges Across the Trading Segments         

Category	Brokerage Fee
Equity Delivery	Rs 0
Equity Intraday Trading	Rs. 20 per trade
Equity F&O Trades	Rs. 20 per order
Currency F&O Trades	Rs. 20 per order
Commodity F&O Trades	Rs. 20 per order

Angel Broking Transaction Charges

Category	Transaction Charges (Per Cr.)
Equity Delivery Trading	Rs.325
Equity Intraday Trading	Rs.325
Equity Futures	Rs.190
Equity Options	Rs.5,000
Currency Futures	Rs.110
Currency Options	Rs.4,000
Commodity	Rs.15

Angel Broking Margin, Leverage & Exposure

 

Category	Margin
Equity Delivery Trading	5-6 times
Equity Intraday Trading	Up to 40 times
Equity Futures	4 times
Equity Options	3 times
Currency Futures	Up to 2 times
Currency Options	2 times
Commodity	Up to 3 times

Zero Brokerage for 30 Days open online account right now

Angel Broking Account Opening Charges & Annual Charges

Account Opening Charges (One time) – Rs. 699, for free click here

Account Annual Maintenance Charges

First Year – Free

From Second Year Onwards – Rs. 450

Call & trade is charged additionally – Rs. 20 per call.

Check out – Angel Broking vs Zerodha

Can We Get the Waiver of Account Opening Charges

Presently, Angel does not charge any fee for opening a Demat account. For trading account opening there is a one time charge of Rs. 699 (for free click here)

We will update as we find any way to waive the trading account opening and annual charges.

Standard Terms and Conditions

Angel Broking has the following standard conditions

In the case of a new client, the Branch/Business Partner should collect a cheque of Rs. 2,500/- plus remaining DP agreement charge and POA charge.

Existing account holders can change the existing Demat AMC scheme (except FREEDOM 3000 AMC Scheme) to the new Demat AMC “LIFE-2500” scheme.

Demat account opened under the “LIFE-2500” scheme will have no refund if a client decides to close the account. Apart from the above, the clients will have to pay for the depository transactions executed as per the DP Tariffs + service taxes.

In the case of corporate accounts since the CDSL levy, a charge of Rs. 500/- every year the same will be recovered from the corporate clients on an annual basis.

Brokerage levied to the Account shall be the higher brokerage value as per the existing rates or Rs. 30/- per settlement/segment, subject to the maximum rates prescribed by the regulator(s) from time to time.

Settlement charges towards debit instructions of client shares from Angel beneficiary and Angel Collateral Account, Rs. 30/- per ISIN would be debited to the client ledger.

Angel Broking Limited reserves the right to increase the Tariff Charges from time to time at its sole discretion, under 30 days prior intimation to clients either by means email or an ordinary post and by notification on the back-office interface.

Service tax, education cess & other statutory levies (if any) would be charged extra wherever applicable as per prevailing rates.

Additional Angel Products & Amazing Features

#1. ARQ

ARQ is an automated investment engine that focuses on the best profitable investment strategy and offers the highest possible returns.

 ARQ is an advisory tool that provides regular recommendations for equity stocks and mutual funds based on the powerful research engine capability.

 Short term retail investors can use ARQ as a personal fund manager.

What I like about Angel Broking

• Flat brokerage fees
• Excellent trading software’s and investment advisory
• The user-friendly browser and application-based online trading platforms
• Comprehensive research reports from expert
• What I didn’t like about Angel Broking

What I didn’t like about Angel Broking

• Customer service is average as their turn around time is a little higher

Angel Trading Platforms

#1. Angel Broking Mobile App

 

Angel broking mobile app allows accessing markets, charts and even trading through the smartphone.

One can check multiple indexes with real-time prices. You can also access ledgers, contract note, P&L statements and can transfer funds & securities from the app itself.

#2. Angel Broking Trade

Angel broking trade is a browser-based trading platform that provides automatic updates of all transactions and also tracks portfolio performance.

One can even invest in Mutual funds through the Angel broking trade.

#3. Angel Speed Pro

Angel speed pro is an application-based trading platform. Speed Pro provides direct market access along with advanced technical analysis.

How to Open an Account with Angel Broking

Angel broking offers a 2-in-1 account, online trading and a Demat account.

You can open an account in 2 easy ways

• Online – Open an online trading & a Demat account (through Digital KYC) in an hour.
• Visting the Branch – Visit Angel branch office or Sub-broker or make a phone call to them.

 Zero Brokerage for 30 Days open online account right now

Documents required

• Identity proof and Address proof
• PAN Card
• IFSC code and bank account details

Once the details are verified, the application will be processed and the welcome kit is dispatched.

Best For

If you are looking for an advanced trading platform or a mobile app for day trading then you should go with Angel Broking.

You would benefit from flat brokerage and 40X margins for day trading.