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.

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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

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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.

Angel Broking Vs Zerodha Broker Comparison 2021: Brokerage, Margin, Charges

Broking (a full-service broker having flat brokerage rates) vs Zerodha (a discount broker) in this article.

If you are looking for an advisory broker and don’t do trading then Angel broking is a good option. But if you are a trader or want to start trading then Zerodha is best the option to choose

Let’s have a look at the side by side comparison between Zerodha vs Angel Broking

Particulars	Angel Broking	Zerodha
Can trade-in	Stocks, Equity F&O, Currency F&O and Commodity F&O	Stocks, Equity F&O, Currency F&O, Commodity F&O Bonds and Govt-Securities
Brokerage Charges	Angel Broking	Zerodha Brokerage
Equity delivery	Rs.0	Rs.0
Equity Intraday, Futures, Options, Currency, Commodity	Rs. 20 per trade	Lower of Rs. 20 per executed order or 0.03%
Charges for Call and Trade	Rs. 20 per order	Rs. 50 per order
Margin for Intraday	Up to 6 times	Up to 15X
Account Opening Charges	Rs 699, for free click here	Rs 200, for free 300 Rewards Points click here
Demat AMC Fees	First Year – Free From Second Year onwards – Rs. 450	Rs.300
Apply Now	Zero Brokerage for 30 Days open online account right now	Open Zerodha Account

Read ahead to check the detailed review of both the Angel broking Demat account and Zerodha Demat account

Angel Broking Demat & Trading Account Review

Angel (read full angel broking review) is a 30-year-old broking company with a pan-India presence across 1,800 cities.

Angel Broking has a robust Speed Pro trading platform for traders looking to execute orders without hang even during the last trading session.

This is important for traders who want to play safe and protect their profits on day ends.

They do not mind paying a bit more for it. That is why Angel Broking has over 1.11 million active broking accounts and manages client assets worth over Rs. 113.02 billion.

 Angel Broking offers stock trading, advisory services, margin funding, loans against shares and mutual fund distribution.

Angel Brokerage Charges

Angel Broking is a full-service stockbroker with a flat discount brokerage of Rs. 20 per trade across the trading segment.

The charges for equity delivery trades are Zero. 

• Equity Delivery: Rs. 0
• Equity Intraday: Rs. 20 per trade
• Futures – Equity, Commodity, Currency: Rs. 20 per trade
• Options – Equity, Currency: Rs. 20 per order

Angel Broking provides a “Call & Trade” facility at an additional charge of Rs 20 per order.

Margin Provided

Angel broking offers margins on intraday (MIS) products and Bracket Orders (BO) products.

You get a decent margin of 6 to 8 times for intraday (MIS) trading in Equity, Futures (stock & index) and Option writing. Any new day trader will be more than happy taking a position of Rs. 1,00,000 by paying Rs. 12,500 as margin.

But the margins for commodity F&O is restricted up to a maximum of 4 times on NCDEX and 6 times for trading on MCX exchange.

Angel Broking provides margins for Bracket Order (BO) only on Angel Speed Pro.

In Bracket Orders (BO) a stop loss and profit-taking orders are placed simultaneously with the initial order.

For example, suppose the market price of stock A is Rs. 700 for which you want to place a buy BO order.

When you enter the order, you will also need to enter a Stop loss order (which can be at Rs. 696) and a profit-taking order (that can be placed at Rs. 705).

The buy BO order at Rs 700 gets executed immediately. Whereas, one of the two orders (profit taking or stop loss) gets executed with time. When that happens the other order gets cancelled automatically which makes the trade comparatively less risky.

Account Opening Charges for Angel Broking Demat Account

• Trading account opening charges (One time): Rs. 699, for free click here
• Demat Account: Rs. 0
• Annual maintenance charges: First Year – Free, from second year onwards – Rs. 450

Angel Broking brokerage house also gives you the option to pay a lifetime AMC (charged upfront once) of Rs. 2500 under the “LIFE 2500” scheme

Angel Broking Trading Platforms Review

#1. Angel Broking App

Angel Broking mobile app allows access to markets, charts and even trade through the smartphone.

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

The app can be used to get the Angel’s ARQ personal advisory service, live market data and make UPI based payments. 

#2. Angel Broking Trade

Angel Broking trade is a web-based trading platform with a simplified interface that provides automatic updates of all transactions and also track portfolio performance.

One can even invest in Mutual funds, commodities, currencies, mutual funds, bonds, and initial public offerings (IPOs) through Angel Broking trade.

Angel Broking trade platform can be used to manage the wealth/ account of the entire family with a single login.

#3. Angel Speed Pro

Angel Speed Pro is a trading software that can be downloaded on your laptop and desktop. The app can be used on multiple PCs for trading.

Speed Pro provides direct market access along with advanced technical analysis. You can track your portfolio, get instant market news and an option to watch and update live market data in excel.

Angel Broking Pros

Zero brokerage for delivery trades

A fixed brokerage of Rs. 20 per trade

Angel Broking Cons

Low margins as compared to other discount brokers

Does not discloses margin for BO trades

Angel Broking Best For

If you are looking for a full-service broker, who charges a flat brokerage of Rs. 20 per trade like other discount brokers then you can go for Angel Broking.

Open Angel brokering account now

Zerodha Demat & Trading Account Review

Zerodha introduced the discount broking model in India for the first time by offering a flat brokerage of Rs 20 per trade. Equity delivery is free.

If you ask anyone “Where should I open a Demat account?” and the first reply would be with Zerodha.

Zerodha’s advanced trading platform for technical analysis and good customer support is the main reason behind the word of mouth.

You can trade & invest in the following assets using Zerodha:

• Stocks
• Derivatives – Stocks, Commodity and Currency
• IPO
• Direct mutual funds
• Bonds and Govt-Securities

 Zerodha Brokerage Charges

• Zerodha charges a maximum of Rs. 20 per executed order irrespective of the trading volume. This helps you trade high volumes.
• Equity Delivery: Rs. 0
• Equity Intraday, Futures, Options, Currency, F&O, Commodity: Lower of Rs. 20 per executed order or 0.03%

You can use value-added services from Zeordha’s official partners like Screeners, Sensibull, Stock reports and SmallCase by paying a nominal fee. For example, you need to pay Rs. 150 per month for a stock report.

This makes Zerodha suitable for traders who do their own research. New traders who do not mind paying extra money for additional services can also look forward to having an account with Zerodha.

Zerodha Margin Provided

The Margin for Intraday (MIS) is as under;

• Equity Intraday: Up to 15 times depending on the scrip
• Index Futures: 4.16X
• Equity Futures: 3.33X
• Index Options: 4.16X
• Stock Options: 3.33X
• Currency Futures: 2X
• Commodity Futures: 2X

Zerodha Account Opening Charges

Charges for opening an account online with Zerodha are

• Trading and Demat account (Equity, F&O and Currency) opening charges: Rs. 200
• Commodity Account: Rs. 100
• Trading account annual maintenance charges: Rs. 0
• Demat account annual maintenance charges: Rs. 300

For offline account opening, there is an additional charge of Rs. 300. 

Open Online Zerodha Account & Save Rs 300

Zerodha Trading Platforms

#1. Kite Mobile

Zerodha Kite Mobile trading app

Kite Mobile app allows you to trade and monitor live streaming data from BSE, NSE and MCX. You can use the app to look at charts with over 100 indicators and trade intraday with BO and CO order placement facility.

Kite Mobile App is available for both iOS and Android smartphones. The app has a biometric (fingerprint and Face ID – iOS) 2FA login for better security. Kite mobile app is light and requires fewer than 0.5 Kbps for a full MarketWatch.

#2. Kite 3.0

Kite 3.0 is a free web-based trading and investment platform for all Zerodha customers. The platform can be used for trading on mobile, tablets, desktop and laptops. One has access to 90,000+ stocks and F&O contracts across BSE, NSE and MCX.

The platform has a sleek user interface with real-time widgets and options for advanced charting.

However, there are reviews of the Kite platform getting hanged in the last hours of trading due to order overloads. This can turn a profit position into a loss quickly. 

Kite Connect API

Zerodha provides you access to the Kite Connect APIs. The Kite Connect is an HTTP/JSON API that you can use to build your own applications.  Its paid service now.

#3. Sentinel

Sentinel helps you set alerts on the cloud for over 80,000+ stocks, bonds, commodities, F&O contracts and currencies across different exchanges. 

You can set alerts based on the price and on 20+ data points like OHLC, bids and offers.

#4. Zerodha PI (Installable Application)

Zerodha PI is an exe based downloadable & installable trading terminal with features like advanced charting, algos, strategies, and backtesting.

Zerodha PI application helps you to trade across segments at BSE, NSE and MCX.

Zerodha Pros

No brokerage charges for delivery

Fixed & low brokerage irrespective of trade volume

No minimum balance required to open and maintain the account

Zerodha Cons

Frequent delays and service down during trading hours

The margin provided is low as compared to other discount brokers

Does not upfront discloses margin for CO & BO trades

Zerodha Best For

Zerodha is best for regular traders who want to save money on brokerage required higher margins and looking for advanced trading platforms for technical analysis.

Quick link to Open Zerodha Account

Angel Broking Vs Zerodha (Comparison table)

Particulars	Angel Broking	Zerodha
Type	Full-Service Broker	Discount Broker
Can trade-in	Stocks, Equity F&O, Currency F&O and Commodity F&O	Stocks, Equity F&O, Currency F&O, Commodity F&O Bonds and Govt-Securities
Can invest in	Mutual Funds, IPO	Mutual funds, IPO through Bhim UPI
Based out of	Mumbai	Bengaluru
Customer Support	Calls and e-mail	Through calls, e-mails and tickets
Forum	None	Trading QnA Forum
Program for Traders	None	60-day challenge
Referral Program	Yes	Yes
Learning Resources	Angel Academy	Zerodha Varsity
Introductory Free Trades	No	No
Introductory Wallet Credit	No	No
Brokerage Plan	No Plans	No Plans
Brokerage Charges	Angel Broking	Zerodha Brokerage
Equity delivery	Rs.0	Rs.0
Equity Currency, Commodity – Intraday, F&O	Rs. 20 per trade	Lower of Rs. 20 per executed order or 0.03%
Commodity Options	NA	Lower of Rs. 20 per executed order or 0.03%
Charges for Call and Trade	Rs. 20 per order	Rs. 50 per order
Margin for Intraday	Angel Broking	Zerodha
NSE/ BSE Cash	Up to 6 times	Up to 15 times depending on the scrip
Stock Futures	Up to 6-8 times	3.33X
Stock Options	Up to 6-8 times	3.33X
Currency F&O	Up to 6-8 times	2X
MCX Futures	Up to 6 times	2X
NCDEX Futures	Up to 4 times	N.A.
Margin for OC/ OCO/ BO	It does not disclose upfront.	It does not disclose upfront. You need to use BO&CO margin calculator
Account opening	Online	Both online and offline
Account Opening Charges	Angel Broking	Zerodha
Demat Account	Rs.0	Charges for Demat & Trading account is clubbed – Rs. 200
Trading Account	Rs.699, for free with 30days free trading click here	Charges for Demat & Trading account is clubbed – Rs. 200
Demat AMC Fees	First Year – FreeFrom Second Year onwards – Rs. 450 lifetime AMC - Rs. 2500	Rs.300, Open Online Zerodha Account & Save Rs 300
Commodity Account	Opened along with trading account	Rs.100
3-in-1 account	None	Zerodha IDFC First Bank 3-in-1 account
Trading Platforms	Angel Broking App Angel Broking Trade Angel Speed Pro	Zerodha Kite 3.0 Zerodha PI
Cloud Alert Tool	None	Sentinel
APIs	Yes	Yes
Trading App	Angel Broking App	Kite Mobile App
Open Account	Open Angel Broking account	Open Zerodha Account

Conclusion:

Open an account with Zerodha if you are looking for a discount broker who provides a decent trading platform, flat brokerages and higher margin.

You can go with Angel broking if you are looking for full-service broker with advisory service.