Angel One Review (March 2024)

This is my review of the Angel One.

In this Angel One review, I’ll cover:

• Overview
• Account Opening and Maintenance Charges
• Brokerage Charges
• Account Opening Process
• Trading Platform
• Pros and Cons

Let’s dive right in.

Angel One Review: Summary

	Angel One
Type	Full-Service Broker
Year Founded	1987
Headquarters	Mumbai, India
Overall Rating	4.2 out of 5
Brokerage Charges for Equity Intraday, F&O, Commodity and Currency	0.03% or Rs 20 per order, whichever is lower
Maximum Brokerage per Executable Order	Rs 20
Zero Brokerage on Equity Delivery Trading	No
Presence in Branches	More than 110 branches
Mobile Trading App	Available
Number of Features	N/A
Ranking	6th

Angel One Overview

Launched in 1996, Angel One is one of the reliable online brokers in India, with 1,40,174 active clients till 31 March 2023 (Source: NSE). The platform has various financial products for customers, including Stocks, Futures & Options, IPOs, Mutual Funds, Commodities, ETFs, US Stocks, and Bonds. Furthermore, Angel One has excellent trading applications and advisory services.

Angel One Charges

Account Opening Charges & AMC

Angel One doesn’t charge any fee for Demat account opening. However, the platform charges an AMC of ₹240 from the second year onward.

Brokerage Charges

It’s time to look at Angel One brokerage charges, and here is the Angel One brokerage structure:

• ₹0 brokerage charges for Equity Delivery
• Flat ₹20 or 0.25% (whichever is lower) for Equity Intraday, and all segments F&O

Angel One Account Opening Process

Opening an Angel One account is really simple, and you can open one quickly with our step-by-step guide:

• First, you will need to visit the Angel One website and click on the ‘Open Demat Account’ tab
• Next, you will need to fill in your name, mobile number, and city and complete your mobile OTP verification
• Besides, you will need to provide the platform with some personal details such as PAN card number, date of birth, email ID, and bank account number
• Next, you can complete your KYC through DigiLocker
• You will also need to Document and upload copies of your PAN, signature, and bank statement
• After that, you will need to get to the NSDL and eSign your application through Aadhar card OTP verification
• You will also need to complete the online In-person verification

Angel One Trading Applications

Angel One has fast and secure trading applications for all devices. The applications come with advanced charting, multiple indicators and timeframes, and multiple order types. It’s time to walk you through the applications one by one.

Angel One App

Angel One App is designed for mobile devices and is available on Android and iOS platforms. The app comes with all the essential features for trading and investing. The features include Tradingview and ChartIQ charting tools, multiple layouts, multiple watchlists, and timeframes. The app is easy to use and is also exceptionally secure.

Angel One Trade

Angel One Trade is the Angel One web application, and it comes with all the comprehensive trading features. You have the option to choose between Tradingview and ChartIQ charts. Order execution is also super fast on the application. It’s an ideal option for those who don’t want to trade on the Angel One platform without installing any application.

Angel One SpeedPro

Angel One SpeedPro is an installable desktop software with all the comprehensive trading features. It can be an ideal option if you avoid the hurdle of logging in every day. As far as usability goes, the app is highly usable and fast.

Angel ARQ Prime

Angel ARQ Prime is Angel One’s dedicated app to make investments easy and profitable. The app offers a rule-based strategy for maximum returns, and at the same time, it minimizes risks by cutting losses early. Besides, the app claims to have a proven track record of over 100% return in 11 months.

Smart API

Angel One offers retail investors and sub-brokers quick, easy, and FREE SmartAPI to build trading and investing platforms and have them running in minutes.

Angel One Pros & Cons

Angel One Pros

• ₹0 charges on account opening
• Different financial products, including Stocks, IPO, F&O, Mutual Funds, and Commodities
• Equity Delivery is free of brokerage charges
• Minimal brokerage on Intraday and F&O
• Fast and secure trading applications for all devices
• Free APIs and advisory tips

Angel One Cons

• No GTT order
• Customer support needs to get more responsive

Conclusion

Angel One is one of the most reliable online brokers, and the platform is equally suitable for traders and investors. As you have seen in this post, the platform comes with many financial products. The platform charges minimum brokerage charges. Furthermore, it has excellent trading applications across all device platforms. Angel ARQ Prime is an exceptionally innovative application for investors that can help them earn maximum profit and make fewer losses.

It’s also commendable that the platform offers APIs for free, while platforms like Zerodha and Upstox charge for their APIs. However, the fact that the platform doesn’t have a GTT order puts it on the back foot to some extent, but overall, Angel One is a good trading platform. However, Angel One customer support needs to improve and the platform needs to work upon making its customer support more responsive.

Comparing with other brokers:

Angel One vs Groww	Angel One vs Zerodha
Angel One vs Upstox	Dhan vs Angel One
Zerodha Vs Upstox Vs Angel One	AngelOne Vs Groww Vs Zerodha

FAQs Angel One Review

What is Angel One, and what services does it offer?

Angel One is a leading online discount broker that provides various financial services, including online trading, investment advisory, and depository services.

Is Angel One genuine or fake?

Angel One is a SEBI-registered broker and a BSE, NSE, and MCX member. Besides, the platform has been around for many years without major issues.

 Furthermore, the platform comes with reliable trading applications. Hence, the platform is a 100% genuine trading platform.

Can I trade in the National Stock Exchange (NSE) through Angel One?

Yes, Angel One provides access to the National Stock Exchange (NSE) and other major stock exchanges, allowing users to trade in various listed securities.

Is Angel One good for beginners?

Angel One comes with a Beginner friendly interface, and the applications are secure. Even an absolute beginner will hardly need 10 minutes to get the hang of the platform. Hence, Angel One is undoubtedly an ideal platform for beginners.

How do I start Angel One?

You can start an Angel One account by following these simple steps:

• Visit the Angel One official website
• Click on Open Demat Account
• Complete mobile OTP verification
• Fill in details of PAN card and other personal details
• Complete KYC through DigiLocker
• Complete In-Personal verification
• eSign application on the NSDL website through Aadhaar OTP verification

What is the maximum amount deposited in Angel One?

There is no minimum deposit limit for UPI transactions in Angel One. However, there is a maximum amount limit, which is ₹2 lakhs.

Which banks support Angel One?

Angel One has a payment gateway with ICICI Bank, HDFC Bank, Axis Bank, SBI, and Citibank.

How can I open a trading account with Angel One, and what are the associated charges?

To open a trading account with Angel One, you can visit their website or app and follow the account opening process. The account opening charges may vary, so it’s best to check their website or contact customer support for the most up-to-date information.

Does Angel One offer mutual fund investments?

Yes, Angel One offers mutual fund investment services, allowing investors to choose from a wide range of mutual fund schemes.

What is the brokerage charge for trading through Angel One?

Angel One is a discount broker known for its competitive brokerage charges. The brokerage charge may vary based on the type of trades and services availed. It’s advisable to check their website for detailed brokerage information.

What are the benefits of using Angel One as a discount broker?

As a discount broker, Angel One offers lower brokerage charges and provides a user-friendly platform for online trading, making it cost-effective and convenient for investors.

Does Angel One provide investment advisory services or technical analysis support?

Yes, Angel One offers investment advisory services and technical analysis support to help clients make informed investment decisions.

What is delivery trading, and can I do it through Angel One?

Delivery trading refers to buying and holding stocks for an extended period. Yes, you can do delivery trading through Angel One.

Does Angel One provide services for intraday trading and commodity trading?

Yes, Angel One offers services for both intraday trading and commodity trading, allowing investors to participate in short-term market movements and trade in commodities.

How does Angel One ensure the security and privacy of client information?

Angel One employs strict security measures and encryption protocols to safeguard client information and ensure data privacy. Client information is handled with utmost confidentiality and is not shared with third parties without consent.