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Angel One Review 2024

Rated 4.5/5 by InvestorGain Team
Last updated on: 6-Feb-2024
Angel One Review
Open Instant and Online account with Angel One in 15 mins.

Angel One Review 2024 - Quick Summary

Enjoy full-service broker services at discounted brokerage rates with Angel One offering free delivery trading and charges Rs. 20/order flat brokerage across segments. Angel One is a new-age FinTech platform that provides next-gen technology platforms; Angel One Super App, Angel SpeedPro Desktop Trading Software, ARQ Prime (Rule-based investment engine) for stocks and mutual fund recommendations, and research & advisory services.


Angel One Top Highlight for 2024

  • Leading brokerage over with over 2 decades of experience
  • Open free Angel One demat and trading account
  • One-stop-shop for all your investment needs
  • No brokerage on investment in stocks
  • Pay Rs 20 brokerage on intraday and F&O trades
  • Invest in direct mutual funds at Rs 0 brokerage
  • Superfast platforms; Angel One Super App and Speed Pro desktop software
  • Angel One ARQ: An AI-based advisory platform

About Angel One

Angel One is one of India’s leading retail full-service stockbrokers. Angel One (formerly known as Angel Broking) was founded in 1996 as a traditional brokerage house, but gradually with the advent of new technologies, it started offering an end-to-end digital investment solution to its clients.

The broker has consistently developed great technology platforms to revolutionize the way we invest, making it the best broker. Its AI-powered Angel One Super App and ARQ Robo advisory platforms are the leading examples of its groundbreaking innovation.

Angel One allows customers to trade or invest via the web, Super App and Speed Pro desktop platform. All necessary features from instant order placement to high-speed trade execution, advanced charting capabilities, advanced option chain, intelligent portfolio analyzer, and other advanced features are offered.

Angel One ARQ robotic advisory platform is its USP that makes it different from other discount brokers. The ARQ technology offers personalized stock and mutual fund advisory services.

As a BSE, NSE and MCX trading member, Angel One allows you to trade or invest in stocks, equity futures and options, commodities, and currencies. Other investment products like mutual funds, IPO, US stocks and ETFs, NCDs, corporate bonds, and SGBs, and PMS (Portfolio Management Services) to HNIs.

Although Angel One offers an advanced trading and investment platform, the cost of trading is highly competitive. Angel One charges a flat fee of Rs 20 per order for all trades executed in any segment. However, investing in stocks, also known as delivery trading, is free of brokerage fees.

The full-service broker also offers free stock market research and advisory services, including fundamental and technical research reports for investment and trading ideas as well as IPO research.

In addition, it also allows investment in US stocks and ETFs, SGBs, and provides margin trading, and loans against shares.

Is Angel One the best broker for trading? Read the complete Angel One Review 2024 including its account opening fees, brokerage fees, trading platforms and their features, customer service and much more.

Angel One Promotion Offer

Current promotion offer from Angel One for InvestorGain Visitors:

  • Rs 0 brokerage for the first 30 days (upto Rs 500)
  • Free Account Opening
  • Free Equity Delivery Trading
  • Maximum Rs. 20 per order brokerage
  • Free stocks & IPO research

Open Instant Angel One Account Now!

Angel One Brokerage Charges - 2024

Brokerage and Commission Rated 4.5/5

Angel One has a transparent pricing model wherein the maximum brokerage fee charged is Rs 20 for each order.

Trading in a delivery segment or investment in stocks is free and intraday trades are charged at a lower of Rs 20 or 0.03%.

However, derivatives or F&O trading in all segments (equity, commodities, and currencies) is charged with a flat Rs 20 per order brokerage.

On the brokerage front, Angel One Rs 20 brokerage structure competes with Zerodha, Fyers, Upstox, etc.

But, if you opt to trade with Angel One, you will be charged with Rs 0 brokerage upto Rs 500 on all trades for the first 30 days.

Angel One Account Opening and AMC Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 240 PA (Waived for 1st year)

Angel One Brokerage Plan with closest competitors

Here we are comparing Angel One with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Angel One 5paisa Zerodha Upstox Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 Rs 20 Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery Free Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 20 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Flat Fee Rs 20 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating

Other Charges

  • Call & Trade Charges: Rs 20 per order
  • RMS Auto Square Off Charges: Rs 20 per order
  • Hidden Charges: NA

Visit Angel One Brokerage Charges page to check plans, fees, and taxes.

Use Angel One Brokerage Calculator to know the exact brokerage charges applicable.


Investment Offerings - Angel One 2024

Investment Offerings Compare Angel One
Equity Cash and F&O Yes
Currency Deravitives Yes
Commodity Yes
Online IPO Application Yes
Mutual Funds Yes
Bond / NCD Yes
ETF Yes
Banking No
Insurance No
Forex No
MF SIP Investment Yes
Equity SIP Investment No
PMS Service No
Other Investment Options PMS

Type of Account offered by Angel One

Whether you are a resident in India or a non-resident (NRI), you can choose Angel One as a preferred broker to start your trading and investing journey in the Indian stock market.

Let’s brief the account opening services offered by Angel One and the charges thereon;

Angel One Demat and Trading Account

    Want to trade with Angel One, at first you have to open Angel One 2-in-1 account or Trading cum demat account.

    Having an Angel One Trading Account allows you to place buy and sell orders on BSE, NSE, and MCX. Also, you can invest in primary market (IPOs), mutual funds, SGBs, etc.

    Angel One is a depository participant with CDSL to offer Demat account opening services. As of now, Angel One has no account opening charges, and also the demat maintenance charge is kept minimal to Rs 240 per annum.

Angel One Commodity Trading Account

    Angel One is a trading member with MCX to allows customers to trade in commodity derivatives.

    You can open an equity and commodity trading account together by selecting the MCX segment at the time of account opening.

    If not done, you can activate the MCX segment later anytime using the Angel One Super App or website.

Angel One NRI Account

    Likewise, residents, NRIs can trade with Angel One by opening NRI Demat and Trading Account.

    NRIs can open either a repatriable or non-repatriable NRI account by linking their NRE or NRO bank account in India.

    NRIs who want to invest in India on a repatriable basis also have to obtain a PIS permission letter from the RBI-designated branch.

    NRIs can invest in Indian companies listed on the BSE and NSE. On NRI equity delivery trading, Angel One charges a lower of 0.05 per unit or 0.50% per executed order fee.

Angel One Mutual Fund Account

    Invest in over 5000+ mutual fund schemes from 40+ top fund houses including Axis, ABSL, HDFC, ICICI, SBI, Tata, and a lot more. Angel One charges zero commission or brokerage on investment in direct mutual funds.

    One can start SIP or invest lumpsum money in mutual fund/s in just 5 minutes at zero paperwork.


How to open Angel One Account online?

Angel One offers you a paperless 4-step account opening process to open a Free Demat Account instantly at zero charges.

  1. Head to Angel One’s website.
  2. Click on the “Open Free Demat Account”
  3. Add your name, and mobile number, and select your city.
  4. Enter the OTP sent to your registered mobile number.
  5. Enter personal details; DOB, PAN number, email ID address, bank account number, and IFSC code.
  6. Click on the “Proceed” option and select “Instant Account Opening with DigiLocker”.
  7. Enter aadhaar number, and basic info (annual income, occupation, father’s name).
  8. Upload documents; PAN card, client signature, and bank statement.
  9. E-sign with aadhaar by entering aadhaar number and OTP.
  10. Take a clear video of yourself for online verification by uploading a 10-second video. The process is completed.

Note: You will receive Angel One will Demat account details on your email and mobile number. Use the login details to access your Angel One Trading & Demat account, and start your investment journey.

Open Instant and Online account with Angel One in 15 mins.

Alternatives to Angel One

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Angel One Mobile App and Trading Platforms

Trading Platforms Rated 4.5/5
Trading Platform - Angel One 2024
Trading Platform Angel One
Mobile Trading App Angel One Mobile App
Web Trading Platform Yes
Android Mobile App Yes
Android App Download Andriod Angel One Mobile App Download
iPhone Mobile App (IOS) Yes
iOS App Download iOS Angel One Mobile App Download
Web Trading Detail

https://www.angelone.in/trade/

Mobile Site Yes
Trading Software Charges Free
Brokerage Calculator Brokerage Calculator for Angel One
Detail Detail on Trading Platforms for angel-one

Angel One platform offers advanced trading tools and amazing features to simplify the trading process.

Trade via the Angel One Super App, website or the Speed Pro desktop trading platform.

All platforms are developed in-house with a keen focus on user-friendliness, super easy to navigate, speed, and safety & security. You can trade using any platform for free with no subscription fees.

Let’s briefly review the types of trading platforms and features available;

Angel One Super App

    Angel One Super App is a revolutionary 2.0 share market trading app that brings the power of data with cutting-edge technology at your fingertips.

    Be it Indian stocks, US stocks, IPOs, mutual funds, SGBs, currencies, and commodities – you will find them all in Angel One Super App.

    The user-friendly app interface provides easy navigation to the market complexities. The Super app offers one-tap access to everything from order placement, to faster charting, portfolio holdings, positions, and more.

    The Super app has many power-packed features like lightning-fast trade execution, TradingView charting integration, number of technical charts (candlestick, Heikin Ashi, line, bar, hollow candles, area), 100+ indicators for technical analysis, smart portfolio analyser, Trade from charts, advanced option chain analytics, and many more.

    Also, you get free research insights and ARQ-powered stock investment recommendations.

    The app is compatible to run on Android and iOS devices. iPhone or iPad users can download it from the App store and android users can install it from the Google Play Store.

Angel One Trade| Web Trading Platform

    Angel One has a browser-friendly trading website. Users can log in to the Angel One Trade on any browser over their mobile phone or desktop or laptop.

    You will find all the features on the Angel One website from multiple watchlists to different types of charts, TradingView and ChartIQ integration, number of technical indicators, top stock picks, smart orders (GTT, Stop-loss, cover order, etc.), advanced option chain, and many more.

Angel One SpeedPro Desktop Trading Software

    If you are a professional trader, trade on Angel One SpeedPro desktop trading software. Experience the power and speed of instant trade execution and reports with SpeedPro.

    The desktop trading terminal SpeedPro gives an integrated single-window trading experience to traders with real-time market updates, live market watch, portfolio monitoring, and integrated news flash and reports.

Angel One ARQ

    Angel One ARQ is a unique robo-advisory platform that uses smart algorithms to offer personalized advisory i.e., stock and mutual fund recommendations.

    The rule-based advisory engine ARQ advises you on asset allocation as per your risk appetite. It also recommends upto 15 stocks along with the entry and exit timing.

    Know more on Angel One ARQ

Angel One API

    Get free access to Angel One Smart API to build a full-fledged trading platform using programming languages like Python, NodeJs, R, PHP, Java, C#, and Go.

    The stock broker offers different set of APIs like Market Feeds API, Historical Data API, Publisher API, and Trading API.

    The API access allows users to perform various tasks like fetch holdings & positions, place orders, faster trade execution, get live streaming data, and many more.

For detail review of mobile app and download please visit Angel One Trading Platform Review.


Angel One Trading Pros

  • Trade at Max Rs. 20 per order on BSE, NSE, and MCX
  • Lifetime free delivery trading.
  • Pre-IPO Apply feature to subscribe to an IPO before it goes live.
  • Zero Demat AMC charges for 1st year.
  • Get free access to Angel One stock and IPO research.
  • Get smart recommendations with Angel One ARQ
  • User-friendly and technologically advanced trading platforms.
  • Place BO, CO, GTT, and Basket order
  • Free Angel One Smart API to build your own trading platform.
  • Large network of 16,000+ registered authorized partners.
  • Angel One Smart Money learning platform for beginners, traders, and investors.
  • Margin trading facility.
  • No hidden charges.

Angel One Trading Cons

  • ARQ-Prime engine is a paid platform.
  • It does not offer a 3-in-1 account opening facility.
  • Does not offer unlimited monthly trading plans.

Angel One Customer Care info

Angel One has several customer support channels. You can submit your complaints via the customer helpline number and email support. Online chat support (Ask Angel) is also offered to assist customers in opening a demat account, applying for IPOs and other queries.

There are also FAQs and a blog and knowledge center to resolve customer complaints faster. Since the broker has many branches across the country, you can also resolve your queries offline by visiting one of the nearest branches.


Final thought about Angel One

Rated 4.5/5 by 74 users

Angel One is a perfect blend of discount and full-service brokers. As a discount broker, it charges Rs 20 maximum brokerage fee while offering many value-added offerings.

Angel One has a host of competitive advantages over other discount brokers like research reports, personalized recommendations to invest in stocks and mutual funds with ARQ-powered technology, and the best platforms like Super app and SpeedPro for pro traders and long-term investors.

Request call back from Angel One

Last updated on: 2024-02-05

FAQs

Angel One account closure is an offline process. Both Demat and Trading Account can be closed by visiting the nearest Angel One branch. You need to either download the account closure form from company’s website under Important Documents section or procure the physical account closure form from the nearest branch. Fill the form and submit it to the Angel branch office. There are no charges for account closure.
Angel One Download Account closure Form -Link

 

There are multiple modes to put money into your Angel One trading account. Any customer can add money via UPI or net banking as per their choice. UPI is a direct method to transfer funds instantly at zero charges.

Transferring funds digitally through UPI is the easiest, most convenient, and most instant process. A trader only requires a valid UPI ID to add funds instantly to the Angel One trading account. You can transfer a maximum of Rs 1 lakh via UPI.

Angel One UPI Fund Transfer Process;

  1. Log in to the Angel One web or App.
  2. After logging in, under the “Funds” tab, click on the “Add Funds” option.
  3. Select the bank account you want to transfer funds.
  4. Enter the amount you want to add.
  5. Select the UPI mode as a preferred mode of fund transfer.
  6. Choose the UPI App (BHIM UPI, GPay, Paytm, and PhonePe) or enter the UPI ID and tap on “Proceed”.
  7. Authorize the payment by accepting the UPI mandate request on your phone.
  8. Once done, the funds will be instantly reflected in your Angel One account.

 

There are numerous ways to connect with Angel One customer support team. Clients can raise any issue on the customer care e-mail at [email protected] and helpline number at 08047480048. Customers can raise their queries related to equity, currency, and mutual fund investment from 8:30 to 5:30 PM from Monday to Saturday.

 

To withdraw money from Angel One demat account, you need to follow the steps:

  • Log in to your profile by entering demat account details.
  • Click on the “Funds” section provided in your profile.
  • You will be redirected to funds page where you will get options of Add Funds or Withdraw.
  • Click on withdraw option and you will get the details of amount available,
  • Enter the amount you want to transfer in your bank account. You can only transfer the money that is received by you after selling certain securities.
  • Enter all the relevant details asked by the broker, enter amount and password to initiate the transfer.
  • In few hours, the amount will be credited in your bank account.

 

There are many reasons that make Angel One a great stock broker for beginners in the stock market, among all, unfettered and free access to the detailed Angel One fundamental & technical research reports and advisory is the top factor that helps beginners to make profitable investment decisions.

Apart from this, beginners can also read informative blogs and articles on the knowledge center to take smart decisions to invest their hard-earned money. It has a dedicated Smart Money platform specially designed for beginners to provide stock market learning and a guide to the financial market.

However, beginners looking to step in by investing in mutual funds can only purchase regular schemes as the Angel Bee platform does not provide direct mutual fund schemes to clients.

 

Angel One is a SEBI-registered stock brokerage firm and a trading member of BSE, NSE, and MCX. All the transactions placed through the broker are regulated by SEBI regulations which make Angel One a safe broker for trading & investment.

It is also a listed company whose shares are traded on BSE and NSE. Strong long-term operating history of 30+ years and a large network of 16,000+ registered partners make Angel One a trusted broker.

 

Angel One Demat and Trading account opening is absolutely free means there are no charges. The first-year Demat maintenance fee is also NIL and thereafter Rs 240 per annum Demat AMC is charged.

It's Angel iTrade Prime is a flat discount brokerage plan that charges Rs 0 brokerage on investment in shares (Delivery trading, CNC) while intraday and futures & options trading is charged at flat Rs 20 per order brokerage fee.

 

Mr. Dinesh Thakkar founded Angel One (Angel Broking) as an Indian stockbroking firm in 1996 and over the years, the broker has carved a strong brand reputation in the broking industry. It is a one-stop-shop to trade and invest in shares, equity derivatives, commodities, currencies. IPO, and mutual funds.

 

Yes, Angel One discount stockbroking firm is registered with the SEBI market regulator with registration number INZ000161534. It is also an active trading member of NSE, BSE, MCX, NCDEX, and a depository participant with CDSL.

 

BO ID (Demat account number) is a 16-digit account number that is unique for every account holder. The first 8-digits of the Demat account number is your CDSL DP ID and the last 8-digits are Demat account holder customer ID.

 

Yes, Angel One assists customers by providing them with comprehensive insightful research reports including stock fundamental research, technical research, and IPO research services. Its ARQ prime algorithm-based engine also offers personalized advisory services to customers to invest in stocks and mutual funds.

 

The process of converting one order to another like Intraday orders (MIS) to Delivery (CNC) or CNC to MIS is called position conversion. Angel One allows customers to change their trade or positions using the Angel One app or website.

Steps to convert MIS to CNC order in Angel One App;

  1. Log in to the Angel One mobile app or web.
  2. Once logged in, click on the “Orders” tab.
  3. Now, go to the “Positions” tab.
  4. Go to the menu option and select the “convert” option to change your trade position.

 

Angel One is a well-known technology-focused brokerage house that offers online trading across exchanges at the cheapest discount brokerage rate.

Reasons to trade with Angel One;

  • Zero brokerage on delivery trading.
  • Rs 20 flat brokerage intraday and F&O trading.
  • Brokerage-free mutual fund investment.
  • Web, app, and desktop trading software platform.
  • Insightful expert research.
  • ARQ hyper-intelligent stock and mutual fund advisory.
  • Zero interest on Margin Trading for 30 days.

 

BTST stands for Buy Today, Sell Tomorrow which is a special feature for traders who want to make a profit from short-term price volatility. Angel One allows clients to do BTST trades to benefit themselves.

Usually, a stock bought today takes T+2 days to get credited into the client’s Demat account but Angel One offers a BTST feature, allowing traders to sell stock even before receiving the actual delivery of shares in their Demat account.

 

Yes, Angel One offers a margin trading facility (MTF) to allow customers to buy shares now by paying a fraction of the total trade value, and the balance amount is funded by the broker itself called margin. The fintech broker charges zero interest on MTF for 30 days.

Steps to avail MTF in Angel One;

  1. Log in to the Angel One app or web.
  2. Add the desired scrip to the watchlist.
  3. Tap on the “Buy” option.
  4. Enter details like quantity and price.
  5. Select the product type as “Margin” and place the order.
  6. Tap on the “Confirm Buy” option.
  7. Pledge MTF stock by 9 PM on the same trading day.

 


Angel One User Reviews

105. Riyhad Jul 15 2023 08:49:04 PM Reply
Angel one broking doesn’t keep to their promise, it wasn’t a good decision to come here, I subscribe to their platinum plan which is expensive, I go debited and I never got what I paid for, when I tried getting the customer support it took several weeks to get a response which was still useless, no refund. I move my investments back to benarmstrong trades where I can actually buy investment plans and earn with no restrictions, they are by far reliable. Angel one is the opposite of success, looking for means to report them.
104. amarnath Sep 22 2022 09:22:53 AM Reply
OVERALL FULL SATISFACTION

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
103. Hareesh Mar 08 2022 12:46:12 AM Reply
Good and prompt service for customer complaint

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
102. Jay Modi Mar 01 2021 09:59:58 AM Reply
angel is really third class .. when they cant handel the puclics querry they should not advertise so much... no customer service at all

Very Poor when it comes to help option with them .

Never open DMAT with them

POOOOOOOOOOOOOR
102.1. Shahrukh Zari Mar 11 2021 11:57:56 AM
I agee to Mr. Jay. AB is more worst than third class. no prompt service at all. I am fed up with their service. one of my friend and me had the same transactions while trading the difference was he had a brokerage of Rs. 400 and I was charged Rs. 20000. Despite of raising the complaints on this issue my issue is not solved yet. Very poor
@New customers- Please do not open your account with AB. Better you go with some other firm
101. Shahrukh Zari Mar 11 2021 12:16:39 AM Reply
AB is a third class broker. Charging a hell huge amount of brokerage to me. not even a single service call from their side. Angel broking is not a customer oriented it is brokerage oriented firm. First charges a huge brokerage and when the customer complains about the same, they say that you have old brokerage plans please send an email we will upgrade your brokerage plans. Now its almost a week I have sent an email requesting to change my brokerage plans, but still that has not been addressed by AB. Honestly I am paying more brokerages as compared to my profits/ losses.
Now I am leaving Angel Broking and join some other broker firm. If a zero "0" or negative rating was an option, I would have selected that rating.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
100. KUNJAL Dec 23 2020 12:16:57 PM Reply
banknifty call put option selling hedging main kitna margin lagta hai brokerage. 1 lot. ki
100.1. ARUN RAJPUT Jan 24 2021 08:21:54 PM
40000 K UNDER ME SELLING KAR SAKTE HE ADHAIK JANKARI KE KIYE 8770334464 PAR CALL KARE
99. Jonathan Jan 21 2021 08:51:24 PM Reply
Hello,

Assuming I want to.purchase share of Rs50k and I make a profit of Rs50k. (Principle+ profit =Rs1lac). How much cash fund should I maintain in my trading account to buy & sell Shares.
98. D Bagchi Jan 07 2021 09:47:33 AM Reply
The Angel Broking delivery charges are not free for equity. They charge Rs.20 + GST for each ISIN traded in equity. This is their brokerage which they call settlement charges. The information given here is incomplete and incorrect about Angel Broking. Also their Trade Angel trading platform is horrible. This platform is slow, and gives wrong information. In addition it has a problem of re-login again and again.
97. Balakrishna Gajam Oct 12 2020 10:06:03 PM Reply
Today worst experience to much loss. Angel broking should stop their business. It''s not eligible for stock broking. Stupid. No customer care is lifting the phone. I tried today more than 30 times to covert my intrady to carry forward to recover my loss. Even I have 40k in my account, 33 k value is not converting. What is this. Whom should I complain. I tried register in SEBI to complaint. When I clicked on register in SEBI, it''s showing page is loading. Any way I will complain.