by admin | September 18, 2024
Last updated on August 20,2024,
Having a second income source is always a safe option, the second income source is often linked to investing and trading in the stock market. Moreover, most of the new investors or traders enter the stock market with the intention of getting passive income.
So, if you want to have a second incomer for your financial freedom, the most important partner in this, is your broker. You need to choose the best one to ensure you have the best trading or investing experience.
The best broker will provide you with excellent user experience, features, and much more.
To make your broker selection process easy we have reviewed one of the leading stockbrokers in India – Angel One. In this Angel One review we have carefully reviewed all the unique offerings of Angel One. Let’s start with a brief overview of Angel One.
Table of Contents
Angel One Overview
| Company Type | Public |
| Headquarters | Mumbai |
| Founder | Dinesh Agarwal |
| Establishment Year | 1996 |
| Broker Type | Discount Broker |
| Active Clients | 61 Lakh+ |
| Account Opening Charges | Free |
| Open Angel One Account | Click Here |
Angel One, founded in 1996, is a well-known broker in India. With more than 25 years in the industry, they now have over 1 crore customers. In November 2019, they made a significant move by offering discounted brokerage rates.
They not only help you with trading but also advise you on where to invest. This has made them popular in over 1800 cities, especially in Tier 2 and Tier 3 cities in India.
They are part of major stock exchanges and act as a Depository Participant with CDSL.
Features of Angel One
- Online trading on mobile devices like smartphones, tablets, and iPads.
- Trading in Equity Cash (Delivery).
- Trading in Equity Derivatives (F&O).
- Trading in Currency Derivatives (F&O).
- Trading in Commodities at MCX and NCDEX.
- Investing in Mutual Funds, Bonds, and more.
- Keeping track of derivatives positions.
- Live streaming of stock quotes, charts, and news.
- Offering over 40 technical chart indicators and overlays.
- Stock advice on the auto advisory engine.
- Access to research reports and advisory calls.
- Personalized notification alerts for trades and ideas.
- Viewing Demat account holdings.
- Real-time online fund transfer through over 40 top banks.
Angel One demat account opening charges
| Trading Account Opening Charges | 0 |
| Trading Account AMC | 0 |
| Demat Account Opening Charges | 0 |
| Demat Account AMC | Rs 240 PA (Waived for 1st year) |
Angel One brokerage charges
| Segments | Brokerage Charges |
| Equity Delivery | 0 |
| Equity Intraday | Rs. 20 per executed order or0.25% (Whichever Is Lower) |
| Equity Futures & Options | Rs. 20 per executed order or0.25% (Whichever Is Lower) |
| Currency Futures & Options | Rs. 20 per executed order or0.25% (Whichever Is Lower) |
| Commodities Futures & Options | Rs. 20 per executed order or0.25% (Whichever Is Lower) |
| Call & Trade | Rs. 20 per order |
Angel One margin
| Segment | Margins |
| Intraday | Upto 10x |
| Equity Delivery | Upto 2x |
| Equity Futures | Upto 4x |
| Equity Options | Upto 3x |
| Currency Futures | Upto 3x |
| Currency Options | Upto 5x |
| Commodity Futures | Upto 3x |
| Commodity Options | Upto 2x |
Other Charges
- Call & trade charges: Rs 20/order
- RMS auto square off charges: Rs 20/order
- Hidden Charges: NA
How to open Angel One demat account
With Angel One you can open a free account without any paperwork. You just need to follow few simple steps.
- Go to the official website of Angel One – https://www.angelone.in/
- Then click on “Open Demat Account”
- Enter your details such as name, and mobile number, and select your city
- You will receive OTP on your given number, Enter it in the box
- Add your details such as date of birth PAN, email ID, and bank account details
- Then click on “Proceed” and click “Instant Account Opening with DigiLocker”
- Add your Aadhar number and other details such as annual income, occupation, father’s name
- Upload scanned copies of your documents including your PAN card, signature, and bank statement
- Then Esign with Aadhar, enter your Adhar number and OTP received on your registered number
- For online verification take a 10-second video of yourself and upload it.
- You will receive your Angel One login credentials within 24 hours and then you can start trading.
Angel One Pros and cons
| Angel One Pros: | Angel One Cons: |
| Full-service brokerage services with low fees. | You can’t trade small business shares here. |
| Flat brokerage fee of just ₹20 across all trading segments. | They don’t have a 3-in-1 account option. |
| Free tips are provided on ARQ, the Robo advisory app. | You can’t set GTC (Good ‘Til Canceled) or GTT (Good ‘Til Triggered) orders. |
| Free advisory tips for both mutual funds and equities. | If you need help from a broker over the phone, it costs ₹20 for each transaction. |
| Option to invest in corporate bonds available. | Some reviews say that Angel One’s representatives always try to sell you other things. |
Angel One trading platforms
| Angel One Android App | Android App |
| Angel One iOS App | iOS App |
| Angel One Web Trading Platform | Web Trading |
Angel One Super App
Angel One 2.0 Super App is their newly launched app. This app is like a super tool for trading and investing. It has features like advanced charts, a smart portfolio checker, and special order types.
The platform also provides free research tips and stock suggestions. With the Angel One app, you can trade or invest in Indian stocks, US stocks, IPOs, mutual funds, commodities, and more.
Angel One Trade – Web trading platform
Angel One Trade is the official website for trading. You can use the website trade.angelbroking.com on your preferred browser. This website helps you keep an eye on your investments and lets you use advanced charts with lots of helpful indicators.
With this website, you can stay updated on the market, read Angel Research, and get alerts and notifications.
Angel SpeedPro Desktop Trading Software
Angel SpeedPro is a dedicated trading platform for your computer. You can download it on your laptop or desktop. This program makes trading easy because it puts everything in one place.
You can see real-time updates about the market, manage your investments, buy mutual funds, get live market data in Excel, and read the latest news and reports. With Angel SpeedPro, traders can quickly make trades and get instant reports.
Angel BEE mutual fund app
Angel One has a special app just for mutual fund investments called the Angel Bee App.
This mobile app has everything you need for mutual funds – whether you want to start saving regularly (SIP), invest a lump sum at once, or explore different types of funds like equity, balance, debt, or tax-saving schemes.
You can use the app to keep an eye on your mutual fund portfolio, see how different rating agencies like CRISIL, Morningstar, and Value Research rate the funds, and even invest without any paperwork.
The Angel Bee app also gives you recommendations for schemes using smart algorithms powered by ARQ.
Angel One Customer Support
| Trading Support:- Available, Chargeable | Dedicated Dealer:- Available, Chargeable |
| Customer Care:- 18001020 | Email Support:- [email protected] |
| Compliance Officer:- Call:- 08657864228 Email:- [email protected] | Head of Customer Care:- Call:- 08657864227 Email:- [email protected] |
| Website:- Angel One Website | |
| YouTube |
Angel One Vs 5Paisa Vs Zerodha Vs Upstox Vs Paytm Money
| 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 | 3 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | 0 | Flat Fee Rs 20 | 0 | 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 | 0.25% 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 | 0.02% or Rs 20 whichever is lower |
| Equity Options | 0.25% or Rs 20 whichever is lower | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity | 0.25% or Rs 20 whichever is lower | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Currency Futures | 0.25% 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 | NA |
| Currency Options | 0.25% or Rs 20 whichever is lower | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Rating | 4.5/5 | 4/5 | 4.5/5 | 4.5/5 | 4/5 |
Angel One Reviews & Rating by PaperTradingApp
Reviews of Angel one
Charges review
- The brokerage charges of Angel One are minimal even though they are a full-service broker.
- There are no charges for equity delivery and the charges are fixed for other segments.
- A standard plan is on offer, but it incurs more charges in the form of pay-per-order, etc.
Customer service review
- Generally, responses are delayed for email and call support.
- No option for raising a ticket.
- A bot support named “Angie” is available on the website.
- Many physical branches are available for customers’ convenience and for problem resolution.
Ease of use review
- User-friendly and technologically advanced trading platforms that make the trading and investing process seamless for customers.
- Angel BEE, their mutual fund investment platform offers only regular plans.
Angel One Rating
| Criteria | Ratings |
| Research & Advisory | 8.70 / 10 |
| Brokerage Charges & Fees | 9.60 / 10 |
| Products & Services | 8.90 / 10 |
| Trading Platform | 8.70 / 10 |
| Broking Experience | 9.10 / 10 |
| Overall Rating | 8.90 / 10 |
| Customer Rating (in stars) | 5 / 5 |
Why choose Angel One?
| If you are a trader Angel provides you with: | If you are an investor Angel One provides you with: |
| Free daily technical and derivative reports. | No fees for buying and holding onto stocks. |
| A fixed fee for trading on the same day and in derivatives. | Reports to help you make smart decisions. |
| The option to get loans against your shares. | A special place to learn more about investing. |
| ARQ is a smart tool for advice on stocks and mutual funds to beat the market. |
Angel one complaints chart
Angel One complaint at NSE
| 2023-24 | 2022-23 | 2021-22 | |
| Active Clients | 4856236 | 4281951 | 3657550 |
| Complaints | 482 | 746 | 1302 |
| Resolved through the exchange | 356 | 626 | 834 |
| Non actionable | 46 | 71 | 414 |
| Advised / Opted for arbitration | 0 | 2 | 0 |
| Pending for redressal with exchange | 80 | 47 | 54 |
| No. of arbitration filed by clients | 5 | 12 | 9 |
| Decided by the arbitrators in favor of the customers | 3 | 8 | 6 |
| Decided by the arbitrators | 0 | 2 | 2 |
| Pending for redressal with arbitrators | 2 | 4 | 3 |
Angel One complaint at BSE
| 2023-24 | 2022-23 | 2021-22 | |
| Active Clients | 453640 | 1155508 | 909986 |
| Complaints | 24 | 64 | 100 |
| Resolved through the exchange | 22 | 60 | 100 |
| Nonactionable | 4 | 29 | 20 |
| Advised / Opted for arbitration | 0 | 0 | 1 |
| Pending for redressal with exchange | 2 | 4 | 0 |
| No. of arbitration filed by clients | 0 | 1 | 1 |
| Decided by the arbitrators in favor of the customers | 0 | 0 | 0 |
| Decided by the arbitrators | 0 | 0 | 0 |
| Pending for redressal with arbitrators | 0 | 1 | 1 |
Conclusion
In conclusion, Angel One is the broker that offers a holistic trading platform for seasoned as well as newcomers in the field. They provide a friendly platform and transparent fees.
It is a platform that understands your goal of financial freedom and provides you with excellent features.
Though the platform still has a scope for improvement in the customer service segment, it remains a compelling choice for those seeking a holistic trading experience and a pathway towards their financial aspirations.
FAQs on Angel One
Check out different FAQs regarding to Angel One Review here.
1. Which banks are supported by Angel One for fund transfers?
Ans:- Angel One supports several banks for fund transfers. These include large banks like ICICI Bank, HDFC Bank, Axis Bank, SBI Citibank etc.
2. Does Angel One charge for withdrawal?
Ans:- There are no withdrawal charges in Angel One
3. Is Angel One safe or not?
Ans:- Angel One is a SEBI-registered stock brokerage firm and trading member of BSE, NSE and MCX. All transactions are executed through the broker, which is regulated by SEBI regulations, making Angel One a safe broker for trading and investing.
4. How does the angel brokerage calculator work?
Ans:- The Angel One brokerage calculator works using the following formula: Brokerage = (Number of shares sold/bought) x (Price of one unit of stock) x (Brokerage percentage/Flat Rate).
5. What are Angel One option trading charges?
Ans:- You can refer to the brokerage charges table above to know Angel One option trading charges for different segments.
6. Is Angel One good for beginners?
Ans:- Yes, Angel One is considered suitable for beginners. The platform offers a user-friendly interface, educational resources, and research tools that can assist novice investors in navigating the stock market. Additionally, Angel One provides a range of financial services, making it accessible for individuals at different levels of expertise.
7. How to close or deactivate Angel One Account online?
Ans:- To close or deactivate an Angel One account online, users typically need to log in to their account, navigate to account settings or customer support, and follow the provided instructions for account closure. It’s recommended to check the Angel One website or contact their customer support for specific guidance on the account closure process.
8. Who is the founder of Angel One?
Ans:- Angel One, formerly known as Angel Broking, was founded by Dinesh Thakkar. He established the company in 1987, and under his leadership, Angel One has grown to become one of the prominent stockbroking firms in India. Dinesh Thakkar has played a significant role in shaping the company’s trajectory and expanding its presence in the financial services sector.