Their Demat account services have been considered by many to be among the very best of the business.
Walking that line, here in this piece, we will be covering each detail, including – all the perks and privileges along with the charges involved.
How To Open Free Demat Account In Angel Broking?
Opening a Demat Account in Angel Broking can be as simple as a child’s play, well not exactly but you get the point. There are a couple of formalities involved in regards to providing the documentation and personal details.
But, apart from that, the process follows the below mentioned four clear steps which include :
To register yourself for opening a Demat Account with Angel Broking visit our website to fill the registration form
After you submit the form, you will receive a One Time Password (OTP) on the mobile number you mentioned in your form
Next, you will be required to submit your DOB, email address, bank account details and PAN details
All your Demat Account details are sent to your email.
Well, that pretty much is it. Follow the above steps to open a free Demat account in Angel Broking.
Documents For Free Demat Account In Angel Broking
Following is the list of documents that you will require for opening free Demat account in Angel Broking :
PAN Card: this is a mandatory document and the Demat account cannot be opened without it
Identity Proof – Any of the following can be employed as ID Proof – Aadhaar Card, Driving License, Passport, Voter ID, Ration Card,
Address Proof – Address proof can be same as the ID proof but the address should be mentioned, Electricity Bill, Telephone Bill, College Id Card with mention of Hostel Address
Income Proof – 6 months bank statements or copy of ITR filed
Free Demat Account Charges In Angel Broking
Following are the various charges imposed by Angel Broking on its clients who opt for Demat Account services :
For subscribing to this offer you will be required to pay a one time fee of ₹2500.
Benefits of Angel Broking Free Demat Account
Trust Factor – Angel Broking boasts of more than 30 years of experience in the arena and counts over a million investors among their esteemed clients. Trust, after all, is a major factor.
Assistance – Angel Broking is a full-service brokerage house that offers full technical and research assistance. Setting up a free Demat account with them will get you market research tips, reports etc.
Customized Brokerage Plans – Angel Broking provides its clients with the privilege to devise customized brokerage plans as per their requirements.
Reasonable Charges – Another aspect that appeals to a fair amount of investors is the fair and reasonable charge levied on various types of trade. They charge Rs 20 per trade for Intraday, Futures and Options. Same goes for Currency and Commodity trading, whereas Equity delivery has been exempt from any charges at all.
Automated Engine – By opening a free Demat account with Angel Broking you get access to the unique automated engine ARQ which has been developed by them.
The engine assists investors in making better investments by offering tips, recommendations to meet an individual’s personal requirements.
The algorithm of the engine analyzes vast data (we’re talking millions here) and judges potential of a trade by accounting in the performances from the past.
Disadvantages of Free Demat Account In Angel Broking
Anything that has an upside is bound to have a downside as well. Not exactly, downsides, but there are challenges involved in the setting up process and operations of free Demat Account In Angel Broking :
Annual Maintenance Charges (AMC) – One of the prime disadvantages of a Demat account is having to pay maintenance charges every year. The number of transactions doesn’t matter, you can make hundreds or choose not to make even a single one, AMC charges will have to be paid.
However, you can choose to avail of the offer that exempts you from paying AMC charges by paying a one time fee.
No Brokerage Calculator – Another disadvantage of having a Demat account with Angel Broking is the absence of a brokerage calculator.
3 in 1 Account – Angel Broking doesn’t offer a 3 in 1 account. They offer a 2 in 1 account which includes trading and Demat accounts.
Also, if you already have a Demat account and want to transfer its share from one broker to another broker, you can do this with Demat Account Transfer.
Angel Broking is one of the finest full-service brokerage houses in the country who have won a number of awards/recognitions in the 30 years of service since their inception.
Opening a Free Demat Account in Angel Broking has its own list of benefits and with proper knowledge that may be attained over time, one can utilize it to their maximum benefit.
Free Demat Account Opening procedure is smooth once you have the mandatory documents as mentioned by the broker and can be instantly set up.
Once your account is set up, you are all set to start trading shares.
In case you are looking to get started with stock market trading, we can assist you in the process ahead: