Angel Broking (now called Angel Broking Limited), headquartered in Mumbai, is an IndianFull Service Stock Broking company established in the year 1987.
With the recent pivot towards flat brokerage charges, Angel Broking comes out as a much more value-for-money oriented stockbroker.
With low brokerage charges, you get free research, tips, and the offline presence of a full-service stockbroker, which is rare.
Let’s have a quick look at the different aspects of this stockbroker for you to decide whether it is good enough for you or not.
Angel Broking Review
Angel Broking is adepository participant with CDSL and is a member of the Bombay Stock Exchange (BSE),National Stock Exchange (NSE), National Commodity & Derivatives Exchange Limited (NCDEX), and Multi Commodity Exchange of India Limited (MCX).
“Angel Broking boasts of an impressive 10,09,199 active clients by 2020-21 this financial year.”
Listen to this podcast of Angel Broking here:
The company has been recently awarded the “Fulcrums of Commodity Derivatives Market” award by MCX for FY 2018-19.
Angel Broking management has recently announced that they are going to come up with an initial public offering in the next few months in the range of ₹600 Crore. For more information, check this detailed review onAngel Broking IPO.
Dinesh Thakkar, Managing Director
“Angel Broking is known for the wide offline presence that it has been able to capture in the last three decades of its establishment.
Started as a small broker, Dinesh Thakkar has been a remarkable personality in taking this full-service stockbroking house to multiple levels of growth.”
Angel Broking Products
Angel Broking primarily provides financial services to retail clients. Having an account with the stockbroker provides traders the opportunity to invest in the following investment products:
Angel Broking offers its clients the opportunity to trade in the commodity segment through MCX and NCDEX. In Commodity trading, traders carry out trade in commodities, such as:
You’d need to open a separate commodity trading account to carry out your investments in this particular trading segment.
Angel Broking – Investing in IPOs
There are a couple of ways in which you can invest in IPO (Initial Public Offerings) using Angel Broking services. Here are those listed:
The online process is pretty easy using the desktop trading application or the mobile app when it comes to IPO applications. You can also edit or modify your application using these trading platforms.
Then, there is the offline way in which you can visit the sub-broker or franchise office of this full-service stockbroker, fill in the ASBA Form, provide information such as Bank account information, a PAN Card, andDemat account.
Angel Broking fund transfer is one of the finest services offered by the stockbroker. There are 4 different ways through which clients can transfer funds from their bank account to their trading account.
Below are the 4 ways through which Angel Broking online fund transfer can be executed:
Angel Broking Trading Platform
You can transfer funds to your trading account using any of the trading platforms such as Angel Broking Web, Angel Broking Mobile App, or Angel Speed Pro.
Using these softwares, you can transfer funds from more than 40 banks in India through the payment gateways provided.
Remember, there is a small fee associated when you use payment gateways for fund transfer.
Angel Broking app is a comprehensive mobile trading app by the stockbroker. Powered by the Hi-tech auto advisory engine – ARQ, the app packs quite a punch with all the exciting features it has on offer.
ARQ helps users to stay invested in the top-performing stocks and mutual funds, while the smarter trading platform makes online trading pretty simple.
There are few innovative features such as faster stock-tracking with multiple watch lists, auto news updates & real-time fund transfer-ability through multiple banks.
Here are some of the features of the Angel Broking mobile trading app:
Live Market Data – A trader gets access to market data in real-time such as live stock prices, emerging trends, etc.
Angel Broking Trade is the web based trading platform by the stockbroker. The platform can be accessed from – trade.angelbroking.com.
Angel Broking web based trading platform has been in the service of traders for a while now. The user does not need to install anything while using this platform and can trade directly through a web browser.
Some of the features of Angel Broking web trading platform include
Track Portfolio – On Angel Broking Trade app, a trader can track investments across all asset classes and for your entire family from a single place
Research – Traders get access to the latest market data, news as well as Angel Broking research reports which will help them analyze the stocks better, and manage risks accordingly.
User Friendly – Easy to use & intuitive navigation with custom authentication for added security.
Notifications – A trader can set alerts on investments and get notified through email or SMS, as soon as an opportunity, or deadline arrives.
Ease of Trade – Trade from the comfort of your home with the high speed trading platform. Shuffle between multiple exchanges, and enjoy easy access to live streaming quotes.
Angel Speed Pro is the desktop trading platform by the stockbroker. The app can be downloaded from the Angel Broking website and installed on a laptop, PC, desktop.
Some of the features of Angel Speed Pro include:
Live Market Watch – Traders can keep track of multiple stocks by adding them to their watchlist. Further, the traders can customize their watchlists as per requirements
Extensive Data – 30 days intraday and 20 years historical data with 70 + studies for advanced technical analysis
Real-Time Rate Update – The feature of real-time market updates on Angel Broking Speed Pro ensures that traders never miss out on trading opportunities.
Portfolio – A trader can manage all of the investments in their portfolio. Analyze purchase prices, day’s gains and losses per stock, and the overall profit loss at a single glance
Integrated News Flash and Reports – Angel Speed Pro has a feature of live news flash and research reports which ensures traders take note of any upcoming opening . The Research reports will assist traders in making a more refined decision.
Angel Bee (previously called Angel Wealth) is basically an investment management mobile app from Angel Broking.
The app allows you to plan out your investment goals, provides you with recommendations for investments in equity and MF based on ARQ – the automatic investment engine from this full-service stockbroker.
Some of the features of Angel Bee are:
Shows your current holdings and positionings across different financial products
Allows you to open a Big savings account which gives potentially higher returns as compared to a standard savings account.
The mobile app is sleekly designed and is optimal for beginner users as well.
Full-service stockbrokers generally charge higher brokerage values because of the range of services they offer to their clients, and Angel Broking is no exception.
Although Angel broking brokerage charges are reasonable if the initial deposit is fair enough.
Further, there are other charges such as Angel Broking account opening charges, Angel Broking transaction charges, etc.
In this Angel Broking review, we take a look at all the charges related to the account:
Angel Broking Account Opening Charges
Angel Broking account opening charges include – Demat and Trading account opening and account maintenance charges.
One of the biggest attractions of having an account with the stockbroker is the prospect of a free Demat account in Angel Broking, wherein a trader doesn’t have to pay a penny for opening an Angel Broking 3 in 1 Demat account.
Angel Broking Account Opening Charges
Angel Broking Account Opening Charges
Trading Account Opening Charges
Demat Account Opening Charges
Trading Account Annual Maintenance Charges
Demat Account Annual Maintenance Charges
Being a full-service stockbroker, it charges its clients a percentage-based commission. This basically implies that depending on your trade value a specific percentage will decide the actual brokerage you are going to pay for that particular trade.
For instance, if you are trading for ₹1,00,000 at the delivery level and your brokerage percentage is 0.40%, that would mean you are going to pay ₹1,00,000 X 0.40% or ₹400 as the brokerage for that particular trade.
Angel Broking Brokerage Plan
Angel Broking is known to provide best in industry brokerage rates. The stockbroker has come up with a new flat fee brokerage plan by the name Angel Broking iTrade to suit any and every type of trader.
All the details of this Angel Broking brokerage plan are listed below:
Apart from the brokerage charges, you, as a client are also required to pay few taxes and transaction charges. Generally, these charges are at a percentage level and depending on your trade value, the actual monetary value gets calculated.
In case you are looking for margin in your trades across segments, Angel Broking is one of those few stockbrokers in India that provides one of the highest margin values. This holds true, especially for intraday and derivatives trading.
Please refer the below table to find details on the Margin provided:
Angel Broking Margin
Approx 8 times for majority of the stocks - Delivery Upto 48 times for the approved stocks - Intraday
20 times for Index and 10 times for stocks
60 times for selected contracts
Premium Levied by the Exchange
6 times for Option buy and 60 times for option sell for selected contracts
Angel Broking Offers
The stockbroker regularly comes up with exciting offers from time to time. Some of the currently run Angel Broking offers are:
Angel Broking, being a full-service stockbroker, has higher expectations from its client base when it comes to quality and speed of resolutions.
The broker provides the following communication channels for clients in order to reach out to it:
Angel Broking Customer Care Number
Online Customer Service Centre
Offline Branches (Sub-brokers and Franchise offices)
When it comes to the ground reality though, Customer Service is one of the biggest concerns for this full-service stockbroker.
Be it any aspect such as Quality of Service, Communication, Time taken for issue resolution – the service level is below average.
Thus, it becomes super-important for this full-service stockbroker to make sure their service lives up to the brand they are looking to create for their clients.
Angel Broking Research
Angel Broking research is considered by many, especially novice traders, investors to be their most appealing feature. The research reports help them in gaining information and analyze various stocks, businesses .
In total there are 2 types of Angel Broking research reports.
Here in this Angel Broking review we learn about the research facility extended by the stockbroker:
Angel Broking Fundamental Reports – These reports help traders conduct a fundamental analysis of stocks. A trader is provided with a list of best stocks, detailed company reports, IPO reports and a daily market performance report.
Angel Broking Technical Reports – These assist traders in conducting a thorough technical research of stocks. Further, there are 3 types of Angel Broking research technical reports – Daily, Weekly and Rollover reports.
Angel Broking Advantages
There are some benefits of opening your demat and trading account with this full-service stockbroker. Here in this Angel Broking review, we list a few:
Well Established Name – Angel Broking is one of the biggest full-service stockbrokers in India. The stockbroker is among the top 7 brokers in terms of NSE active client base.
Trading Platforms – The platforms offered by the stockbroker are based on advanced technology ever-evolving trading platforms across devices.
Automated Investment Engine – Introduction of new investment engine, ARQ that helps clients with stock predictions.
Vast Investment Options – A wide range of trading and investment products offered to clients be it Equity, Commodity, Currency,Angel Broking PMS, Insurance, Mutual funds, IPO etc.
Fund Transfer Facility – Funds transfer provision available to more than 40 banks in India.
Offline Presence – Huge offline presence with its sub-broker and franchise offices.
Research – A prominent team of research experts providing market research reports, recommendations and tips. Angel broking research is regarded as among the best in industry
High Margin – High margin values offered, especially if you are an intraday trader.
Trusted Brand – Large brand equity with a high trust factor gained from its client base.
Ease of Investing in Mutual Funds – Easy Mutual fund investments through recent initiatives such as Angel Bee.
Hassle Free Account Opening Process – Completely online account opening process with minimum hassles for traders.
Angel Broking Disadvantages
Well, there have been few concerns raised by different customers with their experiences. We have listed some of the Angel Broking Disadvantages below:
Customer Service – Customer service has a relatively higher turnaround time
Fund Transfer Facility – Funds transfer from your trading account to a bank account is a relatively cumbersome process and is not directly available through online platforms.
Call and Trade – Angel Broking charges for trades placed through their call and trade facility.
“Angel Broking has received around 41 complaints for the financial year 2019-20 at BSE and NSE. The complaint percentage stands at 0.01% while the industry average is 0.01%.”
In order to perform eKYC (e-Know Your Customer), you need to provide some basic documentation to the broker along with performing an IPV i.e. in-person verification.
However, if you already had done your eKYC with some other stockbroker, then you do not need to go through this process.
At the same time, Angel Broking has a DKYC process as well, where the complete documentation and verification process can be done online. In this format, there is no physical or manual verification is part of the process.
This brings in ease, efficiency and convenience to both the sides.
Angel Broking Membership Information
Here is the membership information of the broker with different exchanges and intermediate parties:
The details can be verified from corresponding websites of the exchanges.
Established in 1987, Angel Broking is one of the earliest full-service stockbrokers of India, and enjoys trust among traders.
This can be seen from the fact that they rank number 4th in terms of active clients with the number going upwards of 10 lakh. In addition, the stockbroker has physical branches in more than 900 cities of the country.
Angel Broking offers its clients vast options when it comes to providing trading platforms. They have trading platforms available for desktop, mobile as well as a web based trading platform.
All of which score well on user experience, performance, exhaustibility. However, it is their automated investment engine, ARQ which is the USP of the stockbroker.
Although, it has shown a good amount of growth as far as technology is concerned, however, there is a lot that it can work upon when it comes to Customer Service.
This particular area definitely needs immediate attention from the broker.
To conclude this Angel Broking review, this broker has been doing a reasonable job when it comes to areas such as Technology, Research and offline assistance.”
Angel Broking FAQs
Here are some of the most frequently asked questions by existing and potential clients of this stockbroker
What is Angel Broking?
Angel Broking is a full-service stockbroker that provides you with an environment to trade in the Indian stock market across different investment products.
The broker offers you multiple services in terms of research, trading platforms, customer support, education, local help so that you can invest your capital.
The broker is based out of Mumbai and has a presence with more than 11,500 offices in different parts of India. It was established in 1987.
2. How Angel Broking works?
The broker works in a pretty straight-forward way. Its business model is based on the commissions generated from the trades placed by its client in the stock market.
As a trader or investor places his money in the stock market, there will be a small percentage of commission or brokerage that Angel Broking will charge.
This brokerage collectively from all its client base becomes the revenue the broker generates.
It is also involved in institutional trading, however, its scale is much smaller as compared to retail trading.
3. What is the meaning of Angel Broking?
There is no specific meaning attached to the brand name Angel Broking. It is just the registered name of the company that operates as a stockbroker in India.
4. How easy is it to open an Angel Broking account?
It is pretty easy toopen a demat account with this full-service stockbroker, especially if you have Aadhar card. The account with this full-service stockbroker can be opened within 4 hours, ideally.
5. Can students open a demat account in angel broking?
Yes, students can certainly open a demat account. At the same time, an income statement is a mandate to activate your demat account.
If you do not have any income then there are other alternatives. Please fill in the form above to know more.
6. Can I invest in IPOs with Angel Broking?
Yes, IPO investment is possible.
7. Is there any Angel broking windows phone app?
No, as of now the broker provides the only android and iOs version of mobile apps.
8. What is Angel Broking Eye?
It is the web-based trading platform from the full-service stockbroker. It can be accessed from any device and any browser. This web app is now known as Angel Broking Web.
9. What is Angel Broking ARQ?
ARQ is an automated recommendations engine introduced in 2016 by the full-service stockbroker.
The broker claims that this engine runs on millions of data points and recommends stocks and investment products to clients based on their risk appetite, investment preferences, demographic information and more.
10. What is the employee strength of Angel Broking?
More than 7000. However, in the recent past, the broker has seen a lot of changes in its top management to go along with high attrition in the last 1 year or so.
11. How is Angel Broking Research?
The broker has been known for high-quality research with their expert team in the past. Recently, the broker has seen 2 heavy exits with two major research heads leaving the company (one each in technical and fundamental research).
Thus, with the new team, the broker needs to prove its mettle in the coming time.
12. What kind of brokerage plans are offered by Angel Broking?
There are four plans offered by the full-service stockbroker – Classic, Preferred, Premier, and Elite. Your brokerage percentage is decided based on the plan you pick, which is further based on your initial trading amount deposit.
₹0, based on the initial trading deposit you provide to the broker.
14. What are Angel Broking Demat Account Annual Maintenance Charges?
₹450. The amount can be further levied if you start with a reasonable trading account balance (at least ₹50k). However you can get an exemption from paying AMC charges under certain plans, thus you can enjoy the benefit of free demat account with no annual charges.
15. How is Angel Broking Customer Care Quality?
Although this is a full-service stockbroker, it falls very short when it comes to delivering quality through its customer service.
It has multiple communication channels such as Email, Toll-free number and support by the call but on the ground, the quality of communications, skill set of executives and turn around time can be improved.
16. How many complaints have been registered against Angel Broking by its clients?
There have been 149 complaints officially registered against this full-service stockbroker at NSE this year and the broker has kept a 100% resolution success rate in the recent past.
Furthermore, Angel Broking goes hand in hand with a 0.02% complaint rate implying 2 out of 1000 clients file a complaint.
If you are looking to close your account, you will be required to fill in the account closure form, clear all the dues (if any) and submit this form either to your local sub-broker or you can send it to the customer support of the broker.
Once all the formalities are completed, the account closure process generally takes 2-3 business days.