Angel Broking Review 2022

Flag Traders in United States welcome

Angel Broking is an Indian brokerage with equities and derivatives trading on a range of markets at competitive prices.

InstrumentsForex, Stocks, Futures, Options
Demo AccountYes
Min. Deposit$0
Payment Methods
Min. TradeNo
Regulated BySEBI
MetaTrader 4No
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountYes
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Social TradingNo
Copy TradingNo
Islamic AccountNo
Account Currencies
  • INR
Forex TradingAs Angel Broking is an Indian brokerage, it is limited by regulation and can only support forex trading against the INR with USD, GBP, EUR or JPY.
Forex GBPUSD SpreadN/A
Forex EURUSD SpreadN/A
Forex EURGBP SpreadN/A
Forex Assets4
Risk Warning – Your capital is at risk

Angel Broking is one of the largest full-service retail trading brokers in India. Though targeted at Indian clients, Angel Broking accepts international Demat account applications. This 2022 review will discuss the broker’s platforms, fees, assets, bonuses and more, so you can make an informed decision about opening an account.

Angel Broking Headlines

Angel broking is an online share trading brokerage firm. Angel Broking Ltd (formerly Angel Broking Private Limited) was established in 1987 by founder Dinesh Thakkar, who is the current CEO. The broker’s head office is in Mumbai, India. However, the broker has a presence of over 1,000 offices across India, such as Kolkata and Kerala. It also has a user base of over 5 million.Angel Broking 2021 Review

The company offers financial products across equities, F&O, currencies and commodities. Angel Broking is dedicated to retail stock trading and is currently a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. The company’s target share prices can be viewed on Money Control. Additionally, Angel Broking is a SEBI registered stockbroker and a depository participant with Central Depository Services Limited (CDSL).

Trading Platform

Angel One Trade

Angel Broking One Trade is the broker’s proprietary stock portfolio tracker and online web trading platform. This platform allows you to invest in equities, commodities, currenciesbonds, mutual funds and initial public offerings (IPOs) all in one place. Users can also seamlessly move through investment accounts with an integrated wealth management platform where you can manage accounts of family members. The platform also enables market research with interactive charts. These features include:

Angel SpeedPro

SpeedPro is a desktop app and trading software that offers a single-window experience with trade monitoring capabilities. The platform is available for download from the Angel Broking website as a .exe file on Windows PC (inc. a Windows 10 app) or macOS. Features include:

Users can also access Angel One’s smart API for traders who want to build their own end-to-end platform and implement their own trading algorithms.

Angel Broking Assets

Angel Broking offers trading in equities, commodities, currencies, IPOs, mutual funds, futures and options. The broker only offers four currency pairs i.e. USD/INR, EUR/INR, GBP/INR & JPY/INR. Angel Broking also supports futures and options in agriculture, minerals and precious metals like gold and silver. The broker recently launched international investments for Indian traders. This means you can invest in US stocks with its Vested Finance partner.

Fees

Fees on Angel Broking are low and competitive. The brokerage charges a flat INR 20 or 0.25% fee (whichever is lower) on pre-executed orders on intraday, F&O, commodities and currencies, regardless of order size. There are no hidden charges on equity delivery trades. Additionally, there is a zero brokerage plan on AMC charges for the first year of opening the account under their Angel iTrade Prime Plans. Note that intraday charges are different from equity delivery charges and follow the flat INR 20 pricing model. Angel Broking has an annual maintenance charge of INR 240 on Demat accounts.

If in doubt, the brokerage offers a calculator tool that works out and compares brokerage charges for commodities, currency, equity futures and options, intraday and carry forward transactions. You can do this across different stock and commodity exchanges. The calculator also levies transaction charges, state-wise stamp duty, Securities Transaction Tax (STT), Goods and Services Tax (GST) and more.

The broker is very transparent with all additional fees on their T&Cs and website. There, you can find a breakdown of tax and regulatory fees, such as Security Transaction Tax (STT), SEBI charges and stamp charges.

Leverage

Compared to other international brokers, Angel Broking’s leverage limits are generous (up to 1:40) and vary depending on the asset. However, the trading margin requirement is considered low:

Users can access a margin calculator to calculate initial margin charges when trading futures and options. This reduces risks and protects the broker from misinformation on margins and leverage in an already risky trading environment.

Mobile Apps

Angel Broking’s mobile app is called Angel One and can be downloaded on the Google Play Store or Apple App Store. Its stock trading app is powered by ARQ technology, which is a rule-based investment engine. The app allows you to build and trade your portfolio from one single page.

Angel Broking withdrawal charges and graph analysis
Angel One Trading Platform

Unique versus the broker’s other platforms, the mobile app offers personalised suggestions and stock ideas via the ARQ. Members must complete KYC authentication and client onboarding when opening an account for their mobile app. The brokerage claims to have had 10 million downloads on their mobile app.

Payment Methods

Angel Broking offers the following deposit methods to fund your account:

How To Withdraw Funds From Angel Broking Accounts:

Angel Broking only allows you to withdraw money using the same card or method used to make a deposit. This is to prevent any money laundering.

Firstly, you have to log in to your Angel Broking app or website. Head to the menu icon and click the ‘Funds’ link. Find ‘Withdrawals’ and enter the desired withdrawal amount. Then you will need to confirm the request. Withdrawals take a minimum of one working day for the request to be processed.

Demo Account

Angel Broking offers a trial paper trading account. Users simply have to sign up for the Angel One Trial account for free. The demo account allows you to identify ticker symbols for stocks by reviewing securities while your account reflects virtual money. You can buy/sell securities at real-time market rates and get the latest stock market research reports.

Deals & Promotions

Opening a Demat account with Angel Broking offers plenty of discounts on fashion stores, entertainment brands, restaurants, member subscriptions and more. The broker can change its bonus offers every month so it is worth checking its website for any updates.

Regulation & Licensing

Angel Broking is licensed and registered with the Securities and Exchange Board of India (SEBI) under registration number INZ000161534. It is also a member of the CDSL, NSE, BSE, MCX and NCDEX.

Education

Angel Broking’s website has a dedicated space for educational and learning resources called the knowledge centre. Here, the broker shares comprehensive audios, articles and YouTube videos on topics that span intraday trading, how to trade derivatives, commodities, futures and options and income tax. Many of the topics include beginners guides and tips, such as online trading platform recommendations, which suit new traders who want to learn more about trading.

Account Types

Angel Broking offers four account types. The account opening process can take as little as 5 minutes and has no account opening charges on new accounts. Users have to strictly comply with KYC regulations by completing a form providing proof of identity, address and other documentation.

Demat Account

Angel Broking offers a free lifetime Demat account. This account is suited to traders that want to hold shares and other securities offered by the broker in an electronic format, without the need for any paperwork. Members can open as many Demat accounts as they wish. However, a DP charge of INR 20 per debit transaction applies.

Non-resident Indians (NRIs) can open a Demat account but they must abide by the rules of the Foreign Exchange Management Act (FEMA). Additionally, NRIs are charged a yearly maintenance fee of INR 450 plus tax.

Trading Account

A trading account provides an interface to buy and sell shares on the stock market, which differs from a Demat account that holds the investor’s securities. A trading account on Angel Broking allows you to trade all asset classes in one single platform.

Margin Account

This account is for members who want to trade on margin instead of cash. The margin account on Angel Broking is subject to leverage and margin requirements, which is a 40% initial margin and 50% maintenance margin under SEBI guidelines.

Intraday Trading Account

Angel Broking’s Intraday Trading Account is designed for day traders that want to buy and sell securities within one trading day. The broker offers several features on its platforms suited for intraday trading, such as 1:10 leverage, 30-day charts, margin calculators and delivery exposure calculators.

IPO Account

Opening an IPO account requires you to also open a Demat account to buy and sell shares. An IPO account allows investors to invest early before a company becomes successful and make immediate gains once the share is listed on the exchange.

Hybrid Accounts

Angel Broking offers a 2 in 1 account, which integrates a Demat and trading account. Therefore, when you buy shares through your trading account, it provides a seamless movement of funds into your Demat account. 3-in-1 accounts are offered by brokers, such as Angel Broking, that also have banking operations within the group.

Benefits Of Angel Broking

When comparing Angel Broking to competitors such as 5Paisa, ZerodhaSharekhanUpstox, Groww & Motilal Oswal, the broker has the following benefits:

Drawbacks Of Angel Broking

Angel Broking has some cons when comparing it to Etrade vs Sharekhan.

Trading Hours

angel broking desktop and mobile trading platforms
Angel Broking Mobile App

Angel Broking adheres to normal share market timings, which are 09:00 to 15:30 IST. After-hours trading is also available from 15:45 to 08:57 IST on the next trading day.

Customer Support

If you have a query, encounter a login problem or forgot your user ID web login,  you can contact Angel Broking’s customer care:

The broker does not offer a toll-free number nor does it have a WhatsApp group number.

Safety & Security

Angel Broking is a secure broker for day trading and investment. The company has an established history, legitimate licenses and registration with SEBI with no regulatory violations.

The CDSL has also introduced TPIN, which offers a more secure way to authorise action on their accounts. When you open a new account, the TPIN is generated by CDSL and forwarded to your registered mobile number and email ID.

Angel Broking Verdict

Angel Broking is one of the leading full-service and established brokers in India for good reason. It provides competitive low brokerage fees, no account opening charges, modern trading platforms, high leverage rates and a range of account types. The broker’s educational resources are great for new traders looking to get into trading. However, if you are not an Indian resident or an NRI, Angel Broking might not be the best broker for you. Instead, you should look into international alternatives that don’t impose additional taxes on foreign traders.

FAQs

Is Angel Broking Safe?

Angel Broking is a legitimate, reliable and secure broker that is registered with SEBI and a member of the CDSL, NSE, BSE, MCX and NCDEX. The broker has also not experienced any major regulatory violations and has an established history of over 30 years.

What Is The Minimum Deposit Requirement On Angel Broking?

Angel Broking has zero account opening fees and no minimum deposit requirements. This means you can open an account on Angel Broking for free.

Does Angel Broking Offer A Demo Paper Trading Account?

Yes. Angel Broking offers a demo account to try out its platform. Users simply have to sign up and register without placing real trades. Once your registration is authorised, log in to your account and you can view the simulated trading environment for free.

Is Angel Broking Suited For Beginners?

The broker offers a decent range of educational resources within its knowledge centre. Angel Broking also offers research, advisory services and a user-friendly interface. Therefore, Angel Broking is compatible with beginners.

Can A Foreigner Or Non-Resident Indian Open An Account At Angel Broking?

Yes. NRIs can only sign up with a 2-in-1 NRI trading and NRI Demat account. This allows foreign investors to buy and sell securities across BSE & NSE. However, NRIs would need a PIS Certificate, NRE & NRO bank accounts to trade. Additionally, NRIs have a higher yearly maintenance charge of INR 450, debit transaction charges and account opening fees.

Accepted Countries

Angel Broking accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Compare Angel Broking

Compare Angel Broking with similar brokers that accept traders from your location. Among available brokers these are the most similar to Angel Broking:

  1. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  2. Moomoo – Moomoo is an app-based stock broker that offers trading in US, Hong Kong and Chinese shares. Clients can get started with a sign-up bonus and $0 minimum deposit.
  3. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  4. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.79% of retail CFD accounts lose money.

Angel Broking Comparison Table

Compare Angel Broking With Similar Brokers
Angel Broking IG Group Moomoo Forex.com eToro
Rating 4.4 3.8 4.5 4.1
Markets Forex, Stocks Forex, Stocks, Commodities, Crypto Stocks Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $0 £250 $0 $100 $10
Minimum Trade No 0.1 lots No minimum $1 $10
Regulators SEBI FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin SEC, FINRA, MAS CySEC, IIROC, NFA, CFTC, FCA, CIMA FCA, CySEC, ASIC, FSA
Bonus Get up to 15 free stocks worth up to $2000 No
Education No Yes No Yes Yes
Platforms MT4 MT4
Leverage 1:30 1:200 None
Payment Methods 3 6 2 8 14
Detailed Comparison Angel Broking vs IG Group Angel Broking vs Moomoo Angel Broking vs Forex.com Angel Broking vs eToro
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Compare Trading Instruments

Compare Angel Broking Trading Instruments
Angel Broking IG Group Moomoo Forex.com eToro
CFD No Yes No Yes No
Forex Yes Yes No Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes No Yes Yes
Oil No Yes No Yes Yes
Gold No Yes No Yes Yes
Copper No Yes No No Yes
Silver No Yes No Yes Yes
Corn No No No No Yes
Crypto No Yes No Yes Yes
Futures Yes Yes Yes Yes No
Options Yes Yes Yes Yes No
ETFs No Yes Yes No Yes
Bonds No Yes No No No
Warrants No No No No No
Spreadbetting No Yes No No No
Volatility Index No Yes No No Yes

Angel Broking vs Other Brokers

Compare Angel Broking with any other broker by selecting the other broker below.

Angel Broking vs
Angel Broking is an Indian brokerage with equities and derivatives trading on a range of markets at competitive prices.