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AngelOne - An Honest Broker Review 2023

How AngelOne Changed the Game This Year

In this broker review, Tradingcritique.com reviews all aspects and covers all areas of the AngelOne to get a crystal-clear picture. AngelOne is a brokerage company that offers full trading and investment services at the same cost. It provides accurate and widespread data for each online trader. It covers the Indian brokerage industry with an independent database on the web.

Table 1:AngelOne Overview

AngelOne Highlights

Regulated By

The Securities and Exchange Board of India

(SEBI)

Account Types

Demo Account

Trading Account

Margin account

Intraday trading account

IPO account

Demo Account

YES

Market Assets

Commodities

Currency

Equity

Options and Futures

Trading Platforms

AngelOne App

AngelOne Trade

Angel SpeedPro

AngelOne ARQ Prime

AngelOne International Investments

AngelOne streak

AngelOne small case

AngelOne sensibull

Angel BEE

Investment options

Corporate Bonds

Sovereign Gold Bond (SGB) Scheme

Tax-Free Bonds

NCD

Capital Gain Bonds

Tax Saving Bonds

Loan Against Share

Customer Support

24/7

AngelOne Broker Review –An Intro

AngelOne offers a separate platform for every facility such as mutual fund investment, education, trade, reports, and research. It invests in small cases with free cost. It offers lifetime free delivery of equities.

Image 1: Home page on AngelOne website

Screenshot from the Home page of AngelOne broker website

Image Copyrights reserved to AngelOne

Regulations and Trustability Review of AngelOne broker

AngelOne was established in 1996, founder by Dinesh Thakkar. It is regulated by the SEBI. AngelOne Limited was formerly known as Angel Broking Limited. The headquarters of the AngelOne is located in Mumbai in India. It was running successfully for more than 30 years. It offers online trading to both resident and non-resident Indians. The NRIs are allowed to trade equity derivatives, stocks, and IPOs through the Demat and trading accounts linked to each other.

It is a member of the Metropolitan Stock Exchange of India (MSEI), Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and NCDEX & MCX and is also registered as a Depository Participant with CDSL. It provides numerous platforms to retail clients, assisting in the development of knowledge and competence in the trading business over a two-decade period. It is the most secure online stock trading platform. It also offers Portfolio maintenance service, technical analysis, Free Demat Account, Zero brokerage, and top-class customer service.

Table 2: Regulations and Trust ability of AngelOne

Regulated by Registration number Company name Headquarters

The Securities and Exchange Board of India (SEBI)

INZ000161534

AngelOne Limited

Mumbai,

India

Registrar of Companies (ROC)

L67120MH1996PLC101709

Central Depositary Services (India) Limited

IN-DP-384-2018

Portfolio Management Services (PMS)

INP000001546

Association of Mutual Funds in India (AMFI)

ARN-77404

Pension Fund Regulatory & Development Authority (PFRDA)

19092018

Review on Awards won by AngelOne broker

AngelOne is rewarded in all categories like retail broking house, largest distribution network, Commodity broker, trading application, optimization engine, and so on. Some of the awards are listed below:

Table 3: AngelOne Awards

 

Awards Awarded By

Best Retail Broking House award 2009

BSE IPF-D&B Equity Broking Award

Best Retail Broking House Award 2009

BSE IPF-D&B Equity Broking Awards

Broking House with Largest Distribution Network Award 2009

BSE IPF-D&B Equity Broking Awards

Best Mobile trading application 2014

Global Marketing Excellence Award

MCX Commodity broker of the year award 2017

Broking House with Largest Distribution Network award 2014

BSE-IPF D&B Equity Broking Awards

Silver for Insights & Research in the BFSI sector 2021

Digi XX 2021

Silver for Best Use of Organic Search 2021

Digi XX 2021

Bronze for Best Content Marketing in the BFSI sector 2021

Digi XX 2021

Social Media Campaign of the Year 2021

Digi Grad

Gold Trophy for the Best Fintech Marketing Campaign 2021

IPRCCA

Silver Award in Most Consistent Excellence in Digital Publishing of Content 2021

India Digital Awards, IAMAI

Best Search Engine Optimization in the Equity Broking Sector 2021

Resulticks BFSI Digital Stallions Awards

Best Customer Education Initiative in the Equity Broking Sector 2021

Resulticks BFSI Digital Stallions Awards

Mobile Advertising Excellence Award in Use of Video

MOBEXX Awards by Ad gully

 

Image 2: Awards of AngelOne 

Awards won by the AngelOne broker shown on the AngelOne broker website

Image Copyrights reserved to AngelOne

Market Assets and Products Review of AngelOne broker

Investors can invest in options, futures, currency, commodities, and equity through various platforms of AngelOne. The products in the baskets are:

Options & Futures

Currency

Table 4: Charges for currency options and futures in AngelOne

AngelOne Charges Currency Options Currency Futures

Transaction Charges

NSE: 0.035 %

BSE: 0.001% - Options Premium Value

NSE: 0.0009% - Futures Turnover Value

BSE: 0.00022% - Futures Turnover Value

Brokerage

₹ 20 / Order Or 0.25%

₹ 20 / Order Or 0.25%

SEBI Charges

₹ 10 / Crore

₹ 10 / Crore

GST

18% - Brokerage, Transaction, SEBI Charges

18% - Brokerage, Transaction, SEBI Charges

Stamp Duty Charges

0.003% - Premium Value (Buyer)

0.0001% - Total Turnover Value (Buyer)

STT

No STT

No STT

Commodities

Table 5: Charges for commodities options & futures in AngelOne

AngelOne Charges Commodity Options Commodity Futures

Transaction Charges

0.05% - Premium Value

Non-Agri:
0.00210% - Turnover for A Category [Near & Next Month TO]
0.0013% - Turnover for A Category [FAR Month TO]
0.00175% - Turnover for B Category

Agri:
0.006% - Turnover for A Category
0.002% - Turnover for B Category
0.0001% - Turnover for C Category

Special Charges for Following Scrips:
0.0005% - Turnover For CASTORSEED
0.0005% - Turnover For KAPAS
0.00005% - Turnover For PEPPER
0.001% - Turnover For RBDPMOLEIN

Brokerage

₹ 20 / Executed Order Or 0.25%

₹ 20 / Executed Order Or 0.25%

SEBI Charges

₹ 10 / Crore

₹ 10 / Crore

GST

18% [SEBI Charges Brokerage,]

18% [Risk Management Fee, Brokerage, Transaction Charges, SEBI Charges]

Stamp Duty Charges

0.003% - Turnover Value (Buyer)

0.002% - Turnover Value (Buyer)

CTT

0.05% Only - Sell Side

0.01% Only - Sell Side- Non-Agri

Risk Management Fee

NA

Agri: 0.005% - Fresh Overnight Open Interest Position

Equity

Table 6: Charges for Equity options, futures, intraday & delivery in AngelOne

AngelOne Charges Equity Options Equity Futures Equity Intraday Equity Delivery

Transaction Charges

NSE: 0.053% - Premium Value

NSE: 0.00195% - Total Turnover Value

NSE: 0.00335% - Turnover
Value (Buy & Sell)
# NSE: 0.00275% - Turnover Value (Buy & Sell)

NSE: 0.00335% - Turnover
Value (Buy & Sell)
# NSE: 0.00275% - Turnover Value (Buy & Sell)

Brokerage

₹ 20 / Executed Order Or 0.25%

₹ 20 / Executed Order Or 0.25%

₹ 20 / Executed Order Or 0.25%

Zero Brokerage

SEBI Charges

₹ 10 / Crore

₹ 10 / Crore

₹ 10 / Crore

₹ 10 / Crore

GST

18% [SEBI Charges Brokerage,]

18% [SEBI Charges Brokerage,]

18% [SEBI Charges Brokerage,]

18% [SEBI Charges Brokerage,]

Stamp Duty Charges

0.003% - Premium Value (Buyer)

0.002% - Turnover Value (Buyer)

0.003% - Turnover Value (Buyer)

0.015% - Turnover Value (Buyer)

STT

0.01% Only on Sell.

0.01% Only on Sell.

0.025% Only on Sell.

0.1% On Both Buy & Sell.

Demat Transaction / DP Charges

No Charges

No Charges

No Charges

₹ 20 / Scrip Only on Sell.

Other Investment Options Review of AngelOne broker

AngelOne offers services other than options, currency, futures, equity and commodity are provided below:

Corporate bonds

Sovereign gold bond (SGB) scheme

AngelOne provides the sovereign gold bond (SGB) scheme, which enables investors who desire to invest in gold but don’t want the trouble of buying actual gold to do so without having to deal with it. It is the substitute the physical gold in which you can purchase gold but cannot physically hold the gold that the bond redeemed in cash.

Tax-Free Bond

Bonds offered by AngelOne are tax-free and a secure form of investment. These bonds have two different market prices that can be used to sell them before they mature: tax-free and tax-saving. There is no need to worry about liquidity because it offers consistent, tax-free investment income.

NCD

A financial instrument known as a non-convertible debenture is one that corporations issue for a set period of time in order to raise money. This instrument cannot be converted into equity which can be traded on stock exchanges. Interest can be earned annually / monthly/quarterly and cumulative. The maturity principal amount of the NCD is paid to the holder.

Capital gain bonds

AngelOne offers capital gain bonds which are the Investment in section 54EC bonds also known as capital gain bonds which are used for tax deductions in the future under section 54EC of the IT Act. Selling an asset, such as real estate, stocks, or land, can result in a profit known as a long-term capital gain. You should pay tax for such gains. You can reduce the liability of these taxes by using capital gain bonds. The annual income from the interest earned on this bond is guaranteed by the government of India.

Tax-Saving bonds

Tax-saving bonds provide low-risk, high-return investments and save taxes. For investors seeking security and a steady stream of income, these bonds are ideal. In exchange for an investment, a bond promises its holder rewards. It offers special tax benefits which reduce a portion of their overall tax and also earn an attractive rate of interest on these bonds.

Loan against shares

A loan against shares is a secured form of loan against the securities held in the account. It allows you to pledge your securities as collateral to avail of a loan which prevents you from selling your securities during a market down. So, the ownership can be maintained on your investment. You can repay the loan by transferring the outstanding amount with interest in favor of AngelOne. You can receive a loan up to Rs 10 crores against shares, mutual funds, and insurance policies at a convenient interest. Interest can be paid according to the amount you have used.

Trading platforms Review of AngelOne broker

AngelOne offers a wide range of platforms across browsers, web, and mobile for executing buy and sell orders.

AngelOne Trade

This browser-based web trading tool can automatically update the exchange rates. On this platform, traders and investors are permitted to access markets using various terminals. It was created and manages a vast portfolio in addition to having top-notch trading tools that make transactions simple.

Image3: AngelOne trade platform

The screenshot of the Home page of the AngelOne trade platform on the AngelOne broker website

Image Copyrights reserved to AngelOne

AngelOne App

This Mobile trading platform is very helpful for smartphone users. The traders can trade through phone whether it is android or iOS which allows them to trade the equity, currency, and commodity in markets. This app provides an excellent platform for traders and investors. This app provides live headlines, numerous watch lists, order summaries, research reports, margin statements, holdings, and real-time charts.

Image 4: AngelOne app

The screenshot of the Home page of the AngelOne app on the AngelOne broker website

Image Copyrights reserved to AngelOne

AngelOne Speed pro

This desktop trading software gives investors access to the market through numerous terminals and provides automatic market updates. 

Image 5: AngelOne speed pro platform

The screenshot of the Home page of the AngelOne Speed Pro platform in the AngelOne broker website

Image Copyrights reserved to AngelOne

AngelOne ARQ Prime

AngelOne ARQ Prime is an investment advisory engine that is tech-based that can offer personalized recommendations to investors. This tool analyzes the investor’s risk preference and then provides excellent advice according to the risk level.

AngelOne Streak

The strategies used in the AngelOne are accessible and affordable to each trader and investor. It can easily scan the entire stock market in a second. It provides an instant alert facility throughout the day.

AngelOne Small Case

AngelOne Small Case invests in various stocks which protects the traders against volatility and risk factors. It was developed by leading finance experts in India and backed by Solid Research. All the activities such as dividends and stock performance stayed in control

AngelOne Sensibull

AngelOne Sensibull presents the trader with strategies for dollars and nifty options. Traders can get SEBI-registered expert advice on a real-time basis. It provides a demo account so that traders can practise trading without putting actual money at risk. Trading strategies can be altered by traders. The AngelOne sensibull is perfect for newcomers because the platforms are easy to use.

Angel BEE

Angel BEE is a mobile application that performs research on mutual funds. SIPs are used to make a paperless investment in the AngelOne.

Tools Review of AngelOne broker

The advanced capabilities available on AngelOne’s other platforms include a Brokerage calculator, a smart store, a smart buzz, a smart money feature, and a smart API.

AngelOne SmartAPI

AngelOne SmartAPI helps the traders to build the trading platform and access the traders to trade without a brokerage license. But you must know about software development and programming to use this SmartAPI platform. You can create a trading platform by using this cost-free platform.

Image 6:AngelOne smartAPI App

The screenshot of the Home page of the AngelOne smart API app in the AngelOne broker website

Image Copyrights reserved to AngelOne

AngelOne Smart Money

AngelOne Smart Money is an educational platform that helps to acquire knowledge about the trade market. This will offer you lessons about trading. It makes you an excellent trader in the trading field.

Image 7: AngelOne smart money app

The screenshot of the Home page of the AngelOne Smart Money app in the AngelOne broker website

Image Copyrights reserved to AngelOne

AngelOne Smart Buzz

AngelOne Smart Buzz app helps traders by providing updated information, the latest news, buzz, and insights about the trading market. Traders can customize their newsfeed in order to remove unwanted news.  All the hot news can be updated within a second in this app. This app offers news in more than 60 different languages.

Image 8: AngelOne smart Buzz

The screenshot of the Home page of the AngelOne Smart Buzz app in the AngelOne broker website

Image Copyrights reserved to AngelOne

AngelOne Smart Store

AngelOne Smart Store helps traders to code the strategies without knowing the program. The community of traders with vast experience and knowledge can help the traders to solve the trading problems. It also offers algo courses to traders from the best educational institutions which will make the trader become the best algo trader. It also provides certificate courses about algorithmic trading to the traders.

Image 9: AngelOne smart store

The screenshot of the Home page of the AngelOne Smart Store app in the AngelOne broker website

Image Copyrights reserved to AngelOne

Investment advisor

Investment consultants assist investors in choosing the appropriate stock market platform. A genuine investment advisory can guide you in finding your way in the stock market. In an investment advisory firm who are professionals help the traders to construct a financial plan that is targeted to achieve the goals. They check on their clients and evaluate the plan regularly. An investor’s success depends on the experience and expertise of the investment advisor. So, you must carefully choose the right firm.

Calculators

AngelOne provides numerous calculators which calculate the payment for the transaction, margin output, rate growth, compound interest, future value, net present value, recurring deposit, fixed deposit, and dividend yield. These are brokerage calculator, margin calculator, CAGR calculator online, compound interest rate calculator online, future value calculator, NPV calculator, EBITDA calculator, dividend calculator, fixed deposit calculator, recurring deposit calculator, and systematic investment plan calculator.

Review on Account types of AngelOne broker

AngelOne does not charge fees to open the account which provides excellent services at the lowest price. The types of accounts available in the AngelOne are:

Demat account

A Demat account is a digital locker that holds the securities in dematerialized (paperless) format. There is no necessity to store the certificates of share physically. It holds the securities which are purchased via trading accounts. The payments are done through the linked bank account. It has a Flexible Brokerage based on its investing profile. It offers no charges for equity and ₹20/Order for Intraday, F&O, Currency, & Commodity.

Trading account

The trading account helps the traders to buy and sell the securities in the stock exchange which they can get a unique trading identification number. The trading account of AngelOne offers premium services at a simple brokerage rate.

Margin account

Margin trading is the process of borrowing funds from the broker to invest in the market. It is a loan offered against existing stocks in the Demat account. The margin trading account is not suitable for long-term speculative trades. Corporate brokers with a net worth of Rs 3 crore should be allowed for margin trading under SEBI guidelines. The traders don’t pay cash for any shares that they buy in the margin trading account. Because they deposit a percentage of the transaction only and the rest is a loan from the broker.

Intraday trading account

Intraday trading is where shares are bought and sold on the same day through an intraday account.  Brokers are only allowed to trade so traders need to open a day trading account with a brokerage firm like AngelOne. Day traders make a large number of trades and make small gains which depend on price volatility which allows the traders to trade in large volumes.

Traders are required to pay a margin to the broker before they begin trading. Your chances of producing money will grow as a result of this greater exposure. You might lose more money as a result. The best way to proceed while leveraging this leverage is to move cautiously.

IPO account

The owners find it challenging to find funds for the expansion and growth of the company. So, they look for other sources of funding which they can either borrow from banks or go public or come out with an initial public offering (IPO). Banks are a less desirable option because they have to pay interest. But ipos is the best opportunity for the company’s growth.

It offers shares in the company to the investing public in exchange for cash who become part-owners of the company. IPO shares are reserved for qualified institutional buyers and high-net-worth individuals. The investors are independent to sell the shares and make a profit. IPOs are not just for equity and also for non-convertible debentures and bonds as well.

Demo account Review of AngelOne broker

AngelOne provides a demo account for beginners in which the traders can practice trade with virtual money under the guidance of expert advisors. They can learn more about the trading world with the help of a smart money platform.

Fees and Commissions Review of AngelOne broker

There are no account maintenance charges for the first year and Rs 20 plus tax for one-month taxes after the first year. AngelOne offers moderately lower commissions which allow investors to trade in forex markets. Transaction Costs are instantaneous and tend to be as low as 0.07%. The Demat account is open cost-free.

Table 7: Charge paid in AngelOne

Nature Of Charges Rate

Account Maintenance Charges

₹ 20 + Tax / Month- For Non-BSDA Clients
For BSDA Clients:
Holding Value Less Than 50,000: NIL
Holding Value Between 50,000 To 2,00,000: ₹ 100 + Tax / Year

Demat

₹ 50 Per Certificate

Remat

₹ 50 Per Certificate + CDSL Charges

Call & Trade

₹ 20 / Order

Square Off Charges

₹ 20 / Order

DP Charges

₹ 20 / Debit Transaction
₹ 50 / Debit Transaction - BSDA Clients

Cheque Bounce Charges

₹ 350

Pledge Creation / Closure

₹ 20 / ISIN
₹ 50 / ISIN - BSDA Clients

Physical Statements / DIS Request / Physical Contract Notes

₹ 50

Franking, KRA, CKYC, E-Signature Charges

Free

Email Statements / Contract Notes

Free

Delay Payment Charges on Outstanding Bill Amount If Not Paid Within Due Date

1.5 % / Month (Levied Every 15 Days)

Leverage Review of AngelOne broker

The leverage value for commodities, currency, and equity are given below:

Table 8: Leverage in AngelOne

Leverage

Commodities future

2x

Commodities options

2x

Currency futures

Up to 2x

Currency options

Up to 5x for shorting

Equity futures

Up to 4x

Equity options

2x for shorting

Equity delivery

Up to 2x with 24% interest per annum

Equity intraday

Up to 10x

Review on Bonuses and promotions of AngelOne Broking

A free Demat account and trading account are provided by AngelOne. It provides monthly offers for investors. It offers a free brokerage plan which plan comes under AngelOne iTrade prime plan.  It also provides a discount which the brokerage for the first 30 days is free. Traders can get a commission through the referral program. It also offers free research reports, trading calls, margin against share, and SMS alerts. It offers free lifetime equity delivery trading.

Customer Support Review of AngelOne broker

All the complaints of the customers were identified and rectified in a short time. The trading issues can be solved very quickly because the customer support team was available 24/7. It also has the get a callback feature in the customer care number. There are 180 customer care service centers located in India which is very convenient for the customers. It offers support via Phone, e-mail, Facebook, Twitter, Instagram, YouTube and Linked in. The only disadvantage is the lack of live chat support.

Table 9: Customer support service details in AngelOne

Image 10: AngelOne customer support service

The screenshot of the Home page of AngelOne customer support service in the AngelOne broker website

Image Copyrights reserved to AngelOne

Review on Education and Research of AngelOne broker

AngelOne provides traders with company stock reviews, annual reports, weekly reports, monthly reports, IPO reports, company reports, research reports, and fundamental reports which helps them to get desired results in trade. AngelOne provides free stock advisory and offline advisory from trading experts. Traders get clarity in strategy with the help of daily market reviews. AngelOne offers an Angel Blog in which you can get complete knowledge about trading. It also offers many courses for beginners, traders, and investors. The knowledge center contains information about the trading account, Demat account, Share market, and so on.

Review on Risk and Rewards of AngelOne broker

AngelOne has both the advantages and disadvantages which are listed in Table 10.

Table 10: Rewards and Risk of the AngelOne

Pros Cons
Updated technical reports at no cost.
Bot trading is available on the website.
Flat brokerage on intra-day trading.
Excellent liquidity engines from Huobi and Binance
It offers advisory services, loans secured by the shares, a knowledge centre for investor education, free learning through a different platform, and loans against the shares.
It includes both basic and technical analysis.
Trading platforms of AngelOne is user friendly and easy to use.
It offers a standard discount plan.

 Customer service is not great.

 It may add an additional 20 rupees to every trade and call.

 Mobile trading is not user-friendly.

 Online account opening process is quite difficult and time-consuming.

 Offers regular mutual fund plans only.

 

In a Nutshell

Looking to get started on your trading journey? Searching for reliable, expert advice? Look no further! See the list of top brokers in our website tradingcritique.com and compare before choose to invest.

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