Angel Broking : Reviews, Brokerage Charges, Account Opening, Features

(Last Updated On: May 7, 2017)

In this post, we review about Angel Broking Trading and Demat Account Opening, Brokerage Charges, Angel Broking apps and Angel Broking Account Features.

Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.

In this post, we will review the products and services, brokerage, features of Angel Broking.

Product and Services Offered

  • Equity
  • Initial Public Offering (IPO)
  • Commodity Trading
  • Currency Trading
  • Derivatives
  • Life Insurance
  • Mutual Funds
  • Portfolio Management Service (PMS)
  • Depository Sevices
  • Investment Advisory
  • Offline to Online conversion
  • Intraday Trading

Angel Broking Demat Account Charges

Charges TypesAnnual Maintenance ChargesLife time AMC
DP AMC ChargesRs 450 (+ Rs 500 CDSL charges for corporate account) + service taxRs 2500 + service tax
Franking ChargesRs. 50.00 + Service TaxRs. 50.00 + Service Tax
Debit transaction/Pledge creation & Pledge closure/
Debit transaction of client shares from Angel
beneficiary and Angel collateral account.
Rs. 20.00 + Service Tax per ISIN Rs. 20.00 + Service Tax per ISIN
Dematerialization Rs. 20.00 + Service Tax per certificate , and Rs.30.00 per
DRF for Postage Charges Plus Rs.30.00 per rejection
Rs. 20.00 + Service Tax per certificate , and Rs.30.00 per
DRF for Postage Charges Plus Rs.30.00 per rejection
Rematerialization Actual CDSL Charges + Rs. 30.00 per RRF request for
postage charges
Actual CDSL Charges + Rs. 30.00 per RRF request for
postage charges
Additional DIS Request Rs. 25.00 per bookletRs. 25.00 per booklet
Additional Statement Rs. 25.00 per request Rs. 25.00 per request

BSDA ( Basic Services Demat Account)

Charges TypeCharges Details
Charges DetailsNIL up to Holding Value less than Rs 50,000.00, and Rs.100.00 + Service Tax if the value of Holding is between
Rs.50000.00 to Rs.200000.00
Franking charges
Rs. 50.00 + Service Tax
Delivery / Debit charges with in AngelRs. 50.00 + Service Tax per Transaction
Delivery / Debit charges outside Angel
Rs. 75.00 + Service Tax per Transaction
Pledge Creation / ClosureRs. 75.00 + Service Tax per Transaction
DematerializationRs. 20.00 + Service Tax per certificate , and Rs.30.00 per DRF for Postage Charges Plus Rs.30.00 per rejection
RematerializationActual CDSL Charges + Rs. 30.00 per RRF request for postage charges
Additional DIS RequestRs. 50.00 per booklet
Additional StatementRs. 25.00 per request for physical
Debit transaction/Pledge creation & Pledge closure/
Debit transaction of client shares from Angel
beneficiary and Angel collateral account.
Rs. 20.00 + Servcie Tax per ISIN
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If the value of holding exceeds 2 lacs at any date of a Billing cycle then the client will be converted as Normal and he will be levied Normal AMC Charges of Rs.450/- + Service Tax

Brokerage Plans & Charges

Angel Broking offers its customer 2 in 1 account type which is Trading and Demat Account. Opening charges of Demat account is NIL but AMC may apply. The company has different categories of a plan for its customer.

Angel Classic account: This account is suitable for beginners in the stock market. An investor has to pay Rs. 10,000 in the beginning, which will be used by the investor for trading.  The brokerage charges are:

  • For online equity trading is 0.32%
  • For offline equity trading is 0.40%
  • For equity intraday, trade/futures is 0.032% for online trading
  • For equity intraday, trade/futures is 0.04% for offline trading

Angel Preferred Account: Minimum amount required to start trading or investment under this plan is Rs. 25000. The brokerage charges under this plan are:

  • For online equity trading is 0.224%
  • For offline equity trading is 0.280%

Angel Premier Account: The plan is designed for traders with high frequency. Its main feature is low brokerage cost. The initial amount required under this plan is Rs 50000- Rs 99999.

  • For online equity, delivery is 0.176%
  • For intraday trading is 0.0176%

Angel Elite Account: This plan is designed for high net worth individuals and has the lowest brokerage. The initial amount required under this plan is Rs 100000 and above.

  • For online equity, delivery is 0.160%
  • For intraday equity trading is 0.016%
  • Index options at Rs 30/lot and other at 60/lot

Trading Platforms

The company offers three platforms to its customers and also offers 20% discount on trades executed through online mode.

Angel Broking App– The app is offered on Android and IOS devices with various features like live market, mutual funds, portfolio check, market watch up to 21 charts, personalized advisory and global market updates.

Angel Broking Trade– It is browser based web trading platform, helps the investor to trade efficiently from different terminals

Angel SpeedPro– A powerful trading application for the desktop which hosts many different features like Advance Charts with 30-day intraday charts and 20-year historical data, Live News, and Research and technical reports to help traders take a fast & informed decision

Angel Lite– This service is available in the mobile browser. The platform works in slow GPRS connection and has all the features available on other platforms

Angel swift– This app helps in accessing the markets and for trading using mobile, smartphones and tablet devices. Trading can be done on Equity and Commodity Market using this platform.

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Angel ARQ

Angel Broking’s powerful ARQ tool for investment is automated investment engine that takes emotional bias out of investing that helps in maximizing the performance of equities and mutual funds. It uses big data and analytical tools for formulating strategy and fututre potential of equity stocks. This service is available through Angel Eye or Angel Broking App. ARQ recommendation has outperformed Sensex 92% of the time in the past 6 years.

Features of ARQ are:

  • Expert Insights
  • Machine Learning
  • Cognitive Algorithms
  • Teraflops of processing power

Pros and Cons of Angel Broking

  • Daily, weekly and monthly research reports and strategies for the market
  • Wide range of platforms from App to browser based terminal to operate from
  • All types of major financial services provided under one roof
  • Access to all major equity, commodity exchanges and to all market segment
  • Offers investment education program through educational videos available in youtube


  • High initial margin requirement for opening and operating an account
  • Doesn’t offer three-in-one account for its customer
  • Fund transfer to bank account directly not available

Process and Documentation Required for Angel Broking

One can open his/her account through online and offline mode.

Angel Broking provides the facility of opening an account within 1 hour of registration through its website. Through digital KYC procedure, there is no need for long paperwork and can enjoy the benefits in shortest possible time.

One can visit the nearest official branch of Angel Broking network to open an account. There you will be assisted by an experienced professional in the opening of an account.

Documents required

  • 2 Photographs for self
  • One photograph for the nominee
  • Xerox self-attested copy of PAN card
  • Xerox self-attested copy of address proof ( Passport, Aadhar card, driving license, lease agreement etc)

Account opening charges

  • Trading account opening charges is Nil
  • Trading account maintenance charges is Nil
  • Demat account opening charges is Nil
  • Demat account maintenance charge is Rs 450


FeaturesAngel BrokingReliance SecuritiesKotak SecuritiesICICI DirectZerodha
Service TypeFull ServiceFull ServiceFull ServiceFull ServiceDiscount Broker
Brokerage0.016- 0.4%0.05-0.5%0.05-0.5%0.05 – 0.55%Rs 20
Account Opening CostNilRs 950Rs 750Rs 975 for 3-in-1 accountRs 200 (couriered)
Rs 100 (form printed)
Margins (Equity)Intraday- 10 times
Delivery- 3 times
Intraday- 10 times
Delivery- 4 times
Intraday- 15 times
Delivery- 3 times
Intraday- 25 times
Delivery- 5 times
Intraday- 20 times
Delivery- Nil
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Angel Broking has established itself as a most preferred financial service provider amongst investors. Its low-cost brokerage plans for different user profile and investment advisory role for the investors helps investors in wealth creation. It offers a wide range of advanced trading platforms is an edge over other trading platforms. Though initial margin amount required for investment and trading is high which may affect the small investors.

Frequently asked Question (FAQs)

Q.Does it really takes just 1 hours to start trading?

A. Yes, if all your documents are valid and your application is approved it would take just 1 hour for us to get your trading account ready to trade.

Q.What are the pay in payout time frames?

A. The time frame is 1 pm every working day.

Q.What interest will you charge on the limit?

A. AFPL then charges 18% interest on this loan to the investor on the actual ledger from T+2 day ( it is computed on daily basis but levied Monthly )

Q. Can I invest in IPOs & buy Mutual Fund units & insurance through the same product?

A. Yes, you can invest in IPO’s / Mutual Fund / Insurance through the same product

Q. How many tips do you give in a day?

A. Depends on client profile (trader, long term investor, short term investor, Options trader etc), there is no fixed number, but on an average 4.

Q. If mobile is lost, Can anyone sell my shares? Any risk coverage?

A. No sir, the password is only with you. We keep the password in encrypted formats. So no one can sell your shares apart from you. It’s advised that you keep your password safe with you.

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