Angel One Review 2024: Fees, Pros & Cons, and More

Angel One was previously known as Angel Broking is one of the oldest brokerage firm of India. Earlier they followed full service brokerage model but due to competition from discount brokers, they changed their model to discount brokerage.

In this Angel One review, we will cover detailed information about the brokerage firms background information, its trading platforms, brokerage and account opening charges and also what are the benefits and drawbacks of using their services.

About Angel One

Angel One, a notable Indian financial solutions firm and esteemed stockbroker, has been in operation since its inception in 1987. Over the span of three impressive decades, Angel One has established itself as a respected name in the industry, having earned the trust of its clients. The company provides an extensive array of services to cater to the needs of both individual and institutional investors.

When it comes to its services, Angel One specializes in online trading, presenting a platform for clients to engage in the trade of equities, derivatives, commodities, mutual funds, and IPOs.

Their user-friendly trading platform empowers investors to execute trades efficiently, granting them access to crucial research reports and valuable market insights.

Furthermore, Angel One extends its expertise through investment advisory services, aiding clients in making well-informed investment decisions and providing personalized investment advice tailored to their financial goals and risk profiles.

The company also offers wealth management solutions, supporting high-net-worth individuals in effectively managing and expanding their wealth.

With a strong emphasis on technology, Angel One consistently enhances its trading platform, incorporating seamless features and advanced functionalities.

They boast a wide presence throughout India, facilitated by branches and a network of sub-brokers, ensuring localized assistance and services.

Throughout its remarkable journey, Angel One has gained recognition for its exceptional research capabilities and customer service.

The company’s unwavering commitment to delivering reliable financial services has cemented its reputation as a trusted and customer-centric organization.

Angel One Brokerage Charges – 2024

Angel One Account Opening and AMC Charges

• Angel One Demat Account Opening Charges : Nil
• Angel One AMC Charges : Rs 240/year

Angel One Trading Platforms

Angel One provide all three types of the products to cater for various types of traders and investors. They are web, desktop and mobile.

Angel One Web Trading Platform

The web platform can be accessed using any of the web browser such as Chrome and Firefox etc from anywhere.

Salient features of Angel One web trading platform are,

• User-friendly and intuitive online trading platform
• Real-time market data and live quotes
• Customizable dashboard to personalize the trading interface
• Supports trading in equities, derivatives, commodities, mutual funds, and IPOs
• Different order types for efficient order placement and execution
• Access to research reports, market insights, and analysis tools
• Fundamental and technical research for informed investment decisions
• Portfolio management features to track holdings and view performance summaries
• Historical price charts for technical analysis
• Account statements and transaction history available
• Suitable for both novice and experienced traders

Angel One Desktop Trading Platform

• Angel One offers a desktop trading platform for a comprehensive trading experience. The desktop platform provides advanced features and tools for traders such as

• Customizable interface to suit individual preferences and trading strategies.
• Real-time market data, live quotes, and charts are available for accurate analysis.
• The platform supports trading in various financial instruments, including equities, derivatives, commodities, mutual funds, and IPOs.
• Different order types are available for precise order placement and execution.
• Research reports, market insights, and analysis tools help in making informed investment decisions.
• Historical price data and technical indicators assist with technical analysis.
• Portfolio management features allow users to track holdings and monitor performance.
• Account statements, transaction history, and other account-related information are easily accessible.
• The desktop platform offers a robust and secure trading environment for traders of all levels.

Angel One Mobile Trading Platform

Angel One provides a mobile trading platform for convenient on-the-go trading. The mobile platform is available as a downloadable application for smartphones and tablets.

Salient features of the Angel One app are

• It offers a user-friendly and intuitive interface for easy navigation and trading.
• Real-time market data, live quotes, and charts are accessible for quick market analysis.
• The mobile platform supports trading in equities, derivatives, commodities, mutual funds, and IPOs.
• Users can place different types of orders, including market orders, limit orders, and stop-loss orders.
• Research reports, market insights, and analysis tools are available for informed decision-making.
• Historical price data and technical indicators assist with technical analysis on the go.
• Portfolio tracking features enable users to monitor their holdings and track performance.
• Account-related information, including statements and transaction history, can be easily accessed.
• The mobile trading platform offers a secure and seamless trading experience, empowering traders to trade anytime and anywhere.

Angel One Rview : Pros and Cons

Advantages of Angel One

1. Convenience: A demat account provided by Angel One offers the utmost convenience and a seamless, paperless experience for securely holding and managing your securities. Through this account, you can effortlessly buy, sell, and transfer securities, eliminating the hassles associated with physical share certificates.
2. Extensive Investment Options: Angel One presents a diverse range of investment options, including equities, derivatives, mutual funds, commodities, IPOs (Initial Public Offerings), and more. This comprehensive selection empowers you to build a well-rounded investment portfolio tailored to your financial goals and risk tolerance.
3. Informed Decision-Making: Angel One equips you with research and analytics tools to make informed investment decisions. Benefit from market insights, company research reports, technical analysis, and other valuable resources that enhance your understanding of the market and specific securities.
4. Dedicated Customer Support: Angel One is renowned for its exceptional customer support services. Their knowledgeable support team is readily available via phone, email, and live chat to provide guidance and address any queries or concerns related to your demat account and trading activities.
5. Competitive Pricing: Explore Angel One’s competitive pricing and brokerage rates, tailored to different account types and services. Comparing their fees and charges with other providers will help you assess how well their offerings align with your investment needs.

Disadvantages of Angel One:

1. Account Maintenance Fees: Much like the majority of demat accounts, Angel One might enforce yearly upkeep costs or account maintenance fees (AMC) to ensure the proper maintenance of your demat account. These fees can fluctuate depending on the selected account type and services, impacting your overall investment returns.
2. Transaction Costs: Alongside the account maintenance fees, Angel One could impose transaction charges when you partake in the purchase or sale of securities through their platform. These charges encompass brokerage fees, transaction taxes, regulatory fees, and other applicable levies. It is crucial to comprehend the relevant charges and factor them into your investment decisions.
3. Platform Reliance: While online trading platforms offer convenient accessibility, they can also foster potential reliance. Technical glitches, connectivity issues, or platform downtime might hinder your trading activities or impede your ability to access your portfolio. It is important to acknowledge that placing trust in technology subjects you to the platform’s performance and availability.
4. Research Limitations: While Angel One may provide research and analysis tools, the quality and depth of the available research might exhibit variations. It is imperative to evaluate whether the research reports, market insights, and recommendations align with your investment strategy and if they offer the desired level of information.
5. Limited Offline Assistance: Angel One primarily operates as an online brokerage firm, implying that their customer support primarily relies on digital channels such as phone, email, or live chat. If you prefer or require in-person assistance or face-to-face interactions, the restricted availability of offline support might be viewed as a drawback.
6. Account Closure Expenses: Should you choose to close your demat account with Angel One, certain charges related to account closure may become applicable. These expenses can differ and should be regarded as an additional financial consideration if you intend to transition to another brokerage firm in the future.

Angel One Contact Details :

Registered Office: 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai – 400093

Email : support@angelone.in

Customer Care Number : 08047480048

SEBI Regn. No.: INZ000161534-BSE Cash/F&O/CD (Member ID: 612), NSE Cash/F&O/CD (Member ID: 12798), MSEI Cash/F&O/CD (Member ID: 10500), MCX Commodity Derivatives (Member ID: 12685) and NCDEX Commodity Derivatives (Member ID: 220),

CDSL Regn. No.: IN-DP-384-2018, PMS Regn. No.: INP000001546, Research Analyst SEBI Regn. No.: INH000000164, Investment Adviser SEBI Regn. No.: INA000008172, AMFI Regn. No.: ARN-77404, PFRDA Registration No.19092018

Angel One User Reviews and Customer Ratings

Also Read : 11 Best demat accounts in India

Angel One Review – Final Thoughts

In conclusion, Angel One has emerged as a prominent stockbroking firm in India, offering a wide array of investment options and comprehensive online trading services.

It presents a seamless and paperless approach to managing securities through the convenience of a demat account. With its intuitive online trading platform and diverse selection of investment products, Angel One caters to the needs of both novice and seasoned traders.

An Angel One demat account brings forth notable advantages, including the ease of electronic holdings, a vast range of investment options, a user-friendly trading platform, reliable research and analytics tools, and commendable customer support.

However, it is essential to consider potential drawbacks, such as account maintenance charges, transaction charges, platform dependency, research limitations, limited offline support, and possible account closure charges.

If you already have account with Angel One, please provide your review and ratings to help the visitors.

Angel One FAQs

Dont Miss to Read Article Related to Angel One Demat Account:

• Angel One Review 2024: Fees, Pros & Cons, and More