In the fast-paced world of stock markets, finding a reliable stockbroker is essential for both seasoned investors and newcomers. Angel One (formerly Angel Broking) stands out as one of India’s leading financial service providers. With a history of innovation and customer-centric offerings, Angel One provides a comprehensive range of financial services to help you succeed in your investment journey.
In this article, we will explore everything you need to know about Angel One, including its background, services, features, and why it’s considered a preferred choice among Indian investors.
Table of Contents
History and Background of Angel One
Angel One was founded in 1987 as Angel Broking by Dinesh Thakkar with the vision to democratize stock trading and make it accessible to retail investors. Over the years, the company has grown into a full-fledged stockbroker, serving millions of clients across India.
Rebranding to Angel One
In 2021, Angel Broking rebranded itself as Angel One to signify its transformation into a digital-first company that provides a seamless trading experience powered by technology. The company has embraced digital disruption to offer better trading tools, improved user experience, and more personalized advisory services.
Why Choose Angel One?
Angel One distinguishes itself by offering competitive pricing, advanced technology, and comprehensive financial services. Below are some of the key reasons why Angel One remains a top choice for investors:
1. Competitive Brokerage Fees
One of the standout features of Angel One is its discount brokerage model. Compared to traditional brokers, Angel One offers lower fees, particularly under its Angel iTrade Prime Plan, which ensures:
- Zero brokerage on equity delivery trades.
- Flat Rs. 20 brokerage on intraday trades, F&O, currencies, and commodities.
This makes Angel One highly cost-effective, especially for active traders and long-term investors alike.
2. Advanced Trading Platforms
Angel One offers a suite of user-friendly trading platforms designed for different kinds of investors:
Angel One App
The Angel One mobile app is one of the most highly rated stock trading apps in India. It offers:
- Real-time market data.
- Instant trade execution.
- Portfolio tracking.
- Stock research and recommendations.
Angel SpeedPro
For traders who prefer a desktop-based trading experience, Angel SpeedPro offers high-speed trade execution, advanced charting tools, and technical analysis features. The platform is particularly favored by day traders and heavy investors who need lightning-fast access to market data.
Angel Broking Web
The web-based platform allows investors to trade from any device without downloading software. It is equipped with features like customizable watchlists, real-time market data, and integrated reports.
3. Wide Range of Investment Options
Angel One is not limited to stock trading; it offers a broad spectrum of financial products, catering to diverse investor profiles:
- Equity Trading: Buy and sell stocks on major exchanges like NSE and BSE.
- Commodities: Trade in gold, silver, crude oil, and other commodities through MCX.
- Futures and Options (F&O): Hedge or speculate using derivative contracts.
- Mutual Funds: Invest in a wide range of mutual fund schemes from leading AMCs.
- Currencies: Participate in forex trading with currency pairs listed on Indian exchanges.
4. Research and Advisory Services
Angel One provides clients with access to in-depth market research and advisory services. Investors can use these resources to make informed decisions based on fundamental and technical analysis. Key features include:
- Daily market updates: Keep track of key market events and opportunities.
- Stock recommendations: Based on research reports and technical analysis.
- Portfolio management: Personalized advice to help investors optimize their portfolios.
5. Security and Reliability
As one of the most trusted names in the stockbroking industry, Angel One ensures high levels of security for its customers. The platform uses encryption to protect user data, and all transactions comply with the regulatory guidelines set by the Securities and Exchange Board of India (SEBI).
Angel One’s iTrade Prime Plan
Angel One has revolutionized stock trading in India by introducing its iTrade Prime Plan, which offers zero brokerage on delivery trades and flat fees on all other transactions. Here’s a detailed look at this plan:
Zero Brokerage on Delivery Trades
Unlike other brokers that charge a percentage of the transaction value, Angel One has made delivery trades completely free of brokerage. This is particularly beneficial for long-term investors who buy stocks and hold them for a longer period.
Flat Rs. 20 Per Trade
For intraday trading, F&O, commodities, and currencies, the brokerage fee is capped at Rs. 20 per trade, regardless of the transaction size. This pricing model allows high-frequency traders to save significantly on brokerage fees.
How Does Angel iTrade Prime Compare to Other Plans?
Angel iTrade Prime’s flat brokerage model makes it far more attractive than percentage-based brokerage plans offered by some competitors. Here’s how it stacks up against other brokerage plans:
- Equity Delivery: ₹0 (compared to 0.5%–0.75% charged by other brokers).
- Equity Intraday: ₹20 flat per trade (versus up to 0.05% per trade by traditional brokers).
- F&O: ₹20 per trade (versus 0.05%–0.1% charged by others).
Angel One Account Opening Process
Opening a trading account with Angel One is a smooth and hassle-free process, thanks to its digital-first approach. The account can be opened online in just a few steps:
Step 1: Visit the Angel One Website or App
You can start the account opening process by visiting the official website or downloading the Angel One mobile app.
Step 2: Fill in Your Details
You will need to provide personal information such as name, email, mobile number, PAN card, and Aadhar card details.
Step 3: Complete KYC Verification
KYC (Know Your Customer) verification is mandatory as per SEBI guidelines. You can complete this process online by uploading the required documents and verifying your identity via Aadhar-based e-sign.
Step 4: Account Activation
Once your details are verified, your trading account will be activated within 24–48 hours, allowing you to start trading immediately.
Angel One Charges and Fees
While Angel One offers competitive brokerage rates, there are other charges that you should be aware of, including:
1. Account Opening Charges
- Trading account: Free.
- Demat account: ₹20 for account opening.
2. Annual Maintenance Charges (AMC)
- Demat Account: ₹240 per year.
3. Transaction Charges
These are applicable for specific segments, such as equities, F&O, and commodities. They are charged based on trade volume and transaction value.
Angel One Customer Support and Service
Angel One offers comprehensive customer support to assist investors with any queries or issues related to trading or account management.
Available Channels for Support
- Phone: Call centers available for immediate assistance.
- Email: You can write to Angel One’s support team for any account-related queries.
- Live Chat: Available through the Angel One app and website for real-time support.
Angel One Knowledge Hub
Angel One provides a knowledge hub for educational content, tutorials, and FAQs to help investors learn about the stock market and how to use their trading platforms effectively.
Pros and Cons of Angel One
Like every brokerage service, Angel One has its strengths and weaknesses. Let’s break them down:
Pros:
- Low brokerage fees: Competitive pricing with the iTrade Prime plan.
- Advanced platforms: Mobile, desktop, and web-based platforms for seamless trading.
- Research and advisory: Extensive market research to help investors make informed decisions.
- Wide range of products: Equity, commodities, mutual funds, F&O, and more.
Cons:
- Account maintenance fees: While the brokerage fees are low, annual maintenance charges on the Demat account are slightly higher than some competitors.
- Limited international trading options: Angel One focuses primarily on Indian markets and lacks direct access to international stock markets.
Conclusion
In conclusion, Angel One has positioned itself as a reliable and cost-effective stockbroker in India, especially with the launch of its iTrade Prime Plan. It is an excellent choice for both beginner and advanced traders due to its low brokerage fees, advanced technology, and wide array of investment options.
Whether you are looking to trade stocks, invest in mutual funds, or explore commodities and F&O, Angel One provides all the tools and resources you need to succeed in the world of trading and investments.
