Angel One Review 2022

Summary

 

Angel One Limited, formerly known as Angel Broking, is an Indian broker founded in 1996 that โ€‹โ€‹offers online trading in a wide range of products. It is regulated by the Securities and Exchange Board of India (SEBI).

We recommend this broker for both beginner and advanced traders looking for an Indian online broker with a solid background to trade stocks on Indian markets. However, if you are not an Indian citizen or resident, Angel One might not be the best broker for you.

Angel One is one of the largest full-service retail brokers in India, offering various products including stocks, commodities, currencies, futures and options.

Angel One requires no minimum deposit for account opening and provides a demo account. It also offers a variety of platforms, including a mobile app, and investment advice. It has great educational tools for beginner investors.

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Angel One pros and cons
Pros Cons
• Many asset types • Only available for Indian citizens & residents
• Good educational materials • Only for Indian market
• Demo account • No credit card deposit
Angel One main features and highlights
๐Ÿ—บ๏ธ Country of regulation India
๐Ÿ›๏ธ Products offered Stocks, ETFs, Commodities, Funds 
๐Ÿ’ฐ Stock trading fees class Very low 
๐Ÿ’ฐ Inactivity fee charged No
๐Ÿ’ฐ Withdrawal fee charged No
๐Ÿ’ฐ Minimum deposit INR 10,000
๐Ÿ’ณ Depositing with bank card Debit card only
๐Ÿ‘› Depositing with electronic wallets Not available
๐Ÿ“ฑ Platforms provided Web, mobile
๐ŸŽฎ Demo account provided Yes
๐Ÿ“ž Customer service channels Live chat, phone, email

Angel One review
Fees and costs

  • Trading fees:
    • Angel One charges a flat INR 20 fee per executed order or 0.25% (whichever is lower) for all stocks, futures, options, commodities and currencies, regardless of order size.
    • There is also a handy calculator for estimating the charges of transactions.
  • Non-trading fees:
    • No account opening fee.
    • No withdrawal fee.
    • Monthly account maintenance fee of INR 20.
    • You can use a debit card to transfer funds, which carries a fee of between INR 10-20. However, you cannot use credit cards to fund your account.


Angel One offers different account types:

  • The Demat (dematerialization) account works for traders who want to hold their shares in an electronic form, without the need for any paperwork.
  • A Trading account provides an interface to buy and sell shares on the stock market.
  • The Margin account is for those who want to trade on margin, where the leverage and margin requirements are 40% initial margin and 50% maintenance margin under SEBI rules.
  • The Intraday Trading account is designed for day traders.
  • You can also have a two-in-one account with Angel One that integrates a Demat and a Trading account.

Angel One review
Background and safety

Angel One Limited, formerly known as Angel Broking Limited, was established in 1996. It is regulated by the Securities and Exchange Board of India (SEBI) and is also a member of the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE) and the Metropolitan Stock Exchange of India (MSEI).

As a broker regulated by SEBI, clients are not eligible for any investor protection.

Angel One has been in the market for more than 25 years. The longer track record a broker has, the more proof we have that it has successfully weathered previous financial crises. The company is also publicly listed since 2020, which increases its transparency.

 

Angel One review
Explore Angel One alternatives

Not convinced if Angel One is the right choice for you? Take a look at our list of the best international online brokers available in India, or browse our top picks for stock brokers globally.

If you want to start your search from scratch, use our proprietary broker finder tool for a tailored recommendation.

Author of this article

Eszter Zalan

Author of this article

Eszter is a Brussels-based content editor and writer with over fifteen years of experience in journalism. She thrives in researching complicated issues and explain their essence in a plain and clear language to guide you through the world of finance.

Eszter Zalan

Content Editor

Eszter is a Brussels-based content editor and writer with over fifteen years of experience in journalism. She thrives in researching complicated issues and explain their essence in a plain and clear language to guide you through the world of finance.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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