Angel One Review

Category: Reviews | Author: Trading Brokers | Date: October 14, 2023

Angel One is a full-service retail broker that offers a wide range of products and services to its clients, such as stocks, commodities, currencies, futures and options, mutual funds, IPOs, US stocks, bonds, etc. Angel One provides online trading platforms and tools, investment advisory, margin funding, algorithmic trading, smart orders, and more. Angel One aims to simplify investments for its customers with minimal brokerage charges and zero hidden fees. But how does Angel One compare to other brokers in the market? Is it safe and regulated? What are the features and benefits of its platforms and tools? These are some of the questions that we will answer in this review. Let’s dive in.

Pros & Cons

  • Many asset types available Good educational materials
  • Demo account available
  • No minimum deposit for account opening
  • Offers a variety of platforms, including a mobile app, and investment advice
  • Great educational tools for beginner investors
  • Long account verification procedure because the broker requests an extensive package of documents to verify identity
  • Angel One margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock
  • Only available for Indian citizens and residents
  • Only for Indian market
  • No credit card deposit Lack of electronic payment systems and e-wallets for replenishing a trading account
  • Angel Broking does not offer Trading, Demat and Banking accounts – a 3-in-1 account as it is not a banking institution
  • Charges clients a fee for servicing the account

Summary

Angel One Review

Angel One Review

Angel One is one of India’s largest full-service retail brokers, offering its clients a wide range of products and services. Angel One was founded in 1996 and has over 25 years of experience in the financial markets. Angel One has more than 1.5 crore registered users and over 20,000 authorized persons across the country. Angel One provides online trading platforms and tools, investment advisory, margin funding, algorithmic trading, smart orders, and more. Angel One provides its clients with a 2-in-1 account facility, which includes a Demat account and a trading account. Angel One also offers repatriable and non-repatriable Demat accounts for non-resident Indians (NRIs) who want to trade or invest in Indian securities.

Angel One offers zero brokerage on equity delivery and zero account maintenance charges for the first year. It also charges a flat fee of Rs. 20 per order for intraday, F&O, currencies, and commodities trading. Angel One does not require any minimum deposit for account opening and provides a demo account for practice. Angel One also offers various platforms, such as a mobile app, a web browser, and a desktop application, for its clients to access their accounts and trade conveniently. It also provides an opportunity for individuals to become sub-brokers or authorized persons (APs) with them and earn commissions from the transactions done by their clients.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Angel One is a registered member of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Metropolitan Stock Exchange of India (MSEI). The company is also regulated by the Securities and Exchange Board of India (SEBI) and adheres to all relevant laws and regulations. Angel One complies with the regulatory framework and guidelines issued by SEBI and the exchanges and maintains a high standard of transparency and accountability in its operations. The company also has a robust risk management system and a dedicated investor grievance redressal mechanism. Angel One is also a participant of the Investor Protection Fund (IPF), which provides compensation to the investors in case of default or insolvency of the broker. Angel One also follows the Anti-Money Laundering (AML) and Know Your Customer (KYC) norms as prescribed by the regulators and the government. Angel One is one of the most trusted and reputed brokers in India, with a strong regulatory compliance and customer satisfaction record. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

Angel One Platforms

Angel One Platforms

Angel One offers a range of trading platforms and tools that cater to different types of investors and traders. Some of the key platforms and tools are:

  • Angel One App: This is a mobile trading app that allows users to trade and invest in various financial instruments on the go. The app has a user-friendly interface, superfast TradingView charts, live market data, and a smart order feature that enables users to place orders with predefined parameters. The app also provides access to ARQ Prime, an investment advisory tool that gives personalized recommendations based on a rule-based engine. The app is available for Android and iOS devices and can be downloaded from the Google Play Store or the App Store.
  • Angel One Trade: This is an online trading website that enables users to trade and invest from any device with an internet connection. The website has a sleek design, advanced charts, jargon-free reporting, and power tools for traders. The website also offers enhanced security features, such as two-factor authentication and OTP-based login. The website can be accessed from any browser by visiting the official Angel One website.
  • Angel SpeedPro: This is a desktop trading software that provides a comprehensive trading experience with multiple features and functionalities. The software has a customizable dashboard, real-time market updates, advanced charting tools, and a smart scanner that helps users identify trading opportunities. The software also allows users to trade directly from charts and access various reports and analytics. The software can be downloaded from the official Angel One website and is compatible with Windows operating systems.
  • Angel Bee: This is a mutual fund investment app that helps users plan and achieve their financial goals. The app has a simple and intuitive interface, a goal-based investment planner, a SIP calculator, and a tax saver feature. The app also leverages ARQ Prime to provide users with curated mutual fund schemes based on their risk profile and preferences. The app is available for Android and iOS devices and can be downloaded from the Google Play Store or the App Store.
  • Angel One ARQ: This is an investment advisory tool that gives users personalized and unbiased recommendations for stocks, mutual funds, and ETFs. The tool uses a rule-based engine that analyses various factors, such as fundamentals, valuations, technicals, and macroeconomic indicators, to generate optimal portfolios for users. The tool also monitors the performance of the portfolios and provides timely alerts and rebalancing suggestions. The tool is accessible through the Angel One app and the Angel Bee app.
  • Angel One SmartAPI: This is a platform that allows users to build their own trading and investing platforms using free APIs. The platform provides easy integration with Python, NodeJs, and other languages, and access to 1 crore+ clients of Angel One. The platform also provides real-time assistance while testing and deploying the trading APIs. The platform can be accessed from the official Angel One website.

Education

Angel One aims to empower its clients with the knowledge and skills to trade and invest in the stock market confidently and profitably. One of the ways that Angel One does this is by providing educational resources and courses to its clients and potential partners. Angel One offers free stock market courses through its online platform. It offers Smart Money which is a comprehensive guide to financial markets, covering topics such as trading, investing, personal finance, technical analysis, fundamental analysis, and more. Smart Money is designed for learners of different levels, from beginners to experts, and provides structured lessons, quizzes, podcasts, infographics, blogs, and videos to help them grow their wealth. Smart Money also features a leaderboard that showcases the top learners and achievers on the platform.

Angel One also provides educational videos on its website, explaining various concepts and practices related to stock trading and investment. The videos are divided into different modules, such as long-term investing, short-term trading, commodity and currency trading, F&O trading, and more. The videos are aimed at enhancing the knowledge and skills of the clients and helping them make informed decisions in the market.

Markets

Angel One is one of the leading online trading and stock broking companies in India, offering a wide range of financial products and services to its customers. Angel One provides its customers with various platforms and tools to trade and invest in different markets, such as:

  • Equities: Angel One offers trading in equities, both in cash and derivatives segments, across multiple exchanges, including NSE, BSE, MCX, and NCDEX. Customers can trade in stocks, indices, exchange-traded funds (ETFs), and initial public offerings (IPOs) using Angel One’s online trading app, web platform, or desktop software. Angel One also provides research reports, stock recommendations, market updates, and portfolio analysis to help customers make informed decisions.
  • Derivatives: Angel One offers trading in futures and options contracts on various underlying assets, such as stocks, indices, currencies, and commodities. Customers can use derivatives to hedge their risks, speculate on price movements, or create arbitrage opportunities. Angel One also provides margin funding, leverage, and risk management tools to facilitate derivatives trading.
  • Currency Derivatives: Angel One offers trading in currency derivatives on NSE and BSE. Customers can trade in futures and options contracts on various currency pairs, such as USD/INR, EUR/INR, GBP/INR, and JPY/INR. Currency derivatives can help customers diversify their portfolios, hedge their foreign exchange risks, or take advantage of exchange rate fluctuations.
  • Commodities: Angel One offers trading in commodities on MCX and NCDEX. Customers can trade futures and options contracts on various commodities, such as gold, silver, crude oil, natural gas, metals, agri-products, and more. Commodities can help customers hedge their inflation risks, diversify their portfolios, or benefit from seasonal trends.
  • Mutual Funds: Angel One offers investment in mutual funds through its online platform or app. Customers can choose from a wide range of mutual fund schemes across different categories, such as equity, debt, hybrid, tax-saving, liquid, etc. Customers can also compare different schemes, track their performance, and redeem their units online. Angel One also provides robo-advisory services through ARQ Prime, which gives personalized mutual fund recommendations based on a proprietary algorithm.

Accounts

Accounts are essential for trading, as they provide traders with access to the markets and platforms that they want to trade on. Angel One offers a range of account types and trading accounts that cater to different trading styles and goals. These account types are:

  • Demat account: This is an account that is used to store the securities in electronic form. It is required for trading in equity shares and other securities. Angel One offers free Demat account opening and zero brokerage on equity delivery. It also offers a Basic Services Demat Account (BSDA) for investors who have holdings of up to ₹2,00,000 in their Demat account.
  • Trading account: This is an account that is used to execute the buy and sell orders in the market. It is required for trading in intraday, F&O, currencies, and commodities. Angel One charges a flat fee of Rs. 20 per order for these segments. It also offers various platforms, such as a mobile app, a web browser, and a desktop application, for its clients to access their trading accounts and trade conveniently.
  • 2-in-1 account: This is a facility that integrates the Demat account and the trading account into one. It makes the buying/selling and the transfer of shares to the Demat account seamless. Angel One offers a 2-in-1 account to its clients.
  • Repatriable Demat account: This is a type of Demat account that is available for non-resident Indians (NRIs) who want to trade/invest in Indian securities and transfer funds abroad. It requires an associated non-resident external (NRE) bank account. Angel One offers a repatriable Demat account to its NRI clients.
  • Non-repatriable Demat account: This is another type of Demat account that is available for NRIs who want to trade/invest in Indian securities but do not want to transfer funds abroad. It requires an associated non-resident ordinary (NRO) bank account. Angel One offers a non-repatriable Demat account to its NRI clients.

Funding

Angel One provides its clients with various funding options to facilitate their trading and investment activities. Some of the funding options offered by Angel One are as follows:

  • Margin Trading Facility (MTF): This is a service offered by the broker where investors can buy stocks by paying only a fraction of the investable amount. The broker finances the rest. In MTF, you need to pledge the stocks purchased before 9 p.m. on the same day. Or, those get squared off automatically on T+7 days. You can avail up to 4x of your buying power via MTF. An interest rate of 0.049% per day (18% per annum) is charged on the borrowed amount.
  • Debit card: You can use a debit card to transfer funds to your trading account, which carries a fee of between INR 10-20. However, you cannot use credit cards to fund your account.
  • Net banking: You can use net banking to transfer funds to your trading account from your bank account. This is a fast and convenient way of funding your account. There is no charge for this service.
  • UPI: You can also use the Unified Payments Interface (UPI) to transfer funds to your trading account from your bank account. UPI is a real-time payment system that allows you to send and receive money using a virtual payment address (VPA). There is no charge for this service.

Conclusion

In conclusion, Angel One is a full-service retail broker that offers a wide range of products and services to its clients, such as stocks, commodities, currencies, futures and options, mutual funds, IPOs, US stocks, bonds, etc. Angel One provides online trading platforms and tools, investment advisory, margin funding, algorithmic trading, smart orders, and more. Angel One aims to simplify investments for its customers with minimal brokerage charges and zero hidden fees. Angel One also has some advantages and disadvantages that you should consider before choosing it as your broker. However, it’s worth noting that while Angel One offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

Angel One Logo

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Angel One, a prominent full-service retail broker with over 25 years of experience in the financial markets, offers a comprehensive suite of products and services to cater to a diverse range of investors and traders in India. With more than 1.5 crore registered users and a vast network of authorized persons, Angel One has established itself as a trusted name in the industry.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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