Angel Broking Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Angel Broking, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Angel Broking is a Private company headquartered in Mumbai, India which is founded in 1987 by Dinesh Thakkar. Angel-Broking is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Angel Broking work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Angel Broking is an NSE and BSE-listed company with over 900 branches in India.

OverviewAngel Broking
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, India
FoundersDinesh Thakkar
Foundation Year1987
Supported ExchangesBSE, NSE, MCX, NCDEX
Total branches900

Angel Broking Account opening charges

You need to open a demat account and a trading account, to start trading with Angel Broking. So, to open a trading account with Angel Broking, you need to pay a fee of Zero. However, the trading annual maintenance charges of Angel Broking are free. And Demat annual maintenance charges are Free or Rs.300 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Angel Broking is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesAngel Broking
Trading Account Opening ChargesZero
Demat AMC (Annual Maintenance Charges)Free or Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero Margin
Offline to Online ChargesYes

Angel Broking Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Angel Broking brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Angel Broking This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Angel Broking charges a brokerage fee of Rs.20 Per Order per order.
  • Equity futures: The brokerage cost for equity futures is Rs.20 Per Order as well.
  • Equity options: Angel Broking charges a brokerage fee of Rs.20 Per Order for trading equity options.
  • Currency: Unleash your trading potential with Angel Broking’s dynamic Rs.20 Per Order charges.
  • Commodity: For commodity options trading, Angel Broking charges a brokerage fee of Rs.20 Per Order.

Equity Brokerage Charges

Equity Brokerage ChargesAngel Broking
Equity Delivery BrokerageFree
Equity Intraday BrokerageRs.20 Per Order
Equity Futures BrokerageRs.20 Per Order
Equity Options BrokerageRs.20 Per Order

Currency Brokerage Charges

Currency Brokerage ChargesAngel Broking
Currency Futures BrokerageRs.20 Per Order
Currency Options BrokerageRs.20 Per Order

Commodity Brokerage Charges

Commodity Brokerage ChargesAngel Broking
Commodity Options BrokerageRs.20 Per Order

Angel Broking Other Charges

  • Minimum brokerage charges: At Angel Broking, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Percentage of Transaction.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00325% of Total Turnover is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Angel Broking.
  • Call and trade charges: If you use call and trade service, the charges of Angel Broking are Additional Rs 20 per executed order.
Other Brokerage ChargesAngel Broking
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesAdditional Rs 20 per executed order

Angel Broking Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Angel Broking offers Upto 20x times leverage on equity delivery, Upto 40x times leverage on equity intraday, Upto 10x times leverage on equity futures, and Upto 10x times leverage on equity options.

Here is the leverage provided by Angel Broking:

Equity LeverageAngel Broking
Equity DeliveryUpto 20x
Equity IntradayUpto 40x
Equity FuturesUpto 10x
Equity OptionsUpto 10x

Angel Broking Currency Leverage

Angel Broking also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 5x times and Currency Options Upto 7x times.

Currency LeverageAngel Broking
Currency FuturesUpto 5x
Currency OptionsUpto 7x

Angel Broking Commodity Leverage

Angel Broking offers Upto 10x leverage for commodity trading.

Equity LeverageAngel Broking
CommodityUpto 10x

Angel Broking Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Angel Broking gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

OffersAngel Broking
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Angel Broking Features

  • Discount Broker:Angel Broking, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Percentage of Transaction executed, regardless of trade category, size, or exchange. They also offer Upto 40x trading leverage.
  • Range of Investment Products: Angel Broking is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Angel Broking paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Angel Broking differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Angel Broking provides margin funding services. These can be used to make partial payments on cash segment transactions. Angel Broking lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Angel Broking provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Angel Broking offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Angel Broking is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Angel Broking’s Rs.20 Per Order brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Angel Broking provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Angel Broking offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesAngel Broking
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryYes
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 40x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Angel Broking Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Angel Broking offers research papers with the top recommendations, which are developed by industry specialists. On their website, Angel Broking also offers annual reports, as well as daily market reviews and weekly reports.

ServicesAngel Broking
Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Angel Broking Trading Platforms

To fulfil the various needs of its consumers, the Angel Broking trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Angel Broking Trading Platforms

Desktop Trading PlatformsAngel Broking
Desktop BrowserYes

Angel Broking Mobile App

Angel Broking offers mobile trading through the Angel Broking app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppAngel Broking
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Angel Broking Customer Support

  • Online trading support: Angel Broking can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Angel Broking offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Angel Broking5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportAngel Broking
Relationship ManagerYes
Offline TradingNo
Online TradingYes
24 * 7 SupportYes
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches180

Angel Broking Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 128 BSE complaints, of which 128 have been resolved, which amounts to 100.00 % in percentage terms. And, when it comes to NSE complaints, there are 196 of them, with 196 of them resolved, for a percentage of 100.00 %. And the percentage of BSE/NSE complaints resolved is 100.00 %

The table below highlights the complaints acquired by Angel Broking.

BSE ComplaintsAngel Broking
BSE Complaints128
BSE Resolved Complaints128
Percentage of resolved BSE complaints100.00 %
NSE Complaints196
NSE Resolved Complaints196
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


In conclusion, Explore Angel Broking’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Angel Broking can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.