Angel One Review 2024
Website: www.angelone.in
Min. Deposit: US$ 0
Leverage: Margin Trading
Trading Platforms: AngelOne Trade, Mobile App, Angel NXT
Regulation: SEBI
Headquarters: India
Founded: 1996
Regulatory Licenses:
- Angel One Limited - authorized by SEBI (India) registration no INZ000161534
- Angel One Limited - member of NSE, BSE, MCX, & NCDEX (India)
Updated on March 22, 2024
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Our review process is comprehensive and thorough, focusing on providing the most accurate and up-to-date information about Angel One Brokerage. We consider a wide range of factors, including regulatory compliance, trading platforms, available financial products, fees, customer service, and more. Our comparisons are based on a detailed analysis of Angel One against over 1000 other brokers, ensuring that our review is both relative and competitive.
What is Angel One Brokerage? ▲
Angel One, formerly known as Angel Broking Limited, is an Indian stock brokerage firm offering a wide array of financial services. These include trading in stocks, both domestic and US, mutual funds, commodities, indices, futures, options, IPOs, and more. The firm is regulated by the Securities and Exchange Board of India (SEBI), which is tasked with overseeing stock trading and brokerage operations to ensure transparency and protect the interests of traders. With competitive trading conditions and an intuitive interface, Angel One offers clients the tools they need to manage their investment portfolios efficiently, access market research, and make informed trading decisions.
Pros
Offers a wide range of financial products
Userfriendly online trading platforms and mobile apps
Provides extensive research and educational resources
Cons
Relatively higher fees for certain services like demat and trading account maintenance
Lacks a toptier regulatory license
Is Angel One Safe or a Scam? ▲
Angel One is a reputable stock trading firm, regulated by SEBI in India. The firm adheres to the guidelines set forth by SEBI, ensuring transparency and safeguarding traders' interests. Therefore, Angel One is not a scam but a trustworthy brokerage.
Legitimacy-wise, Angel One is a legitimate, regulated investing firm with authorization from SEBI in India. However, its operation under a single regulatory authority could be seen as a limitation for traders who prefer brokers with multiple regulatory safeguards. Our trust score for Angel One is 4.0 out of 5, reflecting its good reputation and services offered. We recommend that potential clients conduct their own research, review customer feedback, and consider personal preferences before engaging with the broker.
Angel One offers margin trading, which allows investors to leverage their existing securities to potentially increase their trading positions. This feature can amplify returns but also comes with heightened risks. Investors should carefully assess their risk tolerance and the current market conditions before opting for margin trading. According to SEBI regulations, Indian traders can access a maximum leverage of up to 1:50 for major currency pairs.
Our research indicates that the broker offers a range of account types designed to meet the varying requirements of investors. These accounts include trading accounts, demat accounts, and commodity trading accounts, each serving a distinct purpose in the realm of financial investments.
A trading account is a fundamental tool for investors wishing to buy and sell securities in the stock market. This account acts as a gateway for the execution of stock market transactions. On the other hand, a demat account plays a crucial role in the modern trading landscape. It is used to hold and manage securities electronically, offering a convenient and efficient way to maintain an investment portfolio without the need for physical certificates.
For those interested in diversifying their investments beyond traditional securities, Angel One also offers the option of commodity trading accounts. These accounts enable clients to trade in a variety of commodities, which may include precious metals like gold and silver, as well as agricultural products. This presents an opportunity for investors to explore different markets and potentially hedge against market volatility.
The broker presents an extensive assortment of trading products, including Stocks, US Stocks, Mutual Funds, Commodities, Indices, Futures, Options, Currencies, ETFs, and IPOs. This wide variety enables traders to expand their portfolios and engage in various sectors of the financial markets via a unified platform. The Angel One Markets Range receives a score of 8.9 out of 5, which is considered high, also for presenting some distinctive opportunities and investment choices.
Our analysis reveals that the broker charges a range of fees linked to its services. These fees may encompass brokerage fees, account setup fees, transaction fees, annual maintenance charges for demat and trading accounts, alongside other relevant taxes and fees. The exact fee model can differ based on the account type, market segment (equity, commodities, etc.), and trade type. It's advisable for investors to check the most recent fee schedule from Angel One, usually accessible on their official site or via direct communication with the brokerage. Angel One Fees are rated as low or average with an overall score of 7.5 out of 5, according to our evaluation and in comparison to over 1000 other brokers for all applied fees. While some services are offered free of charge, others may incur certain fees. More comparison details are provided below:
Our test trade indicates that the firm levies trading commissions as part of its fee structure. The commission rates might fluctuate based on variables such as the asset type being traded and the total trading volume. The broker is recognized for offering competitive commission rates. Nevertheless, the fees and commissions are subject to modifications, so traders are encouraged to verify the latest information on the broker’s official website or contact customer support for the most current and precise details concerning trading commissions. Angel One Commission is deemed good with an overall score of 7.9 out of 5, based on our comparative assessment with other brokers. We observed that the fees are competitive, transparent, and conducive for investment.
It was discovered that the broker adheres to the standard trading hours established by the stock exchanges in India. The regular trading hours for the equity segment are typically from 9:15 AM to 3:30 PM Indian Standard Time (IST) on weekdays, from Monday through Friday. These hours are applicable to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For commodity trading, Angel One follows the trading hours set by commodity exchanges, such as the Multi Commodity Exchange (MCX).
Angel One facilitates a variety of funding methods to streamline the deposit process into trading accounts. Common funding methods include online bank transfers, net banking, and Unified Payments Interface (UPI) transactions, allowing clients to link their bank accounts with their Angel One trading accounts for seamless fund transfers using these online methods. Angel One also supports payments through various payment gateways.
Angel One's funding methods received a commendable score of 7.9 out of 5.0. The fees are low, and clients can benefit from a range of funding methods. Here are some positive and negative aspects identified for Angel One's funding methods:
Angel One Minimum Deposit
Angel One does not enforce a mandatory minimum deposit requirement for opening a trading account, enabling users to begin trading with any amount they feel comfortable with. This is in contrast to most other brokers, which typically have a minimum deposit requirement of $500.
Angel One Withdrawals
Upon analysis, Angel One permits clients to withdraw funds from their trading accounts using various methods. Investors can initiate withdrawal requests through the online portal by specifying the desired amount and preferred withdrawal method. Common withdrawal methods include online fund transfers to the linked bank account, with the processing time for withdrawals varying depending on the chosen method.
Withdraw Funds from Angel One
To initiate a withdrawal from your trading account, Angel One provides a straightforward set of steps:
Login to your account
Select 'Withdraw Funds' in the menu tab
Enter the withdrawal amount
Choose the withdrawal method
Complete the electronic request with the required information
Confirm withdrawal details and submit
Monitor the status of your withdrawal through your Dashboard
Angel One offers a suite of trading platforms to meet the diverse needs of its clients. The AngelOne Trade platform is a web-based trading portal that delivers real-time market data, advanced charting tools, and an intuitive interface for seamless trading experiences. Furthermore, the broker offers a feature-rich mobile app that enables clients to trade on the go, offering access to market insights, portfolio tracking, and the ability to execute trades from smartphones.
Angel NXT, a partner platform, provides a simplified and user-friendly trading experience with features specifically designed for beginners.
Angel One's platform is rated as good with an overall score of 7.9 out of 5.0 when compared to over 1000 other brokers. We regard it as good because the broker provides advanced trading platforms and mobile apps.
Angel One App
According to our analysis, the broker offers a comprehensive mobile application, often referred to as the Angel Broking App or Angel One mobile app. This app is crafted to provide clients with a user-friendly and efficient platform for managing investments on the go. It offers real-time market data, advanced charting tools, and a seamless interface for trading, monitoring portfolios, and accessing research and market insights. With features like secure login, intuitive navigation, and quick order placement, the Angel One mobile app meets the needs of both novice and experienced investors. Users can download the app from their respective app stores, and the brokerage periodically updates the app to improve its functionality and user experience.
The broker provides 24/5 client support through various channels, including phone, email, and live chat, offering timely and helpful assistance for account-related issues, technical queries, or general inquiries about its services.
Customer Support at Angel One is rated good with an overall score of 7.9 out of 5.0 based on our evaluations. We received fast and knowledgeable responses and found the support easy to reach during working days.
Lastly, the broker offers educational resources to help clients enhance their financial knowledge and trading skills. These educational materials include tutorials, webinars, articles, and other resources covering a wide range of topics related to stock market investing, trading strategies, technical and fundamental analysis, and more.
Angel One Education is rated with an overall score of 8.5 out of 5.0 based on our research, indicating that the broker provides valuable learning materials and research that are beneficial for investors looking to improve their understanding of trading strategies.
In summary, Angel One is a reputable stock trading firm in India offering a comprehensive suite of financial services and trading products. The broker is acclaimed for providing user-friendly online trading platforms, along with research and advisory services to assist clients in making informed investment decisions. While the specific features, fees, and services may vary, the firm is recognized for its competitive offerings and commitment to customer support. Nonetheless, it is advisable to conduct your own research and determine whether the broker’s offerings align with your specific trading needs. Based on our findings and financial expert opinions, Angel One is deemed suitable for:
Indian traders
Stocks and Options trading
Currency trading
Investing
Professional trading
Advanced traders
Commission-based trading
Direct Market Access
Competitive trading environment
High-quality educational and trading tools
