Angel Broking: Overview
In this post, you’ll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let’s begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and Rs. 20 per order for Intraday, F&O, Commodity and Currency trading.
Angel Broking Account: Pros and Cons
Pros:
- Daily, weekly and monthly research reports and strategies for the market.
- Wide range of platforms from App to browser based terminal to operate from.
- All types of major financial services provided under one roof.
- Access to all major equity, commodity exchanges and to all market segment.
- Offers investment education program through educational videos.
Cons:
- High initial margin requirement for opening and operating an account.
- Doesn’t offer three-in-one account for its customer.
- Fund transfer to bank account directly not available.
Angel Broking ARQ
The investment advisory tool is offered on Android and IOS devices with various features like live market, mutual funds, portfolio check, market watch up to 21 charts, personalized advisory and global market updates.
Angel Broking’s powerful ARQ tool for investment is automated investment engine that takes emotional bias out of investing that helps in maximizing the performance of equities and mutual funds. It uses big data and analytical tools for formulating strategy and fututre potential of equity stocks.
This service is available through Angel Eye or Angel Broking App. ARQ recommendation has outperformed Sensex 92% of the time in the past 6 years.
Angel Broking Trading Platforms
1. Angel Broking Mobile Trading App:
An android and iOS based application, powered by ARQ technology that supports to trade using a smartphone. You get personalised adviosry services and access to latest market trends.
2. Angel Broking Trade (Website):
It is browser based web trading platform, helps the investor to trade efficiently from different terminals
3. Angel Speed Pro: A powerful trading terminal for the desktop which hosts many different features like Advance Charts with 30-day intraday charts and 20-year historical data, Live News, and Research and technical reports to help traders take a fast & informed decision.
Key Features of ARQ App are:
- Expert Insights
- Machine Learning
- Cognitive Algorithms
Angel Broking has established itself as a most preferred financial service provider amongst investors. Its low-cost brokerage plans for different user profile and investment advisory role for the investors helps investors in wealth creation.
Moreover, it offers a wide range of advanced trading platforms is an edge over other trading platforms. Though initial margin amount required for investment and trading is high which may affect the small investors.
Angel Broking: Account Opening Process
One can open his/her account through online and offline mode.
Angel Broking provides the facility of opening an account within 1 hour of registration through its website. Through digital KYC procedure, there is no need for long paperwork and can enjoy the benefits in shortest possible time.
One can visit the nearest official branch of Angel Broking network to open an account. There you will be assisted by an experienced professional in the opening of an account.
List of Documents required: 1. You require 2 Photographs for self
2. One photograph for the nominee
3. Xerox self-attested copy of PAN card
4. Xerox self-attested copy of address proof (Passport, Aadhar card, driving license, lease agreement etc)
Angel Broking: Account Opening Charges
| Charge Type | Amount |
|---|---|
| Trading Account Opening Charges | ₹600 (One-time) |
| Demat Account Opening Charges | ₹0 |
| Trading Account AMC | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) |
Angel Broking: Commodity Trading
Angel broking does provide trading in the commodity segment through the MCX and NCDEX. To trade in such an account, users will have to open a commodity trading account. The charges are quite reasonable where it has a flat charge of 15 rupees.
Angel broking is a premier stockbroker in the country with well over 100+ branches spread across the country with 11,000 sub-broker branches. It’s quite popular given its trading platforms and the discount brokerage plans it offers in the commodity and other segments.
About Commodity Trading with Angel Broking
The brokerage charge associated with commodity trading with the stockbroker is flat 15 rupees for trades that are less than or equal to 50,000 rupees. Its flat 30 rupees for orders above 50,000 rupees. There is no annual maintenance charge involved. Call and trade facilities will set you back 20 rupees per trade.
All the trades being executed are made through its dedicated trading platforms. These platforms include Angel Broking app, Angel Broking Trade, and Angel Broking Pro. Each one of them having their pros and are free to use for all Angel Broking user. But then, if you look closely at the margins offered by the stockbroker, users can only avail a margin of three times and nothing more.
Benefits of Commodity Trading with Angel Broking
Following are the advantages of Commodity Trading with Angel Broking:
1.Great Leverage: The stockbrokers’ leverage to its customers is up to 40 times, making it one of the highest in the industry.
2. Reports that are Researched: Multiple reports are offered, such as technical reports, fundamental reports, knowledge series reports, and more.
3. Reliable Service: The stockbroker comprises of more than 10 lakh customers and received several awards and recognitions for the services it has to offer.
4. Extensive Network:
The network is enormous, where they have centers in more than 900 cities with excellent customer care associations.
Cons of Commodity Trading with Angel Broking
Following are the disadvantages of Commodity Trading with Angel Broking:
1. Extra Charges for Call and Trade:
Charging 20 rupees for calling and trading is absurd. Other stockbrokers offer this service for free.
2. Unavailability of 3-in-1 Account:
There is a 3-in-1 account, but then a 2-in-1 account is available. With other brokers, you can activate the commodity segment easily. But you have to submit unique forms and request activation with Angel Broking, which is time consuming.
Angel Broking Review
Angel Broking is one of the leading discount stock brokers that offers reliable trading tools with reasonable brokerage fees. Choosing the services offered will not disappoint.
Angel Broking: Currency Trading
Angel broking provides currency trading options with the brokerage fee of 20 rupees per order executed. Currency trading can be executed through its trading tools available online via their website, software and mobile application.
Angel broking happens to be a full-service stock broker that offers a broad array of investment opportunities in the stock market. Along with this, currency trading is also possible. There is no need for a Demat account but only a currency trading account. Moreover, opening the account is free of cost and the charge is only associated via the brokerage fee capped on every trade.
Currency Trading via Angel Broking
Availing currency trading can be implemented through the trading account opened with Angel broking. The process of opening the account is quite simple. Provide your KYC details along with the margin of deposit to start trading in the segment.
The brokerage charged on currency trading is capped at 20 rupees per trade or order executed. however, there could be other charges associated that can be determined through the brokerage calculator provided. But if you’re a new user, then the maintenance charge is eliminated for the first year. However, from the second year, it’s around 450 rupees annually.
Benefits of currency trading with angel broking
- There are no account maintenance charges for the first year.
- Insider trading is eliminated.
- Lower transaction costs associated.
- 24/7 online services with adequate back-end support.
- The stockbroker provides comparatively lower brokerage charges to others provides in currency trading.
- There is no middle person for any transaction to be executed. It’s a simple, seamless and straightforward process.
- The lot size is standardized, meaning the units of currency range from 1,000 – 1,00,000 units.
- Any transactions that users might execute are instantaneous without any delay.
Angel Broking Currency Trading
The stockbroker is a full-fledged broker that provides surplus tools and services in currency trading. Based on your requirements, trading with the stockbroker will not disappoint and provide a productive association. However, the drawbacks include the research that are quite bleak, and the tools might not be powerful enough for a few traders/investors. Other than this, it’s a platform that will fulfil all your currency trading priorities.