According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- from $10
- Angel Broking Trade
- Angel SpeedPro
- Angel SmartAPI
- Angel Broking App
- Margin trading of shares is available — from 1:50 to 1:300 for Forex accounts
- It is forbidden to trade currency pairs that do not include INR
Our Evaluation of Angel One
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Angel One is a moderate-risk broker with the TU Overall Score of 6.49 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Angel One clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Angel One is a broker that offers optimal trading conditions for investing and active trading and is suitable for market participants regardless of their trading experience.
Brief Look at Angel One
Angel One is an Indian broker that has been providing financial services since 1987. The company has its head office in Mumbai. The broker is regulated by the NSE (National Stock Exchange of India, 12798), MSEI (Capital Stock Exchange of India), BSE (Bombay Stock Exchange, INZ000161534), NCDEX (National Commodity and Derivatives Exchange, IN-DP-384-2018), and MCX (Multi-Commodity Exchange, 12685). Both Forex asset trading and investing are at your disposal at Angel One (Angel Broking), even with the aid of consultants and managers.
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- Suitable for both novice traders and professionals.
- Offers a vast array of trading assets.
- Provides clients with a large number of training materials and instruments for technical and fundamental analysis.
- It makes it possible to trade from a personal computer, tablet, or smartphone.
- The support service works around the clock, 7 days a week.
- There is an opportunity to receive income for participating in an affiliate program or using investment programs.
- To open a demo trading account, a trader must reach out to the broker directly, as there is no form for opening a virtual account on the website.
- Starting from the second year, a trader will be charged a fee for maintaining the account for using a trading account.
- There is no way to replenish or withdraw funds using electronic payment systems and wallets.
TU Expert Advice
Financial expert and analyst at Traders Union
Angel One is a broker that aims to cooperate with professional traders and investors, as well as newcomers to the stock and foreign exchange markets. The company allows you to open a trading account depending on the needs of the client: for trading stocks, currency pairs, IPO, as well as a margin account, which involves the use of a broker's funds to make transactions.
Due to its broad specialization and lack of skill requirements in trading, Angel One can be a real catch for any Indian over 18 years of age. The broker also provides a vast array of training materials that will be useful to both beginners and professional market participants. There is also an opportunity to make a profit without independently making transactions, by participating in a referral or investment program.
The disadvantages of the broker include the lack of electronic payment systems and e-wallets for replenishing a trading account; and withdrawing funds, and a long account verification procedure because the broker requests an extensive package of documents to verify identity. The broker also charges clients a fee for servicing the account.
Angel One Summary
| 💻 Trading platform: | Angel Broking Trade, Angel SpeedPro, Angel SmartAPI, Angel Broking App available for iOS and Android |
|---|---|
| 📊 Accounts: | Demat Account, Margin Account, IPO Account, Trading Account, Intraday Trading Account |
| 💰 Account currency: | IDR |
| 💵 Deposit / Withdrawal: | Debit card, payment gateways of banks ICICI Bank, HDFC Bank, Axis Bank, SBI and Citibank; NEFT, RTGS, IMPS; transfer of funds by check or DD. For Forex accounts, credit card and bank transfer and top-ups are available. |
| 🚀 Minimum deposit: | 10,000 INR for Demat account / $10 for Forex asset trading |
| ⚖️ Leverage: | Margin trading of shares is available — from 1:50 to 1:300 for Forex accounts |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.1 |
| 💱 EUR/USD spread: | Fixed: 20 rupees / 0.25% of the transaction amount |
| 🔧 Instruments: | Stocks, currency pairs, options, futures, commodities, derivatives, securities, mutual funds |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Not indicated |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No |
| ⭐ Trading features: | It is forbidden to trade currency pairs that do not include INR |
| 🎁 Contests and bonuses: | Offers of the Month program is available |
Angel One provides optimal trading conditions for active trading and investment. Moreover, the client's experience in trading does not matter. The broker offers several trading platforms to choose from, including a mobile application for managing assets from a smartphone. Angel One clients have access to margin trading and Forex asset trading with leverage up to 1:300. To receive passive income, users can use investment programs or take part in a referral program. The fee for the execution of transactions depends on the assets, the minimum spread is 20 rupees or 0.25% of the transaction amount, whichever is lower.
Angel One Key Parameters Evaluation
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Trading Account Opening
The first step to trading with Angel One is to register on the broker's website and open an account. This can be done online by following these steps:
Go to Angel One's official website. On the main page, click on the Open Demat Account button in the upper right corner to open a new trading account, or on the Login button to log in.
In the short questionnaire, indicate your name, phone number, and the city in which you live.
An OTP will be sent to the phone number you specified during registration. It must be entered in the apropos window to confirm your phone number.
Now provide your date of birth, PAN number, email address, bank account details, and provide the broker with your KYC details to verify your identity.
The broker will send a letter to your email confirming your registration on the Angel One website.
You can also find additional information in your Angel One personal account:
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History of financial transactions of account replenishment and withdrawal of funds.
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History of trading operations.
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Legal documentation regulating the broker's activities.
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Affiliate program statistics.
Regulation and safety
Angel One is a reliable company for trading and investing in India. The company is regulated by the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE), Metropolitan Stock Exchange of India Limited (MSEI).
The National Commodity and Derivatives Exchange Limited (NCDEX) and the Multi-Commodity Exchange of India (MCX) also act as regulators. In addition, Angel One is the custodian of the CDSL. The broker does not offer clients to keep funds in segregated accounts, nor was the payment of financial compensation to clients in the event of the company's ruin envisaged.
Advantages
- A vast array of regulatory bodies that oversee Angel One's responsibilities to them and customers
Disadvantages
- Client funds are not protected as they are kept by the broker
- To open an account, a trader must provide the broker with a package of identity documents
- Lack of financial compensation
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Demat Account | $0.27 / 0.25% of the transaction amount | 20 rupees per debit transaction / 50 rupees per debit transaction for BSDA customers |
| Margin Account | $0.27 / 0.25% of the transaction amount | 20 rupees per debit transaction / 50 rupees per debit transaction for BSDA customers |
| IPO Account | $0.27 / 0.25% of the transaction amount | 20 rupees per debit transaction / 50 rupees per debit transaction for BSDA customers |
| Trading Account | $0.27 / 0.25% of the transaction amount | 20 rupees per debit transaction / 50 rupees per debit transaction for BSDA customers |
| Intraday trading account | $0.27 / 0.25% of the transaction amount | 20 rupees per debit transaction / 50 rupees per debit transaction for BSDA customers |
The broker does not provide data on the fee for transferring a position to the next day (swap). We compared the fee figures at Angel One with those of the leading brokers. Based on the data obtained, each company was assigned a low or medium level of commission fees.
| Broker | Average commission | Level |
|---|---|---|
|
$0.27 | |
|
$4 |
Account types
Angel One broker is agog to cooperate with traders and investors, regardless of their experience in trading. Any resident of India can become a client of the company, provided that he is at least 18 years old.
Account types:
A demo account for testing trading conditions and strategies is available only for the Trading Account. If you want to use it, contact your broker.
Deposit and withdrawal
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For depositing and withdrawing funds, Angel One clients can use the payment gateways of ICICI Bank, HDFC Bank, Axis Bank, SBI and Citibank, IMPS interbank transfer, RTGS money, and securities transfer system, NEFT national funds transfer. Payment by check, DD, or debit card is also available.
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Transfer through payment gateways is carried out instantly. Funds transferred through the NEFT and RTGS systems are credited within 2 hours if the trader requested 9 am to 6 pm. Transactions through the IMPS system are carried out instantly at any time of the day. Transfers by check and DD are available to clients who trade offline, the operation takes 2-3 days.
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Angel One does not charge customers for incoming and outgoing transactions. However, a fee is charged by payment systems. For a transfer through payment gateways, the client is charged a fee of 10 to 20 rupees, the IMPS system sets the amount of the fee individually. Translation via NEFT and RTGS is free.
Investment Options
The broker offers investment programs for beginners and traders who do not want to spend time studying the market for profit.
Portfolio management services
Angel One invites investors to use the services of professional managers who will help build a portfolio and achieve the investor's financial goals.
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The portfolio is managed by qualified professionals.
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The services include portfolio diversification.
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Managers manage not only assets but also risks.
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If necessary, the investor can switch from one trading strategy to another.
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The user receives reports on monthly portfolio profitability, quarterly report and CA certified report.
ARQ Prime
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The result of independent trading is often influenced by the human factor, while the ARQ system is devoid of emotions. It is an algorithm that scans market offers and suggests the most promising investment options.
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The program is updated in real-time, which allows you to stay up to date with the current market situation.
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The algorithm establishes the most profitable entry and exit points.
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The system minimizes possible losses in the early stages.
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The service can be used from a mobile device.
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The program is based on proven investment rules.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Angel Broking’s affiliate program
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Authorized person. The program is designed for experienced market participants who have extensive experience in asset management and have a 10+2 or HSC qualification. The partner's task is to make deals instead of a trader. For the provision of services, the partner receives a financial reward, which is a fee from each transaction. The amount of remuneration depends on the trader's qualifications, the number of accounts to be managed, and other factors.
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Smart Money. Traders with any trading experience can participate in the program since the main task of a partner is to attract new clients to the company. Each partner receives an individual referral link, and for each invited referral, the partner receives bonuses such as discount coupons for various product groups.
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The amount of bonuses in both affiliate programs depends on the trader himself: how many accounts he is ready to manage, how actively he shares a link to the broker on social networks and other platforms.
Customer support
To solve issues, Angel One users can reach out to the support service, which works 24/7.
Advantages
- The broker provides contact information for resolving various issues: support, investment advice, desire to become a partner, and media queries
- A separate page contains answers to the most popular questions (FAQs) from traders and investors of Angel One
Disadvantages
- No callback function and no feedback form
Available communication channels with customer support specialists:
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a call to one of the phone numbers indicated in the "Contact Us" section;
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letter to email;
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message to the online chat on the broker's website.
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also, the broker's representatives are on social networks and messengers, including Twitter, Facebook, Instagram, YouTube, and LinkedIn.
Contacts
| Foundation date | 1987 |
|---|---|
| Registration address | G-1, Ackruti Trade Center, Road No. 7, MIDC, Andheri (E), Mumbai |
| Regulation | BSE, NSE, MSEI, NCDEX, MCX |
| Official site | angelbroking.com |
| Contacts |
022 - 49394939
|
Education
Angel One provides its clients with a wide information base. On the broker's website, you can find training materials and articles on the nuances of working with different assets in the Knowledge Center section, as well as instruments for market analysis such as technical and fundamental research, market reviews, and much more in the Platforms - Tools & Research section.
Angel One does not allow customers to test the knowledge gained on a virtual account without financial risks. Trading is only available on a real account.
Detailed Review of Angel One
Angel One allows clients to trade in both the foreign exchange and stock markets. The broker offers a vast array of services and assets, referral programs, and investment offers. This makes Angel One universal because its trading conditions satisfy most active traders and investors.
A few figures about Angel One:
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30+ years of providing financial services on the market.
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140+ indicators built into trading platforms.
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21 free modules for training beginners and professional development of market participants.
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2+million open accounts.
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7+ million downloads of the Angel One App.
Angel One is a broker for active traders and investors with or without experience in trading.
Angel One is a broker that offers access to both the stock markets and the Forex market. The range of instruments includes currency pairs, commodities, stocks, options, futures, and IPOs. The broker offers diverse accounts for trading different assets. Trading conditions are universal and do not depend on whether the client has chosen to trade exclusively in stocks, IPOs, futures, or settled on a common account, which gives access to all trading assets.
The company offers several trading platforms to choose from. Angel SpeedPro is a desktop application for entering the stock market, Angel One Trade is a web platform, so it does not need to be installed on a PC, it is enough to open a browser from any device. For convenient trading from smartphones, the broker has created the Angel Trading App, a mobile application available for iOS and Android.
Useful Angel One services:
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Basic research. This section includes a market overview, a list of the best stocks to invest in, company reports, and an IPO overview.
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Technical research. A service where you can view weekly and daily reports, as well as reports on rollovers.
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Information research. The section includes the broker's blog, mentions of the broker in the press, stock market reports, technical reports, fundamental stock analysis.
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Market updates. Here you can find up-to-the-minute information about the commodity market, arbitrage trading, IPO updates, as well as announcements of events that may affect the market.
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Calculators. Angel One offers 11 calculators for traders to calculate margin, compound interest rates, brokerage, EBITDA, NPV, CAGR, and more.
Advantages:
A wide range of assets for trading and investing.
The broker is under the supervision of 5 financial regulators.
Extensive database with tutorials, videos, podcasts, and free modules.
The presence of investment and referral programs, which allows you to receive passive income.
The broker is suitable for both professional market participants and beginners.
There are publicly available tools that allow you to monitor the market conditions.
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