Angel One Broker Review
Your In-depth Guide to Angel One’s Trading Platform, Charges & Services.
Open Free Account with Angel One1. Broker Overview
Full Name: Angel One Limited (Formerly Angel Broking Limited)
Brand Name: Angel One
Year of Establishment: 1996
Type: Discount Broker (with Full-Service Broker roots & offerings)
Headquarters: Mumbai, Maharashtra
SEBI Registration No: INZ000161534
Depository Participant: CDSL
Website: angelone.in
2. Investment Products Offered
- Equity (Stocks – Delivery, Intraday)
- Equity Derivatives (Futures & Options)
- Currency Derivatives (Futures & Options)
- Commodity Derivatives (Futures & Options – MCX & NCDEX)
- Mutual Funds (Direct & Regular Plans) – ₹0 Brokerage
- Initial Public Offerings (IPOs) – ₹0 Brokerage
- ETFs (Exchange Traded Funds)
- Bonds & NCDs
- SGBs (Sovereign Gold Bonds)
- US Stocks (via partnership
- Portfolio Management Services (PMS – )
- Insurance & Loans (often offered via group companies)
3. Overall Ratings & Breakdown
Ratings adjusted based on reported issues with data transparency, customer support, and research quality.
4. Account Opening & Maintenance
Trading & Demat Account Opening:Free
Annual Maintenance Charges (AMC):
- First Year: Free
- From Second Year Onwards:
- Non-BSDA Accounts: ₹60 + GST per quarter (charged after your first trade each quarter)
- BSDA Accounts (Holdings up to ₹4 lakh): No AMC
- BSDA Accounts (Holdings between ₹4 lakh and ₹10 lakh): ₹100 + GST per year
Process:Online & Offline options available
Required Documents:PAN Card, Aadhaar Card, Bank Proof, Signature, Income Proof (for F&O).
5. Brokerage Charges
Special Offer: ₹0 brokerage up to ₹500 for the first 30 days across Equity Delivery, Intraday, F&O, Currency F&O, and Commodity F&O.
| Segment | Brokerage (After First 30 Days Offer) |
|---|---|
| Equity Delivery | Lower of ₹20 or 0.1% per executed order (minimum ₹2) |
| Equity Intraday | Lower of ₹20 or 0.03% per executed order |
| Equity Futures & Options | ₹20 per executed order |
| Currency Futures & Options | ₹20 per executed order |
| Commodity Futures & Options | ₹20 per executed order |
| Mutual Funds & IPOs | ₹0 (Zero Brokerage) |
6. Other Charges & Taxes
Depository Participant (DP) Charges
| Client Type | Charge for Equity Delivery Sell Transactions |
|---|---|
| Male Clients | ₹3.5 (CDSL) + ₹16.5 (Angel One) = ₹20 + GST |
| Female Clients | ₹3.25 (CDSL) + ₹16.75 (Angel One) = ₹20 + GST |
Regulatory & Government Charges
Securities Transaction Tax (STT)
| Segment | STT Rate |
|---|---|
| Equity Delivery | 0.1% on buy & sell |
| Equity Intraday | 0.025% on the sell side |
| Equity Futures | 0.02% on the sell side |
| Equity Options | 0.1% on the sell side (on premium) |
Goods and Services Tax (GST)
18% on brokerage and all transaction charges.
Stamp Duty (Gujarat Specific Rates)
| Segment | Stamp Duty Rate (Buy Side) |
|---|---|
| Equity Delivery | 0.015% or ₹1500 per crore |
| Equity Intraday | 0.003% or ₹300 per crore |
| Equity Futures | 0.002% or ₹200 per crore |
| Equity Options | 0.003% or ₹300 per crore |
| Currency | 0.0001% or ₹10 per crore |
| Commodity Futures | 0.002% or ₹200 per crore |
| Commodity Options | 0.003% or ₹300 per crore |
Note: Stamp duty rates vary by state. The above are specific to Gujarat.
SEBI Charges
₹10 per crore on transaction value.
Transaction Charges (Exchange Turnover Charges – NSE)
| Segment (NSE) | Transaction Charge Rate |
|---|---|
| Equity Delivery & Intraday | 0.00297% on turnover (buy & sell) |
| Equity Futures | 0.00173% on turnover |
| Equity Options | 0.03503% on premium turnover |
Note: BSE charges may vary.
Other Service Charges
| Service | Charge |
|---|---|
| Call & Trade Services | ₹20 + GST per executed order |
| Auto Square-Off Charges | ₹20 + GST per order |
| Dematerialization | ₹50 per certificate |
| Rematerialization | ₹50 per certificate + actual CDSL charges |
Pledge Creation/Closure Charges
| Pledge Type | Charge |
|---|---|
| Margin Pledge/Unpledge/Invoke | ₹5 + GST (CDSL) + ₹15 + GST (Angel One) |
| MTF Pledge/Unpledge/Invoke | ₹12 + GST (CDSL) + ₹8 + GST (Angel One) |
| CUSPA Pledge/Unpledge/Invoke | ₹5 + GST (CDSL) + ₹15 + GST (Angel One) |
7. Margin & Leverage
Intraday (Equity):Up to 5x (Stock & SEBI specific)
F&O (All Segments):As per Exchange (SPAN + Exposure)
Delivery (Equity – MTF):Margin Trading Facility (MTF) available (e.g., Angel Insta Trade). Interest applies.
Against Pledged Shares:Yes, available post haircut.
8. Trading Platforms
Web:Angel One Trade Web (trade.angelone.in)
Mobile:Angel One Super App (Android & iOS)
Desktop:Angel SpeedPro (Downloadable Terminal)
Notable Features:
- SmartAPI for algo trading
- TradingView & ChartIQ charting libraries
- Insta Trade for F&O, Smart Orders (GTT, Stop Loss, Robo Orders)
- ARQ Prime (Robo-advisory for recommendations – [])
9. Tools, Features & Advisory
Charting:TradingView, ChartIQ on platforms.
Option Chain:Advanced option chain with Greeks.
Strategy Builder:Option strategy builders available (e.g., Sensibull integration – ).
API Access:Yes, SmartAPI (Free for users).
Order Types:Market, Limit, SL, GTT, AMO, Robo Orders (Cover + Bracket).
Research & Advisory:
Angel One provides:
- Research reports (Fundamental, Technical, Derivatives).
- Stock recommendations and market outlooks.
- ARQ Prime (AI-based robo advisory -]).
- Dedicated Relationship Manager support (may vary).
Note on Research & Advisory: User reports suggest potential inconsistencies or dissatisfaction with the depth/quality of research and advisory support. Rating adjusted accordingly.
10. Extra Features & Value Adds
SmartAPI:Free and robust API platform for building custom trading strategies and applications.
ARQ Prime (Robo Advisory):AI-powered investment engine providing personalized stock recommendations.
Smart Money (Education):Comprehensive educational platform with courses, articles, and videos for investors and traders.
Margin Trading Facility (MTF):“Insta Trade” for funding delivery trades. Interest and terms apply.
Wide Network & Support:Leverages its historical full-service broker network for support and reach.
Third-Party Tool Integrations:Often integrates with tools like Sensibull for advanced options trading analytics.
Note: Specific features and their access might vary based on account type or subscription.
11. Pledge Facility
Pledging Allowed?Yes
Pledge/Unpledge Charges:Refer to Section 6 (“Other Charges & Taxes”) for detailed pledge charges.
Margin Time:Usually T+1 day for margin against shares.
12. Fund Transfer & Withdrawal
Supported Fund Transfer Methods:Net Banking, UPI, NEFT/RTGS/IMPS.
Withdrawal Process & Time:
Online process. Standard withdrawal processed usually on the same day or next working day if requested before cut-off.
Fund Transfer/Withdrawal Charges:Generally Free. [Verify any specific method charges].
13. Customer Support
Support Channels:
- Email: support@angelbroking.com or support@angelone.in
- Phone Support: [Enter Toll-Free / Support Numbers, e.g., 080-47480048]
- Live Chat / Chatbot (“Ask Angel”)
- Branch/Sub-broker Support (Pan-India presence)
- Dedicated Relationship Manager (may be available, service quality can vary)
- Comprehensive FAQ & Help Section
Support Timings:Generally 8:45 AM – 5:45 PM on trading days. [Verify exact timings].
Turnaround Time (TAT):Varies by channel and complexity. User feedback suggests potential delays or dissatisfaction.
Note on Customer Support: User feedback indicates areas for improvement in responsiveness and issue resolution. Rating adjusted accordingly.
14. ANGEL ONE BROKER COMPLAINT DATA (FY 2024–25)
NSE (National Stock Exchange)
Active Clients: Data not specified
Total Complaints: Data not specified
Resolved: Data not specified
Non-Actionable: Data not specified
Pending: Data not specified
BSE (Bombay Stock Exchange)
Active Clients: Data not specified
Total Complaints: Data not specified
Resolved: Data not specified
Non-Actionable: Data not specified
Pending: Data not specified
Source: Angel One Investor Complaints data.
Important: The absence of specified complaint data makes it difficult to assess current performance comprehensively. Complaint data is dynamic; always try to cross-verify with official exchange reports for the latest figures and consider the complaints-to-active-clients ratio when available.
Important: The absence of specified complaint data makes it difficult to assess current performance comprehensively. Complaint data is dynamic; always try to cross-verify with official exchange reports for the latest figures and consider the complaints-to-active-clients ratio when available.
15. Why Choose Angel One? (And Why It Might Not Be For You)
Reasons to Use Angel One (Pros)
- Special introductory offer: ₹0 brokerage up to ₹500 for the first 30 days.
- Competitive brokerage post-offer (e.g., ₹0 for MFs/IPOs, flat ₹20 for F&O).
- Offers a full suite of trading platforms: Web, Mobile (Super App), Desktop (SpeedPro).
- SmartAPI access for algo trading at no cost.
- Long-standing brand with extensive experience in the Indian market.
- Wide range of investment products including commodities.
- Comprehensive educational platform (Smart Money).
Reasons to Reconsider Angel One (Cons)
- AMC applicable after the first year (though waived for some BSDA accounts).
- User interface of the newer Super App might still be stabilizing for some users.
- Concerns reported regarding customer support responsiveness and research quality.
- Absence of specified, detailed complaint data from the broker can be a concern for transparency.
- Call & Trade charges apply.
- Some research features or RM support might be tiered or may not meet all users’ expectations.
16. Current Offers & Referral Program
Account Opening Offers:Includes ₹0 brokerage up to ₹500 for the first 30 days. Other offers like free Demat account opening, brokerage credits, or ARQ Prime subscription may be available. [Check Site]
Refer & Earn:Yes, Angel One has an active referral program offering vouchers or other benefits.
Promo Code:May be available during specific campaigns or via referrals.
Important: Offers are dynamic. Always verify current promotions on Angel One’s official website.