One of the biggest full-service retail brokers in India, Angel One , which was founded in 1987, offers online discount brokerage services. The business provides a comprehensive range of trading and investing services, such as stock and commodities broking, investment consulting services, margin lending, loans secured by shares, and distribution of financial products.
As of June 30, 2018, Angel One had 110 branches and 11,000 sub-broker offices spread over 1800+ Indian cities.
In order to compete with affordable stock brokers like Zerodha, Angel One updated their brokerage programs in November 2019. The “Angel iTrade PRIME” flat rate brokerage plan is now available from Angel One. With the exception of equity delivery, which is offered for free to all users, this plan enables trading in all sectors (intraday, F&O, currencies, and commodities) at a flat rate of Rs 20 per deal. All exchanges and segments use the same simple rate.
Angel One is renowned for its top-notch trading platforms and investing guidance. Angel is the first sizable full-service broker to give its clients discounted brokerage prices.
Angel ARQ :
The company’s primary investment advisory tool is called Angel ARQ. It is a rule-based investing engine (robot) that offers customers investment ideas. ARQ makes suggestions for mutual funds and equity stocks. It makes use of cutting-edge technology like Teraflops of computing power, Expert Insights, Machine Learning, and Cognitive Algorithms.
The trading platform that Angel offers incorporates ARQ. It serves as the investors’ personal fund manager. ARQ is merely a tool for advice. There are no fees or requirements for a minimum investment. The decision to heed ARQ advice rests with the client.
Angel One Charges 2022 :
The “Angel iTrade” trading plan from Angel One is the only one they provide. In line with budget stock brokers in India, this online trading plan provides full-service brokerage services for incredibly inexpensive brokerage fees.
Angel iTrade PRIME (Flat Fee Trading) Plan :
Premium brokerage services are available through Angel iTrade at a straightforward flat cost. There are no additional fees associated with this plan other than the Rs 20 call & trade expenses. Comparing this trading strategy to other full-service brokers like Sharekhan, Geojit, and ICICI Direct, brokerage and tax savings range from 60% to 90%.
- For this plan, there is no minimum necessary margin.
- All customers can use free trading software.
- All consumers can get free research and advising services.
- A trade plan for the internet. An additional Rs 20 per trade is levied for call and trade.
Angel One Trading Software (Angel One Trading Platforms) :
Angel One provides brokerage services via a range of installable exe, online, and mobile platforms. All of these trading platforms are accessible to users without charge.
Angel One App (Mobile Trading App)
- It’s a smartphone application built on the Android and iOS platforms that enables trading and market access. Using this platform, trading is possible on both the equity and commodity markets.
Angel One Trade (Website)
- It is a trading platform that runs in a browser. The rates are automatically updated. This platform helps traders and investors access the market from a variety of terminals.
Angel SpeedPro (Trading Terminal)
- An application trading platform offers automatic updates, as well as other features that allow investors to access the market from various terminals.
Angel One Pros and Cons :
Angel One Pros –
- At incredibly low brokerage rates, full-service brokerage services are offered.
- For all markets and exchanges, stockbrokers charge a flat fee of Rs 20 every order. Deliveries of equity without a broker.
- For beginners, training and assistance are offered.
- Securities can be used as collateral for trading on margin.
- Charge nothing for NEFT or fund transfers. (Others demand Rs. 10 per.)
- For intraday square-off and call & trade, just charge Rs 20. (others charge Rs 50).
- Free stock and mutual fund advice and tips (Others do not).
- Even at a bargain brokerage, local sub broker/RM services are available.
- Ability to contact RM in case of problems (Other popular brokers always have busy lines)
Angel One Cons –
- Customers receive funding for their margins on an ad hoc basis. This results in significant confusion for the customer and high interest costs.
- Trading in SME shares is not offered by Angel Broking.
- The sales team led by Angel RM strives to cross-sell additional goods and services.
- There is no GTC/GTT order facility.
- Not a three-in-one account.
Angel One Margin Exposure :
Depending on the stock, Angel One’s intraday trading margin can reach 20% of the trade value (maximum 5x leverage). The intraday trading margin for equity, foreign exchange, and commodities on the BSE, NSE, and MCX is 1.3x. For Angel One F&O carry forward holdings and stock delivery trades, no additional margin is provided.