- Summary:
- Angel One Broker is regulated by (SEBI). It is important to note that the clients are not eligible for Investor protection
Table of Contents
In today’s broker review, we will take a look at an iconic Indian financial powerhouse that has been quietly reshaping the investment landscape since its inception. With roots that run deep into the early 90s, Angel One isn’t just a brokerage; it’s a legacy of evolving financial wisdom. Angel One merges tradition with cutting-edge technology, offering a platform that resonates with the old guard and the younger investors. Join us as we unravel the layers of a brokerage that’s as much about the past as it is about the future.
Types Of Accounts Offered
- A trading account for users who intend to buy and sell shares on the stock market.
- A margin account is available for those who want to trade margin. Under the SEBI rules, the leverage margin is 40% initial and 50 % maintenance.
- The Demat (dematerialisation) account is for traders who want to hold their shares in electronic form without the need for paperwork.
- The Intraday Trading account for day traders.
- A two-in-one account that integrates a Demat and a Trading account.
Regulation
While Angel One proudly operates under the watchful eye of the Securities and Exchange Board of India (SEBI), it’s worth noting that this regulatory embrace, while firm and familiar, doesn’t extend its arms to offer the added layers of user protection that some might expect. In this dance with SEBI, Angel One maintains its rhythm, but without the safety net that other global regulatory bodies might provide.
Fees Charged By Angel One Brokers
The brokerage charges are nominal, starting at ₹20 per order for equity intraday, futures, and options, regardless of the trade size. This transparent pricing structure is one of Angel One’s strongest selling points. It also charges INR 20 for the monthly account maintenance fee.
Advantages of Angel One brokers
- Many assets are available to trade.
- Offers educational materials for its users.
- It has a demo account to help users practice trading without risking real money.
- Angel One has a discount brokerage model, hence competitive pricing.
- Reliable customer support.
- User-friendly trading platforms like mobile apps available.
Disadvantages of Angel One Brokers
- Only available for Indian citizens and residents.
- It only trades the Indian markets.
- Does not support credit card deposits.
- Limited Customization While its platforms are feature-rich, they offer limited customization options compared to its competition.
- Customer Support Response Time some users have noted that the response time is often slow, especially during peak hours.
Angel One is one of India’s largest full-service retail brokers. It also has excellent educational tools for beginner investors.
Conclusion
Angel One’s trading platforms are robust, user-friendly, and technologically advanced. Angel One is a good choice for Indian-based investors seeking a full-service brokerage with the cost benefits of a discount broker.
Read about other broker reviews here.