Angel Broking

BASIC INFORMATION:

Angel Broking is an online share trading brokerage firm in India. Angel Broking Ltd (formerly Angel Broking Private Limited) was established in 1987 by founder Dinesh Thakkar, who is the current CEO. The broker‘s head office is in Mumbai, India. However, the broker has a presence of over 1,000 offices across India, such as Kolkata and Kerala. It also has a user base of over 5 million. The company offers financial products across equities, F&O, currencies and commodities. Angel Broking is currently a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. The company’s target share prices can be viewed on Money Control. Additionally, Angel Broking is a SEBI registered stockbroker and a depository participant with Central Depository Services Limited (CDSL).

REGULATORY INFROMATION: LICENSE

No valid regulatory information. Please be aware of the risk!

MARKETS

Angel Broking offers trading in equities, commodities, currencies, IPOs, mutual funds, futures and options. The broker only offers four currency pairs i.e., USD/INR, EUR/INR, GBP/INR & JPY/INR. Angel Broking also supports futures and options in agriculture, minerals and precious metals like gold and silver. The broker recently launched international investments for Indian traders. This means you can invest in US stocks with its Vested Finance partner.

FEES

.The brokerage charges a flat INR 20 or 0.25% fee (whichever is lower) on pre-executed orders on intraday, F&O, commodities and currencies, regardless of order size. There are no hidden charges on equity delivery trades. Additionally, there is a zero-brokerage plan on AMC charges for the first year of opening the account under their Angel iTrade Prime Plans. Note that intraday charges are different from equity delivery charges and follow the flat INR 20 pricing model. Angel Broking has an annual maintenance charge of INR 240 on Demant Account

If in doubt, the brokerage offers a calculator tool that works out and compares brokerage charges for commodities, currency, equity futures and options, intraday and carry forward transactions. You can do this across different stock and commodity exchanges. The calculator also levies transaction charges, state-wise stamp duty, Securities Transaction Tax (STT), Goods and Services Tax (GST) and more.

The broker is very transparent with all additional fees on their T&Cs and website. There, you can find a breakdown of tax and regulatory fees, such as Security Transaction Tax (STT), SEBI charges and stamp charges.

LEVERAGE

Compared to other international brokers, Angel Brokings leverage limits are generous (up to 1:40) and vary depending on the asset. However, the trading margin requirement is considered low:

· Equity Delivery: 1:20

· Equity Intraday: 1:40

· Equities Futures: 1:10

· Equities Options: 1:10

· Commodities CFDs: 1:10

· Forex Options Contracts: 1:7

· Currency Futures Contracts: 1:5

Users can access a margin calculator to calculate initial margin charges when trading futures and options. This reduces risks and protects the broker from misinformation on margins and leverage in an already risky trading environment

ACCOUNT TYPES

Angel Broking offers six account types. The account opening process can take as little as 5 minutes and has no account opening charges on new accounts. Users have to strictly comply with KYC regulations by completing a form providing proof of identity, address and other documentation.

Demat Account

Angel Broking offers a free lifetime Demat account. This account is suited to traders that want to hold shares and other securities offered by the broker in an electronic format, without the need for any paperwork. Members can open as many Demat accounts as they wish. However, a DP charge of INR 20 per debit transaction applies.

Non-resident Indians (NRIs) can open a Demat account but they must abide by the rules of the Foreign Exchange Management Act (FEMA). Additionally, NRIs are charged a yearly maintenance fee of INR 450 plus tax.

Trading Account

A trading account provides an interface to buy and sell shares on the stock market, which differs from a Demat account that holds the investors securities. A trading account on Angel Broking allows you to trade all asset classes in one single platform.

Margin Account

This account is for members who want to trade on margin instead of cash. The margin account on Angel Broking is subject to leverage and margin requirements, which is a 40% initial margin and 50% maintenance margin under SEBI guidelines.

Intraday Trading Account

Angel Brokings Intraday Trading Account is designed for day traders that want to buy and sell securities within one trading day. The broker offers several features on its platforms suited for intraday trading, such as 1:10 leverage, 30-day charts, margin calculators and delivery exposure calculators.

IPO Account

Opening an IPO account requires you to also open a Demat account to buy and sell shares. An IPO account allows investors to invest early before a company becomes successful and make immediate gains once the share is listed on the exchange.

Hybrid Accounts

Angel Broking offers a 2 in 1 account, which integrates a Demat and trading account. Therefore, when you buy shares through your trading account, it provides a seamless movement of funds into your Demat account. 3-in-1 accounts are offered by brokers, such as Angel Broking, that also have banking operations within the group.

PAYMENT METHODS

Deposits

There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay. AMarkets does not charge for deposits and processing times are instant for all methods, except for bank transfers, which take 3 – 5 business days.

Withdrawals

Withdrawal fees start from 0.5% for Perfect Money and Fasapay. Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank. The minimum withdrawal amount for most methods is 10 USD or EUR. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer.

TRADING PLATFORMS

· Angel One Trade

· Angel SpeedPro

· Aagel One App

TRADING HOURS

Angel Broking adheres to normal share market timings, which are 09:00 to 15:30 IST. After-hours trading is also available from 15:45 to 08:57 IST on the next trading day

CUSTOMER SUPPORT

If you have a query, encounter a login problem or forgot your user ID web login, you can contact Angel Brokings customer care:

· Helpline Phone Number: 68071111 | 42185454

· Email Address: support@angelbroking.com