Angel broking was set up in 1987,and since then it has become a reputed company in the field of stock broking.Angel broking is a member of NSE,BSE and commodity exchanges such as NCDEX and MCX.They have retail chains across India.They are known to have a nationwide network of 17 Regional Hubs, Presence in 900 plus cities and over 8600plus sub-brokers.They have more than 8 lack plus clients.
Financial news channels regularly feature their analysts.They are registered with CDSL as their depository.
Angel broking charges for 2016:
Account opening charges:
AMC(Annual maintenance fee):As per the account opening type
Stock trading account:NIL
Commodity trading account:NIL
They charge the brokerage differently for different accounts.They have different account types based on which you will be charged.
ANGEL BROKING’S CLASSIC ACCOUNT(Account to be opened with a deposit of Rs.10,000.)
This account is for beginners who are entering the stock market for the first time with an initial investment of Rs.10,000.This margin provided initially will determine the brokerage one has to pay.For initial investment of Rs.10,000 to Rs.24,999,this is the type of account opened by them.They charge an AMC of Rs.450 for this account.
ANGEL BROKING’S PREFERRED ACCOUNT(Account to be opened with a deposit of Rs.25,000.)
This account is to be opened with an initial investment of Rs.25,000.No AMC will be charged for 1 year. Thereafter an AMC of Rs.450 will be charged per year.
ANGEL BROKING’S PREMIER ACCOUNT(Account to be opened with a deposit of Rs.50,000.)
This account is for those whose initial investment will be between Rs.50,000 to Rs.99,999.These customers have to pay very low brokerage of 0.176% for delivery and 0.0176% for futures and intra-day.
ANGEL BROKING’S ELITE ACCOUNT(Account to be opened with a deposit of 1lakh)
This account is opened for those who has an initial investment of Rs.1 lakh and more.Least brokerage is charged with this type of account.No AMC is charged for a period of 3years.From then on Rs.450 is charged per year as AMC.
After starting trade with them, you can negotiate your brokerage and limit with them as well.Depending on the number of trades done by you, they will be able to provide competitive brokerage rates.They are customizable to customer’s need.
They provide different trading platforms to its customers. Angel eye is the web-based service for the customers. This platform is a boon for day traders as they buy and sell several times a day.It provides services such as portfolio tracker ,research information for stocks and trading charts for traders.
Angel speed pro is an application based trading platform.You need to install a software to trade with this platform. This platform is for professional traders.
Mobile browser-based trading platform provided by them is Angel-lite.20 scrips can be added to the market watch list.This is for traders on the go.
Android based application provided by them is Angel Swift.Through this platform, one can trade through mobiles and tablets.This is for those who are not sitting beside a computer and wants to trade on the go.