Angel Broking provides stock trading accounts as well as Demat accounts. But is Angel Broking free? While trading with Angel Broking, the customer is responsible for all fees, commissions, and taxes. The following is an explanation of Angel Broking’s pricing structure and trading commission rates.
Although there is no account opening fee with Angel Broking. Angel Broking, like all other brokerages, is not totally free. Angel Broking offers:
- Free Equity Delivery Trades for Lifetime with no hidden charges.
- Flat Rs. 20 or 0.25% (whichever is lower) Per executed Order for intraday, F&O, Commodities & Currencies.
- Zero AMC charges For First Year.
Let’s have a look at the equity charges at Angel Broking –
| Angel Broking Charges | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
| Brokerage | Zero Brokerage | ₹ 20 / Executed Order Or 0.25% (Whichever Is Lower) | ₹ 20 / Executed Order Or 0.25% (Whichever Is Lower) | ₹ 20 / Executed Order Or 0.25% (Whichever Is Lower) |
| STT | 0.1% On Both Buy & Sell. | 0.025% Only On Sell. | 0.01% Only On Sell. | 0.05% Only On Sell (On Premium) |
| Transaction Charges | NSE: 0.00335% On Turnover Value (Buy & Sell) # NSE: 0.00275% On Turnover Value (Buy & Sell) BSE: Charges Vary As Per The Scrip Group* | NSE: 0.00335% On Turnover Value (Buy & Sell) # NSE: 0.00275% On Turnover Value (Buy & Sell) BSE: Charges Vary As Per The Scrip Group* | NSE: 0.00195% On Total Turnover Value | NSE: 0.053% On Premium Value |
| Demat Transaction / DP Charges | ₹ 20 / Scrip Only on Sell. | No Charges | No Charges | No Charges |
| GST | 18% (On Brokerage, DP, Transaction, SEBI Charges) | 18% (On Brokerage, Transaction, SEBI Charges) | 18% (On Brokerage, Transaction, SEBI Charges) | 18% (On Brokerage, Transaction, SEBI Charges) |
| SEBI Charges | ₹ 10 / Crore | ₹ 10 / Crore | ₹ 10 / Crore | ₹ 10 / Crore |
| Stamp Duty Charges | 0.015% Of Turnover Value (Buyer) | 0.003% Of Turnover Value (Buyer) | 0.002% Of Turnover Value (Buyer) | 0.003% On Premium Value (Buyer) |
It is also important to note that:
- Brokerage is levied per executed order across all segments.
- Order value for options is calculated as (Strike + Premium) x Lot Size. brokerage Is also charged on Expired, Exercised and Assigned Options Contract.
- Stamp Duty, GST, Education Cess & other statutory levies (If Any) will be charged as applicable.
- Above tariff Is subject to change. Changes if any will Be intimated 30 days in advance.
- Angel Broking shall levy brokerage for the client’s transactions as Per the brokerage slabs subject to the Maximum Rate Prescribed by The Stock Exchanges / SEBI.
Charges Explained
Angel Broking has streamlined brokerage expenses by instituting flat fees on intraday trading and providing free lifelong security delivery to your DEMAT. However, there are various fees and taxes that they must collect from you. Angel Broking believes in complete openness at all levels, thus below is a complete breakdown of all fees associated with your transaction.
Please keep in mind that these fees are subject to change in the future, depending on government and regulatory directions.
Security Transaction Tax (STT)
It’s a direct tax levied on every security transaction in the exchange, collected by the broker. STT is charged for both buying and selling on equity delivery, and on selling on intraday and F&O.
Transaction / Turnover Charges
Transaction / Turnover charges are levied by exchanges (NSE, BSE, MCX, NCDEX) and clearing charges are levied by clearing member for settling trades done by the clients.
Call and Trade
An additional charge of Rs 20 applies to all executed orders placed over the phone.
Offline Trade
Trades that are not done online by clients are considered offline trade. For e.g.: Margin Square-off, RMS Square-off, Auto Square-off, contract expiry, etc.
Stamp Charges
Until now, variable stamp charges applied at different states as per the Stamp Duty Act of 1899 on instruments transacted in the stock exchange. From July 1, 2020, the government has decided to replace the current system with new uniform stamp duty rates in shares, debentures, futures, and options, currency, and other capital assets. Please refer to the list above for the current rates.
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GST
An 18 percent GST applies on brokerage, transaction charges, SEBI Charges, and Risk Management charges.
SEBI Charges
The Security and Exchange Board of India (SEBI) charges fees on security transactions for regulating the market. Please check the above table for rates.
Account Maintenance Charges
Monthly account maintenance charges are fixed at Rs.20 + Taxes
Depository Participant (DP) Charges
Rs 20 plus GST applies per scrip irrespective of volume when stocks are sold from the holding. Depository participant charges are collected by the depository and depository participant, that is Angel Broking.
