Angel Broking, founded in 1987, is one of India’s top full-service retail brokers, providing online discount brokerage services.
Stock and commodities broking, investment counseling services, margin finance, loans against shares, and financial product distribution are among the company’s investing and trading services.
As of June 30, 2018, Angel Broking had 110 branches and 11,000 sub-broker offices across India, with a total of 1800+ cities.
Angel Broking updated its brokerage programs in November 2019 to compete with inexpensive stockbrokers like Zerodha. Angel Broking currently provides the ‘Angel iTrade PRIME‘ flat-rate brokerage package.
This plan allows customers to trade in all sectors (Intraday, F&O, Currencies & Commodities) for a set of Rs 20 per trade, with the exception of Equity Delivery, which is available to all users for free. Across exchanges and segments, the same straightforward rate applies.
Angel Broking is well-known for its cutting-edge trading tools and expert financial guidance. Angel Broking is the first large-scale full-service broker to provide reduced brokerage costs to its clients. Stock trading and Demat account services are provided by Angel Broking.
All fees, charges, and taxes are the responsibility of the consumer while trading with Angel Broking. The pricing structure and trading commission rates of Angel Broking are explained here.
To open an Angel Broking account you do not have to pay any account opening charges but there is an annual maintenance charge (AMC).
Angel Broking Account Opening Charges | Angel Broking AMC 2021
|Trading Account Opening Charges (One Time)||Rs 0 (Free)|
|Trading Annual Maintenance Charges AMC (Yearly Fee)||Rs 0 (Free)|
|Demat Account Opening Charges (One Time)||Rs 0 (Free)|
|Demat Account Annual Maintenance Charges AMC (Yearly Fee)||Rs 240|
Angel Broking Transaction Charges (Exchange Turnover Charge)
The table below shows a combination of Exchange Turnover Charge and Trade Clearing Charge.
Angel Broking Transaction Charges 2021
|Equity Delivery||NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)|
|Equity Intraday||NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)|
|Equity Futures||NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)|
|Equity Options||NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)|
|Currency Futures||Rs 190 per Cr (0.0019%)|
|Currency Options||NSE Rs 5000 per Cr (0.05%)(on premium)|
|Commodity||MCX Rs 150 per Cr (0.0015%) | NCDEX Rs 300 per Cr (0.003%)|
Angel Broking is a full-service broker in India that is both safe and reputable. Excellent management, cutting-edge technology, simple brokerage programs, and offline networks are all advantages of this company.
Angel Broking’s ARQ technology is fully algorithmic and does not require any human involvement. We hope you found our post on Angel Broking Account Opening Charges to be informative!