Angel Broking Review

Angel Broking Review 2020 | Legit Unbiased Trading Account Review

I started using Angel Broking Demat account in 2018. Now It has been more than 2 years and I am loving the service which Angel Broking provides. in this post we are going to find Angel Broking Review. 

Angel Broking has more than 30 years of experience as a broker. They have more than 14 lakh active customer on their platform. More than 1 million people downloaded their mobile application from play store and rated 4+ star.

There are many things which I explored in Angel Broking trading platform in the past few years. Many of them are the best in the industry. You are here means you are also planning to open your Demat account in Angel Broking.

I am a big fan of Angel Broking Demat account but there are some disadvantages and issue which I faced in the last few years.

In this post, I am going to review Angel Broking Demat Account and will tell you what I like and don’t like about Angel Broking.

I will also share my link for account opening where you will get the following benefits:

  • Free Demat Account opening
  • Zero Account Maintenance Charges for First Year
  • Zero Rupee Charges for Equity delivery Shares By
  • Assistant Provided for Account opening if you face any issue

Other than above Benefits I will also share “How you can redeem New Offers or free Coupons for Demat account Opening?” at the end of this post.

Before I start My Angel, Broking Review lets know a few things about Angel Broking. You can skip this part if you are interested in exploring things about Angel Broking. But I will recommend you to read this part also.

  • Brokerage
  • Account Opening and Maintenance Changes
  • User Friendly
  • Margin
  • Research and Analysis
  • Charts and Other Tools
  • Customer Support
  • Mutual Fund


Angel Broking become one of the largest independent full-service brokers.They have more than 33 years of experience as a broker. Angel Broking offers your brokerage free Trading account for Equity Delivery. Demat account opening in Angel Broking is free. Angel Broking Trading terminal is very simple and user friendly. You can read Full Information in this post ahead.

Everything you should know about Angel Broking

Angel Broking become one of the largest independent full-service brokers in terms of active clients on 31 July 2018 on NSE. Angel Broking started their service as a broker in 1987. Currently, they have more than 33 years of experience as a broker.

Angel Broking has pan India presence having branches in more than 1,800 cities. Currently, Angel Broking is member of all big exchanges of India. They are listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX.

The Account opening process of Angel Broking is very easy. They have more than 11,000 sub-brokers in India which makes account opening very easy and fast.  

Currently, they provide service in Broking and advisory, margin funding, loans against shares (through one of our Subsidiary, Angel Fin-cap Private Limited), and financial products distribution to their clients.

So, this is the basic things which I thought you should know about the broker before opening your account in Angel Broking. Now Let’s start our main topic i.e.

Angel Broking Review

As I promised I have created two sub-topic. One for the pros of Angel Broking Demat Account and another one for cons of Angel Broking Demat Account.

I have divided this sub-topic into points. In each point, I explained each and everything with images. So, without wasting any time let’s see our first subtopic:

Thing which I liked about Angel Broking Demat Account

#1. Free Demat Account Opening

Many Big Companies like ICICI Direct, HDFC Securities, Sharekhan charges Demat account opening fee.

Because of lots of competition between brokers, many brokers open your Demat account free for the first year. Angel Broking is also one of them.

Demat account opening in Angel Broking is free. You don’t need to pay any Account opening fee. Also, the Cost for account maintenance is free for the first year.

From the second year, they start charging some fixed amount of money if you have done any transaction with your Demat account.

plan details

In starting I have doubt with the service of Angel Broking and I don’t want to pay Any charges for account opening. So I thought first I will try than if I feel, brokerage and other charges are low in Angel Demat account then only I will use Angel brokering for Investment.

The Free Demat account opening feature has given me opportunity to try Angel brokering service. If you also have any doubt with Angel Broking than you can also try Demat account service for first year.

After that, if you feel Angel brokering is best for your then you can continue using Angel brokering from the second year by paying AMC Charges. Otherwise, you can request for account deactivation. we have listed all the charges below:

Demat Account Opening Charges Free
Demat Account Maintenance Charges Free for First Year, Rs
450+Tax from Second Year
Trading Account Opening Charges Free
Trading Account Maintenance Charges Free
Franking, KRA, CKYC, ESignature Charges Free
Email Statements / Contract Notes Free
Call & Trade Additional Charges of Rs 20/ Order
Cheque Bounce Charges Rs 350/-

#2. Lowest Brokerage Charges

If you want to look at only one parameter while searching a good broker than Brokerage charge will be the first which anyone looks in the Best broker.

Almost all brokers earn money from Brokerage charges only. Brokers like ICICI direct charge 25 /- Per order for brokerage charge. But Angel Broking offers your brokerage free Trading account for Equity Delivery.

If you Buy Shares and hold for more than 1 day than you don’t need to pay charges fee to Angel Broking. They only charge brokering fee for intraday, Future, EQ, COM, CUR, Option EQ, CUR Orders.

The brokering Charges for each order I have mention below:

Order Type Brokerage Charges
Intraday Equity 20 Rs. Per Order or 0.05% of order amount whichever is low
Delivery Equity Free
Future, EQ, COM, CUR 20 Rs. Per Order or 0.05% of order amount whichever is low
Options EQ, CUR 50/LOT

Other than Angel Broking, Upstox, Zerodha, 5Paisa also offer Brokerage Free Equity Delivery.

If you buy, sell shares frequently or want to trade frequently than only brokerage charge will matter to you.  

#3. High Margin

Active Traders who Actively Trade, Want brokers who can give High Margin. The best thing which I like about Angel Broking is they give very high Margin for trading.

High Margin will help you to make a high profit in intraday orders. If you are new or you have never used Trading account than maybe you will get confused with Margin Term

Margin is Money given by Brokerage firm to investors to purchase stocks. It is the difference between the actual amount in your trading account and the amount you get from your brokers for stock purchase.

Margin details

For example, in Zerodha you get X2 Time Margin for order purchase. If you add 1000 Rs in you Demat account than Zerodha will allow buying shares worth of 2000 Rs. After the sell of Shares brokering firm will deduct their margin and return your whole amount plus profit to you.

The higher the Margin you get higher the profit you will make. Angel Broking Provide Margin up to X10.   That’s means if you have 1000 Rs. In your Demat account, you can buy shares worth of 10,000 using margin money limit.

We have listed all the Margin Money in Below list, please check:

Segments Margin
Cash (BSE/NSE) 6X
Future 10X
Option Buy (Equity, Currency &MCX) 3X
Option Sell 10X
MCX Future 6X
Currency Future 4X
Currency Option Selling 4X
MCX Option Sell 6X

If you are a Value investor and pick stocks for a long period than Margin Money is not an important factor for you.

#4. User-Friendly Trading Dashboard

Believe me, I don’t trade frequently and also; I don’t understand that big investing terms and their definitions. I always to try to simplify the meaning of each term and their usage when it comes to investing. In reviewsutra also we try to make Thing as simple as possible.

The chance is high that you started investing very recently. The Dashboard of brokers like ICICIDirect is very complex for beginners. The Trading terminal should be always clean and easy to understand.

Angel Broking Trading terminal is very simple and user friendly. Any beginners can easily buy, sell shares without any help.


As you can see in below image Buying, selling or shares with Dashboard is very easy. You can add money via UPI, Bank Account with one click. Also, the Portfolio manager helps to track the profit or loss of your investment.

The powerful chart Analysis tool helps to track records of any shares.


With the help of Advisory option from the menu, you can find fundamental and technical analysis of the stock. Angel Broking team also provides you targets for shares for the long term and short term. This feature is extremely useful for beginners who want to learn investment. You can also read Research report of companies in pdf format for free.

#5. Free Stock Price Prediction and Investment Strategy

Usually, people pay 20%-40% of their investment advisor for their money investment. But Angel Broking Provides you all these services from their dashboard without any cost.

Now you don’t need to go anywhere for money investment. We already shared about Stock prediction provided by Angel Broking. All, this target is provided by Industry leaders who have many years of trading experience.

Report and technical analysis of companies

 The best thing which I liked about Angel Broking is they provide Research report of companies in pdf format. You can download this pdf file and read their past performance, profit and loss booked by companies in the last quarter, what are the targets and investment periods to achieve that target etc.  

The following points are covered in every Research report file:

  • Current Market Price, Target Market Price, Investment Period
  • Stock Info like market cap, shareholding pattern, performance update
  • quatre wise performance result.
  • Outlook and valuation of the company
  • Down Risk
  • Company Background
  • Balance Sheet
  • Cash flow Statement
  • Different Key Ratios

I think the format and information covered in PDF file are perfect to evaluate any company for investment. I also use this Research report to analysis any company.

Research report

They have Angel Platinum Paid package also. The cost of this package is 5,000 Rs. But I don’t think any induvial investor needs to buy this package.

#6. Angel Brokering Trading Tools

 I don’t look for too many trading tools for investment. I always prefer a mobile and web-based terminal application for investment.

I invest 40% of my investment money in share market not more than that. So, for me having too many options for trading in not much beneficial. But It does not mean, it is not useful for you.

Angel Broking Provides 3 tools for trading and one tool for making investment strategy. I am 100% sure you will love the 4th tool which is made for creating an investment plan for beginners.   

  • Angel Broking Mobile Application:

The best and fastest way of investment which I prefer is the Mobile Application. Angel Broking has one of the most demanding and useful Trading mobile application. this application Is available on Google and Apple Play store. Currently, they have more than 1 million downloads. Also, the mobile application is rated with more than 4 Star on play store.

  • Angel Broking web-based Terminal:

I prefer the web-based terminal of Angel Broking for trading. The trading of angel Broking has all business feature which any traders need. The best thing I liked about the web-based terminal is, it is very user friendly. You can easily invest in equity, bonds, mutual funds, commodities, currency and derivatives using a single platform. Also, the powerful charting tool is best for making any type of investment strategy. I will give 4.9 out of 5 stars for the web-based terminal of Angel broking.

  • Angel Speed Pro:

If you are a pro trader and trade frequently than Angel speed pro is one of the speediest and powerful applications offered by Angel Broking. Angel speed pro is a desktop-based application. using speed pro, you can easily watch your profit, loss and market news in a single window.

So, this is the 3 powerful Trading tool which is offered by angel broking. Remember in starting of this section I have told you about investment plan related tool. So, let’s see that tool also.’

  • Angel Broking ARQ Tool:

 If you ask me, I have 50,000 Rs and want to invest this money in share market, please suggest me some stocks which should I buy.

For this, I will do some market research, look market sentiments and then will advise you some shares. I will also charge my fee for this.

Angel Broking know this user needs. So, they created ARQ Feature on their web-based terminal application.

Using this tool, you can find the best stock list according to the amount which you want to invest, Number of stocks which you will purchase and your risk-taking capacity. When you enter the following data and hit the Go button than it will show stocks and quantity which you can buy.


The tool suggests stocks based on stock past behaviors and future price prediction.


I love this tool and will also recommend you to use this tool for your investment strategy. 

You can also Find Mutual fund recommendations using this tool.

#7. Options to Invest in IPO

IPO is the time when coming offer anyone to buy their company shares at a discounted price. We have seen IRCTC Share IPO where IRCTC has doubled investors money within a month.

Many Brokers don’t have the option to invest in IPO. I usually invest in Companies IPO.   Angel Broking also have the option of investing in IPOS. You can use their Trading terminal for IPO investment.

#8. Customer Support

New customers usually need help in initial period of investment. Angel Broking Customer executive will help to understand everything related to their trading platform starting from account creation to investing in shares.

It has been more than 2 years but still angel Broking customer executive calls me to ask for feedback. He also solves my query if I had. I will rate 5 out of 5 to the Customer support of Angel Broking.

#9. Referral Program

Another way of making money from Angel Broking Demat account is by sharing your link to your friends or family for account creation. For this Angel Broking will pay your 500 Rs of Amazon Voucher. You can redeem this voucher on for online purchase.

The Referral Bounce of Angel Broking is more than Demat account maintains charge. It means you can refer one client to Angel Broking platform; you will use angel Broking free for that respective month.

Things which I don’t like about Angel Broking

Every company have 2 sides. One is good and one is bad. but I think angel Broking is the only Broking service which doesn’t have any cons.

But there are 2 segments which I think they can improve for better performance.

#1. Demat Account Maintenance Charges

Almost all brokers take DMC Chagres. But 5Paisa and Upstox provide DMC Free account charges for a lifetime. Although they don’t provide such advance investment feature in their Demat account.

But it will be great if angel Broking doesn’t take any charges for Account maintains. For the first year, it is free but after that, they charge 450 Rs + GST. I have already told if you can refer one person to Angel Broking than it will be settled with Amazon voucher and your account will become free respective year.

#2.  3-in-1 Account Feature

Angel Broking offers 2-in-1 Account feature. Almost all independent brokers who don’t provide banking service offer 2-in-1 Account.

But Brokers like Upstox, ICICIDirect, HDFC Securities offer 3-in-1 account feature. In 3-in-1 account your following account is merged with one Demat account.

  1. Demat Account
  2. Trading Account
  3. Bank Account

This is one of the disadvantages which I feel Angel brokering have. Withdrawal of money usually takes 1,2 days. This procedure will become fast if we can use 3-in-1 account in Angel Broking.

How to open Demat Account in Angel Broking?

I have explained everything about Angel Broking. I strongly recommend you to choose angel Broking Demat account.

The account opening process for Demat account in angel Broking is very easy. It will not take more than 15 minutes to complete the full process.

You should have the following documents for Demat account opening:

  1. Pen Card
  2. Aadhar Card
  3. Passport size Photo

You can easily create your account by following step which I have shown below:

how to open demat account with angel broking

Click on the link. Which will redirect you to the official website of angel broking.

Angel Broking Login page

Now Enter Name, Mobile Number and city.

In the next step, you have to enter your email id and Pen card details as shown in below image. You also need to enter your Bank account details.

Angel Broking 2

After Completing the second step, now you have to verify your Aadhar card. You can select any option for Aadhar card verification. I will tell you the offline Aadhar method. Click on download Aadhar card details options as shown.

Angle Broking 3

It will redirect you to the official website of Aadhar card. Enter your Aadhar card number and Captcha. After this, you can set 4 Digit password. Click on download. This will download Zip file containing XML file.

aadhar card verification angel broking



Now Upload your Aadhar card zip file which you have downloaded in the last step and enter code which we set in the last step. Click on upload.

In the next step, you have to enter details related to your income as shown in the image.

Angle Broking 4

Here you have to upload an image of your Aadhar card, pen card, signature, Passport photo. You also need to upload a cancelled cheque image. If you don’t have cheque than you can also upload Bank Passbook first page for verification. Passbook image will also work for verification.

Angle Broking 5

Now you have to do personal verification which needs Video recording. It will record your face for the next 10 second. You can click on Start Recoding for IPV Verification.

Angle Broking 6

Here you can select Courier for power of attorney.

Angle Broking 7

The final step is doing E-Signature. You can this via Aadhar Card. Enter your Aadhar card number via OTP as shown below.

Angle Broking 7.1

After completing All step your Application will look like this:

Main application


You have completed all step for account creation. Within a day your account details will be verified. After that, you will get Mail for account credentials.


 I am using Angel Broking from last 2 years. And yes, we recommend you Angel Broking for Demat account. The user-Friendly dashboard is very easy to understand for beginners.

Angel Broking provides a high margin for intraday Trading. Also, they have very low Brokerage charges. 

The ARQ tool is best for Making your investment plan. It Suggests best stock selection for your portfolio according to the amount you want to invest.

If you still need the alternative of Angel Broking than you can check 5Paisa or Upstox for Demat account. You can also check our Best Demat account Post for More options.

If you have any question related to Angel Broking review post or you are stuck in any Step than let me know in the comment section. I will surely help you.

Share this post on any social media if you like Angel Broking Review.


Leave a Comment