Angel Broking Review – Demat & Trading Account Review
Angel Broking Ltd is one of the largest broking platforms providing financial services across the country. The main focus of the company is retail stock trading. It was founded in the year 1987 and since then it has found huge popularity with people interested in investment and trading.
The company has not only got an online presence but has more than 1500 offices spread across the country. At present Angel, Broking has more than 2.15 million clients in the country. It is registered with Central Depository Services (India) Ltd ( CDSL )and is a member of the National Stock Exchange, Bombay Stock Exchange, National Commodity & Derivatives Exchange Limited (NCDEX ), and Multi Commodity Exchange (MCX).
The company helps its clients to deal in various trading and investment services like commodity broking, stockbroking, margin funding, loans, advisory, and many more such services. The Angel Broking Lt has a website and an app as their online presence platform
The app has all the feature that eases the trading and investment activities and makes it a smooth, hassle-free experience. The app is equipped to carry out trading on equity and commodities as well as for providing information on market trends and updates. This investment app has been downloaded more than 4 million times.
- Angel Broking Ltd offers a flat Free Trading plan called Angel iTrade Prime. The brokerage charges. A sum of Rs 20 is charged as a flat fee for Equity Delivery and Equity Intraday for each order. Then again Equity F&O, Currency F & O, Commodity F & O, a flat Rs 20 is charged for each executed order. Moreover, the plan does not require any minimum margin. The research and suggestions on market trends and trading updates are provided for free in this plan.
- A user has to create an opening account for initializing the purposes of trading or investment on this platform. Then again, a Demat account can be opened for free of charges but the Annual Maintenance Charges depends on the margin deposited by the user. If the margin is below Rs 25,000, a sum of Rs 300 is charged for every year, and if the margin is more than Rs 25,000, the user does not have to pay the AMC. Moreover, Angel Broking has come up with the new plan of Free Lifetime Demat Account. A discount of 20% on brokerage is also being offered to its users. This proposition seems quite lucrative to the users and hence the popularity of the plans.
- An Angel Broking Trading Account can be opened for free of charges. The brokerage plan for trading is quite flexible. The platform facilitates trading in currency, commodities, equity, and many other trading sectors. The research on the market and recommendations as well as the advisory system is valuable to the user for trading purposes. The most popular trading areas are a commodity, derivative, and equity trading. Moreover, the company provides dedicated customer support and the management team can also be reached at all times of the day. The offline and online presence helps users to seek help and information on trading anytime.