Forex Angel Broking Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

Angel Broking Trading Conditions

Registered Region India

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@angelbroking.com

Contact Number +9108047480048

Website www.angelbroking.com

Balanced Review

Pros & Cons

Pros

Regulated by the Securities and Exchange Board of India (SEBI)
Diverse trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
User-friendly trading platforms: mobile app, web version, and desktop application
24/7 customer support available through multiple channels
Proprietary investment engine, ARQ, offering personalized investment recommendations

Cons

Recent regulatory violations leading to a fine from SEBI
Mixed customer reviews regarding service quality
Limited educational resources for traders
Slow customer support response times
Complex fee structure with potential hidden costs

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Angel Broking	XA Markets	Goodwill	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	India	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Angel Broking Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Demat Account	All investors	Stores securities in electronic format	Can be regular, repatriable, non-repatriable, or BSDA
Trading Account	All investors	Enables buying and selling of securities	2-in-1 account with demat account available
Joint Account	Families or groups	Shared ownership of securities	Requires KYC documents for all holders
Minor Account	Guardians for minors	For holding securities until the minor turns 18	Trading is not permitted until the account holder becomes an adult

Account Opening Process

Opening an account with Angel Broking is a straightforward process. Here are the steps involved: First, visit the Angel Broking website and click on the account opening option. Fill out the required personal, employment, and financial information. Next, submit the necessary identity verification documents, such as an ID and proof of address. Once submitted, the documents will be verified, which usually takes a few days. After verification, you will receive your account details and can start trading. Note that you can upgrade to a professional account later if needed.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	Varies	Competitive spreads for various pairs
CFDs (Stocks)	Varies	Varies	Transparent fee structure
Cryptocurrencies	Varies	Varies	Fees depend on market conditions

Other Fees

In addition to trading fees, Angel Broking has several other charges: There may be deposit and withdrawal fees depending on the method used. Inactivity fees may apply if the account remains unused for an extended period. Platform usage fees may also be charged, though many services are offered free of charge. Overnight interest or swap rates may apply for positions held overnight, and currency conversion fees may be incurred for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Angel Broking User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Rajesh Kumar

Mumbai

★ ★ ★ ★ ★

I had a terrible experience with Angel Broking. Withdrawing my funds took longer than expected, and their customer support was unhelpful during the whole process. I felt ignored and frustrated, and I wouldn’t recommend them to anyone looking for reliable service.

Anjali Mehta

Pune

★ ★ ★ ★ ★

Angel Broking has been a game changer for my trading experience. The mobile app is user-friendly and the platform is reliable. I love the personalized investment recommendations from their ARQ engine. Customer support has been responsive, making my trading journey smooth and enjoyable.

Suresh Patel

Delhi

★ ★ ★ ★ ★

I found the customer support to be lacking. My queries took too long to get a response, and when I did hear back, the answers were not helpful. While the platform has good features, the service quality needs significant improvement.

Priya Singh

Bangalore

★ ★ ★ ★ ★

Overall, my experience with Angel Broking has been positive. The trading platforms are excellent and the speed of execution is impressive. However, I faced some delays in the withdrawal process, but their customer service eventually resolved my issues. I appreciate the wide range of trading instruments they offer.

India Market