Angel One
Pros and Cons
Pros
- Regulated by Securities and Exchange Board of India (SEBI)
- Diverse range of trading instruments including stocks, mutual funds, commodities, and Forex
- User-friendly trading platforms: Web version, Mobile App, and Angel SpeedPro
- 24/5 customer support with multiple contact methods
- Access to advanced tools like ARQ Prime for informed trading decisions
Cons
- No option for a 3-in-1 account
- Limited margin funding options
- Customer service can be slow during peak times
- High brokerage fees for intraday trading
- Platform issues reported with app functionality
Basic Information
User Reviews
Angel One Overview
Angel One, founded in 1996 and headquartered in India, is a prominent player in the financial services sector, known for its innovative approach to stock brokerage. Originally established as Angel Broking, the company rebranded to Angel One in 2021 to enhance its focus on digital investing solutions. As a regulated entity, Angel One operates under the oversight of the Securities and Exchange Board of India (SEBI), which underscores its commitment to maintaining high standards of transparency and integrity in its operations. With a significant customer base exceeding 3 crore users, Angel One has established itself as a trusted name in the industry.
The broker offers a diverse range of trading instruments, including stocks, mutual funds, commodities, and more, catering to both novice and experienced traders. The platform is designed with user-friendly features, providing seamless access to trading through its mobile application. Customers benefit from 24/5 customer support and advanced tools such as ARQ Prime, an AI-driven investment advisory service that helps users make informed trading decisions. Angel One stands out in the competitive landscape by focusing on customer-centric services, rapid digital transformation, and a robust technological infrastructure that enhances the overall trading experience.
Is Angel One Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Securities and Exchange Board of India (SEBI) | India | Investor Protection Fund (IPF) |
Is Angel One Regulated and How Are Client Funds Protected?
Angel One is regulated by the Securities and Exchange Board of India (SEBI), which oversees various aspects of stock trading and brokerage operations to ensure transparency and protect traders’ interests. As a regulated entity, Angel One adheres to SEBI’s guidelines, providing a framework of safety for its clients. In terms of client fund protection, SEBI has established an Investor Protection Fund (IPF) that can compensate investors up to ₹ 25 lakh in cases of broker default. This fund serves as a safety net, particularly important in scenarios where broker insolvency occurs. However, it is crucial to note that this fund does not cover market losses or scams that do not involve direct broker responsibility. Overall, Angel One’s regulatory status and the existence of the IPF underscore its commitment to maintaining a safe trading environment for its clients, reinforcing its position as a legitimate and trusted broker in the market.
Trading Products and Services
What trading instruments does Angel One offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | USD/INR, EUR/INR, GBP/INR | Varies |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, Nifty 50, NASDAQ | Varies |
| Stocks | Large-cap, Mid-cap, Small-cap stocks | 5000+ |
| Cryptocurrencies | BTC, ETH | Varies |
Angel One provides a diverse range of trading instruments across various asset categories, making it an appealing choice for both novice and experienced traders. The platform supports trading in Forex, commodities, indices, stocks, and cryptocurrencies, allowing users to engage in multiple markets. This extensive selection helps cater to the unique needs of different traders, from those looking to make quick trades in dynamic markets to long-term investors seeking to build a diversified portfolio. By offering a variety of products, Angel One empowers users to formulate flexible and effective trading strategies, optimizing their investment opportunities in the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does Angel One Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Novice and experienced traders | Low brokerage fees, access to multiple trading instruments | Suitable for individuals looking to trade in stocks, commodities, and more |
| Professional Account | Experienced traders and investors | Advanced tools and features for trading | Requires higher trading volume qualifications |
| Corporate Account | Corporate clients | Customized services for business trading needs | Requires corporate documentation |
| Islamic Account | Islamic finance compliant traders | Swap-free trading options | Available upon request for eligible clients |
| Demo Account | Beginners and practice traders | Risk-free environment to practice trading | Perfect for testing strategies without financial risk |
Account Opening Process
To open an account with Angel One, follow these steps: First, submit your personal, employment, and financial information through the online portal. During this process, you will need to provide identity verification documents such as your ID and proof of address. After submission, your account will undergo verification, and you will be notified once it is activated. Account holders have the flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | ₹ 20 per order | Flat fee structure for all trades |
| Forex (Minor Pairs) | Varies | ₹ 20 per order | Consistent pricing for minor pairs |
| CFDs (Stocks) | Varies | ₹ 20 per order | Standardized commission rate |
| CFDs (Indices) | Varies | ₹ 20 per order | Flat fee for index trades |
| CFDs (Commodities) | Varies | ₹ 20 per order | Transparent pricing for commodities |
| Cryptocurrencies | Varies | ₹ 20 per order | Competitive fees for digital assets |
Other Fees
Angel One also has various fees that traders should be aware of: There are no fees for deposits or withdrawals. However, an inactivity fee may be applicable if the account remains dormant for an extended period. Additionally, there might be platform usage fees depending on the services accessed. Overnight interest, also known as swap rates, may apply to positions held overnight. Currency conversion fees may also apply for trades involving multiple currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Angel One Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Web Version | Windows, macOS | 2FA, advanced charting, market watch, real-time alerts, multiple order types | Demo account, research reports |
| Mobile App | iOS, Android | Biometric login, push notifications, simplified navigation, multiple watchlists | Access to educational resources, alerts |
| Desktop Platform (Angel SpeedPro) | Windows | Customizable layouts, hotkeys for orders, real-time data, advanced indicators | API for automated trading, research tools |
Angel One provides a variety of trading platforms tailored to meet the needs of different traders. The web version offers a comprehensive suite of tools with advanced charting and real-time alerts, making it suitable for both beginners and experienced traders. The mobile app enhances convenience with biometric login and notifications, allowing users to trade on the go. The desktop platform, Angel SpeedPro, is designed for active traders, featuring customizable layouts and quick access to market data. All platforms prioritize secure logins and efficient order execution, ensuring a reliable trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Net Banking | Instant | No platform fee | Min ₹ 100, Max ₹ 2,00,000/day | INR |
| UPI | Instant | No platform fee | Min ₹ 100, Max ₹ 2,00,000/day | INR |
| Debit/Credit Card | 1–3 days | No platform fee | Min ₹ 500, Max ₹ 1,00,000/day | INR |
| Wire Transfer | 3–5 days | No platform fee | Min ₹ 5,000, Max ₹ 10,00,000/day | INR |
Minimum Deposit
Angel One requires a minimum deposit of ₹ 100 to start trading. This minimum deposit applies uniformly across all payment methods and account types, making it accessible for both novice and experienced traders.
How to Withdraw
To withdraw funds from your Angel One account, follow these steps:
- Log in to your Angel One account.
- Navigate to the ‘Funds’ section.
- Select ‘Withdrawal’ and choose your preferred payment method.
- Enter the withdrawal amount within the permitted limits.
- Submit your withdrawal request for processing.
- Wait for confirmation; processing times vary by method.
Customer Support
Angel One Customer Support Overview
Support Channels
Angel One offers several convenient contact methods to assist customers effectively. Users can reach out via:
- Email: Customers can send their queries to support@angelone.in for assistance.
- Live Chat: A live chat option is available on the Angel One website for immediate support.
- Telephone: For direct communication, customers can call the toll-free helpline at 18001020.
- Social Media: Angel One engages with users on various social media platforms, providing updates and support.
Service Availability
Angel One provides customer support from 8:30 AM to 5:30 PM, Monday to Saturday. This ensures that users have access to help during regular business hours. While the primary language of support is English, assistance in other languages may also be available, enhancing accessibility for a broader range of customers.
Additional Resources
Angel One offers various educational resources to assist traders, including video tutorials and market analysis. These resources aim to empower users with the knowledge needed to make informed trading decisions and navigate the platform effectively.
Frequently Asked Questions
Yes, Angel One is regulated by the Securities and Exchange Board of India (SEBI). Client funds are protected through the Investor Protection Fund (IPF), which can compensate investors up to ₹ 25 lakh in the event of broker default. However, it’s important to note that this fund does not cover market losses or scams unrelated to broker responsibility.
Angel One offers a diverse range of trading instruments across various asset categories, including stocks, mutual funds, commodities, Forex, indices, and cryptocurrencies. This extensive selection caters to both novice and experienced traders, enabling them to engage in different markets and formulate effective trading strategies.
To withdraw funds, log in to your Angel One account, navigate to the ‘Funds’ section, select ‘Withdrawal,’ and choose your preferred payment method. Enter the withdrawal amount within the permitted limits and submit your request. Processing times may vary depending on the method chosen.
Angel One provides several customer support options, including email support at support@angelone.in, a live chat feature on their website, and a toll-free helpline at 18001020. Customer support is available from 8:30 AM to 5:30 PM, Monday to Saturday, ensuring assistance during regular business hours.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.