Angel One App Review 2024: Is Angel One Safe?

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angel-one-app-review

Angel One App Review 2024: Angel One is one of the leading full-service brokers in India, offering a wide range of trading and investment services. The company has been in operation for over 20 years and is regulated by the Securities and Exchange Board of India (SEBI).

In recent years, Angel One has been expanding its digital offerings, including the launch of its own mobile trading app. The Angel One app is a comprehensive platform that allows users to trade stocks, derivatives, mutual funds, and other financial instruments.

In this blog post, we will take a closer look at the Angel One app and answer the question: Is Angel One safe? We will discuss the app’s features, security measures, and customer reviews.

What is Angel One App?

Angel One is a company in India that helps people buy and sell stocks and investments. They have services for regular people who want to invest in things like stocks, currencies, and commodities. They also offer advice on how to manage your money and invest it wisely.

Angel One has two main ways of doing business. One way is through their branch offices where they provide in-person help to customers. This is for people who like to have someone they can talk to face-to-face. The other way is online, where they have tools and apps for people who like to do their own trading without needing a lot of help.

They have different software tools for both offline and online customers. These tools can be used on mobile devices like phones and tablets, on the internet through web browsers, and as programs you can install on your computer if you use Windows.

Here are the different trading applications they offer:

  1. Angel One App: This is an app for mobile phones and tablets.
  2. Angel One Trade: This is a website you can use on your computer’s web browser.
  3. Angel SpeedPro: This is a program you can install on your Windows computer.

These tools are designed to make trading and investing easier for people in India.

Angel One OveriewDiscription
Company nameAngel One Limited
Founded in1996
CEODinesh Thakkar
HeadquartersAckruti Trade Center, Andheri (E), Mumbai, Maharashtra, India
Registered bySecurities and Exchange Board of India (SEBI)
Market CapINR 12,000 crores (as of March 2023)
Trusted CustomersOver 1.5 million customers
Websitewww.angelone.in

Angel One App Advantages

  • Ultra-low brokerage fees: Angel One offers one of the lowest brokerage rates in the industry. You can trade stocks for free and pay only Rs. 20 per order for other segments.
  • Full-service brokerage: Angel One offers a full range of brokerage services, including margin trading, research, and advisory.
  • Training and hand-holding: Angel One offers training and hand-holding for beginners.
  • Free NEFT/fund transfers: Angel One does not charge for NEFT/fund transfers.
  • Low intraday charges: Angel One charges only Rs. 20 for intraday square-off and call & trade.
  • Free advisory: Angel One offers free advisory/tips for stocks and mutual funds.
  • Local sub-broker/RM services: Angel One offers local sub-broker/RM services even at a discount brokerage.
  • Call facility: Angel One offers a call facility if there are any issues.

Angel One App Disadvantages

  • Margin funding without notice: Angel One has been known to provide margin funding to customers without notice. This can lead to customers being charged hefty interest charges.
  • No trading in SME shares: Angel One does not offer trading in SME shares.
  • Cross-selling: Angel One’s RM and sales team may try to cross-sell other products and services.
  • No GTC/GTT order facility: Angel One does not offer the GTC/GTT order facility. This means that you cannot place orders that will be executed automatically at a certain price or time.
  • No 3-in-1 account: Angel One does not offer a 3-in-1 account, which is an account that combines a trading account, demat account, and trading account.

Overall, Angel One is a good option for traders who are looking for low brokerage rates and a full range of brokerage services. However, it is important to be aware of the disadvantages of Angel One before opening an account.

Angel One Brokerage Charges

Angel One offers one of the lowest brokerage rates in the industry. Here are the brokerage charges for different segments:

  • Equity delivery: Zero brokerage
  • Equity intraday: Rs. 20 per order
  • Futures and options: Rs. 20 per order or 0.25% of the transaction value, whichever is lower
  • Currency: Rs. 20 per order or 0.25% of the transaction value, whichever is lower
  • Commodities: Rs. 20 per order or 0.25% of the transaction value, whichever is lower
  • Mutual funds: Rs. 10 per transaction
  • ELSS: Rs. 10 per transaction
  • NPS: Rs. 10 per transaction
  • SIP: Free

Angel One App Features

Country of RegulationIndia
Products OfferedStocks, ETFs, Commodities, Funds
Stock Trading Fees ClassVery low
Inactivity Fee ChargedNo
Withdrawal Fee ChargedNo
Minimum DepositINR 10,000
Depositing with Bank CardDebit card only
Depositing with E-walletsNot available
Platforms ProvidedWeb, Mobile
Demo Account ProvidedYes
Customer Service ChannelsLive chat, phone, email

Other key features:

  1. Online trading on various mobile devices like smartphones, tablets, and iPads.
  2. Trading options in Equity Cash (Delivery).
  3. Trading opportunities in Equity Derivatives (F&O).
  4. Access to Currency Derivatives (F&O) trading.
  5. Ability to trade in Commodities on MCX and NCDEX.
  6. Investment opportunities in Mutual Funds, Bonds, and more.
  7. Keep track of your derivatives positions.
  8. Real-time streaming of stock quotes, charts, and news.
  9. Access to over 40 technical chart indicators and overlays.
  10. Real-time online fund transfer through a network of over 40 top banks.
  11. Receive stock advice through ARQ, the auto advisory engine, on-the-go.
  12. Access to research reports and advisory calls.
  13. Personalized notification alerts for trading opportunities and ideas.
  14. View your Demat Account Holdings.

Angel One App Fees and Charges

Trading Fees:

Angel One applies a simple fee structure, charging a flat INR 20 fee per executed order or 0.25% of the transaction value, whichever is lower, for all types of trades, including stocks, futures, options, commodities, and currencies, regardless of the order’s size. They also offer a convenient calculator to help estimate transaction charges.

Non-Trading Fees:

  • There is no account opening fee.
  • No withdrawal fees are incurred.
  • A modest monthly account maintenance fee of INR 20 is applicable.
  • Transferring funds using a debit card is possible, with a fee ranging from INR 10-20. However, credit cards cannot be used for account funding.

Account Types Offered by Angel One:

  1. Demat Account: Ideal for traders who prefer holding their shares in electronic form, eliminating the need for physical paperwork.
  2. Trading Account: Provides a platform for buying and selling shares on the stock market.
  3. Margin Account: Suited for traders interested in margin trading, adhering to SEBI rules with a 40% initial margin and 50% maintenance margin requirement.
  4. Intraday Trading Account: Specifically designed for day traders.
  5. Two-in-One Account: Angel One offers a combined Demat and Trading account for added convenience.

Angel One customer care number: How can I contact Angel One?

Customer Care:

  • Name: Sanjeev Kumar
  • E-mail: [email protected]
  • Contact No.: 18001020
  • Working Hours: Equity/Currency/MF: Monday to Saturday, 8:30 am to 5:30 pm**
  • Address: 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai – 400093

Head of Customer Care:

  • Name: Anup Sarma
  • E-mail: [email protected]
  • Contact No.: 08657864227
  • Working Hours: Equity/Currency/MF: Monday to Saturday, 8:30 am to 5:30 pm**
  • Address: 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai – 400093

Is Angel One Safe?

Yes, Angel One is a safe and secure stock broker. It is a SEBI-registered broker, which means it is subject to strict regulations. Angel One also has a number of security measures in place, such as two-factor authentication and SSL encryption.

Also Read:

Is Angel One good app for trading?

Angel One is a good app for trading. It offers a variety of features that make it a good choice for traders of all levels, including:

  • Low brokerage: Angel One offers one of the lowest brokerage rates in the industry. You can trade stocks for free and pay only Rs. 20 per order for other segments.
  • Advanced trading tools: The app offers a variety of advanced trading tools, such as charts, technical indicators, and order types.
  • Research and analysis: Angel One provides access to research reports and analysis from leading analysts.
  • 24/7 customer support: The app offers 24/7 customer support through phone, email, and chat.

In addition, Angel One is a SEBI-registered broker, which means it is subject to strict regulations. This helps to ensure that your money is safe and that your trades are executed fairly.

FAQs

Q. Is Angel One approved by SEBI?

Yes, Angel One is approved by SEBI. Angel One Limited is a stockbroker that is registered with the Securities and Exchange Board of India (SEBI). This means that it is subject to the regulations of SEBI, which is the regulator of the Indian securities market

Q. What is Angel One best for?

Angel One app is a good option for traders who are looking for low brokerage rates and a full range of brokerage services. It is also a good option for beginners, as it offers training and hand-holding.

Conclusion: Angel One App Review

Angel One Limited, formerly known as Angel Broking, is an Indian brokerage firm established in 1996. This reputable broker is known for its extensive online trading services across a diverse range of financial products. It operates under the regulatory oversight of the Securities and Exchange Board of India (SEBI).

Our recommendation is directed towards both novice and experienced traders seeking a reliable Indian online broker for trading stocks within the Indian markets. However, it’s worth noting that Angel One may not be the most suitable option for individuals who are not Indian citizens or residents.

As one of the largest full-service retail brokers in India, Angel One offers a comprehensive suite of products, including stocks, commodities, currencies, as well as futures and options.

Notably, Angel One does not impose a minimum deposit requirement for opening an account and provides the convenience of a demo account for users. The brokerage also offers a range of platforms, including a mobile app, and extends valuable investment guidance. Moreover, it boasts an array of educational resources designed to benefit novice investors.

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