Angel Broking Account Opening
Angel Broking Track Record Of Best Online Stock Broker In India
Angel Broking Account Opening Process, Benefits and Charges
Angel Broking is a Mumbai based retail stock broker that offers trading, investment and advisory services to the retail customers. It offers various products and services including Equity Trading, Currency Trading, Commodity Trading, Mutual funds, IPO, Life Insurance, Depository Service (Demat account) and NRI trading account. Additional services like Portfolio Management Service (PMS) and Investment Advisory are also provided by Angel Broking.
The demat account services is one of the major services that Angel broking provides to its customers. It provides a 2-in-1 account i.e. it provides a trading and demat account altogether.
Angel Broking has more than 2 lakhs registered clients. It is one of the largest full-service retail stock brokers in India. With 22+ years of trust, it provides free equity delivery trades and Rs.20 for intraday, F&O, currencies and commodities.
Benefits of opening an account with Angel Broking:
1. Low brokerage charges.
2. Buy and sell shares online.
3. Recommendations by experts allow the investors to perform best in various segments.
4. Exposure on various shares can be increased by using margin investing options.
5. Real time monitoring of stocks.
6. Special facilities help in placing orders after market hours.
7. Smooth and safe transaction on laptop or mobile phone.
8. Technical and fundamental research guidance.
Types of Account that Angel Broking offers
The types of account that you can open with angel broking are as follows:
• Demat Account – In this account you can hold securities in an electronic form, from which credit and debit of securities happens.
• Trading Account –In this account you can buy and sell the securities held in electronic format in the stock market.
• Demat + Trading Account – In this account you can hold securities in an electronic format and can be bought or sold in the stock market.
Documents required to open an account at Angel Broking:
Any of the following documents is required as an Identity Proof:
• Pan card
• Voter ID
• Driving license
Any of the following documents is required as an Address Proof:
• Voter ID
• Registered lease or sale agreement
• Driving license
• Electricity bill/ Water bill
• Bank passbook
Demat Account Opening
The Demat account holds the shares, mutual funds, bonds etc. electronically. It holds the shares, bonds, etc. in a way similar to the bank holding money. The demat account allows the customers to buy or sell the shares electronically i.e. without any paperwork.
Opening a demat account online is more convenient. You can easily open your account using computer, laptop, tab, smartphone, etc.
Steps to open a demat account online are:
Trading Account Opening
A Trading account helps you in buying and selling stocks online. This account holds all the securities, cash and other investments that are held in brokerage accounts. It enables the sale of these investments at a single click. This account allows the buyers to trade in stocks frequently and trade in stocks at any time. You will receive a Unique Trading Id that is used to make transactions.
Steps to open a trading account are:
Account opening charges at Angel Broking:
For Trading account opening:
Account opening charge
Annual Maintenance Charge (AMC)
For Demat account opening:
Account opening charge
Annual Maintenance Charge (AMC)
Rs.450 + Taxes (From second year onwards)
Frequently Asked Questions
Angel broking has an offline presence in around 10,000 offices across the different parts of India. Thus, from industry experience it is among the safest brokers.
You will receive your DP statements on a quarterly basis.
Yes, you can buy the trading software directly from BSE. We at Angel broking don’t recommend doing so as the software is very costly (Approx 15 lac) and it allows trading only on BSE.
No, since the password is only with you no one can do trade using your mobile phone. We keep the password in encrypted formats so that no one can sell your shares apart from you. It is advised to keep your password safe with you.
No, you don’t need a demat account to trade in currencies.
The minimum brokerage amount that is charged as per the agreed brokerage slab is Rs. 30. If you are unable to generate a brokerage of Rs.30 on any provided trading day, then you will be levied with an additional brokerage up to Rs.30 or 2.5%, whichever is lower in a particular segment.
No, we don’t have any fixed brokerage option.
The withdrawal amount will get deposited in your bank account within 30 minutes.
No amount is charged for closing the account.
Angel Broking provides the exposure of 2 times the margin amount.
Yes, you need to pay brokerage even if you are in loss.
No, currently the BTST service is not available with Angel Broking.
Yes, you can block funds for an IPO. The client is required to submit the signed ASBA application form that is pre-filled with the application details. There is no need to provide cheque. The funds would be blocked in the bank account that is mentioned in the form and the funds will get released if the shares remain unallotted.
Yes, you can trade now on Rs.15 brokerage per order depending on the size of the order.
The cash back gets credited as the prepaid brokerage to your account and is valid for the period of 6 months from the date of your account is activated.
It is a facility with which you can easily transfer funds to your bank.
To place a margin order, follow the steps mentioned below: 1. Login with your Angel broking account using the Mobile app. 2. Search the scrip using buy or sell on the Menu or select the scrip in the MW. 3. You will see a buy order pad as you click on the search result, navigate from the menu and select the scrip from MW. 4. On the order pad select the product type as Margin. 5. Confirm the order by adding other details and your order will be placed.
Yes, you need to have money in your trading account before placing an order.
Yes, you will receive an online confirmation of orders and trades. The status of any order gets updated on a real-time basis in the Order Book. As you place your order they are immediately validated by the system and then sent to the exchange for execution. The entire process is completely automatic and there are no manual interventions. You will also receive an email that will confirm the order placed by you at the end of the trading day. The digitally signed contract notes will also be sent through e-mail for the orders that are executed during the trading day.
Generally you need an amount of Rs.20,000 to trade commodity contracts. But it depends on what contract you buy.
Yes, the customers need to have money in their trading account before placing any order. On the other hand, if you have some sold shares, then the sale proceeds can be used to buy the shares you want.
It is a standardized forward contract which can be easily be traded between parties other than the two initial parties to the contract.
The branches of Angel broking are well-spread across the different parts of India. It has a wide network of 11,500 sub-brokers and franchises in tier 1, tier 2 and tier 3 cities and towns of the country. Its broad network is among the top propositions to its clients.
It is a lending facility where the clients can avail the loans to trade in shares (Cash Segment of BSE and NSE) against the margin amount. The investor pays only an agreed margin of the total value of shares bought and the remaining is funded by the firm.
Margin Funding is beneficial to the investors who trades on delivery basis and holds the investment. As per the Exchange guideline, debit is not allowed in broking beyond T+7 to take high exposure.
A futures contract is simply a standardized forward contract that can be easily traded between parties other than the two initial parties of the contract.
You can start with any amount that you are comfortable with, but we at Angel broking recommend our customers to start with the substantial amount of Rs. 25,000.