Angel One Account Types

Angel One offers several types of accounts to cater to different investment needs:

• Trading Account:
• This account allows investors to buy and sell financial instruments like stocks, commodities, futures, options, and derivatives.
• There are no restrictions on the number of trading accounts one can hold.
• Demat Account:
• Necessary for holding shares in electronic form and facilitating the buying and selling of securities.
• Investors can open both trading and demat accounts simultaneously.
• Margin Account:
• Allows investors to borrow money against their securities to trade.
• This type of account involves higher risks but can amplify potential returns.
• Cash Account:
• Requires full payment for securities purchased, limiting risk as no borrowing is involved.
• Prime Brokerage Account:
• Targeted at sophisticated investors, offering a suite of services including research and trading.

Angel One Broker Account Opening Process

To open an account with Angel One, follow these simple steps:

• Choose Account Type:
• Decide whether you need a trading account, demat account, or both.
• Online Account Opening:
• Visit the Angel One website and click on the "Open an Account" button.
• Provide your name, mobile number, and city.
• Enter the OTP received on your registered mobile number.
• Fill Application Form:
• Complete the online application form by providing personal details, including PAN card, Aadhar number, and bank account information.
• Document Upload:
• Upload necessary documents such as a PAN card, Aadhar card, and bank statement.
• E-signature:
• Complete the online in-person verification and e-sign the documents.
• Account Confirmation:
• Once your documents are verified, you will receive confirmation of your account opening via email.
• Funding Your Account:
• Transfer funds to your new account to start trading.

To ensure a smooth process, make sure your Aadhar number is linked to your mobile number for the digital KYC process.