Angel One Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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It's super simple and intuitive all the interface of application and user friendly. Recommend highly coz of following the good interface is competitive benefits.
Summary: Angel One, formerly known as Angel Broking, is a well-established full-service broker in India, offering competitive brokerage rates and a wide range of trading services. Key features include zero brokerage on equity delivery trades and a flat fee of ₹20 for other segments. However, user reviews indicate mixed experiences with customer service and platform reliability.
Note: It's important to recognize that Angel One operates under various regional entities, which may affect service quality and availability. The following analysis is based on a comprehensive review of multiple sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8.0 |
| Tools and Resources | 7.5 |
| Customer Service and Support | 6.0 |
| Trading Experience | 7.0 |
| Trust Level | 8.5 |
| User Experience | 6.5 |
How We Score Brokers: Our ratings are based on a thorough analysis of user experiences, expert opinions, and factual data regarding services and fees.
Founded in 1996, Angel One is one of India's largest full-service retail brokers, with a significant presence in over 1800 cities. The broker has transitioned to a discount brokerage model, offering a flat brokerage rate of ₹20 across various trading segments, making it competitive against discount brokers like Zerodha and Upstox. Angel One provides a unified trading platform, including a mobile app, web-based platform, and desktop software, catering to different trading needs.
Angel One is regulated by the Securities and Exchange Board of India (SEBI) and holds memberships with BSE, NSE, MCX, and NCDEX. This regulatory framework ensures a level of safety and compliance, which is crucial for traders and investors.
Angel One operates primarily in India and is regulated by SEBI, ensuring compliance with local trading norms. The broker does not currently offer services in international markets, limiting its reach to Indian residents.
The primary currency for deposits and withdrawals is Indian Rupee (INR). Angel One does not currently support cryptocurrency transactions.
There is no mandatory minimum deposit required to open a trading account with Angel One, allowing users to start trading with any amount they are comfortable with.
Angel One offers a promotional period of zero brokerage for equity delivery trades for the first 30 days, incentivizing new users to try their platform. After the promotional period, the standard fees apply.
Angel One provides access to a diverse range of asset classes, including:
This extensive offering allows traders to diversify their portfolios.
Angel One has a transparent pricing model with the following charges:
There are also additional charges for account maintenance and transaction fees, including ₹240 per year for demat account maintenance after the first year.
Angel One offers varying levels of leverage depending on the asset class. For intraday trading in equities, leverage can go up to 5x, while delivery trades typically do not offer leverage.
Angel One supports multiple trading platforms, including:
Angel One primarily serves Indian residents and does not provide services to international clients.
Customer support is available in English and Hindi, catering to a wide audience within India. However, some users have reported delays in response times, particularly during peak hours.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8.0 |
| Tools and Resources | 7.5 |
| Customer Service and Support | 6.0 |
| Trading Experience | 7.0 |
| Trust Level | 8.5 |
| User Experience | 6.5 |
Account Conditions: Angel One offers a straightforward account opening process with no minimum deposit requirements, which is appealing for new traders. The first year of demat account maintenance is free, which adds to the overall cost-effectiveness of using their services.
Tools and Resources: The broker provides a range of trading tools, including advanced charting and market analysis features. However, the user interface of the mobile app has received mixed reviews, with some users experiencing glitches and slow performance.
Customer Service and Support: While Angel One has a robust support system, customer service experiences vary widely. Some users have reported slow response times and challenges in reaching support during busy hours, which could be a drawback for those needing immediate assistance.
Trading Experience: Users generally find the trading experience satisfactory, with a responsive platform and a variety of asset classes to trade. However, the lack of a demo account option can be a disadvantage for beginners looking to practice before committing real funds.
Trust Level: Angel One is considered a trustworthy broker due to its long-standing presence in the industry and regulatory compliance. However, some users have expressed concerns about the handling of trades and customer service issues, which could impact overall trust.
User Experience: Overall user experience is mixed, with many appreciating the flat-rate brokerage model and the range of services offered. However, technical issues with the app and customer support delays have been noted as areas for improvement.
In conclusion, Angel One presents a competitive option for both new and experienced traders in India, particularly with its attractive pricing model and diverse range of services. However, potential users should consider the mixed reviews regarding customer service and platform reliability before making a decision.
