Currently there are numerous brokers in India where investors can open their demat accounts and start trading and investing in shares with a click of a mouse. Earlier, there were full service brokers who charged huge brokerage amounts on every trade. Then, the discount brokers who slashed brokerage charges on delivery trades and reduced the brokerage charged on intraday trades significantly. To the surprise of all, both these class of brokers are thriving in the market simultaneously.
Today, when a user decides to start investing/trading, the first decision he/she needs to make is with which broker should a demat account be opened? Should he/she choose discount brokers such as Zerodha, Groww, Upstox, or go with full service brokers such as Motilal Oswal or Sharekhan. This decision is quite a tough one. So today, we’ll review one such listed Indian brokerage company, Angel One in detail.
Angel One Limited, which was formerly known as Angel Broking Limited, is an online stock broking company which was founded in the year 1996. The company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It handles assets under management worth ₹13,254 crores.
The company is one of the largest independent full-service retail brokers in India which provides widespread data for share traders and investors. It offers a safe and seamless online share trading platform that helps in online tracking of investments. The brokerage firm also provides research for technical analysis and portfolio maintenance services. The company charges zero brokerage for delivery trades and have a well-designed customer support.
According to a review website, Angel One has a score of 8.88 out of 10! The brokerage firm has an outstanding record in the eyes of its client. They are full service brokers and yet charge flat brokerage per trade. There are no account opening charges, but the account maintenance charges are ₹240 per annum. The brokerage firm also provides event-based daily, weekly and monthly reports to facilitate informed decision making for its users. It also provides an option to invest in corporate bonds. While some users state that the mobile interface is difficult to understand. Also, its platform provides only regular mutual fund plans. On the play store as well, the firm has got a rating of 4.2 out of 5 stars.
So this was all about Angel One and its customer reviews. However, before opening a demat account with Angel One; users should thoroughly understand all the charges and brokerage that it charges, and get acquainted with its desktop and mobile trading platform. Only after doing this should users take a decision to open a demat account with any broker.
Also Check: Zerodha Review