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In 1987, Angel broking was found as a private limited company that became one of the top broking houses in India in a few years. With its dedicated efforts for the customers in the retail investors, the section made it famous across the country’s investors. This is one of the biggest full-service broking houses in the country providing experts advice on the stocks for the retail investors as well as the HNIs to that investment in India become a smooth process and everyone can earn from the market.
It is not only a stockbroking firm but it manages the wealth of the customers as well and they have made the retail investments more open and evolved in the country with their new technologies and dedicated efforts. By this 30th year of their incorporation, they have built a huge client base with lots of products and services, more than 16000 trading terminals working in the country, and with an extensive network of the sub-brokers.
It is a member of almost all the exchanges running in the country that is from BSE to NSE to MCX as well as NCDEX. The depository with which this stockbroking company is associated with is CDSL.
Being a full-service broker, the range of services is really huge that is they deal in equities, commodities, insurance, investment advisory services, mutual fund, PMS, and even in IPO and obviously depository services. It has different segments dealing with the different segments of the financial industry.
The vision of the company was to build a safe and secure network for the retail investors who were highly neglected when they came into the business. They incorporated themselves as the game-changer in the business by opening the financial solutions and services which were earlier only limited to the HNIs. The hyper-intelligent investment engine- ARQ is one of the major ideas which changed the life of the retail investors who trade with Angel Broking. The personalized investment advice which was earlier very expensive became available to the retail investors at reduced fees for the benefits of the investors. With the technological revolution in the financial market, Angel broking made it quick and easy for retail investors to take part in the money-making game. They made it more convenient and when again India is on the verge of another digital revolution, the company wants to broaden its reach so that every prospective investor can take the advantage of the digitalization and investments.
Angel broking provides one of the most innovative services, products, personalized services and state-of-the-art technology and that too at cheap and reasonable broking charges.
The company was founded by Mr. Dinesh Thakkar who is the current managing director, with the director Mr. Lalit Thakkar and the CEO is Mr. Vinay Agarwal.
There are no charges for opening a Demat account in the Angel broking; you can open both the trading and Demat account without any fees. There are annual maintenance charges and other charges which will be discussed below. There are offers for lifetime Demat accounts for free as well; all these will be discussed later in this article.
The Demat accounts with Angel broking can be opened with the following documents and the procedure which are discussed below.
This is regarded as the most highly priced or expensive plans of all the four plans.
Though this plan is less expensive than the Angel classic still the charges are high comparatively.
This plan is loved by most of the clients and customers of the Angel broking firm because of its low brokerage charges and reasonable margin amount.
This is the least expensive plans of all but the margin money requirement is too high for everyday retail investors.
Demat Account Charges (AMC) according to the Plans
Angel Broking provides one of the most innovative trading platforms which are easy to use and have lots of features. Currently, there are mainly three trading platforms which you can use which trading with Angel Broking Pvt. Ltd. And they are as follows: –
Products of Angel Broking
Angel Broking is a full-service broker and thus it has varied products to invest in. You can invest in equity under various exchanges of commodities, currencies as well as derivatives with Angel Broking. The trading platforms are all integrated systems that let you trade in any of the segments from one place only.
Services of Angel Broking
There are varied services which are provided by Angel Broking Pvt. Ltd. –
It is a great initiative by the company to have a page/tab in their online site where there is a pool of information about the share market. From every aspect of the Demat accounts to the Trading Accounts, to online trading of shares, IPOs, research on the share market, and every type of trading ideas, technical know-how is mentioned under this. This is a great resource and very helpful for the beginners as well as the pro traders in the market.
Angel Broking Benefits
The reasons for you to choose Angel broking services are as follows:
Cons of Angel Broking
Though Angel Broking is a leading brokerage house in India there are some drawbacks in it too which are –
With the presence in more than 900 cities, Angel Broking is a top brokerage house in the country. It has different products and services as a full-service broker. The brokerage it charges is also different according to the plan one investor selects. There are four different plans which are made according to the margin amount one deposits with the company and want to trade with. Overall, as a full-service broker the plans are reasonable though Angel classic plan is too expensive due to the less amount of margin requirement, it seems fine. The other plans are also reasonable if you see it with the point of view of the margin requirement. It has IPO services and PMS services as well and very advanced technology for the trading platforms which helps the investors to trade freely.
This post is also available in: हिन्दी (Hindi)