Angel One Review: Is it good for Beginners?
Created on 03 Jul 2023
Wraps up in 4 Min
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Updated on 10 Jul 2023
Angel One is a renowned stockbroking and investment services company in India which has been providing comprehensive solutions to the investment needs of Indians for over 25 years. Founded in the year 1996, the company's headquarters is located in Mumbai, India. Mr Dinesh Thakkar is the founder of Angel One.
Angel One provides a range of investment opportunities to both Indian and Non-Resident Indians alike. The company offers various services ranging from online trading, financial research and advisory, mutual funds, IPO, and PMS (Portfolio Management Services). With its user-friendly platform and sleek design, Angel One has become the go-to choice for Indians and NRIs who intend to invest in the stock market or other investment vehicles. In addition, the company offers its clients a range of trading options and tools to help them make the most out of their investments. It provides a wide array of financial services, including stocks and equity trading, commodities trading (gold), mutual funds, IPO (Initial Public Offering) and more.
Key Features of Angel One
Angel One offers the following features to its 1 crore+ users.
1. Online Trading and Stock Broking: From intraday trading to derivatives trading and investing, Angel One supports trading across various segments of the stock market. The company has a strong focus on technical analysis and helps its customers make informed decisions by providing them with real-time market data and analysis. It also provides users with advanced trading tools, such as streaming quotes, screeners and portfolio management software.
2. Portfolio Management Services: The Portfolio Management Services team at Angel One is dedicated to building investment portfolios that meet the financial objectives of each investor. The company offers a range of services, such as Portfolio Designing, Portfolio Rebalancing, and Portfolio analysis, designed to help customers achieve their financial goals. These services are limited to Hign Net-Worth Individuals (HNIs), however.
3. Mutual Funds Investment: Angel One offers customers an opportunity to invest in mutual funds and exchange-traded funds (ETFs). Customers can compare the performance of various mutual funds, view recommendations from investment experts, and then choose a scheme that suits their investment goals. Angel One offers a range of funds, including equity funds, debt funds, and balanced funds. The company also provides customers with an overview of the fund’s investment objectives, performance record, and charges.
4. IPO Investments: With Angel One, customers can invest in Initial Public Offerings (IPOs) from various companies. Investors can check out the details of upcoming IPOs, including expected launch dates and the company's financial performance.
User Interface and User Experience
Angel One's user interface is well-crafted, easy to use, and offers a great user experience. The platform has an intuitive design that allows customers to navigate easily and find what they are looking for with minimal fuss. It's easy to open an account, fund it, and start trading.
The company has several online reviews that highlight its great user interface and experience. Customers have praised its simple, clean interface, quick transactions, and easy-to-understand messaging. The platform's mobile app, Angel Broking, has also been lauded for its excellent user interface and intuitive navigation.
Pricing and Fees
Angel One allows free account opening, as opposed to other brokerage platforms that charge both account opening charges and Annual Maintenance Charges.
Speaking of AMC, Angel One charges an AMC of ₹450 annually. Clients also have the option to pay a one-time fee of ₹2,950 for lifetime AMC if they feel married enough to the platform that they would not switch.
As far as brokerage goes, the platform charges none as far as equity delivery is concerned. For Intraday, Futures & Options, a brokerage of ₹20 per executed order or 0.25% of the traded value is charged, whichever is lower.
Pros and Cons of using Angel One
Angel One's mobile and web-based platforms have the following pros and cons for its users.
1. User Interface: Angel One has an excellently crafted user interface that helps customers to navigate the platform quickly.
2. Range of Services: Angel One provides users with a one-stop solution to their investment needs, with various services, including online trading, portfolio management, mutual funds, IPO investments, and more.
3. Good Research and Advisory: Angel One has a strong research and advisory team that provides investment recommendations, and it is well-known among its customers for maintaining a quality brokerage service.
1. Limited international investing opportunities: Angel One only supports Indian stock markets, making it a less attractive platform for those who wish to invest in international markets.
2. Some charges might be unclear: The company charges account maintenance fees, which may not be detailed in a way that's easy for customers to understand.
Select the Best
The Indian stock market has many brokers that allow investors to engage with the 5,000+ stocks, each with their own unique features that make every other broker better than the last in some way. Checking each broker to select the right one can be quite a hassle, which is why a dedicated platform for comparing these brokers comes as a lifesaver for investors.
Select by Finology has 25 brokers with each of their features listed for your comparison benefits. On top of that, Select also has the Find My Broker feature that allows users to complete a quiz to help themselves find the broker that best suits their needs.
The Bottom Line
In conclusion, Angel One is a reputable investment and trading platform that offers several services for customers, especially those in India's stock market. The website is user-friendly, and navigating it requires minimal effort. Angel One's fund management and research teams have achieved a good reputation for providing quality brokerage services. While Angel One is not available for those interested in international markets, its services and fees make it a great platform for those looking for a high-quality brokerage firm with a strong reputation in India.
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