• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Overview Overall

"Angel Broking is a renowned name in share brokerage Industry with over 10 lakh customer base, powerful online trading tools, Research based investment advice, dedicated customer service. Angel Broking is best suited for new entrants in the market who can get help from its branches in your neighbourhood but at the cost of paying high brokerage."

Angel Broking is a market leader in financial product distribution with huge network of own offices, sub brokers and investment associates."

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why Angel Broking?

    •   Wide Network with over 8500 Sub-brokers and Franchise partners in 900+ cities in India.
    •   Offers Demat account absolutely free.
    •   Personalised investment advice through artificial intelligence based investment engine.
    •   Angel Broking provides Top quality research powered by ARQ predictions, which help to pick n invest in best stocks.
    •   Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service.


    •   ARQ- Advisory services.
    •   Trading in all market segments on BSE, NSE, MCX & NCDEX.
    •   Huge Sub-brokers & Partner network
    •   Good Trading Platform
    •  Offer Commodity Trading
    •  Free Demat Account

Needs Improvement

    •  Doesn't offer 3-in-1 account.
    •   High brokerage.
    •   Not a good fit for small and penny stock traders. They charge minimum brokerage of 30 Rs for your trade.
    •   Hidden charges.
Angel Broking Review  
Year of Incorporation 1987
Products Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution
Demat Services No
Active Exchange Memberships NSE, BSE, MCX, NCDEX
Website https://www.angelbroking.com
Contact Details 022-28358800
Total Number of Clients 4,26,700+
Total Number of Branches 900

Angel Broking is an Indian Stock Broking firm which is established in 1987. The company is a member of the BSE, NSE and two leading commodity exchange in the country NCDEX and MCX. It is a depository participant with CDSL.

The company has 8500+ sub-brokers and franchisee outlets in more than 900 cities across India.

Angel Broking provides a wide range of personalized wealth-management and investment services to its retail clients. These include Equity, Commodity & Currency Trading, Portfolio Advisory and Management Services, Investment Advisory Services, Distribution of Mutual Funds, IPOs, Personal Loans and Insurance, as well as E-broking & Depository services.

In 2006, the company started its Portfolio Management Services (PMS), IPOs business and Mutual Funds Distribution (MFD) arm. The company publishes research reports on areas related to investment broking.

The Angel broking is been awarded with many prestigious awards in financial sector like Top Performer in equity segment award in BSE 2015, D&B Equity Broking Award for 'Best Equity Broking House' 2015. Angel Commodities Broking (P) Ltd. is subsidiary of Angel Broking for commodities trading.

Special Offer: Free equity delivery trade for Lifetime + Flat ₹20 Intra-day and F&O trades. Get the offer

Angel Broking is a full service stock broking company in India which began its operation in1987. It is one of the leading stock brokers in the space with around 8500+ sub-brokers and franchisee outlets in more than 900 cities across India. The broker provide NRI services to its 800 k + retail NRI clients across 143 nations and territories. Angel Broking provides research & recommendations to its clients through their in-house research team & experts.

Through Angel Broking, you can trade in Equity, F&O, Commodities and currency across BSE,NSE,NCDEX & MCX. It not only provides platform to trade in Mutual Funds, and IPOs but also provides guidance for trading in stock market and value-added tools and services to enhance your trading experience.

The full Service broker also offers services like Portfolio management, Investment Advisory, Life Insurance, Personal Loans and Depository Services. Angel Broking is registered as a Depository Participant with CDSL.

Angel Broking Affiliation Details

  1. CIN : U67120MH1996PTC101709
  2. Angel Broking NSE Member ID:
    • Capital Market (CM) - INB231279838
    • Future & Options (F&O) - INF231279838
    • Currency Derivatives (CDS) - INE231279838
  3. Angel Broking BSE Member ID :
    • Capital Market (CM) - INB010996539
    • Future & Options (F&O) - INF010996539
  4. CDSL : IN-DP-CDSL- 234 - 2004
  5. MSEI : INE261279838
  6. PMS : PM/INP000001546.

Customers Service options offered by Angel Broking

Angel Broking offers multiple communication channels to its clients for using the customers' service

  1. Phone Number :
    • Sub Broker Support : 022-33551111 / 022-42185454
    • Support : 022-33551111 / 022-42185454
    • Investment advisory : (022) 3935 7600 Extn:6865
  2. Email Support :
  3. Corporate Office :
    G-1, Ackruti Trade Center,
    Road No. 7, MIDC,
    Andheri (E), Mumbai - 400 093.
    Tel: (022) 3083 7700.

Active Client Details Of Angel Broking

  • 430000+ Clients.

Angel Broking Account Opening & AMC Charges 2020

Trading Account / Demat opening is onetime fee that Angel Broking charge while initiate your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charges by Angel Broking to maintain your account, this is annual charges and deduct from your account even if you haven't trade for a year.

The Demat Account Opening Fees of Angel Broking is free. Their AMC charges depend on plans they offer. Angel Classic plan has AMC fees of Rs.450. Angel Preferred comes with free AMC for 1st year while AMC is charged post 1 year. 2nd year AMC is free with Angel Premier plan & post that it is chargeable. Angel Elite plan offers 3 year AMC free & post that it is chargeable. This plan has one more offerings which makes AMC lifetime free i.e. when a client pays Rs. 300,000 or more margin money

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account NIL NIL
Demat Account NIL INR450

The Final Thoughts about Angel Broking

Angel Broking is a renowned name in share brokerage Industry with over 10 lakh customer base, powerful online trading tools, Research-based investment advice, dedicated customer service. Angel Broking is best suited for newbie's in the market who can get help from its branches in your neighborhood but only at the cost of paying high brokerage.

The challenge Angel Broking and all other full-service brokers are facing with emerge of new discount brokers in the market is inevitable and has to compete hard to stay in business. But in today's changing scenario where Brokerage Industry is moving towards flat rate brokers or discount brokers and with the availability of high-speed internet, increased use of computers and customer long term desire to reduce the brokerage, big names like Angel Broking even has to work hard for being in the business.

The Broker doesn't have good repo over customer service as far as reviews are concerned. They also have minimum brokerage of Rs 30 which is like additional charges to trade in Penny Stocks.

As far as the brokerage goes, it is a costly deal for casual investor and day traders, because they will fall either in a higher bucket of brokerage or constraint of minimum brokerage.

Special Offer: Free equity delivery trade for Lifetime + Flat ₹20 Intra-day and F&O trades. Get the offer
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Angel Broking User Reviews

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