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Angel One Review | Is Angel One Reliable? A Complete Analysis of Regulatory Compliance, Trading Conditions, Deposits and Withdrawals, and User Reputation
2 weeks before
Summary：How is Angel One? This review comprehensively analyzes Angel One, a full-service Indian broker, including its regulatory licenses, transaction fees, account types, platform features, and customer feedback. It addresses investor concerns such as "Is Angel One reliable?", "Is it legitimate and safe?", and "Is it a scam?"
1. Brand Background and Development History
Angel One (formerly known as Angel Broking Ltd.), founded in 1996 and headquartered in Mumbai, is one of the oldest retail brokerage firms in India.
Listing status: Listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India.
User scale: More than 12 million retail customers .
Positioning: Covering investors in second- and third-tier cities across India , providing both discount brokerage and comprehensive wealth management services.
2. Trading Account and Trading Conditions
| Account Type | Minimum deposit | Commission/Spread |
|---|---|---|
| Equity Delivery | No minimum deposit | 0 commission |
| Intraday Equity | No minimum deposit | 20 INR per transaction or 0.25% (whichever is lower) |
| F&O (Futures/Options) | No minimum deposit | 20 INR per transaction |
| Commodities/Currency | No minimum deposit | 20 INR per transaction |
Comment : Angel One is similar to Zerodha and Upstox in terms of commission, but emphasizes one-stop service.
III. Supervision and Compliance
| Regulatory agencies | License number | Entity Name |
|---|---|---|
| SEBI (Securities and Exchange Board of India) | INZ000161534 | Angel One Ltd. |
| NSE Member | Member code: 12798 | Angel One Ltd. |
| BSE Member | Member code: 612 | Angel One Ltd. |
| Member of MCX (Commodity Exchange of India) | Member code: 12685 | Angel One Ltd. |
Comments : It has comprehensive compliance qualifications and is a first-tier fully licensed broker in India .
IV. Trading Products and Market Coverage
Stocks (NSE/BSE listed companies)
Index futures and options (NIFTY, BANKNIFTY, etc.)
Commodities (gold, crude oil, etc.)
Forex Currency Pairs (India Market Only)
Mutual Fund & IPO Subscription
Wealth Management Products
5. Trade Execution and Technical Performance
Platform: Angel One App and Angel SpeedPro (desktop version) .
Features:
Integrate research reports and trade execution.
Provide intelligent recommendations (ARQ investment advice system).
Support for Algo Trading API .
Comments : Rich in features, but slightly inferior to Upstox Pro in terms of application smoothness and modern UI.
6. Deposit and Withdrawal Methods and Time Limits
Deposit: NetBanking, UPI, Debit Card.
Withdrawal: Bank transfer.
Time limit: deposits are immediate, withdrawals are T+1.
7. Customer Service and Additional Features
Customer Service: Phone, Email, Online Chat.
Working hours: 9:00–18:00 on weekdays.
Supported languages: English, Hindi and some regional languages.
Additional functions: investment research reports, IPO quotations, and financial consulting.
8. Media and User Reviews
Media citations
Economic Times called Angel One "a bridge to retail investment in India."
Business Standard reported that it has expanded through second- and third-tier cities, with rapid user growth.
User feedback
Advantages: Rich investment and research resources, comprehensive business coverage, and long brand history.
Cons: App sometimes lags, customer service response speed is average.
Overall conclusion : Angel One is suitable for Indian investors who need a full range of services , rather than high-frequency traders who only pursue low fees.
IX. Risk Warning
For Indian customers only.
The technical stability of the platform needs to be continuously optimized.
Insufficient international market coverage.
10. Rating (10-point system + brief comments)
Regulatory Compliance: 10/10 — Fully licensed and listed company background.
Trading conditions: 8/10 — free delivery, standardized commissions for futures and options.
Platform Experience: 7/10 — Fully functional, but UI and stability could be improved.
Deposit and Withdrawal Experience: 7/10 — Limited to local Indian channels.
Customer Service: 7/10 – Average response time.
Overall rating: 7.8/10 - A fully licensed, research-oriented brokerage suitable for medium- to long-term investors.
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