Angel One Review 2026
A full-service broker offering flat ₹20 discount-style pricing, in-house research and one of India's largest branch networks.
Quick verdict: Angel One is a full-service broker that charges discount-broker prices. Since moving to its flat iTradePrime plan, it charges ₹20 (or 0.1%, whichever is lower) per executed order, while still bundling in-house research, ARQ advisory and one of India's largest offline networks — around 900 branches and authorised persons across 1,800+ cities.
It suits investors who want research, hand-holding and a local point of contact without paying traditional percentage-based brokerage. Pure self-directed traders who never need offline support may find a discount broker equally good. The main things to know before opening an account: there is no 3-in-1 account, no GTT/GTC orders, and no trading in SME shares. Full charges, ratings, margins and complaint data are below.
About Angel One
Incorporated in 1987, Angel One is one of India's largest full-service retail brokers that now offers discount-style online brokerage. It provides equity, F&O, currency and commodity trading, plus a Super App with in-house research, IPOs, mutual funds and margin funding.
In November 2019 Angel One moved to a flat-fee plan (iTradePrime) charging a fixed ₹20 per order across most segments, with equity delivery and intraday priced at ₹20 or 0.1% (whichever is lower).
| Broker type | Full-service Broker |
|---|---|
| SEBI Registration | INZ000161534 |
| NSE Member code | 12798 |
| Net worth | ₹4,620.22 Cr |
| Year of incorporation | 1987 |
| Exchange membership | BSE · NSE · MCX · NCDEX |
| Account opening charge | ₹0 (Free) |
| Demat AMC | ₹240 |
Angel One brokerage charges
| Segment | Brokerage |
|---|---|
| Equity Delivery | ₹20 or 0.1% (lower) |
| Equity Intraday | ₹20 or 0.1% (lower) |
| Equity Futures | ₹20 / order |
| Equity Options | ₹20 / order |
| Currency F&O | ₹20 / order |
| Commodity F&O | ₹20 / order |
Angel One trading platforms
Angel One Super App Mobile
Android & iOS app to trade equity, F&O, mutual funds, US stocks and IPOs from one place.
Angel One Trade Web
Browser-based platform with auto-updating rates.
Angel SpeedPro Desktop
Installable terminal with single-window trading and advanced monitoring.
Angel One pros & cons
Pros
- Full-service research at flat ₹20 discount-style pricing.
- Flat fee across segments & exchanges.
- Free research, advisory and trading tips.
- Margin trading & securities as collateral available.
- No charge for NEFT / fund transfers.
- Local sub-broker / RM support.
Cons
- Margin funding can be applied without notice.
- No trading in SME shares.
- Sales team may cross-sell other products.
- GTC / GTT order facility not available.
- Does not offer a 3-in-1 account.
Angel One margin & leverage
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | Up to 5x |
| F&O (Eq/Curr/Comm) | 100% NRML (Span + Exposure) | 1x |
Angel One ratings & reviews
How to open a Angel One account
Click Open Free Account and verify your mobile number with OTP.
Enter your PAN and Aadhaar; details are fetched and verified digitally.
Add bank details, upload signature and complete in-person verification via video / e-sign.
Account is activated — start trading on the Super App, usually within 24 hours.
Angel One complaints (exchange data)
Complaints filed against Angel One at the exchanges, and the ratio per active client — a proxy for service quality.
| Exchange | FY | Clients | Complaints | Ratio |
|---|---|---|---|---|
| NSE | 2025-26 | 67,45,594 | 1,070 | 0.016% |
| BSE | 2025-26 | 28,49,610 | 29 | 0.001% |
| NSE | 2024-25 | 75,77,878 | 2,008 | 0.030% |
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