Angel One

Angel One Limited Overview

Angel One Limited is one of India’s largest providers of financial services and has integrated its traditional brokerage services into many digital platforms. Established in August 1996, Angel One has grown into a technology-oriented financial services provider with 24.7 million users as at mid-2024, illustrating the rapid growth of digital access to financial markets.

This overview will review the history of Angel One, the digital services it offers, the regulatory requirements for brokers operating in India, Angel One’s technology platform, the fees associated with using Angel One’s technology platform, and the current level of service on the Angel One technology platform.

Angel One was founded by Dinesh D. Thakkar on 8 August 1996 in Mumbai and has grown from a broker to provide regular brokerage services (established in 1997). In July 2004, Angel One expanded into commodity trading through partnerships with insurance providers and in 2007 established an insurance partnership.

In November 2019, Angel One formally changed its name to Angel One following a significant digital transformation. On 5 October 2020, Angel One became publicly traded following its listing on both the BSE and NSE.

Angel One currently provides trading platforms for online, mobile (both Android and iOS applications began to be developed from 2011), and desktop software for trading in a variety of products:

Equities (derivative & intraday)

Derivatives

Commodities

Currencies

Mutual funds

Insurance

Wealth Management

Angel One has built a large technology team with over 600 members developing a sophisticated platform for its customers.

Regulatory Compliance and Licensing

Angel One is in compliance with the regulatory framework for brokers in India as well as having satisfied the requirements for membership by all of the major Indian Stock Exchanges.

Regulatory Authorities/Regulator Types/Status of Angel One

SEBI/Stockbroker & DP (Depository Participant)/in-compliance/active registration

NSE/Member/in-compliance/active registration

BSE/Member/in-compliance/active registration

MCX/Member/in-compliance/active registration

Technology and Trading Conditions

Angel One provides a number of technology-based trading platforms that primarily allow for customers to trade using website, through mobile applications, or through desktop applications.

Market Data: Immediate access to real-time market data and advanced charting capabilities.

Trading Accounts: Customers have access to trading accounts for Stock and Bond trading, Options & Derivative trading.

Leverage: Leverage on options and currency trades is available in compliance with SEBI Rules.

Technical Support Team: More than 600 technical support.

Angel One has implemented a zero-commission structure for stocks (by volume) for above-average volume delivery, while Angel One charges a flat fee for day trading (also known as intraday trading) and futures and options trading.

Deposit Fees: Zero Deposit Fees available.

Withdrawal Fees: Rarely assessed any fees to remove funds from Angel One Items via Technology.

No trading fees are charged for Equity Delivery. However, consult with Angels Representative for more information regarding charges assessed for Day Traders or Futures & Options traders.

Minimum account size to open a general Angel One account is unlimited.

Customer Service and Education Services

Angel One is well known for providing users with an excellent, cost-effective source of Financial Services. As of mid-June, 2024, Angel One is currently one of the topestablishments in India, due to 24.7 million active stakeholders using their services. While advanced tools/services offered by Angel One usually take customers a little time to learn, our vast educational and customer support offerings are highly beneficial for our customers.

Recent Developments

Angel One has exhibited a tremendous amount of customer growth - increasing from 1.03 million (as of January 2023) to currently total of over 24.7 million customers through mid-2024.

The market capitalization for Angel One increased to over ₹25,000 crores as of March, 2024.

Angel One will be maintaining innovative strategies in place through 2025.

Final Comments

Angel One has rapidly transitioned into becoming one of India’s leaders in Technology Driven Financial Services. In addition, Angel One has an established track record in providing and achieving full compliance for the financial services industry in India. You will have the most comprehensive selection of services to meet your needs as an Indian Retail Investor, and Angel One is positioned to experience significant future growth.