Angel Broking Demat account Reviews:Angel Broking is the full-service retail broker. It provides various services like the commodities, margin finance, loans against shares and stock selection advise.
Angel broking is the first most discounted brokerage trading app among all.It benefits the investors in trading. Angel broking offers a safe, seamless online share trading platform.
Angel Broking Demat account Reviews:The Angel One is a member of the National Stock Exchange and Bombay Stock Exchange and the two leading commodity exchanges in India : MCX and NCDEX.Angel one is also registered as a Depository participant with CDSL.
Limitations of Angel Broking:
- 3 in 1 Demat Account not available
Angel Broking Demat account Reviews:A 3 in 1 demat account allows one to store the securities buy or sell them {trading account}.But this feature is not available in the Angel Broking. It is not linked with the other banking groups.3 in 1 demat account facility is not available in the Angel Broking.
Some examples of 3 in 1 demat accounts like {Zerodha 3 in 1 demat account with IDFC first bank,Upstox 3 in 1 demat account with IndusInd bank}.
- Fund transfer via IMPS chargeable
Angel Broking Demat account Reviews:In Zerodha, you need to pay the particular charges whenever you transfer the funds but in other trading apps there is no requirement to pay the money for transferring of funds. This is the second drawback for the investors.
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- GTD/GTC orders time Duration is less:
Angel Broking Demat account Reviews:For long term investors, the time duration provided by the Angel broking is very less.
When we placed the orders so it takes some time to sell or buy the shares.
In Zerodha and Upstox, the GTD and GTC period is more in compared to the Angel Broking. Though it is not a right fit for the long term investors because for 1 to 2 days they track and then buy or sell the stock accordingly.
- Interface is not so good
In other apps like upstox and Zerodha the system is very smooth but in the Angel broking it is not so good .Sometimes investors are little bit confused how to tackle with the current situation so they jump to the other brokerage platforms.
The software is not so updated and advanced. During this time, there is multi advanced IT facilities everywhere but in Angel Broking it is not much advanced. The level of advancement is Basic.
Call and Trade:
The call cost is high and whenever we need to discuss anything regarding the investing so they always take some charges. .
An additional charge of Rs 20 applies to all executed order placed over the phone.
Angel Broking didn’t tell about the hidden charges. When investors buy or sell the orders in a market then this app take some hidden charges. And it affects the investors.
There are so many fraud cases with this brokerage firm though it is oldest brokerage firms in India During 2016 inspection by SEBI angel broking was found misutilising client resources. During the period of sept 19–23 to Oct 19–21 In the year 2016 SEBI clearly found a non settlement of client and misutilisation of resources by angel broking. For such case they had to pay a hefty amount of 32 lakh to SEBI as settlement charges. Investors did not get proper support from the brokerage platform so they can opt other firms for trading.
The Customer care Service of Angel broker is not so appropriate.Normally,investors have so many doubts and queries regarding their stocks. Everyone wants their brokerage firm must be working so smooth. If any of the company can fraud or loss their shares one day so they all collected in a depository. All the company stocks are collected and stored In the depositories.