Angel One Review 2026
Discount broker with research · May suit: Investors who want research with low fees
Angel One charges ₹0 account opening and a flat ₹20 on F&O. Equity is ₹20 or 0.1% (whichever is lower) after an introductory first 30 days. AMC is free in year one.
Fees checked on against the official pricing page.
At a glance
- Account opening
- ₹0
- AMC
- Free yr 1; ₹60/qtr + GST
- Delivery
- 0.1% or ₹20
- Intraday
- 0.1% or ₹20
- Futures
- ₹20/order
- Options
- ₹20/order
- DP charge
- ₹23.60/sell txn
- MTF
- 0.041%/day
Overview
Angel One is one of India's oldest broking groups. It moved to a flat-fee discount model while keeping a research arm.
After an introductory offer of ₹0 brokerage (up to ₹500) in the first 30 days, equity trades cost ₹20 or 0.1%, whichever is lower, and F&O costs ₹20 per order. The first-year AMC is waived.
Company & regulation
| Legal entity | Angel One Limited |
|---|---|
| Founded | 1996 |
| Headquarters | Mumbai, Maharashtra |
| SEBI stock broker registration | INZ000161534 |
| Depository participant | IN-DP-384-2018 (CDSL) |
| Other registrations | SEBI research analyst INH000000164; CIN L67120MH1996PLC101709 |
| Account types | Individual, NRI, HUF, corporate |
| Products | Equity, F&O, commodity, currency, mutual funds, IPO, MTF |
Verify registration on SEBI's register of stock brokers.
Angel One charges
| Account opening | ₹0. |
|---|---|
| Demat AMC | Free for the first year. After that, BSDA: nil up to ₹4 lakh and ₹100 + GST for ₹4–10 lakh; non-BSDA: ₹60 + GST per quarter. |
| Equity delivery | ₹0 brokerage up to ₹500 in the first 30 days; then ₹20 or 0.1% per executed order, whichever is lower (minimum ₹5). |
| Equity intraday | ₹0 brokerage up to ₹500 in the first 30 days; then ₹20 or 0.1% per executed order, whichever is lower (minimum ₹5). |
| Futures | Flat ₹20 per executed order. |
| Options | Flat ₹20 per executed order. |
| DP charge (on selling delivery shares) | Every sell transaction per ISIN. ₹20 + 18% GST (₹23.60) per ISIN per transaction. Split: ₹3.50 CDSL + ₹16.50 Angel One (men), ₹3.25 + ₹16.75 (women). Angel One's example: selling TCS at 10 am and again later the same day attracts DP twice. |
| Margin trading (MTF) | Interest 0.041% per day on MTF borrowings (Angel One lists 0.049% per day for ordinary debit balances). |
| Other notable charges | Call & trade: ₹20 per order. DDPI: ₹100. Angel One's page also mentions an MTF interest revision to 14.99% a year (see the source-conflict note). |
How Angel One counts the DP charge
- Rule
- Every sell transaction per ISIN
- Broker's part
- ₹16.50 (women ₹16.75)
- Depository part
- ₹3.50 (women ₹3.25)
- GST
- 18% on the total
₹20 + 18% GST (₹23.60) per ISIN per transaction. Split: ₹3.50 CDSL + ₹16.50 Angel One (men), ₹3.25 + ₹16.75 (women). Angel One's example: selling TCS at 10 am and again later the same day attracts DP twice.
Source: Angel One support – DP charges; Angel One – Brokerage & other charges. Checked 30 September 2026. Compare every broker's rule in our DP charges guide.
Where Angel One's own sources disagree
- Angel One's charges page lists MTF interest as 0.041% per day and also mentions a revision to 14.99% per year. The two are close (0.041% × 365 ≈ 14.97%) but not identical; check the rate shown in the app before using MTF.
We show the figure from the broker's main pricing page in the tables and note the other version here. Ask the broker to confirm which applies to your account.
Full fee schedule with sources
| Fee | Amount | Charged | Applies to | Source |
|---|---|---|---|---|
| Account opening | ₹0 | one-time | Resident individual | Angel One – Brokerage & other charges |
| Demat AMC – first year | ₹0 | first year | Resident individual | Angel One – Brokerage & other charges |
| Demat AMC | ₹0 / ₹100 + GST a year | annual | BSDA: nil up to ₹4 lakh; ₹100 + GST for ₹4–10 lakh | Angel One – Brokerage & other charges |
| Demat AMC | ₹60 + GST a quarter | charged after first trade each quarter | Non-BSDA | Angel One – Brokerage & other charges |
| Brokerage – first 30 days | ₹0 up to ₹500 | first 30 days | Resident individual | Angel One – Brokerage & other charges |
| Brokerage – delivery / intraday | 0.1% or ₹20, whichever is lower; min ₹5 | per executed order | Resident individual | Angel One – Brokerage & other charges |
| Brokerage – F&O (Equity F&O) | ₹20 | per executed order | Resident individual | Angel One – Brokerage & other charges |
| DP charge | ₹20 + 18% GST = ₹23.60 | per ISIN per sell transaction | Resident individual | Angel One support – DP charges |
| MTF interest | 0.041% a day | on MTF borrowing | Resident individual Same page also mentions a revision to 14.99% p.a. (see conflicts). |
Angel One – Brokerage & other charges |
| Call & trade | ₹20 | per order | Resident individual | Angel One – Brokerage & other charges |
Statutory charges (STT, exchange transaction charges, SEBI fee, stamp duty) and 18% GST are extra. Estimate a full trade in the brokerage calculator.
Platforms & apps
Angel One offers its own mobile app and web platform, plus SmartAPI for programmatic trading.
- Mobile: Angel One app (Android, iOS)
- Web / desktop: Angel One web trading, SmartAPI
Research, support & margin
Research
Angel One is registered with SEBI as a research analyst (INH000000164) and publishes research reports. Research is not personalised advice.
Customer support
Support is available through the help centre and call & trade desk (₹20 per order). Check Angel One's website for current channels.
Margin & MTF
MTF is available at 0.041% interest per day on the borrowed amount. A separate 0.049% per day applies to ordinary debit balances.
Pros & cons
Pros
- Flat ₹20 F&O brokerage
- SEBI-registered research arm
- Free AMC in the first year
- Call & trade at ₹20 per order, lower than some rivals
- SmartAPI for algorithmic users
Cons
- Brokerage on delivery trades after the first 30 days
- DP of ₹20 + GST on every sell transaction, even for the same stock on the same day
- Non-BSDA AMC applies from year two
Who Angel One suits
Investors and traders who want flat fees but also value research reports from a SEBI-registered research entity.
May not suit
Pure buy-and-hold investors looking for ₹0 delivery brokerage.
For beginners
The first-month brokerage offer lowers early costs, but compare the ongoing tariff, not just the offer.
Ready to compare? Check Angel One's current charges on its official page before opening an account.
Visit Angel One websiteCompare Angel One
Frequently asked questions
What are Angel One's brokerage charges?
After the first 30 days, equity delivery and intraday cost ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5). F&O costs a flat ₹20 per order.
What is Angel One's AMC?
Free for the first year. After that, non-BSDA accounts pay ₹60 + GST per quarter; eligible BSDA accounts pay nil up to ₹4 lakh.
How is Angel One's DP charge applied?
₹20 + 18% GST per ISIN per transaction. Angel One's own example: selling TCS at 10 am and again later the same day attracts the DP charge twice.
Is Angel One SEBI registered?
Yes. Angel One Limited's stock broker registration is INZ000161534, and it is also a SEBI-registered research analyst (INH000000164).
Sources
- Angel One – Brokerage & other charges — accessed 30 September 2026
- Angel One support – DP charges — accessed 30 September 2026
- SEBI – register of stock brokers — accessed 30 September 2026
- CDSL communiqué on SEBI's revised Basic Services Demat Account (BSDA) framework — accessed 30 September 2026
- SEBI press release: 93% of individual F&O traders incurred losses (FY22–FY24) — accessed 30 September 2026