Angel Broking Limited (formerly known as Angel Broking Private Limited) is a full-service retail broker of India established in 1987. It has largest number of active clients on NSE as in June 30, 2020. Hence, it became the largest full-service retail broker of India with reference to active clients. Apart from this, it has 21+ lakhs of registered clients. Angel Broking limited is a reputed member of NSE, BSE, MSEI, NCDEX and MCX.
The company has regularly improved their client services with advanced technology as they launched their mobile application in year 2011, KYC validation in year 2015 and complete client services digitally in year 2016.
Complaint against Angel Broking Broker
The Angel broking brokerage complaints report gives the detail about the number of complaints that are received by the stock exchanges. It analyses the online complaint of the Angel broking customers received at BSE and NSE. This report shows the health of the broker.
These complaints are the serious grievances against Angel Broking broker that remains unsolved. The customers then file these complaints legally at the stock exchange. The report also provides the number of active clients in Angel Broking. In other words, this shows the growth of the broker each passing year.
The data of complaints is shown in the below table:
No, since the password is only with you no one can do trade using your mobile phone. We keep the password in encrypted formats so that no one can sell your shares apart from you. It is advised to keep your password safe with you.
The minimum brokerage amount that is charged as per the agreed brokerage slab is Rs. 30. If you are unable to generate a brokerage of Rs.30 on any provided trading day, then you will be levied with an additional brokerage up to Rs.30 or 2.5%, whichever is lower in a particular segment.
Yes, you can block funds for an IPO. The client is required to submit the signed ASBA application form that is pre-filled with the application details. There is no need to provide cheque. The funds would be blocked in the bank account that is mentioned in the form and the funds will get released if the shares remain unallotted.
To place a margin order, follow the steps mentioned below:
1. Login with your Angel broking account using the Mobile app.
2. Search the scrip using buy or sell on the Menu or select the scrip in the MW.
3. You will see a buy order pad as you click on the search result, navigate from the menu and select the scrip from MW.
4. On the order pad select the product type as Margin.
5. Confirm the order by adding other details and your order will be placed.
Yes, you will receive an online confirmation of orders and trades. The status of any order gets updated on a real-time basis in the Order Book.
As you place your order they are immediately validated by the system and then sent to the exchange for execution. The entire process is completely automatic and there are no manual interventions.
You will also receive an email that will confirm the order placed by you at the end of the trading day. The digitally signed contract notes will also be sent through e-mail for the orders that are executed during the trading day.
The branches of Angel broking are well-spread across the different parts of India. It has a wide network of 11,500 sub-brokers and franchises in tier 1, tier 2 and tier 3 cities and towns of the country. Its broad network is among the top propositions to its clients.
It is a lending facility where the clients can avail the loans to trade in shares (Cash Segment of BSE and NSE) against the margin amount. The investor pays only an agreed margin of the total value of shares bought and the remaining is funded by the firm.