Angel One Brokerage Review: A Comprehensive Guide for Indian Investors
Angel One — Brokerage Review
Angel One follows a flat fee model where the maximum brokerage charged is Rs 20 or 0.25% of the transaction value, whichever is lower. The brokerage plans include Angel iTrade Prime, which features Rs 2 minimum brokerage per order for equity delivery. After the first 30 days, a small charge of Rs 20 or 0.1% (whichever is lower) applies for free delivery trading.
Account Fees
| Fee Type | Amount |
|---|---|
| Trading Account Opening Fee | Zero |
| Trading Account AMC | Zero |
| Demat Account Opening Fee | Zero for residents; Rs 500 for NRI |
| Demat AMC | Not Applicable |
Brokerage is separate from account fees and AMC. Account fees are one-time or recurring charges for maintaining accounts, while brokerage is charged per trade executed.
Brokerage by Segment
Brokerage refers to the broker’s charge per order, excluding statutory taxes, SEBI, and stamp duties.
| Equity Segment | Brokerage |
|---|---|
| Delivery | Rs 2 |
| Intraday | Rs 20 |
| Futures | Rs 20 |
| Options | Rs 20 |
| Currency Segment | Brokerage |
|---|---|
| Futures | Rs 20 |
| Options | Rs 20 |
| Commodity Segment | Brokerage |
|---|---|
| Futures | Rs 20 |
| Options | Rs 20 |
Exchange Transaction Charges
These charges are levied by exchanges (NSE/BSE) and are separate from brokerage.
| Segment | NSE | BSE |
|---|---|---|
| Equity Intraday | 0.00297% on turnover | Varies by scrip group |
| Equity Delivery | 0.00297% on turnover | Varies by scrip group |
| Equity Futures | 0.00173% on turnover | Zero |
| Equity Options | 0.03503% on premium | 0.0050% (Stock options) 0.0325% (Index options) |
| Currency Futures | 0.00035% on turnover | Not Available |
| Currency Options | 0.0311% on premium | Not Available |
Statutory Taxes
STT/CTT, GST, and SEBI charges apply on transactions. Rates vary by segment.
| Tax/Levy | Rate / Applicability |
|---|---|
| STT — Equity Delivery (Buy) | 0.1% on transaction value |
| STT — Equity Delivery (Sell) | 0.1% on transaction value |
| STT — Equity Intraday (Sell) | 0.025% on sell side |
| STT — Equity Futures (Sell) | 0.0125% on sell side |
| STT — Equity Options (Sell) | 0.0625% on premium |
| GST | 18% on brokerage + transaction charges |
| SEBI Charges (General) | Rs 10 per crore on turnover |
Stamp Duty (by Segment)
| Segment | Rate |
|---|---|
| Equity Delivery | 0.015% on buy side |
| Equity Intraday | 0.003% on buy side |
| Equity Futures | 0.002% on buy side |
| Equity Options | 0.003% on buy side |
Stamp duty is charged upfront on the buy-side per segment rules.
Demat & DP Charges
| Charge | Amount |
|---|---|
| Demat Transaction — Buy | Not Applicable |
| Demat Transaction — Sell | Rs 20 + Rs 5.50 (CDSL) + GST |
DP and pledge charges can impact users who frequently pledge shares or engage in BTST trades. It’s important to factor these costs into trading strategies.
Effective Cost Examples
To estimate total charges, use the brokerage calculator available at this link. Input your trade details to see how brokerage, exchange fees, STT, SEBI, GST, and stamp duty combine for your transactions.
Value-Add Pricing Context
Angel One offers additional services such as Margin Trading Facility (MTF), Loans Against Shares (LAS), and advisory services. These features can significantly alter the overall cost of ownership for investors.
Summary
Investors looking for a cost-effective brokerage schedule may find Angel One beneficial. With the Angel iTrade Prime plan offering low fees and free delivery, it is suitable for both beginners and experienced traders.
Column source: Angel One
