👼 Angel One Review 2026
One of India's oldest full-service brokers gone discount — honest review of charges & features
Angel One (formerly Angel Broking) is one of India's oldest brokers, founded in 1987, recently pivoted to a tech-first discount model. It has 75 lakh+ active clients and offers a robo-advisory feature called ARQ. Charges zero brokerage on equity delivery — a key advantage — but ₹240/year demat AMC and ₹20/order for intraday/F&O make it slightly more expensive overall. Good for conservative investors who want built-in research.
💰 Angel One Charges 2026
| Segment | Brokerage | Notes |
|---|---|---|
| Equity Delivery | ₹0 FREE | Zero brokerage for delivery trades |
| Equity Intraday | ₹20 per order | Flat fee |
| Equity F&O | ₹20 per order | Flat fee |
| Currency | ₹20 per order | NSE/BSE currency segment |
| Commodity | ₹20 per order | MCX segment |
| IPO Application | ₹0 FREE | Apply via Angel One app, no charges |
| Mutual Funds | ₹0 FREE | Direct plans on Angel Bee |
| Account Opening | ₹0 FREE | Online KYC, Aadhaar-based |
| Demat AMC | ₹240/year Charged 1st Year Too | Unlike Zerodha, not free for 1st year |
| DP (Sell) Charges | ₹20 + GST per scrip per day | Highest among the 4 brokers |
⚖️ Pros & Cons
✅ Pros
- Zero brokerage on equity delivery
- Built-in research reports & recommendations
- ARQ robo-advisory feature
- Commodity trading (MCX) available
- Free IPO applications
- Long-established and trusted brand
- Angel Bee for mutual funds
❌ Cons
- ₹240/year AMC (charged from year 1)
- Highest DP sell charges (₹20/scrip)
- App UI not as modern as Groww/Zerodha
- Pushy sales calls and upselling
- ARQ advisory is generic, not personalised
- Order execution can lag during peak hours
🆚 Angel One vs Zerodha — Quick Compare
| Feature | Angel One | Zerodha |
|---|---|---|
| Delivery Brokerage | ₹0 FREE ✓ | ₹0 FREE ✓ |
| Intraday / F&O | ₹20/order | ₹20/order |
| Demat AMC | ₹240/year (from yr 1) | ₹300/year (1st yr free) |
| DP Sell Charges | ₹20/scrip — Highest | ₹13.5/scrip — Lowest |
| Trading Platform | Angel One App / Web | Kite — Industry Best |
| Research | In-house research ✓ | None (3rd party) |
| Mutual Funds | Angel Bee | Coin (better UI) |
| Education | Basic | Varsity — India's best |
Overall winner: Zerodha, especially for IPO investors and long-term holders.
💡 Our Verdict — Zerodha Wins Overall
Angel One is decent but the ₹20/DP sell charge and ₹240/year AMC from day one makes it costlier than Zerodha for most investors. Switch to Zerodha and get ₹100 reward via our link.
⚡ Open Zerodha — Best Overall + ₹100 RewardMax 5 ₹100 reward claims/month · Email Client ID to contact@ipobee.in