Reviewed by Neil, Founder, PaisaTrade.in · Updated 2026-09-29
Angel One Review 2026
Smart Broker. Smart Investor. — Complete brokerage analysis, charges breakdown, platform review, and honest verdict for Indian investors.
28+ years experience + AI robo advisory (ARQ)
Brokerage
₹20
AMC
₹240/year
Active Clients
50 Lakh+
Founded
1996
About Angel One
Angel One is one of India's most recognized stock brokers, registered with SEBI (Registration No: INZ000217730). Founded in 1996 and headquartered in Mumbai, Maharashtra, Angel One has built a strong reputation in the Indian capital markets. With over 50 Lakh+ active NSE clients, making it India's largest broker in terms of registered clients.
As a discount broker, Angel One offers trading across Equity, F&O, Currency, Commodity, Mutual Funds, IPO segments. The broker operates a app-first, mobile-native trading infrastructure, catering primarily to investors wanting research + advisory + discount pricing.
The brokerage model at Angel One is straightforward: flat fees with zero delivery brokerage. This model favours active traders and long-term investors alike, as delivery (holding) trades incur no brokerage — only SEBI charges, STT, stamp duty, and exchange fees apply.
Account Opening Process
Opening an account with Angel One is a fully online, paperless process. You need your PAN card, Aadhaar, bank account details, and a signature image. The KYC verification is Aadhaar-based (eKYC) and typically completes within 24–48 hours. Account opening fee is ₹0.
Brokerage Calculation Example
Let's say you buy 100 shares of Reliance at ₹2,800 (total value = ₹2,80,000):
Margin & Leverage
For intraday equity trades, Angel One provides Up to 5x leverage. For F&O, margin requirements follow SEBI's SPAN + Exposure framework set by the exchanges. Note: As per SEBI regulations, naked short selling in options requires full premium upfront, and margin pledge requirements were updated in 2021.
Angel One offers a Margin Trading Facility (MTF) for select stocks, allowing you to hold leveraged positions for more than one day by paying daily interest.
Tax & Compliance Features
Angel One provides detailed P&L statements, tax P&L reports (for ITR filing), and SEBI-compliant contract notes for every executed trade. These are accessible from the web platform and downloadable as PDFs. For mutual fund investments, Angel One provides capital gains statements aligned with LTCG/STCG tax brackets.
SEBI Registration & Safety
Angel One is registered with SEBI under registration number INZ000217730. Client funds are held separately from the broker's own funds as per SEBI's client asset segregation norms. Angel One is also a registered member of NSE, BSE, MCX, and NCDEX (where applicable). Your demat account is held with NSDL or CDSL — separate from the broker — ensuring your securities are safe even if the broker faces financial difficulties.
Active Client Base
50 Lakh+
Active NSE Clients (2026)
#3
NSE Rank by Active Clients
Angel One ranks #3 among all NSE-registered stockbrokers by active client count. NSE publishes this data monthly — Angel One's consistent presence in the top 20 reflects strong client retention and new account growth. The broker primarily serves investors wanting research + advisory + discount pricing.
Angel One mein invest karo,
PaisaTrade se seekho.
Angel One aapko trading platform deta hai — PaisaTrade aapko woh knowledge deta hai jo chahiye sahi decisions lene ke liye. Hamare structured courses, paper trading simulator, aur Sensa AI se apni trading skills develop karo — risk-free.