Angel broking: Cheap brokerage and excellent service.

[vikrammg]

hi what about rk global, can i know more about this brokerage

 

[vikrammg]

can i know about rk global

 

[mark_sas30]

angel is like a poltician , "like before winning a election they make lots of promises and after winning they lots of execuses" similarly "angel they hide lots of hidden charges then after opening they will charge for lot of things" once u ask y this information was not shared earlier than they will say our executives did mention to you at the time of opening.

for all those people who praise angel brokerages, for them from 01st of june they will charges Rs 30 on EACH SEGEMENT,NSE AND BSE as min contract charges

THAT means unless u do min 2 lac turn over u should not be doing intraday, or min cash delivery buy of
Rs 15000, or any thing less will be paid @ .30% not .20%
hope u make profit.

 

[mark_sas30]

Hi again Akash, calls made from those numbers are only outgoing most times, which is why you may have not been able to reach them. To answer your other questions..

1. Upon submission of filled in Application form & complete documents, Demat/Trading account opening takes approximately 3-4 days time and the margin amount gets credited in to your ledger in said segments (NSE/BSE/NSEFO/MCX etc) within same period.

2. You may use funds deposited by you while account opening for trading exposure. Angel gives approx. 6 times exposure vs. funds available in your account.

3. Through net banking, you can transfer funds to Angel within less than 24 hrs or may be instantly. However, Angel claims to transfer funds to their clients account, through net banking, within 24 hrs.

4. Almost every Broking house does charge an Annual Maintenance charges(AMC) to its clients. Similarly Angel too charges an AMC of Rs. 300 to its clients. However, you may contact your Relationship Manager/Marketing Executive for negotiating on the same.

5. Separate cheques need not be submitted for trading in different segments, NSE/BSE, NSE FO/MCX/NCDEX etc. however you may transfer funds from one segment to another over the Internet or telephonically. Its really easy.

All the best!

angel is like a poltician , "like before winning a election they make lots of promises and after winning they lots of execuses" similarly "angel they hide lots of hidden charges then after opening they will charge for lot of things" once u ask y this information was not shared earlier than they will say our executives did mention to you at the time of opening.

 

[RAVI1952]

I am afraid, I do not agree with you on ANGEL software and website. It is one of the lousiest software for technical analysis. Charts are terrible. Brokerage depends upon your negotiations. They are competitive but incorrect to say "CHEAP" as others are also offering in the same range.

Their centralized customer service is bad but if you have an account and branch manager is good, then it is fine. However, never trust their verbal communication as you may be in for a surprise.

I have a trading and demat account with them for nearly 5 months. So far they have not given me their charges in writing . I have an idea of their brokerage rates based on deals but No idea of their Demat charges as so far there is no delivery based deal. I shall appreciate, if someone can let me know about their Demat charges. I would also like to know about other good brokers having competitive rates.

 

[vssoma]

Hi, you're getting this error because Angel SSL certificate is not Installed on your PC. You need to download and login through Angel PDA. You can download Angel PDA from tools link at Angel home page. As soon as you enters your client code in Angel PDA, it will install the SSL certificate on your PC and you won't get the error

dear,
need to install in every pc where i need to use angel trade.

 

[Dimpy99]

where to find 2010 brokerage plan

 

[mpnet]

PALS, i've started this thread as i could'nt find a seperate thread on ANGEL BROKING, i am trading with this broker for the past two months and its really good. However to be doubly sure i would request existing angel customers to post their views. As i mentioned that i am already trading with them so here are my experiences.

1: DIET ODIN: undoubtedly best trading software and they provide it for free even better than power indiabulls as it is fully customiable, the only prob with power indiabulls is automatically gets locked after one hour.

2: CHEAP BROKERAGE: while opening the account i convinced them of good volumes and was offered
intraday cash : .015%
fno: .015%
cash: 0.25%
after two and a half months of trading as my volume was very good these guys further reduced my brokerage to

intraday cash: 0.010 %
fno: 0.010 %
cash delivery: 0.015 %
Also i didnt had to pay any advance brolerage and i really feel these are really cheap brokerage rates for a broking house whose service is really good.

3: INTRADAY SQUARE OFF TIMING TILL 3.30,
this is certainly a huge advantage for day traders, very few brokerage give such opportunity viz sharekhan, ventura. Brokerages like religare, indiabulls have intraday square off time of 3.05

4: NO RESTRICTION ON STOCKS ON INTRADAY BASIS
This is the problem i've had with most of the brokers especially india infoline, religare. I am amongst the traders who trade stocks with good momentum and liquidty viz educomp, ivrcl infra, indiabulls real estate, dlf, chambal fertilizers. Brokers like religare, india infoline dont even give four times margin on such stocks.

5: good margin on intraday basis
these guys provide me 5 to 6 times margin on all stocks on intraday basis, which is quiet good.

6: free software ECHOPDA
This is seperate exe based software offered by them which keeps records of all your transaction. I found this of great help as i automatically calculates the total brokerage , securtiy transaction tax, profit and loss on each security. Also it will be of great help while filing INCOME TAX RETURN as u dont have to waste time on computing STT seperately.
I've learned from my experienced that keeping good records is of utmost importance for traders. Even master traders like alexander elder considers it the most important trading descipline after your trading system.

7: Decent derivative reports on open interest , pcr, put call activity. This is quiet useful to study the short term changes in nifty and other fno stocks. Siddharth Bhambre of angel broking one of the best derivative analyst freqquentlly appears on CNBC tv18 programme opening bell. Beside this there are other research reports which are okay.

So i would request all members to post their views. Beside angel i've mentioned ventura in my earlier post, ventura is cheaper but quiet knew. Also there are brokers like RK global which is quiet cheap but i am still not convinced about them.

In the end i assure all of you that i am not anyway connected to either of these broking house, I am a independent chartered accountant and a full time trader.

Thanks for your honest views. I wish you become mintu billionaire.

 

[mpnet]

sorry pal, i was just busy for few days so wasnt available on the forum. About the tax issues, well if you trade intraday/fno , u'll be having speculation profit/loss. While filing your income tax return, u'll have to make disclosure of the same. As we all know that STT simply eats our profits, so our beloved finance minister has done us a favour of considering stt a deductible expenditure from profit/loss. Say if you have made profit of 1 lac and paid 10000 stt , only 90000 will be considered as taxable income. So from every contract note u've to calculate stt and other exp seperately to claim deduction. So if there's a software for the same that automatically computes all these expense it would save quiet a lot of time. You can hit the thread tax related issues in the forum and just go through it, i beleive there's enough material available. If you've any further queries please don't hesitate to ask. I've learned a lot from this forum and would certainly love to give some back.

This is one more comment to tell that you are a nice person. I am too learning a lot from this site.

 

[mpnet]

Hi, Guys, my search for the best brokerage ended with Angel Broking and now i am having to search for another best brokerage, the reason being that it has been more than 2 weeks since i sent them the sms and twice somebody called me from andheri office and when i informed them that i want to open an accont wit vashi branch, they mentioned that somebody will call me but it seems they are too busy making profits from existing customers to tend to queries from new customers, good atleast they are doing justice to the existing customer, again then i sent an online message on saturday and they regretted taht nobody called and told me that somebody will surely call on monday, now i am wondering whether i heard wrongly or not because till today-tuestday no body called. If this is the service before joining i wonder what will be the service after i apply.

Even I faced what you expressed here. I do not why people take so pride in praising angel. Is there something fishy?????