Angel broking: Cheap brokerage and excellent service.

[stocksplacement]

I think you are the first and maybe only one to find this out. That too few days after they announced it. Good work. :thumb: Basically the rest of us find out in the contract note and few months later there will be a dozen threads on this. :rofl:

alroyraj,

thanks for pointing this out.

It means that even if Angel agrees to give us 0.03% intraday, over and above this they will be charging Rs.30/- as on each segment buy as well as sell, is it not. If it is, just want some clarification.

1. Is this charge of Rs.30/- introduced by NSE or BSE or SEBI.

2. As I understand that we as an investor have to sign and agreement concerning the rates agreed between Angel and us investor, so if they are charging Rs.30/- extra on each segment then it also should be signed by us, is it not?

3. Secondly, if they are charging extra than what we have agreed upon, then shouldnt we complain to SEBI.

 

[Ramanath]

More than brokerage we should see the service the brokers giving to the client and how quality the research call are in place.

Getting more profits is important than the brokerage.

 

[satveer.sm]

india infoline also take lesser charges if volume is good

i pay 0.10 for cash delievery 0.01 for intra day and 0.02 for f&o

but i feel 0.02 in f&o is some much as u saying angel offer 0.01% in f&o then i will shift on angel broking for f&o trading ...........

what r account opening charges for angel ??????

i have life time free account in india infoline so if angel provide something like this sure i be on angel site

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.

 

[iTrade]

More than brokerage we should see the service the brokers giving to the client and how quality the research call are in place.

Getting more profits is important than the brokerage.

I agree that we should see service of brokers. But if u ar an heavy intraday trader [if you are not a heavy intradya trader then dont read ahead ;-) ], then just calculate the brokerage you pay for an YEAR. I repeat one full year, and then tell me if brokerage matters or not.

 

[mark_sas30]

Does angel charge any margin or transaction charges for stock sold which are available in pool ?

Ex: If sbin purchased today , the stock comes in pool, without transfering them in my demat account , i sell the stock after 10 days
will there be any charge on it ?

If i had transfered the stock on to my demat account then sold then there is charge of 11 rs.

 

[dhruvrs]

Hi,
Angel doesnt charges any margin or transaction charge for shares lying in pool a/c. However, the same is levied by Regulator & exchanges such as SEBI transaction charges. Furthermore, Angel charge Rs. 11 while selling a script irrespective of the location i.e. whether in pool a/c or in demat a/c.

Does angel charge any margin or transaction charges for stock sold which are available in pool ?

Ex: If sbin purchased today , the stock comes in pool, without transfering them in my demat account , i sell the stock after 10 days
will there be any charge on it ?

If i had transfered the stock on to my demat account then sold then there is charge of 11 rs.

 

[stocksplacement]

Hi,
Angel doesnt charges any margin or transaction charge for shares lying in pool a/c. However, the same is levied by Regulator & exchanges such as SEBI transaction charges. Furthermore, Angel charge Rs. 11 while selling a script irrespective of the location i.e. whether in pool a/c or in demat a/c.

dhruvrs, as you mentioned that RS.11 charged while selling a script, do you mean to say that if i purchase a script and sell it, even after charging a brokerage of 0.20%, they will charge another Rs.11/= is it. Could you clarify.

When i checked with them, they also told me that if the brokerage is less than Rs.30/- say for example i buy some scripts and the total brokerage comes to Rs.20/- then they will add Rs.10/- to it and charge me RS.20/= + Rs.10/- i.e. anythime minimum of Rs.30/= even if the rate agreed with me is 0.20%

 

[alroyraj]

dhruvrs, as you mentioned that RS.11 charged while selling a script, do you mean to say that if i purchase a script and sell it, even after charging a brokerage of 0.20%, they will charge another Rs.11/= is it. Could you clarify.

When i checked with them, they also told me that if the brokerage is less than Rs.30/- say for example i buy some scripts and the total brokerage comes to Rs.20/- then they will add Rs.10/- to it and charge me RS.20/= + Rs.10/- i.e. anythime minimum of Rs.30/= even if the rate agreed with me is 0.20%

For Indiabulls too they have a charge of Rs 10. This is charged per script .But since there is no AMC it is okay i guess. This charge is independent of the number of shares.
For Angel I understand that it is called a minimum charge per contract note.
When opening an account rarely the brokerage part is filled in front of the client,so how to determine anything.
Besides I do not think there is any regulation prohibiting min charges in any form.

 

[stocksplacement]

For Indiabulls too they have a charge of Rs 10. This is charged per script .But since there is no AMC it is okay i guess. This charge is independent of the number of shares.
For Angel I understand that it is called a minimum charge per contract note.
When opening an account rarely the brokerage part is filled in front of the client,so how to determine anything.
Besides I do not think there is any regulation prohibiting min charges in any form.

Alroyraj, yes what you say about brokerage filling may be correct, but as per legal standings, one should always see to it that the brokerage is filled in before signing on the dotted line otherwise we have ourselves to blame and it would be no use blaming the broker since they will be having everything legally to their advantage.

Hence whoever is interested in opening new accounts with any broker should take care that whenever any brokerage says that they will fill the form for you, please ensure that you fill the form of the brokerage at least and check the details of the forms clearly then at least the brokerages wont be able to say that you have agreed for this or that brokerage.

 

[alroyraj]

Does Angel like they advertised really have tieups with 19 banks ? And is the RM facility as good as Indiabulls?