Angel broking: Cheap brokerage and excellent service.
- Thread starter mintu_millionaire
- Start date
Hi,
Minimum brokerage, I feel has become a standard now days with every broking firm. angel is charging 30 Rs, Geojit s 30, and so on. but under no circumstances, can a broker charge a brokerage more than 2.5% as per Sebi guidelines. But, I feel the kind of brokerage you have got through angel i.e. 0.1 and 0.01 is really attractive. Even I have an account with Angel, and my brokerage is 0.2 and 0.02 the service of angel are good. I can say that because I have had accounts with many broking firms and in the end I have found angel to be good in terms of both: - brokerage and service. Of late what I have noticed about angel is that they have become very particular about the quality of their service. They have a special quality department that looks after each and every service. I get regular calls to know my feedback. These things show that they are actually bothered about their customers.
And as for contract notes, I feel if I have an option to receive the contract notes via courier or email, I feel I would go for e-mail. E-mail is more convenient, as I can see it anytime I want and from anywhere. And it saves paper too. Basically these are western standards to make minimum use of paper and not to waste paper on things which can be done otherwise. But yes, I also agree with you that, from the service point of view, it is always better, if you have an option to receive contract notes via courier free of charge.
cheers!
Minimum brokerage, I feel has become a standard now days with every broking firm. angel is charging 30 Rs, Geojit s 30, and so on. but under no circumstances, can a broker charge a brokerage more than 2.5% as per Sebi guidelines. But, I feel the kind of brokerage you have got through angel i.e. 0.1 and 0.01 is really attractive. Even I have an account with Angel, and my brokerage is 0.2 and 0.02 the service of angel are good. I can say that because I have had accounts with many broking firms and in the end I have found angel to be good in terms of both: - brokerage and service. Of late what I have noticed about angel is that they have become very particular about the quality of their service. They have a special quality department that looks after each and every service. I get regular calls to know my feedback. These things show that they are actually bothered about their customers.
And as for contract notes, I feel if I have an option to receive the contract notes via courier or email, I feel I would go for e-mail. E-mail is more convenient, as I can see it anytime I want and from anywhere. And it saves paper too. Basically these are western standards to make minimum use of paper and not to waste paper on things which can be done otherwise. But yes, I also agree with you that, from the service point of view, it is always better, if you have an option to receive contract notes via courier free of charge.
cheers!
1> Concept of RM is crap sells pitch. Most RMs have little knowledge and mostly confuse you. I have had these problems in SMC, ANGEL. IIFL mixed, Prabhudas - small and good.
2> I have just opened an a/c with Angel on Friday paid 1 lakh margin money and got brokerage of 10p on delivery. 1P / 1P on intraday. But I am mostly interested on delivery and hardly play on intraday and FNO these days. No time from job. So delivery and long term suits me. I am eager to see Angel services. So on 22/09 my cheque not cleared from HDFC
3> IIFL and PRABHUDAS has prompt customer service, SMC was horrible
With my experience for past 5 years I can say it all varies from branch to branch and person to person. I do not have an RM in PL no problem, but their web interface is horrible.
Waiting to see if Angel is really Angel. I had to probe deep to know the different charges. But they did not tell me about the min charges. I always had minimum charges with HDFC Rs.25 or my brokerage whichever is more. My brokerage in HDFC was 50p. So I always had to buy stocks of 5000 bucks. If stocks purchased was R4000, they will charge me 25 not Rs20. So with Angel and my brokerage I now need to purchase Rs.30k stocks. What a waste? They should have told me this. I would have not opened an account. Also they were kind to write the brokerage down before I signed. All in all waste of energy and mixed feelings thus far. Also they have told me the a/c opening charges of Rs.499 will be refunded if I do a transaction in 15 days of a/c activation. First year AMC is free, 2nd year onwards it will be Rs.300.
2> I have just opened an a/c with Angel on Friday paid 1 lakh margin money and got brokerage of 10p on delivery. 1P / 1P on intraday. But I am mostly interested on delivery and hardly play on intraday and FNO these days. No time from job. So delivery and long term suits me. I am eager to see Angel services. So on 22/09 my cheque not cleared from HDFC
3> IIFL and PRABHUDAS has prompt customer service, SMC was horrible
With my experience for past 5 years I can say it all varies from branch to branch and person to person. I do not have an RM in PL no problem, but their web interface is horrible.
Waiting to see if Angel is really Angel. I had to probe deep to know the different charges. But they did not tell me about the min charges. I always had minimum charges with HDFC Rs.25 or my brokerage whichever is more. My brokerage in HDFC was 50p. So I always had to buy stocks of 5000 bucks. If stocks purchased was R4000, they will charge me 25 not Rs20. So with Angel and my brokerage I now need to purchase Rs.30k stocks. What a waste? They should have told me this. I would have not opened an account. Also they were kind to write the brokerage down before I signed. All in all waste of energy and mixed feelings thus far. Also they have told me the a/c opening charges of Rs.499 will be refunded if I do a transaction in 15 days of a/c activation. First year AMC is free, 2nd year onwards it will be Rs.300.
Hey!!
How come angel will give you a gold coin?? Do they have some scheme going on or some lucky client contest or anything. I guess you will receive your trading password and other Back-office login details within 24 hours of receiving the client id. And BTW its gr8 that you shared your experience here.
:thumb:
How come angel will give you a gold coin?? Do they have some scheme going on or some lucky client contest or anything. I guess you will receive your trading password and other Back-office login details within 24 hours of receiving the client id. And BTW its gr8 that you shared your experience here.
:thumb:
Yes they had some scheme running. But I do not trust brokers, will let you know if I get it in future. BTW whats the cost of 1gm gold? I am not a bullion trader only cash and real estate. So I do not know. I have not yet received back office password or account password (I have the trade password and client login id). I think since at this moment govt has stopped brokers from sending SMS so I did not get them on SMS. I am yet to get the welcome kit. My RM told me on Sunday that I will get all these week. But I will check and call them on Thursday.
Let us all take contract notes by email and save paper, save trees, prevent global warming. You know the americans do not cut any tree, they get all their paper from Malayasia
Let us all take contract notes by email and save paper, save trees, prevent global warming. You know the americans do not cut any tree, they get all their paper from Malayasia
Today I got my angel password and an welcome email.
I logged into the web based system online (not desktop angel diet which is not working as I reported).
I can see that they have deducted 40 rupees for some charges already. The entire 1 lakh - rs40 is available for trading.
I do not have the back office user id password yet. So not sure the reason for this charge.
I logged into the web based system online (not desktop angel diet which is not working as I reported).
I can see that they have deducted 40 rupees for some charges already. The entire 1 lakh - rs40 is available for trading.
I do not have the back office user id password yet. So not sure the reason for this charge.
I guess it varies. SMC took 3 days, IIFL was quick too. Same for PL. So Angel does not score much higher.
Yes, I will talk to them to resolve my desktop version. I guess FT provider of Angel DIET /ODIN uses fast message queue protocols.
The web version was not great with lots of javascript errors and erratic behavior.
Finally I got my back office password, saw two ledger entries deducting 20Rs each for trading account opening charges. I have given a fund withdrawal request of 60k now lets see how it works.
I will buy some scrips in next few days - eyeing - MAGMA FINCORP
Yes, I will talk to them to resolve my desktop version. I guess FT provider of Angel DIET /ODIN uses fast message queue protocols.
The web version was not great with lots of javascript errors and erratic behavior.
Finally I got my back office password, saw two ledger entries deducting 20Rs each for trading account opening charges. I have given a fund withdrawal request of 60k now lets see how it works.
I will buy some scrips in next few days - eyeing - MAGMA FINCORP
My experience tells me you should avoid banking brokers in other words those who provide 3-in-1 - S/B A/C, Trading a/c, demat a/c. HDFC, KOTAK, ICICI
But my experience with HDFC SEC was excellent except high brokerage of 50P. As some one said in this forum, we need not be worried too much about brokerage, instead look for minimal other charges, and try to maximize our profits by improving stock selection.
But my experience with HDFC SEC was excellent except high brokerage of 50P. As some one said in this forum, we need not be worried too much about brokerage, instead look for minimal other charges, and try to maximize our profits by improving stock selection.
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