Choosing the right brokerage is crucial for investors and traders who want to maximize their returns while minimizing costs. Angel One, formerly known as Angel Broking, is one of the leading retail stockbrokers in India, offering a wide range of services to its clients, including trading in equities, derivatives, commodities, and mutual funds. Understanding Angel One brokerage charges is essential for anyone considering using their platform. These charges affect the overall cost of trading and can influence an investor’s decision to choose Angel One over other brokers. This topic explores the different types of brokerage fees and charges levied by Angel One, how they compare to industry standards, and what investors need to keep in mind when trading through Angel One.
Overview of Angel One Brokerage Charges
Angel One has established itself as a competitive brokerage firm by offering transparent and affordable pricing. Their brokerage model primarily revolves around a flat fee structure, making it easier for traders to understand and anticipate their trading costs. The charges can vary based on the type of segment equity delivery, intraday trading, futures and options, currency trading, or commodities.
Flat Fee Brokerage Model
Angel One introduced a flat fee brokerage plan that charges a fixed amount per trade regardless of the trade size. This model is particularly beneficial for high-volume traders because it allows them to save money on large transactions compared to percentage-based brokerage fees.
- ₹20 per executed order across all segments
- No additional brokerage on delivery trades (equity buy and hold)
- Applicable for equity intraday, futures & options, currency, and commodity trading
This flat fee applies per order, not per share, which means that whether you buy or sell 10 shares or 10,000 shares in a single order, the brokerage charged remains ₹20.
Detailed Breakdown of Charges
Equity Delivery Trades
For investors who buy shares and hold them for more than one day, Angel One charges no brokerage on delivery trades. This zero brokerage policy makes it attractive for long-term investors focusing on equity investment rather than frequent trading.
Equity Intraday Trading
For intraday trades, where shares are bought and sold on the same day, Angel One charges a flat brokerage fee of ₹20 per executed order. This means that even if the trade size is large, the brokerage fee remains capped, which can be advantageous for active traders.
Equity Futures and Options
Angel One applies the same ₹20 flat fee for trading in futures and options contracts. Whether you are buying or selling futures or options in the equity segment, the brokerage per order will be ₹20, which simplifies cost calculations.
Currency and Commodity Trading
Similar to equity intraday and F&O trades, currency and commodity segment trades attract a flat fee of ₹20 per order. This uniform pricing across different segments allows traders to diversify their portfolios without worrying about varying brokerage rates.
Other Important Charges Associated with Angel One
Besides brokerage fees, investors should be aware of other charges that may apply when trading through Angel One. These include transaction charges, GST, Securities Transaction Tax (STT), stamp duty, and other regulatory fees. These costs are mandated by regulatory authorities and are applicable across all brokers, not just Angel One.
Goods and Services Tax (GST)
A 18% GST is levied on the brokerage amount. For example, on a ₹20 brokerage fee, GST will be ₹3.60, bringing the total brokerage cost per trade to ₹23.60.
Securities Transaction Tax (STT)
STT is a tax charged on the value of securities traded. It varies depending on the type of trade and segment. For delivery trades, STT is charged on the purchase value, whereas for intraday and derivatives trades, it is charged on the sell side.
Stamp Duty
Stamp duty is a state-level tax imposed on securities transactions. The rate varies from state to state but is generally a small percentage of the transaction value.
Transaction Charges
These charges are levied by the exchanges (NSE/BSE) for executing trades. They are typically very minimal but must be considered while calculating overall trading costs.
Comparing Angel One Brokerage Charges with Other Brokers
When compared with other brokers in India, Angel One’s flat fee brokerage model is competitive and appealing, especially for traders executing multiple or high-volume trades.
- Percentage-based Brokerage: Traditional brokers often charge 0.1% to 0.5% per trade, which can add up for large trades.
- Discount Brokers: Some discount brokers also offer flat fees but may charge additional fees for value-added services.
- Full-Service Brokers: These brokers charge higher brokerage but provide advisory and research services.
Angel One strikes a balance by providing discount brokerage with additional tools and support, making it suitable for both beginners and experienced traders.
How to Minimize Brokerage Charges with Angel One
Investors can adopt several strategies to optimize their costs while trading with Angel One:
- Consolidate Orders: Since brokerage is charged per order, placing larger single orders instead of multiple smaller orders can reduce total brokerage paid.
- Opt for Delivery Trading: Since delivery trades have zero brokerage, long-term investors can avoid brokerage charges by holding shares for more than a day.
- Use Angel One’s Trading Platforms: The company offers several digital platforms like Angel One App and Angel SpeedPro, which are free to use and can help manage trades efficiently.
Angel One’s brokerage charges are structured to offer transparency and cost efficiency, especially benefiting active traders and investors who seek predictable costs. With a flat ₹20 per order brokerage fee and zero charges on delivery trades, Angel One is positioned as an attractive option in India’s competitive brokerage market. Understanding the different components of brokerage and associated charges helps investors plan their trades better and maximize their returns. While brokerage fees are an important consideration, investors should also focus on other factors like platform usability, customer support, and additional services offered by the broker to make the most informed choice.