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Angel One (formerly Angel Broking)
93/100
Hybrid Discount Broker
Pioneering technology broker with robust Margin Trading Facility and ARQ AI advisory.
Credwiser Score 93/100

Angel One (formerly Angel Broking)

Hybrid Discount Broker • Pioneering technology broker with robust Margin Trading Facility and ARQ AI advisory.

Broker TypeHybrid Discount Broker
Account Opening₹0 (Free Account Opening)
Demat AMC₹0 for 1st year, then ₹20/month + 18% GST for non-BSDA accounts
Equity Delivery₹0 (Zero Brokerage on delivery)
Equity Intraday0.03% or ₹20 per executed order
Futures & OptionsFlat ₹20 per executed order for F&O
MTF Rate14.99% to 18% per annum (Up to 4x leverage on 500+ approved stocks)
DP Charges₹20 + 18% GST per scrip per day on debit
PlatformAngel One Super App, SpeedPro Desktop Terminal, SmartAPI
Algo / APISmartAPI is 100% FREE for retail algorithmic traders
Active Clients6.2 Million+
SEBI RegistrationINZ000161534 • CDSL DP ID: 12033200
Best ForAlgo developers seeking free APIs and swing traders utilizing MTF leverage

Strengths

  • 100% Free SmartAPI for automated trading and Python/Node.js bots
  • Deep Margin Trading Facility (MTF) funding up to 4x holding capacity
  • Zero brokerage on delivery and research advisory reports included

Weaknesses

  • Higher DP charges (₹20 vs ₹13.50 on Zerodha/Groww)
  • App notifications frequently promote loan products and personal credit

Angel One (formerly Angel Broking) FAQs

Is Angel One SmartAPI completely free?

Yes. Unlike Zerodha which charges ₹2,000 per month, Angel One provides full programmatic trading API access to retail users at zero cost.

Compare With

Zerodha (Kite)
97/100
Discount Broker
Pioneers of discount broking and market leader in active retail participation.
Account Opening₹200 (Online via Aadhaar e-KYC)
AMC₹300/year + 18% GST (Billed quarterly at ₹75)
Equity Delivery₹0 (Free Equity Delivery)
Read Review →
Groww (Nextbillion Technology)
94/100
Discount Broker
India’s largest broker by active NSE client count, built for mobile-first simplicity.
Account Opening₹0 (Free Account Opening)
AMC₹0 (Zero Demat Annual Maintenance Charges Forever)
Equity Delivery0.05% or ₹20 per executed order (whichever is lower)
Read Review →