So few days ago I asked for review of angelbroking service and their platform. This review is just based on my experience so far for last 10 days or so.
I have only used equity segment.
First let me tell you about their platform https://trade.angelbroking.com/ it is not very good. I mean sure enough they have segments like market news, equity summary where you can check top gainers/loser, F&O data like heatmap, sector advances/declines, long built up, short built up etc. But if you are intraday trader and trade very frequently the ui is shitty and feels like it was made in 2005. You cannot see margin required when placing order. And forget about the charts there is no comparison with kite or upstoxx w.r.t trading platform and user experience. Also website doesn’t have 2FA so security wise not very good.
Secondly they have two mobile apps angel one and angel spark which is in beta.
Angel One is kinda okayish with more features than kite mobile app. But ui and responsiveness of the app is not the good. Sometimes it would show stock price as 0 due to some network error in app and I would see huge loss so not good for people with heart problems.
But what I liked in the app was the Fundametals tab and various ratios and ratings on valuation, financial trend and quality not sure how effective that is for trading or investing perspective but it is good to have.
So at this point I have moved to angel broking from zerodha only because of the margin they provide for delivery trades and I feel intraday and fno is not for me because that is where I made huge losses.
Angelone also provides advisory services and some research reports but I have not tested or used them. I also faced server issues while adding funds and unpledging shares via cdsl during market hours.
They have whatsapp chatbot and chat support which is cool and I don’t see that in zerodha.
If zerodha can provide margin for delivery trades then I do not see any reason to move to angel broking.
Margin funding for delivery trades is very risky for the broker and you.
I’ve a doubt, when you buy a stock with delivery margin.
1). It goes into broker/pooled account. right ? You’ll not receive the credit of these shares in your demat.
2). When the shares are in the pooled account, risk increases. Especially when a broker defaults cause these securities are in pooled account because his money is involved.
3). There is over night risk.
Just wanted to know,
1). Is there any minimum holding period ? Because you are buying shares with a bit of brokers money and it’ll be kept in his account.
2). Why do you want delivery margin in the first place ? When the securities are held in pooled account ?
(broker in turn will probably pledge these securities with firms to provide delivery margin funding, this happened in the past).
My honest opinion, using delivery margin funding is not a very good thing to get in to. (just my view).
does angelbroking allow to import excel or test file to make orders in their desktop platform
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Didn’t test their desktop app. And I don’t think I would.
As far as I know shares are held in my demat only it is just I pledge those shares for margin. By pledging I think I give the broker the right to liquidate my shares if I am not able to meet margin requirements.
This is same as pledging shares or mutual funds for extra margin on zerodha it is just that on zerodha you cannot use those funds to buy more shares.
Although I am not an expert but correct me if I am wrong on this aspect.
As far as over night risk is concerned that is there for any investment made for more than 1 day and I don’t like intraday trades now.
Minimum holding period? There is no minimum holding period you can have the shares till eternity as long as you are able to maintain margin and pay interest on the amount you have loaned from your broker.
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they allow deep otm options in nifty?
As I said I have enabled only equity segment for now as my capital is very low. And if I have to trade in F&O i would prefer zerodha any day just because of ui/ux and responsiveness of their platform.
What’s the interest rate per year ?
