Angel Broking vs Nirmal Bang Comparison: 2024
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
About Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
Angel Broking vs Nirmal Bang Account Opening Charges: 2024
| Charge | Angel Broking | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹200 per year |
Angel Broking vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | Angel Broking | Nirmal Bang |
|---|---|---|
| Plan Name | iTrade Prime | N/A |
| Equity Delivery | ₹0 | 0.2% |
| Equity Intraday | Flat ₹20 per executed order | 0.02% |
| Equity Futures | Flat ₹20 per executed order | 0.02% |
| Equity Options | Flat ₹20 per executed order | ₹35 |
| Currency Futures | Flat ₹20 per executed order | 0.02% |
| Currency Options | Flat ₹20 per executed order | ₹20 |
| Commodity Options | Flat ₹20 per executed order | 0.01% |
| Mutual Fund | N/A | N/A |
Angel Broking vs Nirmal Bang Margin / Exposure: 2024
| Segment | Angel Broking | Nirmal Bang |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 10x |
| Equity Intraday | Upto 10x | Upto 4x |
| Equity Future | Upto 4x | Upto 4x |
| Equity Options | 3x for shorting | Upto 2x for shorting |
| Currency Future | Upto 2x | Upto 2x for shorting |
| Currency Options | Upto 5x for shorting | Upto 3x |
| Commodity Future | 3x | Upto 3x |
| Commodity Options | N/A | N/A |