Stock Market FAQS
Advisory
How many tips do you give in a day?
Depends on the client’s profile (trader, long-term investor, short-term investor, options trader, etc). There is no fixed number; but, on average, 4 tips in a day.
Can I place a trade on the phone?
Yes, you will get a dedicated dealer. You will receive his name and number in the welcome kit, which we send you on your account opening. You simply have to call him and ask him to trade on your behalf.
Do you provide advisory services?
Yes, we have a 50-member dedicated research team that provides all kinds of advisory services [Technical/Fundamental/Derivative Research/Commodities/Currencies]
Can I have a trial of your advisory for one week?
We do not send any calls or reports on your email ID. However, all our latest reports of this week have been listed on our website under the “Research” tab. You can visit our website www.angelbroking.com and try our advisory for a week as you desire.
Dealing
Statement
What is the process to activate ECN facility for Commodity segment?
Following is the process of ECN activation for commodity segment:1) An email with the prescribed format will be triggered to clients’ email IDs from Angel. 2)The client will take a print of this email sent to him on his registered email address and self attest the same. 3) The ECN declaration form has to be filled in by the client. 4) All formats, together, need to be submitted to the respective Angel Branch.
In what frequency will I get my DP statements?
You will get your DP statements on a quarterly basis.
Would there be a charge if i request for hard copies of statements for every transaction i make?
Yes, you will be charged for physical statements/contract notes. We prefer electronic communication.
ARQ
Trade & Charges
NA
Brokerage
Charges
Is there an account opening fee? When is it charged?
There is no account opening fee. However, there is an Annual Maintenance charge of 450/- and a onetime charge of 50/- for POA and 36/- for KRA along with applicable service tax. AMC charge is waived off for one year, 2 years and 3 years respectively for margin payments of 25000/- to 49999/-, 50000/- to 99999/- and more than 1 lakh respectively.
Is there a monthly charge for DP?
We only charge AMC on an annual basis.
Is there a monthly charge for DP?
We only charge AMC on an annual basis
What happens if I don't trade at all? Would you still charge any fees?
You would be charged Annual maintenance charges for your demat account. No brokerage will be charged
What are the charges for account closure?
There are no charges for account closure.
Fund Transfer
What is Virtual transfer facility?
Virtual Account is a facility with which you can effortlessly transfer funds from your bank.
Holding
I have an account with ABC broker. If I transfer all my holdings to Angel, can I open a joint account with my son? If yes, would my son automatically acquire rights for the transferred shares too?
Yes, your son will acquire the rights to the shares available in the joint account.
How do I transfer my current holdings from CDSl to Angel Broking?
You will have to fill DIS slips for transfer of shares.
Limit exposure
How much exposure will you provide?
2 Times the margin amount
Margin
Do I need to have money before buying of shares?
Yes, you need to have money in your Trading account before placing an order. Alternatively if you have sold some shares, the sale proceeds can be used to buy the shares you want
How I can use Virtual transfer facility?
You can use Virtual transfer facility by two ways as below: 1. You can transfer the fund from your net banking through Third Party transfer option (RTGSNEFT mode). 2. Go to your bank and transfer the funds through RTGSNEFT mode by filling the RTGSNEFT slip
Instead of the margin money, can i simply transfer my holdings to angel?
You can transfer your existing holdings, but we still require cash margin to open an account.
How to place a Margin Order?
Login into your Angel Account using the Mobile app.
Search the scrip using Buy/ Sell on the Menu or select the scrip in the MW.
You will see Buy order pad when you click on the search result when you navigate from the Menu. When you select the scrip from MW you will directly get button Buy/ Sell.
On the order pad select the product type as Margin.
Confirm the order by adding other details.
Your order is placed.
Why is the min limit at 10k?
It is observed that investors need a minimum of Rs 10k to build a proper portfolio of good stocks to begin with in the stock markets.
Do I need to pay all the amount now?
Paying the margin money right away will help you act faster once your account is set up, however you can also choose to pay initial token amount of just Rs 500 and pay the margin amount once account is opened.
Would the service differ according to the margin payments I make?
All our clients receive the same level of service irrespective of the margin payments. However to make your trades cheaper it is advised that you chose a higher margin plan as the brokerage rate depends on margin amount
What is margin Funding?
Margin Funding is a lending facility where client can avail loan to trade in shares (Cash Segment of BSE & NSE ) against margin amount. The investor pays only an agreed percentage (margins) of the total value of shares bought and the remaining is funded by Angel Fincap Pvt Ltd (AFPL)
What are the benefits of Margin funding?
Margin Funding facility is beneficial to the investors who trades on delivery basis and holds investment. As per the Exchange guideline Debit is not allowed in Broking beyond T+7. To take high exposure
What are the formalities to getting margin funding/exposure?
Along with your demat trading account, you need to open an NBFC account with us. The account opening is completely free.
What is margin amount?
This is your money which is credited in your Trading Account which you will open with us and you can withdraw this money anytime you want (just like your saving bank a/c). It is simply a transfer from your bank a/c to your trading a/c. This amount can be higher than Rs 25,000 also depending on your investment needs. As mentioned earlier, we provide an additional 100% margin amount at a reasonable 18% rate of interest to enable you to have higher trading limits.
What is the minimum margin amount you require?
You can start with any amount you are comfortable with, but we recommend to start with a substantial amount of say at least Rs.25,000/-
What are the margins required for trading in commodities?
Depends on what contract you need to buy. Normally you need around Rs 20000 to trade in a commodity contract
What are the margins required for trading in currencies?
Depends on what contract you need to buy. Normally you need around Rs 20000 to trade in a commodity contract
Pay in-Pay out
Commodities
Can I take delivery in commodities?
Yes, in selected commodities [Agri/Gold/Silver]
What are the market timings?
10am to 11:30 pm [Domestic agri products – 10-5pm] [International Agri Products – 10-11:30pm]
Currencies
What are the pairs in currencies?
Foreign exchange or Forex is the simultaneous buying of one currency and selling of another. Currencies are traded through a broker or dealer and are executed in currency pairs. For example: the Euro and the US Dollar (EUR/USD) or the British Pound and the Japanese Yen (GBP/JPY). The Foreign Exchange Market (Forex) is the largest financial market in the world, with a daily volume of over $4 trillion. This is more than three times the total amount of the stocks and futures markets combined. Unlike other financial markets, the Forex spot market has neither a physical location nor a central exchange. It operates through an electronic network of banks, corporations, and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another across the major financial centers. This fact – that there is no centralized exchange – is important to keep in mind as it permeates all aspects of the Forex experience.
What are the market timings?
9AM – 5PM
What are the lot sizes?
USD-INR – 1000 Dollars, EUR-INR – 1000 Euros, GBP-INR 1000 GBP, JPY-INR – 1,00,000 JPY
When is the contract expiry in currencies?
2 working days prior to the last business day of the month
Equity
F&O
What is the maximum contract term available?
It depends on the contracts written in market – from 1 week to 1 year.
What is Future contracts?
A futures contract is a standardized forward contract which can be easily be traded between parties other than the two initial parties to the contract.
What is an Option contracts?
An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a later date at an agreed upon price.
IPO
Can I invest in IPOs as well as buy Mutual Fund units & insurance through the same product?
Yes, you can invest in IPO’s / Mutual Fund / Insurance through the same product
How can I apply for IPO?
A. All clients can apply in IPO only through ASBA mode (Application supported by Blocked Amount).
B. Clients cannot apply online through Angel-EYE since client signature is required on the IPO forms.
How will funds get blocked for IPO?
The client just needs to submit signed ASBA application form which is pre filled with application details. No need to provide cheque. Funds would be blocked in the bank account mentioned in the form. Funds would get released if shares are not allotted.
Where I can submit IPO Forms?
Clients can submit application forms in nearest Branch /CSO/ SB.
Can I buy / apply for an IPO through Angel Broking
Yes; you can apply in IPO’s if you have trading account with Angel Broking.
Trade terminologies
Trading Software
Can I trade through mobile?
Yes, you can trade through mobile using our Angel Broking app . It is fast, simple and convenient
Can i buy the trading software directly from BSE?
Yes, you can; but we would not recommend doing so as the software is very costly [Approx 15Lac] and also you will be able to trade only on BSE and no other exchanges, which is a disadvantage
What software do you have?
Our trading platform is available as a website (Angel Web), mobile app (Angel Broking App) and also as a desktop application (Angel SpeedPro) . You can chose your platform based on your convenience
Can I get a demo of the software?
Yes, you can certainly get a demo. Please visit our website, under Products tab you will find Videos of our products and their features. Alternatively , you may also send an email to [email protected] requesting for a demo
If mobile is lost, can anyone sell my shares? Is there any risk coverage?
No sir, the password is only with you. We keep the password in encrypted formats. So no one can sell your shares apart from you. Its advised that you keep your password safe with you.
Is your software speed better than of ICICI & Kotak Securities?
We are not aware about the speed of ICICI or Kotak Securities; but we can assure you that there is NO lag in the time & price updation in our software. They are LIVE with NO lag at all
Does the 'My Portfolio' page automatically refresh? Or do I have to individually click on each script to refresh it?
The My Portfolio page automatically refreshes itself. You don’t have to do it manually.
I want to create a list of my preferred shares and trade from that list. Do I need to see all stocks?
Yes you can create a watchlist of your preferred shares and get relevant information of only those stocks and then you can buy or sell those stocks directly
Is there friction in the prices of shares on your software (in comparison with real-time share prices and prices on the software bought from BSE)?
Stock prices that are streamed and displayed on our software are real time prices with no lag
Demat Account
Welcome Kit
Document
KYC
Can I coordinate with Head Office directly for any KYC related coordination?
Yes, You can always contact 022- 4231966 , 8: 30 am to 8: 30 pm, or email IT Support Desk – [email protected]
What are the additional documents required to opt for RTGS?
RTGS stands for Real Time Gross Settlement, which relates to direct credit of your fund to your bank account mapped to Angel. You need to provide us with the cancelled cheque copy of your bank account.
Can I sign the KYC form as per my bank account? What is the additional document required for doing so?
You can sign the KYC form as per your bank signature. You also need to take a signature verification letter (affixing your photo attested by the bank on it) from your bank.
If client is opting for both Commodity and Equity, then how many DKYC PDFs will be generated.
2 KYC PDF’s (1 KYC PDF for Equity and 1 KYC PDF for Commodities)
If you are facing problem in DKYC then which number should you call for prompt resolution:
You can always contact IT Support Desk 022- 4231966 , 8:30 am to 8:30 pm
How many wet signatures of the customer is required on the DKYC form?
3 wet Signature (Declaration Page, Nominee Page & POA Page)
Which banks have been linked? Can I pay in from any account or does it have to be the registered account? Is there a drop down that gives me various options of banks that I would like to pay in from?
We have 41 banks registered with us. /ft/. Yes, you get a dropdown of all the banks which you register with us. You can also transfer funds through other banks through “Virtual Transfer” option we have
Physical Shares
What is the process of dematerialization of paper shares?
To convert the physical shares into electronic/demat form, a Dematerialization Request Form (DRF), which is available with the Depository Participant (DP), has to be filled in and deposited along with share certificates. On each share certificate, ‘Surrendered for Dematerialization’ needs to be mentioned.
For further details, you can also visit our website: /demat-account/what-is-dematerialization
Can I convert my physical shares into demat form?
Yes, you can convert your physical shares into Demat form.
I have physical shares in the name of my Father/Mother, and they are not alive anymore. How can I get those shares online for selling? And in whose name should I open the demat A/C?
You will have to produce the Death certificate of the deceased and produce a court indemnity stating that you are the legal heir after your parents. After that you need to open a demat & trading account on your single name and complete the share transfer process in your account
Other
Is mobile number mandatory for account opening?
Yes, as per Angel policy
I am an offline client, now I wanted to trade online, what is the process for the same?
To convert your account from Offline to Online portal, please fill the application for Internet trading and Mobile trading or you can mark a request through our website www.Angelbroking.com > Home Page > Online trading.
Can I apply online without signing any physical form to activate my online trading facility?
Yes, You can apply online for online trading facility through our website www.Angelbroking.com > Home Page > Online trading.
Can I change my signature in your record post account opening? What is the procedure for the same?
Yes, you can change your signature post account opening and you need to provide signature change request form along with the signature proof (new).
What is Transmission?
Transmission means transfer of securities from one demat account to new demat account due to the death of the sole account holder. Transmission can be applied by Nominee / Successor / Guardian of the successor or nominee (In case of Minor)
What is EASI?
EASI is a facility from CDSL where in a client can view his/her ISIN balances, transaction and value of the portfolio online through CDSL’s website: www.cdslindia.com
How long does the online application process take ?
It will just take 5 to 10 minutes of your time and subject to application approval you can get your trading account within 1 hour.
Can I apply for someone else ?
Yes, for this you would need to share their details and documentation. For e.g.. You need the documents of the applicant required to complete the application.
Why do you need my bank details ?
Your bank details are needed to facilitate smooth movement of funds to and from your account as and when you need to trade or remit them.
don't have my bank details with me now. What can I do?
You can pay a token amount using net banking or digital wallets and share your details with our representative.
Are my details secure ?
We keep your data secured with the 128bit encrypted SSL connection and highest level of security standards in the the financial services industry.
What is the AMC?
Annual Maintenance charges are paid to the depository participant [CDSL] as a fees to maintain your demat account with them
Is there an account opening fee? When is it charged?
There is no account opening fee. However there is an Annual Maintenance charge of 450/- and a onetime charge of 50/- for POA and 36/- for KRA along with applicable service tax. AMC charge is waived off for one year,2 years and 3 years respectively for margin payments of 25000/- to 49999/-, 50000/- to 99999/- and more than 1 lac respectively
Trading Account
Why do you need so many details for my account?
Your information needed is in accordance with the regulatory requirements for account opening.
What if I want to add a second person to my account ?
Once your account is opened you can contact customer support on [email protected] to get this done.
How can I nominate a person on my account ?
Once your account is opened you can contact customer support on [email protected] to get this done.
Does it really take just 1 hours to start trading ?
Yes, if all your documents are valid and your application is approved it would take just 1 hour for us to get your trading account ready to trade.
Can I map my Wife's Mobile number to my Trading+demat account
No, clients own mobile number should be updated in his/her Trading+DP account.
I want to close my account and to transfer all my shares to my another Demat account, what is the procedure for the same?
“Below given documents are required for transfer cum closure process – Account closure form Original latest CML Copy of other DP along with DP official attestation and seal. If there is any Inactive script in clients DP account, then DIS slip is mandatory so that post the respective script is activated, it can be transferred to the provided DP (other DP). Kindly submit all the above documents to our Angel branch.”
I already have a Demat Account. Can I open only Trading account with you?
Yes. You can only open trading account and link your existing demat account.
Everybody offers trading services & demat account for free. Why should I open the a/c with AB?
When you open an account with Angel Broking you get complementary access to our cutting edge advisory services who regularly come up with stock recommendations that have delivered more than 100% returns. Our research team regularly gets featured in leading business news channels
Which document proof should I provide to add my new DP details with my Trading account?
You need to provide modification form duly signed by all holders along with new DP proof (Client master copy OR Latest DP transaction/holding statement)
What are the types of trading account that i can open with Angel?
Equity, Commodity, and Currency account can be opened with Angel.
Which form should I submit to add my new DP details to my existing trading account?
KYC modification form to be submitted along with required document proofs such as Latest Client master copy, DP transaction statement etc to add a new DP details to your existing trading account
How many banks can be added to my trading account?
Client can add as many bank account as per his desire but only one bank can be marked as a default payout bank for funds.
KRA
I wanted to open a trading and demat account under the Corporate category. Do I need to submit KRA form for all the directors?
Yes, even if you want to open Corporate account, you have to submit KRA form with all the authorized director details.
I have an account in Mutual Fund segment along with KRA. Can I use this KRA registration number to open a trading + demat account with Angel?
Yes, we can accept KRA registration of Mutual Fund to open your trading+Demat account with Angel without identity & address proof provided your current details are the same as mentioned in Mutual Fund KRA.
What is the validity of KRA registration?
There is no such validity of KRA registration, once you get registered it is valid for lifetime.
Do i need to give documents if I am KRA registered?
If you are KRA registered you dont have to provide any document for proof of address and proof of identity.
How would I get to know the registration status of my KRA?
You will get an acknowledgement Letter from CVL-KRA after your successful registration with KRA.
What is the KRA charge and why is this deducted?
This is as per the process mandated by SEBI, wherein the brokers need to ensure that the KYC details of the clients are verified.
There is a central registry wherein the client KYC details are captured and authenticated as per SEBI guidelines. When we extract/upload these KYC details from this registry for your account with us, the KRA charge of approximately 36/- Rs is debited to you.
Account Modification
Do I need to provide all holders signature on Modification form?
Yes, You need to provide all holders signature on given modification form.
Are existing client details mandatory to mention on given modification form?
Yes, it is mandatory to mention existing client details in given modification form.
What is the TAT for any modification?
Modification request will be processed within 2 working days once its received at Central Processing Unit .
Account Closing
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