Angel Broking, after receiving a positive response from its initial price-driven exceptional service plan named Angel iTrade, introduced the grand launch of the next version – the Angel iTrade Prime in April, 2019.
A separate segment for Currencies and Commodities, F&O, a flat fee of 20 Rs. per order of Intraday and 0-cost brokerage are the main USPs of the iTrade Prime plan. Few of the most perceived impediments to trading and investing are dearth of clarity and hidden fees.
Angel iTrade Prime – ZERO Brokerage Plan
Thanks to the iTrade Prime that they’ve aimed at eliminating all the aforementioned obstacles for the clients and helped them get access to a wide array of brokerage services like initial advisory and research free of cost.
The CEO of Angel Broking, Mr. Vinay Agarwal also added that the vitality of taking such a step has multiple benefits. Having reduced the brokerage costs to zero will enhance better opportunities for investment, especially for retail investors who are earnestly looking forward to investing in asset class that promises long term growth.
Through the iTrade Prime plan, both the existing and novice investors can access various services, all of which are tech-driven, and use them in building a proper culture for investment.
A break-up of the Angel iTrade Prime Brokerage Charges & Fees
|Equity Delivery Trading||Free of Cost|
|Commodity Options Trading||Rs. 20/order|
|Equity Intraday Trading||Rs. 20/order|
|Equity Options Trading||Rs. 20/order|
|Equity Futures Trading||Rs. 20/order|
|Currency Options Trading||Rs. 20/order|
|Currency Futures Trading||Rs. 20/order|
|Minimum Brokerage Amount||Rs. 20/order|
|Trading AMC Cost||Free|
|Demat AMC Cost||Free or Rs. 300|
|Margin Amount||Rs. 10,000 Minimum|
So, this plan is being applicable from 2019 April and the two flat rates are the pivotal services offered by Angel Broking. You are allowed to open a Demat account (free of cost) for lifetime and later on apply for the iTrade Prime plan. The few special features of iTrade Prime Plan are:
- Most affordable plan amidst all other brokers.
- 1 hour trade.
- Offers rapid trade.
- Several platforms are available for better experience.
Charges for opening a demat account – The Know-hows
Angel Broking offers you a demat account totally free of cost. Nevertheless, you’re supposed to pay a yearly charge for maintenance which is Rs. 450/- along with an upfront charge of Rs. 50/- for POA and Rs. 36/- for KRA. There are service taxes on top of the aforementioned costs.
All you need to do for that is to give them your contact details and their representatives will help you open a demat account for trading.
The Angel iTrade Prime Plan – Reasons to opt for this plan
Regardless of whether you’re a seasoned investor or a rookie, it would undoubtedly be a smart choice for you due to its unique features. Let’s check out how you would benefit by accessing this plan.
1] Facilitates your trade experience
Often, investors find it difficult to trade due to several obstructions like hefty brokerage costs, messy online experiences and hidden costs. With this plan, you can reap maximum returns due to the insignificant brokerage costs along with 0 hidden fees.
Moreover, thanks to the ARQ intelligence that bolsters the trading platforms. Apart from these, you can also avail few other brokerage services like advisory and research free of cost.
2] You can opt for ‘Smart’ Trade
Angel Broking provides a tripod-approach with its brand new iTrade Prime Plan – Ultramodern technology, reasonable brokerage fees and end-to-end brokerage assistance.
Since the brokerage costs are nominal enough, you may realize your long-term goals of earning money through securities, futures and stocks. By joining hands with an experienced team of professionals, you can also make educated decisions regarding commodity, equity and currency markets.
Angel iTrade Prime Plan – Understanding the nuances
If you compare this with other plans, the main difference that you’ll find is that the others will charge you a percentage of the trade amount that you make.
On the contrary, iTrade Prime from Angel Broking offers a flat rate which clearly implies no matter how much you make, you’ll still be charged a certain pre-set amount. So, for the rookies and the seasoned investors, it is definitely a win-win situation.
‘Aage Badhne ka Smart Sauda’ Campaign – More on it
By demonstrating the unique features of the iTrade Prime from Angel Broking, this specific campaign has set a goal of offering brand new opportunities to new and fresh investors to indulge in systematic and smart investments.
This campaign emphasises on the fact that all investors, irrespective of their experience, can crack the right ‘Sauda’ (Hindi word for ‘Deal’) at an appropriate price through the structured brokerage plans of iTrade Prime.
As there are no pre-requisite requirements for any kind of initial deposit, a novice investor won’t have much to lose while opening an account with Angel Broking.
Angel Broking – Why choose them?
By now you must be wondering why you would invest your stakes on this company called Angel Broking.
Well, they have a rich lineage that spans for more than 3 decades and they have been responsible for bringing about a major overhaul to the trading aura of India with the help of their innovative services and products that keep coming in regular intervals.
Apart from offering strictly tech-driven solutions, this revered stockbroking company also offers a wide array of financial solutions.
For the new-age investors, Angel Broking is definitely the right choice as they constantly put in their efforts to hone their skills in different trading platforms.
Starting from understanding their UI or using their mobile apps or opening a demat account, it just takes 5 minutes. In terms of active clients as recorded on NSE (National Stock Exchange), Angel Broking is touted to be the biggest full-service, independent brokerage house in India.
It can be safely concluded by saying that the iTrade Prime plan from Angel Broking has played the role of a game-changer in the retail segment of the country. Take resort to their latest plans to secure a better future and play your unique role in contributing to digital India.