Angel Broking Account Opening Guide

Angel Broking Limited is one of the biggest and largest independent full-service broking houses in India. Moreover, it provides accurate and widespread data for each and every online share trader. Angel broking is a home for an independent database that covers the Indian online brokerage industry. They have experience of over two decades with an abundance of knowledge and expertise in the broking Industry. With great and high technology platforms that make the process hassle-free for their retail clients. 

Angel Broking is a trading platform, which is seamless and safe for clients to use. Additionally, the trading platform helps to track online investment and provides expert research for traders who use technical analysis.

What is a Demat Account?

A Demat account is short for a “dematerialized account” which means stocks, bonds, shares are stored in electronic form rather than in physical or material form. Moreover, a Demat account can hold securities like:

• IPOs
• ETFs
• Stocks
• Shares
• E-gold
• Non-Convertible Debentures
• Government Securities
• Mutual funds that are traded on the Stock exchange
• Bonds

Benefits of a Demat Account

There are various benefits of using a Demat Account those are:

1. Traders can make any transaction happen at their convenience which is time-saving and convenient.
2. There is no risk of delays, forgery, theft, damage of the shares as they are no held in physical form and stored in electronic form.
3. There is no paperwork needed to register any transaction.
4. The single integrated platform where you hold both debt and equity.
5. The multiple communications are eliminated as the stakeholders are notified after every transaction.
6. Cost reduction as the cost of stamp duty is not present due to the holding of shares in electronic form.

How to Open A Demat Account (Online & Offline) with Angel broking

To avail all the benefits of a Demat account you need to open a Demat account by following these steps. The steps mentioned are for opening a Demat account in offline mode:

• Step 1: Select A DP (Depository Participant)- You should first compare different benefits provided by different DPs and select the best one which is most suitable. 
• Step 2: Fill Application Form- Now after selecting a DP you need to fill up the application form for opening a new Demat account. You need to submit certain documents for KYC (Know Your Customer) those are:

1. Identity Proof
2. PAN Card
3. Address Proof
4. Bank Details
5. Personal details

• Step 3: Verification Process- A list of certain rules will be provided to you that you need to follow. These rules will ensure that you do ethical and legal trading also these regulations will clear your doubts. The several functions of the Demat account will be mentioned in the list mentioned. Now DP will organize an in-person verification of your KYC documents and you. Payment of the fees is necessary which depends on your DP.
• Step 4: Final Approval- After the in-person verification is completed the other final formalities will be completed and your brand new Demat account will be opened. You will receive a UID for your account. 

The steps mentioned are for opening a Demat account in online mode:

• Step 1: Visit the official website of Angel broking 
• Step 2: Fill out the form with details that are asked like your name, number, city, etc. Additionally, an OTP will be provided to you on your registered number.
• Step 3: Enter the OTP in order to get the next form. In the next form, you have to fill out the form with details like 

1. PAN card details, 
2. contact details,
3. DOB, and
4. Bank details.

• Step 4: Congratulations! Your account is now open. On your email and mobile, you will receive details of your Demat account.

KYC Documents

When you open an account with Angel broking you will need one proof of identity and one proof of address from the list given below:

Proof of identity

• IT Returns
• Passport
• Voter’s ID
• Divers’ license
• ICAI, ICSI, ICWAI, etc issued id with photo
• Phone Bill
• Electricity bill
• PAN Card
• Photo ID provided by state or central government body

Proof of Address

• Bank Passbook/statement
• Passport
• Voter’s ID
• Ration Card
• Leave License agreement
• ICAI, ICSI, ICWAI, etc issued id with photo
• Phone Bill
• Electricity bill
• Photo ID provided by state or central government body

 

How to Open a Trading Account with Angel Broking?

Here are some easy steps to open a Trading Account with Angel Broking:

1. Compare the services and brokerage rates then choose the best out of them for opening a trading account
2. Select the best one that suits your needs
3. Fill the form with necessary KYC documents
4. After the verification, you will receive your trading account details
5. Now you can trade happily and easily.

Using Demat and Trading accounts for trading

• When Investor wants to Buy: With the help of your trading account you can place buy orders. The order will get processed and the shares you placed the order to buy will be credited into your Demat account.
• When Investor wants to Sell: You can sell any shares of any quantity from your trading account and it will reflect the debit entry in your Demat account. 
• The trading takes place both online and on-call whichever you prefer. It is advisable to link both the accounts that are Demat and trading account. Additionally, keep both accounts under the same firm to avoid bringing additional stakeholders. 

Conclusion

To sum it all up you need to pay attention to each of the steps while you start the process of opening an account with Angel Broking. You should open both Demat and Trading Account with Angel Broking which will be better than having accounts with different firms. Moreover, you need to link your Demat and trading account for easy flow of the process. You need to check the charges that they levy on their website and update your correct data. It is a great practice if you add a nominee that will remove many hassles of the future. In the end, open your account and enjoy the perks provided by Angel Broking.