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Angel One iTrade prime plan charges

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iTrade prime plan charges

Angel One, founded in 1987, is one of the largest full-service retail brokers in India, offering online discount brokerage services. They provide a wide range of investing and trading services, such as stock and commodity brokerage, investment advising, margin finance, share loans, and financial product distribution.

iTrade

In November 2019, Angel One revised its brokerage strategy to compete with reasonable brokers such as Zerodha. The new ‘Angel iTrade PRIME’ plan has a set charge of Rs 20 per trade for all segments, including Intraday, F&O, Currencies, and Commodities. Notably, Equity Delivery trades are free for all users. This uniform pricing applies to all exchanges and segments.

Open an account with Angel OneClick here
Features

  • The most cost-effective plan among full-service brokers.
  • There are no hidden charges.
  • There is a flat fee of Rs 20 per order for intraday, F&O, currency, and commodities trading.
  • Access to a comprehensive suite of brokerage services, including fundamental research and advising, at no additional cost.

Direct Charges

‐ Account Opening Fee (includes GST)

Rs. 699

‐ AMC Charges @ 450/yr

‐ Free for 1st Year
Rs. 450 From 2nd year onwards


Brokerage Charges

Brokerage for Order Value <= ₹50,000

Rs. 15

Brokerage for Order Value > ₹50,000

Rs. 30

Call and Trade Trade

Rs. 10

Online Fund Transfers (Net Banking/UPI)

Rs. 0

ARQ Recommendations

Rs. 0

Franking, KRA, eSignature Charges

Rs. 0

Pledge Charges

Rs. 25

Physical Contract Notes

Rs. 50

Demat or Remat

Rs. 50 per certificate

Transaction Charges For Sell (Debit) & Inter- Settlement Debit Per Transaction

Rs. 20

Cheque Bounce Charges

Rs. 350

Late Payment Charges Interest

1.5% per month


Asset Charges

Equity Delivery

Free

Equity Intraday

Flat Rs 20 per order

Equity Future

Flat Rs 20 per order

Equity Options

Flat Rs 20 per order

Currency Future

Flat Rs 20 per order

Currency Options

Flat Rs 20 per order

Commodity

Flat Rs 20 per order

Note-

  • In options trading, the overall order value is determined by multiplying the sum of the strike price and the premium by the lot size

Open an account with UpstoxClick here

Regulatory Charges

  • For Equity
 

Stock Investments

Intraday Trading

Futures

Options

STT (Securities Transaction Tax)

0.1%

Buy /Sell

0.025%

Sell

NSE: 0.0125%

BSE: 0.0125%

Sell

NSE: 0.0625%

BSE: 0.0625%

Sell

Demat Transaction / DP Charges

₹20 + GST / Company Sell

₹0

₹0

₹0

SEBI Charges

₹ 10/ crore

₹ 10/ crore

₹ 10/ crore

₹ 10/ crore

Transaction Charges

NSE: 0.00322%

BSE: As Per The Stock Group

Buy/Sell

NSE: 0.00322%

BSE: As Per The Stock Group

Buy/Sell

NSE: 0.00188%

BSE: 0

Buy/Sell

BUY SELL

NSE: 0.0495%

BSE: 0.0495%

Buy/Sell

Stamp Duty Charges

0.015%

Buy

0.003%

Buy

NSE: 0.002%

BSE: 0.002%

Buy

NSE: 0.003%

BSE: 0.003%

Buy

GST

18%

18%

18%

18%


Conclusion

Angel One’s ‘Angel iTrade PRIME’ plan is the most cost-effective and transparent alternative among full-service brokers. Traders can save significantly by paying a fixed cost of Rs 20 per order for intraday, F&O, currency, and commodity trading, as well as free Equity Delivery trades.

Furthermore, there are no hidden fees, and users have free access to a full range of brokerage services, including fundamental research and consulting. The plan’s direct charges, brokerage fees, and regulatory costs are all reasonably priced, making it an excellent alternative for both new and experienced investors looking for reasonable and reliable brokerage services.

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