Angel One for options traders
Full-service heritage, discount pricing; strong reach beyond the big cities.
About Angel One
Angel One Limited, formerly Angel Broking, was incorporated in 1996. Its founder, Dinesh Thakkar, is Chairman and Managing Director; the group traces its broking roots to 1987.
The company moved from a traditional branch-based broker to a digital-first model from 2019. It is listed on the stock exchanges and is registered in Mumbai.
Besides broking, Angel One holds SEBI registrations as a depository participant (CDSL), portfolio manager, research analyst and investment adviser.
| Options brokerage | ₹20 per order (free up to ₹500 in the first 30 days) |
|---|---|
| Equity delivery | ₹20 or 0.1%, whichever is lower (min ₹5) |
| Account opening | ₹0 |
| Demat AMC | Free in year 1; then ₹60 + GST a quarter (BSDA under ₹4 lakh free) |
| Platforms | Angel One app and web |
| Options tools | Option chain |
| Exchanges | NSE, BSE, MCX |
| SEBI registration | INZ000161534 |
For options traders
- Option chain showing OI, Greeks and contracts across calls and puts, with a basket mode for adding options straight from the chain.
- Basket orders across equity, F&O, currency and commodity: up to 50 saved baskets with up to 20 securities each, with margin calculated upfront.
- SmartAPI, Angel One's trading API, is offered free of charge and includes a margin calculator API, live WebSocket data and historical data.
- GTT orders can be placed through SmartAPI. GTT orders cannot be placed inside a basket.
Opening an account
- The account is opened online through the Angel One app or website, with a live selfie and a signature captured during sign-up.
- If your Aadhaar is linked to both your mobile number and PAN, KYC can be completed through the simplified journey without document uploads.
- If Aadhaar is linked only to your mobile, you verify through DigiLocker and upload your PAN; if it is not linked to your mobile, PAN and Aadhaar are uploaded and verified on a video call.
- The application is e-signed with an OTP sent to the Aadhaar-linked mobile.
Good for
- Introductory free-brokerage period
- Wide branch and partner network
Watch out for
- Quarterly AMC after the first year
- Delivery trades are not free
Frequently asked questions
Is Angel One registered with SEBI?
Yes. Angel One Limited is a SEBI-registered stock broker, registration number INZ000161534, and a CDSL depository participant (IN-DP-384-2018).
What does an options order cost at Angel One?
Brokerage is ₹20 per executed F&O options order. New customers get free brokerage up to ₹500 in the first 30 days.
Is there an annual maintenance charge?
The first year is free. After that Angel One charges ₹60 plus GST a quarter, while Basic Services Demat Accounts with holdings under ₹4 lakh are free.
Is SmartAPI free?
Yes. Angel One offers SmartAPI without a subscription fee; normal brokerage and charges apply to trades placed through it.
Compare Angel One
Sources (checked Mon, 2 Nov, 2026)