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Verified Member MouthShut Verified Member
Chinnasalem, India India
Angel Broking : cheating money in backend
Nov 01, 2017 01:35 PM 15693 Views
(Updated Nov 02, 2017 05:53 PM)

Customer Service:


While opening of Angel Demat account, the representative motivates to trade the smaller quantity of shares, and inform that irrespective of no of transaction the 0.28 percent or maximum cap of around 25 rupee will be the brokerage for buying&selling both together on each segment(BSE/NSE).

But actual thing is they will deduct the brokerage and end of each month they deduct 2 other extra charges margin and DP charges which they will never tell you.

Each transaction they deduct 23 rupees, some case it will be 600 percent(like if you sell 1 share of 3i infotech you will get 4 rupees but the commision will be 23 rupees addition to the brokerage which is around 600 percentage of amount).

Also they internally transferred the shares to pool account(i don't understand what it is) and they charge another 23 rupees for each transaction while selling shares 23+23=46 rupees addition to the brokerage on most cases while you sell the shares. And they never sent me the statement of shares transferred to heir pool account and the reason why it has been transferred, eventhough I had enough cash in my account

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