Have Angel Broking account? Your retail broking house has achieved a new high

Angel Broking, an independent full-service digital broking firm, has scaled its life-time high regarding its average monthly new accounts. It has clocked over 1 lakh, since the lockdown started in March, 2020. It also logged a 2.2x growth in average monthly gross client addition in 2M FY21 over FY20. Moreover, Angel Broking expanded its client base to historic highs of 2+ million in May, 2020! Moreover, it executed 2+ million trades in a single day.

Sharing his thoughts on the milestone, Prabhakar Tiwari, CMO, Angel Broking Ltd, said, “Angel Broking is a digital first organization, which capitalizes on leading digital tools and platforms across functions with single minded consumer-centricity.”

Speaking on the milestone, Vinay Agrawal, CEO, Angel Broking, said, “Angel Broking has transformed the way retail trading is done in India and offers an extensive range of financial solutions. We constantly strive towards optimizing efficiencies of our platform across stages of designing, execution and acquiring customers thereby living up to the promise of being the right partner for new-age traders and investors.”

"The increase in client base further accelerated our daily trading volumesas we execute around 2 million trades in a single day on our platform. Our strategy of offering a simplified and most competitive pricing structure, through our iTrade prime plan, facilitated our better than industry growth in client acquisition. The plan offers our clients an opportunity to avail full suite of broking services including basic research and advisory, absolutely free," Angel Broking said in a statement.