Angel iTrade Prime AMC Charges

Different stockbroker houses levy different types of charges on their demat accounts. AMC charge is one of the charges that are pretty much common for most stockbrokers. In this quick review, we will talk about the Angel iTrade Prime AMC Charges that are levied by Angel Broking, one of the leading brokers of the stock market industry.

By the way, for people who don’t know – AMC charges are the Account maintenance charges levied at an annual level.

The AMC charges could be at the Demat account level or the trading account level or both, as there are multiple Angel Broking account types.

iTrade Annual Fee

• The first-year Angel iTrade Prime AMC Charges are NIL.
• However, from the second year, you are charged INR 450 per year.

Remember, these Angel iTrade Prime AMC Charges are different from the Angel Broking account opening charges, brokerage, taxes or any other sort of charges levied. If you are looking to just open the account to understand the trading process, then you don’t need to worry as in the first year, you won’t need to pay anything.

These charges are automatically deducted from your trading account balance and you don’t need to pay them separately to the stockbroker. Make sure, you have the balance when your AMC is due otherwise your trading account balance will be negative and this is not a good sign of a healthy investor.

If you have any doubts, it makes total sense to check out the Angel iTrade Prime Brokerage Calculator for more reference.

Angel iTrade

On a side note, if you have been wondering what Angel iTrade is – well, it is a discount broking model set by Angel Broking. With this, the stockbroker has been providing full-service level services at a discounted brokerage price.

We, at A Digital Blogger, have written a lot of information around Angel iTrade. Feel free to check that out.

At the same time, if you need any further assistance, just fill in the details below and our technical team will come forward to help you out.