Technological advancement has made it easier to trade stocks from anywhere with the help of your phone. Trading is only a phone call away with Angel One.
What Is a Call and Trade?
Although online trading is highly convenient, it is dependent on the availability of the internet. So, when your device loses connectivity, you, as a trader, are unable to carry out transactions.
Call and trade is a facility provided by Angel One that enables you to carry out trading operations via your phone when the internet is not available. The executives present at Angel One shall make the trade as per instructions on your behalf. You can place unlimited orders and carry out trades in cash, IPO, and the derivative segment using this facility.
What Are the Charges Levied?
The charges applicable for call and trade are as follows:
- These charges are applicable if the transaction is done over a phone call.
- For every executed order, the charges for call and trade are ₹20+GST.
- The charges are levied only after the execution of a trade.
How To Use the Facility?
The process of using the call can trade facility from Angel One is simple:
- To utilise the facility, customers need to call 1800-1020.
(From 8:30 am to 4:00 pm – all trading days)
- You shall get in touch with our executive at the call and trade desk.
- From there, you shall be allotted a dealer.
- Verify your account details with your dealer by following the instructions provided.
- Brief your dealer about the transaction you want to be carried out.
- The dealer will give you confirmation of the stock being traded.
- You can check your online account later to check the details of the transaction.
What Are the Benefits of Using Call and Trade Facility?
- Convenience
Call and trade enables the investor to trade on the go. It is accessible from any place which has a decent network for calling. Moreover, it does not require any internet connection.
- Time
This facility saves a lot of time as your orders are executed by your dealer on the phone. All you need to do is inform the dealer of the details of the trade you want to be carried out. It can especially be time-saving for investors who are not tech-savvy and find online trading to be complex.
- Minimum paperwork
When placing an order with a dealer physically, there is a lot of paperwork involved, especially for the IPOs and derivative market. With the Call and Trade facility, this can be avoided.
- No limits
This facility has no upper limit regarding the number of trade orders that can be placed in a time frame. You can place numerous orders through a single call.
- Quick execution
The orders can be executed promptly using call and trade. This becomes important especially when trading in derivatives where timely decision making is crucial.
What are auto-square off charges?
If you place an order for intraday trading and do not close the open positions in the given timeframe, the order is auto-square off. The auto-square off is called offline trading, as the trader did not do it. The auto-square off time for Angel One is 3:15 pm.
Get an Angel One Demat Account to get started with the call and trade facility.
FAQs
What is a call and trade?
Call and trade is a service by Angel One that enables trading over the phone without internet access. You can place unlimited orders for trading market securities.
What are the charges for using the Angel One call and trade facility?
For every order executed via phone, a charge of ₹20 plus GST is applied. These charges are only incurred after the trade has been executed.
How do I use the call and trade facility at Angel One?
To use this service, dial 1800-1020 between 8:30 am and 4:00 pm on trading days, connect with an executive at the call and trade desk, verify your account details, provide your transaction instructions, and receive confirmation of your trade.
Is the call and trade facility secure?
Yes, the call and trade service provided by Angel One is fully secure, ensuring the safe execution of orders through verified procedures and recorded interactions.
What are the key benefits of using the call and trade facility?
The call and trade service enables convenient, internet-free trading, quick executions, minimal paperwork, and unlimited orders for efficient decision-making.
