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From my experience as an independent trader, I approach brokers with rigorous scrutiny—especially when it comes to total trading costs and regulatory oversight. Looking into Angel One, the first critical point is that, while their platforms and pricing look competitive for Indian equities and derivatives, they simply do not offer instruments like the US100 or other international indices for trading. Their product list is limited to Indian stocks, derivatives (like futures and options on local securities), mutual funds, and commodities; there’s no access to forex, global indices, or ETFs. For context, genuine brokers providing US100 access must clearly outline spreads, commissions, overnight charges, and possibly exchange fees, all under the supervision of robust regulators. Angel One, however, is not regulated by SEBI or any recognized global financial authority, which for me is a major concern, regardless of cost structure. Within their range, Angel One’s cost structure on Indian instruments includes capped brokerage on deliveries or intraday—never more than ₹20 per order—and statutory charges, but these are not relevant to US or international indices. The lack of regulatory protection, combined with the inability to actually trade instruments like the US100, means I cannot assess or recommend them for such exposure. For those seeking cost transparency and safety with global index trading, I firmly believe regulated brokers with full disclosure are essential.