Angel One vs Pocket Broker: Licenses, fees and safety in 2026

Indian traders comparing Angel One and Pocket Broker are looking at two very different platforms. Angel One is a domestic app with five active SEBI licences. Pocket Broker is an offshore app, and we could not match a licence for it on the Indian regulatory registers we check.

By Qrates research desk · 2026-10-27

Indian traders comparing Angel One and Pocket Broker are looking at two very different platforms. Angel One is a domestic app with over 10 crore installs and five active SEBI licences (Qrates directory). Pocket Broker is an offshore app with over 5 crore installs, but we could not match a licence for it on the Indian regulatory registers we check.

Quick answer: Angel One vs Pocket Broker

Angel One is a domestic stock broker holding five active SEBI licences.
Pocket Broker is an offshore trading app published by Pocket Investments LLC.
We could not match a licence for Pocket Broker on the registers we check, including SEBI, RBI and IRDAI.

At a glance: Licences, ratings and complaints

You can check the latest figures on the Qrates pages for Angel One and Pocket Broker to verify SEBI licence statuses, check requested phone permissions and read the exact breakdown of user complaints. Here is how the two apps compare side by side. If you want to see how other platforms stack up, you can compare money apps side by side on our dedicated tool.

Feature	Angel One	Pocket Broker
Licences	5 SEBI licences (including INZ000161534 for stock broking)	None matched on Indian registers
Google Play rating	4.40 from 19,32,504 ratings	2.78 from 1,57,599 ratings
Recent 90-day review average	3.23	3.29
Replies to 1- and 2-star reviews	100 percent	82 percent

The regulatory divide: SEBI registration and legal recourse

Angel One and SEBI oversight

Angel One Limited operates strictly under Indian law. The company holds SEBI registration as a stock broker, research analyst, investment adviser, depository participant and portfolio manager (SEBI register of stock brokers). To understand the importance of this, read our guide on how to check if a stock broker is SEBI registered and spot fake trading apps. Trading with a SEBI-registered broker means you have clear legal protections in India.

If you have an unresolved complaint with a domestic broker, you can use the SEBI SCORES portal. This gives retail traders a formal process to escalate issues when a broker does not respond.

Checking Pocket Broker's legal status in India

Pocket Broker is published by an offshore entity named Pocket Investments LLC. We could not match a licence for this company on the registers we check across Indian regulators.

Using an unregistered offshore platform means you are trading outside the domestic safety net. Indian regulators cannot help you if your money gets stuck on the app or if the platform stops responding to your withdrawal requests. For more context on offshore risks, see our comparison of Investing.com vs Pocket Broker.

What each app can see on your phone

Money apps ask for phone permissions to verify your identity or to enable specific features. Angel One requests permission to read your text messages, record audio, see your location and read phone identity.

Pocket Broker requests permission to read your contacts and read phone identity. Both apps have been updated in the last 4 days.

What users complain about most

We read recent store reviews to see what goes wrong for users when they trade. In a sample of 398 recent Google Play reviews for Angel One, 5 users reported the app broke when the market moved. Another 4 users said nobody answers, and 4 cited charges nobody mentioned. You can learn more about cost structures in our analysis of Angel One vs Groww: Brokerage, AMC and hidden charges in 2026.

For Pocket Broker, we read 387 recent Google Play reviews. In this sample, 4 users reported being pushed into things. Both apps receive praise for being easy to use, with 9 mentions for Angel One and 17 mentions for Pocket Broker.

Who each one suits, by need

If regulatory oversight and legal recourse in India matter to you, note that Angel One holds five SEBI licences and operates under Indian law. You can explore other options in our directory of stock broking and trading apps.
If you are looking at offshore platforms, note that Pocket Broker has no matched Indian licences and asks for permission to read your phone contacts.

FAQs

Is Pocket Broker legal in India?

Pocket Broker is an offshore app published by Pocket Investments LLC. It does not have a matched licence on the SEBI, RBI or IRDAI registers we check.

Pocket broker SEBI registered hai ya nahi?

Pocket Broker is not registered with SEBI. We could not match a licence for the app or its publisher on any Indian regulatory register.

What are the hidden charges in Angel One?

Angel One users report unexpected fees in 4 out of 398 recent reviews. You should check the official pricing page for AMC and brokerage charges before you start trading.

The short version

Angel One is a regulated Indian broker with over 10 crore installs and clear SEBI registration.
Pocket Broker is an offshore app with over 5 crore installs and no matched Indian regulatory licences.
Your legal protections depend entirely on the regulatory status of the platform you choose.

Sources

Disclaimer

Qrates is an information directory. It takes no commission from any company listed and does not recommend products. Figures are taken from the sources named and dated, and they change; check the company's own page before you decide. This is not investment, credit, insurance or tax advice for your situation.