If you are planning to start investing in stocks, mutual funds, ETFs, or other market-linked products, opening a Demat account is one of the first steps. The Angel One App Referral Code “SWKY” is a referral code that new users can use while opening an account. The advertised benefit is a free Demat account, making it an option worth checking for first-time investors.
Angel One currently states on its official website that users can open a Demat account without account-opening charges. The broker also provides an online account-opening process that includes registration, OTP verification, KYC details, and delivery of Demat account information by email.
What Is Angel One?
Angel One is an Indian stockbroking platform that provides online investment and trading services. Users can access various market products through the Angel One app, depending on their eligibility and applicable regulations.
For new investors, having a Demat and trading account makes it possible to hold securities electronically and participate in eligible financial markets. Before opening an account, users should understand the brokerage structure, account maintenance charges, transaction charges, taxes, and other applicable costs.
Angel One Referral Code “SWKY”
The Angel One App Referral Code “SWKY” is promoted as a referral code for users who want to open an Angel One Demat account. The advertised benefit is a free Demat account.
Angel One's official pricing information currently confirms that account opening is free. However, a free account opening does not mean that every transaction or service on the platform is free. Brokerage, DP charges, statutory levies, and other applicable charges may still apply depending on the service and transaction.
Therefore, users should consider the referral offer as an account-opening benefit and review Angel One's current pricing before trading or investing.
How to Use Angel One Referral Code “SWKY”
If you want to use the SWKY referral code, you should enter it during the account-opening process if a referral-code field is provided.
Follow these general steps:
Download and open the official Angel One app.
Start the Demat and trading account registration.
Enter your mobile number and complete OTP verification.
Provide the required KYC information.
Enter SWKY in the referral or invite-code field, if available.
Submit the required documents and complete the verification process.
Wait for your account-opening process to be completed.
Check your account details after successful onboarding.
Angel One's official account-opening process includes filling out the signup form, entering an OTP, providing KYC details, and receiving Demat account details on the registered email address.
What Does “Free Demat Account” Mean?
A free Demat account generally refers to zero account-opening charges. Angel One currently states that its Demat account can be opened for free.
However, investors should distinguish between account-opening fees and ongoing or transaction-related charges. A broker may offer free account opening while charging applicable fees for certain transactions or account services.
For example, Angel One currently states that the first year has zero account maintenance charges. From the second year, AMC depends on whether the account qualifies as BSDA or non-BSDA.
Angel One Charges to Know
While opening a Demat account can be free, investors should understand the other applicable costs before trading.
Angel One's current pricing page shows ₹0 brokerage up to ₹500 for the first 30 days under its applicable introductory offer, after which normal brokerage rates apply. The exact brokerage depends on the product and transaction.
There can also be Depository Participant charges when selling delivery-based shares. Angel One currently lists DP charges of ₹20 plus GST per scrip per transaction for applicable equity delivery sales. These charges do not apply to equity purchases, intraday trades, or F&O transactions.
Understanding these charges can help investors calculate their actual trading costs rather than focusing only on the free-account offer.
Why Use the SWKY Referral Code?
For someone who is already considering Angel One, using a referral code can be convenient if the code is accepted during registration. The SWKY referral code can be entered during signup if the referral option is available, while Angel One's official pricing confirms that account opening itself is currently free.
A free account-opening offer can be especially useful for beginners who want to start investing without paying an initial account-opening fee.
However, users should never select a broker solely because of a referral offer. Compare brokerage charges, AMC, DP charges, investment products, app features, customer support, and other relevant services before making a decision.
Documents Required
Angel One requires KYC information to complete the account-opening process. Depending on the application, users may need documents such as PAN, Aadhaar-linked mobile authentication, proof of identity, and proof of address. Angel One states that online Demat opening requires mobile verification through OTP and that applicants should have an active bank account in India.
Make sure the information submitted during registration is accurate and matches your official documents.
Final Thoughts
The Angel One App Referral Code “SWKY” is promoted for users looking to open a free Demat account with Angel One. The platform's official website currently confirms that Demat account opening is free, although other brokerage, maintenance, DP, tax, and transaction-related charges may apply.
If you are eligible and the referral field is available during registration, enter SWKY before completing your account-opening process. After opening the account, review the latest Angel One pricing information so you understand all applicable charges before investing or trading.
Investing in securities involves market risk. Always research your investments carefully and consider your financial goals and risk tolerance before making investment decisions.