Chittorgarh.com
Free Trading + Demat Account

Best Broker for Intraday Trading

Best Broker for Intraday Trading in India - Margin, Tips

Intraday trading is among the most popular trading segment in India. Finding the best broker for intraday trading is challenging. Compare intraday brokerage and exposure margin for top stock brokers in India to find the best brokerage firm for intraday.

Intraday trading (or day trading) is buying and selling the stocks within the same trading day. In day trading, the trading positions (buy or sell) are closed before the market closes for the trading day. If the trader fails to close the position (reverse sell or buy the same stock in same quantity) by the agreed intraday square-off time, the broker forcefully square-off the open position. Intra-day trading is done in all the segments including Equity, Equity F&O, Currency F&O and Commodities F&O. The trader who does day trading is called Day Trader.

Best Online Broker for Intraday

All stock brokers offer day trading but to make day trading profitable, it requires a broker who has the following qualities:

  • Lowest brokerage (preferable flat rate brokerage with no minimum brokerage)
  • Higher intraday margin (exposure)
  • Trading platform for free (especially desktop trading terminal)
  • Research Reports
  • Excellent Customer Service

For more detail read Best Stock Broker for Day Trading.

Below table provides a set of information which can be used to find the best broker for intraday trading.

Best Brokerage Firm for Intraday Trading

Broker Brokerage (Eq Intraday) Exposure (Eq Intraday) Exposure (Eq Futures) Exposure (Eq Options)
ICICIDirect0.275%Upto 25x4x2x for shorting
Sharekhan0.10%Upto 10x2xNil
Indiabulls₹15 per executed order or .01% whichever is lowerUp to 12x (based on the stock)Intraday - 50%(2x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)1x (no margin)
5paisa₹10 per tradeUp to 20 timesIntra-day 3 times | Delivery: 1 timeIntra-day 1 time | Delivery: 1 time
Motilal Oswal0.05% (both side)20 time for Margin+ (Over 140 Stocks), 4 times for other stocksIntraday: 3 times | Carry forward position: no exposureNo exposure
HDFC Securities0.05%Upto 20xNilNil
Reliance Securities0.04%Upto 10xUpto 3xNil
IDBI Capital0.05%Upto 4xNilNil
Religare0.050% to 0.010%Upto 10xUpto 3xUpto 3x for shorting
Geojit0.03%Upto 10xNo additional leverageNo additional leverage
Beeline₹18 per executed order10 times3 timesSelling: 3 times | Buying: 1 times
Kotak Securities0.049% (both side)50 times12 to 15 timesSelling: 200 times | Buying: 10 times
Bonanza0.005%Upto 10xUpto 3xUpto 2x for shorting
Angel Broking₹15/trade (<₹50k order) | ₹30/trade (>₹50k order)Upto 10xUpto 4x3x for shorting
India Infoline (IIFL)0.05%Upto 20xUpto 3x3x for shorting
Aditya Birla Money0.03%15x for A & B grp approved stock, up to 40X on selected Nifty 50 stocks for Trade 40X productUpto 3xNil
Zerodha₹20 per executed order or .01% whichever is lowerUp to 20x (based on the stock)Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
SBI Securities0.05%Upto 5xNilNil
Ventura0.03%Upto 5x3xNil
RK Global₹9 per executed orderUpto 8x to 10xUpto 5xUpto 5x
CompositedgeRs 15 per tradeUpto 5xUpto 3xUpto 3x for shorting (Intraday)
Trade Smart Online₹1530x trading margin7x trading margin7x trading margin
SAS Online₹9 per executed order13x to 20x with CO (Intraday), 5x to 9x for MIS (Intraday)5x with CO (Intraday), 2x for MIS (Intraday)2x for selling 100% premium amount for buying
SMC Global0.03%Upto 10x IntradayUpto 2xNA
Tradejini₹20 per executed order or .01% whichever is lower10x with SL, 30x without SL2.5x with SL, 6x without SL2.5x with SL, 6x without SL
Wisdom CapitalRs 95x to 40x (dependent on brokerage plan)5x to 20x (dependent on brokerage plan)5x to 40x (dependent on brokerage plan)
Achiievers EquitiesRs 15Upto 5xUpto 2xNA
Anand Rathi0.05% -0.015%Upto 10xUpto 2xUpto 2x for shorting
Fyers₹20 per executed order or .01% whichever is lowerUp to 16x (based on the stock)Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Upstox₹20 per trade or 0.01% (whichever is lower)Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25xRegular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6xRegular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Edelweiss0.01%Up to 40x40xNil
AxisDirect₹20 per executed orderUpto 10x100% (1x)100% (1x)
Karvy0.03%Upto 20xUpto 4xUpto 4x for shorting
Nirmal Bang0.02%Upto 4xUpto 4xUpto 2x for shorting
ProStocks₹157x (Margin intraday sq off) | 10x (Cover Order)1.5x1x (no margin)
Finvasia₹0up to 10x2x1x
A. C. Choksi0.03%Upto 5xUpto 2x IntradayNo leverage
RMoney₹18 per executed order or .01% whichever is lower20x (5%) (Intraday Only)Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
iTradeOnline₹20 per executed order or .01% whichever is lowerUpto 20x (based on the stock)Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Alice Blue₹20 per executed order or 0.01 whichever lowerUp to 20x (based on the stock)Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Trustline0.02% (2 paisa)Up to 20xNSE: 2xNSE: 2x
Yes Securities0.05%(both Sides)Upto 5XUpto 3xUpto 3x for shorting
SAMCO₹20 per executed orderNormal Orders: 3x to 15x | CO & BO: Up to 33xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
TradingBells₹20 per trade10x for most scriptsIntraday: 3x | Carry: 1x1x
Tradeplus0.01%Upto 33XIntraday leverage 2X | Cover Order Margin 3%Intraday Leverage of 2X

For good intraday trading experience customer should look for:

  • Best broker for Intraday Tips,
  • Best broker for Intraday Margin,
  • Best broker platform for Intraday and
  • Best brokerage charges for intraday.

Pros & Cons of Day Trading

Advantages of Day TradingDisadvantages of Day Trading
  • Opportunity to make big profits with a small investment.
  • The broker offers a higher margin for day trading.
  • All trades are cleared on the same day. The trader doesn't have to worry about aftermarket events.
  • If you miss to square off the trade, the broker does that automatically.
  • The advance order types (bracket order, cover order) help in reducing the risks.
  • Discount stock brokers made the day trading very profitable.
  • High-risk trading instrument. The losses are enormous.
  • Trades are automatically squared-off on agreed time with a broker. This trade cannot be carried forward to the next day.
  • Day trading is a full-time job. It requires an in-depth understanding of stock trading.
  • Day trading is not for beginners.



Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App