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Best Broker for Intraday Trading

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.

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.

Best Broker Day Trading

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 Broker for Intraday Trading

Broker Brokerage (Eq Intraday) Exposure (Eq Intraday) Exposure (Eq Futures) Exposure (Eq Options)
Sharekhan0.10%10x for A & B group stock66.67x for Indices futures | 40x to 22.5x for stock futures0x
5paisa₹10 per tradeUp to 20 timesIntra-day 3 times | Delivery: 1 timeIntra-day 1 time | Delivery: 1 time
Motilal Oswal0.015% to 0.05%20 time for Margin+ (Over 140 Stocks), 4 times for other stocksIntraday: 3 times | Carry forward position: no exposureNo exposure
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
Angel Broking₹15/trade (<₹50k order) | ₹30/trade (>₹50k order)48 times exposure for approved stocksDelivery: 20x for Index and 10x for stock | Intraday 60x for selected contractsDelivery: 1x | Intraday: 6x for Option buy and 60x for sell for selected contracts
Aditya Birla Money0.01%15x for A & B grp approved stock, up to 40X on selected Nifty 50 stocks for Trade 40X productDelivery - Margin required by Exchange / Intraday - 66.67x for Indices futuresOption Delivery and Intraday - Premium levied by Exchange
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)
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
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
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
ProStocks₹157x (Margin intraday sq off) | 10x (Cover Order)1.5x1x (no margin)
Finvasia₹0up to 10x2x1x
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 lowerUp to 20xNSE: 2xNSE: 2x
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 40XIntraday 3XIntraday 3X on Selling
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



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