|
A Bracket Order is an advance order type to help traders to limit the losses and increase chances of profitability. It's an order with an opposite-side order placed together (i.e. a buy order is bracketed by a high side sell limit order, and a low side sell stop order).
Bracket orders (BO) have a fixed stop-loss trailing order. To advance this further, some broker offers Bracket Order Trailing Stop-loss. This provides an ability to trail your stop-loss (dynamically). It means the stop-loss keeps moving based on the direction your stock or contract moves.
Bracket orders and cover orders are key risk management tools for a trader. A handful of stock brokers offer this order type to the traders.
Broker | Category | Brokerage (Eq Intraday) | Active Clients | Request Callback | Review |
---|---|---|---|---|---|
5paisa | Discount Broker | Rs 20 per executed order | 1,652,702 | Open Account ![]() | ![]() |
Kotak Securities | Full Service Broker | Free | 1,267,424 | Open Account ![]() | ![]() |
HDFC Securities | Full Service Broker | 0.032% | 1,173,032 | ![]() | |
IIFL Securities | Full Service Broker | Rs 20 per order | 1,144,428 | Open Account ![]() | ![]() |
Motilal Oswal | Full Service Broker | 0.02% | 930,588 | ![]() | |
Sharekhan | Full Service Broker | 0.10% | 766,848 | Open Account ![]() | ![]() |
Paytm Money | Discount Broker | Rs 15 per executed order or 0.05% whichever is low | 502,828 | Open Account ![]() | ![]() |
Alice Blue | Discount Broker | Rs 15 per order or 0.01% whichever is lower | 144,702 | Open Account ![]() | ![]() |
Fyers | Discount Broker | Rs 20 per executed order or .03% whichever is lower | 142,962 | Open Account ![]() | ![]() |
Anand Rathi | Full Service Broker | 0.03% | 107,990 | Open Account ![]() | ![]() |
Read more about Bracket Order Explained with Example
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
|