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Brokers with Bracket Order

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.

Bracket Order Broker List

Broker	Category	Brokerage (Eq Intraday)	Active Clients	Request Callback
HDFC Securities	Full Service Broker	0.032%	998,480
Kotak Securities	Full Service Broker	Free	974,675	Open Account
Motilal Oswal	Full Service Broker	Rs 0 (Free for lifetime)	781,698	Open Account
Paytm Money	Discount Broker	Rs 20 per executed order or 0.05% whichever is low	678,207	Open Account
Sharekhan	Full Service Broker	0.02% on market rate or minimum 1 paisa per share	633,555
5paisa	Discount Broker	Rs 20 per executed order	501,405	Open Account
IIFL Securities	Full Service Broker	Rs 20 per order	430,837	Open Account
Dhan	Discount Broker	Rs 20 or 0.03% of trade value, whichever is lower	226,848	Open Account
Fyers	Discount Broker	Rs 20 per executed order or .03% whichever is lower	196,268	Open Account
Alice Blue	Discount Broker	Rs 15 per order or 0.05% whichever is lower	154,396	Open Account

		Compare

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Bracket Order Advantages

Bracket Order has 3 orders placed from 1 screen - Entry, Target and Stop-loss order.
Bracket Orders are valid only for intraday trading. All Bracket order positions are squared off by end of the trading day.
The margin required for Bracket Order is half of normal MIS intraday trading orders.
Bracket Orders are available only for Equity and Currency. They are not available for Commodity Trading at MCX.

Disadvantages of Bracket Order

Not available for trading in Stock Options, Currency options, and Commodity options.
In the case of flat rate brokers like Zerodha and Upstox, the brokerage charges in a bracket order are unpredictable. If the entry price of some of these shares is slightly different in order, the system creates separate target and stop-loss orders for each price.

Cover Order vs Bracket Order

Each bracket order is a set of 3 orders (Entry, Target, and Stop-loss). Each cover order is a set of 2 orders (Entry and Stop-loss).
Both offers equally higher leverage.

Read more about Bracket Order Explained with Example

16 Comments

16. Aakash

| Link|April 28, 2023 2:51:06 PMReply

Pls suggest which broker provides the following features in the Web application:
1. Bracket Order for Intraday (this is very common) and Delivery (this is required)
2. Non-Cash Limit
3. GTD with No Money Blockage
4. AMO/ PMO (this is easily found)
5. API Key

Load more comments (1 replies)

16.2. makan chauhan

| Link|September 21, 2023 6:04:09 AM

bhai mila apko aisa broker agar mila to mujhe bhi batao yarr

16.3. Jayanta Biswas

| Link|October 4, 2023 3:30:16 PM

Kindly let me know if you find any broker with above features available.please

15. Ritesh Panchal

| Link|August 17, 2023 5:13:50 PMReply

Suppose, share is bought at market price 100. We wish Target Price 110 & Stoploss 95.
In this scenario, which stock broker facilitates to enter 10 in Target and 5 in Stoploss ?? Please advise.

14. DEBOJYOTI BORAL

| Link|July 9, 2023 11:43:57 PMReply

Please help me to know which Broker allows the following features:
1. Non Cash Limit
2. After Market Order /Pre Market Order
3.GTD with No Money Blockage
4. Bracket Order
5. Application Programming Interface Key(API key)

14.1. Ashwin Kumar

| Link|July 13, 2023 6:56:07 PM

1.ncl
2.Amo/pmo
3.bo
These are provided by sharekhan
Sincerely ktp student

13. Bharat Tyagi

| Link|June 14, 2023 5:50:04 PMReply

Bracket orders are useful for traders to limit losses and increase profitability. They involve three orders (entry, target, stop-loss) placed from one screen, offering convenience and reduced margin requirements. However, they are only available for intraday trading and not for certain instruments. Differentiating bracket orders from cover orders is important for traders.

12. TIMAN

| Link|June 10, 2023 2:27:45 PMReply

FYERS SUCKS BIG TIME
Fyers breaks up a single bracket order into multiple orders based on bid ask price and then shamelessly charges brokerage per order. ( For example you place a buy order in Bank Nifty option for 300 Qty. After placing of order you will notice that your single order of 300 qty is split up into multiple order of 25 / 50/ 100/ 150 etc based on bid ask. Similar thing will happen when your order is squared off.)
Thankfully noticed it immediately and stopped using it after 1 month.

11. AASHISH KUMAR

| Link|May 21, 2023 9:09:19 AMReply

Suggest which broker provide me following facilities
🌹Brackret Order in Delivery
🌹Non Cash Limit
🌹PMO (pre market open)
🌹AMO(after market open)
🌹API Key

10. Anand Rajbongshi

| Link|April 25, 2023 11:37:24 PMReply

Please name that broker

9. Sushil Kumar

| Link|August 19, 2022 8:37:24 PMReply

Which broker provided BO order in AMO/PMO and GTT.

9.1. pankaj

| Link|March 30, 2023 11:50:32 PM

mere paas already hai par saare 1 broker me nahi mil raha. kaam to chal ja raha hai.

8. Pankaj

| Link|March 29, 2023 8:02:03 PMReply

Hi Experts,
Pls suggest which broker provides the following features in Web application:
1. Bracket Order for Intraday (this is very commn) and Delivery (this is required)
2. Non-Cash Limit
3. GTD with No Money Blockage
4. AMO/ PMO (this is easily found)
5. API Key

Thanks!

7. Alok

| Link|August 22, 2021 2:54:13 AMReply

Which broker currently allows bracket order.As Zerodha doesn’t

7.1. ashutosh

| Link|July 29, 2022 10:00:25 PM

alice blue

6. Chirag

| Link|August 29, 2021 3:56:51 PMReply

For Stock options (derivatives) trading , Does any broker allows CO or BO ??

6.1. rakesh

| Link|April 28, 2022 4:35:20 PM

SAS Online

5. Md Raju

| Link|December 24, 2021 9:40:35 PMReply

Is there any company providing trailling stop loss in options trading

5.1. rakesh

| Link|April 28, 2022 4:34:36 PM

SAS Online has bracket order with trailing SL for Options.

4. Hemant

| Link|February 22, 2022 11:01:54 AMReply

If there is no bracket and cover order in NSE OPTIONS, then it clearly shows ll brokers are there just to loot traders and deceive traders.

3. Mugen

| Link|May 10, 2021 12:40:21 PMReply

Zerodha sux big time. These MCs have removed the bracket order so that retail traders waste their money and they can make all the money via brokerage. They can easily be sued with a class action lawsuit for this malpractice.

3.1. Nilaykumar

| Link|January 8, 2022 8:25:39 PM

True , they are planned to not profit retailer , Making it tough so we loose our money and big trader become rich easily

2. Puneet

| Link|October 29, 2020 9:19:41 AMReply

Any broker offering Bracket order after the market closes?

2.1. Chetan

| Link|August 15, 2021 2:00:23 PM

You can place bracket orders for Intraday as well as delivery after market with
Sharekhan.

1. Surendrakumar Sadashiv Shete

| Link|June 2, 2021 11:43:51 PMReply

Nice