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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 | Compare |
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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 ![]() | ![]() |
Read more about Bracket Order Explained with Example
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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