Margin Against Shares Trading

Margin against shares allows traders to pledge the securities in Demat account to get additional cash leverage for trading in Equity intraday, Future, and Options writing.

The margin on stocks from pledging i.e collateral margin is very used by frequent traders. A list of eligible share is provided by the broker. This list also includes information like "for every Rs 100 worth of stock pledged, you'll receive a collateral margin of Rs XYZ (i.e. Rs 82)" and haircut %.

There is a cost of pledging i.e. Zerodha charge is Rs 60 + GST per pledge request. There is no cost for un-pledging.

A small number of stockbrokers allow pledging shares as collateral. Below is the list:

Brokers offering Margin Against Shares

Broker Brokerage (Eq Intraday) Brokerage (Eq Futures) Brokerage (Eq Options) Active Clients Request Callback Review
ZerodhaRs 20 per executed order or .03% whichever is lowerRs 20 per executed order or .03% whichever is lowerRs 20 per executed order3,602,074Open Account Zerodha Review
UpstoxRs 20 per executed order or 0.05% whichever is lowerRs 20 per executed order or 0.05% whichever is lowerRs 20 per executed order2,141,095Open Account Upstox Review
ICICI DirectRs 20 per orderRs 0 (Free)Rs 20 per order1,580,233Open Account ICICI Direct Review
Angel BrokingFlat Rs 20 per executed orderFlat Rs 20 per executed orderFlat Rs 20 per executed order1,564,667Open Account Angel Broking Review
HDFC Securities0.05%0.05%Rs 100 per lot or 1% of the premium (whichever is higher)957,085Open AccountHDFC Securities Review
5paisaRs 20 per executed orderRs 20 per executed orderRs 20 per executed order870,405Open Account 5paisa Review
Kotak Securities0.049% (both side)0.049% (both side)Rs 300 per lot743,206Open AccountKotak Securities Review
Motilal Oswal0.05% (both side)0.05% (both side)Rs 100 per lot (both side)564,034Open AccountMotilal Oswal Review
AxisDirect0.05%0.05%Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot454,882Open AccountAxisDirect Review
IIFL SecuritiesRs 20 per orderRs 20 per orderRs 20 per order291,730Open Account IIFL Securities Review
EdelweissRs 10 per executed orderRs 10 per executed orderRs 10 per executed order157,254Open Account Edelweiss Review
Ventura0.03%0.03%Rs 50 per lot96,431Open AccountVentura Review
Choice Broking0.02%0.02%Rs 25 per lot67,804Open AccountChoice Broking Review
Aditya Birla Money0.03%0.03%Rs 50 per lot55,562Open AccountAditya Birla Money Review
IDBI Capital0.05%0.05%Rs 100 per lot50,510Open AccountIDBI Capital Review
IndiabullsRs 0 (Free)Rs 15 per tradeRs 15 per trade43,688Open AccountIndiabulls Review
Dhani StocksRs 0 (Free)Rs 0 (Free)Rs 0 (Free)39,237Open AccountDhani Stocks Review
TradeSmartRs 15 per orderRs 15 per orderRs 15 per order36,808Open Account TradeSmart Review
TradeplusNARs 799 per month (unlimited trading)Rs 99 per month (unlimited trading)22,257Open AccountTradeplus Review
SAS OnlineRs 0Rs 0Rs 017,878Open Account SAS Online Review

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