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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 order6,277,434Open Account Zerodha Review
Angel OneRs 20 per executed orderRs 20 per executed orderRs 20 per executed order3,060,398Open Account Angel One Review
ICICIdirectRs 20 per orderRs 0 (Free)Rs 20 per order3,031,192Open Account ICICIdirect Review
5paisaRs 20 per executed orderRs 20 per executed orderRs 20 per executed order1,754,330Open Account 5paisa Review
Kotak SecuritiesFreeDelivery: Rs 20 per trade | Intraday: FreeDelivery: Rs 20 per trade | Intraday: Free1,256,001Kotak Securities Review
HDFC Securities0.05%Rs 20 per tradeRs 20 per trade1,141,264HDFC Securities Review
IIFL SecuritiesRs 20 per orderRs 20 per orderRs 20 per order1,132,766Open Account IIFL Securities Review
Motilal Oswal0.05% (both side)0.05% (both side)Rs 100 per lot (both side)896,851Motilal Oswal Review
AxisDirect0.05%0.05%Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot422,358AxisDirect Review
EdelweissRs 10 per executed orderRs 10 per executed orderRs 10 per executed order193,041Open Account Edelweiss Review
Anand Rathi0.03%0.03%Rs 50 per lot104,677Open Account Anand Rathi Review
SAMCORs 20 per trade or 0.02% (whichever is lower)Rs 20 per trade or 0.02% (whichever is lower)Rs 20 per trade or 0.02% (whichever is lower)77,730Open Account SAMCO Review
Bajaj FinservRs 17 per orderRs 17 per orderRs 17 per order75,038Open Account Bajaj Finserv Review
Aditya Birla Money0.03%0.03%Rs 50 per lot68,292Aditya Birla Money Review
IDBI Capital0.05%0.05%Rs 100 per lot66,639IDBI Capital Review
TradeSmartRs 15 per orderRs 15 per orderRs 15 per order44,826Open Account TradeSmart Review
SAS OnlineRs 0Rs 0Rs 021,720Open Account SAS Online Review
TradeplusNARs 799 per month (unlimited trading)Rs 99 per month (unlimited trading)19,934Open Account Tradeplus Review
RMoneyRs 18 per executed order or .01% whichever is lowerRs 18 per executed order or .01% whichever is lowerRs 18 per executed order or .01% whichever is lower3,956RMoney Review
TradingoRs 20 per trade or 0.03% (whichever is lower)Rs 20 per trade or 0.03% (whichever is lower)Rs 20 per executed order0Open Account Tradingo Review

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