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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:
| Broker | Brokerage (Eq Intraday) | Brokerage (Eq Futures) | Brokerage (Eq Options) | Active Clients | Request Callback | Review | Compare |
|---|---|---|---|---|---|---|---|
| Zerodha | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order | 6,590,699 | Open Account  |  | |
| Angel One | Rs 20 per executed order | Rs 20 per executed order | Rs 20 per executed order | 4,244,617 | Open Account | | |
| ICICIdirect | Rs 20 per order | Rs 0 (Free) | Rs 20 per order | 2,686,765 | Open Account | | |
| HDFC Securities | 0.032% | Rs 20 per trade | Rs 20 per trade | 1,126,177 | | ||
| 5paisa | Rs 20 per executed order | Rs 20 per executed order | Rs 20 per executed order | 1,075,717 | Open Account | | |
| Kotak Securities | Free | Delivery: Rs 20 per trade | Intraday: Free | Delivery: Rs 20 per trade | Intraday: Free | 1,056,932 | Open Account | | |
| Motilal Oswal | 0.02% | 0.02% | Rs 20 per lot | 900,242 | | ||
| IIFL Securities | Rs 20 per order | Rs 20 per order | Rs 20 per order | 719,141 | Open Account | | |
| AxisDirect | 0.05% | 0.05% | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot | 389,282 | | ||
| Nuvama (Edelweiss) | Rs 10 per executed order | Rs 10 per executed order | Rs 10 per executed order | 218,206 | Open Account | | |
| Anand Rathi | 0.03% | 0.03% | Rs 50 per lot | 107,378 | Open Account | | |
| Bajaj Financial | Rs 20 per order | Rs 20 per order | Rs 20 per order | 77,765 | Open Account | | |
| Tradingo | Rs 20 per trade or 0.03% (whichever is lower) | Rs 20 per trade or 0.03% (whichever is lower) | Rs 20 per executed order | 76,675 | Open Account | | |
| SAMCO | Rs 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) | 71,113 | Open Account | | |
| IDBI Capital | 0.05% | 0.05% | Rs 100 per lot | 67,157 | | ||
| Aditya Birla Money | 0.03% | 0.03% | Rs 50 per lot | 66,836 | | ||
| TradeSmart | Rs 15 per order | Rs 15 per order | Rs 15 per order | 39,224 | Open Account | | |
| SAS Online | Rs 0 | Rs 0 | Rs 0 | 22,040 | Open Account | | |
| Tradeplus | NA | Rs 799 per month (unlimited trading) | Rs 99 per month (unlimited trading) | 13,911 | Open Account | | |
| RMoney | Rs 9 per executed order | Rs 9 per executed order | Rs 9 per executed order | 4,190 | |
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