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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 Compare
HDFC Securities0.032%Rs 20 per tradeRs 20 per trade1,088,561HDFC Securities Review
Sharekhan0.02% on market rate or minimum 1 paisa per share0.02% per transaction valueRs 20 per lot665,129Sharekhan Review
DhanRs 20 or 0.03% of trade value, whichever is lowerRs 20 or 0.03% of trade value, whichever is lowerRs 20 per executed order434,798Dhan Review
AxisDirect0.05%0.05%Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot357,390AxisDirect Review
Aditya Birla Money20202080,213Aditya Birla Money Review
IDBI Capital0.05%0.05%Rs 100 per lot55,285IDBI Capital Review
Angel OneRs 20 per executed orderRs 20 per executed orderRs 20 per executed order5,983,067Open Account Angel One Review
ZerodhaRs 20 per executed order or .03% whichever is lowerRs 20 per executed order or .03% whichever is lowerRs 20 per executed order7,223,525Open Account Zerodha Review
5paisaRs 20 per executed orderRs 20 per executed orderRs 20 per executed order544,270Open Account 5paisa Review
IIFL SecuritiesRs 20 per orderRs 20 per orderRs 20 per order437,829Open Account IIFL Securities Review
Anand Rathi0.03%0.03%Rs 50 per lot124,090Open Account Anand Rathi Review
Bajaj FinancialRs 20 per orderRs 20 per orderRs 20 per order30,881Open Account Bajaj Financial Review
ICICIdirectRs 20 per orderRs 0 (Free)Rs 20 per order1,869,925Open Account ICICIdirect Review
Kotak SecuritiesFreeDelivery: Rs 20 per trade | Intraday: FreeDelivery: Rs 20 per trade | Intraday: Free1,179,674Open Account Kotak Securities Review
Motilal OswalRs 0 (Free for lifetime)0.02%Rs 20 per lot874,230Open Account Motilal Oswal Review
Nuvama (Edelweiss)Rs 10 per executed orderRs 10 per executed orderRs 10 per executed order218,206Open Account Nuvama (Edelweiss) Review
SAMCORs 20 per trade or 0.05% (whichever is lower)Rs 20 per trade or 0.05% (whichever is lower)Rs 20 per trade90,174Open Account SAMCO Review
SAS OnlineRs 9Rs 9Rs 921,257Open Account SAS Online Review
TradeSmartRs 15 per orderRs 15 per orderRs 15 per order29,627Open Account TradeSmart 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 order81,054Open Account Tradingo Review

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