Top 10 Brokers For Intraday Trading in India: Intraday trading belongs to selling and buying financial instruments within a similar trading day. It includes taking advantage of short-term price movements to make a profit, with positions typically being closed before the market closes for the day. Often Intraday trading uses technical analysis, chart patterns, and several trading strategies to identify opportunities and execute trades swiftly. It demands a high level of skill, discipline, and risk management due to the fast pace and volatility of intraday markets. Broker Guide India, has come up with this detailed article on Intraday trading and list of Best Intraday Trading Brokers in India, to help you choose the best platform for trading.
Intraday trading is the most demanding segment in India. Traders are required to make decisions regarding when to enter and exit trades within a short time frame, usually without the luxury of extensive analysis. Sometimes traders think which is the best stock broker for intraday trading, so in this article we represent the Top 10 Brokers for Intraday Trading in India, these brokers are well-known in the Indian market and provide various features and services suitable for intraday trading.
Find Here the List of Best Broker For Intraday Day Trading In India 2024
Trading Brokers Name | Brokerage (Equity Intraday) | Rating |
| Angel One | Rs 20 per executed order | 9.24 |
| Groww | Rs 20 per executed order or 0.05% whichever is lower | |
| Zerodha | Rs 20 per executed order or .03% whichever is lower | 9.15 |
| Upstox | Rs 20 per executed order or 0.05% whichever is lower | 9.31 |
| Kotak Securities | Free | 8.96 |
| HDFC Securities | 0.03% | 8.72 |
| Motilal Oswal | Rs 0 (Free for a lifetime) | 9.02 |
| Sharekhan | 0.02% on market rate or a minimum of 1 paisa per share | 8.84 |
| IIFL Securities | Rs 20 per order | 9.09 |
| AxisDirect | 0.05% |
Angel Broker
Founded in 1996, Angel One Limited (Angel Broking Limited) is an Indian stockbroker firm that is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited, and Multi Commodity Exchange of India Limited. It is an online platform that allows traders to purchase and sell stocks, currencies, and other financial management instruments in real time, that also makes them one of the top Intraday Trading Brokers in India.
With achieving the trust of over 2+ Crore customers in the market Angel One has secured the first rank among the Top 10 Brokers For Intraday Trading in India. They provide a vast range of innovative services such as online trading and investing, margin trading facility, smart orders, advisory, algorithms, etc. that also at lowest Brokerage Charges for Intraday Trading in India
So if you want to know what’s the best platform for intraday trading specifically, then Angel One Super App is known for cutting-edge tools such as basket orders, GTT orders, SmartAPI, advanced charts, and others that help you navigate capital markets like a pro and navigate the fast-paced intraday market with confidence.
Intraday Trading Benefits with Angel Broker
- ZERO Brokerage on ALL Segments
- FREE Margin Trade Funding
- Potential Tax Benefits
- ₹ 0 Equity Delivery
- Research and Analyses Tools
- Provide Real-time Market Data
- ₹ 20 per order, For Intraday, F&O, Commodities & Currencies
Groww
Groww gives you the best intraday trading experience at a lower charge, it is a popular investment platform in India that allows users to invest in several financial instruments such as mutual funds, stocks, exchange-traded funds (ETFs), and digital gold. Groww ranks among the top Best brokerage firms for Intraday Trading, furthermore, it provides interesting trading facilities or access to certain stock exchanges for intraday trading targets.
Groww Charge For Intraday Trading
| Trading Segment | Brokerage |
| Equity Delivery | Flat Rs 20 per trade or 0.05% (whichever is lower) |
| Equity Intraday | Flat Rs 20 per trade or 0.05% (whichever is lower) |
| Equity F&O | Flat Rs 20 per trade |
Zerodha
Zerodha is known for the Lowest brokerage charges for intraday trading in India on 2 counts. Zerodha charges a Rs20 brokerage fee as per executed orders for intraday trades, and brokerage for inquiry delivery trade is free. It provides up to 5 times (20% margin) leverage for intraday using Margin intraday square off (MIS) and Cover Order (CO) for equity. The low brokerage rates allow the traders to reach break-even fast and the advanced trading software makes trading fast.
Latest Intraday leverages – MIS & CO
| Segment | Leverage /Margins |
| Equity | 20% of the trade value based on the volatility of the stock(VaR+ELM+Adhoc margins of the exchange) |
| Index F&O | 1X (100% of NRML margins(SPAN + Exposure)) |
| Stock F&O | 1X (100% of NRML margins(SPAN + Exposure)) |
| Currency Futures | 1X (100% of NRML margins(SPAN + Exposure)) |
| Commodity Futures | 1X (100% of NRML margins(SPAN + Exposure)) |
Upstox
Discount broking company Upstox, backed by Ratan Tata, has achieved breakeven in FY2022-23. Apart from this, it is listed as the 7 Best Day Trading Brokers In India 2024, the brokerage fees for equity intraday (buying/selling stocks on the same day), and equity futures are Rs 20 or 0.05% which can be less than as per order.
- Low Brokerage Fee
- User Friendly Platform
- Risk management features
- Educational Resources
Kotak Securities
Kotak Securities allows you to execute intraday trades at no brokerage. It offers free-of-cost intraday trading across all segments under the Trade Free plan and Trade Free Max with a flat fee of Rs 20 per executed order for overnight positions in F&O, Currency, and Commodity. Moreover, the margin for intraday trading is more than 20% of trade value based on the stocks.
- Advance trading Platform
- Less Brokerage fee
- Dedicated Customer Support
- Advance order types
HDFC Securities
Start Intraday trading with HDFC Securities and enjoy participation opportunities of all kinds in intraday trading. They are counted among the Best Stock Broker For Day Trading In India because of multi-trading platforms and trading transactions online from the comfort of your home. In addition, users have the option of taking delivery of the stock by choosing the “Convert to Delivery” option.
- You can take benefit of market fluctuations during the day
- Profit/loss is realized on the same day
- Use Intra-day if you want to gain from trade opportunities on the same trading day without delivery of shares.
- You can create a buy position by paying a fraction of the transaction value (margin amount).
- If you buy a stock and its price increases on the same day, you can sell and book profits by using this product.
Motilal Oswal
The Indian financial services company “Motilal Oswal Financial Services Limited” offers a range of financial products and services. The company was founded by Motilal Oswal and Raamdeo Agrawal in the year 1987. The best Intraday Trading Brokers in India offers users a user-friendly platform for Intraday trading with them you gain high-margin profit at less brokerage.
- 10x leverage
- Digital robotic advisory service
- Safety and reliability
- Customized Client experience
Sharekhan
Sharekhan is one of the Top 10 Brokers For Intraday Trading in India, is the fifth largest full-service firm, and the 8th largest stock broker in India with the strong support of over 16 lakh+ customers. With them, your margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Sharekhan F&O’s intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at NSE, BSE, and MCX.
- Margin Trading facilities
- Best customer support
- Multiple segments
- Intraday exposure
IIFL Securities
IIFL Securities Best Broker For Intraday Trading in India that provides advanced analytics and access to quality research, which can help immensely in day trading and allow users to earn hefty profits in the procedure.
- Rs 20 per trade for Equity Intraday
- Digital Platform
- Low Brokerage fee
- Intraday trading is from 9.15 am to 3.30 pm on a daily basis
Axis Direct
Axis Direct is the best option for intraday trading, and it is famous for its trusted position. The company employs over 2,100 people who ensure all work done fair and transparently. Moreover, Axis Direct charges 0.50% brokerage for equity delivery, 0.05% for Intraday and Futures, and Rs 10 per lot for options.
- Quick profits
- Affordable fee
- Risk Management Features
- Active client base of 3,32,288+
Pros & Cons of Day Trading
Intraday trading offers high profit but it comes with several risks here are the advantages and disadvantages of intraday trading:
| Pros | Cons |
| Quick Profits | High Risk |
| Leverage | Time-Consuming |
| Flexibility | Emotional Pressure |
| No overnight risk | Limited timeframe |
| Fewer Margin Requirements | Market Noise |
Conclusion
We hope this article on best brokers for intraday trading helped you in answering your query about which are the top intraday brokers in India for day trading. They are the reputed companies having experience of decades and offer secure and reliable platforms for making the trading easy.
