Best Brokers for Options Trading in India-2018

Options are derivatives products. To choose best broker for option trading in India, one need to consider below points:

  1. The broker should be best in terms of technology, tools and platform for trading. You are most likely trading using charts and technical analysis and you are looking at trading using options strategies which includes buying & selling of options. Then you need a broker that provides you the best trading platform where you can analyze charts using various tools & charting indicators. The platform should be advance enough to open multiple charts simultaneously & trade real-time with a single click.
  2. There should be latest and advance mobile trading app for quick action on buying and selling. It should have almost all features that are available on any desktop trading software, so you really don’t need to be in front of PC to trade.
  3. Margin is very important for small traders to take higher positions. Your broker should provide you a decent margin for taking position in options.
  4. Brokerage should be low so you do not end up paying most of your profit in brokerage. There are brokers who charge from Rs 15 per lot to Rs 100 per lot for options. Paying brokerage per lot means suppose if you buy 20 lot of Reliance, then you have to pay Rs 2000 as brokerage for options. Popular full service brokers charge brokerage as follows:

      ICICIDirect : RS 35 to Rs 95 per lot.

      ShareKhan: Rs 100 per lot

      Angel Broking: Rs 60 per lot

      Karvy : Rs 50 per lot

      HDFC Securities : Rs 100 per lot

    Discount brokers charge on per executed order and not on lot size, so If  you are trading 20 lots at once, even though you have to pay only Rs 15 or 20 which means you actually  saving almost 15 to 20 times on brokerage.  You reach your breakeven close to your buying price with discount broker.

  5. You should get timely alerts to ensure that you opt out of trade to book profit or limit loss.


Rated-4.5/5 Overall

Zerodha Logo
Read the Zerodha Review

Zerodha Pi: There is no trading software like Zerodha's Pi in India. Pi is very fast and packed with advanced charting, alerts, Analysis, Back-testing and you-name-it feature.

Zerodha Kite: Robust and most advance browser based trading app and mobile app.

Zerodha Equity Options Trading Brokerage: Rs 20 per executed order.

Zerodha margin for Options: Zerodha offers 3 times or 40% of NRML margin.

Special Offer:Special Offer:Take part in Zerodha 60 day challenge and get brokerage reversal* upto Rs 6000. Sign up now .

Upstox (RKSV)

Rated-4.5/5 Overall

Upstox (RKSV) Logo
Read the Upstox (RKSV) Review

Upstox Pro: Upstox pro is also advance trading platform by RKSV.Upstox Pro is very fast and packed with advanced charting, alerts, Analysis, Back-testing and you-name-it feature. Available in Web as well as mobile app version.

Upstox Equity Options Trading Brokerage: Brokerage for option trading is Rs 20 per executed order.

Upstox Margin for Option Trading: Upstox gives upto 4x margin on writing options on intraday.

Special Offer:Zero Account Opening Fee.Get the offer.


Rated-4/5 Overall

ProStocks Logo
Read the ProStocks Review

Prostocks Brokerage: ProStocks monthly plan of Rs 899 for trading in equity cash and derivative segment on NSE is ideal from brokerage point of view however exchange stipulated margin money is required to take the position. No additional leverage is given from broker’s side for taking position under product type NRML for option trading.

Special Offer:Free Life time Demat AMC & Trading AMC for limited time.Sign up now.


Rated-4/5 Overall

TradingBells Logo
Read the TradingBells Review

TradingBells Tools: ODIN Desktop, Web and mobile app.

TradingBells Margin: 7 times leverage for trading intraday in derivative segment using cover order (CO).

TradingBells Equity Options Trading Brokerage : Brokerage for option trading is Rs 20 per executed order.

Special Offer:

Earn upto 20% when you refer your friend

Enquire Trading Account:

Are you a day trader?

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

Paperless account opening*

Fix Price - Rs 15 Per Trade
Rs 899/Month,8999/Year for
Equity Cash and F&O
Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
*Except PoA and Nomination form

Get FREE Trading + Demat Acct

Zerodha  Zerodha

e-Aadhar base account opening

Free Delivery trading

Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity



Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)


angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction


Sub brokers by name

Hyderabad Rajkot Chennai Jaipur

Sub brokers by name

Indore Lucknow Nagpur Ludhiana

Sub brokers by name

Allahabad Kanpur Patna Ernakulam