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