Posted on 7th Jun 2018
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.
Fyers Trading Platform: Fyers Web, Fyers One desktop terminal, Fyers Markets - Mobile App.
Fyers Equity Options Trading Brokerage: Rs 20 per executed order.
Fyers margin for Options: Fyers offers 4x intraday margin for Options Selling and 1.3x margin for Option Buyers – CO on Nifty Near-Month contracts.
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 a 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 a position under product type NRML for options trading.
Prostocks Margin Funding: 1x margin on options selling with monthly plan and 1.5x margin for Rs 15 Plan.
5paisa Tools: 5paisa Trade Station, Mobile App and 5paisa trade web based trading platform.
5paisa Margin Funding: 2x margin on options selling.
5paisa Margin Funding: margin Funding available with 18% interest PA.
5paisa Equity Options Trading Brokerage : Brokerage for option trading is Rs 10 per executed order.
Kotak Security Tools: Kotak Security KEAT Pro X, The kotak Stock Trader Mobile App and KotakSecurity.com and Xtralite web based trading platform.
Kotak Security Margin Funding: 2x margin on options selling.
Kotak Security Margin Funding: Margin Funding available, Super Mulitple - up to 50 times margin, not included in FIT plan.Margin Against Shares also available.
Kotak Security Equity Options Trading Brokerage : FIT plan for rs 1000 PA, unlimited trading.