Best Brokers for Options Trading in India-2019

Posted on 7th Jun 2018
by Team TopShareBroker


Best Brokers for Options Trading in India

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:Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.

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:100% refundable account opening fee as brokerage cashback, Zero charges for equity delivery trades, Flat Rs 20 for equity intraday, F&O, currency and commodities trades.


Rated-4/5 Overall

Fyers Logo
Read the Fyers Review

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.

Special Offer:Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage) + Rs 20 Max Trade in all other segments.


Rated-4/5 Overall

ProStocks Logo
Read the ProStocks Review

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.

Special Offer:Free Trading & Demat Account (for limited time only) + ProStocks offer FREE Trading + Demat Account(NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.


Rated-4/5 Overall

5paisa Logo
Read the 5paisa Review

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.

Special Offer:Open 5Paisa Trading Account and get FREE Mutual Fund Account, FREE 1st yr DP AMC, Trade @flat Rs.10 per order, Invest in Direct Mutual Funds.

Kotak Securities

Rated-4/5 Overall

Kotak Securities Logo
Read the Kotak Securities Review

Kotak Security Tools: Kotak Security KEAT Pro X, The kotak Stock Trader Mobile App and 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.

Special Offer:Get Kotak Securities 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.

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