Last updated on 10th Aug 2020
by Team Top Share Brokers
Options is a derivatives product. An Option is a contract that gives the right, but not an obligation, to buy or sell the underlying on or before stated date and at a stated price. While buyer of option pays the premium and buys the right, writer/seller of option receives the premium with obligation to sell/ buy the underlying asset, if the buyer exercises his right.
To choose the best broker for options trading in India, one needs to consider below points:
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 10 or 20 which means you actually saving almost 15 to 20 times on brokerage. You reach your breakeven close to your buying price with a discount broker.
With above given points we have listed Top 5 Stock Brokers for Option Trading in India or The Best Brokers for Options Trading in India.
Zerodha Pi: There is no trading software like Zerodha's Pi in India. Pi is a very fast and packed with advanced charting, alerts, Analysis, Back-testing, and you-name-it feature.
Zerodha Kite: Robust and most advanced 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 Options Trading: Upstox gives up to 4x margin on writing options on intraday.
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.
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 the broker’s side for taking a position under product type NRML for options trading.
Prostocks Margin Funding: 1x margin on options selling with a monthly plan and 1.5x margin with 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 the FIT plan. Margin Against Shares also available.
Kotak Security Equity Options Trading Brokerage: FIT plan for Rs 999 PA, Free Intraday trading Plan.