FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Intraday trading is the most popular trading segment where a trade position is closed on the same trading day. Among hundreds of brokers, which one is the best broker for day trading depends on several factors, such as intraday brokerage, margin or exposure, etc. If you are an intraday trader, we have compiled a list of the top 10 best intraday trading brokers.
In intraday trading or day trading, as the name suggests, all open trading positions are closed at the end of the trading session. In other words, a trader does not carry over his trades to the next trading day.
Day trading can be done in all segments, including stocks, equity derivatives, F&O contracts for commodities and currencies. A day trader buys stocks and F&O contracts and sells them before the market closes at 3:30 pm.
Traders place margin intraday square-off orders (MIS) to place an intraday order and the executed order is visible in the positions. Intraday traders book profits from small price movements in stocks.
Day trading is possible in both ways, as intraday traders can buy stocks first and sell later at a higher price, or even place a sell order first and buy later at a lower price.
For example, you are bullish on a company, so you bought 100 shares at 500 rupees. Assuming the price rises to 520 rupees by the end of the day, you can sell the shares and book a profit of 20 rupees per share.
On the other hand, if a stock price is expected to move downward, you can sell the shares first at a price of, say, 500 rupees and then buy them back at a lower price, say, 485 rupees, and book a profit of 15 rupees per share. This is called short selling. A stock is expected to fall due to negative sentiment, excessive selling pressure, or negative news.
If a trader does not close all of his intraday positions by the end of the trading session, your broker will close the positions on your behalf. You will have to pay auto square-off charges for this service.
Every stock broker, whether it is a full-service broker or a discount broker, offers intraday trading services to its clients, so the question is which broker is good Check these features to find the best day trading broker;
Here is a curated list of the 10 best brokers for intraday trading.
Broker | Intraday Brokerage | Intraday Trading calls | Review | Request Callback |
---|---|---|---|---|
Zerodha | 0.03% or Rs 20 whichever is lower | No | Open Account | |
Upstox | 0.05% or Rs 20 whichever is lower | No | Open Account | |
ProStocks | Flat Fee Rs 15 | No | Open Account | |
Paytm Money | 0.05% or Rs 20 whichever is lower | No | Open Account | |
Nuvama Wealth | Flat Rs. 10 per executed order | Yes | Open Account | |
Groww | 0.05% or Rs 20 whichever is lower | No | Open Account | |
Zerodha Trade@20Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account | ||||
Fyers | 0.03% or Rs 20 whichever is lower | No | Open Account | |
Angel One | 0.03% or Rs 20 whichever is lower | Yes | Open Account | |
Alice Blue | 0.05% or Rs 15 whichever is lower | No | Open Account | |
5paisa | Flat Fee Rs 20 | Yes | Open Account |
Pros | Cons |
|
|
ProStocks is the best discount broker for day trading, especially if you are a frequent day trader who places multiple trades every month. Its unlimited monthly trading plan will cost you absolutely no brokerage fees for intraday trades if you pay Rs 899 per month. You can also trade at a flat brokerage plan that charges only Rs 15/order brokerage for intraday trades.
Zerodha can be ranked second due to its maximum brokerage fee of Rs 20 and feature-rich kite platform. However, beginners looking for intraday trading tips can open an account with Angel One. The broker charges a maximum Rs 20 brokerage on day trading and offers day trading tips.
Zerodha, Upstox, Angel One, Sharekhan, Fyers are a few of the top intraday trading brokers that offer online trading at Rs. 20 per order flat brokerage charges. Among all, Zerodha is the best broker for day trading based on the following facts;
Yes, ProStocks is a popular discount broker for zero brokerage unlimited monthly trading plans. Intraday trading with ProStocks is available at just Rs 15 flat charges in the regular plan while if you are a frequent day trader then it provides monthly equity intraday and derivative trading plan (Rs 899/month) to facilitate intraday trading at zero brokerage.
Day traders can trade using the ProStocks Star app and installable desktop trading terminal. Real-time charting, 7 days intraday trading chart, bracket order, cover order, basket order, etc. are the top trading features available on the platform for intraday traders.
Upstox charges Max Rs. 20 per order brokerage on intraday trading in equity, derivatives, commodity, and currency segment. You can open Upstox Trading & Demat Account and start day trading across segments to avail following benefits;
Kotak Securities Trade Free Plan charges Zero brokerage on intraday trading across segments – equity, equity Derivatives (F&O), commodity, and currency. It means intraday traders have to pay Rs. 0 brokerage fee on all intraday trades executed. Customers can also get free access to market research and Top Stock Picks by experts. Users can start intraday trading through the Kotak Stock Trader app, Trade Smart Terminal, or a trading website.
Intraday trading is subject to significant risks as you can even lose full money invested so you must think carefully before trading. First-time day traders must choose full-service brokers who offer intraday trading tips, research, & recommendations to assist users in selecting the right stock for intraday trading.
Angel One (Rs. 20/order) and Edelweiss Securities (Rs. 10/order) offers flat-brokerage intraday trading, whereas Motilal Oswal and HDFC Securities charge 0.05% brokerage on intraday trading services.