Best Broker for Intraday Trading in India - Margin, Tips (2024)

FAQs

Which broker is best for intraday margin? ›

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; Lowest Intraday brokerage charges at Maximum Rs.

Motilal Oswal is the best broker to offer intraday trading tips & recommendations. It has a dedicated advisory and researchers team who closely monitor the company's event or news, and gives timely intraday trading tips to customers. Its dedicated customer care team regularly assists customers at every point of time.

Options Master stands out as the premier intraday stock tips provider in India, dedicated to assisting traders in maximizing their returns.

Zerodha: Zerodha is a leading discount brokerage platform known for its transparent pricing and user-friendly interface. While it doesn't offer the highest leverage, Zerodha provides up to 20 times intraday leverage on select stocks.

Edelweiss gives the highest margin for cash, F&O, and CDS segments, especially with Elite Plan. In this plan, the margin varies from clients to clients depending upon various factors. Edelweiss also provides an equity delivery margin up to 10 times.

Leverage for any stock, ETF, currency, and commodity is the reciprocal of margin multiplied by 100. That simply means that it is expressed as a ratio of the margin percentage. The leverage here would thus be 5x, meaning you can buy ₹ 5000 worth of shares on leverage if the market price of the stock is ₹ 1000.

Rakesh Jhunjhunwala

Over the years, he has made several successful investments and is known for his expertise in picking stocks.

Does Zerodha give tips? ›

Does Zerodha provide tips and advice? Zerodha does not provide tips, money management services, or advisory services. If any unsolicited advisory or stock tip via SMS, call or email was received from someone claiming to be from Zerodha, report the same by creating a ticket with the details.

Zerodha provides up to 5 times (20% margin) leverage for intraday using Margin intraday square off (MIS) and Cover Order (CO) for equity. With ₹1 lakh, stocks can be bought or sold for intraday up to ₹5 lakhs.

Since you don't carry the position overnight, we provide you a margin or leverage of between 3 to 20 times on around 150 liquid stocks to trade for intraday. You can trade intraday at Zerodha with leverage by using these 2 product types while taking a trade.

Margin for Equity intraday trades

Pay 20% upfront margin of the transaction value to trade in cash market segment. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide notice no. 20200731-7 (BSE) and circular no.

Of the 10 firms studied in IBD's ninth annual survey of online brokerage customers, the five Best Online Brokers for Margin Investing/Margin Interest Rate were Tastyworks, Interactive Brokers, Robinhood, Charles Schwab and TD Ameritrade.

Interactive Brokers (IBKR) has made having the lowest margin rates a key selling point. Interactive Brokers margin rates are consistently lower than the industry averages at every level.