There are many different brokers in India that offer intraday trading. But the problem is how to decide which is the Best Broker for Intraday in India.
Undoubtedly, everything that you want to select as the best depends upon your individual needs and preferences.
But yes, I can surely help you to decide how to choose the best broker for intraday in India and which are the best broker for intraday in India based on the ranking. It will surely help you to make an informed decision.
Which broker is best for intraday in India?
So, I have considered the below factors to choose the best broker for intraday in India. Consider these basic and necessary aspects and then check our comparison table to make a quick decision.
Brokerage Charges: Intraday trading is already risky and having a high brokerage on multiple trades can make intraday expensive, so it is important to choose a broker with low brokerage fees. Brokers have different brokerage models like flat brokerage charges, percentage-based brokerage charges, etc. It is advisable to choose Low-cost day trading at the cheapest flat brokerage model.
Trading Platform: The trading platform should be user-friendly and have all the features you need for intraday trading. You must be able to apply Trading Indicators easily. Choose the broker providing free trading platforms with charting and indicators for technical analysis.
Research Reports: A good broker will offer access to research and analysis to help you make informed trading decisions. Many brokers offer research reports, Intraday trading tips and research, trade calls, market analysis reports, etc. to their clients. Yes, they charge extra costs for the research reports.
Margin/Leverage Exposure: Margin trading allows you to trade with more money than you have in your account. This can be a great way to increase your profits, but it also increases your risk. Different brokers offer different margins; it can be up to 5X, 10X, and so on.
Customer Support: It is important to choose a broker with good customer support in case you have any problems with your trading account.
Ranking for Best Broker for Intraday in india – Comparison chart
| Broker | Brokerage Charges | Trading Platforms | Research & Analysis | Margin/Exposure | Customer Support |
| Zerodha | Rs. 20 or 0.03% (whichever is lower) | Kite, Console | Market Insights, Technical Analysis | 3x to 5x margin | Phone, Email, Live Chat |
| Upstox | Rs. 20 or 0.05% (whichever is lower) | Pro Web, Upstox Pro Mobile | Research Reports, Trading Tools | Up to 5x margin | Phone, Email, Live Chat |
| Angel One | Rs. 20 or 0.25% (whichever is lower) | Angel Broking App | Research Reports, Expert Advice | Up to 5x margin | Phone, Email, Live Chat |
| 5Paisa | Flat Fee per Trade of Rs. 20 | 5Paisa Trade Station, 5Paisa App | Research Tools, Investment Ideas | 1x to 5x margin | Phone, Email, Live Chat |
| TradeSmart Online | 0.007% | NEST Trader, SINE Mobile | Technical Analysis, Research Reports | 1x to 5x margin | Phone, Email, Live Chat |
| FYERS | Rs. 20 or 0.03% (whichever is lower) | FYERS Web, FYERS Markets App | Advanced Charts, Technical Analysis | Up to 5x margin | Phone, Email, Live Chat |
| Groww | Rs. 20 or 0.05% | Groww App | Basic Market Insights | Up to 5x margin | In-App Chat, Email Support |
7 Best Broker for Intraday in India 2024
1. Zerodha Intraday trading Broker
Zerodha: Zerodha is the most popular discount broker for intraday in India. They offer very low brokerage fees for intraday trading, and their trading platform is known for being fast and reliable. Zerodha has over 1+ Crore clients placing millions of orders every day. They have powerful trading platforms, contributing over 15% of all Indian retail trading volumes.
Zerodha is currently at rank 1 through its innovation, practical approach, and low brokerage charges. You can check My Honest Reviews on Zerodha in Detail.
Zerodha Account opening and AMC charges
| Equity trading and demat account | Rs. 200 |
| Commodity account | Rs. 100 |
| Annual maintenance charge (AMC) | Rs. 300 |
Zerodha Brokerage Charges for intraday trading
| Equity delivery | Free |
| Equity Intraday, F&O, and Currency trades | Flat Rs. 20 or 0.03% (whichever is lower) per executed order on intraday trades |
| Option trades | Flat Rs. 20 |
Zerodha margin (leverage) for intraday trading
| Zerodha Margin | Zerodha offers 3x to 5x margin/leverage on intraday trading |
| Zerodha Margin Calculator | Try Zerodha Margin Calculator for intraday trading |
Check in Detail Brokerage Charges: Zerodha Brokerage Charges, Fees, AMC, Transaction Charges 2024
Zerodha Trading Platforms
- Kite Web Platform,
- Kite mobile App,
- Kite Connect API,
- Console,
- Pi,
- Sentinel,
- Coin
Join 1+ crore investors who invest smarter with Zerodha.
2. Upstox
Upstox is ranked at number 2 in the list of best broker for intraday in India. The broker is backed up by Ratan Tata Sir. It is also a discount broker like Zerodha. They offer similar features and benefits like Zerodha, the differentiation is in their trading platforms only. Currently, upstox and zerodha are giving tough competition in best stock brokers ranking.
Upstox offers multiple trading tools to cater to different trading styles and preferences. Their user-friendly interface makes it accessible to beginners, while advanced traders can utilise the platform’s technical analysis tools and charts to make informed decisions. The startup also became a unicorn in 2021 with a valuation of over $3 Billion.
Learn More: How To Do Intraday Trading in Upstox (New App) | Upstox Me Trading Kaise Kare
Upstox Account opening charges
| New Account Opening | Zero |
| Trading + Demat Account Maintenance Charges | Zero |
Upstox Brokerage Charges for intraday trading
| Equity Intraday, F&O, Currency & Commodity | Rs. 20 or 0.05% (whichever is lower) per order on Stocks |
| Equity Delivery | Rs. 20 or 2.5% (whichever is lower) per order on Stocks |
Upstox margin (leverage) for intraday trading
| Upstox Margin | Upstox offers 5x margin/leverage on intraday trading |
| Upstox Margin Calculator | Try Upstox Margin Calculator for Intraday Trading |
Upstox Trading Platforms
- Upstox Pro Web Trading Platform,
- Bridge for AmiBroker,
- Developer Console,
- Option Chain Tool,
- Upstox MF Platform
Trading Twists! Uncover the Hidden Depths of Zerodha vs. Upstox
In case you are looking to Transfer Shares From Upstox To Zerodha Online (2024)?
3. Angel One
AngelOne is a full-service Best Broker for Intraday in India. They offer a wider range of products and services than discount brokers. Hence, their brokerage fees are also higher. Angel One serves as a valuable resource for both beginners and experienced investors.
Earlier, Angel Broking was working on the percentage brokerage. However, they changed their business model from percentage brokerage to flat rates due to the high competition from other brokerage firms like Zerodha, 5Paisa, Upstox, etc.
You can go with the ‘Angel iTrade PRIME’ plan that offers a flat rate brokerage plan. One of the major advantages of AngelOne broking demat accounts is they provide personalised guidance/ recommendations/ research reports on companies and various other add-on services for daily trading.
Angel One Account opening charges
| AngelOne Trading account opening charges | Rs. 36.48 |
| AngelOne Demat account opening | Rs. 450+ Rs. 50 – POA + applicable GST and education cess, approx comes to Rs. 500 every year |
| AMC charges (Yearly rate) | Rs. 450 |
| AMC charges (Lifetime) | Rs. 2950 |
Angel One Brokerage Charges for intraday trading
| Stock Investments | Zero |
| Intraday Trading | Rs. 20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Futures | Rs. 20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Options | Rs. 20 / Executed Order Or 0.25% (Whichever Is Lower) |
Angel One margin (leverage) for intraday trading
| AngelOne Margin | AngelOne offers 5x margin/leverage on intraday trading |
| AngelOne Margin Calculator | Try AngelOne margin calculator for Intraday Trading |
Angel One Trading Platforms
- Angel iTrade,
- Angel Broking Mobile App,
- Angel BEE,
- Angel SpeedPro,
- Angel Swift
Is Angel Broking Better Than Zerodha? Zerodha Vs Angel Broking 2024
4. 5paisa
5paisa is another discount broker that offers low brokerage fees for intraday trading. 5Paisa is a part of IIFL (India Infoline) and offers the cheapest stock brokerage in India. 5Paisa also offers advisory reports and recommendations. However, we have observed on the basis of customer reviews that their customer support is not that much responsive.
5Paisa Account opening charges
| Account opening charges | Zero |
| Demat Maintenance Charges | Rs. 0 if your holding value is less than Rs. 50,000 up to 1 Demat account. Rs. 8 if your holding value is Rs. 50,000 to Rs. 2,00,000 up to 1 Demat account. Rs. 25 if your holding value is above Rs. 2,00,000 up to 1 Demat account. Rs. 25 if your holding value is less than Rs. 2,00,000 & number of Demat accounts across brokers is more than 1. |
5Paisa Brokerage Charges for intraday trading
| Segment type | Regular Account | Power Investor | Ultra Trader |
| Brokerage free trades | N/A | N/A | 100 |
| Brokerage on equity | Rs. 20 | Rs. 10 | Rs. 0 |
| Brokerage on other segments | Rs. 20 | Rs. 10 | Rs. 0 |
5Paisa margin (leverage) for intraday trading
| Segment | Margin | Leverage |
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
| 5Paisa Margin calculator | Try 5Paisa Margin calculator for Intraday Trading |
5Paisa Trading Platforms
- Investor terminal web platform,
- Trader terminal,
- 5Paisa share trading mobile app
- 5 paisa trade station
5. Trade Smart Online
TradeSmart Online is an online discount brand of VNS financial services limited. The broker offers two different trading plans:
- Value pack (Ideal for smaller trade size)
- Power pack (Ideal for bigger trade size)
You can choose any of them based on your requirements. Definitely, the brokerage charges vary based on the plan you choose.
Trade Smart Online Account opening charges
| Particulars | Charges |
| Account opening charges | Free* |
| Annual Maintenance Charges (AMC) | Rs. 0 (for the first year) |
Trade Smart Online Brokerage Charges for intraday trading
| Value pack (Ideal for smaller trade size) | |
| Intraday Cash, Futures, Currency, Commodities | 0.007% |
| Delivery | 0.07% |
| Options | Rs 7 per lot |
| Power pack (Ideal for bigger trade size) | |
| Brokerage | Rs. 15 per executed order, regardless of the trade size or segment |
Trade Smart Online margin (leverage) for intraday trading
| Trade Smart Online Margin | Groww offers intraday exposure of up to 5x on Equities, 1x on F&O, Currency and Commodities. |
| Trade Smart Online Margin Calculator | Try TradeSmart Online Margin calculator for Intraday Trading |
Trade Smart Online Trading Platforms
- NEST Trader,
- Sine Mobile App,
- NOW Trading Platform,
- NSE NOW Mobile App
6. Fyers
Fyers is a relatively new but yet Best Broker for Intraday in India that is quickly gaining popularity. They offer low brokerage fees and a high-performance trading platform.
Fyers Account opening charges
| Fyers Account Opening | Zero |
| Fyers Demat Annual Maintenance Charges (AMC) | Zero |
Fyers Brokerage Charges for intraday trading
| For Delivery | Zero brokerage for Equity Delivery, ETFs, Thematic & Mutual Funds |
| For Intraday | Rs. 20 or 0.03% per executed order, whichever is lower |
| For Options | Flat Rs. 20 per executed order |
| For Futures | Rs. 20 or 0.03% per executed order, whichever is lower |
Fyers margin (leverage) for intraday trading
| Fyers Margin | Fyers offers up 5x margin for intraday |
| Fyers Margin Calculator | Try Fyers margin calculator for Intraday Trading |
Fyers Trading Platforms
- Fyers One (Trading Terminal),
- Fyers Markets (Mobile Trading App),
- Fyers Web Trader,
- Thematic investments
7. Groww
Groww is becoming really popular for investing and trading in India and that’s why it is on our list of Best Broker for Intraday in India. Groww is a stock broking app that offers a simplified trading experience for intraday traders. It is a good option for beginners who are looking to start intraday trading. Groww offers a variety of features that are suitable for intraday traders, including user-friendly trading platform, Low brokerage fees, Access to research and analysis, and Margin trading.
Groww Account opening charges
| New Account Opening | Zero |
| Trading + Demat Account Maintenance Charges | Zero |
Groww Brokerage Charges for intraday trading
| Equity brokerage | Rs. 20 or 0.05% per executed order, whichever is lower |
| Futures & Options Brokerage | Rs. 20 per executed order |
Groww margin (leverage) for intraday trading
| Groww Margin | Groww offers 5x margin on intraday trading |
| Groww Margin Calculator | Try Groww Margin Calculator for Intraday Trading |
Groww Trading Platforms
- Groww App
- Grow Trading Platform
- Groww Learn
- Groww Stocks
Also Check: Groww vs Zerodha Broker Comparison | Is Zerodha Better Than Grow?
How to Do Intraday Trading in Groww App 2024 | Groww App Se Intraday Trading Kaise Kare
Additional tips to choose the best broker for Intraday in India
Here are some additional tips for choosing the best broker for intraday trading in India:
Read Reviews: Before you open an account with any broker, read reviews from the customers. This will give you a good idea of the broker’s reputation and their services.
Compare Features: Make sure to compare the features offered by different brokers before you make a decision. Some things to consider include the trading platform, brokerage fees, margin requirements, and customer support.
Get a Demo Account: Most brokers offer demo accounts that allow you to trade with virtual money. You can ask for a demo account to test out a broker’s platform and services before opening a trading account.
Start Small: If you are new to intraday trading, it is best to start small. This will help you to manage your risk and learn the ropes. Once you have more experience, you can gradually increase your trading size.
Zerodha, Upstox, and Groww Comparison 2024
Conclusion
In conclusion, selecting the best broker for intraday trading in India depends on several factors, including your trading style, preferences, and requirements. Each of the brokers mentioned in the comparison chart of Best Broker for Intraday in India – Zerodha, Upstox, Angel One, FYERS, 5Paisa, Groww, and TradeSmart Online – offers a unique set of features and services tailored to cater to different types of traders.
It’s recommended to thoroughly research each broker’s features, read user reviews, and ask for the demo accounts to make an informed decision that aligns with your trading goals.
Frequently Asked Questions
Which brokerage is best for intraday?
Zerodha, Upstox, and Angel One are the best for intraday trading due to their user-friendly platforms, low brokerage, and reliable customer service.
How to Select the Best Broker for Intraday in India?
Select the Best Broker for Intraday in India based on Trading Platform, Brokerage Charges, Margin/Exposure, Research and Analysis, and Customer Support
Which broker gives the highest margin for intraday?
Zerodha and FYERS offer higher margins for intraday trading.
Which broker is free for intraday?
Shoonya Finvasia broker offers free intraday trading. However, there are always costs involved due to brokerage charges and other fees. Brokers like Zerodha and Upstox offer relatively low brokerage charges.
Best Broker for Intraday in India
Zerodha, Upstox, and Angel One are best brokers for intraday in India due to their combination of user-friendly platforms, competitive pricing, and useful research tools.
