Intraday trading or day trading involves the buying and selling of stocks within the same trading day. In intraday trading you need to close all the open trading positions (buy or sell) before the market closes for the day.
If you fail to close your position by the agreed intraday square-off time, the broker will automatically square off all the open positions by selling or buying the same stock in the same quantity.
You can do intra-day trading in all the segments including Equity, Equity F&O, Currency F&O and Commodities F&O.
Quick Comparison of Stock Broker with Lowest Brokerage Charges for Intraday Trading in India
| Brokers | Maximum Brokerage Charges for Equity Intraday | Maximum Brokerage Charges for Equity Futures | Maximum Brokerage Charges for Equity Options | Maximum Brokerage Charges for Currency Future | Maximum Brokerage Charges for Currency Options | Maximum Brokerage Charges for Commodity Future | Maximum Brokerage Charges for Commodity Option |
| Kotak Securities | Zero | Zero | Zero | Zero | Zero | Zero | Zero |
| Edelweiss (Nuvama) | Rs 10 | Rs 10 | Rs 10 | Rs 10 | Rs 10 | NA | NA |
| Paytm Money | Rs. 15 | Rs. 15 | Rs. 15 | NA | NA | NA | NA |
| ProStocks | Rs. 15 | Rs. 15 | Rs. 15 | Rs. 15 | Rs. 15 | NA | NA |
| Alice Blue | Rs.15 | Rs.15 | Rs.15 | Rs.15 | Rs. 15 | Rs.15 | Rs.15 |
| Zerodha | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 |
| Upstox | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 |
| Next Billion (Groww) | Rs. 20 | Rs. 20 | Rs. 20 | NA | NA | NA | NA |
| Angel One | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 |
| 5paisa | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 | Rs. 20 |
Top 10 Brokers with Lowest Brokerage Charges for Intraday Trading in India
#1. Kotak Securities
Kotak Securities is a full service stock brokerage firm known for its competitive pricing and a wide range of investment services. With zero brokerage charges for intraday trading across all segments, it offers a cost-effective solution for you.
Additionally, Kotak securities also offers zero demat account opening charges. However, you need to pay Rs. 600 annually for demat AMC fees.
Kotak Securities provides multiple trading platforms to cater to your needs, including –
- Website-based trading platform for convenient access,
- Trading terminals like KEATProX and FASTLANE for fast and feature-rich trading
- Mobile app for on-the-go trading, portfolio monitoring, and real-time market data.
Incorporated in 1994, Kotak Securities is a trustworthy broker in India and a corporate member of NSE and BSE. They provide depository services through both NSDL and CDSL.
With a focus on reliability and customer service, Kotak Securities offers a dedicated support team to promptly address your queries and concerns, ensuring a smooth trading experience.
Kotak Securities Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 0 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 600 Annually |
Intraday Trading Brokerage Charges for Kotak Securities –
| Segments | Intraday Trading Brokerage Charges of Kotak Securities |
| Equity Intraday | Zero |
| Equity Futures | Zero |
| Equity Options | Zero |
| Currency Futures | Zero |
| Currency Options | Zero |
| Commodity Futures | Zero |
| Commodity Options | Zero |
#2. Edelweiss (Nuvama)
Edelweiss (Nuvama) is a leading full-service stockbroker that offers flat Rs. 10 lowest brokerage charges for intraday trading. Edelweiss provides online and offline trading and investment services across Equities, F&O, and Currency Derivatives.
However, It’s important to note that Edelweiss does not provide intraday trading facility in commodity F&O. In addition to trading, you can also invest in IPO, Mutual Funds, and Insurance.
Edelweiss (Nuvama) provides two brokerage plans to cater to different trading preferences.
- Nuvama Lite Plan
- Nuvama Elite Plan
Nuvama Lite Plan – Under the Nuvama Lite Plan, you get the benefit from flat brokerage charges of Rs 10 per executed order across all segments, ensuring cost-effectiveness and transparency.
Nuvama Elite Plan – Nuvama Elite Plan offers percentage-based brokerage charges based on the transaction value for Cash Equity and Futures, and per lot basis for Options.
This allows you to choose a plan that aligns with your trading style and preferences.
Nuvama (Edelweiss) Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 0 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 500 Annually (Free for 1st Year) |
Intraday Trading Brokerage Charges
| Segments | Brokerage Charges under Nuvama Lite Plan | Brokerage Charges under Nuvama Elite Plan |
| Equity Intraday | Rs 10 per executed order | 0.03% |
| Equity Futures | Rs 10 per executed order | 0.03% |
| Equity Options | Rs 10 per executed order | Rs 75 per lot |
| Currency Futures | Rs 10 per executed order | 0.02% |
| Currency Options | Rs 10 per executed order | Rs 20 per lot |
| Commodity Futures | NA | NA |
| Commodity Options | NA | NA |
#3. Paytm Money
Paytm Money is an online discount broker that offers fixed brokerage model. Paytm Money charges a flat Rs 15 or 0.05% (whichever is lower) per executed order for intraday trading.
The maximum brokerage chargeable per order across all segments is Rs 15. Additionally, you need to pay Rs. 20 for auto square off trading positions.
You can also invest in mutual funds with zero brokerage charges. Apart from stocks, F&O, and mutual funds, you can also invest in Digital gold, ETF, IPO, and NPS retirement funds.
Paytm Money offers free demat account opening with zero AMC charges. However, you need to pay a monthly platform fee of Rs 30, which is Rs 360 per annum. This fee is similar to the annual maintenance fee charged by other stockbrokers, making the zero AMC fee is like a bluff.
Paytm Money provides its own trading platform called Paytm Money (web and mobile trading app) that offers a seamless trading experience to you. The app ensures a safe and secure environment with bank-level data security measures.
Paytm Money Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 0 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 0 |
Intraday Trading Brokerage Charges for Paytm Money –
| Segments | Intraday Trading Brokerage Charges For Paytm Money |
| Equity Intraday | Rs. 15 or 0.05% per executed order whichever is lower |
| Equity Futures | Rs. 15 or 0.05% per executed order whichever is lower |
| Equity Options | Rs. 15 or 0.05% per executed order whichever is lower |
| Currency Futures | Not Applicable |
| Currency Options | Not Applicable |
| Commodity Futures | Not Applicable |
| Commodity Options | Not Applicable |
#4. ProStocks
Founded in 2016, ProStocks is a new player in the broking industry, offering highly competitive brokerage charges for intraday trading. With a flat brokerage rate of Rs. 15 per executed order for intraday trading and zero AMC charges, ProStocks provides cost-effective trading services.
You can trade in stocks for both delivery & intraday, equity F&O, and currency F&O. You need to select the best stock for intraday trading. However, ProStocks does not currently support commodity F&O trading or investment in mutual funds.
If you trade in large numbers then you can get the benefit of unlimited monthly and yearly trading plans. These plans provide unlimited trading in specific segments at a fixed price.
The unlimited trading brokerages are under –
| Trading Segments | Unlimited trading in an exchange for a month |
| Equity (delivery & intraday) and Equity Derivatives | Rs. 899 per month |
| Currency Futures and Options | Rs. 499 per month |
The best part of the ProStocks is Rs. 0 charges for demat account opening and annual maintenance. However, you need to deposit a refundable Rs. 1000 fee upfront at the time of account opening, which is refunded upon account closure.
ProStocks offers decent desktop, web-based, and mobile app-based trading platforms. The unique feature is that you can place orders right from the charts in the bulk trade watch and stock action watch.
However, there are no other value-added products like Screeners, stock reports, other research reports or alert tools available even for purchase.
Prostocks Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 0 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 0 (Free for lifetime with Rs 1000 one time refundable deposit) |
Intraday Trading Brokerage Charges for Prostocks-
| Segments | Intraday Trading Brokerage Charges For Prostocks |
| Equity Intraday | Rs. 15 Per Executed Order |
| Equity Futures | Rs. 15 Per Executed Order |
| Equity Options | Rs. 15 Per Executed Order |
| Currency Futures | Rs. 15 Per Executed Order |
| Currency Options | Rs. 15 Per Executed Order |
| Commodity Futures | Not Applicable |
| Commodity Options | Not Applicable |
#5. Alice Blue
Alice Blue is a Bangalore-based discount stock broker providing you with a wide range of trading and investment services. Alice Blue caters to various segments such as Equities, F&O, Currency, Commodities, Mutual Funds, and IPO.
The best features of Alice Blue is that it offers a simple and cost-effective brokerage plan called Freedom 15 (F15).
Under this plan, you can enjoy the benefit of low brokerage charges of Rs 15 per order or 0.1% of the trade value, whichever is lower for equity intraday trading and futures. Additionally, for options trading, Alice Blue offers a flat brokerage charge of Rs 15 per order.
You can open the demat account with Alice Blue for free of cost, but you need to pay a demat AMC fee of Rs. 400.
Alice Blue Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 150 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 400 |
Intraday Trading Brokerage Charges for Alice Blue –
| Segments | Intraday Trading Brokerage Charges For Alice Blue |
| Equity Intraday | Rs.15 per order or 0.05% whichever is lower |
| Equity Futures | Rs.15 per order or 0.05% whichever is lower |
| Equity Options | Flat Rs. 15 per order |
| Currency Futures | Rs.15 per order or 0.05% whichever is lower |
| Currency Options | Flat Rs. 15 per order |
| Commodity Futures | Rs.15 per order or 0.05% whichever is lower |
| Commodity Options | Flat Rs. 15 per order |
#6. Zerodha
Zerodha is one of the most trusted discount brokers in India with more than 64 lakh + client base. Zerodha introduced the flat brokerage system in India by charging Rs. 20 per order for intraday trading. You can invest and trade in the equity delivery with zero brokerage charges.
You can also invest in direct mutual funds without paying any commission to Zerodha. You can use multiple platforms according to your investment needs.
These trading platforms are –
- Zerodha Kite – Minimalist and user-friendly interface for stock trading.
- Zerodha Coin – Invest in direct mutual funds and bonds.
- Console – Invest in IPOs and provides access to trading and investing reports.
Zerodha has also partnered with Sensibul for options trading and Small Case for thematic investing. You can check out how to find the small case promo code.
You can also use more than 100 technical indicators including Fibonacci retracement for quick market movement analysis.
Zerodha has responsive customer support with a ticket resolution window of 48 hours. They also actively engage with users on social media platforms, providing timely assistance and addressing any concerns.
Zerodha offers free demat account opening services. However, Zerodha charges you Rs 300 annually for demat AMC fees. This fee is charged on a quarterly basis, amounting to Rs 75 per quarter.
Zerodha Account Open Charges –
| Segments | Charges |
| Trading & Demat Account Opening Charges | Rs. 200 for online Rs. 300 for commodity |
| Trading AMC Charges | Rs 0 |
| Demat AMC Fees | Rs 300 |
Intraday Trading Brokerage Charges for Zerodha –
| Segments | Intraday Trading Brokerage Charges For Zerodha |
| Equity Intraday | Rs. 20 or 0.03% per executed order whichever is lower |
| Equity Futures | Rs. 20 or 0.03% per executed order whichever is lower |
| Equity Options | Flat Rs. 20 per executed order |
| Currency Futures | Rs. 20 or 0.03% per executed order whichever is lower |
| Currency Options | Flat Rs. 20 per executed order |
| Commodity Futures | Rs. 20 or 0.03% per executed order whichever is lower |
| Commodity Options | Flat Rs. 20 per executed order |
#7. Upstox
Upstox is another popular discount broker firm that offers fixed brokerage charges of Rs 20 per trade for intraday trading.
The best part of Upstox is that it provides you with a free Demat account with lowest 150 AMC fees. You will also get a brokerage credit of Rs 1000 valid for the first 30 days. It’s important to note that this offer is for a limited time and subject to change.
In addition to this, you can also open a 3-in-1 account with Upstox, which combines savings, Demat, and trading accounts into a single account. With a 3-in-1 account, you can transfer funds from a savings account to a trading account and vice versa within just a single click.
Moreover, you can earn interest on the unallocated funds that are not used in the trading account. You can also invest in direct mutual funds, IPOs and digital gold directly from the Upstox trading app.
Upstox Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 0 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 150 |
Intraday Trading Brokerage Charges for Upstox –
| Segments | Intraday Trading Brokerage Charges For Upstox |
| Equity Intraday | Rs. 20 or 0.05% per executed order whichever is lower |
| Equity Futures | Rs. 20 or 0.05% per executed order whichever is lower |
| Equity Options | Flat Rs. 20 per executed order |
| Currency Futures | Rs. 20 or 0.05% per executed order whichever is lower |
| Currency Options | Flat Rs. 20 per executed order |
| Commodity Futures | Rs. 20 or 0.05% per executed order whichever is lower |
| Commodity Options | Flat Rs. 20 per executed order |
#8. Groww
Groww is one of the lowest brokerage demat account charges in India. You can open a free demat account with zero demat AMC fees with Groww.
Groww charges you maximum flat brokerage rate of Rs. 20 per executed order for intraday trading in the equity segment. You can not trade in the commodity and currency segments.
Apart from Indian stocks, you can also invest in US stocks from India. Groww has partnered with ViewTrade Securities for US stock investment. Groww does not charge any commission for investing in US stocks and ETFs.
You can also invest in mutual funds, IPOs and SGBs (Sovereign Gold Bonds) with Groww.
Groww offers you two education platforms –
- Groww Digest – Daily stock market news to keep you updated.
- Groww Academy – Dedicated YouTube channel for self-paced learning.
Groww Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 0 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 0 |
Intraday Trading Brokerage Charges for Groww-
| Segments | Intraday Trading Brokerage Charges For Groww |
| Equity Intraday | Rs. 20 or 0.05% per executed order whichever is lower |
| Equity Futures | Flat Rs. 20 per executed order |
| Equity Options | Flat Rs. 20 per executed order |
| Currency Futures | NA |
| Currency Options | NA |
| Commodity Futures | NA |
| Commodity Options | NA |
#9. Angel One
Angel One is a full-service broker in India that provides you with a simple brokerage plan of maximum Rs. 20 or 0.25% per executed order whichever is lower for equity intraday trading, F&O, Currency, and Commodity. Angel One offers free Equity Delivery trading, allowing you to save on brokerage charges for long-term investments.
You can also enjoy online and offline trading and investment services including IPO, Bonds, and Mutual Funds. Additionally, Angel One provides you advisory services, a margin trading facility, and the option for loans against shares.
Furthermore, Angel One offers the convenience of zero demat account opening charges. However, there is an annual maintenance charge (AMC) of Rs 240 associated with the demat account.
Angel One Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 0 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 240 Annually |
Intraday Trading Brokerage Charges for Angel One Angel iTrade PRIME
| Segments | Brokerage Charges Under Angel One Angel iTrade PRIME |
| Equity Intraday | Rs. 20 or 0.25% per executed order whichever is lower |
| Equity Futures | Rs. 20 or 0.25% per executed order whichever is lower |
| Equity Options | Rs. 20 or 0.25% per executed order whichever is lower |
| Currency Futures | Rs. 20 or 0.25% per executed order whichever is lower |
| Currency Options | Rs. 20 or 0.25% per executed order whichever is lower |
| Commodity Futures | Rs. 20 or 0.25% per executed order whichever is lower |
| Commodity Options | Rs. 20 or 0.25% per executed order whichever is lower |
#10. 5paisa
5paisa is an online discount broker with a simple pricing model of Rs 20 per executed order for intraday trading for all segments and products, irrespective of the transaction size and value.
5paisa has three brokerage plans to cater to different trading preferences:
#1. Basic Pack (standard plan)
This plan charges you flat brokerage of Rs 20 per order for trading or intraday trading in any segment including equity, currency and commodity.
#2. Power Investor Pack
If you are a high volume trader, you can enjoy brokerage as low as Rs. 10 per trade with the Power investor plan. You need to pay Rs 599 monthly fee for the power investor pack.
Additional features of the Power Investor pack is:
- Stock and investment ideas for trading.
- Free model portfolio.
- Advanced portfolio analysis.
#3. Ultra Trader Pack
You need to pay Rs. 1199 per month under Ultra Trader pack. With this pack, you can enjoy the free equity delivery trading and Rs 10 per order for all other segments including intraday trading.
Key features of Ultra Trader Pack include:
- 1st 100 trades are brokerage-free.
- Waiver of call and trade charges.
- Research and advisory service.
- Access to portfolio analyser.
In terms of account opening charges, 5paisa offers trading and demat accounts at zero cost. However, there is an annual maintenance charge (AMC) of Rs 300 for the demat account.
5paisa Account Open Charges –
| Segments | Charges |
| Trading Account Opening Charges | Rs 0 |
| Trading AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC Fees | Rs 300 Yearly |
Intraday Trading Brokerage Charges for 5paisa-
| Segments | Intraday Trading Brokerage Charges For 5paisa (Standard Plan) | 5paisa (Power Investor Pack) (Monthly Fee – Rs. 599) | 5paisa (Ultra Trader Pack) (Monthly Fee – Rs. 1199) |
| Equity Intraday | Flat Rs. 20 per executed order | Flat Rs. 10 per executed order | Flat Rs. 10 per executed order |
| Equity Futures | Flat Rs. 20 per executed order | Flat Rs. 10 per executed order | Flat Rs. 10 per executed order |
| Equity Options | Flat Rs. 20 per executed order | Flat Rs. 10 per executed order | Flat Rs. 10 per executed order |
| Currency Futures | Flat Rs. 20 per executed order | Flat Rs. 10 per executed order | Flat Rs. 10 per executed order |
| Currency Options | Flat Rs. 20 per executed order | Flat Rs. 10 per executed order | Flat Rs. 10 per executed order |
| Commodity Futures | Flat Rs. 20 per executed order | Flat Rs. 10 per executed order | Flat Rs. 10 per executed order |
| Commodity Options | Flat Rs. 20 per executed order | Flat Rs. 10 per executed order | Flat Rs. 10 per executed order |
Margin Leverage For Intraday Trading
On July 20, 2020, SEBI issued a circular on peak margin and fixed the leverage margin for all stockbrokers in India. According to this circular, stockbrokers are now restricted from providing margins exceeding the defined limit to their clients.
As a result, leading brokers like Zerodha and Alice Blue are now offering a maximum leverage of 5 times for intraday trading. You may like to read how much leverage Zerodha gives for intraday trading.
The margin leverage for intraday trading for all stockbrokers are –
| Segment | Margin Leverage |
| Equity Intraday | 5x (Up to 20% of trade value) |
| F&O (Equity, Currency, and Commodities) | 1x (100% of NRML margin) |
Conclusion
If you are looking for the lowest brokerage charges for intraday trading, consider Kotak Securities as it offers zero brokerage charges across all segments, making it an attractive choice for you looking to minimize your trading costs.
If you are looking for the most trustworthy stock broker and don’t mind paying an annual fee of Rs 300 then I would suggest you go with Zerodha. Zerodha charges you maximum Rs. 20 for intraday trading with user-friendly user interface and simple brokerage plan.
You can also go with Groww if you plan to invest in Indian as well as US stocks in parallel.
FAQs
There may be additional charges such as transaction charges, GST, and regulatory fees.
Yes, you can switch stockbrokers to avail of lower brokerage charges, but it is essential to consider any transfer or account closure fees associated with the switch.
Zerodha is the best discount broker for intraday trading as Zerodha charges a brokerage fee lower of Rs 20 or 0.03%. So, you need to pay less brokerage if you make small trades in the beginning.
Zerodha trading platforms are easy to use and provide advanced tools & charts.
Yes, you can open any number of demat & trading accounts but the broker must be different.
The maximum brokerage charges for equity intraday trading are typically Rs. 20 per order among popular stockbrokers.
All the listed stock brokers are registered with SEBI and work under the guidelines of SEBI and RBI. So all the stock brokers are equally safe.
Yes, stockbrokers like Kotak Securities offer zero brokerage charges for intraday trading.
Zerodha is the most trusted broker in India with low brokerage fees, fast trading platform and good customer service. Currently Zerodha is trusted by more than 64 lakh+ customers.
