Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Margin against shares allows traders to pledge the securities in Demat account to get additional cash leverage for trading in Equity intraday, Future, and Options writing.
The margin on stocks from pledging i.e collateral margin is very used by frequent traders. A list of eligible share is provided by the broker. This list also includes information like 'for every Rs 100 worth of stock pledged, you'll receive a collateral margin of Rs XYZ (i.e. Rs 82)' and haircut %.
There is a cost of pledging i.e. Zerodha charge is Rs 60 + GST per pledge request. There is no cost for un-pledging.
A small number of stockbrokers allow pledging shares as collateral. Below is the list:
| Broker | Brokerage (Eq Intraday) | Brokerage (Eq Futures) | Brokerage (Eq Options) | Active Clients | Request Callback | Review | Compare |
|---|---|---|---|---|---|---|---|
| Zerodha | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order | 7,884,365 | Open Account  |  | |
| Angel One | Rs 20 per executed order | Rs 20 per executed order | Rs 20 per executed order | 7,132,861 | Open Account | | |
| ICICIdirect | Rs 20 per order | Rs 0 (Free) | Rs 20 per order | 1,905,641 | | ||
| Kotak Securities | Free | Delivery: Rs 20 per trade | Intraday: Free | Delivery: Rs 20 per trade | Intraday: Free | 1,382,036 | Open Account | | |
| HDFC Securities | 0.032% | Rs 20 per trade | Rs 20 per trade | 1,244,723 | | ||
| Motilal Oswal | Rs 0 (Free for lifetime) | 0.02% | Rs 20 per lot | 958,025 | Open Account | | |
| Dhan | Rs 20 or 0.03% of trade value, whichever is lower | Rs 20 or 0.03% of trade value, whichever is lower | Rs 20 per executed order | 739,810 | | ||
| Sharekhan | 0.02% on market rate or minimum 1 paisa per share | 0.02% per transaction value | Rs 20 per lot | 690,766 | | ||
| 5paisa | Rs 20 per executed order | Rs 20 per executed order | Rs 20 per executed order | 526,773 | Open Account | | |
| AxisDirect | 0.05% | 0.05% | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot | 404,885 | | ||
| Fyers | 0.03% or Rs 20, whichever is lower | 0.03% or Rs 20, whichever is lower | Rs 20 per executed order | 240,489 | Open Account | | |
| Anand Rathi | 0.02% | 0.02% | Rs 50 per lot | 139,339 | | ||
| SAMCO | Rs 20 per trade or 0.05% (whichever is lower) | Rs 20 per trade or 0.05% (whichever is lower) | Rs 20 per trade | 96,900 | Open Account | | |
| Aditya Birla Money | 20 | 20 | 20 | 91,940 | | ||
| Tradingo | Rs 20 per trade or 0.05% (whichever is lower) | Rs 20 per trade or 0.05% (whichever is lower) | Rs 20 per executed order | 80,523 | Open Account | | |
| IDBI Capital | 0.05% | 0.05% | Rs 100 per lot | 56,906 | | ||
| Bajaj Financial | Rs 20 per order | Rs 20 per order | Rs 20 per order | 37,095 | Open Account | | |
| TradeSmart | Rs 15 per order | Rs 15 per order | Rs 15 per order | 28,408 | Open Account | | |
| SAS Online | Rs 9 | Rs 9 | Rs 9 | 20,666 | Open Account | | |
| RMoney | Rs 9 per executed order | Rs 9 per executed order | Rs 9 per executed order | 6,324 | |
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