Best Broker for Intraday Trading

Intraday trading is among the most popular trading segment in India. Finding the best broker for intraday trading is challenging. Compare intraday brokerage and exposure margin for top stock brokers in India to find the best brokerage firm for intraday.

Intraday trading (or day trading) is buying and selling the stocks within the same trading day. In day trading, the trading positions (buy or sell) are closed before the market closes for the trading day. If the trader fails to close the position (reverse sell or buy the same stock in same quantity) by the agreed intraday square-off time, the broker forcefully square-off the open position. Intra-day trading is done in all the segments including Equity, Equity F&O, Currency F&O and Commodities F&O. The trader who does day trading is called Day Trader.

Best Online Broker for Intraday

All stock brokers offer day trading but to make day trading profitable, it requires a broker who has the following qualities:

Lowest brokerage (preferable flat rate brokerage with no minimum brokerage)
Higher intraday margin (exposure)
Trading platform for free (especially desktop trading terminal)
Research Reports
Excellent Customer Service

For more detail read Best Stock Broker for Day Trading.

Below table provides a set of information which can be used to find the best broker for intraday trading.

Best Brokerage Firm for Intraday Trading

Broker	Brokerage (Equity Intraday)	Request Callback
ProStocks	Free (Rs 899 per Month Unlimited Trading) or Rs 15 per trade	Open Online Account
Groww	Rs 20 per executed order or 0.05% whichever is lower
Zerodha	Rs 20 per executed order or .03% whichever is lower	Open Account
Angel One	Rs 20 per executed order	Open Account
Upstox	Rs 20 per executed order or 0.05% whichever is lower	Open Account
Kotak Securities	Free	Open Account
HDFC Securities	0.032%
SBI Securities	0.05%
Motilal Oswal	Rs 0 (Free for lifetime)	Open Account
Paytm Money	Rs 20 per executed order or 0.05% whichever is low	Open Account
Sharekhan	0.02% on market rate or minimum 1 paisa per share
5paisa	Rs 20 per executed order	Open Account
AxisDirect	0.05%
Geojit	0.03%
Fyers	0.03% or Rs 20, whichever is lower	Open Account
Choice Broking	0.02%

		Compare

Compare

For good intraday trading experience customer should look for:

Best broker for Intraday Tips,
Best broker for Intraday Margin,
Best broker platform for Intraday and
Best brokerage charges for intraday.

Pros & Cons of Day Trading

Advantages of Day Trading	Disadvantages of Day Trading
Opportunity to make big profits with a small investment. The broker offers a higher margin for day trading. All trades are cleared on the same day. The trader doesn't have to worry about aftermarket events. If you miss to square off the trade, the broker does that automatically. The advance order types (bracket order, cover order) help in reducing the risks. Discount stock brokers made the day trading very profitable.	High-risk trading instrument. The losses are enormous. Trades are automatically squared-off on agreed time with a broker. This trade cannot be carried forward to the next day. Day trading is a full-time job. It requires an in-depth understanding of stock trading. Day trading is not for beginners.