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A Bracket Order is an advance order type to help traders to limit the losses and increase chances of profitability. It's an order with an opposite-side order placed together (i.e. a buy order is bracketed by a high side sell limit order, and a low side sell stop order).
Bracket orders (BO) have a fixed stop-loss trailing order. To advance this further, some broker offers Bracket Order Trailing Stop-loss. This provides an ability to trail your stop-loss (dynamically). It means the stop-loss keeps moving based on the direction your stock or contract moves.
Bracket orders and cover orders are key risk management tools for a trader. A handful of stock brokers offer this order type to the traders.
Broker | Category | Brokerage (Eq Intraday) | Active Clients | Request Callback | Review | Compare |
---|---|---|---|---|---|---|
Kotak Securities | Full Service Broker | Free | 1,309,678 | Open Account ![]() | ![]() | |
HDFC Securities | Full Service Broker | 0.032% | 1,152,697 | ![]() | ||
Motilal Oswal | Full Service Broker | Rs 0 (Free for lifetime) | 918,792 | Open Account ![]() | ![]() | |
Paytm Money | Discount Broker | Rs 20 per executed order or 0.05% whichever is low | 771,574 | Open Account ![]() | ![]() | |
Sharekhan | Full Service Broker | 0.02% on market rate or minimum 1 paisa per share | 678,860 | ![]() | ||
Dhan | Discount Broker | Rs 20 or 0.03% of trade value, whichever is lower | 618,874 | ![]() | ||
5paisa | Discount Broker | Rs 20 per executed order | 542,458 | Open Account ![]() | ![]() | |
Fyers | Discount Broker | Rs 20 per executed order or .03% whichever is lower | 241,022 | Open Account ![]() | ![]() | |
Alice Blue | Discount Broker | Rs 15 per order or 0.05% whichever is lower | 166,200 | Open Account ![]() | ![]() | |
Anand Rathi | Full Service Broker | 0.03% | 132,668 | Open Account ![]() | ![]() |
Read more about Bracket Order Explained with Example
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Pls suggest which broker provides the following features in Web application:
1. Bracket Order for Intraday (this is very commn) and Delivery (this is required)
2. Non-Cash Limit
3. GTD with No Money Blockage
4. AMO/ PMO (this is easily found)
5. API Key