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What is Equity Intraday trade and Compare Brokerage for Equity Intraday Trade.

There are multiple ways in which you trade-in Equity, one of the most common Trade is the equity Intraday. Equity Intraday trades refer to a trade in which buying & selling of stock happens on the same day before the close of the stock exchange. If you fail to do so, your broker may square-off your position, or convert it into a delivery trade. Intraday trading is also called day trading, which intended to make profits in a very short interval of time and does not go beyond a trading day.

The brokerage charges and the statutory charges like STT are much lower on intraday trades compared to delivery trades. This reduces the cost of intraday trading. When you buy equities for delivery, you are required to pay up 100% of the total cost upfront. On the contrary, if you designate your trade as an intraday trade, then the margin is just a portion of the full cost.

Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer

Advantages & Disadvantages of Equity Intraday Trade

Advantages of Intraday trading
  •  It does not block your capital
  •  You can make money in short sapn of time hence it is favourite of trader community.
  •  Day traders can take benefit of both rising and falling market. Day traders can do short selling to make profit from falling stocks.
  • Intraday trade is simple and does not require fundamental or techinical information of traded stock , you can do this trade by simply reading charts.
  •  Possibility of Higher return and can be achieved both in Bull & bear market.
  • Lower Brokerage & Statutory Charges.
  • It does not have any form of overnight risk due to unforseen global or local event.
Dis-advantages of Intraday Trading
  •  You would not be entitled for dividend or other benefits such as bonus, rights.
  • Individual is required to track minute by minute the market.
  • Higher risk.
Zerodha (No 1 Broker in India): Free Equity and Mutual Funds + Flat ₹20/trade Intraday/F&O Open a/c in 15 Minutes

Compare Equity Intraday brokerage of Top stock brokers

Share Broker Active Clients 2020 Equity Intraday Brokerage
ZERODHA 1414376 0.03% or Rs.20/Trade whichever is lower
ICICI Direct 1075956 0.275% (Prime Plan-0.025% to 0.015%)
HDFC SECURITIES 720150 0.10% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)
Upstox 619305 0.05% or Rs.20/Trade whichever is lower
ANGEL BROKING 576414 Flat Rs 20 per order
KOTAK SECURITIES 571806 0.49% or min 3Paise per share or Rs.21/- per executed order whichever is Higher
SHAREKHAN 549778 o.10%
5PAISA 434036 Rs.20 per executed order
MOTILAL OSWAL 377123 0.05% or Rs. 15 per order which ever is higher
AXIS Direct 270462 0.05% or min Rs.25/- per executed order whichever is Higher
SBICAP 249924 0.075%
KARVY 243256 0.03%
IIFL 218877 0.05% or min Rs0.05/- per Share whichever is Higher
GEOJIT FINANCIAL 163742 0.03% or Rs 20 per contract or 1 Paisa / share whichever is higher subject to a maximum of 2.5% per share
EDELWEISS 130215 Rs.10 per Trade
RELIANCE SECURITIES 119321 0.04%
SMC GLOBAL 113513 0.03%
RELIGARE BROKING 111652 0.05% (varies with margin Amount)
NIRMAL BANG 95618 0.02%
MARWADI 86709 0.03%
SAMCO 51432 0.02% or Rs.20 per Trade (whichever is lower)
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer

FAQS about Equity Brokerage Charges:

  1. 1. What is Equity Intraday Trade?

    Equity Intraday trades refer to a trade in which buying & selling of stock happens on the same day before the close of the stock exchange. If you fail to do so, your broker may square-off your position, or convert it into a delivery trade. Intraday trading is also called day trading, which intended to make profits in a very short interval of time and does not go beyond a trading day.

  2. 2. What is Equity Intraday brokerage of Zerodha?

    Zerodha brokerage for Equity intraday is 0.03% or Rs.20/Trade whichever is lower.

  3. 3. What is Equity Intraday brokerage of 5paisa?

    5paisa charges Rs.20 per executed order for Intraday trade. 5paisa also have multiple subscription plans which offer lower brokerage on paying fixed monthly subscription fees, 5paisa platinum Plan offers equity Intraday trade at Rs.10 per order by paying Rs.499 per month as subscription fees, 5paisa Titanium Plan offers equity Intraday trade at Rs.10 per order by paying Rs.999 per month as subscription fees + host of other services.

  4. 4. What is Equity Intraday brokerage of Upstox?

    Upstox brokerage for Equity intraday is 0.05% or Rs.20/Trade whichever is lower.

  5. 5. What is ICICI Direct Equity Intraday brokerage?

    ICICI Direct charges 0.275% of volume as brokerage fees for delivery trade. ICICI Direct also have multiple subscription plans (Prime Brokerage Plan) which offer lower brokerage on paying fixed annual subscription fees, ICICI Direct Prime Plan 900 offers equity delivery trade at 0.025% of trade value by paying Rs.900 per year as subscription fees, ICICI Direct Prime Plan 4500 offers equity delivery trade at brokerage of 0.018% of trade value by paying Rs.4500 per year as subscription fees, ICICI Direct Prime Plan 9500 offers equity delivery trade at brokerage of 0.015% of trade value by paying Rs.9500 per year as subscription fees.

  6. 6. What is HDFC Securities Equity Intraday brokerage?

    HDFC Securities provides Equity Intraday trade at brokerage rate of 0.10% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell).

  7. Zerodha (No 1 Broker in India): Free Equity and Mutual Funds + Flat ₹20/trade Intraday/F&O Open a/c in 15 Minutes
  8. 7. What is Motilal oswal Equity Intraday brokerage?

    Motilal Oswal charges brokerage of 0.05% on equity Intraday trade. Motilal Oswal also has minimum brokerage at Rs.30 per order, Whatever be your trade value, you will be required to pay Rs. 30 as a minimum brokerage in case of Intraday trade.

    Motilal Oswal also offers various value pack plan and these plans can be subscribed by both new & existing customers. these value pack plans designed for customers who are regularly investing in the stock market or traders. You would be paying lower brokerage in case you subscribe to a higher value pack plan. Under these value pack plans, Motilal Oswal provides Intraday trade at brokerage rate which varies from 0.04% to 0.01% and the brokerage charges vary by brokerage plans which you select.

  9. 8. What is Angel Broking Equity Intraday brokerage?

    Brokerage for Equity Intraday in Angel Broking is Flat Rs 20 per order.

  10. 9. What is Edelweiss equity Intraday brokerage?

    Recently Edelweiss has recently launched discount brokerage plan called edelweiss lite brokerage plan in which it offer Intraday trade at brokerage fees of Rs.10 per executed order. Incase you want to go for Edelweiss elite plan which provide host of research & other services and charges brokerage of 0.03% of traded value for equity Intraday

  11. 10. What is Just Trade equity Intraday brokerage?

    Just Trade provides Equity Intraday trade at brokerage rate of 0.04% on transaction value (Both Buy & Sell).

  12. 11. What is Anand Rathi equity Intraday brokerage?

    Anand Rathi provides Equity Intraday trade at brokerage rate of 0.05% on transaction value (Both Buy & Sell).

  13. 12. What is Geojit BNP Paribas equity Intraday brokerage?

    Geojit BNP Paribas provides Equity Intraday trade at brokerage rate of 0.03% on transaction value (Both Buy & Sell).

  14. 13. What is Nirmal Bang equity Intraday brokerage?

    Nirmal Bang provides Equity Intraday trade at brokerage rate of 0.02% on transaction value (Both Buy & Sell).

  15. 14. What is Sushil Finance equity Intraday brokerage?

    Sushil Finance provides Equity Intraday trade at brokerage rate of 0.03% on transaction value (Both Buy & Sell).

  16. 15. What is IIFL equity Intraday brokerage?

    IIFL provides Equity Intraday trade at brokerage rate of 0.05% on transaction value (Both Buy & Sell).

  17. 15. What is Sharekhan equity Intraday brokerage?

    Sharekhan provides Equity Intraday trade at brokerage rate of 0.10% on transaction value (Both Buy & Sell).

    Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer