Equity Intraday Brokerage
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.
Advantages & Disadvantages of Equity Intraday Trade
- It does not block your capital
- You can make money in a short span of time hence it is a favorite of the trader community.
- Day traders can take benefit of both rising and falling market. Day traders can do short selling to make a profit from falling stocks.
- Intraday trade is simple and does not require fundamental or technical 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 unforeseen global or local events.
- You would not be entitled to dividends or other benefits such as bonuses, rights.
- An individual is required to track minute by minute the market.
- Higher risk.
Top 20 Stock Brokers for Equity Intraday Trades
|Rank||Top 20 Best Share Brokers||Active Clients||Equity Intraday Brokerage||A/c Op. Charges|
|1||Zerodha||6513036||0.03% or Rs.20/Trade whichever is lower||Rs.200 for Online and Rs 400 for Offline accounts Opening|
|2||Upstox (RKSV)||5596268||₹20/trade or 0.05% whichever is lower||₹150 + GST|
|3||Groww||4268383||₹20/trade or 0.05% whichever is lower||Free|
|6||5PAISA||1727458||Flat Rs.20 per executed order||Free|
|8||HDFC SECURITIES||1156837||0.05%||₹999 + GST|
|9||IIFL||1139902||Flat Rs.20 per executed order||Rs.250 + GST|
|13||PAYTM MONEY||467814||Lower of 0.05% or Rs 10 per executed order||Rs.200|
|15||Market Wolf||299954||₹0 brokerage if loss | 10% of the GP on profitable trade||Free|
|18||EDELWEISS||201574||Rs.10 per executed order||Free|
|19||RELIGARE BROKING||167249||0.050% to 0.010%||Rs. 500|
Frequently Asked Questions:
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.
5paisa charges ₹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 ₹10 per order by paying ₹499 per month as subscription fees, 5paisa Titanium Plan offers equity Intraday trade at ₹10 per order by paying ₹999 per month as subscription fees + a host of other services.
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 ₹900 per year as subscription fees, ICICI Direct Prime Plan 4500 offers equity delivery trade at the brokerage of 0.018% of trade value by paying ₹4500 per year as subscription fees, ICICI Direct Prime Plan 9500 offers equity delivery trade at the brokerage of 0.015% of trade value by paying ₹9500 per year as subscription fees.
HDFC Securities provides Equity Intraday trade at brokerage rate of 0.10% or min ₹25 or ceiling of 2.5% on transaction value (Both Buy & Sell).
Motilal Oswal charges brokerage of 0.05% on equity Intraday trade. Motilal Oswal also has minimum brokerage at ₹30 per order, Whatever be your trade value, you will be required to pay ₹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 a brokerage rate which varies from 0.04% to 0.01% and the brokerage charges vary by brokerage plans which you select.
Recently Edelweiss has recently launched a discount brokerage plan called edelweiss lite brokerage plan in which it offers Intraday trade at brokerage fees of ₹10 per executed order. Incase you want to go for Edelweiss elite plan which provides a host of research & other services and charges brokerage of 0.03% of traded value for equity Intraday
Anand Rathi provides Equity Intraday trade at brokerage rate of 0.05% on transaction value (Both Buy & Sell).
Geojit BNP Paribas provides Equity Intraday trade at brokerage rate of 0.03% on transaction value (Both Buy & Sell).
Nirmal Bang provides Equity Intraday trade at brokerage rate of 0.02% on transaction value (Both Buy & Sell).
Sushil Finance provides Equity Intraday trade at brokerage rate of 0.03% on transaction value (Both Buy & Sell).