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Equity Intraday Brokerage

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.

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

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

Advantages of Intraday trading
  •  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.
Dis-advantages of Intraday Trading
  •  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.
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer

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
4 Angel-One 3926697 ₹20/trade Free
5 ICICI Direct 3135167 0.275% Free
6 5PAISA 1727458 Flat Rs.20 per executed order Free
7 Kotak Securities 1290410 Free Free
8 HDFC SECURITIES 1156837 0.05% ₹999 + GST
9 IIFL 1139902 Flat Rs.20 per executed order Rs.250 + GST
10 MOTILAL OSWAL 915264 0.05% Free
11 SHAREKHAN 757371 0.1% Free
12 SBI Securities 643626 0.05% Rs.850
13 PAYTM MONEY 467814 Lower of 0.05% or Rs 10 per executed order Rs.200
14 AXIS Direct 417958 0.05% Rs.900
15 Market Wolf 299954 ₹0 brokerage if loss | 10% of the GP on profitable trade Free
16 Choice Broking 268212 0.02% Free
17 GEOJIT FINANCIAL 236567 0.03% Rs.425
18 EDELWEISS 201574 Rs.10 per executed order Free
19 RELIGARE BROKING 167249 0.050% to 0.010% Rs. 500
20 SMC GLOBAL 162802 0.03% Free

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