The realm of finance offers abundant wealth creation opportunities, and one such lucrative avenue is intraday or day trading.
Day trading’s popularity has surged due to the rise of internet trading platforms, market volatility, and the COVID-19 pandemic.
Whether a budding investor or a novice intrigued by the fast-paced nature of the stock market, everyone wants to try their luck in intraday trading.
Although intraday trading is a prevalent investment approach offering incredible returns, it comes with its fair share of risks.
Therefore, collaborating with the Best Intraday Broker in India is crucial to grasping the numbers and making smart investment choices.
If you are looking for reliable day trading brokers, you are at the right place. We have rounded up the Top Day Trading Broker in India.
This article compares and ranks different intraday trading brokers based on varied parameters.
List of Top 10 Intraday Trading Brokers in India
| Rank | Broker Name |
| 1 | Angel One |
| 2 | Zerodha |
| 3 | HDFC Sky |
| 4 | Upstox |
| 5 | Groww |
| 6 | 5Paisa |
| 7 | Kotak Securities |
| 8 | Motilal Oswal |
| 9 | Sharekhan |
| 10 | ICICI Direct |
Although India has 300+ small and large brokers, not everyone can help you with intraday trading. The above-given table presents you with the Top 10 Day Trading Broker after evaluating several variables.
The parameters we have considered to rank the top 10 brokers for intraday trading include the following:
- Brokerage charges
- Trading platforms & apps
- Technical analysis, charts, & indicators
- Tips, calls, & advisory
- Exposure, loan, & pledging against shares
For instance, Angel One surpasses all the abovementioned parameters, positioning it on the top-most rank for day trading.
In contrast, ICICI Direct is ranked tenth on the Intraday Trading Brokers list with its decent trading platforms, customer support, market research, and more.
Comparison of Top 10 Intraday Brokers in India
Intraday trading is mostly a zero-sum game, which only a few can play well. You might wonder how to succeed in this risky business. Top Intraday Brokers in India can help.
| Intraday Broker | Intraday Brokerage | App Rating | Technical Analysis Rating | Advisory Rating |
| Angel One | Rs.20 per Trade | 4.3 / 5 | 4.0 / 5 | 4.4 / 5 |
| Zerodha | Rs.20 per Trade | 3.9 / 5 | 3.5 / 5 | 3.6 / 5 |
| HDFC Sky | Rs.20 per Trade | 4.0 / 5 | 3.7 / 5 | 3.9 / 5 |
| Upstox | Rs.20 per Trade | 4.0 / 5 | 3.4 / 5 | 3.5 / 5 |
| Groww | Rs.20 per Trade | 3.7 / 5 | 3.2 / 5 | 3.3 / 5 |
| 5Paisa | Rs.20 per Trade | 4.4 / 5 | 3.6 / 5 | 3.7 / 5 |
| Kotak Securities | Free | 4.1 / 5 | 4.4 / 5 | 4.1 / 5 |
| Motilal Oswal | 0.02% of Transaction Value | 4.2 / 5 | 4.5 / 5 | 4.2 / 5 |
| Sharekhan | 0.02% of Transaction Value | 4.5 / 5 | 4.2 / 5 | 4.3 / 5 |
| ICICI Direct | Rs.20 per Trade | 4.4 / 5 | 4.3 / 5 | 4.5 / 5 |
After comparing different day trading brokers based on the abovementioned parameters, the table shows that Angel One is the top-ranking broker for intraday trading.
Then, the rankings are followed by Zerodha, HDFC Sky, Upstox, Groww, 5Paisa, Kotak Securities, Motilal Oswal, Sharekhan, and ICICI Direct.
On the one hand, Angel One charges Rs.20/trade as intraday brokerage and secures an overall rating of 9.7 for the trading app, customer support, products & services, charges, and experience.
On the other hand, ICICI Direct secures tenth rank with Rs.20/trade brokerage charges and an overall 9.65 rating for the trading app, customer support, products & services, charges, and experience.
Angel One
Angel One is the Best Intraday Broker in India you can enroll with for intraday trading. The Mumbai-based full-service broking firm Angel One emerged to democratize wealth creation.
The organization is a popular choice among 42 lakh+ traders due to its extensive range of financial products, from equities to mutual funds, currencies, and more.
Benefits of Angel One
- Incorporated in 1987, the full-service brokerage house is trusted by two crores+ clients nationwide to place profitable buy and sell orders in stock exchanges.
- Angel One is an attractive broker for day trading because of its superior financial products and service offerings.
- The stock broker’s Angel Eye features powerful charts and portfolio watch tools. It aids traders in recognizing trends and patterns to make better trading decisions.
- Due to many market research features, the broker secures an incredible rating of 4.0 for technical analysis.
- Moreover, the company’s super trading app is rated 4.3. The app’s cutting-edge tools enable traders to navigate the financial markets like pros and place orders in the day trading segment with a single click.
- You can’t miss out on leveraging Angel One’s robust, 4.4-rated advisory support to help clients pick the ideal stocks for day trading.
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Zerodha
The first step to succeed as an intraday trader is to pick the right stockbroker. If you are looking for the second-best option to commence your intraday trading journey with, Zerodha is the perfect choice.
Founded by Nithin Kamath in 2010, Zerodha is the biggest intraday broker, with about 65 lakh+ clients nationwide.
Its extremely low brokerage-charging schemes have significantly changed the dynamics of India’s trading and investment.
Benefits of Zerodha
- Among the Top 10 Intraday Trading Brokers, Zerodha has 14 years of experience helping hundreds of day traders.
- By charging Rs. 20 or 0.03% for each trade as intraday charges, the firm can help you fulfill your temptation to earn profits quickly at a lower cost.
- Another USP of working with Zerodha for intraday trading is it attempts to square off the intraday positions for you if you fail to do the same.
- In addition, the company owns a 3.9-rated, super-fast trading app – Zerodha Kite, allowing traders to trade in 90,000+ stocks.
- The broking house even developed an online library (Zerodha Varsity). It helps traders analyze the stock market and gain vital insights for profitable day trading.
HDFC Sky
It is challenging to compete with big players like Angel One and Zerodha, but HDFC Sky still managed to secure the third rank on our list of Intraday Brokers in India.
HDFC Securities came up with HDFC Sky in 2023 to make trading and investment more accessible and transparent for small and big traders.
With this stockbroker, day traders can execute thousands of transactions within a second.
Benefits of HDFC Sky
- Although the broker entered the financial industry recently in 2023, HDFC Sky has garnered positive reviews from intraday traders.
- The firm offers a more innovative route to wealth creation via intraday trading.
- It charges affordable brokerage of Rs. 20 or 0.01% for each intraday trade while offering informed tips and advisory support to day traders.
- Regarding the broker’s technological offerings, the HDFC Sky app is its flagship product that makes intraday trading hassle-free for traders.
- The app is a powerhouse of incredible tools and features that allow you to study the market and capitalize on short-term swings within a single click.
Upstox
Upstox is the fourth Best Day Trading Broker in India you can consider partnering with it to generate huge profits via intraday trading.
When Raghu Kumar, Shrinivas Vishvanath, and Ravi Kumar came to India for a vacation, they saw the tremendous growth potential of the Indian trading industry.
Motivated by this, they established Upstox in 2009 in a small apartment in Delhi. Intraday trading is risky, but Upstox can make it simple, fair, and cheap for novice to experienced traders.
Benefits of Upstox
- The firm enables its clients to place different intraday orders, from MIS (margin intraday square off) and CNC (cash and carry) to market orders, stop loss, and limit orders.
- The first-tech stock broker offers revolutionized intraday trading experience at low brokerage charges of Rs. 20 or 2.5% per trade.
- Rated 3.5 in terms of advisory support, Upstox’s tips and market recommendations boost intraday traders’ confidence.
- In addition, the company’s advanced mobile app features many technical indicators. You can use them to gauge the stock market and better understand short-term price movements.
- With Upstox, you don’t have to worry about limited funds. It allows day traders to trade five times more than the funds in their trading account.
Groww
Fifth Top Stock Trading Broker in India, Groww offers novice traders a seamless way to embark on their intraday trading journey.
Before establishing Groww in 2016, Lalit Keshre took plenty of time to understand the Indian financial market and pinpoint traders’ key pain points.
The Bangalore-based brokerage firm was created to provide traders with the necessary resources, information, and user experience to simplify trading.
Benefits of Groww
- It is a minimal brokerage-charging broking house that attracts thousands of millennials to gain the best intraday trading experience.
- Rated 3.7, Groww App makes risky intraday trading easier for traders.
- In addition, the firm’s intraday tips are all you need to devise your day trading strategies and make huge profits.
- Its trading platforms include indicators and charts, which allow users to gain insights into the technical aspects of markets and securities.
- Working with Groww allows you to access extra funds. Thus, capitalizing on short-term price swings becomes possible even when your balance is low.
- The margin limit for equity intraday is up to five times, based on the desired stocks.
5Paisa
5Paisa is another reputed name that offers the Best Share Trading in India through its 4.4-rated mobile trading app, website, or installable trading terminal.
Registered in 2016 as a Mumbai-based discount broker, 5Paisa offers honest pricing without hidden fees, making intraday trading much more transparent.
Moreover, Nirmal Jain founded this company to provide simple, fast, and budget-friendly products to empower each trader’s wealth generation journey.
Benefits of 5Paisa
- The company’s trading platforms are acquainted with incredibly advanced technical analysis tools.
- From charts to indicators, many such tools can help traders pick suitable intraday investment options.
- Since its establishment in 2016, the broking house has developed the most sought-after day trading services at a super low, flat brokerage of 20 INR per trade.
- In addition, the firm’s technological offerings include a 3.7-rated robo-advisory platform (Auto Investor). This automated platform understands investment goals and risk appetite and provides the best trading advice by leveraging algorithms, AI, and machine learning.
- Another additional perk of joining 5Paisa for day trading is accessing the leverage facility.
- Anyone with limited funds in his trading account can avail of a margin of up to five times to trade in whichever stocks are in the intraday segment.
Kotak Securities
Kotak Securities is among the top choices of almost every trader to execute intraday trades.
Among the long-standing discount broking firms, Kotak Securities was founded by Jaideep Hansraj to offer full-fledged trading and investment services across varied asset classes.
The broker’s numbers speak for themselves: with over 1500 branches nationwide, it caters to 10 lakh+ customers.
Benefits of Kotak Securities
- Kotak Securities is one of the few Top Intraday Trading Brokers that allow day traders to enjoy zero brokerage via Trade Free Youth and Trade Free Plan.
- Intraday trading is a highly risky trading segment. However, leveraging Kotak Securities’ 30 years of experience in the market can help you select the stocks rightly and make infinite profits.
- Moreover, this traditional brokerage house collaborates with leading researchers and analysts to provide informed intraday tips and advice.
- The 4.1-rated Kotak Securities app can open a world of safe and highly responsive opportunities for day traders with its incredible features, tools, and functionalities.
- The app’s advanced charts and indicators, live telecast, instant trade reports, and other technical analysis tools help understand the market and pick the appropriate investment options.
- Some other company-owned technological offerings include Kotak Securities Neo API, ProX, Xtralite, and Fastlane. These trading platforms enable day traders to execute intraday orders within seconds.
Motilal Oswal
Motilal Oswal acquired the eighth rank in the Best Intraday Trading Brokers list. However, what makes the broking house earn this position?
Raamdeo Agrawal and Motilal Oswal recognized that a time-consuming system and unprofessionally run broking firms were making the entire system inefficient.
Hence, they both grabbed the opportunity to start a professionally run brokerage house, Motilal Oswal, in 1987. Now, the company caters to a massive traffic of over 9 lakh traders and investors.
Benefits of Motilal Oswal
- The first USP of working with this firm is you can execute day trading orders at a very minimal brokerage of 0.02% of transaction value.
- Moreover, you can leverage day trading with the help of Motilal Oswal’s 5 x margins, varying with the stocks.
- This 37-year-old broking house provides various investment options for day traders, catering to varying investment goals and budgets.
- In addition, its 4.2-rated trading app is recognized among the best mobile trading applications used by traders in India.
- Features like Edumo – learning videos, customized watchlist options, and informed stock recommendations make the MO Trader app unique.
- Furthermore, the MO Investment app offers 4.5-rated, in-depth technical analysis tools for evaluating markets and stocks.
- Quick loans and order placement are not big with this mobile trading app.
- You can’t miss its 4.2-rated advisory support facilities. These facilities include everything from updated reports to stock tips and picks necessary to make the correct trading decisions.
Sharekhan
Sharekhan needs no introduction as it’s the Best Day Trading Broker in India you can join to minimise the risk and maximise your earnings.
Headquartered in Mumbai and founded by Mukesh Meena Dayalpura, Sharekhan leveraged digitization’s first wave.
Now, the company dominates the online retail brokerage industry. Moreover, this private full-service broker enables India-based, Oman, and UAE-based traders to practice intraday trading.
Benefits of Sharekhan
- The firm allows traders to place daily intraday orders without getting a pinch on their pockets as it levies 0.02% of transaction value as the brokerage.
- The company takes pride in its 4.3-rated advisory support by connecting traders online with leading financial advisors globally.
- With this robust advisory support, you can control your trading decisions and assets completely.
- In addition, the stockbroker offers a 4.5-rated mobile app as an intraday traders’ trading companion.
- From day trading facility in reputed stock exchanges to crisp intraday charts, live market reports, and faster order placement, the Sharekhan app features make online intraday trading hassle-free.
- In just 14 years, the broker acquired 7.5 lakh+ clients by rendering attractive leverage incentives. For instance, day traders can retain at most five times the margin to trade when short on funds.
ICICI Direct
Last in our Top 10 Intraday Brokers in India is ICICI Direct. Vjay Chandok incorporated ICICI Direct in 1994 as a full-service banking broker to facilitate traders’ varied trading and investment options.
The broking firm has become a trusted name among Indians and international intraday traders due to its flexible brokerage plans and advanced technological products.
Benefits of ICICI Direct
- As part of the renowned ICICI Group, ICICI Direct has acquired over 26 lakh clients by rendering various investment options and superior services.
- Among the broking house’s exceptionally well-designed technologies is the 4.4-rated ICICI Markets app, which lets traders check all their opening positions in one place.
- The app contains trading view charts, payoff analyzers, live streaming of scrips, multiple mas, and many other unique features facilitating advanced technical analysis.
- In addition, ICICI Direct i-Learn is another flagship product that helps traders learn about various markets, investment products, and trading strategies and make the right trading decisions.
- ICICI Direct enables intraday traders to trade up to five times the funds deposited into their trading account.
- Moreover, ICICI Direct surpasses all other Indian intraday brokers with its 4.5-rated advisory support by providing clients with exclusive handpicked intraday trading tips and recommendations.
Best Intraday Brokers with Lowest Brokerage Charges
Remember that investing and trading in the stock market costs money, no matter what type of trading you indulge in.
However, the trading costs involve more than the initial capital you invest. Often, traders don’t think beyond the initial investment and ignore the brokerage charges.
Brokerage charges are the fees or commissions a brokerage house levies for financial services like consultations, purchases, sales, delivery, etc.
When considering intraday trading, you must consider the brokerage fees a broker charges to execute your transactions.
According to our research, Angel One is the best stock trading broker in terms of brokerage charges. It allows traders to initiate transactions in the intraday sector by paying 20 INR for each trade.
Like Angel One, other brokers, including Upstox, Zerodha, Groww, 5Paisa, HDFC Sky, and ICICI Direct, charge the same brokerage to clients who wish to generate wealth via intraday trading.
Top Intraday Brokers with amazing Trading Apps & Platforms
You look forward to taking control of your financial future by practicing intraday trading and leveraging cutting-edge trading platforms.
However, the availability of the sheer number of brokers with their trading applications and platforms can be overwhelming.
Each trading app and platform the Top Share Trading Brokers provides boasts unique features, functionalities, fees, and complexities.
Using the wrong platform to buy and sell stocks in the intraday trading segment can hinder your trading journey.
Therefore, trading apps and platforms are one of the most critical parameters you can’t miss when evaluating different brokers for day trading.
Coming to our evaluation, Motilal Oswal, 5 Paisa, ICICI Direct, Angel One, Sharekhan, and Kotak Securities are the top-ranking stock brokers with well-functioning online trading platforms.
With a 4.5 rating, Kotak Securities has gained recognition among intraday traders for its robust trading application.
Top 10 Intraday Brokers offering Top Notch Technical Analysis, Charts & Indicators
Evaluating stocks’ potential future performance and spotting patterns and trends is the mantra for profitable trades.
Technical analysis, charts, and indicators are a few essential methods you can leverage to identify favorable entry and exit points for trades.
These market research methods are helpful for day traders striving to capitalize on short-term price fluctuations.
However, not everyone is skilled enough to study short-term price fluctuations and make profits.
This is why traders prefer working with the Best Day Trading Broker, which performs technical analysis and analyses charts and indicators.
Motilal Oswal, Kotak Securities, ICICI Direct, Sharekhan, and Angel One are some Indian brokers who can better help you determine when to place buy or sell orders in the intraday trading segment.
Motilal Oswal takes pride in securing a whopping 4.5 rating regarding technical analysis, making it the best in the industry.
Best Intraday Trading Brokers providing superb Tips, Calls & Advisory
It’s well-known that intraday trading presents more risk than any other type of stock trading.
On some days, intraday traders might land on a big fish and make a lot of profit; on others, they might lose everything. It’s all about identifying the right stocks and price movements.
However, the question is, how can you make the right pick? Advisory support and tips from the Best Intraday Trading Broker are the safest bet you can try your luck with.
Intraday tips, calls, and advisory will act as your safety set, aiding you in minimizing your losses when practicing day trading.
ICICI Direct, Angel One, Sharekhan, Motilal Oswal, and Kotak Securities are some stock brokers reputed for adequate advisory support.
With a 4.5 rating in terms of advisory support, ICICI Direct is your best choice for choosing the right stocks and getting a good deal while practicing day trading.
Top Day Trading Brokers offering decent Exposure, Pledging & Loan against Shares
If you are an intraday or regular trader looking forward to practicing day trading, you might have encountered the term ‘pledging.’
In the trading world, pledging is all about taking a loan against the shares a trader owns. Suppose you are short on funds but want to buy stocks in the day trading segment.
In such a case, you can trade by keeping your shares as collateral. You never know when you get low on funds.
So, enrolling with a broker offering decent exposure or a pledging facility for day trading is always helpful.
Angel One, Motilal Oswal, Sharekhan, ICICI Direct, and Kotak Securities are among the Top 10 Intraday Brokers in India.
These brokers are reputed to offer an attractive margin trading facility. These brokers allow day traders to trade shares up to five times their funds in the trading accounts.
What is Intraday Trading?
The term ‘intraday’ means ‘within the day.’ Intraday Trading, or day trading, is a famous phrase used in the financial industry for the securities that traders buy or sell in the stock markets during ordinary business hours.
In addition, intraday also refers to the highs and lows of the assets listed on the stock exchange throughout the day.
Day traders capitalize on the assets’ short-term price swings to realize capital gains on purchased financial securities. When the market closes, intraday traders close all their positions.
What are the Benefits of Intraday Trading?
Guess what! Intraday trading is among the standard trading techniques in the Indian financial markets.
Traders focus on capturing the price movements occurring in the securities during each trading session to generate abundant wealth.
Now that small price swings more frequently happen than large ones, Day Trading unlocks many trading opportunities for traders to maximize their returns.
Other than that, intraday trading offers the following discussed benefits to traders:
- No overnight risk: The overnight or gap risk is the risk of a trade moving in an unfavourable direction overnight. Since intraday traders close all their positions by the end of market hours, they don’t have to face unexpected overnight risk.
- Potential for higher returns: Intraday trading might offer lower profit potential per trade than other trading techniques. However, it compensates for it by providing plenty of trading opportunities. Many pro intraday traders make hundreds of trades daily to maximize their returns.
- Allow using leverage: Margin or leverage is another benefit you can reap when practicing intraday trading. You can deposit a small amount with your stock broker as a margin to take on larger positions and enhance your profits.
- Potential for short selling: Day traders can profit by selling securities at a higher price and purchasing them back at a lower cost.
Best Intraday Trading Broker in India – Conclusion
Many novice and expert traders indulge in intraday trading to capitalize on short-term price fluctuations and generate abundant wealth.
However, traders involved in day trading seem to be rarely persistent. According to statistics, around 40% of traders exit the intraday trading field within a month.
Still, 13% stick around by the end of three years. If you want to secure your place in this 13% population, seeking professional help from the above-listed Best Intraday Broker in India is the optimal solution.
This comparison guide on intraday trading brokers can help you make the intelligent choice and embark on a successful day trading journey
FAQs on Best Intraday Broker in India
Here are various FAQs on Top Day Trading Brokers.
Which Broker is Best for Intraday?
Our research says that Angel One is the best broker you can work with in the intraday trading segment.
Which Broker is Safe for Day Trading?
All brokers listed in this comparison guide are registered with SEBI and, thus, render safe and secure intraday trading opportunities.
Which are the Top 5 Intraday Brokers?
After evaluating varied intraday brokers in India, Angel One, Zerodha, HDFC Sky, Upstox, and Groww secured the top five ranks.
Which Intraday Broker is best for F&O Trading?
Angel One is the best intraday broker you can collaborate with for F&O trading.
Which Day Trading Broker is good for Tips & Calls?
You can consider joining hands with ICICI Direct, Angel One, or Sharekhan day trading brokerage houses for tips and calls.
Which broker charges the lowest in Intraday trading?
Kotak Securities enables traders to buy and sell financial securities in the intraday trading segment without paying a single rupee as brokerage charges.
Which Share Trading Broker Provides Best Technical Analysis?
Motilal Oswal, Kotak Securities, and ICICI Direct are your best options for seeking the best technical analysis for profitable share trading.
Which Stock Trading Broker offers excellent Intraday Indicators?
Motilal Oswal, Sharekhan, and ICICI Direct dominate the stock broking industry by offering impressive intraday indicators to their clients.
Which Day Trading Broker offers Great Apps & Tools?
Zerodha, Groww, and HDFC Sky are the leading day trading brokers that leverage innovative trading apps and technological tools.
Which Intraday Broker is providing Top Advisory & Research?
Sharekhan, ICICI Direct, and Motilal Oswal are the top-ranking intraday brokers in advisory and research support.