Trading has long been a lucrative space for people who understand the intricacies of the stock market.
However, with so many trading strategies, traders often find it confusing to choose the right one to increase their earning potential.
Choosing the right trading style based on your wealth-generation goals and risk tolerance can improve your trading game.
Scalping is one of the most popular trading techniques, and using the Best Scalping Broker in India can help you make massive profits.
However, only some traders know about the broking houses that can assist with scalp trading in the country.
This article puts together the top scalp trading brokers with whom you can collaborate in India.
List of Top 10 Scalping Brokers in India
| Rank | Broker Name |
| 1 | Angel One |
| 2 | Motilal Oswal |
| 3 | ICICI Direct |
| 4 | Sharekhan |
| 5 | Zerodha |
| 6 | IIFL Securities |
| 7 | Upstox |
| 8 | HDFC Securities |
| 9 | Kotak Securities |
| 10 | 5Paisa |
Everyone wants to make quick profits through scalping, whether you’re a novice, part-time trader, expert, or full-time trader. Although scalping trading allows traders to generate quick profits, it’s risky.
However, you can manage market uncertainties and trading risks by seeking guidance from a professional scalping broker.
Hundreds of full-service and discount brokerage houses operate in India, but not all facilitate scalping trading assistance.
You can rely on the table above when looking for the Best Scalping Broker in the country.
We have rounded up the Top 10 Scalp Trading Brokers in India after thorough research, evaluation, and comparison by considering several parameters.
These parameters comprise brokerage charges, advisory support, technological trading platforms, financial products, technical analysis, and more.
According to our rankings, Angel One dominates the broking industry regarding scalp trading.
Furthermore, Motilal Oswal, ICICI Direct, Sharekhan, Zerodha, IIFL Securities, Upstox, HDFC Securities, Kotak Securities, and 5Paisa follow the rankings.
Angel One – Best Scalping Broker in India
Initially known as Angel Broking, Angel One entered the broking industry in 1996 as a private limited company.
A few years later, it dominated the retail and corporate broking and wealth management service sector.
Today, Angel One has established itself as the Best Scaling Broker in India, with over 42 lakh+ active clients.
Features of Angel One
- As a member of NSE, BSE, NCDEX, and MCX, Angel One offers vast opportunities for scalp trading across these stock exchanges.
- Since demat and trading account opening is charge-free, you can start trading without incurring initial costs.
- Despite being a full-service broking house, Angel One charges brokerage at discount-broker rates. Therefore, you don’t have to worry about paying higher brokerage every time you scalp the market.
- Each trading platform, from the Angel One app to ARQ Prime, features advanced technical indicators and short-term charts. After evaluating these technical analysis tools, you can devise a scalping trading strategy.
- Moreover, the Angel One application provides access to the level 2 quotation feature. With this feature, you can constantly monitor the market and seize opportunities whenever an asset’s price changes.
Motilal Oswal – Top Scalping Broker in India
Established as an Indian financial services organisation, Motilal Oswal was founded in 1987.
The broker collaborated with SBI, PNB, and Axis Bank to facilitate online trading for its 9 lakh+ clients.
Over the years, Motilal Oswal diversified its financial offerings to broaden its customer base. Now, the firm is recognised as the second-largest scalping broker in India.
Features of Motilal Oswal
- Motilal Oswal is among the few Indian brokers who believe in charging lower brokerage. Lower brokerage makes it budget-friendly for scalpers to capitalise on short-term price movements repeatedly.
- The CNBC TV 18 Financial Advisor award winner, Motilal Oswal, can teach you multiple strategies to earn profits via scalping.
- In addition, you don’t have to worry about the market direction when using a scalping strategy on the company-owned trading platform. The broker provides a non-directional strategy.
- The Motilal Oswal application features the ‘My Snapshot’ tool, which allows traders to view the market’s opening and closing positions, margins, price movements, and more. This real-time view of the market and assets lets scalpers identify and seize the perfect trading opportunity.
- The broker has a presence in over 2,000 locations nationwide, making it easier for traders to contact for trading assistance and service support.
Related Articles
ICICI Direct – Best Scalp Trading Broker in India
ICICI Direct takes the position of third Best Scalp Trading Broker in India.
Operating in the virtual financial marketplace, Vjay Chandok commenced ICICI Direct to meet clients’ investment, borrowing, and protection needs.
The broking firm is the ICICI Securities’ retail trading and investment service, catering to over 26 lakh clients.
Features of ICICI Direct
- ICICI Direct’s product offerings include equities, currencies, futures & options, commodities, and more. With diverse product lines, scalpers have plenty of options to trade in.
- It has devised four brokerage plans: ICICI Direct Neo, Prime, Prepaid, and I-Secure. Traders can choose any of these brokerage plans depending on their financial capacity.
- Scalpers who apply the ICICI Direct-devised scalping strategy can expect to reap profits 80% of the time.
- Moreover, the firm’s trading platforms are equipped with multiple analytical tools, allowing traders to predict trends and asset price movements.
- ICICI Direct app’s exceptional interface and technology allow traders to place and execute orders within a few clicks. It enables scalpers to make massive profits by quickly capturing short-term price movements.
Sharekhan – Top Scalp Trading Broker in India
Sharekhan is another Top Scalp Trading Broker in India with whom you can start making quick profits by identifying short-term price movements in desired assets.
The broking firm started its business in 2000 and has acquired over 16 lakh customers in a short period.
It became the fifth-largest brokerage house in India by rendering a wide array of financial products and services, from securities brokerage to MF distribution and wealth management.
Features of Sharekhan
- With 3,000+ centres in more than 670 places in India, Sharekhan has a wide reach. As a result, traders can easily access the broker’s offline trading services.
- Sharekhan allows traders to open accounts without paying anything. Moreover, they don’t have to worry about paying account maintenance charges for one year after commencing their trading journey.
- Lower brokerage charges are another advantage that allows scalpers to trade frequently throughout the day.
- Sharekhan Mini, Trade Tiger, and the app are platforms that let scalpers monitor prices in real time and place orders quickly to profit from minor price fluctuations.
- When scaling via Sharekhan, traders can earn profits from the slow market by placing multiple bids.
Zerodha – Top 10 Scalping Brokers in India
Set up as an Indian financial services enterprise in 2010, Zerodha has made a noise in the market by becoming one of the Top 10 Scalping Brokers in India.
Headquartered in Bangalore, the company has branches in many major cities.
Two brothers, Nikhil Kamath and Nitin Kamath, founded the broking firm. Furthermore, Zerodha combines two words indicating the firm’s ideals—Zero and ‘Rodha,’ which means ‘barrier.’
Features of Zerodha
- There are 6000 listed stocks on the BSE and 2000 listed stocks on the NSE. Zerodha is a member of both BSE and NSE. Thus, the firm can enable you to trade in thousands of stocks.
- Zerodha owns a proprietary trading terminal known as ‘Pi.’ It’s charting software that lets you study 80 built-in technical indicators and visualise charts across several time frames, including scalp trading charts.
- Moreover, Zerodha’s online library, Varsity, includes a module for automatically building trading strategies. You can leverage this module to scalp the market profitably.
- The brokerage house provides reasonable brokerage, making scalping trading multiple times a budget-friendly affair.
- It facilitates margin funding or pledging, enabling traders to trade even when short on funds.
IIFL Securities – Top 10 Scalp Trading Brokers in India
IIFL Securities, or Indianfoline Securities, ranks sixth in the Top 10 Scalp Trading Brokers in India list.
Initially registered as India Infoline Ltd., IIFL Securities has a 29-year legacy in retail broking and financial product distribution.
The company’s retail brokerage and financial products include equity, currency broking, DP services, commodities, MF distribution, PMS, bonds, investment banking, and more.
Features of IIFL Securities
- Recognised as the leading investment advisory company, scalpers can expect top-notch stock recommendations and tips from IIFL Securities.
- Moreover, the brokerage house is a network of around 2,500 branches and business partners in 500+ Indian cities. The vast network lets traders and investors easily contact the firm for professional assistance and services.
- It provides free trading and demat account opening services. Moreover, the account maintenance charges are zero in the first year. Therefore, traders can embark on their scalp trading journey without any finance-related burden.
- IIFL Securities is backed by advanced technology platforms, including the IIFL Markets App, Webpage, Trader’s Terminal, and Trader API. These trading platforms feature advanced technical indicators, real-time charts, and customised watchlists to help scalpers predict price movements.
- In addition, IIFL Securities’ platforms render trend-spotting and level 2 quotation facilities to display market trends, bid-ask spreads, order sizes, and market makers for all orders.
Upstox – Best Scalping Broker
Established in 2011, Upstox is a private, SEBI-registered discount broker.
The Mumbai-based stockbroker has gained momentum in the broking industry by becoming the seventh Best Scalping Broker in India.
The brokerage house meets the trading and investing needs of 38 lakh+ clients by offering equity, currencies, F&Os, commodities, and MFs.
Features of Upstox
- Upstox allows scalpers to place different types of orders, from AMO to GTT. It offers them a way to minimise the risks and losses associated with scalp trading.
- Traders can commence scalp trading without incurring the initial cost of opening trading and demat accounts.
- The company provides traders with tools like smart stock filters, trading indicators, 360-degree view charts, and other technical analysis tools. Scalpers can use these tools to predict the opening and closing positions and pinpoint price movements.
- Upstox allows traders to trade up to five times the funds deposited in their trading account. Therefore, you can practice scalp trading even with lower capital.
- Leveraging the Upstox App, scalpers can access 300+ shares to scalp the market.
HDFC Securities – Top Scalping Broker
The stockbroking arm of HDFC Bank, HDFC Securities, commenced operating in 2000.
Initially, it was incorporated as a joint venture between HDFC Ltd., Indocean eSecurities Holdings Ltd., and HDFC Bank Ltd.
Being one of the largest distributors of financial products and broking services, HDFC Securities takes the eighth position as the Top Scalping Broker in India.
Features of HDFC Securities
- One of the first attractive features when joining HDFC Securities for scalping is its reasonable brokerage fees.
- As a subsidiary of India’s largest private lender, HDFC Securities lets traders capitalise on the parent firm’s brand value, experience, and expertise.
- The broker is recognised for its in-depth technical analysis, research-based stock recommendations, and trader tips.
- The HDFC Securities App is equipped with all vital features that help scalpers trade profitably. These features include quick order placement and execution, integrated charts, technical indicators, and high-frequency trading.
- With top-notch margin funding or pledging facilities, scalpers can trade with limited funds in their accounts.
Kotak Securities – Best Scalp Trading Broker
Established in 1994, Kotak Securities is one of the longest-standing brokerage enterprises.
The firm dominates the broking industry by providing incredible, full-fledged investment services across several assets.
Among the Best Scalp Trading Brokers, Kotak Securities ranks ninth in India.
Features of Kotak Securities
- The broker’s pan-India presence, simplified trading solutions, and technology-first approach make it a popular choice among ten lakh+ traders.
- Kotak Mahindra Bank is the prominent financial group that supports Kotak Securities. As a result, traders can trade confidently, backed by the security and stability of Kotak Mahindra Bank.
- You can access the Kotak Securities App, Web Trading Platform, KEAT ProX, or Fastlane multiple times a day to capitalise on short-term price swings. These platforms enable traders to execute ten scalp trade orders every second.
- Kotak Securities offers many technical analysis tools, from unlimited watchlists to real-time market data and charts. Thorough technical analysis allows scalpers to quickly study the market and identify price fluctuations.
- A dedicated advisory and research team is always available to seek professional stock-related recommendations and tips.
5Paisa – Top Scalp Trading Broker
In the list of Top 10 Scalping Brokers in India, 5Paisa takes the tenth place.
Set up in 2016, the Mumbai-based brokerage is a reputed name among Indian discount brokers. The brokerage house has a wide clientele base of 10 lakh+ customers.
When discussing brokers’ financial offerings, traders and investors can access equity, currencies, F&Os, commodities, foreign stocks, corporate and government bonds, and more.
Features of 5Paisa
- Firstly, you can open a demat and trading account for free. This means there is no initial cost to start your scalping trading journey.
- 5Paisa owns a trading institution called FinSchool. Here, newbie traders can learn the intricacies of the stock market and different trading styles, including scalping.
- 5Paisa’s intuitive platforms, from App to Auto Investor and Trade Station, are equipped with cutting-edge technology. They allow scalpers to execute trade orders at lightning speed.
- Moreover, you can enjoy perks like margin funding, making it possible to scalp the market with lower capital.
- 5Paisa’s award-winning research team can help you identify profitable securities. In addition, they can immediately update you about price fluctuations in your desired assets.
What is Scalp Trading?
Are you comfortable with high risk and looking for a fast-paced trading style? If so, scalping trading is the perfect strategy for you. Let’s understand scalping.
As the term suggests, Scalp Trading is when you trade frequently for a very short period, usually seconds to minutes.
This trading style involves buying and selling financial instruments, from stocks to commodities, over short periods to make small profits on multiple trades. Scalp traders, or scalpers, earn profits from minor changes in securities prices.
Scalping is a broad field that includes multiple trading strategies, such as the stochastic oscillator, parabolic SAR indicator, moving averages, 1-minute scalping, and more.
Scalping is a faster subset of day trading—if you want a broader list, see brokers built for high-frequency day trading with tighter execution speeds.
Benefits of Scalping
Fast order execution and precise timing are two key aspects that traders can master to reap the advantages of Scalping.
But what are the perks of scalp trading? This section covers the points highlighting the scalping trading benefits:
- High-frequency trading: Since scalping trading involves short holding periods, traders can place multiple orders. This further increases scalpers’ potential to earn small profits cumulatively.
- Utilising market liquidity: Scalpers often focus on highly liquid securities to capitalise on tight bid-ask spreads and quick execution.
- Quick profits: Scalpers use this style to make small, quick profits by executing trades frequently.
- Small capital requirement: You can indulge in scalp trading using small amounts of capital. Because scalpers aim to make small profits on multiple trades, they can enter trades with smaller positions.
- Low market risk: In scalp trading, trades are open for minutes or seconds. Therefore, scalping lets scalpers limit losses by closing trades quickly when the market moves against them.
Best Scalping Broker in India – Conclusion
In active trading, traders look for different trading styles to capitalise on minor price movements and make massive profits within a short duration. One such trading style gaining momentum is scalp trading.
However, scalping involves greater risks and in-depth technical analysis, which you can’t handle without the help of the Best Scalp Trading Broker in India.
This comparison guide outlines the pros and cons of the top ten scalp trading brokers, so you can choose the right one.
FAQs on Top 10 Scalping Brokers in India
Here are FAQs related to Top Scalping Trading Brokers.
How does Scalping work?
Scalping is a short-term trading technique in which traders buy and sell assets multiple times daily to capitalise on price differences and earn profits.
Scalpers look for securities whose prices fluctuate often during the day and whose prices can be sold easily and quickly.
How to start Scalping?
You can follow these tips to start scalp trading:
- Open a Demat account with a reliable scalp trading broker.
- View the watchlist and trade hot stocks each day.
- Consider buying stocks at breakouts for a quick move and selling them quickly when their prices increase.
- Trade at least three to five times daily to achieve daily profit goals
Which is better, Scalp Trading or Day Trading?
Scalp trading and intraday trading are both short-term trading styles. Depending on your wealth-generation goals and risk tolerance, you might find one technique better than the other.
Scalping is better than day trading for making quick profits with small capital.
Is 1-minute scalping good?
A 1-minute scalping strategy is a simple yet effective way to make small, consistent profits while lowering market risk.
Can you make good money in Scalping?
Theoretically, you can make good money in scalping trading. This trading style lets you capture small wins while minimising risk.
It’s best to look for hot stocks whose prices move quickly and that you can sell quickly.
Why is scalping difficult?
Scalping is deemed difficult because of competition with more knowledgeable traders in the market.
Moreover, this trading style requires scalpers to focus constantly, act quickly, and execute many trades, which can be exhausting.
Which is the best Scalping Broker in India?
Angel One ranks first as a scalping broker in India.
Is scalping suitable for beginners?
Scalping trading has low entry barriers and requires less market knowledge and capital, making it suitable for newcomers.
Which are the Top 5 Scalping Brokers in India?
Angel One, Motilal Oswal, ICICI Direct, Sharekhan, and Zerodha are recognised as the best five scalping brokers in India.
Which strategies are best for Scalping?
Some of the best trading strategies for scalping are the stochastic oscillator, parabolic SAR indicator, moving average, and relative strength/weakness exit strategy.