In this Article, We will look into the Top 10 Intraday Trading Brokers in India. Let’s deep dive.
Trading enthusiasts are always seeking for good deals. And to a great extent intraday trading is something to catch on. But prior delving into intraday trading, it is important to clear out the concept.
And according to the concept, it is the type of trading where the traders have to accomplish the task of buying and selling in a single day within a stipulated trading period.
After a headhunt research the professionals have jotted the list of Top 10 Intraday Trading Brokers, therefore, go through these brokers to understand their ranking and features.
Top 10 Intraday Trading Brokers in India – List of Best Intraday Trading Brokers
Ranking | Intraday Trading Brokers |
1 | Angel Broking |
2 | Zerodha |
3 | Sharekhan |
4 | Motilal Oswal |
5 | Kotak Securities |
6 | 5Paisa |
7 | Mastertrust Capital |
8 | Indiabulls Ventures Shubh |
9 | Axis Direct |
10 | ICICI Direct |
The above-drawn table gives a precise picture in regard to the ranking of each of the intraday trading brokers in India.
As per the table, the most demanding intraday trading company securing the first position is none other than Angel Broking.
Then the second, third, and fourth position is successfully secured by top-notch intraday trading companies such as Zerodha, Sharekhan, and Motilal Oswal.
While the 5th, 6th, 7th, 8th, 9th, and 10th rank holders are Kotak Securities, 5Paisa, Mastertrust Capital, Indiabulls ventures Shubh, Axis Direct, and ICICI Direct. Therefore you can comprehend that these top 10 rankers are the best intraday trading brokers in India.
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Best Intraday Trading Brokers – Ranking Parameters
The ranking has been derived from the 5 most important parameters used by Intraday Traders in their regular investment.
Here are these 5 Parameters
- Intraday Trading Tips & Strategies
- Intraday Brokerage & Other Charges
- Trading Apps & Platforms
- Intraday Exposure & Limits
- Intraday Support
A trader is fascinated to invest in trades when the price is low and gets equal interest in selling when the price is high. Therefore, intraday traders love to get real privileges from intraday trading brokers in the market.
But the fact is that there are certain underlined parameters like the intraday tips and strategies, brokerage and other charges, and trading platforms that predominantly determine the conduct of individual intraday trading companies and their influence on the traders.
Let’s do a detailed analysis of these parameters & which broker is performing better in each of these.
Best Intraday Trading Brokers in Intraday Tips & Strategies
Intraday traders are always on the search to get some quick tips to make the best bet from intraday trading. Honestly, they desire to get useful strategies and tricks from trusted sources.
Well, there are some top-notch intraday trading companies like Sharekhan, which is ranked first in the list to offer you trusted tricks, and tips for intraday trading followed by Angel Broking and Motilal Oswal in the second and third position accordingly.
Now, these companies let you get the highest profit by offering you proven information pertaining to tips and strategies.
Top Intraday Trading Brokers in Intraday Brokerage & Other Charges
When a trader considers the game of trading obviously, he prefers to cling to intraday trading companies whose brokerage fees are substantially less.
That means whatever the trader gains should stay intact and there is no need to compromise the gain in any case. Therefore, intraday trading companies assure you of a comfortable journey without pressurizing on pocket.
The intraday trading companies such as the 5Paisa placed in the first position whose brokerage amount is quite less in comparison to the companies like Angel Broking and Zerodha who have secured second and third places respectively.
Best Intraday Brokers in Trading Apps & Platforms
An intraday trader would never like to compromise on the trading app. On the contrary, he would like to have trading apps, which are programmed with user-friendly features.
On top of that should have high-end tools like analytical charts and other cutting-edge features which will help them to trade successfully.
In that category, Kotak Securities stands out first in the list because the trading app they offer is diligently the best for day traders while Sharekhan and Zerodha are in the second and third position respectively.
Top 10 Intraday Brokers in Intraday Exposure or Limits
Prior to counting on the companies offering decent intraday exposure, a day trader needs to understand that Intraday exposure means the additional capital the intraday traders receive from the stockbroking companies.
Note that it is a type of loan offered to the day traders against the shares. This type of exposure can be coined as leverage as well.
Apart from this, there are a few parameters like the volume of the shareholding, and script types that determine the amount of exposure to be offered.
Remember that, the exposure ranges within a certain ceiling extends between three to forty times.
In that context, it is worth saying that the intraday broker Angel Broking stands first in the category offering the best intraday exposure compared to Sharekhan, which has occupied the second position, and Motilal Oswal occupies the third position in the category.
Best Intraday Trading Brokers in Intraday Support
Intraday support means it is the level of service offered during a crunch time of Intraday trading.
In that context, the intraday trading companies, which facilitated traders to purchase shares in the falling market, are like Motilal Oswal which has bagged first in the category while Angel Broking and India Infoline occupy second and third positions.
Top 10 Intraday Trading Brokers – Conclusion
In conclusion, it is significant to highlight that the intraday companies are always there beside you to make traders enjoy consistent gains from the market.
The Best Intraday Trading Brokers invariably makes sure that traders should stay updated about the latest trading trend in the market.
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