Best Broker for Options Trading in India

Finding the right broker for options trading in India can greatly impact your trading experience and profits. Whether you're new to options or an experienced trader, you need a platform that's easy to use, offers great tools, and doesn’t charge a fortune in fees. This guide will walk you through the best broker for options trading in India, comparing features like user-friendly platforms, advanced analytics, margins, and charges. So let’s get started!

List of Best Brokers for Options Trading in India

Here’s a list of the best options trading brokers, based on their features, charges, user base, and experience.

List of Best Option Trading Apps in India

Here is a list of the best options trading platforms, based on their app ratings and ease of use.

Overview of the Best Options Trading Platform in India

Let’s discuss a detailed overview of the best option trading apps and web platforms in India offered by some of the renowned brokers.

1. Rupeezy

Formerly known as Astha Credit and Securities Pvt. ltd, Rupeezy is a stockbroker company incorporated in 2005 with a focus on simplifying the stock trading and investment process, especially among young investors. The company offers one of the best options trading apps, featuring various option-building tools including the option-building setups. With almost 20 years of experience as a broker, Rupeezy has a customer base of more than 1.5 lakh users. The company’s partnership program offers superior benefits for its partners by providing a commission on every trade.

Features: 

• The trading platform is designed to be user-friendly and easy to navigate, even for beginners in the stock market.

• Rupeezy helps in simplifying complex financial metrics offering advanced research tools and more than 100 indicators for helping the traders make informed decisions.

• They provide a 5x margin trading facility for F&Os and stocks, allowing the traders to leverage their capital and potentially earn higher profits.  

• They have a highly responsive customer support team through calls, chat, and email ensuring to resolve all the queries that the users require.

Charges: 

• Demat Account Opening Fee - Free

• AMC - Rs.300/year or Rs. 25MMC + Taxes

• Equity - Rs. 0 per Order for equity delivery,
              0.03% or Rs. 20/per order whichever is lower for intraday trading.

• Intraweek -  Brokerage is 0.35% for buy will be charged.

• Margin trading -  0.2% on MTF for equity delivery.

• Futures  - Rs. 20 per contract

• Options - Rs. 20 per contract. If you want to avail margins in intraday options a brokerage of Rs 20 per lot of every order will be charged.

Check Rupeezy's brokerage charges to learn more

Downloads and Ratings:

• Android Rating: 4.3/5

• iOS Rating: 4.4/5

• App Downloads: 100k +

2. Upstox

Founded in 2012, Upstox quickly became one of India's top discount brokers by providing a robust trading platform for stocks, options, commodities, currencies, and mutual funds. Because of its cutting-edge trading tools and inexpensive brokerage fees, it has become popular among options traders. With the support of notable investors like Ratan Tata, Upstox has been able to establish a strong reputation and market share.

Features: 

• The broker offers two platforms: Upstox Pro Web and Upstox Pro Mobile. These platforms have features like indicators, other market data, and one-click order placing.

• The platform's ability to trade a variety of asset classes, including currencies, mutual funds, commodities, and stocks, is one of its key features.

• A very comprehensive portfolio tracker and one-click fund transfers are available. 

Charges:

• Demat Account Opening Fee: Free

• AMC - Rs.150 + GST. This applies only to those accounts opened before Aug 2021. Accounts opened post this period have Rs. 0 AMC.

• No AMC for the first year.

• Equity Intraday: Rs.20 per order or 0.05%, (whichever is lower)

• Futures:  Rs.20 per order or 0.05%, (whichever is lower)

• Options: Rs. 20 per order for Options. 

• Equity Delivery: Rs. 20 or 2.5% on Equity Delivery. (whichever is lower)

Downloads and Ratings:

• Android Rating: 4.3/5

• iOS Rating: 4.5/5

• App Downloads: 10M+

3. Zerodha

Zerodha is India's first discount brokerage firm, which was started in 2010 and has today emerged as the largest stockbroker in the country by active clients. Zerodha changed the face of the brokerage market in the country with its comparatively low price model, with no brokerage charges levied on equity delivery trades. It also offers one of the best option trading platforms and is well known for its openness, and commitment to education.

Features:

• This platform provides advanced charting features for easy trading.

• They are integrated with various other platforms like Small Case for thematic investments, Coin for Mutual Funds, and Varsity for educational resources.

• It also has powerful APIs for algorithmic trading.

Charges:

• Demat Account Opening Fee: Free 

• AMC - Rs. 0 for holding value up to Rs. 4,00,000, Rs. 100 +18% GST/year for holding value up to Rs. 4,00,000 to Rs. 10,00,000, Rs. 300+18% GST/year for holding value above Rs.10,00,000.

• Intraday: Rs. 20 or 0.03% per order 

• Futures: Rs.20 or 0.03% per Order for Futures (whichever is lower)

• Options: Rs. 20 per order   

• Equity delivery: Free

Downloads and Ratings:

• Rating on Android: 4.3/5

• Rating on iOS: 4.5/5

• No. of App Downloads: 10M+

4. Angel One

Angel One, earlier known as Angel Broking, established in 1987, is one of India's oldest and most respected stockbrokers. It is recognized as one of the best brokers for options trading in the country. having transitioned from a traditional brokerage company to a depository participant and is currently a major player in a modern, technologically driven platform, primarily operational in wide retail and institutional clientele. Angel One has a wide array of trading and investment services that it deals with—these include equities, commodities, and even portfolio management.

Features:

• Angel One provides SmartAPI for automated trading

• ARQ Prime for rule-based investing, various trading platforms, 

• Thorough research reports and margin funding facilities

• It also provides personalized advising services; hence, the platform can be used by both new and experienced investors.

Charges:

• Demat Account Opening Fee: Free

• AMC: From 2nd Year onward Non-BSDA Clients Rs. 20 + Tax / Month For BSDA (Basic Services Demat Account) Clients: If the Holding Value is Less Than Rs. 50,000 the brokerage is  Rs. 0 for Holding Value Between Rs. 50,000 To Rs.2,00,000 the brokerage is Rs.100 + Tax / Year.

• Equity Intraday: Rs. 0 brokerage up to Rs. 500 for the first 30 days. After 30 days, a lower of Rs. 20 or 0.03% per executed order will be charged 

• F&O trades - Rs. 0 brokerage up to Rs.500 for the first 30 days, After 30 days, it is Rs. 20 per executed order for Futures and option

• Equity delivery - free 

Downloads and Ratings:

• Android Rating: 4.2/5

• iOS Rating: 4.3/5

• App Downloads: 10M+

5. 5paisa

Founded in 2016, 5paisa is a discount broker that provides a variety of financial services, including stock trading, mutual fund trading, insurance, and personal loans. With an end-to-end comprehensive digital platform and the reputation of being the least expensive player in the market, it has become the go-to option for option traders. 5paisa distinguishes itself as a 'one-stop-shop' that facilitates all financial needs, making investing easy and accessible.

Features:

• They provide robo advisory for automated investment advice 

• They offer commission-free mutual fund investments 

• Advanced charting tools that help traders make wise investment decisions. 

Charges:

• Demat Account Opening Fee: Free

• AMC: Rs. 25 per month + 18% GST

• For all the segments they charge a flat fee of Rs. 20 per executed order along with the following statutory charges. The following are the statutory for each of the segments:

• Equity Intraday: 0.00332% or Rs. 322 per crore per executed order

• Futures: 0.0019% or Rs. 190 per crore per order for Futures

• Options: 0.05% or Rs. 5000 per crore for options.

• Equity Delivery: 0.00332% or Rs. 322 per crore per executed order

Downloads and ratings:

• Android Rating: 4.0/5

• iOS Rating: 4.2/5

• App Downloads: 5M+

6. Tradejini

Tradejini is also considered one of the best brokers for options trading. It was incorporated in 2012 as a flat brokerage model, making it very affordable for frequent traders. The platform allows users to trade in the securities market, as well as in commodities and currencies.

Features: 

• Advanced trading platforms like Omnesys NEST and NSE NOW 

• They provide Real-time market data and extended charting tools for ease of trading

Charges:

• Demat Account Opening Fee: Free 

• AMC: Rs. 300 + Gst per year

• Equity Intraday:0.05% or Rs. 20/ Order whichever is lower

• Equity Delivery: Rs.20 or 0.01%, whichever is lower.

• Futures: 0.05% or Rs. 20/ Order whichever is lower 

• Options: Rs. 20/ Executed Order

Downloads and Ratings:

• Rating Android: 4.1/5

• Rating iOS: 4.2/5

• App Downloads: 500K+

7. Paytm Money

Paytm Money launched its business in 2019. It is one of the discount brokers with the fastest growth, providing an appropriate investing platform for stocks, mutual funds, and exchange-traded funds (ETFs) through Paytm Money. As a part of the vast Paytm platform, Paytm Money allows consumers to enjoy consistency in both money management and payment services.

Features:

•  Paytm Money offers commission-free direct mutual fund investment options

•  Real-time market updates, ease of use, and in-depth portfolio analysis. 

• The maximum brokerage charged per trade by Paytm Money is Rs. 20.

Charges:

• Demat Account Opening Fee: Free

• AMC: Free

• Intraday: 0.05% of turnover or up to Rs. 20/- per Executed Order, whichever is lower.

• Futures: Rs. 20/- per Executed Order

•  Options: Rs. 20/- per Executed Order

• Equity Delivery - 2.5% of turnover or up to Rs. 20/- per Executed Order, whichever is lower. 

Downloads and Ratings:

• Rating on Android: 4.2/5

• Rating on iOS: 4.5/5

• App Downloads: 5M+

Charges Comparison for Top Options Trading Brokers

How to Choose the Right Broker for Options Trading

Consider the factors discussed below to choose the best broker for options trading in India.

Regulation and Safety: See if any well-known authority, such as SEBI in India regulates the broker. This will provide safety for your investment.

Fees and Commissions: Compare transaction fees, account maintenance charges, and other hidden charges. Select a broker that offers the best rates that match your trading style.

Trading Platform: Evaluate the platform's usability, speed, and features; it must be easy to use and reliable and include tools such as charts news analysis, and so on.

Step-by-Step Guide to Opening an Options Trading Account

1. Download Rupeezy App: You need to install Rupeezy’s Flow trading app from the Google Play Store/ App Store to start investing in the stock market.

2. Visit Website: You will be directed to visit Rupeezy's official website to get started with your account opening process.

3. Fill in Personal Details: Enter your personal information, including name, address, PAN number, and contact details.

4. Upload Documents: Upload necessary documents like Aadhar card, PAN card, and bank statements for KYC verification.

5. eSign the Form: Complete the process by electronically signing the application form.

6. Verification: Rupeezy’s onboarding team will verify your details, and upon successful verification, your Demat account will be activated. You shall receive a mail which will include your login credentials like Client Code and other details.

7. Set the Password: Once you receive the client code you can open the app and set your password to secure your data and other activities.

8. Start Trading: Once your account is active, you can start trading or investing through the broker’s platform.

Conclusion

Choosing the right options trading platform can significantly impact your trading profits and losses. The top options brokers we've discussed offer user-friendly platforms, competitive pricing, and robust tools that cater to both beginner and professional traders. Among them, Rupeezy, Upstox, and Zerodha stand out due to their strong platforms, smooth interfaces, and comprehensive learning resources, which simplify trading for young investors.

FAQs:

Q1. Which is the best broker for options trading in India?

Rupeezy, Upstox, and Zerodha are some of the top brokers for options trading in India.

Q2. Which broker has the lowest fees for options trading?

Relatively all the brokers charge the brokerage at similar rates. 

Q3. What is the best app for options trading in India?

Rupeezy, Upstox, and Zerodha offer the best option trading apps in the market because their innovative trading platform allows traders to seamlessly analyze and trade in the market.

Q4. Which broker offers the highest margin for F&O trading?

Rupeezy offers 5x margins for traders to perform intraday options trading at very minimal brokerage costs.

Q5. Can I trade options without a broker?

No, you can't directly trade options without a trading account with the broker. You must sign up with any of the brokers and open a trading account to start your trading journey.