High Margin Stock Broker In India
Different stockbrokers provide different margins depending upon their risk management. We have researched to find a stockbroker that provides high leverage, especially in option selling & Future & Equity trading. In this article, we will also discuss the features of the top highest margin brokers.
Now it has become very usual for the stockbrokers that each of them provides leverage. With Margin, you can buy more shares with the same amount that is in your trading account. Usually, the stockbroker provides you a certain times margin against the cash available in Demat & Trading your account.
You must understand that margin is a two-edged sword ⚔️. it means that it has negative effects as well as positive effects. Suppose if your trade goes on the wrong side then you will lose more money & when you are on the right side you make more money.
List Of High Margin Stock Broker
Before diving into the list of high margin stock brokers in India let’s understand how margin is provided by the stockbroker. For intraday order type such as BO(Bracket Order), CO (Cover Order) stockbroker provide an additional margin for buying & selling. Moreover, due to many factors especially volatility & events margin changes or blocked for that depending upon situations.
For this, we have come with a readymade solution for your query. We have given below the average margin of that particular stockbroker over some period. As Margin provided by Stock Broker is different for different stocks. The margin limits provided below are tentative & the Exact margin differs depends upon the market live price update.
Alice Blue
Alice Blue a Banglore-based stockbroker known for high margin with an advanced trading platform. This broker is truly meant for high-margin traders. The brokerage company allows the traders to trade at BSE, NSE, MCX. The brokerage company provides two brokerage plans depending upon margin requirements as below.
Alice Blue Margin – F15 Plan
| Segments | CNC / NRML | MIS - Intraday | Cover Order | Bracket Order |
|---|---|---|---|---|
| CASH | 3 Times | 8 Times | NA | UPTO 10 Times |
| NSE FUTURES | 1 Times | 2 Times | 2 Times | 2 Times |
| NSE OPTIONS | 1 Times | 2 Times ON BUY, 2 Times ON SELL | UP TO 4 Times ON BUY | NA |
| MC Times | 1 Times | 2 Times | 2 Times | 2 Times |
| CDS | 1 Times | 2 Times | 2 Times | 2 Times |
In this brokerage plan, you do not have to pay a brokerage fee in the equity delivery segment.
Alice Blue have a brokerage plan named F15 Plan. Recently they have reduced the brokerage fee from Rs.20 per order to Rs.15 per order under the new F15 plan (Rs. 15 Per order).
Overall, Alice Blue is the best combination of high margin for both segments equity & commodity segment along with an advanced trading platform at minimal pricing. You can even get a good margin in Bank Nifty & Nifty 50 option selling so this can also best choice.
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The index options margin for selling will be slightly lower on the expiry date. Along with that, the margin/exposure limit relies on the brokerage plan of your trading account. So, if you are looking for a high margin then you should consider account opening with Alice blue.
Edelweiss
Edelweiss is a popular high margin stock broker established back in 1995 headquartered in Mumbai. The company has a wide offline presence of over 475 offices in the 200 cities in India. Their company has also launched a discount brokerage plan for online trading.
Edelweiss Margin
| Segment | Margin/ Leverage/ Exposure |
|---|---|
| Edelweiss Equity Delivery Margin | Up to 4x on equity delivery with Margin Trading Funding |
| Edelweiss Equity Intraday Margin | Upto 40X margin for equity segment |
| Edelweiss Future Margin (Index and Stocks) | Upto 5X for stock & Index future |
| Edelweiss Options Margin | Upto 2x margin for Options selling & No leverage for option buying |
| Edelweiss Equity CO/BO Margin | Up to 80x margin in CO/BO order for selected equity scripts |
| Edelweiss Future CO/BO Margin (FCO) | Upto 10X |
| Edelweiss Commodity Margin | Upto 2-3X |
Now, Edelweiss has two plan specifically as:
- Lite Plan (Low Brokerage & Low Margin)
- Elite Plan (High Brokerage & High Margin)
Edelweiss gives the highest margin for cash, F&O, and CDS segments, especially with Elite Plan. In this plan, the margin varies from clients to clients depending upon various factors. Edelweiss also provides an equity delivery margin up to 10 times.
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Astha Trade
Astha Trade is an online and offline stockbroker company based in Bhopal, Madhya Pradesh. The company has various branches all over India. The best thing known about this stockbroker provides a high margin in almost all segments. The company has an active membership with NSE, MCX-SX, NCDEX.
Asthatrade Margin (Segment-wise)
Asthatrade High Leverage Plan (need Improvement in segment info)
In this plan, you will be charged brokerage as mentioned, This plan is beneficial for a trader who needs high margin| SEGMENT | BROKERAGE | MARGIN |
|---|---|---|
| Equity Intraday | 0.01 % ( One paisa) | 40X |
| Equity Delivery | 0.1 % ( Ten paisa) | 5X |
| F&O Futures | 0.01 % ( One paisa) | 66X |
| F&O Options | Buy (₹ 10/lot) + Sell (₹ 30/lot) | 20X |
| MCX | 0.01 % ( One paisa) | 20X |
Astha trade provides one of the highest margin in the stock broking industry, especially in crude oil. In the equity intraday segment, the company provides a margin of up to 40 times & the highest option of selling margin in India.
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Astha Trade also offers multiple trading platforms but the trading platform experience needs to be improved especially the mobile app.
Stoxkart
Stoxkart is a relatively new stockbroker in the stock brokerage industry, and it is a Delhi-based company backed by SMC Global. The company gives the trading opportunities in commodity, equity, derivatives, IPOs, and mutual fund segments.
| SEGMENT | Normal Plan (Rs.15 per executed order) | Premium Plan(Rs.30 per executed order) |
|---|---|---|
| CASH MARGIN | 15 | 20 |
| INDEX FUTURE MARGIN | 3 | 4 |
| STOCK FUTURE MARGIN | 2 | 3 |
| INDEX OPTION SELLING MARGIN | 3 | 4 |
| STOCK OPTION SELLING MARGIN | 2 | 3 |
| NSE CURRENCY MARGIN | 4 | 5 |
| MCX FUTURE MARGIN | 3 | 4 |
Stoxkart have two plan which provide different margin:
- Normal Plan (Flat ₹15 Per Order): Low Margin
- Premium Plan (Flat ₹30 Per Order): HIgh Margin
On intraday trading, the company offers a margin up to 25 times. For equity delivery, there is no margin. For the equity future segment, there is up to 7 times margin.
Stoxkart Margin (Normal & Premium Plan)
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I would suggest you try stoxkart if you are concerned about brokerage & looking for a high margin at a low brokerage. In Stoxkart, you need to pay brokerage only when you earn profit. Usually when you trade with margin & book loss then brokerage will not become a burden. Stoxkart also offers free delivery trades.
Upstox
Most of the people who look for Zerodha alternative & especially high margin stockbrokers with the same facility usually switch to Upstox.
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Upstox is a tech-based well-known stock market broker, which gives customers to trade online by their app or website. Even upstox is also a trader friendly stockbroker & offer you two plan as:
- Basic Plan (Low Margin)– ₹20 per trade or 0.05% (whichever is lower)
- Priority Plan (High Margin)– ₹30 per trade or 0.10% (whichever is lower)
Both of the brokerage plans have a different trading margin. If you are looking for a high margin then you opt for Upstox Priority Plan.
Upstox Margin (Basic & Premium Plan)
| Segment | Basic | Priority |
|---|---|---|
| NSE/BSE Cash Margin | 7x | 10x |
| Index Futures Margin | 4x | 6x |
| Stock Futures Margin | 4x | 4x |
| Index Option Sell Margin | 4x | 6x |
| Stock Option Sell Margin | 4x | 4x |
| NSE Currency Margin | 4x | 4x |
| MCX Future Margin | 2.5x | 3x |
Earlier, Upstox uses to provide 2X margin for delivery trades but due to SEBI’s new margin rule, they stopped providing margin for Delivery Trades (Margin Trading Facility). Upstox is one of the top Overall best brokers in India for trader & investor.
Angel Broking
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Angel Broking is also a prominent well-known stockbroker. Currently, angel broking offers margin up to 40X times. Earlier Angel Broking was a full-service broking company. Now they have stepped down their brokerage to ₹20 per trade so you can experience their service at a discounted rate.
Angel Broking Margin
Basically Angel Broking margin depends upon trading volume.
| Segment | 0- 25 lakhs | 25 - 50 lakhs | 50 lakhs to 1 cr | 1 cr and above |
|---|---|---|---|---|
| Cash Margin | 6 x | 3 x | 3 x | 2 x |
| Future Margin (Buy) | 10 X | 6 x | 3 x | 2 x |
| Future Margin (Sell) | 10 X | 6 x | 3 x | 2 x |
| Options Margin (Buy) | 3 x | 1 x | 1 x | 1 x |
| Options Margin (Sell) | 10 X | 6 x | 3 x | 2 x |
| Stock Future (Buy) | 8 x | 4 x | 3 x | 2 x |
| Stock Future (Sell) | 8 x | 4 x | 3 x | 2 x |
| Stock Option Margin (Buy) | 3 x | 1x | 1 x | 1 x |
| Stock Options Margin (Sell) | 8 x | 4 x | 3 x | 2 x |
| MCX Futures Margin | 5 x | 2 x | 2 x | 2 x |
| NCDEX Futures | 4 X | 2 x | 2 x | 2 x |
5paisa
5paisa is a very well-renowned trading company & backed by IIFL Securities. It became one of the largest discount brokers who comply with low brokerage charges & high margin. In 5paisa Stocks, Commodities, Currency or any segment you will be charged brokerage of ₹20/order for any value & any segment & Zero Brokerage for delivery trades.
5paisa Margin
| Segment | Margin/Limit/Leverage |
|---|---|
| Delivery Margin | Upto 5X |
| Intraday Margin | Upto 15X |
| Equity Futures Margin | Up to 3.5x leverage for futures |
| Equity Options Margin | Up to 3.5x Exposure for Options shorting |
| Currncy Futures Margin | Upto 6X |
| Currency Options Margin | Upto 10X |
| Commodities Margin | Upto 2-3X |
The company gives up to a 4x margin in the equity delivery segment. For the commodity future, there is no margin. 5paisa don’t have any specific brokerage plan for high margin but they offer you a monthly subscription which also offers you a high margin.
In case if you are looking high margin plan then you can opt for Ultra Trader Pack (₹999/month). In which you will get Intraday exposure of 4X in options on regular days and 6X on expiry days. Along with that you will also get First 100 trades FREE every month & after that Flat fee of ₹10/executed order (50% discount) from 101st trade is applied for all segments.
5paisa
IIFL Securities
IIFL (India Infoline) Broker is a low brokerage and high margin giving stock market-based company. For intraday delivery, the company takes a 0.50% brokerage charge. The company provides various margin facilities for multiple segments.
India Infoline (IIFL)
IIFL set customer exposure limitation based on numerous factors such as funds in clients trading account, type of securities, financial background of the client.
IIFL Broker Margin
| Segment | Margin/Limit/Leverage |
|---|---|
| Delivery | Upto 3x with 18% interest per year |
| Intraday | Upto 20x time Leverage |
| Equity Futures | 3x exposure |
| Equity Options | Upto 3X (Shorting) |
| Currency Futures | Upto 2x |
| Currency Options | Upto 2X |
| Commodities | Upto 3X |
IIFL is a well-recognized brand for its quality trading option. IIFL allows 15 times margin on intraday trading & up to 3X margin for the equity delivery segment.
FYERS
Fyers is an online discount stock broker company based in Bangalore. The company offers trading in many segments, like equity cash, equity intraday, etc. For intraday equity, the margin is pretty good up to 16x.
Fyers User choice
In the equity delivery segment, Fyers does not charge any brokerage fee. Fyers offer a mobile trading app and website for trading efficiently & well known for charting facility. There is only no margin available for equity delivery.
FYERS Margin
| Segment | Margin/ Leverage/ Exposure |
|---|---|
| FYERS Equity Delivery Margin | No Margin Provided |
| FYERS Equity Intraday Margin | Up to 16-20x (Depending on the stock) |
| FYERS Future Margin (Index and Stocks) | Upto 3-5X for stock & Index future Intraday |
| FYERS Options Margin | Upto 4x margin for Options selling & with CO 1.3x, Intraday Buy without BO 2-3x, Carry forward - 1x |
| Currency Future Margin | Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin |
| Currency Option Margin | Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin |
| FYERS Commodity Margin | Upto 2-3X |
Zerodha
Zerodha is among India’s topmost stock broker in terms of active clients. Zerodha is known as a flat fee discount broker. For equity delivery trades brokerage charges are zero & ₹20 rupees or 0.03% (whichever is lower) applied for intraday trades.
Zerodha Margin
| Segment | Margin/Limit/Leverage |
|---|---|
| Delivery Margin | No |
| Intraday Margin | Upto 10x margin for equity. |
| Equity Futures Margin | Upto 2x leverage for futures |
| Equity Options Margin | Upto 2x margin for Options selling & No leverage for option buying |
| Currncy Futures Margin | Upto 6X |
| Currency Options Margin | Upto 10X |
| Commodities Margin | Upto 2-3X |
They don’t provide a high margin with a normal order type. Zerodha provides a high margin with BO and CO types only. Usually, Intraday orders are squared off at around 3.20 pm & no margin is provided for Delivery Trades. So, the margin will be provided only for intraday traders.
Zerodha User choice
In the above list, we have ranked top stockbroker based on intraday margin/delivery margin, Cover Order(CO) & Bracket Orders(BO) Margin and the margin provided on pledging of a stock.
Let’s understand what is the important point you should look for margin trading.
- Firstly, you require to square off your position by end of the day if you have taken trade against the intraday margin.
- Remember, your stockbroker has the right to square-off position even before you place square off order especially in case if there is increase in volatility or any margin shortfall.
- Margin can be risky for traders as well as for stock brokers.
- Usually, you don’t have to pay for intraday margin but in the case of delivery margin trades, you have to pay interest rate or fixed charges defined by a stockbroker.
When you are trading with margin it means you are risking more money than you actually have. It has a high risk while trading with high leverage, so placing stop-loss is one of the essential things to do by the traders.
Margin is that money which money that’s get collected before giving the exposures to the broker for trading. As a margin trader, you need to speculate the movement of the stock market at any instance. You can open your account with any of the above stockbrokers to avail high margin for trading.
