In the last couple of years, Options trading especially options selling is being getting popular. With such high volumes, it becomes very important that we chose the right broker for our trading. In this post, we have researched and presented the best brokers for options trading in India.
Options sellers in India play an important role in the Indian options trading industry. In simple terms, options sellers usually act as market makers who match buy and sell orders for options contracts based on the current market conditions. Options trading is a very advanced form of trading; therefore, having the right options seller is of utmost importance if you want to trade successfully.
The list below takes into account numerous factors (such as trade volume, customer satisfaction, etc.) to identify some of the best brokers for options trading in India. The list is arranged in no particular order and does not include any names or affiliations. However, it does provide a general overview of some of the top-ranked brokers who offer options trading services in India.
- Choosing a broker to trade with is an important decision and should not be taken lightly. It’s a good idea to review each option carefully before settling on one provider; research should include not only fees but also other relevant factors such as app functionality, customer service availability, risk management tools, educational materials, and more.
- We hope that this list helps you find the right broker for your specific needs!
Top Brokers for Options trading in India
Options selling has gained prominence in India with many traders taking advantage of the opportunities in this space. It is one of the most popular instruments for creating passive income for the trader. Options selling gives the trader the opportunity to generate returns from different market conditions.
In this article, we will look at the best brokers for options trading in India and their strategies for trading options:
Zerodha is one of the top options sellers in India and provides trade execution services for equity, derivatives, currency and commodities. It is one of the best brokers for intraday trading and automated trading, offering lower brokerage fee structure. The platform aims to provide transparent investment services. Zerodha ensures a hassle-free trading experience with their user- friendly software interface that is available both on web and app platforms, making it convenient and easy to access.
Zerodha offers a host of features such as an option screening tool, free virtual trading facility that allows users to try out strategies in the market without investing any money. It also offers margin products such as BO (Bracket Order), CO (What is a Cover Order? A Cover Order is a two-legged order w...), and MIS (Margin Intraday What is the meaning of Square Off in trading? In trading ter...). Along with these tools, Zerodha also provides Positional Trading solutions by introducing unique products such as ‘Order Coach’ which enables users to place orders without having prior knowledge about markets.
In addition to all these, Zerodha also aims to promote financial literacy by offering various E-learning courses which are completely free of cost. These courses are aimed at educating investors on various aspects of stock market basics such as fundamental analysis; technical analysis, derivative strategies etc.
Angel Broking is one of the leading players in the Indian stock market, offering a wide range of services for investors. The company has been around since 1987 and is one of the oldest and most reliable options sellers in India.
Angel Broking has a wide range of services including IPOs, Mutual Funds, Equity Trading, Commodity Trading, Currency Trading, research & advisory services as well as investment banking operations.
Angel Broking provides a comprehensive trading platform which features real-time price streaming and analytics provided by its in-house team of qualified professionals. Clients have access to customized portfolio building tools and personalized analytics that enable them to make informed decisions. Angel Broking also offers customers the freedom to trade options both online or through their mobile app.
Angel Broking constantly monitors the markets and provides timely market insights to users on the go with its comprehensive app.
5Paisa is one of the top ten options sellers in India. The company has been in the online trading industry since 2005 and is currently ranked among the leading stock brokers in terms of customer satisfaction, responsiveness, reliability and technological advancement. With a strong focus on options selling and a wide range of products on offer, 5Paisa has become a popular choice among traders seeking to make money through trading.
Some of their features include:
- Commitment to low brokerage charges
- Enhanced risk management with real time position tracking & comprehensive market surveillance
- Complete chain of investment assets: Equity, Commodities, Currency & Mutual Funds
- Easy to use platform with innovative insights and research tools providing access to global opportunities
- Near unlimited exposure on all stock exchanges with multiple electronic clearing houses
- Real time Money deposit & withdrawal facility coupled with fast account opening process.
Customers can also avail other benefits such as 24×7 customer support, regular webinars conducted by experts for online education purposes and zero delivery charges for Intraday Equity trades placed through 5Paisa mobile app.
ICICI Direct is one of the top options sellers in India. As a trusted broker, ICICI Direct provides a wide range of platform choices, trading solutions, and analytical tools. With ICICI Direct, you can trade derivatives including options, futures, currency and commodities. Offering competitive services and fees, ICICI Direct also makes mobile trading available with its web-based and mobile app options.
In terms of security measures, ICICI Direct has the complete range of necessary measures with its two-factor authentication system to ensure secure transactions. Additionally, the platform is integrated with SSL encryption technology that ensures all your data is safe at all times. From pricing to order placement to execution speed to customer service – ICICI ensures that you are provided with an optimal trading experience every time!
Motilal Oswal is one of the leading Indian brokers providing products and services related to stocks, derivatives and commodities. The company has its headquarters in Mumbai, India. It is a part of Motilal Oswal Securities Limited (MOSL), a publicly listed company on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Motilal Oswal is one of the top 10 options sellers in India.
The company offers various features to its traders which includes:
- Funding & Withdrawals
- Research & Analysis Tools
- Trading Platforms – Web & Mobile
- Support Desk for Pre Trade & Post Trade Services
and other features such as:
- Integrated Back Office Solutions for Portfolio Management Services
- Single Platform for Viewing Stock Holdings
- Multi Broker Trading through a Single Platform
- and other facilities.
The top 10 options seller in India from Motilal Oswal provides unlimited demat account along with transaction support service to its customers. Its flagship product OMS Classic offers real-time streaming quotes without any extra cost or subscription fee while OMS Pro supports advanced trading functionalities at an affordable price point which makes it ideal for active traders looking for advanced trading tools. The platform is available both as web version as well as mobile app version so that users can access the markets anytime anywhere with ease and convenience.
Motilal Oswal also provides great customer service through online chat support or call centers where you can call anytime on the given toll free number and get assistance instantly. With the increase in incentives offered by competitors such as Zerodha or Upstox, Motilai Oswal continues to remain strong in terms of low commissions fees along with technical assistance offered by motivated professionals over phone or chat support which makes it an ideal choice for newbies as well experienced traders alike.
HDFC Securities is a leading Indian stockbroker providing trading services in equity, currency, derivatives and mutual funds. It offers several options related services such as Equity Options Trading, Currency Options Trading and Mutual Fund Investing.
Established in 2000, HDFC Securities is a subsidiary of Housing Development Finance Corporation Limited (HDFC) which is one of the largest finance companies in the world. The company has been partnering with the National Stock Exchange (NSE) since January 2001 to offer competitive trading services with superior customer support and superior technology.
With its wide range of services in stocks and derivatives, HDFC Securities provides investors with access to both domestic as well as international markets. It also provides commodities trading facilities to its customers.
HDFC Securities offers a variety of options related products to traders such as equity options trading, currency options trading and mutual fund investing for investors looking for higher returns at lower risk levels. They also provide integrated online and mobile platforms for customers to trade from anywhere at any time. HDFC Securities have an active presence on social media platforms like Twitter and Facebook which helps them stay connected with their customers. They are known for their smooth operations, efficient customer service and innovative products designed to make investing simpler.
Upstox, formerly known as RKSV Securities, is a powerful online trading platform in India offering stock and share trading options to investors. The firm stands at the forefront of Digital Financial Technology as it allows users to trade stocks as well as currency, commodities and other asset classes.
Upstox offers low brokerage fees for retail investment accounts. In addition to this, the Upstox Pro app allows users to make one-click investments in stocks across all major exchanges in India without having to log into their computer terminal continuously.
The platform has many features such as real-time market data feeds, live tracking of trades and streaming quotes that help investors make informed decisions about their investments. Upstox also provides margin funding opportunities for customers who want to trade with additional capital. Through their partners, Upstox allows traders access to advanced tools such as technical analysis indicators and charting software like TradingView and Zerodha Pi.
Upstox’s support team is available 24×7 through phone, emails or chat which ensures that traders can easily get assistance when they need it most. The platform also provides personalized advice from experts based on the customer’s risk profile and preferences. Upstox allows users to open an account without paperwork or physical visits saving them time and money in the long run. Investors can also fund their account using a bank or UPI transfer or through third party wallets like Paytm or PhonePe depending on their preference.
Sharekhan is a leading online stock trading service provider in India. It provides a range of services, including the option to buy and sell stocks and options. Option trading enables investors to hedge their equity investments, reduce risk and potentially enhance returns.
Sharekhan is one of the most popular options sellers in India, offering its investors a wide array of services that include market analysis, portfolio management tools, research reports, real-time news feeds, a variety of order types for execution and more. Sharekhan has made significant investments in technology to make sure that its clients get the best possible experience when executing their trades.
Sharekhan offers an integrated platform combining stock trading with derivatives (options) service at a low brokerage rate making it one of the top 10 options sellers in India. Some of the features offered by Sharekhan include:
- Mobile trading facilities on all platforms including Android and iOS.
- Quick order placement with advanced charting.
- Advanced technical strategies such as swing trading, covered calls & bulls spreads.
- Handholding customer service with dedicated customer executive.
- Personalized expert recommendations.
- User friendly product suite with automated trade ideas and more.
As such, Sharekhan is one of the preferred options service providers for many investors in India today.
Edelweiss is a leading provider of options and futures products in India. They offer an array of services including options trading, technical analysis, derivatives analysis, and training courses. With Edelweiss, traders have access to live quotes, advanced charting tools, market watch, and more. Furthermore, they have a mobile app that serves to diversify your trading opportunities.
With timely market updates and economic insights in real-time, Edelweiss ensures that traders have the latest knowledge they need to make the right decisions at all times. Its customer service team is also one of its key strengths as they are available 24/7 to answer all your queries related to options trading.
IIFL, also known as India Infoline, is one of the leading Indian securities companies providing an array of services to its customers. It offers reliable option selling services along with other financial packages such as research reports, mutual funds, stocks and commodities transactions.
IIFL provides a one-stop destination for option selling when it comes to traders looking in India. Options selling is a major activity during stock market trading and requires higher levels of expertise than regular trading. With IIFL’s options selling services, clients can get access to tools and information needed for effective decision making in trading stocks, derivatives or commodities with an assured expert assistance at every step.
The company has a dedicated team that specializes in options investments and related advice along with safekeeping of accounts and security norms. It follows a 2-tier layered checking system which ensures accuracy without fail at all times. Its prices are reasonable compared to the international standers and its services prove to be cost-effective for growth investors as well as value investors who look for steady returns from their investments over long periods of time or short durations respectively.
Apart from its options selling services IIFL also offers daily market overviews giving miniscule details on trade reviews while suggesting strategies & taking updates on portfolio holdings on regular basis which may come handy during volatile markets when decisions have to be taken quickly but carefully so that losses are curtailed while maximising profits at the same time.
The best way to determine the most suitable options seller in India for your trading needs is to assess your trading requirements, research the services and features available from different brokers, and compare their fees and customer service.
The top 10 options sellers in India offer a variety of services, such as margin accounts with customizable risk management tools, comprehensive customer support, easy-to-use tools and innovative platforms. From online brokers to providers of end-to-end trade settlement services, there are a range of options suitable for traders of all levels.
When choosing an options seller in India it is important to consider factors such as:
- Trading fees
- Choice of underlying markets & instruments offered by the broker
- Commission structure
- Customer service quality & response times
By understanding your specific trading goals you can compare different options sellers in India to find one that suits your unique needs. Ultimately this will help you get the most out of your investment decisions.