Options trading has emerged as the most preferred derivative tool among traders recently as it offers chances to profit from market volatility and efficiently control risk. While trading options may be thrilling and profitable, success might rely on many variables, most notably the broker used.
Choosing the best options trading platform in India might be difficult because so many possibilities are accessible. To assist you in the same way, let’s take a closer look at how to select the best broker for options trading in India and the most effective options trading platform.
How To Choose The Best Options Trading Platform In India?
Whether you have been looking for the best online options trading platform or are a beginner or experienced trader, you need to remember some factors that may have a say in choosing the best options trading platform for usage.
For your reference, we have highlighted 5 important factors to consider while choosing the best options trading platform or broker in India.
1. Trading Platform
The trading platform a trader uses to trade in options determines their success. Make sure the selected broker has smooth and intuitive options trading software. To make wise choices and ensure a smooth and enjoyable trading experience, check if the platform provides cutting-edge charting and powerful trading tools.
It is always recommended to do the best options trading platform comparison before choosing a particular one. An idea options trading platform must have features like Margin on Option Buying, Free Custom Strategy Builder, and Free Pre-Built Strategies. In addition, the best options trading platform for beginners should offer a straightforward UI and easy onboarding for a flawless trading experience.
2. Applicable Brokerage And Other Charges
Before choosing the best broker for options trading or the best options trading platform for beginners, you also must take brokerage and other fees into account. It assists you in making sure that large fees do not result in a reduction in revenues.
You may do this by comparing brokerage charges and searching for options trading commission rates that are competitive. Make sure that other fees, such as brokerage, are clear and reasonable.
3. Customer Support
It is imperative that you, as a trader, assess the level of customer service provided by any broker you are considering. Verify whether the broker can respond with promptness and responsiveness.
To find out if the brokerage platform delivers services on time or if they genuinely comprehend and address issues, you can also read reviews online or in the options trading community. This will assist you in selecting the best broker for options trading in India.
4. Mobile Application
Having a dependable and feature-rich mobile trading app is crucial these days. To trade easily while on the go, find out whether the broker has a mobile app.
A leading mobile trading app should provide an online trading platform in addition to the Options Trader App to facilitate deals. Make a choice after comparing a broker’s numerous qualities to those of its rivals.
5. Brand Value
Lastly, find out about the trustworthiness and reputation of the best broker for options trading in India. Make sure that the promises are kept by comparing the broker’s performance history, internet reviews, recommendations from friends and family, and other sources before making a selection. To protect your investment, you should also confirm that the broker is registered with SEBI.
10 Best Options Trading Platforms In India
After understanding the factors that need to be considered while choosing the best options trading platform, it’s time to now understand the top 10 options trading platforms in India that offer the best value to traders. By referring to this table, you can also choose the best broker for options trading in India.
| Top 10 Options Trading Platforms in India | ||||
| S.No. | Options trading platform | Broker Name | Brokerage Charges | Active no. of Clients |
| 1 | Zerodha Pi | Zerodha | Flat ₹20 per executed order | 6000456 |
| 2 | Upstox Pro | Upstox | Flat ₹20 per executed order. | 1052679 |
| 3 | Sharekhan TradeTiger | Sharekhan | Rs 50 per lot | 765248 |
| 4 | Kotak KEAT ProX | Kotak Securities | Delivery: Rs 20 per trade | Intraday: Free | 1254978 |
| 5 | HDFC ProTerminal | HDFC Securities | Rs 20 Rs 20 Rs. 20 Per Order | 1141586 |
| 6 | Fyers One | Fyers | Rs 20 per executed order | 200,305 |
| 7 | Ventura Pointers | Ventura Securities | Rs 10 per lot | 106,138 |
| 8 | Trade Station | 5Paisa | Rs 20 per executed order | 2145789 |
| 9 | TradeSmart | VNS Capital and Financial | Rs 15 per order | 22579 |
| 10 | Paytm Money | Paytm | Rs 20 per executed order | 7,04,044 |
1. Zerodha Pi
Zerodha Pi is considered the best options trading platform in India which reflects in the no. of active clients the stockbroker has. Zerodha is not just a leader in the discount broking sector in India but it features state-of-the-art trading platforms that make options trading a smoother experience from start to end. Zerodha Pi is the browser-based trading platform that offers the same features its flagship trading app Zerodha Kite offers. In addition, the stockbroker offers 3 times or 40% NRML margin to traders.
Brokerage Charges
| Segment | Brokerage Charges |
| Equity Delivery | Zero |
| Equity Intraday | 0.03% or Rs 20/trade whichever is lower |
| Equity Futures | 0.03% or Rs 20/trade whichever is lower |
| Equity Options | Rs 20/trade |
| Currency Futures | 0.03% or Rs 20/trade whichever is lower |
| Currency Options | Rs 20/trade |
| Commodity Futures | 0.03% or Rs 20/trade whichever is lower |
| Commodity Options | Rs 20/trade |
2. Upstox Pro
Upstox Pro is another best options trading platform in India that offers unmatched benefits to traders in regard to trading options. The trading platform is backed by Upstox, a leading Mumbai-based discount stockbroker. Upstox Pro is completely free of cost and comes with a lot of features that make stock trading a feasible affair.
The trading app has some of the most lucrative features like customized watchlists, real-time market information, advanced charts with 100+ indicators and more.
Upstox Brokerage Charges Details
| Segment | Brokerage Charges |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 20 per executed order |
3. Sharekhan TradeTiger
Sharekhan is one name in the Indian stockbroking sector that needs no introduction and options trading is no exception. Having years of expertise in stock broking, Sharekhan has both excellent online and offline presence which makes it a wonderful choice for traders and investors.
Being the best options trading platform in India, Sharekhan TradeTiger trading terminal is known for providing a broker-dealer terminal-like experience to stock traders. Some of its major offerings are advanced charting, advanced orders, one-click filter, multiple market watch, API integration, online customer support, access to trading calls, etc.
Brokerage Charges Details:
| Segment | Brokerage Charges |
| Monthly Fee (Fixed) | |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.10% |
| Equity Futures | 0.10% |
| Equity Options | Rs 50 per lot |
| Currency Futures | 0.10% |
| Currency Options | Rs 30 per lot |
| Commodity Futures | 0.03% |
| Commodity Options | 0.03% |
4. Kotak KEAT Pro X
Kotak Securities is one of the most promising full service stock brokers in India and offers an easy to use best options trading platform in India – KEAT Pro X. This is a downloaded trading terminal that allows traders to trade in BSE, NSE currency markets and MCX Commodities. Its major features are charting tools with indicators, personalized watchlists, key market information, live quotes, market reports, etc.
Kotak Brokerage Charges
| Segment | Brokerage Fee |
| Monthly Fee (Fixed) | |
| Equity Delivery | 0.25% (Minimum Rs 20 per trade) |
| Equity Intraday | Free |
| Equity Futures | Delivery: Rs 20 per trade | Intraday: Free |
| Equity Options | Delivery: Rs 20 per trade | Intraday: Free |
| Currency Futures | Delivery: Rs 20 per trade | Intraday: Free |
| Currency Options | Delivery: Rs 20 per trade | Intraday: Free |
| Commodity Futures | Delivery: Rs 20 per trade | Intraday: Free |
| Commodity Options | Delivery: Rs 20 per trade | Intraday: Free |
5. HDFC ProTerminal
Researchers, traders, and analysts use HDFC ProTerminal, a well-liked options trading platform, to learn about the history, present, and future of the market. The cutting-edge system, built for efficiency, dependability, and precision, collects data from thousands of global sources to give users access to current, usable information. Its major features are news analysis, predictive data analysis, sentiment analysis, global market trends, excel based trading, order slicing in cash, etc. Don’t forget to check this best options trading platform in India.
HDFC Brokerage Charges
| Segment | Brokerage Charges | ||||||||
| Plan | Lite Zero | Lite 199 | Lite 299 | Lite 999 | Alpha 1999 | Alpha 2999 | Alpha+ 3999 | Alpha 4999 | Alpha+ 5999 |
| Plan (Subscription Fee) | Rs 0 | Rs 199 | Rs 299 | Rs 999 | Rs 1,999 | Rs 2,999 | Rs 3,999 | Rs 4,999 | Rs 5,999 |
| Equity Delivery(%) | 0.50 | 0.32 | 0.27 | 0.22 | 0.18 | 0.15 | 0.15 | 0.10 | 0.10 |
| Equity Intraday(%) | 0.050 | 0.032 | 0.027 | 0.022 | 0.018 | 0.015 | 0.015 | 0.010 | 0.010 |
| Options (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Futures (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Zero Brokerage on ETF | No | No | No | No | No | No | Yes | No | Yes |
6. FYERS One
FYERS provides a robust trading platform called FYERS One. Technical and fundamental traders are the target audience for the site. To increase trading speed and accuracy, it provides a number of strong features including Market 360 degrees, technical screeners, and sophisticated charting. Fyers Securities is an online cheap stock broker situated in Bangalore.
At the NSE, Fyers provides trading in the Currency Derivatives, F&O, and Equity Cash categories. In 2015, Fyers began operating in India. “Focus Your Energy & Reform the Self” is an acronym that stands for the company’s basic values.
FYERS One Brokerage Charges
| Segment | Brokerage Fee |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order or .03% whichever is lower |
| Equity Futures | Rs 20 per executed order or .03% whichever is lower |
| Equity Options | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or .03% whichever is lower |
| Currency Options | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | Rs 20 per executed order |
7. Ventura Pointers
Founded in 1994, Ventura Securities Ltd. is a well-known stock broker with its headquarters in Mumbai. Throughout more than 30 locations and more than 500 business partners (sub-brokers and franchisees) spread over 300 Indian cities, Ventura offers a comprehensive array of investment products and services. The trading programme ‘Pointer’ is provided by Ventura Securities and must be installed on the computer. Clients of Ventura may download the programme and trade on the NSE and BSE, among other stock markets. With Pointer, traders may invest in mutual funds, trade equity, equity derivatives (F&O), and submit an IPO application.
Ventura Brokerage Charges
| Segment | Brokerage Fee |
| Monthly Fee (Fixed) | Rs 3,500 per year |
| Equity Delivery | 0.20% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs 50 per lot |
| Currency Futures | Rs 10 per lot |
| Currency Options | Rs 10 per lot |
| Commodity Futures | 0.15% |
| Commodity Options | Rs 50 per lot |
8. 5Paisa Trade Station
5paisa developed Trade Station EXE, a desktop trading terminal that can be downloaded. On a desktop computer or a laptop, the online trading programme may be downloaded and used to trade online. It provides a number of features, including:
- Option to monitor your preferred stocks and contracts using NSE and BSE
- Customized watchlists
- High-end charting tools for stock analysis
- Cover Orders and Bracket Orders
- Quick Fund Transfer Capability
- For lower costs, use the Order Slicing option.
- Quick keys to enable quicker trading
5Paisa Brokerage Charges
| Segment | Brokerage Fee |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 20 per executed order |
| Equity Intraday | Rs 20 per executed order |
| Equity Futures | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order |
| Currency Options | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order |
| Commodity Options | Rs 20 per executed order |
9. TradeSmart by VNS Capital
TradeSmart by VNS Capital is another best online options trading platform for beginners and experienced traders. It allows them to trade in equity, futures & options, commodities, currency derivatives, IPO, and mutual funds. With over 1lac active users, TradeSmart is a wonderful choice for those looking to trade in options.
TradeSmart Brokerage Charges
| Equity Delivery Trading | 0.24% |
| Equity Intraday Trading | 0.02% |
| Commodity Options Trading | 0.02% |
| Equity Futures Trading | 0.02% |
| Equity Options Trading | Rs.24 per Lot |
| Currency Futures Trading | 0.02% |
| Currency Options Trading | Rs.15 per Lot |
| Minimum Brokerage | Percentage of Transaction |
| Demat AMC Charges | Rs.240 per Annum |
| Trading AMC Charges | Free |
| Margin Money | Minimum Rs.2,000 |
10. Paytm Money
Last but not the least, your search for the best options trading platform can also consider Paytm Money, a fast-emerging trading platform among new-age traders. Backed by the reliability and brand worth of Paytm , the best options trading platform has come a long way in the stockbroking domain by offering unmatched value to stock traders and investors.
Paytm Money Brokerage Charges
| Segment | Brokerage Fee |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is low |
| Equity Futures | Rs 20 per executed order or 0.01% whichever is low |
| Equity Options | Rs 20 per executed order |
Conclusion
Whether you have been looking for the best broker for options trading in India or the best options trading platform, the aforementioned choices are worth considering. These trading platforms are not just based on advanced trading mechanism but they endeavor to provide much value to traders in terms of ease of use, steadfastness, responsiveness, and other parameters. However, to get the best outcomes, it is recommended to do thorough options trading platform comparison before choosing a particular trading platform or broker. Another crucial things to get your hands on the best options trading strategies that can help you maximize your profits.
FAQs Related To Best Options Trading Platform
Qu1. Which is no. 1 options trading platform in India?
Ans. As of now, Zerodha Kite is known to be the best options trading platform in India for both beginners and experienced traders.
Qu2. What is the minimum amount should I have to start options trading in India?
Ans. There is no need to have a large sum of money to do options trading in India and one can easily indulge in the same with a sum of Rs. 2 lakh.
Qu3. What is the profit potential in options trading?
Ans. The maximum profit you can make while selling an option is the amount of the premium received, but there is frequently an infinite risk of loss. The cost of the options premium is the maximum you might lose when you buy an option, and your upside could be infinite.
Qu4. Can options trading be done regularly?
Ans. It is possible to make money every day in the stock market with option trading, but it is not as simple as it seems. Despite the 90% profitability of your plan, there is always a 10% danger of losing money.