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Top 10 Best Brokers for Intraday Trading in India and USA
Introduction
Intraday trading, or day trading, involves buying and selling financial instruments within the same trading day to capitalize on short-term price movements. Whether you’re trading equities, futures, or options, choosing the best brokers for intraday trading is crucial for maximizing profits and minimizing costs.
In India, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) operate from 9:15 AM to 3:30 PM IST, while in the USA, markets like NYSE and NASDAQ run from 9:30 AM to 4:00 PM EST.
The right broker offers low brokerage, high leverage, robust platforms, and reliable support to suit your trading style.
This guide lists the top 10 brokers for intraday trading in India and the USA, tailored for beginners and seasoned traders. We’ll cover broker ratings, features, advantages, disadvantages, and a detailed comparison table with metrics like brokerage fees, exposure (leverage), and platform tools.
Whether you’re trading in Mumbai or New York, our insights will help you pick a broker that aligns with your goals.
For more trading strategies, check our guide on 15 Trading Tips for Beginners at TradingPartner.in. Let’s dive into the best brokers for intraday trading
Comparison Table of Top 10 Brokers for Intraday Trading
| Sl. No. | Broker Name | Country | Rating (Out of 5) | Brokerage (Eq Intraday) | Exposure (Eq Intraday) | Exposure (Eq Futures) | Exposure (Eq Options) |
|---|---|---|---|---|---|---|---|
| 1 | Zerodha | India | 4.8 | ₹20 or 0.03%* | Up to 5x | Up to 4x | Up to 4x |
| 2 | Upstox | India | 4.7 | ₹20 or 0.05%* | Up to 5x | Up to 4x | Up to 4x |
| 3 | Angel One | India | 4.6 | ₹20 or 0.03%* | Up to 10x | Up to 5x | Up to 5x |
| 4 | 5Paisa | India | 4.5 | ₹20 or 0.03%* | Up to 5x | Up to 4x | Up to 4x |
| 5 | Rupeezy | India | 4.4 | ₹20 or 0.03%* | Up to 5x | Up to 4x | Up to 5x |
| 6 | Interactive Brokers | USA | 4.9 | $0.0035/share* | Up to 4x | Up to 10x | Up to 10x |
| 7 | Webull | USA | 4.7 | $0.00 | Up to 4x | N/A | Up to 5x |
| 8 | tastytrade | USA | 4.6 | $0.00 (stocks), $1.00/options* | Up to 2x | Up to 5x | Up to 5x |
| 9 | E*TRADE | USA | 4.5 | $0.00 | Up to 2x | Up to 5x | Up to 5x |
| 10 | TradeStation | USA | 4.4 | $0.00 | Up to 4x | Up to 5x | Up to 5x |
*Whichever is lower. Note: Brokerage and exposure may vary based on market conditions and broker policies. Always check the latest terms on the broker’s website.,,,
Top 5 Best Brokers for Intraday Trading in India
Zerodha
Features of Zerodha:
- Platform: Kite (web/mobile), HTML-5 based, 100+ technical indicators, real-time charts.
- Brokerage: ₹20 or 0.03% per order (intraday, futures, options). Zero for equity delivery.
- Exposure: Up to 5x (intraday), 4x (futures/options).
- Other: Varsity (education), Coin (mutual funds), API for algo trading.
- Client Base: 36,02,074 active clients (NSE, per).
Advantages of zerodha
- Low brokerage, no delivery charges.
- User-friendly Kite app with fast execution.
- Extensive educational resources (Varsity).
- SEBI-regulated, transparent fees [zerodha.com].
disAdvantages of zerodha
- No 24/7 customer support (email/chat only).
- Conservative leverage compared to competitors.
Slow account opening (not fully digital).
Upstox
- Platform: Upstox Pro (web/mobile), 100+ indicators, Trade from Charts (TFC).
- Brokerage: ₹20 or 0.05% per order (intraday, futures, options).
- Exposure: Up to 5x (intraday), 4x (futures/options).
- Other: Backed by Ratan Tata, UPI integration, 28,72,615 clients (per).
Advantages of UPSTOX
- Fast execution, beginner-friendly app.
- Zero brokerage for first 30 days (up to ₹500).
- Multiple asset classes (stocks, F&O, commodities).
disadvantages of UPSTOX
- No free equity delivery.
- Limited customer support hours.
Angel One
- Platform: Angel iTrade PRIME, real-time charts, 24/7 support.
- Brokerage: ₹20 or 0.03% per order, zero for first month (up to ₹500).
- Exposure: Up to 10x (intraday), 5x (futures/options).
- Other: 110 branches, US stock access, 61,00,000+ clients (per).
Advantages of Angel One
- High leverage for intraday.
- Free trading tips for beginners.
- Wide network, strong support.
disAdvantages of Angel One
- Higher fees for non-discount plans.
- Platform can lag during peak hours.
5Paisa
Features of 5Paisa:
- Platform: 5Paisa app, robo-advisory, Options Strategy Builder.
- Brokerage: ₹20 or 0.03% per order.
- Exposure: Up to 5x (intraday), 4x (futures/options).
- Other: 5,06,960 clients, mutual funds, insurance (per).
Advantages of 5paisa
- One-stop shop for financial products.
- Low-cost, beginner-friendly.
- Advanced tools (portfolio analyzer).
disAdvantages of 5paisa
- High call-and-trade fees.
- Limited global market access.
Rupeezy
Features of Rupeezy:
- Platform: Rupeezy app, 5x leverage for F&O, option strategies.
- Brokerage: ₹20 or 0.03% per order.
- Exposure: Up to 5x (intraday), 5x (options).
- Other: 4.3+ app rating, established in 2002 (per).
Advantages of rupeezy
- High leverage for options trading.
- User-friendly for beginners and pros.
- Expert stock picks.
Disadvantages of rupeezy
- Limited global investment options.
- Smaller client base than Zerodha.,
Top 5 Best Brokers for Intraday Trading in USA
Interactive Brokers
Features of interactive brokers:
- Platform: Trader Workstation (TWS), advanced charting, API trading.
- Brokerage: $0.0035/share (stocks), $0.15–$0.65/contract (options).
- Exposure: Up to 4x (intraday), 10x (futures/options).
- Other: Access to 150+ markets, regulated by SEC, FCA [interactivebrokers.com
Advantages of interactive brokers
- Low fees, wide market access.
- Robust tools for advanced traders.
- High investor protection.
Disadvantages of interactive brokers
- Complex platform for beginners.
- High futures margin requirements.
Webull
Features of webull:
- Platform: Webull app, commission-free, real-time alerts.
- Brokerage: $0.00 (stocks/ETFs), $0.65/contract (options).
- Exposure: Up to 4x (intraday), 5x (options).
- Other: 4.10% APY on uninvested cash, crypto trading (per).
Advantages of webull
- Zero commission for stocks/ETFs.
- Beginner-friendly mobile app.
- Extended trading hours.
disAdvantages of webull
- Execution quality may vary (PFOF model).
- No futures trading.
tastytrade
Features of tastytrade:
- Platform: tastytrade app, options-focused, live trading videos.
- Brokerage: $0.00 (stocks), $1.00 to open options, $0 to close.
- Exposure: Up to 2x (intraday), 5x (futures/options).
- Other: Strong educational content, regulated by FINRA.
Advantages of tastytrade
- Low options fees, ideal for options traders.
- Real-time trading insights.
- Fast execution.
disAdvantages of tastytrade
- Limited non-options features.
High service fees.
E*TRADE
Features of ETRADE:
- Platform: Power E*TRADE, Dime Buyback Program, advanced charting.
- Brokerage: $0.00 (stocks/ETFs), $1.00 to open options.
- Exposure: Up to 2x (intraday), 5x (futures/options).
- Other: Regulated by SEC, FINRA, no crypto (per).
Advantages of Etrade
- No fees for short options (<10¢).
- Strong mobile app for day trading.
- Reliable support.
Disadvantages of etrade
- No fractional shares.
- Higher margin rates.
TradeStation
Features of tradestation:
- Platform: TradeStation, customizable charting, API trading.
- Brokerage: $0.00 (stocks/ETFs), $0.50–$0.65/contract (options).
- Exposure: Up to 4x (intraday), 5x (futures/options).
- Other: High-quality research tools, regulated by SEC.
Advantages of tradestation
- Advanced platform for pros.
- Low fees for active traders.
- Customizable interface.
disadvantages of tradestation
- Steep learning curve for beginners.
- Limited customer support hours.,
10 Factors to Consider When Choosing the Best Brokers for Intraday Trading
Choosing the best brokers for intraday trading requires evaluating key factors to match your trading style and goals. Here are 10 things to keep in mind:
Brokerage Fees: Look for low or flat fees (e.g., ₹20/order in India, $0.00 in USA) to maximize profits. Compare total costs, including non-trading fees (e.g., AMC, withdrawal).
Leverage/Exposure: Higher leverage (e.g., 5x–10x in India, 2x–4x in USA) boosts potential returns but increases risk. Check segment-wise exposure (equity, futures, options).
Trading Platform: Choose platforms with real-time data, 100+ technical indicators (e.g., RSI, MACD), and fast execution (e.g., Zerodha Kite, TWS).
Order Execution Speed: Fast execution is critical for intraday trading to capitalize on price movements. Avoid platforms with downtime.
Customer Support: 24/7 support (e.g., Angel One, E*TRADE) is vital for resolving issues during trading hours.
Regulatory Compliance: Ensure brokers are regulated (SEBI in India, SEC/FINRA in USA) for fund safety.
Asset Classes: Brokers offering multiple segments (stocks, F&O, commodities) provide flexibility (e.g., Upstox, Interactive Brokers).
Educational Resources: Beginners need learning tools (e.g., Zerodha Varsity, tastytrade videos) to understand intraday strategies.
Mobile App Usability: Look for intuitive apps with charting tools and alerts (e.g., Upstox Pro, Webull). Check Play Store/App Store ratings (4.3+).
Account Opening Process: Prefer brokers with digital onboarding and low/no minimum deposits (e.g., 5Paisa, Webull).
Conclusion
Choosing the best brokers for intraday trading in India and the USA depends on your trading style, budget, and goals. In India, Zerodha leads with low fees and a robust Kite platform, while Angel One offers high leverage.
In the USA, Interactive Brokers excels for advanced traders, and Webull is ideal for commission-free trading. Evaluate brokers based on fees, leverage, platform usability, and support to find your fit.
Use demo accounts to test platforms and follow our 15 Trading Tips for Beginners to build your skills. Start small, trade smart, and let TradingPartner.in guide your journey!,
FAQs About Best Brokers for Intraday Trading
A: Low brokerage, high leverage, fast execution, and reliable platforms (e.g., Zerodha Kite, Interactive Brokers TWS) are key. Check regulation, support, and tools.
A: Discount brokers (e.g., Zerodha, Upstox) offer lower fees (₹20/order), ideal for frequent trades. Full-service brokers (e.g., HDFC Securities) provide advisory but charge higher fees.
A: Leverage of 2x–5x (India) or 2x–4x (USA) is safe for beginners. Higher leverage (e.g., 10x by Angel One) increases risk. Use stop-loss orders.
A: Yes, brokers like Interactive Brokers and Angel One offer access to US markets under RBI’s LRS ($250,000 limit). Check currency conversion fees.
A: In India, Upstox and 5Paisa have user-friendly apps. In the USA, Webull and E*TRADE are beginner-friendly with zero-commission trading.,
A: Open a demat/trading account, fund it, and use a platform with real-time data. Start with small capital (₹5,000–₹10,000) and learn strategies from TradingPartner.in.