What are the Best Platforms for Options Trading?

Choosing the right platform for options trading in India can be a game-changer. It’s not just about execution speed—it also affects your research, strategy execution, and overall profitability. Whether you’re a beginner dipping your toes into the market or a seasoned trader looking for advanced tools, selecting the right broker can simplify your trading journey and boost returns.

In this guide, we’ll explore the top options trading platforms in India, compare their charges and features, and give actionable tips on picking the platform that best suits your needs.

Overview of the Top Options Trading Platforms in India

Options trading is an exciting yet complex aspect of the stock market. It allows traders to hedge, speculate, or earn additional income through derivative contracts. But the key to successful options trading is having a reliable platform that combines low costs, robust tools, and responsive support.

Here’s a quick snapshot of India’s most popular brokers:

Platform	Key Strength	Target Users
Rupeezy	Beginner-friendly interface, advanced tools	Beginners & intermediate traders
Upstox	Low-cost, versatile	All levels
Zerodha	Largest discount broker, powerful analytics	Active traders & pros
Angel One	Personalized advisory, research-backed tools	Investors seeking guidance
5paisa	Cost-effective, digital experience	Budget-conscious traders
Tradejini	Flat-fee structure, active trading focus	Frequent traders
Paytm Money	Seamless app integration, zero mutual fund commission	Mobile-first investors

Detailed Platform Reviews

1. Rupeezy

Rupeezy, formerly Astha Credit and Securities Pvt. Ltd., started in 2005 and focuses on simplicity, particularly for younger investors.Rupeezy, formerly Astha Credit and Securities, has been active since 2005 and is known for its simplicity, making it ideal for new traders.

Top Features:

• Beginner-friendly interface
• 100+ indicators for technical research
• 5x margin on Futures & Options (F&O) trades
• Responsive support via call, chat, and email
• Option strategy-building tools for smarter trades

Charges:

• Demat Account Opening: Free
• AMC: ₹0 (for accounts opened after 15 June 2024), otherwise ₹25 + GST
• Equity Delivery: 0.1%
• Intraday: 0.1% or ₹20/order
• Options/Futures: ₹20 per contract

App Ratings: Android ⭐ 4.3 | iOS ⭐ 4.4 | Downloads: 100K+

Expert Tip: Rupeezy’s strategy-builder is particularly helpful for beginners wanting to learn options without risking too much capital.

Also Read: What is Dollar-Cost Averaging and How does it Work?

2. Upstox

Founded in 2012 and backed by Ratan Tata, Upstox offers powerful tools at low costs.

Top Features:

• Dual platforms: Pro Web and Pro Mobile.
• Access to stocks, commodities, currencies, and mutual funds.
• Easy fund transfers and portfolio tracking.

Charges:

• Demat Account Opening: Free
• AMC: ₹0–₹150 + GST
• Intraday/F&O: ₹20 or 0.05% per order
• Equity Delivery: ₹20 or 2.5%

App Ratings: Android ⭐ 4.3 | iOS ⭐ 4.5 | Downloads: 10M+

3. Zerodha

India’s first discount broker and largest by active users.

Top Features:

• Advanced charting for technical analysis.
• Integrations with Smallcase, Coin, and Varsity.
• API support for algorithmic trading.

Charges:

• Demat Account Opening: Free
• AMC: ₹0–₹300/year
• Intraday/F&O: ₹20 or 0.03% per order
• Equity Delivery: Free

App Ratings: Android ⭐ 4.3 | iOS ⭐ 4.5 | Downloads: 10M+

4. Angel One

One of India’s oldest brokers, founded in 1987, now a tech-driven trading platform.

Top Features:

• SmartAPI for automated trading.
• ARQ Prime for investment strategies.
• Personalized advice and strong research support.

Charges:

• Demat Account Opening: Free
• AMC: ₹0–₹100/year
• F&O: ₹20 per order after initial 30 days
• Equity Delivery: Free

App Ratings: Android ⭐ 4.2 | iOS ⭐ 4.3 | Downloads: 10M+

Also Read: What is Dollar-Cost Averaging and How does it Work?

5. 5paisa

A fully digital broker offering cost-effective trading solutions.

Top Features:

• Robo-advisory for automated investing.
• Zero commission on mutual funds.
• Advanced charts and research tools.

Charges:

• Demat Account Opening: Free
• AMC: ₹25/month + 18% GST
• Flat ₹20 per executed order across all segments

App Ratings: Android ⭐ 4.0 | iOS ⭐ 4.2 | Downloads: 5M+

6. Tradejini

Ideal for active traders with a low-cost flat-fee structure.

Top Features:

• Platforms: Omnesys NEST, NSE NOW.
• Real-time market data and charts.

Charges:

• Demat Account Opening: Free
• AMC: ₹300/year + taxes
• Flat ₹20 or 0.05% for all segments

App Ratings: Android ⭐ 4.1 | iOS ⭐ 4.2 | Downloads: 500K+

7. Paytm Money

Part of the Paytm ecosystem, providing a smooth app experience for investing in stocks, ETFs, and mutual funds.

Top Features:

• Direct mutual fund investments with zero commission.
• Real-time updates and portfolio tracking.

Charges:

• Demat Account Opening: Free
• AMC: Free
• Flat ₹20 per order or 0.05%

App Ratings: Android ⭐ 4.2 | iOS ⭐ 4.5 | Downloads: 5M+

Also Read: Which Tech Stocks are Poised for Growth in the Next Year?

How to Choose the Right Options Trading Broker

When selecting a broker, consider:

1. Regulation & Safety – Ensure the broker is SEBI-registered.
2. Low Charges – Compare brokerage, AMC, and hidden fees.
3. User-Friendly Platform – Check mobile and web app usability, charts, and indicators.
4. Customer Support – Responsive support can save time in critical trades.
5. Advanced Tools – Research, strategy builders, and real-time market data.

How to Open an Options Trading Account with Rupeezy

1. Download Rupeezy Flow Trading App from Play Store or App Store.
2. Visit the official Rupeezy website.
3. Fill in personal details: PAN, address, etc.
4. Upload documents: Aadhaar, PAN, bank details.
5. Complete eSign for KYC.
6. Verification by Rupeezy team.
7. Set password using Client Code.
8. Start trading in options or equities.

Frequently Asked Questions (FAQs)