What are the Best Platforms for Options Trading?
Choosing the right broker for options trading in India can make a big difference in your trading journey—not just in how smoothly things run, but also in how much profit you make. Whether you’re just getting started or have been trading for years, you need a platform that’s easy to use, offers powerful tools, and keeps fees low.
In this guide, we’ll break down the top brokers for options trading in India. We’ll look at features like platform design, tools, margins, and charges so you can choose the one that fits your needs best. Let’s dive in!
Overview of the Top Options Trading Platforms in India
Let’s take a closer look at some of the most popular trading platforms offered by leading brokers in India.
1. Rupeezy
Previously known as Astha Credit and Securities Pvt. Ltd., Rupeezy started in 2005 and focuses on making stock trading simple, especially for younger investors. With almost two decades of experience and over 1.5 lakh users, Rupeezy offers one of the best options trading apps in India.
Top Features:
- Easy-to-use platform, even for beginners.
- Advanced research tools with 100+ indicators.
- 5x margin on F&O and other stocks.
- Responsive customer support via call, chat, and email.
- Option strategy-building tools for smart trading.
Charges:
- Demat Account Opening: Free
- AMC: ₹0 (for accounts opened after 15 June 2024), ₹25 + GST otherwise
- Equity Delivery: 0.1%
- Intraday: 0.1% or ₹20 per order (whichever is lower)
- Options/Futures: ₹20 per contract
- Intraday Options Margin: ₹20 per lot per order
App Ratings:
- Android: ⭐ 4.3
- iOS: ⭐ 4.4
- Downloads: 100K+
2. Upstox
Launched in 2012, Upstox is a popular choice for traders who want a solid platform at low cost. Backed by big names like Ratan Tata, it’s known for powerful tools and great user experience.
Top Features:
- Two platforms: Upstox Pro Web and Pro Mobile.
- Access to stocks, mutual funds, commodities, currencies.
- Easy fund transfers and portfolio tracking.
Charges:
- Demat Account Opening: Free
- AMC: ₹150 + GST (for older accounts), ₹0 for new ones
- Intraday/Futures/Options: ₹20 or 0.05% per order
- Equity Delivery: ₹20 or 2.5%, whichever is lower
App Ratings:
- Android: ⭐ 4.3
- iOS: ⭐ 4.5
- Downloads: 10M+
3. Zerodha
Zerodha is India’s largest and first discount broker. Since 2010, it has led the industry with its zero brokerage model for delivery trades and powerful tools for all levels of traders.
Top Features:
- Advanced charting tools for better decisions.
- Integrations with platforms like Smallcase, Coin, and Varsity.
- APIs available for algorithmic trading.
Charges:
- Demat Account Opening: Free
- AMC: ₹0–₹300/year based on holding value
- Intraday/Futures/Options: ₹20 or 0.03%, whichever is lower
- Equity Delivery: Free
App Ratings:
- Android: ⭐ 4.3
- iOS: ⭐ 4.5
- Downloads: 10M+
Also Read: What is Market Capitalization and Why does it matter?
4. Angel One
Angel One (formerly Angel Broking) is one of India’s oldest brokers, started in 1987. It has successfully evolved into a tech-driven platform with services for both individual and institutional investors.
Top Features:
- SmartAPI for automated trading.
- ARQ Prime for smart investment strategies.
- Personalized advice and strong research support.
Charges:
- Demat Account Opening: Free
- AMC: ₹0–₹100/year depending on account type
- First 30 days: ₹0 brokerage up to ₹500
- After 30 days: ₹20 per order for F&O
- Equity Delivery: Free
App Ratings:
- Android: ⭐ 4.2
- iOS: ⭐ 4.3
- Downloads: 10M+
5. 5paisa
Founded in 2016, 5paisa offers a full digital experience with services ranging from stock and mutual fund trading to insurance and loans. It’s known for being extremely cost-effective.
Top Features:
- Robo-advisory for automated investing.
- Zero commission on mutual funds.
- Advanced charting and analysis tools.
Charges:
- Demat Account Opening: Free
- AMC: ₹25/month + 18% GST
- Flat ₹20 per executed order across segments + standard taxes
App Ratings:
- Android: ⭐ 4.0
- iOS: ⭐ 4.2
- Downloads: 5M+
Also Read: What is Dollar-Cost Averaging and How does it Work?
6. Tradejini
Tradejini started in 2012 and offers a low-cost, flat fee structure. It’s great for active traders who need powerful tools without high fees.
Top Features:
- Platforms like Omnesys NEST and NSE NOW.
- Real-time market data and detailed charts.
Charges:
- Demat Account Opening: Free
- AMC: ₹300/year + taxes
- Flat ₹20 or 0.05% (whichever is lower) for all segments
App Ratings:
- Android: ⭐ 4.1
- iOS: ⭐ 4.2
- Downloads: 500K+
7. Paytm Money
Launched in 2019, Paytm Money is part of the Paytm ecosystem and has quickly gained popularity with its easy-to-use app for investing in stocks, ETFs, and mutual funds.
Top Features:
- Direct mutual fund investments with no commission.
- Real-time updates and detailed portfolio tracking.
Charges:
- Demat Account Opening: Free
- AMC: Free
- Flat ₹20 per order or 0.05% for all trades (whichever is lower)
- Equity Delivery: 2.5% or ₹20 per order (whichever is lower)
App Ratings:
- Android: ⭐ 4.2
- iOS: ⭐ 4.5
- Downloads: 5M+
Quick Comparison of Brokerage Charges
| Broker | Account Opening | AMC | Intraday | Delivery | Futures | Options |
|---|---|---|---|---|---|---|
| Rupeezy | Free | ₹25–₹300 | 0.1% or ₹20 | 0.1% | ₹20 | ₹20 per contract |
| Upstox | Free | ₹0–₹150 + GST | ₹20 or 0.05% | ₹20 or 2.5% | ₹20 or 0.05% | ₹20 per order |
| Zerodha | Free | ₹0–₹300 | ₹20 or 0.03% | Free | ₹20 or 0.03% | ₹20 per order |
| Paytm Money | Free | Free | ₹20 or 0.05% | 2.5% or ₹20 | ₹20 | ₹20 |
| Angel One | Free | ₹0–₹100 | ₹0 (first 30 days) then ₹20/order | Free | ₹20 | ₹20 |
| 5paisa | Free | ₹25/month + GST | ₹20 + taxes | ₹20 + taxes | ₹20 + taxes | ₹20 + taxes |
| Tradejini | Free | ₹300 + tax | ₹20 or 0.05% | ₹20 or 0.01% | ₹20 or 0.05% | ₹20 |
How to Choose the Right Options Trading Broker
Here are a few things to keep in mind before you pick a broker:
- Regulation & Safety: Make sure the broker is registered with SEBI or a similar authority.
- Low Charges: Compare brokerage and account fees.
- User-Friendly Platform: Check if the app/website is easy to use and has useful tools like charts and indicators.
Also Read: Which Tech Stocks are Poised for Growth in the Next Year?
How to Open an Options Trading Account with Rupeezy
- Download the App: Install Rupeezy’s Flow Trading App from the Play Store or App Store.
- Visit the Website: Go to Rupeezy’s official site to begin registration.
- Fill in Details: Provide your personal info like PAN, address, etc.
- Upload Documents: Submit your Aadhaar, PAN, and bank details for KYC.
- eSign: Complete the application with your digital signature.
- Verification: Rupeezy’s team will check your info and activate your account.
- Login & Set Password: Once approved, use your Client Code to log in and create a password.
- Start Trading: You’re ready to trade options or invest in the market!
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