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Intraday Trading Charges
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Are you stepping your feet in intraday trading? Then the first thing crossing your mind must be the intraday trading charges.
There are various charges across various platforms that are levied as intraday trading charges. But before diving into the details of the charges associated with intraday trading, it is crucial to understand the concept of this format first.
Let us now take a look at some of the intraday trading charges. The various intraday trading charges are listed below:
- Brokerage
- STT/CTT
- Transaction Charges
- GST Charges
- SEBI Charges
- Stamp Charges
- DP Charges
Let us now discuss these charges in detail.
1. Brokerage Charges for Intraday Trading
When a broker offers his/her service for intraday trading, it is evident that they will charge something for their service. The charges that the broker levies on the services are known as the brokerage charges.
Brokerage charges differ from one broker to another. Let us analyze the brokerage charges for intraday trading of five top brokers.
Zerodha Intraday Charges
Zerodha is a popular and foremost discount broker and thus introduces the least brokerage charges for intraday trading.
| Broker Name | Brokerage |
| Zerodha | Rs. 20 per executed offer/ 0.03% (the lower one of the two) |
Angel Broking Intraday Charges
A full-service broker and a staple name in the industry, Angel broking has different brokerage charges for different plans. The brokerage charges for intraday trading in Angel Broking are given below.
| Broker Name | Brokerage |
| Angel Broking | Classic Plan- 0.03% |
| iTrade Prime Plan- Rs.20 per executed order |
Upstox Intraday Brokerage Charges
Upstox is one of the leading and fast-growing brokers in India. Here are the intraday brokerage charges for the same.
| Broker Name | Brokerage |
| Upstox | 0.05% or Rs.20 per executed order (the lower one) |
To calculate these charges along with taxes and other fees you can use the Upstox intraday charges calculator that gives you an idea of total fees along with profit and loss percentage.
5paisa Intraday Charges
If you are willing to do intraday trading with 5paisa, then given below are the brokerage charges levied by the broker.
| Broker Name | Brokerage |
| 5Paisa | Rs. 20 on all executed orders |
IIFL Intraday Charges
IIFL is a full-service broker and provides a wide range of facilities to its users. The IIFL intraday brokerage charges are given below.
| Broker Name | Brokerage |
| IIFL | Z20 plan- ₹ 20/- per executed order or 0.05% (whichever is lower) |
HDFC Securities Intraday Brokerage
Intraday trading is amongst the various services offered by HDFC Securities and the charges for the same are given below.
| Broker Name | Brokerage |
| HDFC Securities | 0.05% |
Sharekhan offers a lot of services to its clients. But since it is a full-service stockbroker, the brokerage is charged depending upon the trade volume.
| Broker Name | Brokerage |
| Sharekhan | 0.10% |
ICICI Direct Brokerage Charges in Intraday
ICICI has been a trustworthy name for a long time now. The intraday brokerage charges that are levied by ICICI direct are given below.
| Broker Name | Brokerage | |
| ICICI Securities | I-Saver Plan | 0.25%-0.75% |
| I-Secure Plan | 0.55% | |
| Prime Plan | 0.25% |
2. Intraday Trading STT Charges
There are some other charges like STT charges that are added to the list of intraday trading charges. STT is the securities transaction tax, and it is a regulatory charge. The central government of India levies this charge.
The broker collects the STT at the time the transaction gets initiated by the investor. Different brokers levy different STT charges. Some of the top brokers and the charges levied by them are as follows:
| Broker | STT Charges |
| Zerodha | 0.025% |
| Angel Broking | 0.025% on every sell |
| Upstox | 0.025% only on sell |
| 5Paisa | 0.025% on sell |
| IIFL | 0.025% |
| ICICI Direct | 0.025% on the Sell Side |
| HDFC | 0.025% on the Sell Side |
| Sharekhan | 0.0126% on Sell Side |
3. Transaction Charges on Intraday Trading
In addition to this, there are transaction or turnover charges.
The various stock exchanges (NSE, BSE) are responsible for these charges. The NSE charges for intraday trading can be different from broker to broker. We will further list the top brokers and their transaction charges on intraday trading.
| Broker | STT Charges |
| Zerodha | NSE: 0.00345% BSE: 0.003% |
| Angel Broking | NSE- 0.00335% /trade (buy/sell) BSE- varies |
| Upstox | NSE- 0.00345% (on every buy and sell trade) BSE- different for every scrib group |
| 5Paisa | 0.025% per trade |
| IIFL | NSE-0.00325% BSE-0.00275% |
| ICICI Direct | 0.027% per trade |
| HDFC | 0.00325% per trade |
| Sharekhan | 0.0275% per trade |
4. SEBI Charges for Intraday Trading
There are sometimes charges levied on intraday trading to regulate the market and keep an eye on it. These are the SEBI charges.
The Security and Exchange Board of India levies these charges. The charges are essential as the market needs to be regulated, and there has to be some capital to aid the process.
The SEBI charges levied by different brokers are most of the time the same. The usual SEBI charges levied by the brokers are Rs.5 per crore.
5. Intraday Trading Tax
Apart from the brokerage, STT, CTT charges, various other charges are levied on the intraday trading.
There is a GST charge that applies to all intraday trades. It is a tax/charge applied by the government for the services it provides to its users. It is usually a certain percentage of brokerage and transaction charges.
For almost all the brokers, the GST is 18% of the brokerage plus the transaction charges.
6. Stamp Duty Charges for Intraday Trading
The India Stamp Act (1899) put another charge on the trades. These charges are the stamp charges. When a trader transacts instruments in the stock exchange, stamp charges are levied by the government.
| Broker | STT Charges |
| Zerodha | Rs. 300 crores per buy or 0.003% |
| Angel Broking | 0.003% (this is of the turnover value) |
| Upstox | 0.003% on the buy-side |
| 5Paisa | 0.003% on the buy-side |
| IIFL | 0.003% |
| ICICI Direct | 0.003% |
| HDFC | 0.003% |
| Sharekhan | 0.003% |
7. DP Charges for Intraday Trading
Some charges are applied by the stockbroker (Depository Participant and Depository) whenever an investor decides to sell a stock. Every Depository Participant has to be registered with either NSDL or CDSL.
There is often no mention of the DP charges in the brokerage charge or even the contract. This is the major reason that they are often left unnoticed in an upper glance. The DP charges for delivery trading varies from broker to broker, but what about DP charges for intraday trading?
In intraday trading, the buying and selling of stocks happen in a single day. The investor buys the stock and then sells it on the same day thus there is no delivery or debit of shares from the demat account.
Thus, there are no DP charges for Intraday trading.
Intraday Trading Charges Calculator
If you are willing to start intraday trading, then it is obvious that you should be aware of all the charges associated with it.
If you want to find the charges easily and make the process convenient for yourself, you can take the help of the intraday trading charges calculator. With the precise information, you will never miss out on anything.
Lowest Brokerage Charges For Intraday Trading in India
Above is the list of charges of the few full-service and discount brokers. Now many times, traders think that the discount broker comes up with the lowest brokerage fees, but that is not always true.
From the above information, it could be found that there are many full-service stockbrokers like Angel Broking, IIFL Securities offering the minimum brokerage fees to trade in intraday.
Opening a trading account with a full-service stockbroker with the lowest brokerage charges comes up with some additional benefits too like research tips and ideas that help you in picking the right stock.
Choose wisely and get into trade now.
Conclusion
If you are someone just beginning with intraday trading, you should stay aware of various charges along with brokerage. This helps you in evaluating the total cost of a trade.
Go for the broker, meeting all your trading requirements and charging the least brokerage fees for buying and selling shares.
In case, you would like to talk to somebody to get a better idea on intraday charges, just fill in your basic info and we will call you to help: