Best broker for F&O trading post Sebi's true-to-label norms

Brokers Broker review
1

Hi everyone, looking for broker suggestions, specifically for F&O trading. Given that lot of brokers have increased brokerages post Sebi’s true-to-label norms, it might be a good idea to review the brokers.

I am currently using 5paisa with their Ultra Trader Pack which has Rs. 1000 brokerage waived off every month. However, they’ve stopped renewal of the same from this year. Hence looking for a broker to switch to.

Main requirements:

  • Catering towards F&O
  • Allows pledging of stocks for margin
  • Low F&O brokerage charges
  • Capabilities to apply for corporate actions like OFS, Buybacks etc. (Have seen that Zerodha closes certain OFS events at 2.30pm)
4

As a backup option I have been using Flattrade for few years now. It’s quite good for trading if you know what you need. Zero brokerage for options too. Interface is decent. Running intraday options strategies is economical enough.

5

I second it. And if you are just into option trading, can add kotak neo to the list.

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6

I gave Kotak a try, but wasn’t too impressed. A few issues I noticed:

  • The available margin isn’t displayed on the positions screen—you have to go to Home > Funds to check it.
  • The color coding distinguishes between CE and PE scripts, but I’d prefer it to indicate short vs long positions instead. That would help avoid mistakenly squaring off hedge trades.
  • Premiums don’t show up in search results; you have to click into each script individually to view them.

Overall, it doesn’t seem very well-suited for options trading.

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