A comparison of the margin trading brokers in India, highlighting MTF leverage, interest costs, and key features.
Margin trading facility India
Margin Trading Facility (MTF) has become an important feature for investors who want to enhance their market exposure without deploying the full trade value upfront. By allowing traders to fund only a portion of their equity purchases, MTF can help make better use of available capital-especially during key market opportunities.
At the same time, margin comes with daily interest costs and higher risk, making it important to choose brokers that offer clarity, reliability, and helpful tools to manage leveraged positions.
Here’s a look at some of the best margin trading brokers in India, along with the key features that set them apart.
1. Groww
Groww’s Margin Trading Facility is designed for investors who want a clean, intuitive experience with full transparency around costs and margin usage. It supports up to 4× leverage on eligible stocks and provides several features to help users stay in control of their positions.
Key Features
- Leverage: Up to 4× on approved stocks.
- Interest Rate:0.041% per day on the funded amount.
- Brokerage:0.1% per order on total trade value.
- Pledge/Unpledge:₹20 per order.
- Live Stock List: A continuously updated list of MTF-eligible stocks within the app.
- Convert to Delivery: Switch margin-funded holdings to delivery anytime by clearing the funded amount.
- Shortfall Alerts: Real-time notifications if additional margin is required.
- After-Market Orders: Place MTF orders even after trading hours.
- Detailed Position View: Shows investor vs. broker funding and returns on the investor’s portion.
- Digital Setup: From activation to pledge authorisation, everything is handled online.
Why It Stands Out
Groww’s combination of ease, transparency, and smart tools-like delivery conversion and detailed insights-makes it a strong choice for investors wanting a straightforward MTF experience.
2. Zerodha
Zerodha integrates its Margin Trading Facility directly within the Kite platform, offering a clean, efficient interface for users who value cost clarity and long-term holding flexibility.
Key Features
- Up to 4× leverage on select NSE-listed stocks.
- 04% per day interest on borrowed amounts.
- ₹20 or 0.3% brokerage per executed order (lower of the two).
- ₹15 + GST per ISIN for pledge/unpledge transactions.
- No fixed limit on holding period; daily interest applies.
- MTF cost calculators and transparent documentation.
Why It Stands Out
Ideal for experienced traders who appreciate a simple, performance-focused platform and clear cost breakdowns.
3. Upstox
Upstox uses a slab-based charge model that gives investors predictable daily costs-making it easier to estimate MTF expenses in advance.
Key Features
- Up to 4× leverage on eligible delivery stocks.
- ₹20/day for every ₹40,000 borrowed.
- ₹20 per stock for pledge/unpledge.
- Holding period of up to 365 days.
- CDSL-based pledge authorisation for security.
- Fully digital MTF activation and position tracking.
Why It Stands Out
Good for traders who prefer fixed daily charges over percentage-based interest models and want flexibility in holding leveraged trades longer.
4. Angel One
Angel One offers a flexible MTF structure supported by transparent fees and occasional promotional interest rates.
Key Features
- Up to 4× leverage depending on stock eligibility.
- 041% per day interest on borrowed funds.
- Brokerage: 1% or ₹20, whichever is lower.
- Pledge/unpledge at ₹20 + GST per ISIN.
- No fixed holding period; daily interest applies.
- Special promotional offers at times.
Why It Stands Out
Angel One appeals to investors who want a mix of flexible holding, clear pricing, and the potential benefit of promotional interest rates.
5. Dhan
Dhan provides a quick, responsive setup for margin funding, designed with active traders in mind.
Key Features
- Up to 4× on eligible delivery-based stocks.
- 04% per day interest on funded amounts.
- ₹20 per order
- ₹5 + GST per stock for pledge/unpledge.
- No fixed holding limit; daily interest applies.
- Integrated dashboard showing margins, costs, and eligible stocks.
Why It Stands Out
A practical choice for traders who want straightforward access to margin funding with clear visibility into positions and costs.
Conclusion
Each broker listed above offers a distinct approach to margin trading, from Groww’s transparent, digital-first setup to others that focus on fixed pricing, promotions, or extended holding flexibility.
The best broker for you depends on your trading style, preferred holding period, and comfort with leverage. Investors should always review the terms carefully, monitor interest costs, and use margin trading responsibly to manage risk effectively.
Disclaimer: The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other form of advice, and you should not interpret any of the financial content as such. Please conduct your own due diligence and consult with a financial advisor before making any investment decisions. Midday does not endorse or promote any such activities, and you access them at your own risk, fully understanding the monetary and legal consequences involved. Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites.
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