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Best Broker for Options Trading in India 2026

For F&O, flat ₹20 brokerage is table stakes — the differentiator is platform speed, option-chain tooling and analytics.

  1. #1

    Dhan

    Built for option traders: option chain, strategy builder, backtesting and TradingView charts; flat ₹20 F&O.

    Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~12.49% p.a.AMC: ₹0 (free)
    Dhan charges & review →
  2. #2

    Zerodha

    Kite + Sensibull integration, deepest liquidity and community; flat ₹20 F&O.

    Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~14.6% p.a.AMC: ₹300/year
    Zerodha charges & review →
  3. #3

    Upstox

    Fast execution and the best public API among discount brokers for algo/option strategies.

    Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~18.25% p.a.AMC: ₹150/year
    Upstox charges & review →
  4. #4

    Angel One

    SmartAPI for algos plus bundled analytics; flat ₹20 F&O.

    Delivery: ₹20/trade or 0.1% (lower, min ₹5)F&O: ₹20/tradeMTF: ~14.99% p.a.AMC: ₹0 first year, then ₹240/year
    Angel One charges & review →

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Rankings reflect Downstox's editorial assessment of verified public charges (March 2026) and are not paid placements. Verify current charges on each broker's site before opening an account.