Expiry day can be different from a normal trading day. Prices can move quickly, option premiums can change sharply and traders may need to make decisions within a short time. In such a situation, the trading platform being used can make the process easier or more difficult.
A useful platform is not only about brokerage. The option chain, charts, order placement, position tracking and other tools can also matter, especially when markets are moving quickly.
What should an options trading platform offer?
There are several things traders may want to check before choosing a best platform for fno trading:
- Easy-to-use option chain
- Fast order placement
- Charts and market data
- Option Greeks and other analysis tools
- Basket or multi-leg orders
- Clear view of open positions
- Reliable mobile and web platforms
7 Best options trading platforms in India
Different platforms have different strengths, so the best trading platform for F&O trading can depend on what a trader actually needs.
Options Trader by Dhan
Options Trader by Dhan is focused strongly on traders and offers tools for options trading, including option chains, charts, strategy-related tools and basket orders.
Its F&O brokerage is Rs 20 per executed order. The platform also provides TradingView charts, which can be useful for traders who prefer to study price movements along with their trades.
Zerodha
Zerodha’s Kite platform is widely used for trading stocks and derivatives. It provides charts, option-chain information and order management through its trading platform.
Options are charged at Rs 20 per executed order, while futures are charged at Rs 20 or 0.03% of the trade value, whichever is lower. Zerodha can also be useful for traders who prefer a straightforward platform without too many features on the screen.
Upstox
Upstox provides several tools specifically for F&O traders. Its option chain includes information such as PCR, India VIX and Max Pain, while the platform also offers basket orders, Greeks, OI analysis and order slicing.
This can be useful on expiry days when traders may need to compare different strikes and manage more than one order.
Angel One
Angel One combines trading with features such as charts, research and tools for active traders. It also provides SmartAPI for traders interested in automated strategies.
F&O orders are charged at Rs 20 per executed order under its published brokerage structure.
FYERS
FYERS also provides trading in futures and options, along with charts and other tools for active traders. Its F&O pricing includes Rs 20 or 0.03% for futures, whichever is lower, while options are charged at Rs 20 per order under standard plans.
The platform can be useful for traders who spend more time studying charts before placing their trades.
5paisa
5paisa provides trading in equities, futures and options along with other investment products. Its brokerage for futures and options is Rs 20 per executed order.
For traders who want their investing and trading activities on one platform, 5paisa is another platform they can look at.
Share.Market
Share.Market also provides trading in futures and options. Its brokerage for F&O trades is Rs 10 per executed order.
The lower charge may be useful for traders who place several orders, but the platform’s trading tools and overall experience should also be checked before choosing it.
Which platform is better for expiry day?
There is no single platform that will work best for every options trader. On expiry day, features such as the option chain, order placement, charts and position tracking can matter more than simply looking at the brokerage.
A trader who frequently uses multiple legs may prefer a platform with basket or strategy tools. Someone who mainly follows charts may give more importance to charting and execution.
The best trading platform is therefore the one that makes it easier for the trader to see the information they need and place orders without unnecessary steps.
Conclusion
Expiry day can be fast-moving, so having the right trading platform can make the trading process more convenient. Dhan, Zerodha, Upstox, Angel One, FYERS, 5paisa and Share.Market all offer different tools and pricing.
Before choosing one, traders should look beyond the brokerage and check whether the platform’s features, order tools and interface fit the way they trade.
