- Futures trading has become very popular in India over the past decade.
- So for this, you will need to choose the right broker, and choosing the right broker is very crucial for effective futures trading.
What is futures trading?
- Future trading is generally a contract.
- It is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future.
- Here, the parties for buying and selling are not known to each other.
- In a futures contract, the assets transacted are usually a commodity or financial instrument.
4 best futures trading platforms in India
- We will have to choose the best platforms and brokers for futures trading.
- This is based on a number of different factors.
- Each of the platforms chosen should be excellent for beginners as well as seasoned traders who wish to enter the futures market.
The following are the four best futures trading platforms in India
1. Zerodha
- Zerodha is the largest discount broker in our country.
- It has over 3 million clients.
- Zerodha offers futures trading in equity, commodity, and currency segments, and that too at a low brokerage rate.
The main features of Zerodha trading platform are as follows:
Pros and cons of using Zerodha
The main pros of using Zerodha are as follows:
- Very low brokerage fees.
- User-friendly trading platforms.
- Wide range of tradable instruments.
The main cons of using Zerodha are as follows:
- Limited research and advisory services.
- Occasional technical glitch.
- Zerodha is suited for active traders who are looking for a reliable platform at affordable pricing.
- The trading platform is also offering advanced charting and analytical tools for futures trading.
2. Upstox
- Upstox is the fastest-growing discount broker after Zerodha.
- It is backed by marquee investors such as Ratan Tata.
- Upstox also offers a flat fee of Rs. 20 per equity trade with no hidden charges.
The main features of Upstox are as follows:
Pros and cons of using Upstox
The main pros are as follows:
- Low and transparent brokerage.
- User-friendly trading platforms.
- Good customer support.
The main cons are as follows:
- Limited research and advisory services.
- Small account opening amount.
- Upstox is very good for active traders who are looking for a flat-fee brokerage and fast trading platforms.
- It also has good execution speed and will cover all major futures segments.
3. Angel One
- Angel One is formerly known as Angel Broking.
- It is also one of the top full-service brokers in India.
- Angel One offers a wide range of futures trading services and products.
The main features of Angel One are as follows:
Pros and cons of using Angel One
The main pros are as follows:
- In-depth research reports and advisory.
- End-to-end service across segments.
- Robust trading platforms with advanced tools.
The main cons are as follows:
- High brokerage rates.
- Old-school interface of trading platforms.
- Angel One is best suited for traders who are looking for research-backed advice as well as recommendations alongside futures trading.
- Although it has brokerage rates, it also has an appropriate advisory approach.
4.HDFC Securities
- HDFC Securities is offering a digital-first trading experience with futures trading across all segments.
- It also has competitive pricing for frequent traders.
The main features of HDFC Securities are as follows:
Pros and cons of using HDFC Securities
The main pros are as follows:
- Digital account opening and trading.
- Low brokerage with an ActiveTrader account.
- Good brand reputation.
The main cons are as follows:
- Limited educational resources.
- Average customer support.
- HDFC Securities is for active futures traders who are looking for the best digital trading experience.
- Here, the brokerage discounts and integrated accounts make it very user-friendly.
Conclusion
Futures trading in India is tremendously growing with the help of discount brokers as well as digital solutions.
Frequently Asked Questions (FAQs)
Q1) Which is the best platform for futures in India?
Zerodha is the best platform for futures in India.
Q2) Which application is best for futures trading?
The Upstox application is best for futures trading.
Q3) Who is the biggest F&O trader in India?
Premji and Associates is the biggest F&O trader in India.
Q4) Are futures better than intraday?
Futures are more risky as they are associated with greater risk.
Q5) Who is the richest as well as the youngest trader in India?
Nikhil Kamath is the richest as well as the youngest trader in India.
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