Top High Leverage Brokers in India 2023

It is true when one says that you require only and only knowledge and the ability to work through stock markets if you want to invest there. By only knowledge, we mean not even money. Not literally, but a little money would actually work well. The leverage feature provided by stock brokers is to the rescue and is acting as the shortcut between the markets and the investors. 

This article will talk about the top high-leverage investors in India, and they are as follows – 

• Zerodha 
• Wisdom Capital 
• Upstox
• Tradejini
• SAS Online 
• Aditya Birla Money

But, first things first, the basics. 

What is Leverage?

In the simplest terms, leverage means to have an advantage over something which helps to get enhanced outcomes. When talking specifically in relation to this topic, leverage means to use debt for investment, or borrowed capital for investments. 

The brokers who offer such a feature provides the money and resources to the client and helps them to buy stocks worth more value than what they have in hand increasing their purchasing power. 

It is also a common doubt among people, that if leveraging is so easy then why isn’t it so talked about or why do people not use it that often? 

Well, the simple reason behind this is that this is a loan one takes from their broker and once you take it, you have to return it no matter if you have a loss or a profit. It increases the risks too, and if there are any losses made, you will end up having too much to return instead of making a profit. 

In short, people who are confident about their knowledge and know the market and have all the relevant knowledge prefer this option. 

High Leverage Brokers in India

Now that we have the basic knowledge of Leverage Brokers, we can discuss such brokers in India. 

1. Zerodha

Zerodha is one of the top brokers in the country and has its headquarters in Bangalore. Their Demat Account services are connected to the CDSL depository. Zerodha provides its services in bonds, mutual funds, currency and equity.

With the highest number of customers and an easy-to-use platform, Zerodha is usually the most famous and hence recommended broker. They offer services in segments like Intraday, Currency, Futures and Options. The brokerage and exposure for the same are as follows – 

2. Wisdom Capital

Formed in 2013 an also headquartered in Bangalore, this broker firm is a depository participant in NSDL and CDSL. They provide products in equity futures and options, currency futures and options and commodity futures and options. 

They have various plans among which a customer can choose as per their requirements at fees at par with the other brokers. The brokerage and exposure they provide are as follows – 

They offer exposure as per the plan one chooses, and hence that can vary. When compared to its peers, the broker does provide a good deal. 

3. Upstox

Upstox is among the top brokers in India and has been rated as the most genuine by its users. They are the depository participant with CDSL. They have one of the lowest charges for brokerage and are one of the most efficient brokers in the market. It’s major positive is that it is backed by Mr Ratan Tata and has zero brokerage on delivery trades. 

It offers its services in Intraday trading, equity futures and options and currency futures options. The brokerage it charges are in line with that of Zerodha and are as follows- 

4. Tradejini

In Bengaluru, the Tradejni bargain broking company was founded in 2012. It offers a variety of products, including commodities, bonds, mutual funds, and equities. It is a depository participant with CDSL. As of present, they serve over 13000 clients and make a turnover of more than 1000 Crores every day on stock markets. 

Although this brokerage business has a small number of leverage clients, its fees and exposures are nearly identical to those of its competitors and they are just as efficient. Here are the details- 

5. SAS Online

SAS online, which was founded in 2013 by three millennials named Shrey Jain, Siddhart Jain, and Anubha, has more than 10,000 users who are dispersed throughout 700+ cities. They provide trade-in categories such as equity, derivatives, currency, and commodities being an NSDL depository participant. They also won the NDSL Best Performer prize in 2015. 

Rated 8.8 on 10 for the customer experience, they are possibly the cheapest brokerage firms in terms of flat charges. Find the details below – 

6. Aditya Birla Money

Possibly the most well-known name on this list is Aditya Birla. They are depository partners with NSDL and CDSL. Aditya Birla Money F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. They provide services in segments like Equity Intraday, Futures and Options and Currency Futures and Options. Have a look at their charges below – 

Advantages of High Leverage Brokers 

• Low Capital Requirements 

As is the primary feature of the leverage option, there is a low requirement of capital. With more capital than one has, one can invest big and hence increase the chances of profits if the markets perform as expected. 

• Better Exposure 

With better funds available, one can freely put money in the future and options contract and gain more exposure which was not available with less capital available. The restrictions are hence eliminated. 

• Profits 

Keeping the above points in mind, it is clear that when more investments are made, and the trade turns out as per expectations, the profits are higher. 

Disadvantages of High Leverage Brokers 

• Losses 

Just like profits, if the trade turns out to be unfavourable, then the losses can also be huge and in such a case, one will have to bear not only the losses but also return the leverage amount borrowed, irrespective of the loss made. 

• Asset Pledging 

The broker can ask the client to pledge their asset in form of a security deposit in order to hedge for his own possible loss. 

Final Thoughts

These were India’s leading leverage brokers. In addition to learning to know the names, we hope you also gained a better understanding of leverage, including its benefits and drawbacks. In a nutshell, when used wisely and after careful consideration and research, leverage is an excellent instrument. Otherwise, it can ruin your trading endeavours. It is crucial that you only use these facilities if you are adequately informed about the market and aware of the risks involved.