In order to trade successfully, it is very important to choose the right broker. in India, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best stock brokers for day trading in India 2026. You can compare their features and trading conditions.
1
SpeedTrader - Best for day trading in India
SpeedTrader is an online US based broker dealer that started operations in 1999. The broker is regulated by the Financial Industry Regulatory Authority (FINRA, CRD#: 107403/SEC#: 8-53035) and is a member of the Securities Investor Protection Corporation (SIPC). SpeedTrader provides online trading platforms that offer trading in US stocks, ETF’s, OTC stocks, and options for active traders. Key offerings include Direct Market Access (DMA) routing, short locate services for shorting stocks, and the ability to trade and receive shares of most OTC stocks. The company is headquartered in New York, USA.
👍 Advantages of trading with SpeedTrader for traders from India:
•25+ order routing choices including DMA.
•Vast short locate availability.
•OTC stock trading including Expert Market & Caveat Emptor.
•SIPC insurance coverage and FINRA membership.
•Availability of an affiliate program.
•Multiple trading platforms.
•Online chat for urgent issues.
•Support in English, Spanish and Chinese.
•Available to US and most International based traders
👎 Disadvantages of SpeedTrader for traders from India:
•The high minimum deposit for day trading (from $30,000) and ($2500) for non-day trading.
•Inability to trade cryptocurrency and Forex instruments.
•Time-limited free demo account of two weeks.
2
Easy Equities - Best for day trading in India
Easy Equities (EasyEquities) is a US stock broker providing financial services in the international market. The company opens access to South African, American and Australian markets and provides an opportunity to trade fractional shares. Investors can choose an individual or corporate account and there are also accounts for children. EasyEquities is a part of two licensed financial services companies — First World Trader and Purple Group.
👍 Advantages of trading with Easy Equities for traders from India:
•Demo accounts with two base currencies to choose from: USA and ZAR.
•Low trading commissions and zero non-trading fees.
•An account for children under age.
•No required minimum deposit amount.
•A possibility to invest independently or use investment offers of the broker.
•Residents of the majority of countries can open an account with the broker.
•Fractional shares are among trading instruments available to traders.
👎 Disadvantages of Easy Equities for traders from India:
•Deposit and withdrawal take several days.
•The broker offers very few methods of contacting customer support.
•There is no information about the authorities regulating the operation of Easy Equities.
3
Fidelity - Best for day trading in India
Fidelity Investments is a major U.S. financial services company founded in 1946 by businessman and lawyer Edward Crosby Johnson II. The firm offers a broad range of services, including securities trading, access to mutual funds, ETFs, bonds, and fixed income annuities, as well as investment consulting and asset management. Fidelity has earned numerous industry awards and is consistently recognized as a leader in the online brokerage sector by publications such as Investor’s Business Daily, Kiplinger, Barron’s, and StockBrokers.com.
Fidelity Investments is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Client assets are protected by the Securities Investor Protection Corporation (SIPC).
👍 Advantages of trading with Fidelity for traders from India:
•Proprietary Fidelity Trader+ platform for active investors offering real-time data, advanced charting, and customizable layouts across web, desktop, and mobile devices.
•No brokerage fees on stock and ETF trades.
•Personalized investment planning with a 0.5% annual advisory fee based on assets under management.
•Fractional shares that allow investing small amounts by purchasing part of a security.
•High level of client protection through SIPC coverage and additional insurance.
•More than 3,000 mutual funds and ETFs, including Fidelity’s own zero-fee funds.
👎 Disadvantages of Fidelity for traders from India:
•No localization, as the platform and support are available only in English.
•No active bonus programs or referral rewards.
•Margin trading available only with an account balance of at least $2,000.
•No full-featured demo account.
4
TradeStation - Best for day trading in India
The TradeStation Group (TradeStation) was founded in 1987 as a trading software company then-named Omega Research. After being listed in the American market, Nasdaq launched an online version, and in 2001 it began providing brokerage services for the sale of securities under the TradeStation brand. Until 2021, inclusive, the broker's trading platform was recognized ten times in a row as the best in its class by StockBrokers.com. In 2020, TradeStation was named Broker of the Year at the First Annual TradingView Broker Awards. In the same year, according to Investor's Business Daily, the company was among the Top 4 of US online stock brokers.
👍 Advantages of trading with TradeStation for traders from India:
•Licensed by the US Securities and Exchange Commission (SEC) and insurance coverage from the Securities Investor Protection Corporation (SIPC).
•Has a wide range of trading instruments, including cryptocurrencies, IPOs, and ETFs.
•Does not charge commissions for trading US stocks and ETFs.
👎 Disadvantages of TradeStation for traders from India:
•You cannot trade currency pairs.
•Regulators do not oversee TradeStation Crypto, Inc., which maintains crypto trading accounts.
•The support service does not work around the clock and only answers questions that are asked in English.
•There are only a few ways to withdraw funds, the average time of receipt of funds to a bank account is 4-5 business days.
5
Wells Fargo - Best for day trading in India
Founded in 1852, the Wells Fargo broker is a subsidiary of Wells Fargo & Company, which is currently one of the "big four" US banks and serves more than 70 million customers. The company offers a diversified portfolio of banking, investment, and mortgage products, as well as insurance and financial planning services. Wells Fargo is regulated by FINRA (CRD#: 11025/SEC#: 801-57434,8-28721) and the NFA (0320678). Its clients have access to SIPC coverage, securities trading, and investment in managed portfolios.
👍 Advantages of trading with Wells Fargo for traders from India:
•Banking products, bank cards, trading, investment, and savings accounts are managed through a single application.
•A vast array of assets: stocks, options, ETFs, fixed income instruments, and mutual funds.
•Deposits start at $1.
•Control of activities by FINRA and NFA.
•Availability of segregated accounts and SIPC insurance coverage.
•No fees are charged for the online trading of stocks and ETFs.
•Humongous opportunities for Wells Fargo's clients, such as active trading and passive investing are allowed.
👎 Disadvantages of Wells Fargo for traders from India:
•In comparison with market competitors, Wells Fargo has pretty hefty fees for trading options.
•The absence of online chat on the official website.
•Investment accounts are not protected by the Federal Deposit Insurance Corporation (FDIC).
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
SpeedTrader Commissions and Fees
The experts at Traders Union have analyzed SpeedTrader’s trading conditions to identify explicit and implicit fees. SpeedTrader offers two stock commission structures that traders can choose from. Either per share or per trade. Per Share ranges from $0.0025 to $.009 per share ($0.25 to $0.09 per 100 shares traded). Per Trade ranges from $4.49 to $2.49 per trade. The more active a trader is, the lower the rate they qualify for. In addition to commission, traders pay a routing fee that ranges from $0 to $0.0035 per share. Although, some ECN routes will pay traders a rebate of up to $0.003 per share when adding liquidity. A small regulatory fee is added to each sell transaction. Options trading ranges from $0.35 to $0.25 per contract with a $1 minimum. Monthly platform fees vary from $125 to $35 per month and can be waived or reduced based on monthly commissions generated. Basic level 1 market data starts at $15 per month. Wire transfer costs $30 for US and $75 for foreign. There is also a $30 inactivity fee charged quarterly for accounts that execute less than 15 trades per quarter. Below is a comparative table of the fees for trades in stocks from SpeedTrader and US brokers that offer similar trading instruments.
Easy Equities Commissions and Fees
Traders Union analyzed Easy Equities trading and non-trading commissions and fees. Easy Equities does not charge non-trading fees (for funding the account, using the trading platform, account servicing). Trade execution fee is 0.25%, minimum commission is USD 0.01. Withdrawal fee depends on the base currency of the account. Specifically, traders who use ZAR as their base currency do not pay a withdrawal fee, while for international withdrawals in USD the fee is set by the bank.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
ZAR |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
USD |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
AUD |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
TFSA |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
RA |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
EasyProperties |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
Fidelity Commissions and Fees
Fidelity’s fees vary by instrument. Stock and ETF trades are commission-free, while options cost $0.65 per contract. Mutual fund commissions can reach $49.95 per trade, although more than 3,000 funds are available with no fees. U.S. Treasury purchases at auction are also commission-free. Margin lending is available at an annual rate of around 9%. The broker does not charge withdrawal fees.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Traditional IRA |
$0 |
No |
|
Rollover IRA |
$0 |
No |
|
Roth IRA |
$0 |
No |
|
Brokerage Account |
$0 |
No |
|
Custodial Account |
$0 |
No |
|
529 Account |
$0 |
No |
|
Fidelity Go |
0% up to $25,000 / 0.35% annually above $25,000 |
No |
|
Fidelity Personalized Planning & Advice |
0.50% annually |
No |
TradeStation Commissions and Fees
The Traders Union analysts have studied in detail the conditions of TradeStation brokerage accounts and concluded that the company charges only trading commissions. The broker does not charge non-trading fees for withdrawing funds. Free trading is possible only in American stocks and ETFs. However, if the limit of 10,000 shares is exceeded, the broker will charge $0.005 per share, and when trading securities of international companies, the fee increases to $5 per trade. Additional commissions are also charged when trading through a desktop terminal if the account balance is less than $2,000.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
TS SELECT |
From $0.60 |
No |
|
TS GO |
From $0.50 |
No |
|
Crypto |
From $0.50 |
No |
Wells Fargo Commissions and Fees
After a thorough analysis of Wells Fargo's trading conditions, the experts at Traders Union identified both trading and non-trading fees. Below is the amount of fees for online trading and automated telephone trading. The fee for trades in stocks (excluding penny stocks) and exchange-traded funds (ETFs) is $0 per trade; penny stocks (stocks under $1) is $34.95 or 3.5% of the amount, with options of $5.95 + $0.75 per contract; with fixed income instruments it is $50 per transaction. The fee for mutual funds that are not listed without transaction fees is $35. For trades made through a live broker, the client pays $25 + an online fee is charged. Non-trading fees: for withdrawal of funds by internal bank transfer is $30; and for transfers outside the US, it is $40.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard Account |
From $6.7 |
Yes |
Summary
Many brokers are available for traders from India, but not all of them offer good conditions. In this review, TU experts chose the Best stock brokers for day trading in India 2026. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Stock Brokers For Day Trading in India
| SpeedTrader | Easy Equities | Fidelity | TradeStation | Wells Fargo | |
|---|---|---|---|---|---|
|
Overall score |
9.2 |
4.59 |
8.3 |
7.35 |
6.73 |
|
Execution of orders |
6.84 |
5.44 |
8.4 |
7.7 |
7.9 |
|
Investment instruments |
9.2 |
5.9 |
9 |
8.3 |
7.5 |
|
Withdrawal speed |
8.2 |
5.5 |
8.8 |
7.2 |
7.2 |
|
Customer Support work |
7.2 |
5.8 |
8.6 |
7.9 |
7.5 |
|
Variety of instruments |
6.68 |
5.28 |
8.3 |
7.6 |
6.93 |
|
Trading platform |
7.4 |
6 |
9.1 |
6 |
7.7 |
|
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FAQ
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Best Stock Brokers For Day Trading by Countries
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
