Top 10 Best MTF Brokers in India

Margin Trading Facility (MTF) allows investors to buy stocks by paying only a part of the total trade value, with the broker funding the rest. This can help increase market exposure. However, since MTF involves leverage and daily interest costs, it is important to choose a broker that offers transparent pricing, strong risk controls, and an easy-to-use platform.

Here are the top 10 MTF apps in India, based on an overall analysis of factors like interest rates, leverage, usability, and platform features.

1. Groww

Groww’s Margin Trading Facility stands out for its simplicity, transparency, and modern user experience. It allows investors to take leveraged positions with full visibility into costs, funding, and risks, all within a fully digital platform. With up to 4× leverage and real-time tracking tools, Groww makes managing margin positions straightforward even for relatively new investors.

Key Highlights

● Leverage: Up to 4× on eligible stocks

● Interest Rate: 0.041% per day (~14.95% annually)

● Brokerage: 0.1% per order

● Pledge/Unpledge Fees: ₹20 per order

● Holding Period: No fixed limit

● Live Stock List: A continuously updated list of MTF-eligible stocks within the app.

● Convert to Delivery: Switch margin-funded holdings to delivery anytime by clearing the funded amount.

● Shortfall Alerts: Real-time notifications if additional margin is required.

● After-Market Orders: Place MTF orders even after trading hours.

● Detailed Position View: Shows investor vs. broker funding and returns on the investor’s portion.

Why Consider Groww?

Groww offers a seamless end-to-end digital journey, from activation and pledging to execution and monitoring. Features like conversion to delivery, real-time alerts, and transparent cost visibility make it one of the most user-friendly and efficient MTF platforms available today.

2. Zerodha

Zerodha integrates MTF into its Kite platform with a clean interface and transparent pricing structure, making it suitable for experienced traders.

Key Highlights

● Leverage: Up to 4× on NSE stocks

● Interest Rate: 0.04% per day

● Brokerage: ₹20 or 0.3% per order

● Pledge Fees: ₹15 + GST per ISIN

● Holding Period: No fixed limit

Why Consider Zerodha?

It can be ideal for traders who prefer minimalistic design and cost clarity, though currently limited to NSE-listed stocks.

3. Upstox

Upstox offers a slightly different pricing model with fixed daily charges, making costs more predictable.

Key Highlights

● Leverage: Up to 4×

● Interest: ₹20/day per ₹40,000 funded

● Pledge Fees: ₹20 per stock

● Holding Period: Up to 365 days

Why Consider Upstox?

Its flat daily pricing model makes it easier to estimate costs, especially for longer holding periods.

4. Angel One

Angel One provides flexible MTF usage along with periodic promotional interest offers.

Key Highlights

● Leverage: Up to 4×

● Interest Rate: 0.041% per day

● Brokerage: 0.1% or ₹20

● Pledge Fees: ₹20 + GST per ISIN

● Holding Period: Flexible

Why Consider Angel One?

Good for investors looking for flexibility and occasional interest discounts.

5. Dhan

Dhan provides a quick, responsive setup for margin funding, designed with active traders in mind.

Key Highlights

● Leverage: Up to 4× on eligible delivery-based stocks

● Interest Rate: 0.04% per day interest on funded amounts

● Brokerage: ₹20 per order brokerage

● Pledge Fees: ₹12.5 + GST per stock for pledge/unpledge

● Holding Period: No fixed holding limit, daily interest applies

Why Consider Dhan?

It can be ideal for traders who want fast execution and real-time visibility into margins and costs.

6. ICICI Direct

ICICI Direct offers Margin Trading Facility (MTF) as part of its full-service ecosystem, combining leverage with research-backed insights and banking integration.

Key Highlights

● Leverage: Up to 4× on eligible stocks

● Interest Rate: Starts from ~9.65% p.a. (~0.0265% per day), depending on plan

● Pleadge Fees: ₹25 + GST

● Holding Period: Up to 360 days

● Funding Flexibility: Margin can be provided via cash or pledged shares

● Research Support: Access to stock recommendations and reports

Why Consider ICICI Direct?

It can be a suitable choice for investors who prefer research-backed trading, and integrated banking services.

7. HDFC Sky (HDFC Securities)

HDFC Sky offers Margin Trading Facility as part of its broader trading and investment platform, backed by HDFC Securities.

● Interest Rate: 12% per annum

● Leverage: Up to 4X

● Brokerage: ₹20 or 2.5%

● Pledging Charges: Standard charges apply for pledging/unpledging shares

● Holding Period: Hold stocks up to T+275 days

Why Consider HDFC Sky?

HDFC Sky can be considered by investors who prefer a bank-backed platform with integrated services and access to research, along with the convenience of managing investments within a broader financial ecosystem.

8. Kotak Securities

Kotak Securities offers Margin Trading Facility through its Kotak Neo platform, allowing investors to take leveraged positions in a wide range of stocks with a fully digital process.

Key Highlights

● Leverage: Up to 4×

● Interest Rate: Starts from ~9% p.a. (varies by plan and tenure)

● Holding Period: Up to 365 days

● Funding Options: Margin via cash or pledged holdings

● Platform: Available on Kotak Neo app and web

Why Consider Kotak Securities?

Kotak Securities works well for investors who want a stable, bank-backed platform with integrated services.

9. 5paisa

5paisa offers Margin Trading Facility (MTF) that enables investors to take leveraged positions in a wide range of approved stocks through a simple, app-based platform. The process is fully digital, allowing users to pledge securities, access margin funding, and track positions with ease.

Key Highlights

● Leverage: Up to 4× on eligible stocks

● Interest Rate: Starts from ~0.05% per day (varies based on funding)

● Holding Period: Up to 365 days

● Funding Options: Margin via cash or pledged shares

● Platform: Fully digital execution via mobile and web

Why Consider 5paisa?

5paisa can be considered by investors looking for a simple and accessible MTF offering with a fully digital process.

10. Motilal Oswal

Motilal Oswal offers Margin Trading Facility (MTF) that allows investors to take leveraged delivery positions across a wide range of approved stocks. As a full-service broker, it combines margin funding with access to research, advisory, and investment insights through its integrated platform.

Key Highlights

● Leverage: Up to 4× on eligible stocks

● Interest Rate: Starts from 9% – 18% p.a. (varies based on tenure and funding)

● Holding Period: Up to 365 days

● Funding Options: Margin via cash or pledged holdings

Why Consider Motilal Oswal?

Motilal Oswal can be considered by investors who prefer access to research and advisory alongside margin trading, within a full-service brokerage setup.

Margin Trading Facility can be a useful tool for investors looking to increase market exposure with limited capital. However, since it involves leverage and ongoing interest costs, it is important to use it carefully and choose a platform that offers clear pricing, strong risk controls, and ease of use.

All the brokers listed above provide structured MTF offerings with varying features and pricing models. Groww stands out for its fully digital experience, transparent charges, and user-friendly features. That said, the right choice depends on your trading style, holding period, and comfort with leverage. Always review the terms, keep track of interest costs, and manage your positions actively to minimise risk.