Lowest brokerage in India 2026

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If you want the **lowest brokerage broker in India in 2026**, these are the main contenders right now: | Broker | Equity Delivery | Intraday / F&O | AMC | Best For | |---|---|---|---|---| | Shoonya | ₹0 | ~₹5/order | ₹0 | Cheapest overall for active traders | | Flattrade | ₹0 | ₹0 brokerage | ₹0 | Ultra-low-cost traders & API users | | m.Stock | ₹0 | Low fixed fee plans | Low/optional | Frequent traders | | Zerodha | ₹0 | ₹20/order | ~₹300/year | Reliability + ecosystem | | Upstox | ₹0 | ₹20/order | Often free/low | Fast app + beginners | | Groww | ₹0 on MF/direct investing | ₹20/order | ₹0 | Beginners/investors | | Angel One | ₹0 delivery | ₹20/order | Low | Advisory + trading combo | ### Cheapest Overall - Shoonya and Flattrade currently offer the lowest effective brokerage structures in India. ### Best Balance of Cost + Reliability - Zerodha remains the most trusted discount broker despite not being the absolute cheapest. Good uptime, execution, charts, and ecosystem. ### Best for Beginners - Groww is very beginner-friendly with simple UI and ₹0 AMC. ### Best for Intraday/F&O Traders - Shoonya, Flattrade, and m.Stock because brokerage savings matter heavily in high-frequency trading. ### Important Hidden Charges to Check Lowest brokerage does NOT always mean cheapest overall. Compare: - DP charges - AMC - Call & trade charges - Platform/API fees - Margin interest - Order execution quality ### My practical recommendation by use case - **Long-term investor:** Groww or Zerodha - **Serious trader:** Shoonya or Flattrade - **Best all-rounder:** Zerodha - **Lowest raw cost:** Flattrade You can compare latest broker charges here: - -

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In 2026, the retail stockbroking industry in India remains highly competitive, primarily dominated by flat-fee discount brokers. The "lowest" brokerage depends entirely on your trading style—whether you are a long-term investor, an intraday trader, or an active F&O participant. Most major discount brokers have standardized their rates around a **₹0 delivery** and **flat ₹20** intraday/F&O model, though a few niche platforms offer even lower flat fees. --- ## 1. Top Discount Brokers & Their Fee Structures The most popular discount brokers in India currently offer the following pricing models: | Broker | Equity Delivery Fee | Equity Intraday Fee | F&O (Futures & Options) | Annual Maintenance (AMC) | |:--- |:--- |:--- |:--- |:--- | | **Groww** | ₹0 *(or 0.05% max)* | Lower of ₹20 or 0.1% | ₹20 per trade | ₹0 | | **Zerodha** | ₹0 | Lower of ₹20 or 0.03% | ₹20 per trade | ₹300/year | | **Angel One** | ₹0 | Lower of ₹20 or 0.1% | ₹20 per trade | ₹0 for 1st year, then ₹240/year | | **Upstox** | ₹0 | Lower of ₹20 or 0.05% | ₹20 per trade | ₹0 | | **SAMCO** | ₹0 | Flat ₹20 per trade | ₹20 per trade | Varies by plan | ### Niche "Ultra-Low" Alternatives * **Sahi / Flat ₹10 Brokers:** Some smaller or emerging platforms offer flat ₹10 per executed order specifically targeting high-frequency F&O traders looking to cut costs below the industry-standard ₹20 mark. --- ## 2. Choosing the Right Broker for Your Style ### For Long-Term Investors (Buy and Hold) If you mostly buy stocks and hold them for months or years, **Groww, Zerodha, and Upstox** are ideal because they charge **₹0 brokerage on equity delivery**. > **Note:** For long-term investors, the **DP (Depository Participant) charge** matters more than brokerage. Every time you *sell* a stock from your Demat account, a statutory DP charge of roughly ₹13 to ₹20 + GST is levied, regardless of your broker's "zero brokerage" marketing. ### For Intraday and F&O Traders If you take multiple positions daily, the **flat ₹20 cap** is your best friend. For instance, if you buy ₹5,00,000 worth of stock intraday, a traditional full-service broker charging 0.5% would cost you ₹2,500. A discount broker like Zerodha, Groww, or Angel One will cap that exact same trade at just **₹20**. --- ## 3. The "Hidden" Mandatory Costs When evaluating the lowest brokerage, remember that broker fees are only part of the equation. Government and regulatory taxes are identical across all brokers and often make up the bulk of your contract note: * **Securities Transaction Tax (STT):** Charged at 0.1% on both buy & sell for delivery, and 0.025% on sell for intraday. * **Exchange Transaction Charges:** Small percentages charged by the NSE/BSE. * **SEBI Turnover Fees:** ₹10 per crore. * **Stamp Duty:** 0.015% on buy transactions for delivery. * **GST:** 18% applied strictly to the *brokerage* and *transaction charges* combined. If you are just getting started, **Groww** is often preferred for its clean, no-fee mutual fund and stock interface. If you require advanced charting and lightning-fast execution for active trading, **Zerodha** or **Angel One** remain the top industry benchmarks. Are you looking to invest primarily for the long term, or are you looking to day-trade derivatives and options?

The **lowest brokerage charges** in India for 2026 are offered by a selective group of zero-commission discount brokers like **Shoonya by Finvasia, Flattrade, and m.Stock**, which bypass the standard flat-fee model. Alternatively, industry giants like ** and ** lead the mainstream segment by offering entirely **free equity delivery** paired with a highly affordable flat fee of **₹20 per executed order** for intraday and derivatives (F&O) trading. Top Low & Zero Brokerage Platforms Comparison | Stock Broker | Equity Delivery | Intraday Trading | Futures & Options (F&O) | Unique Value Feature | |---|---|---|---|---| | **Shoonya (Finvasia)** |🆓 **₹0** |🆓 **₹0** |🆓 **₹0** | Lifetime zero brokerage & zero AMC. | | **Flattrade** |🆓 **₹0** |🆓 **₹0** |🆓 **₹0** | Zero clearing charges, ideal for API trading. | | **m.Stock (Mirae Asset)** |🆓 **₹0** |🆓 **₹0** |🆓 **₹0** | Requires a one-time upfront subscription fee. | | **Wisdom Capital** |🆓 **₹0** | **₹9** per order | **₹9** per order | Flat ₹9 plan or fixed monthly unlimited structure. | | **Zerodha** |🆓 **₹0** | **₹20** or 0.03% | **₹20** flat | India's premier platform for charts and stability. | | **Groww** | **₹20** or 0.05% | **₹20** or 0.03% | **₹20** flat | Highest active client base with smooth UI. | | **Angel One** |🆓 **₹0** | **₹20** or 0.25% | **₹20** flat | Blends discount pricing with full-service advisory. | | **Upstox** |🆓 **₹0** | **₹20** or 0.03% | **₹20** flat | Highly reliable for heavy-volume algorithmic trading. | Key Category Breakdowns 1. Truly 100% Free Brokers (Absolute Lowest Cost) Brokers like Shoonya by Finvasia and Flattrade eliminate commission across all segments. They make revenue via premium add-on software, corporate actions, and clearing ecosystems rather than traditional trade commissions. 2. Paid Subscription Zero Brokerage Platforms like Mirae Asset m.Stock offer a specific pricing model where a **one-time account opening fee** (roughly ₹999) grants the user **lifetime zero brokerage** on all intraday, delivery, and F&O activities. 3. Mainstream Discount Brokers (Flat ₹20 Plan) Market leaders like Zerodha and Groww do not charge a single rupee for long-term equity delivery investments. For intraday and F&O, they cap pricing at a **maximum of ₹20 per executed trade**, ensuring heavy volume transactions do not drain your capital. Hidden Costs to Keep in Mind Even if a platform advertises "Zero Brokerage", you are legally required by statutory law to pay mandatory government taxes on every transaction: - **Securities Transaction Tax (STT)**: Charged at 0.1% on both buying and selling delivery trades. - **DP (Depository Participant) Charges**: A flat fee (usually ₹13.5 to ₹20 + GST) applied per company stock whenever you sell shares from your Demat account. - **Exchange Transaction Charges & SEBI Turnover Fees**: Minor nominal fractions calculated on total transaction volume. - **GST**: Charged at 18% on the calculated brokerage, DP fees, and transaction parameters. To help pick the ideal app for your strategy, tell me: - Do you intend to do **frequent day-trading/F&O** or focus on **long-term investing**? - Is a **zero-fee platform** your main priority, or do you need advanced **charting and tech tools**? - Do you prefer a **web-based setup** or a mobile-first app?