Lowest brokerage in India 2026

If your only goal is the **lowest brokerage in India in 2026**, then these brokers are among the cheapest: | Broker | Equity Delivery | Intraday/F&O Brokerage | Notes | |----------|----------|----------|----------| | Shoonya | ₹0 | Around ₹5/order | One of the lowest-cost brokers available. | | m.Stock | ₹0 | Around ₹5/order (depending on plan) | Popular among active traders. | | Zerodha | ₹0 | ₹20/order or 0.03% (whichever lower) | Best balance of cost and reliability. | | Upstox | ₹0 | ₹20/order | Low-cost with modern platform. | | Angel One | ₹0 delivery in many plans | ₹20/order | Good tools and research. | | Groww | Brokerage applies on delivery trades | ₹20/order | Very beginner-friendly but not always the cheapest for delivery investing. | ### Best choice by use case - **Absolute lowest brokerage:** Shoonya or m.Stock. - **Best overall value:** Zerodha. It isn't the cheapest on paper, but its platform, execution quality, and transparency make it a favorite among serious investors. - **Best for beginners:** Groww or Upstox. One important point: brokerage is only part of the cost. **DP charges, exchange fees, STT, GST, and stamp duty** can sometimes matter more than the brokerage itself. Many traders focus on "₹0 brokerage" and later discover that other charges add up. If you tell me whether you're: 1. Long-term investor, 2. Intraday trader, or 3. F&O trader, I can recommend the cheapest broker specifically for that style.

In India's highly competitive stockbroking market, finding the "lowest brokerage" depends entirely on your trading style. The industry has standard zero-brokerage models for long-term investors, while active day traders look for flat-fee structures or flat zero-brokerage subscription plans. The leading stockbrokers offering the lowest brokerage options in India include the following: --- ## 1. Zero-Brokerage Subscription / Ultra-Low Flat Models If you want to bypass the standard ₹20-per-trade fee completely, some platforms offer subscription plans or heavily slashed flat rates. * **m.Stock (by Mirae Asset):** Offers a **₹0 Brokerage Life-Time Account** for a one-time upfront fee. Once paid, brokerage is ₹0 across all segments (Delivery, Intraday, F&O, Mutual Funds). If you choose their free account variant, they charge a flat **₹10 per trade**, which is half the market standard. * **Kotak Securities (Neo Plan):** Offers **₹0 brokerage on all Intraday trades** across segments, and a flat ₹20 per executed order for F&O. It is highly popular among high-frequency day traders. * **Shoonya (by Finvasia):** A true zero-brokerage platform that charges **₹0 across all segments** (Delivery, Intraday, Futures, Options) without any hidden subscription packages. --- ## 2. Top Tier Discount Brokers (The ₹20 Flat-Fee Standard) The most popular fintech brokers in India operate on a highly affordable, transparent pricing model where **Equity Delivery (long-term investment) is free**, and Intraday/F&O trades are capped at a maximum of ₹20. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- |:--- | | **Groww** | Free (0.1% or ₹20 lower) | Lower of 0.1% or ₹20 | Flat ₹20 per order | ₹0 | | **Zerodha** | Free (₹0) | Lower of 0.03% or ₹20 | Flat ₹20 per order | ₹300 / year | | **Angel One** | Free (₹0) | Lower of 0.1% or ₹20 | Flat ₹20 per order | ₹0 (1st year), then ₹20+GST/month | | **Dhan** | Free (₹0) | Lower of 0.03% or ₹20 | Flat ₹20 per order | ₹0 | | **Upstox** | Free (₹0) | Lower of 0.05% or ₹20 | Flat ₹20 per order | ₹0 | --- ## ⚠️ Important: Watch Out for "Hidden" Regulatory Charges When looking for the lowest brokerage, remember that the broker's fee is only a fraction of your actual transaction cost. Even if your broker charges ₹0, you will mandatory have to pay government and exchange taxes on every buy/sell order: * **STT (Securities Transaction Tax):** The largest component, charged at 0.1% on delivery (both buy and sell) and 0.025% on intraday (sell only). * **DP Charges:** Charged by the depository (CDSL/NSDL) and your broker every time you **sell** a stock from your demat account (ranges between ₹13.5 to ₹20 per company per day). * **Exchange Transaction Charges & SEBI Turnover Fees:** Nominal percentages charged by NSE/BSE and SEBI. * **GST:** 18% applicable on the brokerage amount and DP charges. > **Recommendation:** If you are an **investor** who buys and holds, choose platforms like **Zerodha, Groww, or Dhan** as equity delivery brokerage is entirely free. If you are an **aggressive Intraday or Options trader**, utilizing a zero-brokerage subscription model like **m.Stock** or **Shoonya** will save you the most money over thousands of orders. Are you looking for a broker primarily for long-term investing, or are you planning to do frequent intraday and options trading?

In 2026, the lowest stock brokerage options in India are offered by 100% zero-brokerage discount brokers like ****, **Finvasia (Shoonya)**, and ****, which charge **₹0 brokerage** across equity delivery, intraday, and F&O segments. For mainstream market-leading platforms like **Groww** and **Zerodha**, the industry standard remains **₹0 for equity delivery** and a flat **₹20 per executed order** for intraday and derivatives (F&O). Compare Brokerage Charges by Broker Type To choose the structure that matches your trading frequency, look at how the top-rated discount and flat-fee brokers compare. | Broker | Equity Delivery | Intraday Trading | F&O (Futures & Options) | Annual Maintenance (AMC) | |---|---|---|---|---| | **Flattrade** | ₹0 (Free) | ₹0 (Free) | ₹0 (Free) | ₹0 (Lifetime Free) | | **Finvasia (Shoonya)** | ₹0 (Free) | ₹0 (Free) | ₹0 (Free) | ₹0 (Lifetime Free) | | **m.Stock** | ₹0 (Free) | ₹0 (Free)* | ₹0 (Free)* | ₹0 (With upfront one-time fee) | | **** | ₹0 (Free) | ₹9 per order | ₹9 per order | ₹0 | | **** | ₹0 (Free) | ₹15 per order | ₹15 per order | ₹0 (Lifetime Free) | | **Groww** | ₹0 (Free) | Flat ₹20 or 0.05% | Flat ₹20 per order | ₹0 (Lifetime Free) | | **Zerodha** | ₹0 (Free) | Flat ₹20 or 0.03% | Flat ₹20 per order | ₹300 per year | | **Angel One** | ₹0 (Free) | Flat ₹20 or 0.03% | Flat ₹20 per order | ₹240 per year | | **Upstox** | ₹0 (Free) | Flat ₹20 or 0.05% | Flat ₹20 per order | ₹0 to ₹300 per year | **Note: m.Stock requires an upfront one-time onboarding payment to unlock lifetime ₹0 brokerage on Intraday and F&O.* Evaluate the Cheapest Brokerage Plans 1. Implement True Zero-Brokerage Strategy - **Flattrade**: Charges absolutely zero commission for all segments (Delivery, Intraday, Options, and Futures). There are no hidden software fees or account maintenance charges (AMC). - **Finvasia (Shoonya)**: Clears out all transactional brokerage fees across the board. It features a lifetime zero-AMC structure, making it ideal for high-volume retail traders. - **m.Stock (by Mirae Asset)**: Offers a competitive platform with ₹0 brokerage across all trades after you pay an initial account configuration fee. 2. Utilize Low Flat-Fee/Discount Plans - **Wisdom Capital**: Breaks the conventional ₹20 barrier by offering a standard **₹9 per executed order** pricing model for intraday and options segments. - **ProStocks**: Provides a competitive **₹15 per order** flat plan, alongside flat-rate monthly unlimited trading packages. 3. Choose Trusted Market Leaders (Flat ₹20) - **Groww** and **Zerodha**: These platforms charge ₹0 for delivery and a strict maximum of **₹20 per trade** for speculative transactions. While slightly more expensive than absolute zero-fee apps, they provide high platform reliability, advanced charting interfaces, and superior execution speeds. Anticipate Mandatory Government Taxes & Hidden Costs Even with a "zero brokerage" account, you cannot escape non-brokerage regulatory costs mandated by SEBI and the Government of India. Ensure you account for these extras: - **Securities Transaction Tax (STT)**: Charged at 0.1% on both buy and sell transactions for Equity Delivery, and 0.025% on the sell-side for Intraday. - **DP Charges (Depository Participant Fee)**: Charged whenever you sell shares from your Demat account. This usually ranges from ₹13.5 to ₹20 per company per day, regardless of your broker's pricing model. - **Goods and Services Tax (GST)**: A flat 18% applied to the sum of your exchange transaction charges, SEBI fees, and any brokerage incurred. - **SEBI Turnover Fees & Stamp Duty**: Nominal percentages calculated on the absolute total volume of your trade. To help narrow down the list, could you share if you plan to do **long-term investing** or **high-frequency intraday/F&O trading**? Also, do you prefer a platform with **free expert research** or just the **cheapest execution engine**?