# Lowest brokerage in India 2026 · 4 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 4 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-04/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-04
---

[← Investing Apps · 4 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-04)One prompt · three engines

Prompt 27 · 4 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 4 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 4 June 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.

Brands named

[Zerodha](https://zerodha.com "Visit Zerodha")[Upstox](https://upstox.com "Visit Upstox")[Angel One](https://angelone.in "Visit Angel One")[Groww](https://groww.in "Visit Groww")

Sources cited · 7

* [7 Lowest Brokerage Platforms (Apps) in India 2026: Compare Fees, AMC, and Hidden Chargestradebrains.in/money/7-lowest-brokerage-platforms-apps-in-india-2026-compare-fees-amc-and-hidden-charges](https://tradebrains.in/money/7-lowest-brokerage-platforms-apps-in-india-2026-compare-fees-amc-and-hidden-charges/?utm%5Fsource=chatgpt.com)
* [Lowest Brokerage Charges in India (2026): Top 10 Brokers, Fees & Smart Investor Strategy | Articles | Broker Analysis | Gan Jing World - Technology for Humanity | Video & Movie Streamingganjingworld.com/article/1ifasa0l5ol4KEG6xk7CWDz3b1an1c](https://www.ganjingworld.com/article/1ifasa0l5ol4KEG6xk7CWDz3b1an1c?utm%5Fsource=chatgpt.com)
* [Best Discount Brokers India 2026 — Zerodha vs Groww vs Upstox | InvestingPro | InvestingPro Indiainvestingpro.in/demat-accounts/discount](https://www.investingpro.in/demat-accounts/discount?utm%5Fsource=chatgpt.com)
* [Best Stock Brokers in India 2026 — Compare Zerodha, Groww, Upstox & More | StockVizstockviz.in/brokers.html](https://www.stockviz.in/brokers.html?utm%5Fsource=chatgpt.com)
* [Groww Brokerage Charges 2026 — Delivery, Intraday, F&O, DP & All Fees Explainedcomparesharebrokers.com/brokerage-charges/groww](https://comparesharebrokers.com/brokerage-charges/groww?utm%5Fsource=chatgpt.com)
* [Lowest Brokerage Demat Account in India (2026) – Best for Beginnerspaisatech.in/lowest-brokerage-demat-account-india](https://paisatech.in/lowest-brokerage-demat-account-india/?utm%5Fsource=chatgpt.com)
* [Nithin Kamath says these hidden charges in trading can wipe out low brokerage advantagem.economictimes.com/markets/stocks/news/nithin-kamath-says-these-hidden-charges-in-trading-can-wipe-out-low-brokerage-advantage/articleshow/128711447.cms](https://m.economictimes.com/markets/stocks/news/nithin-kamath-says-these-hidden-charges-in-trading-can-wipe-out-low-brokerage-advantage/articleshow/128711447.cms?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 4 June 2026

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?

Brands named

[Groww](https://groww.in "Visit Groww")[Zerodha](https://zerodha.com "Visit Zerodha")[Angel One](https://angelone.in "Visit Angel One")[Dhan](https://dhan.co "Visit Dhan")[Upstox](https://upstox.com "Visit Upstox")

Sources cited · 4

* [Lowest Brokerage Broker in India: Full 2026 Guide - Lemonnlemonn.co.in/blog/finance/lowest-brokerage-broker-india](https://lemonn.co.in/blog/finance/lowest-brokerage-broker-india/)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing#:~:text=Intraday,BUYSELL)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing#:~:text=Auto%20Square-off%20charges,18%25%20GST)
* [Top 10 Best Stock Brokers in India 2026onlinenifm.com/blog/post/391/e-learning/top-10-best-stock-brokers-in-india-2026](https://www.onlinenifm.com/blog/post/391/e-learning/top-10-best-stock-brokers-in-india-2026#:~:text=It%20gives%20access%20to%20various,Options%20Trader%20Web%20and%20app.)

AI ModeGoogle AI Mode

Answered 4 June 2026

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\*\*?

Brands named

[Groww](https://groww.in "Visit Groww")[Zerodha](https://zerodha.com "Visit Zerodha")[Dhan](https://dhan.co "Visit Dhan")[Angel One](https://angelone.in "Visit Angel One")[Upstox](https://upstox.com "Visit Upstox")[5paisa](https://5paisa.com "Visit 5paisa")

Sources cited · 8

* [Flattradeflattrade.in](https://flattrade.in/)
* [m.Stockmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [blog / share brokers in indiadhanarthi.com/blog/share-brokers-in-india](https://dhanarthi.com/blog/share-brokers-in-india)
* [Wisdom Capitalwisdomcapital.in/brokerage-plan](https://wisdomcapital.in/brokerage-plan)
* [ProStocksprostocks.com/pricing.html](https://www.prostocks.com/pricing.html)
* [blog / news / top 10 best stock brokers in indiadhan.co/blog/news/top-10-best-stock-brokers-in-india](https://dhan.co/blog/news/top-10-best-stock-brokers-in-india/)
* [zero brokerage trading accountblinkx.in/zero-brokerage-trading-account](https://blinkx.in/zero-brokerage-trading-account)
* [blog / finance / lowest brokerage broker indialemonn.co.in/blog/finance/lowest-brokerage-broker-india](https://lemonn.co.in/blog/finance/lowest-brokerage-broker-india/)

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