Lowest brokerage in India 2026

If your goal is **the lowest brokerage in India in 2026**, the answer depends on whether you're an investor or an active trader. ### Lowest-cost brokers in 2026 | Broker | Equity Delivery | Intraday | F&O | AMC | |----------|----------|----------|----------|----------| | Zerodha | ₹0 | ₹20 or 0.03% | ₹20/order | ~₹300/year | | Groww | ₹0 (most delivery trades) | ₹20/order | ₹20/order | ₹0 | | Upstox | ₹0 | ₹20/order | ₹20/order | ₹0 | | Angel One | ₹0 | ₹20/order | ₹20/order | Usually low/varies | | mStock | Very low / plans available | As low as ₹5/order | As low as ₹5/order | One-time plans available | Most major discount brokers now charge **zero brokerage for delivery investing** and about **₹20 per order for intraday and F&O**. ### Best choice by use case - **Long-term investors:** Zerodha — strong platform, zero delivery brokerage. - **Beginners:** Groww — simple app and zero AMC. - **Active traders seeking lowest recurring costs:** Upstox or mStock. Some comparisons show mStock offering the lowest trading charges among major brokers. - **Ultra-low-cost alternatives:** Community discussions frequently mention Shoonya and mStock for very low brokerage and DP charges. ### Important hidden costs Don't compare only brokerage. Also check: - DP charges when selling shares - AMC (annual maintenance charges) - Pledge/unpledge charges - Call & trade charges - Margin funding interest (if used) These can sometimes cost more than the brokerage itself. ### Quick recommendation - **Investing only:** Zerodha or Groww. - **Intraday/F&O trading:** mStock (lowest cost) or Upstox. - **Best balance of cost + reliability:** Zerodha. If you tell me **whether you trade delivery, intraday, or F&O**, I can suggest the cheapest broker specifically for your style.

Finding the lowest brokerage in India comes down to choosing between **100% Zero-Brokerage platforms** (flat subscription or truly free models) and popular **Discount Brokers** (who usually charge a flat ₹20 per trade). --- ## 1. True "Zero Brokerage" Platforms (Absolute Lowest) These brokers do not charge brokerage on Equity Delivery, Intraday, or F&O, making them the cheapest options for high-frequency traders. * **Flattrade:** Offers truly zero brokerage across all segments (Equity Delivery, Intraday, F&O, Commodities, and Currency) with zero Demat AMC (Account Maintenance Charges). * **Shoonya (by Finvasia):** A popular lifetime zero-brokerage platform across all trading segments with no hidden clearing or upfront subscription fees. * **m.Stock (by Mirae Asset):** Offers a lifetime zero-brokerage plan across all segments for a one-time account opening fee (approx. ₹999). Alternatively, their free account setup charges a flat, ultra-low fee of just ₹10 per trade. * **BlinkX / ProStocks:** These platforms operate on a **flat monthly subscription model** (e.g., ₹499/month). Once paid, you get unlimited free trading regardless of your volume. --- ## 2. Low Flat-Fee Discount Brokers (Most Popular) If you prefer mainstream platforms with highly advanced UI/UX and stable tech stacks, the standard industry rate is a flat fee per executed order. | Broker | Equity Delivery | Equity Intraday | F&O (Futures & Options) | Demat AMC | |:--- |:--- |:--- |:--- |:--- | | **Zerodha** | ₹0 (Free) | Lower of 0.03% or ₹20 | Flat ₹20 per order | ₹300/year | | **Groww** | Lower of 0.1% or ₹20 | Lower of 0.1% or ₹20 | Flat ₹20 per order | ₹0 (Free) | | **Angel One** | ₹0 (Free) | Lower of 0.03% or ₹20 | Flat ₹20 per order | ₹240/year (Free 1st Year) | | **Dhan** | ₹0 (Free) | Lower of 0.03% or ₹20 | Flat ₹20 per order (50% off for women) | ₹0 (Free) | --- ## ⚠️ Important "Hidden" Costs to Remember Even with a 100% zero-brokerage platform, you will **never** trade completely for free. Brokers cannot waive government-mandated taxes and exchange fees, which include: 1. **STT (Securities Transaction Tax):** Charged primarily on the sell-side for intraday/F&O, and both sides for delivery. 2. **DP (Depository Participant) Charges:** Usually around ₹13.5 to ₹20 per company per day, charged only when you *sell* shares from your delivery holdings. 3. **Exchange Transaction Charges & SEBI Turnover Fees:** Fractions of a percentage charged by NSE/BSE and the regulator. 4. **GST:** 18% tax levied on top of whatever brokerage, transaction, and DP charges you incur.

As of June 2026, the lowest brokerage fees in India are primarily offered by discount brokers, with several platforms providing zero-brokerage plans or flat-fee structures. Here are the leading options for low-cost trading based on 2026 data: - **:** Offers a cutting-edge, low-cost platform with a notable ₹10 brokerage fee on all types of trades, positioning it as a top contender for cost-conscious investors. - **Groww:** Leads the market by active client base in 2026, offering zero charges on account opening and low-cost trading. - **Zerodha:** Continues to offer free equity delivery and a low flat fee of ₹20 or 0.03% (whichever is lower) on intraday/futures, with ₹300 AMC. - **Angel One:** Provides zero account opening, zero delivery fees, and 0.03% intraday charges, with ₹240 AMC. - **Upstox:** Offers ₹0 account opening, ₹20 brokerage on intraday, and competitive pricing for active traders. Key Takeaways for 2026: - **Equity Delivery:** Many brokers, including Zerodha and Angel One, have ₹0 brokerage for long-term equity investing. - **Intraday/F&O:** Most discount brokers charge a flat fee of ₹20 or less, while some, like m.Stock, offer lower specialized pricing. - **Maintenance (AMC):** AMC fees vary, with some brokers charging around ₹300 per annum, while others may offer zero AMC plans. *Disclaimer: Brokerage charges are subject to change. Always verify the latest fees on the broker's official website before opening an account.* If you have a specific trading style, I can narrow down which broker offers the best value for you. Let me know: - Are you an **intraday trader**, **F&O trader**, or **long-term investor**? - What is your **estimated trading volume** (number of trades per month)?