Lowest brokerage in India 2026

If your goal is **lowest overall brokerage in India in 2026**, the answer depends on whether you're an investor or an active trader. | Broker | Equity Delivery | Intraday | F&O | AMC | |----------|----------|----------|----------|----------| | Zerodha | ₹0 | ₹20 or 0.03% | ₹20/order | ~₹300/year | | Upstox | ₹0 | ₹20 or 0.05% | ₹20/order | ₹0 | | Angel One | ₹0 | ₹20 or 0.25% | ₹20/order | ₹0 | | Groww | ₹0–₹20 depending on segment | ₹20 | ₹20/order | ₹0 | | Dhan | ₹0 | ₹20 or 0.03% | ₹20/order | ₹0 | ### Best choices by use case **For long-term investors** - Zerodha and Dhan are among the cheapest because they offer zero brokerage on delivery trades. **For active traders** - Upstox, Dhan, and Zerodha are very competitive, with flat ₹20 brokerage and relatively low additional costs. **For beginners** - Groww is popular due to zero AMC and a simple interface, though its total charges can be higher than Zerodha or Dhan for some trading styles. ### Important: Don't compare brokerage alone Many traders focus only on the ₹20 brokerage, but **DP charges, AMC, MTF interest, and other fees can have a larger impact on returns**, especially if you trade frequently or sell many holdings. ### My practical ranking for 2026 1. Dhan – very low overall costs, zero AMC. 2. Zerodha – excellent platform, low costs, small AMC. 3. Upstox – low-cost alternative with zero AMC. 4. Groww – best for simplicity and beginners. 5. Angel One – competitive but check the latest fee structure. If you tell me **whether you mainly do delivery investing, intraday trading, or F&O**, I can narrow it down to the cheapest broker for your exact usage pattern.

Finding the absolute "lowest" brokerage in India depends on your trading style, as the market is divided between **Flat ₹20/trade discount brokers** and **True Zero-Brokerage platforms**. The breakdown of the lowest brokerage options available in India includes: --- ## 1. True Zero-Brokerage Platforms (Absolute Lowest) These brokers have disrupted the market by eliminating the standard ₹20 per trade fee across major segments like Intraday and F&O. * **m.Stock (by Mirae Asset):** Offers a "Lifetime Zero Brokerage" plan. By paying a one-time upfront fee (around ₹999), you get ₹0 brokerage forever across Equity Delivery, Intraday, F&O, Currencies, and Mutual Funds. * **Flattrade / Shoonya (by Finvasia):** These platforms offer completely free trading with no upfront subscription fees. They charge ₹0 brokerage for Delivery, Intraday, and F&O. They make money through ancillary financial services rather than your trading volume. --- ## 2. Standard Discount Brokers (Flat ₹20 / Trade) The industry standard for mainstream discount brokers is **₹0 for Equity Delivery** (long-term investment) and a flat **₹20 per executed order** (or 0.03% to 0.05%, whichever is lower) for Intraday and F&O. | Broker | Equity Delivery | Intraday / F&O Brokerage | Why Choose Them? | |:--- |:--- |:--- |:--- | | **Groww** | Free (or 0.1%) | Flat ₹20 | Best, most user-friendly interface for beginners. | | **Zerodha** | Free | Flat ₹20 | The gold standard for stable charts, advanced tools (Kite), and active traders. | | **Angel One** | Free | Flat ₹20 | Great mix of a discount broker price with full-service research reports. | | **Upstox** | Free | Flat ₹20 | High-tech platform built for heavy, fast-paced volume trading. | | **Dhan** | Free | Flat ₹20 | Specifically optimized with premium charting tools (TradingView integration) for Options traders. | --- ## 3. Subscription & Budget Brokers * **ProStocks / Wisdom Capital:** They often provide monthly unlimited trading plans (e.g., paying a flat ₹999/month for unlimited trades). This is the cheapest option if you execute hundreds of orders a day. * **SAS Online:** Charges a flat **₹12.99 per order**, undercutting the standard ₹20 industry benchmark for high-volume traders who don't want a subscription. --- > ⚠️ **The "Hidden" Catch:** Even if a broker advertising is "Zero Brokerage," you will still have to pay Government and Regulatory charges on every transaction. These include **STT (Securities Transaction Tax)**, **SEBI turnover fees**, **Stamp Duty**, and **GST**. No broker can waive these. Are you looking to do long-term investing, or are you looking into fast-paced intraday/F&O trading?

As of mid-2026, the landscape for lowest brokerage charges in India is dominated by discount brokers offering flat-fee structures. Here are the top contenders based on competitive pricing, active client base, and service offerings, according to and: - **m.Stock (by Mirae Asset):** Offers a "Zero Brokerage" plan for equity, F&O, and intraday, often charging only a fixed ₹10 per trade (depending on the plan chosen), making it highly competitive for active traders. - **Zerodha:** Remains a market leader with a flat fee of ₹0 for delivery trading and a maximum of ₹20 per trade for intraday and F&O. - **Groww:** Known for being user-friendly with ₹0 brokerage on delivery and a flat ₹20 or 0.05% per trade (whichever is lower) for intraday. - **Angel One:** Offers zero delivery charges and a flat ₹20 per trade for intraday, F&O, currency, and commodity. - **Upstox:** Provides competitive flat-fee pricing of ₹20 or 0.05% per trade. **Key Considerations for 2026:** - **Delivery Trading:** Most discount brokers have made equity delivery (long-term investment) free of charge. - **Intraday/F&O:** The industry standard for intraday and F&O remains at ₹20 per executed order, though some newer players are pushing this lower. - **Hidden Charges:** While brokerage is low, remember to account for STT, SEBI turnover fees, GST, and Stamp duty. If you'd like me to compare them based on **specific features** (like app usability) or **account opening charges**, just let me know.