# Lowest brokerage in India 2026 · 5 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 5 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-05/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-05
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[← Investing Apps · 5 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-05)One prompt · three engines

Prompt 27 · 5 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 5 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 5 June 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.

Brands named

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

Sources cited · 5

* [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)
* [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)
* [Upstox vs Zerodha vs Groww: Brokerage Charges and Hidden... | InvestingPro Indiainvestingpro.in/articles/upstox-vs-zerodha-vs-groww-brokerage-charges-and-hidden-fees-compared-2026](https://www.investingpro.in/articles/upstox-vs-zerodha-vs-groww-brokerage-charges-and-hidden-fees-compared-2026?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)
* [Compared DP charges Across 6 Brokers: Here's Where Your Money is Actually Goingreddit.com/r/ValueInvestingIndia/comments/1tozk7c/compared\_dp\_charges\_across\_6\_brokers\_heres\_where](https://www.reddit.com/r/ValueInvestingIndia/comments/1tozk7c/compared%5Fdp%5Fcharges%5Facross%5F6%5Fbrokers%5Fheres%5Fwhere/?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 5 June 2026

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.

Brands named

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

Sources cited · 5

* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/)
* [Discount broker with zero brokerage | Mirae Asset - m.Stockmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india#:~:text=This%20is%20because%20they%20provide,10%20brokerage%20across%20all%20trades.)
* [Open Zero Brokerage Trading Account - BlinkXblinkx.in/zero-brokerage-trading-account](https://blinkx.in/zero-brokerage-trading-account#:~:text=Gold,in%20NSE%20%26%20BSE%20%E2%80%93%20Options%20100)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing#:~:text=Intraday,BUYSELL)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing)

AI ModeGoogle AI Mode

Answered 5 June 2026

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)?

Brands named

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

Sources cited · 2

* [m.Stock by Mirae Assetmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [brokerselect.finology.in/broker](https://select.finology.in/broker)

[← Prompt 26](/state-of-ai-india/investing-apps/reports/2026-06-05/p/26)[Back to edition ↑](/state-of-ai-india/investing-apps/reports/2026-06-05)[Prompt 28 →](/state-of-ai-india/investing-apps/reports/2026-06-05/p/28)