Lowest brokerage in India 2026

If your only goal is the **lowest brokerage in India in 2026**, these are the names that appear most often in current comparisons: | Broker | Equity Delivery | Intraday / F&O | Notes | |----------|----------|----------|----------| | Shoonya by Finvasia | ₹0 | Very low / near-zero brokerage plans | Among the cheapest overall. | | m.Stock | ₹0 | Lifetime zero-brokerage plans available | Popular with active traders. | | Zerodha | ₹0 | ₹20/order or 0.03% (whichever lower) | Strong platform and ecosystem. | | Upstox | ₹0 | ₹20/order | Competitive pricing. | | Angel One | ₹0 | ₹20/order | Widely used discount broker. | | Groww | Not fully free for delivery trades | ₹20/order or 0.05% | Very beginner-friendly, but delivery brokerage differs from Zerodha. | ### Which one is actually cheapest? - **Absolute lowest brokerage:** Shoonya by Finvasia is frequently cited as one of the lowest-cost brokers, with zero-brokerage offerings across segments. - **Best balance of low cost + reliability:** Zerodha. Many investors choose it because delivery brokerage is ₹0 and the platform is mature. - **Best for beginners:** Groww is easy to use, though it may not be the absolute cheapest once all charges are considered. ### Important: Don't compare only brokerage Many traders focus on ₹0 brokerage and miss: - DP charges when selling shares - AMC (annual maintenance charges) - Pledging charges - Exchange and regulatory charges - GST and taxes These can sometimes matter more than the brokerage itself. 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 use case.

The stock broking space in India has become incredibly competitive. In 2026, finding a "low-cost" broker is easier than ever, but the lowest brokerage options generally break down into three distinct models depending on how frequently you trade: **True Zero-Brokerage**, **Subscription/Unlimited Plans**, and **Discount Flat-Fee Models**. Here is a breakdown of the lowest brokerage options available in India. --- ## 1. True Zero-Brokerage Platforms (The Absolute Lowest) These new-age discount brokers completely eliminate brokerage across almost all segments (Equity, Intraday, F&O, Commodities, and Currency). * **Flattrade:** Offers **₹0 brokerage** across all segments (Equity Delivery/Intraday, Futures, and Options) forever. Account opening is free, and there are no Demat AMC charges. * **Navia:** Another aggressive competitor offering a lifetime **₹0 brokerage model** across all trading segments, including options and intraday, without mandatory subscription costs. * **m.Stock (by Mirae Asset):** Offers a "Zero Brokerage for Life" plan across all segments. However, it requires a one-time upfront fee (historically around ₹999) to unlock the lifetime zero-brokerage perk. (They also offer a flat **₹10/trade** plan if you don't take the lifetime package). --- ## 2. Flat Monthly/Unlimited Subscription Plans If you are a high-volume algorithmic or intraday trader, subscription models allow you to pay a single fixed fee every month for unlimited trades. * **ProStocks:** Offers an unlimited monthly plan starting at **₹499 per month** (per exchange). If you buy the plan, you pay zero brokerage regardless of your turnover or how many thousands of lots you trade. If you don't want the subscription, their standard flat rate is **₹15 per trade**. * **Wisdom Capital:** Known for highly competitive pricing, they offer specific plans with flat rates as low as **₹9 per executed order**, alongside monthly flat-fee structures for active traders. --- ## 3. The Popular Flat-Fee Disounters (₹15 to ₹20 per trade) While not "zero," these industry-leading discount brokers offer highly transparent, flat-fee pricing. They are often preferred by retail investors who prioritize platform stability and advanced toolkits over saving the last ₹10. | Broker | Equity Delivery Brokerage | Intraday & F&O Brokerage | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- | | **Groww** | Free (or 0.05% lower) | Flat ₹20 per executed order | ₹0 | | **Zerodha** | Free | Flat ₹20 or 0.03% (whichever is lower) | ₹300/year | | **Upstox** | Flat ₹20 (or 0.1% lower) | Flat ₹20 per executed order | ~₹150/year | --- ### ⚠️ A Crucial Catch: Government Charges Are Never Zero Even if a broker advertises **"₹0 Brokerage,"** you still have to pay government-mandated taxes and exchange fees. These are external costs that no broker can waive: * **STT/CTT** (Securities/Commodities Transaction Tax) * **Exchange Transaction Charges** (Charged by NSE/BSE) * **SEBI Turnover Fees** * **Stamp Duty** * **GST:** 18% applied on the total of the brokerage + exchange transaction charges. **Recommendation:** If your primary goal is paying nothing to the broker, **Flattrade** or **Navia** provide the lowest entry point. If you are an aggressive F&O trader, looking into **ProStocks' unlimited monthly plan** or **m.Stock** will save you the most money over the long term. What specific segment are you planning to trade the most—long-term equity delivery, or high-frequency intraday and F&O?

As of June 2026, the stock brokerage landscape in India continues to be dominated by discount brokers offering very low or zero brokerage plans for equity, futures, and options. Here are some of the lowest brokerage brokers in India in 2026 based on current market trends: - **:** Positioned as a zero-brokerage platform, they offer plans with zero brokerage on all trades (equity, F&O, intraday). - **Zerodha:** Known as the largest discount broker, they charge a flat fee of ₹0 for equity delivery and a maximum of ₹20 per executed order for intraday and F&O, making them one of the most cost-effective for active traders. - **Groww:** Currently the largest broker by active client count in 2026, they offer ₹0 brokerage on equity delivery and a flat ₹20 or 0.05% (whichever is lower) for intraday. - **Angel One:** Offers flat brokerage of ₹0 for delivery and ₹20 or less for other segments, tailored for active traders. - **Upstox:** Provides competitive flat-fee pricing similar to Zerodha and Groww, often favored for its fast trading platform. **Key Considerations:** - **Zero Brokerage Plans:** Several brokers now offer zero-brokerage, zero-AMC accounts in exchange for a one-time subscription fee. - **Flat Fee Model:** Most discount brokers follow a flat fee structure (e.g., ₹10-₹20) rather than a percentage-based structure, which is generally cheaper for larger trades. - **Hidden Costs:** Always check for additional costs like Account Maintenance Charges (AMC), transaction charges, and statutory levies like STT, GST, and SEBI turnover fees, which are standard across all brokers. If you can tell me whether you are a **long-term investor** or a **frequent trader**, I can help you identify which broker is better for your specific trading style.