Lowest brokerage in India 2026

If you're looking for the **lowest brokerage broker in India in 2026**, the answer depends on whether you're an investor, intraday trader, or F&O trader. ### Top Low-Cost Brokers (2026) | Broker | Equity Delivery | Intraday | F&O | AMC | |----------|----------|----------|----------|----------| | Upstox | ₹0 | ₹20/order or 0.05% | ₹20/order | ₹0 | | Groww | ₹0 | ₹20/order | ₹20/order | ₹0 | | Angel One | ₹0 | ₹20/order or 0.25% | ₹20/order | ₹0 | | Zerodha | ₹0 | ₹20/order or 0.03% | ₹20/order | ~₹300/year | | mStock | Among the cheapest | ₹5/order (or lifetime plans) | ₹5/order | Various plans | | ### My practical ranking **For long-term investing** 1. Zerodha 2. Groww 3. Upstox **For active intraday/F&O trading** 1. mStock (lowest brokerage) 2. Upstox 3. Zerodha 4. Angel One ### Important: Brokerage isn't the whole story Many brokers advertise ₹0 delivery brokerage, but you still pay: - DP charges when selling shares - STT - Exchange transaction charges - GST - Stamp duty For frequent traders, these costs can matter as much as brokerage. Recent comparisons suggest that overall costs remain very similar among Zerodha, Upstox, Groww, and Angel One, with differences often coming from AMC and DP charges rather than brokerage itself. ### Recommendation - **Beginner:** Groww - **Best overall:** Zerodha - **Lowest cost for active traders:** mStock - **Best low-cost alternative to Zerodha:** Upstox If you tell me **"I invest only", "I do intraday", or "I trade F&O"**, I can give a more specific recommendation.

Finding the lowest brokerage in India comes down to how frequently you trade and what segments you focus on. The Indian broking landscape is fiercely competitive, split between **zero-brokerage disruptors** and **traditional flat-fee discount brokers**. The lowest brokerage options are broken down by their fee structures below: ## 1. Zero Brokerage Brokers (True ₹0 Brokerage) These platforms have completely eliminated brokerage fees across most (or all) segments, making them highly popular for high-frequency intraday and F&O traders. * **Flattrade:** Truly zero. They charge **₹0 brokerage** across all segments—Equity Delivery, Intraday, F&O, Commodities, and Currencies—with lifetime free Demat AMC. * **m.Stock (by Mirae Asset):** Offers a "Lifetime Free Brokerage" plan for a one-time upfront fee (around ₹999). After that, you pay **₹0 brokerage** across all segments, including Intraday and Options. * **Shoonya (by Finvasia):** Another strict **₹0 brokerage** platform across all segments with no hidden subscription models or clear-cut per-order fees. --- ## 2. Flat-Fee Discount Brokers (The Industry Standard) If you prefer major mainstream platforms with massive ecosystems and advanced charting tools, the industry standard relies on a **Free Delivery + Flat ₹20** model. | Broker | Equity Delivery | Equity Intraday / F&O | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- | | **Zerodha** | ₹0 | Lower of ₹20 or 0.03% | ₹300/year | | **Groww** | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% | ₹0 | | **Angel One** | ₹0 | Lower of ₹20 or 0.1% | ₹20/month (Free 1st year) | | **Upstox** | ₹20 or 2.5% (whichever is lower) | Lower of ₹20 or 0.05% | ₹0 | | **ProStocks** | ₹0 | **Flat ₹15** per trade | ₹0 (Lifetime Free) | > 💡 **Pro-Tip on ProStocks:** If you are an incredibly heavy volume trader, ProStocks also offers flat monthly unlimited plans (e.g., ₹899/month for unlimited Equity/F&O), which bypass per-trade costs entirely. --- ## The Catch: "Zero Brokerage" \neq "Zero Cost" Even if a broker charges ₹0 in brokerage, you cannot escape **Statutory & Regulatory Charges** mandated by the Government of India and SEBI. When calculating your net profit/loss, always factor in: * **STT (Securities Transaction Tax):** Usually the heaviest tax (0.1% on buy/sell for delivery, 0.025% on sell for intraday). * **Exchange Transaction Charges:** Charged by the NSE/BSE. * **DP (Depository Participant) Charges:** Charged only when you **sell** shares from your Demat account (typically around ₹13.5 to ₹20 per company per day). * **GST:** 18% applicable on the brokerage, DP charges, and transaction fees combined. Are you looking for a broker primarily for long-term equity investing, or are you focusing on active intraday/options trading?

As of mid-2026, the lowest brokerage fees in India are primarily offered by discount brokers operating on a flat-fee model, with some platforms offering zero-brokerage plans for specific segments. **Top Low-Brokerage Firms in India (2026)** - ** (by Mirae Asset):** Known for its "zero brokerage" plans, it is a leading choice for reducing trading costs, charging flat fees as low as ₹10 on trades. - **Zerodha:** Remains a top discount broker by client base, charging a flat fee of ₹20 or 0.03% (whichever is lower) for intraday and futures, with free equity delivery. - **Groww:** Popular for beginners, offering a flat ₹20 or 0.05% fee for intraday, with no Account Maintenance Charges (AMC). - **Upstox:** Offers a similar flat fee of ₹20 or 0.05% for intraday trades. - **5Paisa:** Known for aggressive, flat-rate pricing. **Key Takeaways for 2026** - **Flat Pricing Model:** Most discount brokers charge a flat fee of ₹20 per executed order, regardless of the trade volume. - **Zero AMC:** Many modern brokers (like ) have eliminated AMC to reduce costs. - **Delivery Trading:** Equity delivery (long-term investment) is often free across major discount brokers, while intraday and F&O attract a flat ₹20 fee. - **Traditional Brokers:** Firms like HDFC Securities are better for investors prioritizing 3-in-1 account convenience, though they cost more (e.g., minimum ₹25 per order). If you tell me **what type of trading you do most** (e.g., long-term investing, daily intraday, or options trading), I can recommend the absolute lowest-cost broker for your specific style.