Lowest brokerage in India 2026

As of 2026, brokerage charges in India vary widely depending on whether you use a **full-service broker** or a **discount broker**. Let’s break it down carefully: --- ### **1. Discount Brokers (Lowest Brokerage)** Discount brokers have surged in popularity because they offer flat-fee or zero-commission trading. Some of the top options in 2026: | Broker | Equity Delivery | Intraday / F&O | Key Points | |--------|----------------|----------------|------------| | **Zerodha** | ₹0 | ₹20 per trade | Industry pioneer, very low cost, strong trading platform (Kite) | | **Upstox** | ₹0 | ₹20 per trade | Similar to Zerodha, good mobile app | | **Groww** | ₹0 | ₹20 per trade | Beginner-friendly, integrated with mutual funds | | **Angel One (Discount plan)** | ₹0 | ₹20–₹25 per trade | Also offers research services | | **5paisa** | ₹20 per trade flat | ₹20 per trade | Low-cost flat plans, subscription options for extra benefits | **Trend in 2026:** Many discount brokers have started offering **₹0 brokerage on delivery trades** and a **flat ₹20–₹25 per intraday/F&O trade**, which is currently the **lowest in India**. --- ### **2. Full-Service Brokers** Full-service brokers (HDFC Securities, ICICI Direct, Kotak Securities) still charge **0.25–0.50% per trade** for equity delivery. For intraday/F&O, they usually charge **0.05–0.1% per trade**, which is much higher than discount brokers. These are only worth it if you want **research, advisory, or personalized services**. --- ### **3. Other Considerations** - **Account maintenance charges (AMC):** Some brokers charge ₹300–₹600 per year. - **F&O contracts:** Often ₹20–₹25 per executed order, which is lowest in the market. - **Platforms & features:** Check if the broker has a stable trading platform, margin, and good mobile app, as ultra-low brokerage isn’t useful if trading execution is poor. --- ✅ **Bottom line:** For 2026, **Zerodha, Upstox, Groww, and 5paisa** offer the **lowest brokerage** in India—**₹0 on delivery and ₹20–₹25 on intraday/F&O trades**. --- If you want, I can make a **full 2026 comparison table** including **brokerage, AMC, margin, and best plan for active vs. casual traders**, so you can pick the absolute cheapest broker for your style. Do you want me to do that?

Choosing the right stockbroker depends entirely on your trading frequency and style. In the Indian broking landscape, "lowest brokerage" generally falls into three main categories: **Absolute Zero Brokerage** (subscription or completely free apps), **Ultra-Low Flat Fee** platforms, and the standard **Discount Broker** model. The lowest brokerage options available in India are outlined below, categorized by how they structure their fees: --- ## 1. Absolute Zero Brokerage Brokers These platforms are ideal for high-volume intraday and F&O (Futures & Options) traders, as they completely eliminate per-trade brokerage fees. * **Flattrade:** Offers completely **₹0 brokerage** across all segments including Equity Delivery, Intraday, F&O, Commodities, and Currency. There are no monthly subscription fees, making it one of the absolute cheapest options on paper. * **m.Stock (by Mirae Asset):** Offers a "Zero Brokerage for Life" plan. It requires a **one-time upfront account opening fee** (usually around ₹999), after which all trades across Delivery, Intraday, and F&O are charged at ₹0 brokerage forever. * **ProStocks:** Features a subscription-based model. While they offer a flat ₹15/trade plan, they also have an **unlimited monthly trading plan for ₹499/month** per exchange, which provides zero brokerage on all turnover regardless of trading volume. --- ## 2. Ultra-Low Flat Fee Brokers These platforms charge a flat fee per executed order, but undercut the traditional market rate of ₹20. * **Wisdom Capital:** Offers flat-fee structures starting as low as **₹9 per executed order** for F&O and Intraday trading, making it a highly competitive alternative for budget-conscious traders. --- ## 3. Top Standard Discount Brokers (Flat ₹20/Trade) While not the absolute cheapest, these industry giants offer elite-tier platforms, high reliability, and charge a flat maximum of **₹20 per executed order** (or 0.03% to 0.05%, whichever is lower) for Intraday and F&O. * **Zerodha:** The pioneer of discount broking. It features **₹0 brokerage on Equity Delivery** and direct mutual funds, and a flat ₹20 per trade for Intraday and F&O. * **Groww:** Charges **₹0 Account Maintenance Charges (AMC)**. Brokerage is ₹20 or 0.05% per executed order for both Equity Delivery and Intraday/F&O. * **Angel One & Upstox:** Both follow a similar structure of ₹0 delivery (or free for the initial period) and a flat ₹20 per executed order for Intraday and F&O. --- ## Summary Comparison Table | Broker | Equity Delivery Brokerage | Intraday / F&O Brokerage | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- | | **Flattrade** | ₹0 | ₹0 | Free | | **m.Stock** | ₹0 *(with upfront plan)* | ₹0 *(with upfront plan)* | Varies by plan | | **Wisdom Capital** | ₹0 | ₹9 per order | Free | | **ProStocks** | ₹0 | ₹15 per order or ₹499/month | Free | | **Zerodha** | ₹0 | ₹20 per order | ₹300 / year | | **Groww** | Lower of ₹20 or 0.05% | Lower of ₹20 or 0.05% | Free | --- > ⚠️ **Important Note on "Hidden" Government Charges:** > Even if a broker advertisements "Zero Brokerage", you cannot escape statutory and regulatory taxes mandated by the government and SEBI. For every trade, you will still have to pay:

Based on trends as of early June 2026, the lowest brokerage charges in India are primarily offered by discount brokers, with some platforms offering zero brokerage on specific segments. **Top Low-Brokerage Platforms in 2026:** - ** by Mirae Asset:** Offers a competitive model with ₹10 per trade across all segments. - **Zerodha:** Known for its popular flat-fee structure, charging ₹0 for equity delivery and ₹20 or 0.03% (whichever is lower) for intraday and F&O. - **Groww:** Offers zero commission on direct mutual funds and charges ₹20 or 0.1% (whichever is less) on intraday and F&O trades. - **Angel One:** A full-service broker offering low costs with zero account opening fees and ₹0 on delivery. - **:** Offers competitive pricing with ₹0 for equity delivery and very low intraday rates (0.01%). **Key Brokerage Structures (As of mid-2026):** - **Equity Delivery:** Frequently zero, with brokers like Zerodha and Angel One offering free investing. - **Intraday/F&O:** Generally flat fees of ₹10-₹20 per executed order. - **Account Maintenance (AMC):** Many brokers have eliminated or reduced AMCs to attract new investors. When choosing, consider factors beyond just brokerage, such as platform speed, user interface, and hidden charges. If you can tell me **which segment you trade most** (equity, F&O, intraday) and your **approximate trade frequency**, I can help you identify which of these brokers offers the best value for your specific needs.