Lowest brokerage in India 2026

If by **lowest brokerage in India (2026)** you mean the cheapest broker for stock trading, the answer depends on whether you're an investor or an active trader. ### Lowest brokerage brokers in 2026 | Broker | Equity Delivery | Intraday / F&O | Notes | |----------|----------|----------|----------| | Shoonya | ₹0 | Very low/near-zero brokerage structure | Among the cheapest overall. | | m.Stock | ₹0 (with certain plans) | Low-cost lifetime plans available | Popular with high-volume traders. | | Zerodha | ₹0 | ₹20/order (standard discount-broker model) | Strong platform and ecosystem. | | Dhan | ₹0 | ₹20/order | Favored by many active traders. | | Upstox | ₹0 | ₹20/order | Good balance of cost and features. | | Groww | Charges apply on delivery trades | ₹20/order | Low AMC, beginner-friendly. | ### My shortlist **For the absolute lowest cost:** - Shoonya - m.Stock **For the best mix of low cost + reliability + platform quality:** - Zerodha - Dhan - Upstox ### Important: Don't compare brokerage alone Many traders focus on the ₹0 or ₹20 brokerage and miss: - DP charges when selling shares - AMC (annual maintenance charges) - Platform/API charges - Margin funding interest - Exchange, GST, STT, and stamp-duty charges These can matter more than brokerage itself, especially for frequent traders. If you tell me **your trading style** (long-term investing, intraday, F&O, or algo trading), I can recommend the cheapest broker specifically for that use case.

If you are looking for the lowest brokerage charges in India, the market is highly competitive, dominated by discount brokers that offer flat-fee structures or complete zero-brokerage models. Brokers are generally categorized into three types based on their pricing models: **Absolute Zero-Brokerage Brokers**, **Flat-Fee Discount Brokers**, and **Subscription-Based Brokers**. --- ## 1. Absolute Zero-Brokerage Brokers These brokers have gained massive popularity by removing the standard ₹20 per trade fee across several segments. * **m.Stock (by Mirae Asset):** Offers a "Life-Time Zero Brokerage" plan for a one-time upfront fee (around ₹999). It provides ₹0 brokerage across all segments—Delivery, Intraday, F&O, Mutual Funds, and Currency. Without the upfront fee, they offer a highly competitive flat ₹10 per trade model. * **Shoonya (by Finvasia):** A true zero-brokerage platform with no upfront subscription fees. They charge ₹0 brokerage for Delivery, Intraday, and F&O, making it arguably the cheapest option for high-volume traders. * **Kotak Neo:** Offers a specialized "Youth Plan" (for users under 30) and competitive plans that feature zero brokerage on Intraday trades, charging only for Delivery or F&O segments. ## 2. Flat-Fee Discount Brokers (The Industry Standards) If you prefer established ecosystems with high-quality tech platforms and no hidden subscription costs, the industry standard is **₹20 per executed order**. * **Zerodha (Kite):** * **Equity Delivery:** Free (₹0 brokerage). * * **Intraday & F&O:** Flat ₹20 or 0.03% per executed order (whichever is lower). * **Groww:** * **Equity Delivery & Intraday:** Flat ₹20 or 0.05% per executed order (whichever is lower). * * **F&O:** Flat ₹20 per executed order. * **Angel One & Upstox:** Both mirror the standard structure—free equity delivery and a flat ₹20 per trade for Intraday and F&O. ## 3. Subscription/Flat-Monthly Brokers Ideal for heavy volume or algorithmic traders who want to cap their monthly expenses. * **ProStocks:** Offers a flat ₹15 per trade, but also features an unlimited trading plan at **₹499/month** per exchange. You can execute unlimited trades without paying any per-order brokerage. * **Wisdom Capital:** Offers flat-fee trading as low as ₹9 per executed order, or monthly freedom plans (around ₹999/month) for unlimited trading. --- ## Comparison Summary at a Glance | Broker | Equity Delivery | Intraday | Futures & Options (F&O) | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- |:--- | | **Shoonya** | ₹0 | ₹0 | ₹0 | Zero | | **m.Stock** | ₹0 (with upfront plan) | ₹0 (with upfront plan) | ₹0 (with upfront plan) | Zero options available | | **Zerodha** | ₹0 | Lower of ₹20 or 0.03% | Flat ₹20 | ₹300/year | | **Groww** | Lower of ₹20 or 0.05% | Lower of ₹20 or 0.05% | Flat ₹20 | Zero | | **Angel One** | ₹0 | Lower of ₹20 or 0.1% | Flat ₹20 | ₹20-25/month (from 2nd year) | --- ## ⚠️ Important Note: Look Out for Statutory Charges Even with a "Zero Brokerage" broker, you cannot escape **Government and Regulatory taxes**, which often make up the bulk of your transaction costs. Whenever you trade, always factor in: * **STT (Securities Transaction Tax):** 0.1% on both buy & sell for Delivery; 0.025% on sell for Intraday. * **DP (Depository Participant) Charges:** Usually ₹13.5 to ₹20 per company/scrip, debited only when you *sell* shares from your Demat account (Delivery). * **Exchange Transaction Charges:** Charged by NSE/BSE. * **GST:** 18% applied on the brokerage, exchange charges, and DP charges. * **SEBI Turnover Charges & Stamp Duty.**

**Finvasia (Shoonya)** and **** offer the absolute lowest overall brokerage fees in India for 2026 by charging **true ₹0 brokerage** across all trading segments, including Equity Delivery, Intraday, Futures, and Options (F&O). Close behind are subscription-based and ultra-low discount brokers like **m.Stock** (flat ₹10 across all trades for a lifetime upfront fee) and **Stocko** (flat ₹12.99 per trade). Major mainstream discount brokers—such as market leaders **Groww**, **Zerodha**, **Angel One**, and **Upstox** —continue to charge a flat **₹20 per executed order** for intraday and derivative trades, while offering free equity delivery. Compare Lowest Brokerage Accounts | Share Broker | Equity Delivery | Intraday Trading | F&O (Futures & Options) | Demat AMC (Annual Maintenance) | |---|---|---|---|---| | **Finvasia (Shoonya)** | **₹0 (Free)** | **₹0 (Free)** | **₹0 (Free)** | **₹0 (Lifetime Free)** | | **Flattrade** | **₹0 (Free)** | **₹0 (Free)** | **₹0 (Free)** | **₹0 (Lifetime Free)** | | **m.Stock** | **₹0 (Free)** | ₹10 / trade *(With ₹999 paid plan)* | ₹10 / trade *(With ₹999 paid plan)* | ₹0 *(With additional ₹999 plan)* | | **Stocko (SAS Online)** | ₹12.99 / trade | ₹12.99 / trade | ₹12.99 / trade | ₹200 / year | | **ProStocks** | **₹0 (Free)** | ₹15 / trade | ₹15 / trade | **₹0 (Lifetime Free)** | | **Zerodha** | **₹0 (Free)** | Lower of ₹20 or 0.03% | Flat ₹20 per trade | ₹300 / year | | **Groww** | **₹0 (Free)** | Lower of ₹20 or 0.1% | Flat ₹20 per trade | **₹0 (Lifetime Free)** | | **Angel One** | **₹0 (Free)** | Lower of ₹20 or 0.03% | Flat ₹20 per trade | ₹240 / year *(Free 1st Year)* | Analyze Key Plan Breakdowns 1. The True Zero-Brokerage Pioneers - **Finvasia (Shoonya):** Operates on a strict zero-clearing and zero-brokerage framework. You pay absolutely nothing for executing any type of trade, making it highly optimal for high-volume API and algorithmic traders. - **Flattrade:** Offers completely commission-free trading across NSE, BSE, and MCX segments. There are no hidden software fees or monthly subscriptions required to keep the account active. 2. The Upfront Upgrades - **m.Stock (by Mirae Asset):** Charges a one-time onboarding fee of ₹999 to unlock ₹0 delivery and flat ₹10 intraday/F&O pricing for life. Paying an optional, additional ₹999 waives the lifetime Demat Annual Maintenance Charges (AMC). 3. The Standard Market Leaders - **Zerodha, Groww, & Upstox:** While not the absolute cheapest for intraday and options scaling, their massive tech infrastructure, high speed, and analytical charting modules justify the standard ₹20 per trade flat fee for retail clients who prioritise interface reliability over cutting absolute costs to zero. Avoid Hidden Trading Costs Headline brokerage is only part of the actual transaction calculation. Ensure you account for these crucial variables when choosing a low-cost partner: - **DP Charges (Debit Transaction Fees):** Charged every time you sell stocks out of your Demat delivery account. This generally ranges from ₹13.5 to ₹20 per company per day, regardless of the broker's underlying "zero brokerage" claims. - **Statutory Levies:** These legal fees are uniform across all brokers and mandated by the Government of India. They include **Securities Transaction Tax (STT)**, **SEBI Turnover Fees**, **Stamp Duty**, and **18% GST** on the accumulated brokerage/transaction charges. - **Call and Trade Fees:** If you call your broker's desk to execute an order manually rather than using their application, expect an added charge ranging between ₹20 and ₹50 per order. To structure your final decision, let me know: - Are you primarily looking to do **long-term delivery investing** or **active daily intraday/F&O trading**? - Do you require **advanced trading charts** (like TradingView integration) and **automated API capabilities**?