Lowest brokerage in India 2026

If by **lowest brokerage in India (2026)** you mean the cheapest broker for trading stocks, intraday, and F&O, the answer depends on whether you're a trader or a long-term investor. ### Lowest Brokerage Brokers (2026) | Broker | Equity Delivery | Intraday | F&O | |----------|----------|----------|----------| | Shoonya by Finvasia | ₹0 | Very low / near-zero model | Very low charges | | m.Stock | ₹0 | ₹0 on certain plans | ₹0 on certain plans | | Zerodha | ₹0 | ₹20/order | ₹20/order* | | Dhan | ₹0 | ₹20/order | ₹20/order | | Upstox | ₹0 | ₹20/order | ₹20/order | | Groww | Not always free (depends on trade value) | ₹20/order | ₹20/order | | Angel One | ₹0 or promotional plans | ₹20/order | ₹20/order | *Some specialized Zerodha derivative trades saw fee changes in 2026, affecting a small subset of users. ### Best Choice by Use Case - **Absolute lowest brokerage:** Shoonya by Finvasia or m.Stock. They market near-zero brokerage structures and are usually the cheapest on pure cost. - **Best balance of low cost + reliability:** Zerodha. Zero delivery brokerage and one of the most widely used platforms. - **Best for beginners:** Groww due to its simple app and zero AMC, though delivery trades may not always be free. - **Best for active traders:** Dhan and Zerodha are frequently recommended because of low charges and trader-focused tools. ### Important Don't compare brokers only on brokerage. Also check: - DP charges when selling shares - Annual Maintenance Charges (AMC) - Margin Trading Facility (MTF) interest - Platform stability and execution quality Many investors find that "zero brokerage" brokers still incur government charges (STT, GST, stamp duty, exchange fees) and DP charges, which can be more significant than brokerage itself. If you tell me: 1. **Investor or trader?** 2. **Cash delivery, intraday, or F&O?** 3. **Expected monthly turnover?** I can suggest the cheapest broker specifically for your style.

When looking for the lowest brokerage in India, the right choice heavily depends on your specific trading style—whether you are a long-term investor, an active intraday trader, or a heavy F&O (Futures & Options) player. The brokerage landscape is divided into three main pricing models: **True Zero-Brokerage**, **Flat-Fee Discount**, and **Subscription-Based**. --- ## 1. True Zero-Brokerage Models These brokers do not charge a penny for trading across segments (Delivery, Intraday, and F&O). They make their revenue through other avenues like Margin Trading Facility (MTF) interest, API fees, or partner integrations. * **Flattrade:** Offers absolutely $\text{₹}0$ brokerage across **all segments** (Equity Delivery, Intraday, F&O, Commodities, and Currency) forever. They also feature zero Demat AMC (Annual Maintenance Charges). * **m.Stock (by Mirae Asset):** Offers a "Zero Brokerage for Life" plan across all segments, including F&O and Intraday. However, it requires a one-time upfront account opening fee of $\text{₹}999$. (They also offer a lower-tier plan with a flat $\text{₹}10$ per order). --- ## 2. Standard Flat-Fee Discount Brokers These are the industry giants. They charge zero for equity delivery but levy a flat, capped fee per order for Intraday and F&O. They are highly favored for their platform stability and extensive feature sets. | Broker | Equity Delivery | Intraday | F&O (Options / Futures) | Key Benefit | |:--- |:--- |:--- |:--- |:--- | | **Groww** | Lower of 0.1% or $\text{₹}20$ | Lower of 0.1% or $\text{₹}20$ | Flat $\text{₹}20$ per order | Simple, clean UI; currently India's largest broker by active clients. | | **Zerodha** | $\text{₹}0$ | Lower of 0.03% or $\text{₹}20$ | Flat $\text{₹}20$ per order | Highly reliable charting (Kite), strong transparency, and zero spam. | | **Angel One** | $\text{₹}0$ | Lower of 0.1% or $\text{₹}20$ | Flat $\text{₹}20$ per order | Great for algo traders (SmartAPI) and offers robo-advisory tools. | | **Dhan** | $\text{₹}0$ | Lower of 0.03% or $\text{₹}20$ | Flat $\text{₹}20$ per order | Excellent specialized features for options traders and TradingView integration. | --- ## 3. The Catch: It’s Never Truly "Zero Cost" Even if a broker charges $\text{₹}0$ in *brokerage*, you cannot escape government and regulatory fees. When calculating your actual "all-in" cost per trade, you must always factor in: * **STT (Securities Transaction Tax):** Charged by the government (highest on equity delivery sales at 0.1%). * **DP (Depository Participant) Charges:** Usually ranges between $\text{₹}13.5$ to $\text{₹}20$ per company/ISIN, debited **only when you sell** shares from your Demat account (Delivery). * **Exchange Transaction Charges & SEBI Turnover Fees:** Fractions of a percentage charged by the NSE/BSE and SEBI. * **GST:** 18% applied on the total brokerage, exchange charges, and DP charges. --- ## Summary Recommendation * If you are a **high-volume derivative or intraday trader** looking to save every penny on churn, **Flattrade** or **m.Stock** will yield the absolute lowest bill. * If you value **platform stability during peak market volatility, advanced tools, and clean charts**, paying the standard $\text{₹}20$ flat fee to **Zerodha**, **Groww**, or **Dhan** is often worth the expense to avoid costly slippage. What type of trading or investing do you plan on doing the most?

**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**?